CIPLA CEO UMANG VOHRA
Stock market update: FMCG stocks up as market rises
The 30-share BSE Sensex closed up 443.79 points at 81442.04
Stock market update: FMCG stocks up as market rises
The 30-share BSE Sensex was up 386.42 points at 81384.67
STMicroelectronics CEO says 5,000 jobs to be cut in next 3 years
Around 2,000 employees will leave the the Franco-Italian chipmaker due to attrition, bringing the total count with voluntary departures to 5,000, Jean-Marc Chery said at an event in Paris hosted by BNP Paribas.
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
GRSE, FIEM Industries, Aegis Vopak Terminal, Mangalore Chem and Radico Khaitan, hit their fresh 52-week highs during the day.
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
Adani Ports SEZ, Adani Ent., Bajaj Finserv, Coal India Ltd and Power Grid were among the top losers on NSE in today's trade.
Stock market update: FMCG stocks down as market falls
The 30-share BSE Sensex was down 416.59 points at 80957.16
Stock market update: FMCG stocks up as market falls
The 30-share BSE Sensex closed down 77.26 points at 81373.75
Stock market update: FMCG stocks up as market falls
The 30-share BSE Sensex was down 623.99 points at 80827.02
VerSe Innovation allegedly billed Builder.ai without services; Indian company denies claims
VerSe Innovation, parent of Dailyhunt, and Builder.ai allegedly inflated revenue through reciprocal invoicing without actual services rendered. London-based Builder.ai, which is under legal scrutiny in the US, reportedly gained $60 million from VerSe over four years. VerSe CEO Umang Bedi denies these claims, stating all transactions were for legitimate services, including cloud computing and advertising.
A bite of exercise in the corner office: C-suite leaders weave in short bursts of physical activities into workday
Indian executives are increasingly prioritizing well-being by integrating physical activity into their workday. From walking meetings to exercise snacking, leaders are finding creative ways to stay fit amidst demanding schedules. Companies are embedding wellness into their culture, promoting movement breaks and prioritizing employee health, recognizing its positive impact on decision-making and overall performance.
Builder.ai-Dailyhunt fake sales: All you need to know about the “round-tripping” scandal
Round-tripping involves transferring money between companies without any genuine exchange of goods or services — the only aim being to inflate revenue figures for investor consumption. Between 2021 and 2024, Builder.ai and VerSe Innovation reportedly exchanged invoices in round-tripping. Last month, Builder.ai said it planned to file for bankruptcy after one of its key lenders, Viola Credit, seized $37 million from its accounts.
Builder.ai faked business with Indian firm VerSe to inflate sales: Sources
Builder.ai, facing bankruptcy, allegedly inflated sales figures by engaging in "round-tripping" with VerSe Innovation, billing each other for similar amounts without actual services rendered. Documents suggest this practice occurred between 2021 and 2024 to deceive investors. VerSe co-founder Umang Bedi denies these allegations, while Builder.ai has declined to comment on the matter.
S&P 500 CEO pay up 10% as stock prices and profits soar
Chief executives at S&P 500 companies experienced a nearly 10% compensation surge in 2024, fueled by a robust stock market and increased corporate profits. The median CEO pay reached $17.1 million, while typical employee earnings saw a more modest 1.7% rise to $85,419. Rick Smith of Axon Enterprises topped the list with $164.5 million, driven by impressive revenue growth.
RBSE 10th Result 2025 today at rajresults.nic.in? Check steps to download scorecard via roll number, alternate sites, other details
The Rajasthan Board 10th Result 2025 is anticipated soon, with media reports suggesting a release between May 26 and May 31, 2025. The official date is pending confirmation from the board, which will be announced via press conference and on the official websites. Students can check their results online, via SMS, DigiLocker, or the UMANG app.
Stock market update: FMCG stocks up as market rises
The 30-share BSE Sensex closed up 410.19 points at 81596.63
Stock market update: FMCG stocks up as market rises
The 30-share BSE Sensex closed up 410.19 points at 81596.63
Stock market update: FMCG stocks up as market rises
The 30-share BSE Sensex was up 593.84 points at 81780.28
Donald Trump’s order to lower prices may benefit generics, says Cipla CEO
Cipla anticipates that Donald Trump's order to lower US drug prices could favor generic drug companies like itself. The company reported a strong Q4 performance with a 30% increase in net profit. Cipla is optimistic about growth in India, particularly in the weight-loss drug market, and is exploring both organic and inorganic expansion opportunities.
Stocks in news: HAL, Eicher Motors, Airtel, Tata Motors, Cipla
Indian markets are expected to focus on companies like HAL and Eicher Motors. These companies will announce their Q4 results. Tata Motors reported a profit decline. However, Airtel saw a significant profit increase. Metropolis Healthcare's profit decreased, while Bharti Hexacom's profit increased. Tata Steel plans a major capital expenditure. LIC increased its stake in Bank of India.
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