Thursday, September 24
British ad group WPP named board member Cindy Rose as its new chief executive on Thursday, handing the top job to a senior executive from Microsoft a day after it downgraded profit forecasts. Rose has been on the board since 2019 and will take over from outgoing CEO Mark Read on Sept. 1, the company said. The company had said that Read would step down at the end of the year. Rose has spent the last nine years in senior leadership positions at Microsoft, where she rose to Chief Operating Officer, Global Enterprise after formerly being head of its UK business. Prior to that she worked at Vodafone and Virgin Media. WPP Chairman Philip Jansen said Rose had supported the digital transformation of large enterprises around the world - including embracing artificial intelligence to create new busi
Gold August futures contracts at MCX opened flat, near their 1-week low, at Rs 96,549/ 10 grams on Thursday, which was slightly up by Rs 88 or 0.09%. The prices were supported by a slight retreat in the dollar and bond yields, while investors kept a close tab on trade negotiations as U.S. President Donald Trump broadened his tariff war.Meanwhile, silver September futures contracts opened higher by Rs 218 or 0.2% at Rs 1,07,483/kg.On Thursday, gold and silver settled on a slightly weaker note in the domestic market and on a mixed note in the international markets. Gold August futures contract settled at Rs 96,461 per 10 grams with a loss of 0.01% and silver September futures contract settled at Rs 1,07,265 per kilogram with a loss of 0.67%. Gold and silver exhibited very high price volatili
Motilal Oswal has initiated coverage on Bharat Dynamics Ltd with a ‘neutral’ rating and a target price of Rs 1,900, about 4% below its current market value, cautioning that the stock’s sharp run-up leaves little room for near-term upside.While lauding the defence manufacturer’s robust order book, export momentum, and earnings potential, the brokerage said it would “look for lower price points to enter the stock” given the demanding valuations.Shares of Bharat Dynamics fell 2.2% on Thursday to Rs 1,941.25 on the BSE.Motilal Oswal expects a sharp scale-up in execution as supply chain headwinds ease, driving a 35% revenue CAGR and 51% PAT CAGR over FY25–28. “We like the business model of BDL and its ability to scale up its revenues and order book in current scenario,” the br
Telcos such Bharti Airtel and Vodafone Idea have sided with tech players and equipment makers while seeking administrative allocation of microwave spectrum unlike the market leader Reliance Jio. But each group has different rationales. Reliance Jio has backed auction for all microwave spectrum and E/V bands, arguing that auction will prevent hoarding of backhaul airwaves."We submit that the administrative assignment of spectrum is not a prudent or legally tenable policy, especially when the spectrum bands cannot be termed as purely backhaul," Jio said in its comments to Trai. The Telecom Regulatory Authority of India had sought comments for fresh regulations on allocation, pricing, and quantum of spectrum in microwave backhaul in 6 GHz (lower), 7 GHz, 13 GHz, 15 GHz, 18 GHz, 21 GHz bands,
