Monday, October 12
Alkem Laboratories shares declined 5% to Rs 5,025 in Friday’s intraday trade on the BSE after the company reported a net profit of Rs 306 crore for Q4FY25, a 4.2% increase from Rs 294 crore in the same quarter last year.Revenue from operations rose 7.1% year-on-year to Rs 3,143.8 crore during the quarter. However, the EBITDA margin narrowed to 12.4%, down from 13.7% in Q4FY24.The Mumbai-based pharma firm declared a final dividend of Rs 8 per equity share for FY25, subject to shareholder approval. The record date for dividend eligibility is August 8.Domestic sales grew 8.1% to Rs 2,135.5 crore, while international sales rose 7.2% to Rs 974.7 crore in the fourth quarter.Commenting on the performance, Alkem Labs CEO Vikas Gupta said, “We ended the year on a good note, with healthy growth
Markets regulator Sebi has barred Bollywood actor Arshad Warsi, his wife Maria Goretti, and 57 other entities from the securities markets for 1-5 years in a case related to misleading videos on YouTube channels recommending investors to buy shares of Sadhna Broadcast. The regulator imposed a fine of Rs 5 lakh each on Warsi and his wife Maria. The couple were restrained by the markets watchdog from the securities market for 1 year, as per an order passed by Sebi on Thursday. Sebi has also levied penalties of Rs 5 lakh to Rs 5 crore on 57 other entities, including promoters of Sadhna Broadcast (now Crystal Business System Ltd). Apart from the debarment, Sebi directed these 59 entities to disgorge total unlawful gains worth Rs 58.01 crore along with 12 per cent interest per annum jointly and
U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy. Here is a timeline of the major developments: February 1 - Trump imposes 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, demanding they curb the flow of fentanyl and illegal immigrants into the United States. February 3 - Trump suspends his threat of tariffs on Mexico and Canada, agreeing to a 30-day pause in return for concessions on border and crime enforcement. The U.S. does not reach such a deal with China. February 7 - Trump delays tariffs on de minimis, or low-cost, packages from China until the Commerce Department can confirm that procedures and systems are in place to process them an
