News Overview

Analysts of IIFL Capital Services expect Indus to reinstate dividend from FY25 as it again starts generating healthy FCF (dividend payout policy is 100% of FCF). The stock is attractive at 4.5%/7.2% FY25/26 dividend yield.

Biomm's Nova Lima production facility is dedicated to the development, manufacture, and commercialization of complex biotech and biosimilar medicinal products.

Ruchir Tiwari will continue to oversee the Hindi Movies cluster, while Vishnu Shankar will lead Hindi GEC and TV, as well as the FTA section.

Overall MF AUM fell in March, but retail shares further improved in the month.

Aggarwal also restated the company's goal of reaching an annual Group EBITDA of $7.5 billion within two years

U.S. oil futures were trading 2 cents higher at $82.71 a barrel, while Brent futures were up 10 cents, or 0.11%, at $87.39 a barrel.

Sequential revenues to remain broadly flat.

Loretta Mester, president of the Cleveland Federal Reserve Bank, stated that she anticipates price pressures to lessen further this year, enabling the Fed to lower borrowing costs

This move comes after receiving approval from the National Payment Corporation of India (NPCI), indicating a strategic shift in Paytm's operational framework.

A string of solid U.S. economic data and ongoing inflation have dampened expectations of rate decreases in the foreseeable future