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Documentary photograph: Ola Electric Drops 6 Following Goldman Sachs Downgrade

Business & Finance

Oct 24•5 min read

Ola Electric Drops 6% Following Goldman Sachs Downgrade

Wall Street brokerage cuts EV maker to Sell rating and lowers price target as market share pressures mount.

Coforge Posts 56.5% Profit Surge on Record Deals

Fresh order intake crossed $1 billion during the September quarter as the mid-tier IT services firm raised long-term margin guidance.

Zerodha's Nikhil Kamath Backs Rival Groww in Expansion

Billionaire broker urges wider retail participation across long-term investments, trading, and speculation to deepen Indian capital markets.

Meta Ordered to Pay $25B Fine Over Cambridge Analytica Case

A New Mexico court directs record-shattering civil penalties against the social media giant over long-running consumer privacy violations.

Bond Yield Surge Threatens Big Tech AI Stock Valuations

Rising Treasury returns challenge high-multiple technology equities as borrowing costs pressure corporate capital expenditure.

US Consumer Sentiment Drops to 48.0 as Fuel Costs Escalate

Persistent inflation fears linked to Middle East conflict push household economic confidence near historic lows ahead of Federal Reserve rate decisions.

Global Business Travel Q2 Revenue Climbs as Earnings Stall

Higher corporate travel booking volumes lift top-line sales while operational costs keep net margins flat.

Telangana Cotton Hits Record ₹9,260: MSP Surpassed in Adilabad

Raw cotton prices surge past the central support price by ₹593 per quintal as competitive private bidding sweeps agricultural market yards.

RBI Deploys Rural Finance Drive in Jammu to Curb Shadow Lending

The central bank brings formal credit, insurance, and digital tools directly to unbanked villagers across Jammu.

RBI Jammu Launches Financial Inclusion Drive in Shamachak

The central bank initiates a grassroots campaign at Gurha Singhu to bring full banking access and safety nets to rural households.

Olenox Expands Bitcoin Mining in Energy Strategy Push

The industrial operator posted fresh operational figures for September as recent power asset takeovers reshape its digital footprint.

SpaceX Valuation Surge Fuels Broader Equity Rallies

Elon Musk's aerospace giant lifts investor sentiment across tech and defense equities as private valuation gains spill into public market portfolios.

Gudur MPTC Polls: Nominations Filed Under Strict Security

Electoral officials and police enforce heavy bandobast to prevent rural faction clashes in Andhra Pradesh local body election.

American Airlines Projects Wider Full-Year Loss as Surging Fuel Costs Erase Record Passenger Sales

Persistent jet fuel price spikes outweigh peak travel demand, forcing management to lower annual profitability forecasts.

Hindustan Zinc Net Profit Surges Past Doubling on Higher Metal Realizations and Cost Reductions

Mining major lowers full-year operating expense guidance as quarterly margins expand across zinc and silver operations.

Jaiprakash Power Ventures Profit Falls 81% to Rs 33 Crore as Exceptional Bad Bank Provision Offsets Revenue Gains

A one-time charge linked to bad-bank debt transfers hits quarterly earnings despite steady top-line growth.

Volvo Cars Stock Tumbles 28 Percent Following Profit Slump in China and Expanded Restructuring

The Swedish automaker announces workforce reductions after weakening demand in Beijing and North America drains operating cash flow.

Finnish State Research Pipeline Funnels Deep-Tech Spinouts Toward Public Markets

State-backed VTT converts lab breakthroughs into commercial enterprises as Nordic deep-tech ventures target international exchanges.

Jaiprakash Power Ventures Profit Falls 81% on Exceptional Debt Charge Despite Modest Revenue Gain

A one-time bad-bank resolution expense cuts net income to ₹33 crore as shares record a 30% drop over six months.

New Mexico Secures Historic $25 Billion Judgment Against Meta Over Child Safety Violations

A state court issues an unprecedented fine against the social media giant, testing the limits of corporate liability in digital exploitation claims.

SpaceX Lifts Quarterly Profit With $561 Million Accounting Gain on Boring Company Holding

Paper valuation adjustment from Elon Musk's tunneling venture delivers substantial balance sheet boost to the private aerospace contractor.

Zagreb Equity Indices Retreat as Sellers Lock In Gains on Koncar and Adris Shares

Selling pressure on blue-chip industrials and conglomerates halts recent market momentum on the Zagreb Stock Exchange.

Kuehne+Nagel Expands Operating Margins on Strong Third-Quarter Freight Demand

Swiss logistics giant posts higher quarterly earnings as sea and air freight networks rebound.

Ohio Engineer Transforms 34 Wooded Acres into $700,000 Vacation Rental Enterprise

Bryant and Amy Gingerich turned scenic parcel Dunlap Hollow into a profitable hospitality retreat generating $350,000 in net earnings.

Moderna Tumbles on Leaked Cancer Vaccine Trial Results Before Full Disclosure

Shares dropped sharply following an unauthorized data leak, despite positive clinical metrics confirmed in later official filings.

Big Tech Slump Drags Wall Street Lower as Nvidia, Tesla, and Meta Spark Broad Sector Pullback

Valuation scrutiny and heavy capital spending trigger steep intraday drops across major benchmark equity indices.

Elon Musk Backs Skydance Media With $1 Billion Injection Amid Industry Cost Pressures

Billionaire entrepreneur injects fresh private capital into the film and production studio to steady operations and reinforce share performance.

Investors Step Back Into Data Center Equities as Analyst Upgrade Signals Rebound in AI Infrastructure

Market participants resume selective acquisitions in high-performance computing hardware following weeks of portfolio consolidation.

Cyient Posts Lower Second-Quarter Profit Despite Revenue Gains and Approves ₹12 Interim Payout

Engineering services firm absorbs operational cost pressures while returning capital to shareholders following Q2 financial review.

Central Bank Cuts Benchmark Policy Rate After Extended Nine-Month Pause

Monetary authorities pivot toward easing as headline price pressures moderate, ending a three-quarter standstill.

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