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Novo Nordisk, the maker of Wegovy, plans a major restructuring. The company will cut 9,000 jobs globally. This move aims to save 8 billion Danish crowns annually. The restructuring will simplify the organisation. It will also speed up decision-making. Novo Nordisk faces increasing competition from Eli Lilly.
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News and Media
Vikram Solar's share price rose sharply on Wednesday after the recently listed company posted a stellar Q1, with net profit soaring 484% YoY to Rs 133 crore and revenue climbing 80% to Rs 1,134 crore. Strong policy support, rising energy demand, and fresh solar module orders lifted investor sentiment.
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News and Media
US President Trump confirmed ongoing trade negotiations with India, saying that they will be completed soon. Prime Minister Modi echoed optimism and said talks could unlock the full potential of the India-US partnership, boosting investor sentiment on the D-Street.
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News and Media
Groww Mutual Fund introduces its Multi Asset Allocation Fund, open for subscription until September 24, investing across equity, debt, commodities, REITs, and InvITs, aiming for long-term capital appreciation. Experts suggest considering existing funds with established track records, while acknowledging the diversification benefits for moderate risk-tolerant investors seeking a balanced portfolio in volatile markets.
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News and Media
India's fixed-income market is currently in a favorable position due to low inflation, supportive policies, and consistent domestic and foreign demand. Investors should aim for a balance of carry, quality, and tactical flexibility by building a solid core, selectively adding duration, and maintaining cash reserves to capitalize on volatility. This approach will define performance in the coming year.
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News and Media
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