Vivek Sharma

Exide Industries Q1 Results: Profit surged 15% YoY, but missed the Analysts’ expectations

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Exide Industries Q1 Results:  Profit surged 15% YoY

Exide Industries’ Q1 FY25 results, announced on July 30, 2024, showcased a mixed performance, the company reported a 15% year-on-year increase in standalone net profit, reaching ₹280 crore. However, this figure fell short of analyst expectations, who had predicted an average profit of ₹331 crore. Exide Industries Q1 FY25 Results Key Points: Profit Increase: Exide Read more: Exide Industries Q1 Results: Profit surged 15% YoY, but missed the Analysts’ expectations..

OpenAI’s SearchGPT is likely to pose a short-term challenge for Google

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OpenAI's SearchGPT is likely to pose a short-term challenge for Google – Wedbush says

Wedbush, a financial services firm, has recently stated that the introduction of OpenAI’s SearchGPT is likely to pose a short-term challenge for Google. This is due to investor uncertainty about the potential threat SearchGPT poses to Google’s dominance in the search engine market. Wedbush believes that SearchGPT will create uncertainty and pressure on Google’s stock Read more: OpenAI’s SearchGPT is likely to pose a short-term challenge for Google..

Global gold demand rises 4% in Q2 2024, reported by World Gold Council

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Global gold demand rises 4% in Q2 2024, reported by World Gold Council

The World Gold Council (WGC) reported a 4% year-on-year increase in global gold demand for Q2 2024, reaching 1,258 tonnes, the highest for a second quarter in their data series.  This surge was primarily fueled by:   Robust over-the-counter (OTC) transactions: OTC demand saw a significant increase of 53%, reaching 329 tonnes, countering the impact Read more: Global gold demand rises 4% in Q2 2024, reported by World Gold Council..