Tuesday, November 26
Locked in a tight race for the U.S. Senate in Ohio, Republican candidate Bernie Moreno got a major boost in the weeks before the election: $40 million from the cryptocurrency industry. The money, which funded ads that aired across Ohio, was the most ambitious effort in an audacious multistate campaign by crypto firms to influence dozens of crucial congressional races. On Tuesday, that push was rewarded as Moreno, a longtime crypto enthusiast, defeated Sen. Sherrod Brown, a Democrat who chairs the influential Senate Banking Committee and has called for strict oversight of crypto companies. "The crypto army is striking," Tyler Winklevoss, a crypto executive, cheered on social media. A spokesperson for the leading crypto super political action committee blasted out the Ohio results in an emai
Shares of the newly-listed Waaree Energies fell by 6.4% to their day’s low of Rs 3,400.50 even as the company secured an order for supply of modules upto 180 Mwp from a renowned customer engaged in the business of owning, developing and operating renewable power projects in India.The supply of modules is scheduled to commence at the end of November 2024 and complete in Q4 of FY 2025, the company said in an exchange filing.On Wednesday, Waaree Energies' market capitalization surpassed Rs 1 lakh crore. The stock, which debuted on October 28 at Rs 2,550 on the BSE—representing a premium of 69.7% over the IPO issue price of Rs 1,503—has surged by about 49% in the past week amid sustained buying in the solar power sector.The Rs 4,321 crore IPO received an overwhelming response, attracting
This year is "virtually certain" to eclipse 2023 as the world's warmest since records began, the European Union's Copernicus Climate Change Service (C3S) said on Thursday. The data was released ahead of next week's U.N. COP29 climate summit in Azerbaijan, where countries will try to agree a huge increase in funding to tackle climate change. Donald Trump's victory in the U.S. presidential election has dampened expectations for the talks. C3S said that from January to October, the average global temperature had been so high that 2024 was sure to be the world's hottest year - unless the temperature anomaly in the rest of the year plunged to near-zero. "The fundamental, underpinning cause of this year's record is climate change," C3S Director Carlo Buontempo told Reuters. "The climate is warmi
Shares of Apollo Hospitals surged 6% to their all-time high of Rs 7,396.30 on the BSE after the company reported a 63% year-on-year (YoY) jump in net profit to Rs 379 crore in Q2FY25, led by its hospital business.The company reported a net profit of Rs 233 crore in the corresponding quarter of the previous year.The earnings before interest, tax, depreciation and amortization (EBITDA), EBITDA rose 30% YoY to Rs.816 crore in Q2FY25.The healthcare services business (hospital business) revenue grew 14% YoY to Rs 2,903 crore in Q2FY25. The EBITDA margins for the healthcare services business stood at 24.9%.The overall occupancy for hospitals was at 73% vs 68% in the same period in the previous year, aided by a strong increase in patient flows across hospitals with inpatient (IP) volume increasin
