Latest from Business Upturn
Business Upturn
an hour ago
- Business
- Business Upturn
Dow Jones falls while Nasdaq rises on Nvidia boost
The stock market had a mixed day on Tuesday, with the Dow Jones Industrial Average slipping while the Nasdaq climbed, thanks in part to strong gains in Nvidia. Investors were reacting to a mix of economic data and bank earnings, with inflation data and financial sector results giving people reason to pause. The Dow fell by 313 points, or 0.5%, weighed down by inflation concerns and underwhelming bank earnings. Meanwhile, the Nasdaq gained 0.5%, lifted by a more than 4% rise in Nvidia shares after the chipmaker announced that it hopes to resume sales of its H20 GPUs to China soon. The S&P 500 edged down 0.1%, despite touching a new record high earlier in the session. New inflation numbers for June were released, showing a monthly rise of 0.3%, which puts annual inflation at 2.7%, in line with expectations. However, this was still an uptick compared to May. Core inflation, which excludes food and energy prices, rose 0.2% from the previous month and 2.9% from the year before. Experts say while the numbers met forecasts, they still reflect a slight heat-up in inflation, possibly due to tariffs that haven't fully shown up in the data yet. Big banks reported earnings, but most of the results disappointed investors. Wells Fargo beat expectations but lowered its outlook for interest income, sending its stock down over 4%. JPMorgan also posted better-than-expected numbers, but its shares slipped slightly. BlackRock tumbled more than 6% after missing on revenue. Citigroup was the exception, with its stock rising about 1% after beating estimates. Despite the weak bank results, Wall Street is cautiously hopeful that the overall second-quarter earnings season will help keep the stock market near its record highs. Analysts predict the S&P 500 will show earnings growth of about 4.3% compared to last year, not huge, but still positive. One technical signal from the S&P 500 is raising eyebrows. The index has stayed above its 20-day moving average for 55 days straight, the longest stretch since early 2021. Analysts at BTIG say this kind of streak is usually bullish in the long run, but it could mean a short-term pullback is coming. They expect some market choppiness as we move into late July and August. In individual stock news, MP Materials soared over 25% after landing a $500 million deal with Apple to supply rare earth magnets made from recycled materials. The magnets will be produced at MP's plant in Fort Worth, Texas. This follows another recent boost for MP when the Pentagon took an equity stake in the company, sending its stock up nearly 50% last week. Meanwhile, former President Donald Trump chimed in on the inflation report, using it as an opportunity to once again call on the Federal Reserve to cut interest rates. He argued on his Truth Social platform that rates should be cut by 3 full percentage points to save the U.S. economy money and support growth. His comments came after the June CPI report showed moderate price increases that, while not alarming, were higher than the previous month. All in all, it was a day of mixed messages for the markets, with solid tech performance offset by concerns about inflation, rate policy, and bank earnings.
Business Upturn
2 hours ago
- Business
- Business Upturn
Just Dial Q1 FY26 Results: Revenue up 6% YoY to Rs 298 crore, Net Profit up 13% YoY
Just Dial reported a strong financial performance for the quarter ended June 30, 2025, with net profit climbing to ₹159.6 crore, compared to ₹141.2 crore in the same quarter last year. The company's total income rose to ₹425.17 crore from ₹367.44 crore a year ago, supported by higher operational revenues and other income. Just Dial reported its unaudited financial results for the quarter ended June 30, 2025, showing strong growth in profitability and revenues. Net Profit (Q1 FY26) : ₹159.6 crore, up from ₹141.2 crore in Q1 FY25. Total Income (Q1 FY26) : ₹425.17 crore, compared to ₹367.44 crore in Q1 FY25. Net Revenue from Operations : ₹297.86 crore, up from ₹280.57 crore in Q1 FY25. Other Income: ₹127.31 crore, higher than ₹86.87 crore in Q1 FY25. Key expense highlights: Employee Benefits Expense : ₹180 crore (vs ₹172.87 crore YoY) Total Expenses: ₹226.26 crore (vs ₹213.52 crore YoY) Profit Before Tax (PBT): ₹198.91 crore for Q1 FY26, up from ₹153.89 crore in Q1 FY25. Tax Expense: ₹39.26 crore in Q1 FY26, higher than ₹12.67 crore in Q1 FY25. The company's results indicate robust growth in both revenue streams and profitability while keeping operating expenses in check. Net revenue from operations stood at ₹297.86 crore, marginally up from ₹280.57 crore in Q1 FY25, while other income increased to ₹127.31 crore from ₹86.87 crore in the prior year. Expenses also edged up, with employee benefits expense at ₹180 crore versus ₹172.87 crore earlier and total expenses at ₹226.26 crore compared to ₹213.52 crore last year. Profit before tax came in at ₹198.91 crore, an improvement over ₹153.89 crore in Q1 FY25. After accounting for a tax expense of ₹39.26 crore, the company posted a net profit of ₹159.6 crore, reflecting its continued operational efficiency and steady revenue growth. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
4 hours ago
- Entertainment
- Business Upturn
Dark Matter Season 2: Release date rumors, cast updates and what to expect next
Okay, Dark Matter fans, let's talk about that Season 2 itch we're all scratching. If you're anything like us, the Season 1 finale on Apple TV+ left you floored—multiverses, rogue Jasons, and that heart-pounding family escape had us all glued to the screen. With Joel Edgerton and Jennifer Connelly killing it, the show's a sci-fi gem, and the good news? Season 2 is coming! But when? Who's back? And what's next? Here's the full rundown on Dark Matter Season 2 based on everything floating around right now. Is Dark Matter Season 2 Happening? Advertisement Yup, it's official! Apple TV+ gave Dark Matter the green light for Season 2 back in August 2024, not long after Season 1 wrapped on June 26, 2024. The show's a crowd-pleaser, rocking an 82% on Rotten Tomatoes and a solid 7.7/10 on IMDb. Fans (myself included) can't get enough of its mix of brainy sci-fi and raw family drama, so Apple's betting big on more. Dark Matter Season 2 Potential Release Date No exact date yet, but let's piece it together. Filming started in Chicago in February 2025—Blake Crouch and Joel Edgerton spilled the beans on X. They're likely wrapping up by summer 2025. Season 1 took about 13 months from filming (October 2022 to April 2023) to hitting screens in May 2024. If Season 2 follows that pace, we're looking at fall 2025 for a premiere. Dark Matter Season 2 Cast Updates The core cast is expected to return, bringing continuity to the multiverse saga. Here's who we're likely to see again: Joel Edgerton as Jason Dessen (and his alternate versions): The physicist navigating alternate realities is the heart of the show, and Edgerton's dual role as star and executive producer ensures his return. Jennifer Connelly as Daniela Dessen: Jason's wife, a fan favorite, will continue to anchor the emotional stakes. Oakes Fegley as Charlie Dessen: The Dessen family's son is set to return as they face new challenges in an unknown universe. Alice Braga as Amanda Lucas: Her expanded role in Season 1 (compared to the novel) and her cliffhanger with Ryan suggest she'll play a big part in Season 2. Jimmi Simpson as Ryan Holder: With a more prominent role than in the book, Ryan's story in the multiverse is far from over. Dayo Okeniyi as Leighton Vance: His character's multiverse adventures were teased in the finale, hinting at a larger role. Amanda Brugel as Blaire: Promoted to a recurring role after appearing in Season 1, she's likely to explore the multiverse further. New faces may join the cast, as the multiverse allows for endless variations of characters. We'll update this section as casting news drops. What to expect in Dark Matter Season 2? Season 1 stuck close to Blake Crouch's 2016 novel, wrapping up its main plot but leaving us hanging with Jason, Daniela, and Charlie stepping into an unknown universe. Since there's no sequel book, Season 2 is charting new territory, which has fans both excited and nervous. Here's what we might see: The Dessen Family's New Reality: Where did Jason, Daniela, and Charlie land? The finale left their destination ambiguous, but they likely chose a universe where their alternate selves don't exist. Season 2 could explore their struggle to adapt to this new world and whether they're truly safe from other Jasons. Amanda and Ryan's Journey: Their unexpected reunion in the finale hints at a deeper story. Will they team up to navigate the multiverse or face new threats? Multiverse Expansion: With characters like Leighton, Dawn, and Blaire interacting with the Box, Season 2 could dive into new realities and their consequences. Expect more 'mind-bending realities' as promised by Crouch. Blake Crouch, who's writing and running the show, has promised a 'deeper dive' into the characters' lives. He expanded roles like Amanda's in Season 1 without losing the book's spirit, so there's hope he'll keep Season 2 fresh yet true to the vibe. On X, he's teased 'more twists' and a focus on survival, which sounds like classic Dark Matter.
Business Upturn
4 hours ago
- Business
- Business Upturn
TCS and MIT Sloan launch research series, unveil roadmap for human-AI collaboration in enterprises
By Aditya Bhagchandani Published on July 15, 2025, 18:36 IST Tata Consultancy Services (TCS) and MIT Sloan Management Review (MIT SMR) have announced a collaborative research series exploring the evolving relationship between humans and AI in enterprises. The findings reveal that artificial intelligence (AI) is moving beyond its traditional role as a support tool and emerging as an architect of strategic business decisions. In a year-long, multi-sector study covering industries like manufacturing, retail, BFSI, healthcare, energy, and technology, TCS and MIT SMR examined how generative and predictive AI are transforming decision-making. The research involved leaders from companies like Walmart, Meta, Mastercard, and Pernod Ricard, uncovering how AI-enabled 'Intelligent Choice Architectures' (ICAs) are being used to improve organizational decisions. The study identifies a paradigm shift: AI now helps create better decision environments rather than simply automating tasks. These ICAs support enterprises in making smarter, faster, and more accountable choices by predicting outcomes, suggesting options, and clarifying trade-offs. Some notable examples include: Retail: Walmart and Pernod Ricard use ICAs to personalize customer experiences, identify talent, and refine marketing campaigns. Manufacturing: Companies like Cummins are using generative AI to simulate extreme product design scenarios and optimize supply chains. BFSI: Mastercard and Liberty Mutual leverage ICAs for fraud prevention, compliance, and improved customer care. Healthcare: ICAs assist scientists in drug discovery and diagnostics, cutting discovery times and costs significantly. Telecom: BT uses an AI assistant named 'Aimee' to handle customer interactions, while Meta integrates ICAs to accelerate product decisions. According to Ashok Krish, Head of AI Practice at TCS, 'ICAs shift AI from task automation to building superior decision environments for complex situations, ensuring trackable, traceable outcomes that align with organizational goals.' This initiative builds on TCS's ongoing collaboration with MIT SMR, extending its focus to creating human-centric AI systems that foster transparent, informed, and accountable decision-making. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
4 hours ago
- Automotive
- Business Upturn
Dixon Technologies signs binding term sheet with Chongqing Yuhai for JV to manufacture precision components for laptops and mobiles
By Aditya Bhagchandani Published on July 15, 2025, 18:32 IST Dixon Technologies (India) Limited has signed a binding term sheet with Chongqing Yuhai Precision Manufacturing Co. Ltd. to form a prospective joint venture (JV) in India. The JV aims to manufacture and supply precision components for laptops, mobile phones, IoT devices, automotive applications, and other mutually agreed products. According to the agreement, Dixon will hold a 74% stake in the JV, while Chongqing will hold the remaining 26%. The JV is subject to necessary statutory approvals and the signing of definitive agreements. The partnership will focus on manufacturing precision mechanical and metal parts and components for a broad range of applications, aligning with Dixon's strategy of localisation and supporting the Government's 'Make in India' initiative. Commenting on the announcement, Mr. Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies, said: 'We are delighted to announce our strategic collaboration with Chongqing Yuhai through this prospective joint venture. This step strengthens our journey to deepen India's electronics manufacturing ecosystem through high-precision components and advanced technologies. It combines Chongqing's technical expertise with Dixon's robust manufacturing infrastructure and customer access to create long-term value for customers and stakeholders.' The JV marks another milestone in Dixon's strategy to integrate backward in its value chain while expanding its manufacturing capabilities in high-precision electronics components. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
