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Danish pharmaceutical company Novo Nordisk A/S, maker of blockbuster weight loss drug Wegovy, said Friday its CEO was stepping down by “mutual agreement” with the company’s board of directors, citing “recent market challenges” and a steep decline in the company’s share price. Lars Fruergaard Jorgensen’s departure comes a week after the company downgraded its sales…
Zomato Q4 Results: Zomato, now known as Eternal, on Thursday, May 1, posted a sharp decline of 78% year-on-year (YoY) in its January-March quarter of the financial year 2024-25 (FY25) to ₹39 crore, largely on account of the accelerated investments in its quick-commerce business Blinkit. Moreover, the slowdown in the food delivery business also has…
Construction stocks :Road construction majors as PNC Infratech Ltd, Ashoka Buildcon, IRB Infrastructure Developers Ltd, KNR Constructions Ltd and others have seen their share price decline 10-36% year to date in 2025. While steep correction in the markets has also contributed to this decline, the rising competition is often sighted as a concern on margins….