Dismissing an appeal against a CCI order, in which the regulator had closed a complaint against Swiss pharma major Citing the earlier judgments, NCLAT said: "Considering the judgment of the Delhi High Court in the case of Telefonaktiebolaget LM Ericsson (PUBL) and the Supreme Court in the SLP No. 25026/2023, it is apparent that the CCI lacks the power to examine the allegations made against Vifor International (AG)." NCLAT, which is an appellate authority over the orders passed by CCI, said Vifor Internati ...

Core Insights - November 2025 features a diverse lineup of highly anticipated OTT releases across major streaming platforms, including Netflix, SonyLIV, and Prime Video, catering to various audience preferences [11] Netflix Releases - **Squid Game: The Challenge Season 2** premieres on November 2, featuring 456 contestants competing for a $4.56 million prize, promising intense drama and challenges [1] - **Stranger Things Season 5**, the final season, releases its first four episodes on November 26, with subsequent episodes on December 25 and January 1, offering an emotional conclusion to the beloved series [2] - **Baramulla**, a supernatural mystery set in Kashmir, debuts on November 7, following a police investigation into a boy's disappearance, intertwining ancient legends and personal struggles [3] - **The Beast In Me**, a psychological thriller, streams from November 13, focusing on a businessman accused of murder who uncovers disturbing truths about his neighbors [4] - **Death By Lightning**, a true-crime drama about the assassination of President James Garfield, releases on November 6, promising gripping storytelling [9] - **Delhi Crime Season 3**, available from November 13, explores international human trafficking, featuring a new antagonist played by Huma Qureshi [10] SonyLIV and Prime Video Releases - **Maharani Season 4** on SonyLIV sees Huma Qureshi's character navigating political challenges in Delhi, facing betrayal and conspiracies [5] - **The Mighty Nein**, an animated series on Prime Video, releases on November 19, featuring a group of heroes on a quest to save the world [6] - **The Family Man Season 3** arrives on Prime Video on November 21, introducing new enemies and maintaining a balance between action and family life [7]

Core Insights - Navan (NAVN) shares experienced a significant decline on their opening trading day, losing 20% of their value despite ongoing rapid growth in their travel, payment, and expense management platform [1] Group 1: Company Performance - Navan's stock performance on the first trading day was notably poor, with a loss of one-fifth of its value [1] - The company continues to show rapid growth in its all-in-one travel, payment, and expense management services [1] Group 2: Investment Opportunities - The investment group "Value In Corporate Events" focuses on identifying actionable ideas from major corporate events such as IPOs, mergers, and earnings reports [1] - The group provides coverage of approximately 10 major events each month, aiming to find the best investment opportunities [1]

Core Viewpoint - Prosperity Bancshares (NYSE: PB) has experienced a decline of approximately 5% in its share value since the last update in the summer, indicating a frustrating performance for investors [1]. Company Performance - The recent performance of Prosperity Bancshares' shares contrasts with the company's business performance, suggesting that the market may not be accurately reflecting the underlying business fundamentals [1]. Investment Strategy - The investment approach favored is a long-term, buy-and-hold strategy, particularly focusing on stocks that can consistently deliver high-quality earnings, often found in the dividend and income sectors [1].

Group 1 - The combined market valuation of four of the top 10 valued firms increased by ₹95,447.38 crore, with Reliance Industries being the largest gainer [1] - Reliance Industries' market valuation rose by ₹47,431.32 crore to ₹20,11,602.06 crore, while State Bank of India added ₹30,091.82 crore to reach ₹8,64,908.87 crore [2] - Bharti Airtel's market capitalization climbed by ₹14,540.37 crore to ₹11,71,554.56 crore, and LIC's valuation increased by ₹3,383.87 crore to ₹5,65,897.54 crore [2] Group 2 - Bajaj Finance's valuation decreased by ₹29,090.12 crore to ₹6,48,756.24 crore, and ICICI Bank's market capitalization fell by ₹21,618.9 crore to ₹9,61,127.86 crore [2] - Infosys' valuation dropped by ₹17,822.38 crore to ₹6,15,890 crore, while Hindustan Unilever's valuation eroded by ₹11,924.17 crore to ₹5,79,561.93 crore [3] - HDFC Bank's market capitalization declined by ₹9,547.96 crore to ₹15,18,679.14 crore, and TCS dipped by ₹1,682.41 crore to ₹11,06,338.80 crore [3]

Core Insights - Canadian Imperial Bank of Commerce (CM) has experienced a 14% increase in stock price within two months since the last analysis, indicating positive market sentiment towards the bank [1]. Group 1: Company Overview - The Canadian Imperial Bank of Commerce is noted for its significant stock performance, reflecting investor confidence and market dynamics [1]. Group 2: Analyst Background - The analyst has nearly two decades of experience in the logistics sector and a decade in stock investing and macroeconomic analysis, focusing on various markets including ASEAN and NYSE/NASDAQ [1]. - The analyst has diversified investments across different industries and market capitalizations, including banking, telecommunications, and retail sectors [1].

Core Insights - Eldorado Gold Corporation is a mid-tier gold and base-metals producer with diversified operations in Turkey, Canada, and Greece, appealing to a wide range of investors [2][3][43] - The company has shown renewed operational momentum in 2025, supported by revenue growth and a disciplined capital allocation strategy, including buybacks and project investments [2][10] - Eldorado's operational profile includes a mix of conventional gold operations and polymetallic production, which helps in managing costs and enhancing cash flow [6][17] Company Overview - Eldorado Gold Corporation is publicly traded on the Toronto Stock Exchange under the ticker TSX:ELD, with a market capitalization of approximately CAD 5.15 billion [3][9][34] - The company operates key mines such as Kışladağ, Efemçukuru, the Lamaque Complex, and Olympias, utilizing both open-pit and underground production methods [3][5] - The asset mix includes high-grade underground operations and bulk-tonnage open pits, providing a balance of cost and grade exposure [6][18] Financial Performance - Recent net sales are reported in the range of approximately US$1.7–1.8 billion, with net income between US$300–360 million for recent periods [9][11][12] - The company has a P/E ratio of 12.3x for 2025, with a forward P/E estimate near 6.7x for 2026 [11][12] - Eldorado has historically not positioned itself as a high-dividend payer, focusing instead on capital for development spending and share buybacks [11][40] Operational Strategy - The operational strategy emphasizes cost control, commodity diversification, and staged project execution, with by-product credits from polymetallic production helping to reduce effective gold cash costs [17][21] - Key operational features include a focus on production growth initiatives and capital allocation decisions, with regular comparisons to peers like Gold Fields and AngloGold Ashanti [7][10] - The company has a development pipeline that includes projects like Perama Hill and Skouries, which can extend mine life and improve production profiles if permitted and financed [6][22] Market Position - Eldorado's mid-cap scale garners attention from specialized resource funds and analysts tracking the metals sector, with its market position providing exposure to gold with operational diversification [29][33] - The company is often compared to larger gold producers like Barrick Gold and Newmont Corporation, with distinct advantages in its asset mix and production capabilities [31][39] - Index membership on the TSX influences passive fund ownership and visibility among institutional investors [29][30]

Core Insights - boAt is preparing for its IPO with a focus on profitability and growth, having adjusted its expectations from an initial target of INR 3,500 Cr to INR 1,500 Cr [2][3] - The company has shifted its strategy towards domestic manufacturing and reducing its reliance on imports, which has contributed to improved profitability [5][8] Company Strategy - boAt started as a consumer audio brand in 2015 and has since diversified into various electronics, including smartwatches and chargers [4] - The company has reduced its product offerings to focus on quality and localization, with a target of 50% of products assembled in India by FY26 [7][20] - Gross margins improved from 22.6% in FY23 to 29.23% in FY25, while EBITDA margins increased from 2.7% to 4.64% during the same period [8] Financial Performance - boAt achieved positive cash flow from operations of INR 441.5 Cr in FY25, a significant turnaround from a negative cash flow of INR 18.1 Cr in FY23 [8][11] - Revenue from wearables peaked at INR 901 Cr in FY23 but has since declined significantly, impacting overall revenue growth [16][17] Market Position - boAt holds a 26% value share and a 34% volume share in the Indian audio accessories market as of FY25, but faces increasing competition from both global and domestic brands [22] - The company’s audio segment accounts for approximately 84% of total revenue, indicating a heavy reliance on this category [20][26] Challenges Ahead - The company must navigate intensifying competition and a market shift towards lower-priced alternatives, particularly in tier II and III markets [22][23] - boAt's dependence on online sales remains high, with nearly 70% of sales coming from e-commerce platforms, which poses risks related to pricing control and market fluctuations [24][25] - Limited product diversification could hinder long-term growth, as the company needs to explore premium categories to enhance margins [26][28]

Core Viewpoint - The ASX 200 Index has experienced significant downward pressure, dropping from a year-to-date high of $9,113 on October 22 to a current level of $8,865, marking its lowest point since October 15 [1] Group 1 - The ASX 200 Index has declined by approximately 2.73% from its peak [1]

Core Viewpoint - The Vanguard Long-Term Corporate Bond Index Fund ETF (VCLT) is highlighted as a suitable option for investors seeking exposure to long-term US corporate credit [1] Group 1 - VCLT is designed to invest in very long-term US corporate credit [1]