Latest Updates Around The World
The Indian auto sector has entered a phase of cautious optimism following the Goods and Services Tax (GST) rate cuts, which revived demand across segments. Investor sentiment, especially among foreign institutional investors (FIIs), has turned constructive as volume growth rebounds on the back of festive momentum, price reductions and improving rural sentiment. The most visible […]
Gold posted a nine-week winning run after a sharp correction as the market revalued a rally that had pushed the metal into overbought territory. Bullion pared losses on Friday after a softer-than-expected US inflation report boosted bets on further monetary easing by the US Federal Reserve. Bond yields fell slowly as traders assess a high […]
Wall Street hit record highs on Friday, buoyed by cooler inflation data that reinforced expectations of faster rate cuts from the Federal Reserve, while Intel’s upbeat earnings kept momentum alive in AI-related stocks. Softer-than-expected inflation for September reinforced expectations that the Fed will cut rates again next week. Traders brought forward their forecasts, now anticipating […]
Hindustan Coca-Cola Beverages Ltd, the bottling arm of beverage giant Coca-Cola in India, reported a 73 per cent decline in net profit to Rs 756.64 crore in financial year 2024-25. Operating revenue fell 9 percent to Rs 12,751.29 crore, according to a regulatory filing by the company. Total revenues, including other income, fell 9.63 per […]
Securities and Exchange Board of India (Sebi) has allowed portfolio managers to transfer their Portfolio Management Services (PMS) businesses after regulatory approval. In a circular today, the market watchdog said the initiative is part of its broader efforts to promote ease of doing business and simplify compliance across the capital market ecosystem. Under the new […]
Utkarsh Small Finance Bank plans to allot shares to a group of investors, including a fund house run by Madhusudan Kela, the Massachusetts Institute of Technology and HDFC Life, through a rights issue of Rs 949 crore, the lender said on Friday. The other investors include FLC Investco, Kotak Mahindra Life Insurance and ICICI Prudential […]
Intel shares rose as much as 7.8% in early trading Friday, hitting an 18-month high, as investors rallied behind CEO Lip-Bu Tan’s aggressive cost-cutting measures that helped the chipmaker beat quarterly profit expectations and regain stability amid a wave of high-stakes bets on future growth. The results mark a turning point for Intel, which has […]
Markets watchdog Sebi on Friday proposed changes to align regulations for entities issuing non-convertible securities, standardizing the process for handling unclaimed amounts by allowing their transfer only after seven years from the maturity date. In its consultation paper, the regulator has proposed amendments to the Listing Obligations and Disclosure Requirements (LODR) Regulations to bring it […]
India’s largest life insurer Life Insurance Corporation (LIC) has increased its stake in FMCG companies Tata Consumer Products and Dabur India, according to filings of both companies with the stock exchanges. LIC has increased its stake in Tata Consumer by 2.012% to 8.645% from 6.633% earlier. The additional stake amounts to over 1.99 crore shares. […]
US shares hit records on Friday after the UN update on inflation turned out to be slightly less painful than feared. The S&P 500 rose 0.8% and was on track to surpass the all-time high reached earlier this month. The Dow Jones Industrial Average added 267 points, or 0.6%, also heading toward its own record, […]
