Latest Updates Around The World
Bank of America (BofA) on Thursday bought over 5.62 lakh shares worth Rs 13 crore in smallcap stocks EPack Prefab Technologies in a bulk deal. The stock was bought through its subsidiary BofA Securities Europe SA at a price of Rs 233.82 per piece, which is a 15% premium over the last closing price of […]
Shares of Tesla fell 4.4% on Thursday after the Elon Musk-led electric vehicle maker extended its streak of earnings misses into a fourth quarter, even as sales hit record highs. Rising costs and declining revenue from highly profitable regulatory credits are squeezing Tesla’s margins, underscoring that even the EV maker is feeling cost pressures rippling […]
Wall Street was largely subdued on Thursday as lackluster earnings from Tesla and IBM cast a shadow over risk appetite, while investors kept a close eye on simmering trade tensions between the US and China. Tesla’s third-quarter profit fell short of expectations, sending the stock down 5.3%. A sales decline offered little relief as Wall […]
Sebi on Thursday barred First Overseas Capital from taking up a new mandate for two years and imposed a fine of Rs 20 lakh for multiple violations, including providing false information and violating underwriting limits. The regulator has also banned First Overseas Capital Ltd (FOCL) from accessing and trading in the securities markets for a […]
London’s FTSE 100 hit an intraday record high on Thursday, lifted by oil stocks and positive results from leading companies such as LSEG and Rentokil. The commodity-rich FTSE 100 index rose as much as 0.7% to a record high of 9,579.07 points. By 1200 GMT the price was up 0.6%. Oil giants Shell and BP […]
Shares of U.S. quantum computing companies rose in premarket trading Thursday after the Wall Street Journal reported that President Donald Trump’s administration is in talks to take equity stakes in exchange for federal funding. Shares of IONQ, Rigetti, D-Wave Quantum and Quantum Computing rose between 12% and 14% after the report said the companies are […]
FMCG giant Colgate-Palmolive (India) reported a 17% decline in net profit in the September quarter at Rs 328 crore, compared to Rs 395 crore in the same period a year ago. The company’s operating revenue in the quarter under review stood at Rs 1,507 crore, down 6.3% from Rs 1,609 crore reported in Q2FY25. Both […]
The rupee struggled to hold course on Thursday, stuck in a narrow range before ending marginally higher as inflows into local equities and selling of dollars by state-owned banks offset importers’ demand for the US currency for hedging. The rupee had opened higher at 87.8325 per US dollar, supported by a media report that Washington […]
Yes Bank reported a quarter-on-quarter growth of 4% in advances and a 7% increase in deposits, reflecting renewed optimism under its retail and digital strategy. In an interview with ET Now, CEO Prashant Kumar said the bank’s focus on new customer acquisition and transaction banking capabilities is driving steady improvement in both liability and asset […]
Gold is rising like it’s 1979, and stocks are rising like it’s 1999, and investors are wondering how two historically opposite assets can rise together. Ruchir Sharma, in a column for the Times of India, pointed to a single culprit: a global flood of liquidity that is raising both ships simultaneously, fueling record flows into […]
