Latest Updates Around The World
Benchmark indices Sensex and Nifty opened 1% lower on Friday, extending losses for the second straight session, after a deeper sell-off in IT stocks disrupted investor sentiment amid rising fears of AI-induced disruption. The slide also came on Friday the 13th – a date long considered unlucky in the West.Heavyweights Infosys, TCS, HCLTech and Wipro […]
Shares of state-owned defense company Hindustan Aeronautics Ltd (HAL) will be in focus on Friday after the company reported strong third-quarter results.Consolidated net profit increased 30% year on year to Rs. 1,867 crore, while the company announced a first interim dividend of Rs. 35 per share, with February 18 as the record date. Operating revenues […]
SpiceJet shares are likely to remain in focus during Friday’s trading session after the budget carrier reported a consolidated net loss of Rs. 261.38 crore for the December quarter (Q3FY26), compared to a net profit of Rs. 20.43 crore in the corresponding period last year. The profit after tax (PAT) accrues to the owners of […]
Wall Street indexes fell sharply on Thursday, with the tech-heavy Nasdaq down 2%, as investors intensified their sell-off of technology stocks and fled transportation stocks on concerns about artificial intelligence disruption.The S&P 500 and the Dow Jones fell more than 1% as investors also digested the latest jobs data and waited for the January inflation […]
Mumbai: Indian software services shares suffered another selloff on Thursday, with the Nifty IT index falling more than 5% for the second time in less than 10 days, as unexpectedly strong US jobs data for January further fueled existing concerns about AI’s impact on the sector. The NSE’s IT benchmark fell 5.5% to close at […]
Tata Group-backed Indian Hotels Company (IHCL) has reported operations revenue of Rs 2,842 crore for the third quarter of this financial year, up 12% year-on-year. The chain reported a net profit of Rs 954 crore, compared to Rs 632 crore in the corresponding period of the previous fiscal.The company said the net profit is after […]
Gold loan company Muthoot Finance has again revised upward its annual growth forecast for FY26 to 44-45%, from an earlier revised expectation of 30-35%, managing director George Alexander Muthoot told ET. He said the rise in demand along with regulatory comfort for the gold loan sector has paved the way for greater business traction.The company […]
Infosys’ American Depositary Receipts (ADRs) fell more than 7% on Thursday, hitting an intraday low of $14.59 in early trade, while Wipro’s ADRs fell 5.4% to $2.26. The sharp decline follows a steep sell-off in IT stocks on Indian stock markets, with the weakness spilling over to Wall Street.The broader U.S. tech drag added pressure […]
Indian benchmark indices ended with cuts on Thursday led by massive selling pressure on IT stocks. The other notable laggards were energy and real estate stocks. While Nifty ended at 25,807.20, down 146.65 points or 0.57%, the BSE Sensex fell 558.72 points or 0.66% to 83,674.92. Meanwhile, the volatility gauge India VIX ended at 11.73, […]
Restaurant Brands International on Thursday reported fourth-quarter sales that beat expectations, thanks to the strength of its international Burger King stores, even as the company faces stiff competition for its value menus and higher commodity costs in the United States. Fast food chains are offering certain items at lower prices to attract consumers who have […]
