Latest Updates Around The World
French multinational bank BNP Paribas on Friday bought 5.28 lakh shares worth Rs 64 crore in State Bank of India (SBI) through a block deal. The seller in the deal was Societe Generale.The shares were bought through its investment arm BNP Paribas Financial Markets at a price of Rs 1,204 each versus Thursday’s closing price […]
Infosys’ American Depositary Receipts (ADRs) fell 5% on the NYSE to hit a low of $13.99 on Friday as AI-induced fears over the likely impact on Wall Street firms weighed. To make matters worse, wholesale inflation rose sharply to 2.9% in January, far higher than estimates of 1.6%, pushing markets the wrong way, according to […]
Netflix rose more than 9% on Friday as investors cheered the decision to drop out of the race for Warner Bros Discovery, a months-long bidding war with Paramount Skydance for some of Hollywood’s most prized assets.Netflix declined to match Paramount’s latest offer of $31 per share or increase its $27.75 per share offer for Warner […]
The Singapore government and HDFC Mutual Fund on Friday acquired promoter stakes worth Rs 1,485 crore and Rs 1,100 crore in Vishal Mega Mart, respectively, through separate bulk deals. The Monetary Authority of Singapore also emerged as a major buyer, buying shares worth Rs 858 crore in the supermarket-to-fashion retailer.Promoter entity Samayat Services LLP has […]
Shares of Dell Technologies rose 17.5% on Friday after the company forecast that revenue from its AI server business will double in fiscal 2027, underscoring rising demand for artificial intelligence infrastructure.Investors also cheered the PC maker’s plans for a 20% increase in dividends and an additional $10 billion share buyback program. Dell shares rose to […]
Shares of CoreWeave fell about 15% on Friday after the company’s plans to double capital expenditures this year fueled investor concerns about pressure on margins and the effective returns from its artificial intelligence efforts. If current losses hold, CoreWeave is expected to lose more than $8 billion in market value. The cloud infrastructure company has […]
Block shares rose more than 16% on Friday after the fintech company announced it would cut its workforce nearly in half as part of an overhaul to integrate artificial intelligence tools into its operations.The layoffs are the most visible signs of how the industry is dealing with the impact of AI, with Block’s CEO, technology […]
Auto components maker Shriram Pistons and Rings (SPRL) has raised Rs 1,000 crore from a group of mutual fund investors to finance its Rs 1,670 crore acquisition of Spanish company Groupo Antolin’s local entities, people familiar with the fundraising told ET.The money was raised through the issuance of two separate sets of non-convertible debentures (NCDs), […]
Zerodha founder and CEO Nithin Kamath highlights a marked shift in investor preference since the Covid-19 pandemic, with money moving from fixed deposits and real estate to equities. He also points to a sharp increase in the number of unique and new investors during this period. Interestingly, Kamath said mutual funds have emerged as the […]
Oil prices rose about 3% on Friday as traders remained alert to possible supply disruptions after the United States and Iran extended nuclear talks.Brent crude futures rose $2.13, or 3%, to $72.88 a barrel by 1328 GMT, while US West Texas Intermediate crude rose $2.31, or 3.5%, to $67.52. The Brent and WTI benchmarks were […]
