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Major stock indexes on Wall Street opened lower on Wednesday. Investors awaited the Federal Reserve’s monetary policy decision amid Middle East tensions. Chip stocks also faced pressure ahead of Big Tech earnings later this week. The Dow Jones Industrial Average fell 73.1 points at the open. The S&P 500 and Nasdaq Composite also saw declines.
CBIZ shares surged 17% after Grant Thornton Advisors agreed to acquire the company for $5 billion in cash. The deal will create the fifth-largest US accounting and advisory firm, overshadowing mixed quarterly results and accelerating consolidation in the professional services industry.
The US Federal Reserve is expected to keep interest rates unchanged, with markets increasingly pricing in a September hike. Persistent inflation, geopolitical tensions, elevated oil prices and upcoming economic data continue to shape policymakers’ outlook and strengthen the case for tighter monetary policy.
In FY26, Amazon Web Services India experienced a remarkable increase in its consolidated net profit, soaring over tenfold to reach Rs 242.8 crore, while consolidated revenue from operations also experienced a growth of about 21 percent, hitting Rs 20,225.6 crore. However, the standalone net profit faced a downturn of approximately 14 percent, despite a standalone…
Indian markets rebounded over 1% on strong earnings and IT buying, with Nifty closing at 24,250. Analysts recommended Lloyds Metals and Ashapura Minechem, citing bullish technical breakouts, strong momentum, rising volumes and sustained strength above key moving averages ahead of the US Fed decision.
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Major stock indexes on Wall Street opened lower on Wednesday. Investors awaited the Federal Reserve’s monetary policy decision amid Middle East tensions. Chip stocks also faced pressure ahead of Big Tech earnings later this week. The Dow Jones Industrial Average fell 73.1 points at the open. The S&P 500 and Nasdaq Composite also saw declines.
Vedanta Power has posted a standalone loss of Rs 449 crore for the June quarter, albeit with total income rising to Rs 1,844 crore in the first fiscal quarter. Power sales saw a significant boost of 38 percent year-on-year, attributed to improved generation from essential assets. The company envisions expanding its capacity to 20 GW…
Vedanta Iron and Steel Ltd posted a Rs 122 crore net profit for the June quarter. This marks a significant turnaround from the Rs 142 crore net loss incurred last year. The company’s revenue from operations increased to Rs 3,662 crore during this period. These earnings represent the first results after its demerger from Vedanta…
Waaree Energies has reported a profit increase of 15.39 percent for the June quarter, fueled by higher revenues that bolstered its financial performance. Notably, the company boasts a record order book of around Rs 61,500 crore. Additionally, module production experienced a remarkable year-on-year rise of 41.51 percent, while emerging business ventures are now making a…