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EasyJet shares surged after agreeing in principle to a £5.5 billion takeover by Castlelake, though the stock remained below the offer price amid concerns over EU ownership rules and deal structure. Analysts flagged regulatory and shareholder approval risks, while the bidder must formalise its offer by August 3.
Microsoft announced significant job cuts affecting approximately 4,800 employees globally. The Xbox gaming division will experience the deepest reductions, with around 3,200 roles eliminated. This restructuring follows substantial investments in gaming, including the Activision Blizzard acquisition.
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U.S. markets were mixed, with the S&P 500 and Nasdaq rising on a rebound in chip stocks, while the Dow slipped after briefly hitting a record. Investors are focused on upcoming Fed minutes and the start of earnings season, while easing rate hike expectations and broader sector strength supported sentiment.
Titan’s consumer sector experienced a remarkable forty-one percent surge in the first quarter, driven by robust festival demand that significantly elevated sales in its jewellery division. The company also launched seventy-seven new stores, enhancing retail outreach. Notably, international markets such as North America and the GCC recorded impressive double-digit growth, while emerging businesses reflected a…
The government plans to sell up to 5.04% of Cochin Shipyard shares. This offer for sale begins July 7 for institutional investors. Retail investors can bid on July 8, with a floor price set. A green-shoe option allows for a larger stake sale if demand is strong. This move supports the government’s disinvestment program for…
Trent reported 19% year-on-year standalone revenue growth to Rs 5,666 crore in Q1FY27, driven by rapid Zudio expansion. The retailer ended June with 1,312 stores, including 982 Zudio outlets, reinforcing its strong value-fashion growth strategy despite intense competition.
The sharp correction in Tesla and SpaceX has dented retail investors’ portfolios, including those of Indians investing in US stocks. Experts say the selloff reflects a broader repricing of AI-linked stocks and advise investors to review portfolio allocation, risk appetite and investment horizon instead of reacting to short-term volatility.
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President Trump symbolically opened the stock market from the Oval Office, linking his presidency to market gains amid rising inflation. Despite claims of record-setting markets, only 33% approve of his economic leadership. The initiative promotes “Trump Accounts” for children’s investments, highlighting that many families lack direct stock exposure, a benefit often seen in wealthier households….