Rambus director Charles Kissner sells $504,600 in common stock

US stocks opened higher on Thursday morning. Microsoft’s strong forecast eased investor concerns about AI spending. Major indices like the Dow and S&P 500 saw significant gains. The Nasdaq Composite also experienced a notable increase at the opening bell. Investors parsed fresh economic data after the Federal Reserve’s rate decision.

Hero MotoCorp posted a 29% net profit increase for the first quarter. Revenue from operations rose 36% to Rs 12,999 crore during the period. The company sold 16.77 lakh motorcycles and scooters, showing strong consumer demand. VIDA and global business segments also experienced substantial year-on-year growth. Hero’s strategy focuses on premiumization, electric mobility, and global…

Sebi has exempted six Muthoot family trusts from an open offer requirement. This exemption pertains to the indirect acquisition of shares in Muthoot Microfin. The restructuring involves multiple share transfers among family trusts and spouses. Muthoot Fincorp’s board approved an IPO, necessitating transaction structure changes. The exemption is valid for one year and subject to…