Author: FinSiddhi

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Cult.fit has filed draft papers for an IPO to raise up to Rs 950 crore through a fresh share issue, while existing investors will sell up to 17.86 crore shares via an OFS. The fitness and wellness company plans to use the proceeds to expand its network, strengthen branding and marketing, and tap growing demand…

Samsung Electronics shares plunged 10% despite forecasting a 19-fold jump in second-quarter profit, as investors worried the AI-driven memory chip boom may be peaking. Analysts said strong earnings were already priced in, while concerns over slowing AI infrastructure spending triggered a sharp sell-off across semiconductor stocks.

Japan sought to reassure financial markets that it remains committed to fiscal discipline after concerns over its latest economic policy blueprint pushed government bond yields to multi-decade highs. The government denied it was pressuring the Bank of Japan to keep interest rates low and reiterated support for central bank independence.

ECB Executive Board member Isabel Schnabel said the euro zone economy has not returned to pre-war conditions despite lower oil prices, citing persistent core inflation, energy market risks and supply chain pressures. Her remarks suggest policymakers remain cautious on inflation, while another ECB official struck a more optimistic tone on energy prices.

Microsoft is cutting nearly 4,800 jobs as its new fiscal year begins. These layoffs primarily impact the commercial sales and Xbox gaming divisions. The company states this restructuring reflects industry evolution and changing business priorities.

Samsung Electronics has projected a record-breaking second quarter, with operating profit expected to surge 19-fold on strong demand for AI-related memory chips. While the outlook for its semiconductor business remains robust, investors are watching whether the current AI-driven spending cycle can sustain Samsung’s growth momentum.Samsung Electronics has projected a record-breaking second quarter, with operating profit…

South Korea’s Kospi index experienced a significant 8% drop, led by chip stocks. Investors questioned the sustainability of record earnings driven by artificial intelligence demand. Samsung Electronics and SK Hynix, major index components, saw substantial declines. Other sectors like battery and shipbuilding also faced considerable losses. Foreign investors continued to be net sellers of South…

IIFL initiated coverage on Adani Power with a ‘Buy’ rating and Rs 240 target price. The brokerage forecasts EBITDA to quadruple by FY33-35E due to growth pipeline. Adani Power is building significant new coal capacity, expanding its operational base. Free cash flow from operations is expected to rise substantially after portfolio buildout. The company also…

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…