Category: Business News

MV Electrosystems shares listed on the BSE at ₹519 apiece, delivering a whopping 22% listing gain to the lucky allottees

LIC OFS: The Indian government raised $3.3 billion by selling additional LIC shares in the country’s biggest secondary stock offering after executing a tightly guarded stake sale. Officials kept the launch secret, accelerated the timeline, and expanded the offer following strong institutional demand. The sale lifts LIC’s public shareholding to 10%, meeting SEBI’s listing requirement…

Japan’s Nikkei 225 fell nearly 2% on Thursday as a global technology selloff weighed on heavyweight semiconductor stocks, overshadowing gains across much of the broader market. While weakness in AI-linked shares dragged the benchmark lower, lower crude oil prices and strength in non-technology sectors helped limit losses in the broader Topix index.

Invesco India Midcap Fund has been in the first quartile in the last 15 months. The scheme had been in the second quartile earlier. Axis Midcap Fund has been in the third quartile in the last 15 months. The scheme had been in the fourth quartile earlier.

Elon Musk criticized New York City Mayor Zohran Mamdani’s grocery store proposal. He believes AI and robots will eventually offer cheaper goods and services. The city plans five grocery stores, aiming for significant shopper savings. Private operators will manage daily operations while the city covers costs. Critics question the funding and potential impact on existing…

Hong Kong-listed insurance stocks slumped after reports that Chinese tax authorities have begun levying a 20% personal income tax on income earned from offshore insurance policies. The move has raised concerns over demand from mainland Chinese customers, weighing on insurers and financial stocks with significant cross-border exposure.

Mercury retrograde is a visual illusion caused by Earth’s perspective. Ancient astrologers linked this apparent backward motion to communication and travel issues. Scientists find no evidence that planetary alignments affect daily life events. Humans seek patterns and confirmation bias explains the persistent belief in retrograde. Blaming the stars offers a lighthearted way to manage minor…

In today’s astrological insights, each zodiac sign receives unique advice for their romantic endeavors. Aries is advised to foster open lines of communication to deepen emotional ties. Taurus should take a moment to show appreciation to their beloveds. Geminis are called to cultivate positivity and hopes within their relationships. Cancers, on the other hand, are…

Asia FX subdued, dollar near 7-wk low with Iran talks, U.S. jobs data in focus

Microsoft has told engineers that “tokenmaxxing is not what we are optimizing for” in a new internal memo from EVP Jay Parikh. The memo makes OpenAI’s GPT-5.6 the default internal model, replacing an auto-router that had been sending GitHub Copilot workloads to Anthropic’s Claude. Every Microsoft division now carries an AI token budget target, months…