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Category: Business News
Track key corporate news, quarterly earnings summaries, startup funding updates, executive movements, and major company announcements across leading industries.
Mastercard profit beats estimates on strong consumer spending
Mastercard reported better-than-expected second-quarter profits on Thursday. Strong transaction volumes and resilient consumer spending supported the company’s financial performance. Gross dollar volume rose eight percent, and net revenue increased fourteen percent.
Dow Jones| Nasdaq | US Stock Market Today | Live: US market climbs higher as semiconductor stocks recover from rout
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US stocks: Jersey Mike’s shares fall 8.7% in New York debut
Jersey Mike’s debuted on the New York Stock Exchange with shares opening lower. The sandwich chain’s initial public offering raised approximately one billion dollars. This listing marks one of the largest restaurant IPOs in recent years. The company operates over three thousand three hundred locations across the United States and Canada. Jersey Mike’s offering tests…
NSE Q1 Results: Profit rises 7% YoY to Rs 3,120 crore; revenue up 9%
National Stock Exchange reported a seven percent profit rise for the June quarter. Higher transaction charges and strong operating margins contributed to this financial growth. Consolidated total income also saw a nine percent increase year-on-year. The exchange is currently preparing for its proposed initial public offering. NSE’s contribution to the exchequer reached over twenty thousand…
Fusion Klassroom raises over Rs 11 crore from anchor investors; SME IPO to open on Friday
Fusion Klassroom Edutech has successfully secured Rs 11.08 crore from key anchor investors. The company is set to launch its initial public offering on July 31st, with the IPO valued at Rs 39.04 crore, which will remain open until August 4th. Following the offering, shares are expected to be listed on the BSE SME platform…
Qualcomm shares fall 5% as higher costs, Apple-related weakness cloud profit forecast
Qualcomm’s stock has seen a notable drop following its alert about escalating memory costs. Increased expenditures and rising prices are expected to strain profit margins in the immediate future. The firm has projected an adjusted earnings per share that falls short of analysts’ estimates. Additionally, Qualcomm’s share in the modem supply for the upcoming iPhone…
NYSE parent ICE to buy MarketAxess in $5.7 billion deal to expand fixed-income offerings
Intercontinental Exchange has made a significant move by agreeing to acquire the bond trading platform MarketAxess for a hefty $5.7 billion, reflecting a 33% premium over its latest closing price. This acquisition is poised to bolster ICE’s fixed-income trading offerings, resulting in a notable 30% jump in MarketAxess shares after the announcement. The deal is…
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Rs 104 lakh crore club: India’s richest 3,040 now hold wealth equal to 30% of GDP
India’s 3,040 richest individuals hold Rs 104 lakh crore in wealth, nearly 30% of nominal GDP, highlighting growing wealth concentration. The latest report also shows rising participation from young entrepreneurs, women and first-generation founders alongside established business families.