D-Street bucks Asian markets’ meltdown
The NSE’s Nifty 50 rose 261.55 points, or 1.1%, to close at 24,334.3, while the BSE Sensex gained 964.58 points, or 1.25%, to end at 78,151.45.
Category: Business News
Track key corporate news, quarterly earnings summaries, startup funding updates, executive movements, and major company announcements across leading industries.
RIL’s Q1 operational revenue hits milestone with 25% YoY jump
Reliance Industries saw a twenty-five percent profit drop in the June quarter. Revenue from operations increased twenty-five percent, crossing three lakh crore rupees. Reliance Retail’s net profit declined fourteen percent while revenue grew eight percent. The oil-to-chemicals segment revenue rose over thirty percent amid market volatility. Jio Platforms reported its first profit decline due to…
Wall Street Week Ahead: Alphabet, Intel results in focus for AI trade as US earnings rev up
Corporate earnings season is gaining momentum with key tech updates expected soon. Investors anticipate strong profit growth, which has supported stock market enthusiasm. Alphabet’s AI spending plans will be closely watched for market-wide impacts. Semiconductor stocks face volatility as expectations for the sector remain high. Geopolitical tensions and inflation fears add to market uncertainty ahead…
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today | Highlights: S&P 500 and Nasdaq slip as chip rout extends; Netflix slides
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US stocks today: Nasdaq, S&P fall over 1%, end lower for week as chip selloff broadens
Wall Street declined as AI-driven chip stocks extended losses, triggering broader risk-off sentiment. Semiconductor shares saw sharp weekly declines, while energy stocks gained on rising oil prices amid Middle East tensions. Despite strong early earnings, including bank results, weak forecasts from companies like Netflix weighed on investor confidence.
Reliance Retail Q1 revenue rises, but profit falls as e-commerce weighs
Reliance Retail’s Q1 revenue rose 8.2% despite the FMCG demerger, while net profit fell 14.2% as e-commerce investments pressured margins. Reliance Consumer more than doubled revenue, driven by Campa and Independence, with rapid growth across grocery, electronics and digital commerce.
Chipmakers and other high-flying stocks slide as AI trade wobbles
As July commenced, global tech stocks faced a notable decline, predominantly driven by chip shares. This drop indicates investor profit-taking alongside worries regarding the sustainability of AI expenditures. The Philadelphia Semis Index is close to entering bear market territory after facing a steep decline. Additionally, the Chinese AI model Kimi K3 has heightened scrutiny of…
JSW Steel’s profit doubles on revenue growth, beats estimates
JSW Steel’s profit more than doubled year-on-year to Rs 4,696 crore in the June quarter. Robust revenue growth and lower finance costs aided the company’s strong financial performance. Consolidated revenue from operations rose around ten percent on year to Rs 47,364 crore. Total expenses rose less than four percent on year, helping boost earnings. The…
Netflix shares tumble over 10% as slowing growth, less viewership data spook investors
Netflix recently saw a significant drop in its share prices following a forecast that indicated slower revenue growth. Additionally, the streaming service announced it would cut back on reporting viewership statistics, which has raised investor anxiety regarding its future trajectory. Analysts attributed this downturn to a lackluster lineup of content released this year, leading to…
US Fed official warns of ‘broad-based’ inflation as firms urge action
A top Federal Reserve official said Friday that stubbornly high inflation is her bigger concern right now, warning that firms are urging the US central bank to act against rising prices. “Persistently high inflation is the bigger concern,” she said.