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Track key corporate news, quarterly earnings summaries, startup funding updates, executive movements, and major company announcements across leading industries.
Wall Street rose as chip stocks rallied, offsetting concerns over escalating US-Iran tensions. Gains in semiconductor firms, led by Micron and Applied Materials, lifted indexes, while Meta slipped on AI chip updates. Stable jobless claims supported sentiment, though volatility in AI-linked stocks and rate hike expectations kept markets cautious.
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SBI Funds Management is confident its Rs 11,600-crore IPO will succeed despite market volatilities. The asset manager aims to double its international book to USD 5 billion within three years. This revenue augmentation plan includes expanding global presence and staff. The company is also focusing on its alternatives business and potential acquisitions. Parent SBI contributes…
India’s new-age firms are set to hit a valuation of one trillion dollars by 2030, with approximately 210 companies preparing to enter public markets within the next two years. There’s a noticeable uptick in participation from domestic institutional investors in the IPO arena. Today’s investors are emphasizing companies that exhibit profitable growth and resilience, resulting…
Hedge funds have recently faced substantial setbacks, primarily due to widespread trades within unstable markets. Systematic managers lost about 25% of their returns for the year, significantly affecting their overall performance. This downturn arose from substantial bets on U.S. and Asian equities, both of which faced dramatic price fluctuations. Additionally, fundamental managers also reported losses…
Wall Street opened mixed as gains in chip stocks supported the S&P 500 and Nasdaq, even as renewed US-Iran tensions kept sentiment cautious. The Dow slipped at the open, reflecting geopolitical uncertainty, while tech-led strength helped broader indices stay resilient amid concerns over prolonged conflict and potential market volatility.
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Anand Rathi Wealth reported a 24% rise in Q1FY27 profit to Rs 116 crore and 18% revenue growth to Rs 336 crore. Assets under management crossed Rs 1 lakh crore. The company achieved 24% of its annual revenue guidance.
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The Sensex ended higher as select BSE 200 stocks touched fresh 52-week highs. FSN E-Commerce Ventures, Titan, Sun Pharmaceutical Industries and Lenskart Solutions led the momentum.