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Track key corporate news, quarterly earnings summaries, startup funding updates, executive movements, and major company announcements across leading industries.
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Indian equities rebounded after two sessions of losses, with Sensex rising 444 points and Nifty reclaiming 24,000. Easing geopolitical tensions, trade deal optimism and lower oil prices boosted sentiment, while analysts maintained a bullish outlook above the key 23,800 support.
Sebi uncovered an alleged Rs 144 crore pump-and-dump scheme by analysing airline bookings, hotel stays, food delivery records, WhatsApp chats, telecom data and banking trails. The investigation linked digital footprints to identify the alleged mastermind and entities behind five manipulated stocks.
Shutterstock shares plunged nearly 30% after Getty Images scrapped its $3.7 billion merger following UK regulator objections. The Competition and Markets Authority required divestment of Shutterstock’s editorial business, leading Getty to walk away. The collapse hit investor sentiment as both firms now face rising competition from AI-generated image tools.
Meta Platforms is reportedly exploring a move into the cloud computing business, aiming to lease out its surplus AI computing power. This strategic shift could lessen Meta’s dependence on advertising revenue and position it as a competitor to tech giants like Amazon and Microsoft.
General Motors has signed a landmark long-term agreement with Micron Technology to ensure a steady supply of vital memory and storage chips. This partnership comes in response to the increasing demand and costs for these crucial components, fueled by advancements in AI. Moreover, it sets the stage for joint innovation in future automotive technologies, underscoring…
At an international monetary policy forum, Federal Reserve Chair Kevin Warsh stressed the necessity of maintaining a 2% inflation target. He notably refrained from giving any forward guidance on interest rates. Warsh’s remarks have sparked debate among economists regarding potential future rate increases, as global central banks adopt varying approaches to tackle inflation and uphold…
Shares of Nike fell as investors raised alarms over the slow pace of recovery with CEO Elliott Hill at the helm for nearly two years. While the company managed a slight revenue uptick, it suffered a 17% decline in sales in China, expected to worsen. Analysts highlight a sluggish revival in both the sportswear sector…
US stocks fell as US-Iran tensions weighed on sentiment, dragging Dow, S&P 500 and Nasdaq lower. Tech stocks led declines even as Meta surged on AI cloud plans. Investors also tracked Fed rate hike risks, weak manufacturing data, and upcoming US jobs report amid cautious start to second half.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…