Category: Business News & Economy

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Apple shares plunged over 9% after the iPhone maker issued a weaker-than-expected outlook, warning that AI-driven component shortages are straining global supply chains. The stock is on track for its worst one-day fall in more than six years, putting nearly $500 billion in market value at risk and lifting Nvidia’s valuation lead.

Amazon shares rose sharply on Fridat after stronger-than-expected growth at its cloud business reinforced investor confidence in the company’s AI investments. AWS posted its fastest revenue growth in over four years, while management’s upbeat outlook helped ease concerns over the scale of Big Tech’s capital spending on artificial intelligence.

NSE has paid the remaining Rs 714.74 crore to Sebi, completing the Rs 1,491.21-crore settlement of the long-pending colocation and dark fibre cases. The payment follows Sebi’s in-principle approval and clears a key hurdle as the exchange moves closer to its planned Rs 30,000-crore IPO.

Indian Oil Corporation reported losses for the June quarter that were lower than analysts expected. This was largely due to efficiency improvements and higher margins from refining. The company celebrated record highs in crude throughput and a drop in fuel losses, with petrol and diesel sales reaching impressive quarterly figures. Moreover, IOC successfully secured crude…

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Space-Eyes, a leader in defense technology, has announced its merger with McKinley Acquisition Corp. In a move to enhance strategic oversight, Eric Trump will join as a strategic adviser. The new entity will focus on AI-enhanced counter-drone technology and geospatial intelligence, aiming to elevate global operations and government partnerships. This significant merger values the enterprise…

Manipal Health Enterprises’ Rs 9,275-crore IPO closed with strong demand, subscribed 4.92 times overall. Institutional investors led the subscription, while retail investors showed cautious interest in the healthcare issue. The company plans to use Rs 5,378 crore from the IPO proceeds to repay its existing debt. Additional funds will support acquisitions and general corporate purposes…

Kalahridhaan Trendz has been penalized by Sebi with a fine of Rs 1 crore for hiding a loan default and giving deceptive corporate announcements about export orders. The involved directors, Niranjan D Agarwal and Aditya N Agarwal, faced market bans, and Sunitadevi Niranjan Agarwal received a one-year exclusion from securities markets. Additionally, the NSE has…

Sebi has stated that off-market transactions involving share sales are distinct from public issues, particularly when current shareholders opt to sell unlisted equity shares privately. A limit of two hundred purchasers per financial year must be adhered to. This clarification was specifically made in response to IDBI Bank’s proposed divestment strategies, confirming that such actions…