Category: Business News & Economy

European stock markets extended record gains as optimism over a potential U.S.-Iran peace agreement eased energy supply concerns and strong corporate earnings boosted investor confidence. Deutsche Telekom and Glanbia led sectoral advances, while resilient technology shares and improving earnings expectations supported broader market sentiment ahead of euro zone retail sales data.

SoftBank reported an 18% decline in first-quarter net profit, though earnings exceeded expectations as strong gains from Intel and ByteDance investments offset weaker contributions from OpenAI. The company remains focused on expanding its AI portfolio, with major investments, new financing and long-term commitments reinforcing its artificial intelligence growth strategy, according to Reuters.

Indian markets closed higher with Sensex rising 374 points, while Nifty remained flat due to divergence from the closing auction session. PSU banks outperformed, while auto and realty lagged. Analysts see valuation support holding, with limited RBI impact and cautious FII flows amid high US bond yields and global uncertainty.

FIIs and mutual funds increased stakes in several Nifty Midcap 150 stocks over recent quarters, with many delivering strong returns. Radico Khaitan led the pack, gaining up to 65%.

Zerodha co-founder Nithin Kamath said the sharp swings under the new Closing Auction Session (CAS) reflect structural weaknesses in Indian markets rather than flaws in the mechanism itself. The new 20-minute auction, replacing the earlier VWAP-based close, has caused unpredictable late-day moves and losses for options traders and algo desks, fuelling calls for changes or…

The partnership will target high-tech and manufacturing risks while supporting Indian companies expanding overseas and multinationals operating in India.

SoftBank is the guarantor of the borrowing, which will be used for general corporate purposes for the group and its Vision Fund II-2

For sale is the childhood home of Neil Armstrong in Wapakoneta, Ohio, a historic two-storey residence that has been lovingly preserved for nearly forty years. This house boasts many original features that tie it to the first man on the Moon, making it a site of interest for history buffs and space enthusiasts alike. The…

Jana Nayagan, starring Thalapathy Vijay, is currently facing a natural decrease in ticket sales. Despite this, its overall box office performance is commendable, with lifetime collections soaring beyond Rs 214 crore in India and over Rs 300 crore globally. The action film is anticipated to continue screening in cinemas for at least another week.

A new study has found that coating common raven eggs with non-toxic mineral oil can reduce raven reproduction and improve the survival of vulnerable greater sage-grouse. Researchers reported that sage-grouse nest survival more than doubled, while their relative abundance increased by 44% in treated areas. However, they said long-term conservation also requires protecting habitat and…