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A $3 billion fund at Kotak Mahindra Asset Management Co. is backing Indian defense stocks, wagering that geopolitical tensions will boost local arms production and support the government’s efforts to lower reliance on imports. Recent…
Source: Reuters (via feed) Shares of Sigenergy Technology, a Chinese energy storage systems maker, are set to open 79.2% higher in their Hong Kong market debut on Thursday. The company raised HK$4.4 billion, equivalent to…
Shares of Gujarat Mineral Development Corporation (GMDC) rallied as much as 18% to hit a fresh 52-week high of Rs 736 on the BSE on Thursday, extending gains for a third trading session in a…
South Korean stock markets surged on Thursday, reaching their highest point since late February. The benchmark KOSPI closed up 134.66 points, or 2.21%, at 6,226.05, the highest closing level since February 27. This rally was…
Foreign Institutional Investors (FIIs) and retail investors have increased their stakes in nine midcap companies for the March quarter. This analysis covers around 50 BSE midcap companies that disclosed shareholding data. Despite the increased ownership,…
Ola Electric's Bhavish Aggarwal stated that the Delhi EV Policy 2.0 signals the end of internal-combustion engines and the start of energy independence. He emphasized that the policy marks the beginning of the end for…
Shares of Life Insurance Corporation of India (LIC) have rallied around 7% in just two sessions after the insurance behemoth announced its first-ever bonus issue of shares in the ratio of 1:1 to reward its…
Japan's Nikkei share average jumped to an all-time high on Thursday as hopes brightened for negotiations to end the war in the Middle East, sending oil prices lower. A Pakistani mediator in Tehran and the…
Shares of iron and steel manufacturer Gallantt Ispat have surged nearly 60% in just one month, reaching a fresh 52-week high of Rs 869 on the BSE. The stock climbed over 10% despite market volatility…
The shares of Power Finance Corporation (PFC) jumped more than 5% to hit a fresh 52-week high of Rs 467 apiece on Thursday. Rising temperatures across the country raised expectations of peak power demand, boosting…
Source: Reuters (via feed) European Central Bank supervisors are set to warn bankers about risks linked to Anthropic's new artificial intelligence model. The model might increase the threat of cyberattacks, according to a source familiar…
Brokerages continue to highlight selective opportunities across sectors, with a broadly positive stance emerging on a mix of consumption, industrial, auto, renewable energy, and digital platform plays. Elara Capital has maintained a ‘Buy’ rating on…
On Wall Street, the benchmark S&P 500 and tech-heavy Nasdaq rallied to record closing highs on Wednesday as investors were encouraged by corporate earnings and hopeful of progress in U.S.-Iran negotiations. The Dow Jones fell…
A 50-word tweet can swing indices by 2-3%, reflecting constant market volatility. The ongoing US-Iran tensions exemplify this, with rapid changes in narratives unsettling markets. Oil prices have fluctuated ±30%, impacting the global economy and…
Wall Street's stock benchmark S&P 500 and tech-heavy Nasdaq closed at record highs as hopes for a cooling of U.S.-Iran tensions and strong earnings expectations boosted risk appetite on Wednesday. Oil prices steadied after news…
Oil prices fell in early trade on Thursday as hopes for easing U.S.-Iran tensions outweighed concerns over ongoing supply disruptions. Reports indicated that Iran could allow ships to pass through around the Strait of Hormuz.…
Suraj Estate Developers shares are likely to remain in focus on April 16 after the company acquired a land parcel with an estimated Gross Development Value (GDV) of around ₹100 crore. The company has acquired…
Indian equity benchmarks, the BSE Sensex and Nifty 50, are likely to open on a positive note on April 16, tracking positive cues from GIFT Nifty, which is trading higher around 24,355. The Nifty closed…
Shares of jewellery makers have climbed 11-23% over the past month, outperforming the 3.5% rise in the benchmark BSE Sensex. This increase is driven by strong wedding and festive demand, resilient consumer spending despite record…
Source: Reuters (via feed) Indian Potash Ltd has received offers to supply urea at around $1,000 per metric ton in its latest tender. The price is nearly double the level seen two months ago. Two…
Mumbai-based asset management firm Piper Serica has deployed nearly Rs 210 crore across more than 33 startups through its Category I Alternative Investment Fund (AIF). Out of the total fund corpus of Rs 273 crore,…
Source: Reuters (via feed) The European Union warned member countries on Wednesday about the possibility of a prolonged energy supply shock if the conflict with Iran continues. EU diplomats told Reuters that this situation would…
Mark Mobius, a pioneer of emerging markets investing, has died at 89. He spent over 30 years at Franklin Templeton Investments, where he became known for identifying investment opportunities in Africa, Asia, Eastern Europe, and…
Source: Reuters (via feed) PNC Financial posted an 18% increase in its first-quarter profit. The company reported the gain on Wednesday. This rise was supported by the acquisition of regional lender FirstBank. Strong loan growth…
Two of America's most popular national pizza chains are edging closer to selling to new owners as stiff competition, rising commodity costs, and waning consumer demand are undercutting performance, according to five people familiar with…
