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Source: Reuters (via feed) Regions Financial reported a 14% increase in profit for the first quarter. The company attributed the rise to strong loan growth following U.S. Federal Reserve rate cuts. Interest income increased during…
Lloyds Group companies have acquired more than 5 percent equity stake in Bharat Wire Ropes through open market transactions on April 17. Bharat Wire Ropes shares were locked in a 20 percent upper circuit at…
Drone maker AEVEX's shares jumped 15% in their debut on the New York Stock Exchange on Friday, signaling growing investor appetite for defense-linked businesses as governments ramp up military spending amid persisting geopolitical tensions. Shares…
Weight-loss drug developer Kailera Therapeutics' shares surged 62.5% in their Nasdaq debut on Friday after closing a $625 million U.S. initial public offering, as Wall Street's appetite for the fast-growing market remains unsated. Kailera had…
The initial public offering of Citius Transnet Investment Trust received 69 percent subscription on the first day of bidding on Friday. The IPO received bids for 4,23,52,050 units against 6,13,88,850 units on offer, according to…
Rajkot-based multi-brand mobile retail chain Mehul Telecom's maiden public issue has attracted healthy demand from across categories of investors, resulting in a 3.38 times subscription on April 17, the first day of bidding. The company…
Global oil markets have lost over $50 billion worth of crude oil since the Iran war began nearly 50 days ago. More than 500 million barrels of crude and condensate have been removed from the…
Investors placed a bet worth about $760 million on a falling oil price around 20 minutes before Iran's foreign minister announced on Friday that the Strait of Hormuz was open. This occurred ahead of major…
Source: Reuters (via feed) Eli Lilly's newly launched obesity pill, Foundayo, was prescribed 1,390 times in the United States during the week ended April 10, according to an analyst who cited IQVIA data. The prescription…
As a first step in its plan to expand globally, Kadimi Tool Manufacturing Co. Pvt. Ltd. recently acquired the US-based Rol-flo Engineering Inc. Kadimi is a player in the fastener and cold forging industry. Founded…
GIFT Nifty Futures recorded more than 350 points rally on April 17 after the closing of Indian equity markets for the week, tracking a 10 percent sharp correction in oil prices following the opening of…
NG Electro Products announced it has raised Rs 150 crore from JM Financial Private Equity and some family offices. The funds will be used to expand manufacturing capacity, accelerate investment in R&D and product innovation,…
Italian luxury carmaker Ferrari expects the proposed India–EU Free Trade Agreement (FTA) to significantly improve accessibility and accelerate demand in the Indian market. Charles Antoine Geneste, Head of Southeast Asia and India at Ferrari, stated…
Stocks surged Friday, extending a record-setting run that’s sending the S&P 500 Index toward its biggest monthly gain since 2020. This follows the re-opening of the Strait of Hormuz, which is expected to ease an…
“Earnings don't move the overall market; it's the Federal Reserve Board. Focus on the central banks, and focus on the movement of liquidity,” stated Stanley Druckenmiller. Liquidity determines how easily money flows through the financial…
On Friday, the benchmark Sensex climbed 504 points to settle at 78,493. Reflecting the broader market upswing, 11 stocks from the BSE 150 midcap index touched their 52-week highs, marking their strongest performance in the…
Source: Reuters (via feed) Indian refiners are settling payments for cargoes of Iranian oil using Chinese yuan. The payments are routed through ICICI Bank in Mumbai. This information was provided by four sources familiar with…
Securities and Exchange Board of India (Sebi) on Friday granted approval to the National Stock Exchange of India (NSE) to invest in the proposed National Coal Exchange of India Limited, marking a significant step toward…
Wall Street's main indexes jumped Friday after investors cheered Iran's decision to open the Strait of Hormuz following a ceasefire accord agreed in Lebanon. The news of commercial shipping resuming through the waterway sent crude…
The small-cap Russell 2000 hit its first intraday record high on Friday since the U.S.-Iran conflict erupted, joining other major indexes at all-time highs and suggesting the recent equities rally is broadening beyond large companies.…
The benchmark Nifty 50 rose more than 150 points on April 17, closing at 24,354, marking a total weekly rally of 1.26 percent. This increase follows a nearly 10 percent rise from the April low…
The equity benchmark indices Sensex and Nifty settled higher in a range-bound session on Friday, marking their second consecutive week of gains. The Nifty rose 156.80 points or 0.65 percent to settle near the day’s…
Angel One stock rose sharply on Friday, gaining over 7 percent after the company reported strong Q4 FY26 earnings and received positive brokerage commentary. The stock saw additional traction following updates from its post-results concall,…
Shares of jewellery-makers like Kalyan Jewellers and Titan tumbled up to 6% after reports indicated that Indian banks have halted gold and silver import orders for overseas suppliers. Tons of precious metals are now stuck…
South Korean shares closed lower on Friday, but logged a second straight weekly gain on hopes the U.S. and Iran could secure a permanent ceasefire ahead of the expiry of truce next week. The won…
