Shares of memory chip manufacturers Seagate fell over 7% on Monday, May 18, triggering a group-wide sell-off, after its CEO Dave Mosely raised concerns that the company may not be able to meet the soaring demand courtesy the Artificial Intelligence build-out. Speaking at a JPMorgan conference, Mosely said that if they started building new factories…
Benchmark indices on Wall Street recovered from the day’s low in a volatile trading session on Monday, May 18, after US President Donald Trump said that he is holding off on a planned attack on Iran scheduled for Tuesday based on the request of leaders from the West Asia region. The Dow Jones recovered over…
VRL Logistics Ltd reported a subdued performance for the March quarter on May 18, with profitability and operating margins coming under pressure despite a rise in revenue. The company posted a net profit of ₹72 crore for Q4FY26, down 3% from ₹74.3 crore in the corresponding quarter last year. Revenue rose 5.4% year-on-year to ₹853…
US President Donald Trump said he “should have asked for more” of a stake in Intel on behalf of the US government in an interview with Fortune magazine published on Monday, Reuters reported. The deal has made the US coffers some good, as the US government has made over $30 billion in recent months from…
Shares of Uno Minda Ltd. declined over 7% from the day’s high on Monday, May 18, reacting to the company’s conference call after it reported its fourth quarter earnings over the weekend. Uno Minda said in its earnings call that the recent geopolitical tensions have created fresh concerns. It said electronic manufacturing services (EMS) remain…
Telecom service provider Bharti Airtel Ltd. has surpassed HDFC Bank Ltd. to become the second-most valuable company in India by market capitalization on Monday, May 18. As of 11:15 AM, Bharti Airtel has a market capitalization of ₹11.78 lakh crore, surpassing HDFC Bank, whose current market capitalization stands at ₹11.74 lakh crore. Reliance Industries continues…
Strong quarter four earnings of the financial year 2025-26 (FY26) from Indian steel companies could continue into the current quarter one of the financial year 2026-27 (FY27) due to higher steel prices, but investors should remain cautious as margins may be nearing their peak, according to Rakesh Arora, Founder, GoIndiaStocks.com. He said valuations across major…
Shares of Power Grid Corporation of India Ltd. declined on Monday, May 18, 2026 after the company reported a weak set of earnings. Its net profit increased 9.7% to ₹4,546.3 crore from ₹4,143 crore last year. The remeasurement of deferred tax balanced aided its profit after tax (PAT). Its revenue declined 5% to ₹11,666 crore…
Apollo Micro Systems Ltd reported a strong set of earnings for the March quarter, with profit and revenue rising sharply year-on-year, supported by healthy execution and improved operational performance. The company posted a net profit of ₹38 crore for Q4FY26, compared with ₹14 crore in the corresponding quarter last year. Revenue surged 81% year-on-year to…
Some Indian firms are turning to floating-rate bonds to attract investors and manage borrowing costs at a time when expectations of rate hikes have pushed up yields on conventional fixed-rate debt, making buyers wary of locking in lower rates. Coupons for floating-rate bonds are priced at a spread over three-month Treasury bill yields and reset…
