Taiwan’s largest pension fund has reduced some of its US currency exposure amid heightened market volatility and a broader global reassessment of dollar assets. The Bureau of Labour Funds, which manages nearly NT$9 trillion ($286 billion) in retirement and insurance assets, recently lowered dollar-denominated equity and fixed-income exposures in mandates overseen by external asset managers,…
Shares of Blue Star Ltd. are trading lower by 2% on Thursday, May 7, after the company reported a mixed March quarter performance, with revenue missing estimates but margins and profitability coming in ahead of expectations. Consolidated revenue for Q4FY26 rose 1% YoY to ₹4,072 crore, below poll estimates of ₹4,276 crore. Both the Unitary…
In a significant ownership development, IIFL Capital Services Ltd., formerly known as IIFL Securities Ltd., has announced a ₹2,000 crore preferential allotment to FIH Mauritius Investments Ltd., a wholly-owned subsidiary of Fairfax India Corporation. The move that will hand FIH Mauritius effective control of the company. The company’s board approved the issuance of 5.71 crore…
The GPU-maker is flat since April 27, while Intel and Micron have popped more than 30% in that time. Chip stocks are surging at an historic rate. Continue Reading with CNBC-TV18 Access Membership Priority Access and Networking: CNBC-TV18’s flagship events Interaction with CNBC-TV18’s journalists Webinars & LIVE Q&As with India Inc. Leaders Exclusive CNBC-TV18 studio…
A recent analysis by BlackRock shows how much income investors are leaving on the table with cash compared to bonds. While money markets and certificates of deposit are still producing solid yields, sitting in too much cash could be costing investors money. Continue Reading with CNBC-TV18 Access Membership Priority Access and Networking: CNBC-TV18’s flagship events…
Shares of Hero MotoCorp Ltd. opened higher on Thursday, May 7, extending gains for a second straight session, after brokerages reacted to the company’s March quarter earnings. The stock got a boost after Jefferies upgraded Hero MotoCorp from ‘Underperform’ to ‘Hold’, while keeping its price target unchanged at ₹5,000. The brokerage said that the company’s…
Rule changes for faster inclusion and rejiggering the math on free float multiples “smack of late-stage machinations,” the bank said. The SpaceX and Anthropic mega-IPOs may not be the boon to the stock market investors think they’ll be. Continue Reading with CNBC-TV18 Access Membership Priority Access and Networking: CNBC-TV18’s flagship events Interaction with CNBC-TV18’s journalists…
Shares of Hexaware Technologies Ltd. declined on Thursday, May 7, after the company reported its earnings for the first quarter of the calendar year 2026. Its dollar revenue was flat sequentially at $388.5 million compared to $389 million and was up just 4.6% from the previous year. Meanwhile, its constant currency revenue was up 3.2%…
Tony Zhang breaks down this options trade tied to a recovery in bitcoin. Bitcoin has gone from panic liquidation to constructive recovery, and the chart is beginning to reflect that shift. The current price action suggests that we are in the transition from forced selling to accumulation. Continue Reading with CNBC-TV18 Access Membership Priority Access…
Shares of Meesho Ltd. gained as much as 8% in early trade on Thursday, May 7, reacting to their fourth quarter earnings. The company reported a 47.1% increase in its revenue at ₹3,531.2 crore from ₹2,399.9 crore in the previous year. Net loss for the period narrowed to ₹166.3 crore during the quarter, compared to…
