Ed Clissold, Chief US Strategist at Ned Davis Research, believes markets are continuing to price in hopes of a diplomatic breakthrough, even as geopolitical tensions and trade uncertainty remain elevated. He warns that investors may be underestimating the downside risks if US President Donald Trump fails to secure a deal, especially as markets have largely…
Larsen and Toubro (L&T) Ltd. on Friday, May 8, said its energy hydrocarbon onshore vertical secured a ‘significant’ engineering procurement and construction (EPC) order from Bharat Coal Gasification and Chemicals Ltd. (BCGCL) for a coal-to-ammonium-nitrate project in Odisha. BCGCL is a joint venture of Coal India Ltd. and Bharat Heavy Electricals Ltd. (BHEL). L&T classifies…
Cloudflare said on Thursday it would cut about 20% of its workforce as the company restructures operations around the rapid adoption of artificial intelligence tools and forecast second-quarter revenue slightly below Wall Street expectations. The internet infrastructure and cybersecurity company plans to cut more than 1,100 jobs globally. It had 5,156 full-time employees at the…
Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services, said the brokerage remains positive on BSE Ltd. with a ₹4,400 target as cash market share gains and NSE’s expected listing could support growth. He also highlighted strong opportunities in AI-linked sectors such as power, cables and data centres, maintained a buy call…
Shares of Vikram Solar Ltd. declined as much as 4% on Friday, May 8, after the company reported a mixed quarterly performance, with revenue beating Bloomberg estimates but margins and profit falling short amid rising raw material costs. The company said inflation in input costs weighed on profitability during the quarter, while module realisations declined…
US bond markets are flashing a warning that equity markets have so far ignored, and the forces pushing long-end yields higher are not going to ease quickly, according to Neeraj Seth, Founder and Chief Investment Officer at 3R Investment Management. The yield on the US 10-year Treasury note stood around 4.35% this week, while the…
Taiwan Semiconductor Manufacturing Co. posted its slowest pace of monthly revenue expansion since October, highlighting the potential challenges of sustaining a torrid AI-fuelled pace of growth. Sales in April rose 17.5% to NT$410.7 billion ($13.1 billion), their smallest rise in about six months. While the rise reflects just 30 days of business and its revenue…
US markets ended higher on Friday, with the S&P 500 and Nasdaq Composite scaling fresh record highs after stronger-than-expected US jobs data reinforced optimism around the resilience of the economy despite ongoing geopolitical tensions in West Asia. The S&P 500 advanced 0.8% to close at a record high, while the Nasdaq Composite surged 1.7% to…
Titan Share Price Target 2026: Tata Group company gets ‘buy’ rating post Q4 (Image source: Canva/ET Now) Titan Share Price Target 2026: A day after reporting a strong set of earnings for the fiscal fourth quarter, Titan Company, the fashion accessories, jewellery, watches and eyewear businesses of Tata Group, has received a bullish outlook from…
Cera Sanitaryware Ltd. reported its fourth quarter earnings on Friday, May 8, with its numbers largely lower on a year-on-year basis. Barring the company’s revenue, which increased from the year-ago period, its net profit, EBITDA, and margins declined from the comparable quarter.. The company’s net profit fell 9.7% to ₹77.3 crore from ₹85.6 crore in…
