Crude oil prices jumped in early Asia trading on Friday, May 8, after another round of clashes between the US and Iran in the Persian Gulf, threatening an already fragile ceasefire in place for over a month. Prices on the West Texas Intermediate (WTI), the US Crude variant gained as much as 4% to test…
Jonathan Schiessl, Deputy Chief Investment Officer, Westminster Asset Management believes strong US earnings are continuing to drive global equity markets higher, especially semiconductor stocks, despite rising concerns around inflation and bond yields. He said India remains an attractive long-term market, but global investors are still cautious on allocations for now. Schiessl also pointed to China’s…
Bharat Forge has guided for a sharp rise in defence business growth in FY27, while also betting on data centre demand and artificial intelligence-led efficiencies to drive its next phase of expansion. Speaking to CNBC-TV18, after the company’s March quarter earnings, Chairman and Managing Director Baba Kalyani said the company expects its defence business to…
The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a petition against Prime Focus Limited under Section 7 of the Insolvency and Bankruptcy Code over an alleged financial debt of ₹353.79 crore, according to a company filing. The petition was filed by Reliance Alpha Services Private Limited, which has claimed the debt, including interest,…
Wall Street futures traded cautiously higher on Thursday after the benchmark S&P 500 touched fresh record highs, as hopes of a potential agreement between the US and Iran to end the ongoing conflict buoyed investor sentiment. S&P 500 futures edged up 0.1%, while futures tied to the Dow Jones Industrial Average gained 44 points, or…
The benchmark Nifty 50 index extended its recent pattern of alternating gains and losses on Thursday, May 7, slipping marginally by 4 points to close at 24,326 after Wednesday’s sharp rally. The index opened 68 points higher and climbed to an intraday high of 24,482 in early trade. However, repeated failures to decisively cross the…
Sensex Prediction Today: Market participants will now closely watch whether the index can hold key support levels or regain momentum today, May 8. Sensex Prediction Today, May 8 by experts: Indian benchmark indices ended lower in a choppy trade on Thursday after trading in a narrow range throughout the session, even as broader markets outperformed…
Gravita India reported a 3.4% year-on-year decline in net profit for the fourth quarter at ₹92 crore, compared with ₹95 crore in the corresponding quarter last year. Revenue for Q4FY26 rose 13.1% year-on-year to ₹1,173 crore from ₹1,037 crore, while earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 22% to ₹113 crore from ₹92…
The company has recommended a final dividend of ₹10 per equity share of face value ₹2, subject to approval of shareholders at the ensuing 21st AGM. Shares of BSE Ltd ended at ₹3,981, up by ₹128.90, or 3.35%, on the NSE today, May 7. 1 Min Read Leading stock exchange BSE Ltd on Thursday (May…
A block deal has been launched in eyewear major Lenskart Solutions Ltd on Thursday (May 7), with 7.2 crore shares likely to change hands in a transaction worth ₹3,293.6 crore at ₹470 per share, according to sources. The deal is expected to involve exits by Birdseye View Holding, TR Capital Mauritius, ABG Capital and Kariba…
