Shares of Vedanta Ltd. gained up to 5% on Wednesday, April 29, a day before it begins trading adjusted for its demerger. The Anil Agarwal-owned mining conglomerate also reported its quarterly results. Net profit for the period increased by 88.5% to ₹9,532 crore from ₹4,961 crore last year, while revenue went up by 47.5% on…
The initial public offering (IPO) of Temasek-backed OnEMI Technology Solutions, the fintech firm behind the Kissht platform, will open for subscription on April 30 and close on May 5. Ahead of the issue opening, the company raised ₹277.7 crore from anchor investors. The anchor book saw participation from marquee institutions such as Citigroup Global Markets…
Asian shares declined during open on Thursday, Aoril 30, while Brent crude prices gained. Japan’s Nikkei index was down 0.8%, while South Korea’s Kospi index was little changed. US equity-index futures advanced, lifted by late-session gains in tech giants, as the artificial intelligence trade remained a key driver of markets, while oil prices surged on…
Samsung Electronics said on Thursday its operating profit jumped eightfold to a record in the first quarter, underpinned by higher chip prices as an artificial intelligence boom led to a supply crunch. Samsung expects earnings to improve further in the second quarter, saying investment in AI infrastructure would continue to expand, driving up memory chip…
Qualcomm forecast third-quarter results below expectations, but CEO Cristiano Amon’s upbeat comments on a recovery in its core smartphone business and data centre opportunities pushed its shares up 15% in extended trading. In an interview with Reuters, Amon said the chipmaker was confident that the smartphone market will start to rebound after its fiscal third…
Brokerage firm Citi has upgraded its recommendation on Bajaj Finance to “buy” from its earlier rating of “neutral” in its note on Thursday, April 30, in response to its fourth quarter results that were reported after market hours on Wednesday. Citi has also raised its price target on Bajaj Finance to ₹1,120 from ₹1,090 earlier….
Shares of Kfin Technologies Ltd. are trading about 2% lower on Thursday, April 30, after the company’s Q4FY26 performance came in softer sequentially, with revenue, operating profit, and PAT all declining compared to Q3. The quarter saw weakness across segments, while an exceptional expense of ₹4 crore was recognised due to labour code-related changes. Despite…
Biocon Ltd. shares declined in early trade on Thursday, April 30, after the company said the US drug regulator has issued a Form 483 with five observations for the company’s biosimilars site in Bengaluru. Biocon said the US Food and Drug Administration issued a Form 483, after completing its pre-licence inspection at Biocon’s biosimilars site…
Shares of Motilal Oswal Financial Services Ltd. opened lower on Thursday, April 30, after the company reported a weak Q4FY26, with mark-to-market (MTM) losses dragging it into a net loss despite stable core operations. However, the stock erased its early losses and are now trading about 2% higher. The company reported an MTM loss of…
Marc Franklin, Deputy Head of Multi Asset Solutions, Asia at Manulife Investments, sees global markets entering a phase of sharper differentiation, where capital flows, energy exposure and artificial intelligence (AI) linked growth will define winners and laggards. His outlook suggests that the era of broad-based rallies is giving way to a more selective market environment…
