CarTrade Tech shares plunged 18.7% after JM Financial downgraded the stock to ‘Sell’ and cut its target price to Rs 1,910, citing rich valuations, B2B revenue dependence, and structural risks from generative AI adoption. Shares partially recovered, trading 10% lower amid volatile market sentiment.Read More

Airfloa Rail Technology’s Rs 91 crore IPO opens September 11 on BSE SME, closing September 15, with listing on September 18. The company, a supplier to Indian Railways, manufactures rolling stock components and interiors. Strong GMP and robust financial growth highlight investor interest in this seasoned OEM.Read More

Larry Ellison surged closer to surpassing Elon Musk as the world’s richest person after cafter-hours shares jumped over 26%, potentially boosting his net worth by $70 billion. The 81-year-old co-founder’s fortune is heavily tied to Oracle, whose stock has risen 45% this year, while Tesla shares have fallen 14%, trimming Musk’s wealth.Read More

Indian IT stocks continued their rebound on Tuesday, with the Nifty IT index posting gains for the second straight session. Broad-based buying lifted both large- and mid-cap stocks, driven by renewed sector optimism.Read More

InCred Asset’s Aditya Sood suggests Indian markets are poised for a comeback, hinging on earnings growth. Despite recent flat returns, potential US Federal Reserve rate cuts and a favorable bond spread create a supportive environment. Sood is cautiously optimistic, favoring healthcare, rural-focused consumer stocks, and select IT firms like Infosys for steady compounding.Read More

September’s crypto market shows cautious optimism. Key picks include AERO, PUMP, LDO, ETH, and ETHFI, driven by adoption, staking growth, ETF inflows, and real-world utility, offering varying risk-return opportunities.Read More

Dev Accelerator’s Rs 143.35 crore IPO was fully subscribed within hours on Day 1, driven by strong retail demand. The company’s shares are trading at a grey market premium of 13%, highlighting robust investor interest in the flexible workspace solutions provider ahead of its September 12 subscription close.Read More

Economist Ed Yardeni suggests the Fed’s September rate cut hinges on upcoming inflation data; hotter data points to a 25 basis point cut, while cooler data could prompt a 50 basis point reduction. He cautions lower rates won’t solve labor shortages and might inflate the market. Yardeni also highlights India’s strategic importance amid global trade...Read More

Saudia Aramco has initiated the sale of a U.S. dollar Islamic bond. The offering includes five- and ten-year tranches. This move occurs amidst a surge in bond issuance from the Gulf region. The sale aims to leverage Aramco’s balance sheet due to weaker oil prices. However, regional tensions, including recent events involving Israel and Qatar,...Read More

Oracle’s shares experienced a significant surge, climbing 31% in Frankfurt following the company’s projection of its Oracle Cloud Infrastructure business exceeding half a trillion dollars in booked revenue. This positive outlook also influenced European markets, with German software maker SAP seeing a 2% increase. Oracle’s stock has demonstrated substantial growth this year, rising 45%.Read More