Microsoft announced impressive quarterly earnings, with revenue surging due to high demand for artificial intelligence services. This boosted its cloud computing business significantly. However, the company’s stock saw a decline as investors worried about how quickly AI will generate profits. An Azure cloud service outage also impacted operations. Microsoft continues to invest heavily in AI,...Read More
Oil prices are steady as traders await crucial U.S.-China trade talks. Hopes are high for a de-escalation of trade tensions that have impacted global growth. Investors are also watching for signals from the U.S. Federal Reserve’s recent interest rate cut. A significant drop in U.S. crude inventories also supports the market.Read More
The dollar strengthened on Thursday. Federal Reserve Chair Jerome Powell indicated a potential pause in rate cuts. This pushed the yen to an eight-month low. Markets await the Bank of Japan’s policy decision. A meeting between US President Donald Trump and China’s leader Xi Jinping is also scheduled. Investors anticipate discussions to ease trade tensions.Read More
Gold prices saw a rise on Thursday. This was due to a weaker dollar and a quarter percentage point rate cut by the U.S. Federal Reserve. Investors are watching for a meeting between U.S. President Trump and Chinese leader Xi Jinping. Other precious metals like silver, platinum, and palladium also gained. Economic data from Europe...Read More
OpenAI is reportedly planning a massive initial public offering. The artificial intelligence company could be valued at up to one trillion dollars. Preparations are underway for a potential listing as early as late 2026 or 2027. This move follows a significant restructuring. The company aims to raise substantial capital for future AI infrastructure investments.Read More
Two-wheeler helmet major Studds Accessories launched its Rs 455.49 crore IPO today, an offer for sale with a price band of Rs 557–585 per share. The company, India’s largest helmet manufacturer, reported steady growth with FY25 income at Rs 595.9 crore and PAT at Rs 69.6 crore.Read More
Larsen & Toubro’s Q2 FY25 net profit climbed 16% to Rs 3,926 crore, fueled by a 10% revenue jump to Rs 67,984 crore. The engineering giant secured Rs 1.15 lakh crore in new orders, a 45% surge, across diverse sectors. Brokerages like Morgan Stanley maintain an ‘Overweight’ rating, citing strong growth prospects.Read More
Today is the final chance for investors to buy shares in Coforge and Laurus Labs for upcoming dividends. Their ex-dividend date is tomorrow, October 31. Shareholders on record today will receive interim dividends. Coforge offers Rs 4 per share. Laurus Labs provides Rs 0.8 per share.Read More
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