Nazara Technologies’ shares dipped after reporting a 24% YoY decline in Q3 operating revenue to Rs 405.9 crore, primarily due to the deconsolidation of Nodwin Gaming. Despite this, the company returned to sequential profitability with an Rs 8.8 crore net profit. Strong nine-month performance and growth in Kiddopia and IP expansion were also noted.Read More
Gold and silver futures extended gains for a second session, driven by geopolitical tensions after the US shot down an Iranian drone, along with bargain buying and a softer dollar. MCX silver jumped 4% and gold rose 3%, while global prices surged to multi-year highs. Analysts expect continued volatility amid dollar moves and geopolitical risks.Read More
Toronto-based Thomson Reuters, which owns the Westlaw legal database, slumped by nearly 18%. It is on track for its ‌biggest daily loss on record and lowest close since JRead More
India and the US have finalized a landmark trade deal, significantly reducing tariffs on Indian exports to the US from 50% to 18%. This pact is expected to boost several Indian companies, particularly in the textile, auto ancillary, and electronics sectors, by improving their competitiveness and opening new export opportunities.Read More
India’s economy is set for a major boost. A new trade deal with the United States will lower tariffs significantly. This makes India more competitive in Southeast Asia. Sectors like textiles and manufacturing will benefit. The Indian rupee is expected to strengthen. This agreement removes economic uncertainty and encourages investment. India’s integration into global supply...Read More
Indian IT stocks experienced a significant selloff on Wednesday. Investors reacted to fears that artificial intelligence could make traditional software and IT services outdated. This led to a substantial drop in market value for major IT companies. Global tech stocks also saw declines. The concern is that AI advancements may increase competition and reduce profitability...Read More
Kotak Mutual Fund has launched the Kotak Services Fund, an open-ended equity scheme. This fund provides investors an opportunity to invest in India’s services sector, which is a major driver of the nation’s economy. The sector contributes significantly to Gross Value Added and employment. The fund aims to capture growth opportunities through a disciplined investment...Read More
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