Block Inc. is reducing its workforce by 4,000 employees. CEO Jack Dorsey believes artificial intelligence tools will enable a smaller team to perform better. This strategic move aims to make Block a more valuable, intelligence-native company. The company’s financial fundamentals remain strong, with gross profit and customer base expanding. This decision is proactive, anticipating broader...Read More

Shares of microfinance-linked lenders fell sharply after Bihar passed a bill tightening regulations on MFIs. While the move may have limited immediate financial impact, analysts warn of slower credit growth, rising compliance costs, and potential asset quality stress, especially if similar measures are adopted across other states.Read More

Shares of Tejas Networks rose sharply on Friday, extending their rise to Day 2 after the company announced a partnership with NEC Corporation to supply 5G Massive MIMO radios. The agreement strengthens Tejas’ global telecom presence and supports broader expansion in next-generation wireless networks.Read More

March has historically favored bulls, with the Nifty closing higher in eight of the past 10 years. This trend has largely been driven by strong FII participation, who were net buyers 70% of the time, supported by DIIs who bought in seven of the last 10 years.Read More

JM Financial has initiated coverage on newly listed Urban Company and PhysicsWallah with Buy ratings, highlighting strong growth prospects and scalable models. The brokerage sees a 16% upside for Urban Company with a Rs 125 target, while PhysicsWallah’s Rs 110 target implies a 23.5% upside, supported by digital strength and expansion plans.Read More

Indian real estate stocks have fallen up to 20% so far this year as investors worry that AI-led disruption in the IT sector could slow hiring and weaken housing demand in tech hubs such as Bengaluru. Experts say the AI narrative has become a key near-term overhang for the sector, prompting caution and raising the...Read More

Japan’s government bond yields declined on Friday. Investors bought bonds to align portfolios with market indexes. This demand increased as large volumes of Japanese government bonds mature soon. Tokyo price data showed inflation slowed, falling below the Bank of Japan’s target. This development was anticipated by the market.Read More

US 30-year fixed mortgage rates dipped below 6% for the first time in 3.5 years, reaching 5.98%. This decline, linked to Treasury yield drops, is seen as temporary by economists. While a psychological boost, it’s unlikely to significantly revive housing demand without increased supply, as many homeowners remain ‘rate-locked’ with lower existing mortgages.Read More

Indian stock markets experienced a downturn on Friday, with the Sensex and Nifty50 falling significantly despite IT sector gains. FMCG and banking stocks led the decline, while foreign institutional investors offloaded shares. Global markets also showed weakness, with the Nasdaq Composite closing lower. Crude oil prices eased amid diplomatic efforts.Read More

Nintendo is set to sell shares worth about 300 billion yen. Major banks including MUFG Bank and Bank of Kyoto will sell their stakes in the ‘Super Mario’ maker. This move is part of a broader trend in Japan to reduce cross-shareholdings. Nintendo may also conduct a share buyback. A decision is expected soon.Read More