U.S. stocks plunged Friday, with major indexes hitting over six-month lows as the Middle East war suppressed risk appetite. Megacap and software stocks led the decline, while rising oil prices fueled inflation fears and dampened rate cut expectations. Markets now anticipate potential Fed rate hikes.Read More

Online ​furniture ​rental platform ​Rentomojo has filed for an initial ‌public ⁠offering ⁠in ​Mumbai, according to a ​draft prospectus dated Friday.Read More

Citigroup has denied a Bloomberg report suggesting it was considering acquiring a U.S. regional bank, stating the speculation is “baseless.” The bank emphasized its sole focus remains on organic growth and executing its ongoing transformation strategy. This denial comes as Citigroup works to complete regulatory compliance and improve profitability.Read More

Reliance Industries Ltd. is planning a massive IPO for its telecom arm, Jio Platforms Ltd. The company is setting investment banking fees at a competitive 0.65% of the issue size. This move is in line with the National Stock Exchange of India Ltd.’s proposed fees. The Jio IPO could be India’s largest ever.Read More

Rocket Pharmaceuticals’ shares dropped significantly after gaining FDA approval for Kresladi, a gene therapy for a rare childhood immune disorder. Investors are concerned about practical challenges limiting patient access, despite the drug’s potential to help those with severe Leukocyte Adhesion Deficiency-I. The company plans a phased launch with limited availability.Read More

The Indian rupee hit a record low of 94.81 against the dollar, nearing 95, as surging crude oil prices and a potentially prolonged West Asia conflict weighed on the currency. Mild central bank intervention offered little respite, with traders now forecasting levels as weak as 97 per dollar.Read More

Philadelphia Federal Reserve President ​Anna Paulson said on ​Friday the Iran war is creating challenges for ​the U.S. economy, while stopping short of saying what that might mean for near-term changes in monetary policy.Read More

From rocket launches drawing millions of YouTube views to social media frenzy over its ​potential listing, SpaceX’s debut is shaping up to ​be a landmark moment for Wall Street.Read More

BYD , China’s ​biggest electric ​vehicle maker by ​sales, on Friday posted its first annual profit drop in ‌four ⁠years, hit ⁠by weak sales in ​the world’s largest auto market.Read More

Securities and Exchange Board of India approved IPOs of six companies, including Vishvaraj Environment and SAEL Industries. Firms span sectors like renewable energy, chemicals and SaaS, while Jindal Supreme withdrew its draft papers, reflecting active primary market momentum.Read More