Meesho shares surged nearly 10% after JP Morgan initiated coverage with an ‘Overweight’ rating and a Rs 215 price target. The brokerage highlighted Meesho’s potential for significant EBITDA margin expansion and strong net merchandise value growth, driven by advertising monetization and improved logistics. JP Morgan forecasts substantial free cash flow recovery and anticipates market leadership...Read More

Meta shares plunged 7% in extended trading as investors reacted to the company’s plan to sharply increase AI-related spending. The tech giant warned capital expenditure may rise to $145 billion, with CEO Mark Zuckerberg acknowledging uncertainty over returns. Rising regulatory pressures and a rare decline in Daily Active People added to concerns.Read More

French IT firm Capgemini saw its revenue climb seven percent year-on-year in the first quarter. This performance met the company’s expectations. Growth was boosted by strong results in North America, partly due to a recent acquisition. The company has confirmed its revenue growth target for the year. Headcount also saw a significant increase.Read More

Samsung Electronics reported a dramatic surge in first-quarter earnings, driven by soaring memory chip prices amid a global artificial intelligence boom that has tightened supply across the semiconductor industry.Read More

The United States economy continues to demonstrate resilience despite the recent energy price shock linked to geopolitical tensions involving Iran, Federal Reserve Chair Jerome Powell said on Wednesday, as per a Reuters report.Read More

Federal Reserve Chair Jerome Powell has indicated that he plans to remain on the central bank’s Board of Governors even after his term as chair concludes in May, a move that comes at a time when the institution is navigating heightened political scrutiny.Read More

India’s Torrent Power is set ​to inaugurate the first ​acquisition-funded corporate bond sale of the current financial year, ​in what would be the company’s largest debt issuance to date, three merchant bankers told Reuters on Thursday.Read More

The rupee has reached a new record low. This is due to ongoing high energy prices and actions by the US Federal Reserve. The currency has fallen significantly this year. This trend impacts foreign investment returns and increases import costs. India’s external sector faces challenges from trade issues and capital flow weakness.Read More

KFin Technologies saw a dip on Thursday after reporting a 4.6% YoY drop in Q4 FY26 profit, though revenue rose 23%. Jefferies maintained a “buy” rating with a Rs 1,200 target, citing strong MF and international growth. Despite short-term weakness and bearish technical signals, long-term prospects remain supported by robust fundamentals and expansion.Read More

Investors should remain invested in US markets despite record highs, says Naveen Kulkarni of Axis Securities PMS, citing diversification benefits against currency and geopolitical risks. He warns about concentration in tech stocks and AI-driven rally risks, while recommending disciplined global allocation and up to 5% overseas exposure via ETFs HNIs.Read More