Infosys and Wipro ADRs tumbled on the NYSE amid AI-driven fears and higher-than-expected US wholesale inflation. Block’s CEO Jack Dorsey announced significant workforce reductions, citing AI’s potential to enable smaller teams to achieve more, a move that boosted Block’s stock. European markets mostly mirrored the pessimistic sentiment.Read More
French bank BNP Paribas acquired 5.28 lakh shares of State Bank of India for Rs 64 crore. The transaction occurred through a block deal with Societe Generale. SBI shares have shown strong investor returns over the past year. The bank recently surpassed Tata Consultancy Services in market capitalization.Read More
Shares of Dell Technologies jumped 17.5% on Friday after the company forecast revenue from its AI server business will double in fiscal 2027, underscoring surging demand for infrastructure catering to artificial intelligence.Read More
The Government of Singapore, HDFC Mutual Fund and the Monetary Authority of Singapore bought promoter shares worth thousands of crores in Vishal Mega Mart as Samayat Services LLP offloaded a 14% stake via bulk deals. The stock fell despite solid quarterly profit and revenue growth.Read More
Netflix jumped more than 9% on Friday as investors applauded its decision to exit the race for Warner Bros Discovery, a months-long bidding war with Paramount Skydance for some of Hollywood’s most prized assets.Read More
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