Astra Microwave Products is planning a demerger. Its space, meteorology, and hydrology business will become a new company called Astra Space Technologies Private Limited. This move aims for sharper management focus and better operational efficiency. Shareholders can expect value unlocking. The company expects to complete this by the first quarter of FY28.Read More
Redington shares surged up to 17% after a teaser from Apple CEO Tim Cook hinted at major product launches next week. With Apple contributing nearly one-third of Redington’s revenue, investor enthusiasm spiked ahead of expected updates to iPhone, iPad and Mac lineups, reinforcing optimism around the distributor’s growth prospects.Read More
Nifty and Sensex tumbled sharply amid broad-based selling in auto, financial and FMCG stocks. Several counters including XTGlobal Infotech and Tejas Networks rallied, even as others declined on regulatory and deal-driven triggers.Read More
Realty firm Brigade Group has tied up with Primus Senior Living to develop three housing projects in South India for elderly people with an estimated revenue of Rs 750 crore.Read More
Shares of Block jumped over 20% after Jack Dorsey announced strong Q4 profits and plans to cut 4,000 jobs, citing rising AI-driven efficiency. Markets rewarded the structural cost reset, highlighting how investors increasingly favour productivity gains from artificial intelligence over workforce size, despite concerns around social and organisational impact.Read More
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