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 industry shifts driven by AI.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
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