A recent US-China meeting signals a pause in trade tensions, with experts noting a shift in power dynamics. While not a clear win for the US, the outcome suggests ongoing concessions and a move towards negotiation as equals. This development could impact India’s supply-chain advantage, but also offers opportunities for emerging markets through ‘subscription diplomacy’ and reduced uncertainty.Read More
Mphasis reported a 10.79% increase in net profit to Rs 469 crore for the July-September quarter, with revenue rising 10.34% to Rs 3,901.91 crore. The company’s CEO highlighted strong total contract value wins of USD 528 million, driven by early investments in AI and a focus on new-gen services.Read More
Kansai Electric Power Co. shares surged 5% after the utility boosted its profit forecast by 22% to 360 billion yen and increased its dividend to 75 yen per share. This positive outlook, coupled with activist investor Elliott’s increased stake, has driven the stock’s recent gains, outperforming the broader market.Read More
Six Nifty500 stocks closed more than 1% above their VWAP on October 30, signalling bullish momentum. According to StockEdge data, the move suggests strong buying interest, with Chennai Petroleum, PB Fintech, and Neuland Laboratories among the top gainers. A close above VWAP often reflects positive market sentiment and accumulation.Read More
China’s factory activity contracted for a seventh month in October as weak domestic demand and a faltering property sector weighed on growth, despite modest gains in industrial output and profits.Read More
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