Shares of Oracle Financial Services Software (OFSS) rallied over sharply after parent Oracle’s U.S. stock soared on a blockbuster cloud forecast. Oracle’s multi-billion-dollar client wins and aggressive expansion in multi-cloud services boosted optimism that OFSS will benefit from higher license and cloud revenue growth.Read More
Political unrest in Nepal poses only a minor risk to FMCG firms, says Abneesh Roy, noting exposure is limited. He expects GST cuts and recovering paint demand to drive stronger consumption and margins in H2, cushioning near-term pressures from floods and Nepal’s instability.Read More
CarTrade Tech shares plunged 18.7% after JM Financial downgraded the stock to ‘Sell’ and cut its target price to Rs 1,910, citing rich valuations, B2B revenue dependence, and structural risks from generative AI adoption. Shares partially recovered, trading 10% lower amid volatile market sentiment.Read More
Airfloa Rail Technology’s Rs 91 crore IPO opens September 11 on BSE SME, closing September 15, with listing on September 18. The company, a supplier to Indian Railways, manufactures rolling stock components and interiors. Strong GMP and robust financial growth highlight investor interest in this seasoned OEM.Read More
Larry Ellison surged closer to surpassing Elon Musk as the world’s richest person after cafter-hours shares jumped over 26%, potentially boosting his net worth by $70 billion. The 81-year-old co-founder’s fortune is heavily tied to Oracle, whose stock has risen 45% this year, while Tesla shares have fallen 14%, trimming Musk’s wealth.Read More
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