Smartphone chip designer Qualcomm on Tuesday unveiled a $20 billion stock buyback program as it looks to take advantage of a steep drop in its share price, which has been hit by a global memory supply crunch that is expected to slow handset manufacturing.Read More
Delta Air Lines raised its first-quarter revenue forecast in light of robust travel demand, offsetting a hit from spiking jet fuel costs due to the Middle East war.Read More
Investors are offloading software loans in debt vehicles at a discount, in the latest sign of pain in the software industry, which is being upended by AI.Read More
Muthoot FinCorp, a prominent gold loan lender, is reportedly planning an Initial Public Offering (IPO) that could raise up to $300 million. The company is in discussions with bankers for the offering, which is expected to be a mix of new and existing shares. This move comes despite a challenging market environment for new listings.Read More
The rupee hit an all-time low of 92.40 against the US dollar on Tuesday, pressured by rising crude oil prices and sustained foreign fund outflows amid the West Asia crisis. Despite a positive trend in domestic equity markets, investors remained watchful of the US Federal Reserve’s interest rate decision.Read More
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