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
Markets ended higher Tuesday, driven by banks, auto and metals. Lloyds Metals surged on expansion, while Ola Electric and IDBI Bank fell on brokerage cuts and divestment concerns. IT stocks stayed under pressure amid fresh fears of AI-led disruption.Read More
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