Google-parent Alphabet surpassed revenue expectations for the third quarter. Its advertising and cloud computing divisions showed strong performance. Google Cloud’s growth was fueled by enterprise demand for AI infrastructure. The company’s advertising business also saw steady gains. This comes as competition in the AI and cloud market intensifies.Read More

The Federal Reserve cut interest rates by a quarter percentage point, but Fed Chair Jerome Powell signaled that a December cut is uncertain, leading the Dow lower and the S&P 500 flat. Nvidia reached a $5 trillion market value, boosting the Nasdaq to a record high, as strong earnings reports generally beat expectations.Read More

Post ContentRead More

Groww, a leading online brokerage, is set to launch its Initial Public Offering in the first week of November. The IPO aims for an $8 billion valuation. This move follows a strong financial performance and rapid client acquisition. Groww’s diversified services offer a buffer against industry regulatory challenges.Read More

Post ContentRead More

The Federal Reserve has again cut interest rates by a quarter percentage point, citing a softening labour market and rising employment risks. Policymakers also announced an end to shrinking their asset portfolio by December 1. While economic growth is described as moderate, inflation remains elevated.Read More

Markets edged higher, anticipating the US Fed’s policy outcome and a shift to corporate earnings. Analysts expect the uptrend to continue with Nifty eyeing record highs, advising a selective approach. Several companies like PB Fintech, L&T, and Hero MotoCorp are in focus due to strong Q2 results and expansion plans.Read More

Blackstone may convert Federal Bank warrants early if capital adequacy drops below 13.5%, according to MD KVS Manian. The bank’s current capital adequacy is 15.7%, but acquisitions could trigger this early conversion clause. Blackstone is set to acquire 9.99% in the bank for ₹6,197 crore.Read More

While discussions with potential investors are still at an early stage, the size of the proposed Swiggy QIP, currently at $1 billion, could go up to as high as $1.5 billion, said another person aware of the fundraising. If the placement goes through, Swiggy will be able to increase its domestic shareholding as it considers...Read More

PhonePe, India’s most valuable fintech company, has raised $600 million of new funding from General Atlantic (GA) as it gears up for a local listing early next year. The latest investment reinforces its commitment to back the homegrown consumer internet company even as diversification of income streams has proved harder than expected in a competitive...Read More