InterGlobe Aviation, parent of IndiGo, reported a Q2FY26 net loss of Rs 2,582 crore, reversing from a profit of Rs 2,176 crore in Q1. Revenue rose 9% YoY to Rs 18,555 crore, but rising costs and forex losses pressured margins. Brokerage Nuvama maintains a ‘Hold’ rating with a target of Rs 5,330, citing cautious outlook...Read More
Titan Company is poised for continued strong performance throughout the fiscal year, fueled by robust festive and wedding demand. Initiatives like offering lower karat jewelry and strategic international expansion, including the Damas Jewellery acquisition, are driving growth. Analysts are revising estimates upwards, reflecting confidence in Titan’s sustained momentum.Read More
State Bank of India shares surged following strong September-quarter results, with analysts upgrading price targets and projecting a 7-20% upside. The bank’s profit after tax rose 10% year-on-year, beating estimates, and asset quality improved. This performance has attracted renewed investor interest in public sector banks.Read More
Indian equities closed lower amid persistent FII outflows, with market direction hinging on Q2 earnings and global macro signals. Positive US-India trade talks could boost sentiment and export-linked sectors. The rupee recovered, gaining 7 paise against the dollar, supported by a correction in global crude oil prices.Read More
The US dollar remains strong near recent peaks. Riskier assets like the Australian and New Zealand dollars saw gains. Investors anticipate a dovish tone from the Bank of England, even if no rate cut occurs today. Sterling faces pressure ahead of the BoE announcement. The dollar’s strength is supported by higher US yields.Read More
Oil prices remained largely flat early Thursday, following a dip to two-week lows due to weaker demand and a global oil glut. U.S. crude stocks unexpectedly surged last week, adding to oversupply concerns. Analysts predict continued downward pressure on prices, forecasting further declines by the end of 2025 and 2026.Read More
Bitcoin’s value has dropped significantly. This decline is not due to forced selling from leverage. Instead, long-term holders are selling their Bitcoin. This is causing a market imbalance. New buyers are not stepping in to absorb the supply. This trend could continue for several months.Read More
New York City’s financial sector braces for a new era with Mayor Zohran Mamdani’s election. Business leaders express apprehension about potential impacts on the city’s competitiveness and appeal. While some hope for moderation, others worry about proposed tax hikes and rent controls. The city’s economic future under Mamdani’s leadership is now a key focus.Read More
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