Tech megacaps propelled stocks to new highs, fueled by AI-driven earnings expectations. Microsoft’s OpenAI pact and Apple’s market cap milestone highlight the sector’s strength. Investors anticipate continued demand for AI infrastructure, with the “Magnificent Seven” projected to outperform the broader S&P 500 despite a slowdown in profit growth.Read More

Securities and Exchange Board of India has asked Multi Commodity Exchange of India for a detailed report. A technical glitch caused a delay of over four hours in trading on Tuesday. Brokers and traders could not log in or execute trades. MCX shifted operations to a disaster recovery site. Trading resumed later in the afternoon.Read More

September saw record spending on credit cards and a surge in new card additions. Festivals and tax cuts fueled domestic consumption. Total monthly card spends exceeded ₹2.16 lakh crore, a significant year-on-year increase. E-commerce spending was particularly strong. This trend is expected to continue into October with ongoing festive promotions and discounts.Read More

Orkla India secured Rs 500 crore from anchor investors. This precedes its Rs 1,667 crore Initial Public Offering opening on October 29. The company, known for MTR and Eastern brands, is offering shares through a complete Offer for Sale. Promoters and other shareholders are divesting stakes. Orkla India will list on November 6.Read More

Markets are holding steady ahead of the Federal Reserve’s interest rate decision on Wednesday. Investors are anticipating a 25 basis point rate cut. Recent US data on consumer confidence and private payrolls showed minimal impact on Treasury yields. Attention is also on how the Fed will consider the US government shutdown’s economic effects.Read More

India’s market regulator Securities and Exchange Board of India (SEBI) issued an order late on OctRead More

Advent International’s affiliate Jomei Investments has divested its entire 2% equity stake in Aditya Birla Capital for approximately $186.47 million. The sale of 53.2 million shares occurred at a slight discount to the previous day’s closing price. This follows a previous sale of a 1.4% stake by Advent International in June.Read More

The company had clocked a net profit of Rs 860.47 crore in the July-September period of the preceding 2024-25 financial year, the Naveen Jindal Group entity said in an exchange filing.However, the company’s total income rose to Rs 11,707.82 crore from Rs 11,248.14 crore in the second quarter a year agoRead More

A technical glitch forced MCX to delay market opening and shift operations to its Disaster Recovery site. The exchange launched an investigation to identify the cause and promised corrective action. MCX shares fell 2% amid investor concern over recurring system issuesRead More

Adani Total Gas Ltd, the city gas joint venture between Adani Group and TotalEnergies of France, on Tuesday reported a 9 per cent fall in its September quarter net profit on a rise in input gas prices.Read More