Oracle shares saw a significant surge. This happened after a strong forecast for its cloud sector. Larry Ellison’s wealth increased substantially. He briefly surpassed Elon Musk as the world’s richest person. OpenAI plans a large purchase of Oracle’s computing power. Oracle is becoming a major player in AI cloud computing. It competes with Microsoft and...Read More

Several prominent saree retailers from South India, including RSB Retail, Marri Retail, Pothys, and Nalli Silk Sarees, are preparing to launch IPOs in the next 6-8 months, aiming to raise approximately ₹20,000 crore.Read More

ICRA Ratings anticipates one-year bank deposit rates have bottomed out at 6%, projecting a moderate transmission of policy rates to lending rates by Q4. While deposit rates are unlikely to fall to pandemic levels, banks might lower them if credit growth lags and liquidity remains high.Read More

Singapore’s Temasek-backed Fullerton Financial is re-entering Indian financial services. It plans to invest ₹2,000 crore in Lendingkart Finance. This will help Lendingkart expand its loan book. Fullerton has already increased its stake in Lendingkart Technologies. It has also assumed management control. The company aims to disburse fresh loans and launch secured products.Read More

Sumitomo Mitsui Banking Corporation divested its 1.65% stake in Kotak Mahindra Bank for Rs 6,256 crore through block deals, with shares sold at Rs 1,940.8 apiece to various domestic and foreign investors. Kotak Mahindra Bank’s shares closed higher, despite trading below key moving averages.Read More

The Swedish buy-now-pay-later company Klarna made its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year.Read More

Indian markets extended gains for the sixth session as Nifty and Sensex closed higher, driven by optimism over India–US trade talks, potential GST cuts, and expectations of a U.S. Fed rate cut.Read More

Nifty extended gains for the sixth session, supported by IT and financial stocks. Analysts see bullish momentum with Nifty above 21EMA. Experts recommend HAL, NLC, BEL, Indraprastha Medical, and Waaree Energies as top stock picks for Thursday.Read More

Oracle shares soared 41% on Nasdaq after unveiling an AI Center of Excellence for healthcare. The rally pushed year-to-date gains above 100% and lifted co-founder Larry Ellison past Elon Musk as the world’s richest man.Read More

Trump Media and Technology Group announced the filing for five new exchange-traded funds with the U.S. Securities and Exchange Commission on Wednesday.Read More