Lenovo reported a 5% decline in its second-quarter profit, even as revenue rose to $20.5 billion, slightly above market expectations. Net profit came in at $340 million, missing analyst estimates.Read More
Barclays strategists have boosted their S&P 500 year-end 2026 target to 7,400, anticipating an 11.4% rise driven by megacap tech strength and a supportive monetary and fiscal outlook. They foresee faster tech earnings growth, though acknowledge potential headwinds for other sectors due to inflation and unemployment.Read More
China’s central bank held key lending rates steady for the sixth month. This indicates less immediate need for monetary easing. Economic data shows a slowdown. However, a trade truce with the US has eased some pressure. Analysts expect policy adjustments to be delayed rather than abandoned.Read More
Shaadi, a leading Indian marriage matchmaking service, is gearing up for its initial public offering. The Mumbai-based company is in early-stage discussions with investment bankers about a potential listing. This move comes as India’s IPO market remains robust, with companies actively pursuing public offerings. Details regarding valuation and timing are still under consideration.Read More
Investment banks are set for another lucrative year as India’s IPO super-cycle continues. Companies have raised over ₹1.50 lakh crore this year, with lead managers earning substantial fees. This boom, fueled by market liquidity and PE exits, sees companies capitalizing on strong investor appetite, ensuring a win-win for issuers, investors, and bankers.Read More
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