Reliance Industries is poised for a mixed financial quarter. Revenue is expected to grow steadily, driven by its telecom and retail businesses. However, profitability may face pressure from its O2C and upstream segments. Brokerage estimates project a varied net profit range. Reliance will announce its earnings on Friday, April 24.Read More
Global brokerage Bernstein has cautioned India against becoming a mere user of future technology. The firm suggests that continued reliance on subsidies and delayed reforms could lead to low productivity. Bernstein outlines eight critical themes, including AI, agriculture, energy, and manufacturing, as a roadmap for India’s next decade.Read More
Indian investors can note the US stock market’s surprising rise. Strong company earnings are powering this rally, overshadowing worries about oil prices and global tensions. Major stock indexes are hitting new highs. This trend suggests corporate performance is currently more influential than public sentiment. Analysts anticipate continued profit growth, indicating a resilient market.Read More
US equities are defying global market headwinds, with the S&P 500 and Nasdaq hitting record highs. This rally is driven by strong corporate earnings and supported by historical market momentum. For Indian investors, currency depreciation has amplified returns, reinforcing the case for global diversification.Read More
Tech Mahindra shares slipped after reporting a 16% rise in quarterly profit, with revenue growth supporting sentiment despite cautious outlooks. The stock remained under pressure as brokerages flagged valuation concerns, even as strong deal wins and AI-led momentum provided some support, keeping short-term price action mixed amid uneven market response.Read More
Tech Mahindra reported steady quarterly results. A significant deal with Orange in Europe offers future revenue potential. The company is supporting AI firms through cloud services. A recent headcount reduction is noted. Analysts are awaiting management guidance for FY27 to assess future growth prospects. Dividend yield is a key attraction for investors.Read More
Several Gulf allies and Asian economies are seeking US dollar liquidity through foreign exchange swap lines, according to Treasury Secretary Scott Bessent. This move aims to stabilize global financial markets amid geopolitical stress and currency volatility, reinforcing the US dollar’s dominant global role. Discussions are ongoing, particularly with the UAE.Read More
Japan’s Nikkei surged past the 60,000 mark for the first time, driven by strong gains in technology stocks and easing geopolitical tensions. However, the index later pared gains as broader market weakness and narrow participation weighed on sentiment, highlighting a rally concentrated in select large-cap tech names rather than broad-based strength.Read More
Delta Corp shares fell over 3% after reporting a 90% year-on-year drop in Q4 profit, alongside weaker revenue and EBITDA performance. Despite announcing a dividend, the stock remains under pressure, with long-term weakness intact even as valuations appear inexpensive and technical indicators signal mixed momentum with overbought near-term conditions.Read More
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