The Indian rupee edged slightly higher on Thursday, thanks to robust local share inflows and state banks’ dollar sales that supported the currency’s performance. While importers were actively engaged in purchasing dollars for hedging, their demand was effectively managed.Read More
WazirX is set to resume operations on October 24, offering 0% trading fees on select crypto pairs, including USDT/INR. The exchange has partnered with BitGo for insured custody, strengthening asset protection, regulatory compliance, and preparing for token distributions to creditors as part of its restructuring.Read More
Vodafone Idea shares surged 6.5% to ₹9.01, extending a three-day rally amid optimism over its indigenous 4G-5G rollout and anticipation ahead of the Supreme Court’s AGR case hearing on October 27.Read More
Dr Reddy’s Laboratories is expected to post steady September-quarter earnings with 10–14% revenue growth led by India and Europe, though US pricing pressure and weaker product mix may compress margins. Brokerages project up to 18% YoY profit growth.Read More
New GST rate cuts will boost organized apparel retailers. Festive and wedding seasons are driving consumer spending. Easing food prices and softer inflation also improve sentiment. This should add 200 basis points to revenue growth. Larger brands will capture demand faster. Smaller retailers will also benefit, drawing consumers from the unorganized sector. Growth is expected...Read More
Nokia reported third-quarter profit which was ahead of market expectations on Thursday, driven by strong optical and cloud demand, including AI-focused data centre sales following its Infinera acquisitionRead More
European shares edged higher on Thursday as a wave of positive corporate earnings boosted sentiment, while investors awaited trade developments between the United States and China.Read More
Beyond Meat shares soared over 1,300% in four days, driven by a social media frenzy reminiscent of GameStop. The rally followed Walmart’s expansion announcement and inclusion in the Roundhill Meme Stock ETF, triggering volatility as short sellers scrambled and retail traders piled in.Read More
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