Apple briefly tops $5 trillion in market value, second after Nvidia; unveils iPhone leasing scheme
Apple briefly surpassed $5 trillion in market value, becoming only the second company after Nvidia to reach the historic milestone.
US stocks: S&P 500 ends higher as investors await tech earnings
The S&P 500 index closed higher on Tuesday, boosted by gains in Boeing and Coca-Cola. Chip stocks experienced a significant decline as investors awaited quarterly reports from major tech firms. Microsoft and Amazon saw movement ahead of their upcoming earnings announcements this week. Apple’s stock value surpassed five trillion dollars for the first time as […]
Boeing shares rise 5% despite higher than expected Q2 loss on Air Force One costs
Boeing posted a wider-than-expected Q2 loss after a $280 million Air Force One charge, but shares rose 5% as positive free cash flow and higher aircraft production signaled progress in the planemaker’s turnaround.
Tata Capital Q1 Results: Net profit jumps 56% YoY to Rs 1,547 crore, revenue up 15%
Tata Capital announced a substantial net profit increase of over 56 percent. Revenue from operations also saw a healthy rise of more than 15 percent. Assets under management grew by 22 percent, reaching Rs 2.91 lakh crore. Net interest income and the net loan book experienced strong year-on-year growth. The company’s net worth jumped approximately […]
L&T Q1 Results: Net profit rises 14% YoY to Rs 4,123 crore, revenue up 7%
L&T Q1 Results: Larsen & Toubro (L&T) on Tuesday reported a consolidated net profit of Rs 4,123 crore for the April-June quarter of the ongoing financial year 2027, marking nearly 14% year-on-year (YoY) rise from the Rs 3,617 crore net profit reported in the same period last year.
Vedanta Aluminium shares in a sweet spot, says ICICI Securities; initiates coverage with Buy rating
ICICI Securities has initiated coverage on Vedanta Aluminium Metal (VAML) with a ‘Buy’ rating and a target price of Rs 520, implying over 19% upside. The brokerage expects strong earnings growth, driven by favourable aluminium prices, higher volumes, backward integration and lower costs. It also sees robust cash generation, debt reduction and long-term expansion supporting […]
Glass-maker Corning shares plunge 20% on lower sales forecast
Corning’s stock dropped significantly after reporting slower fiber optics growth. The company forecast lower third-quarter sales, disappointing market experts. This decline erased billions in the company’s market value. Investors noted a slowdown in the vital optical communications segment. The stock’s rapid surge over the past year led to a pullback.
Nithin Kamath warns closing auction session may hit Zerodha’s revenue from August 3
Zerodha CEO Nithin Kamath said the new Closing Auction Session for F&O stocks could reduce brokerage revenue by 1–5% while making market timings more complex. The auction aims to improve price discovery, reduce index distortions and lower passive fund tracking errors.
Coca-Cola shares surge 7% as earnings beat lifts outlook
Coca-Cola raised its full-year revenue and earnings forecasts after beating second-quarter estimates on strong demand for zero-sugar drinks, higher prices and FIFA World Cup-driven sales. Shares jumped nearly 7% to a 52-week high as revenue exceeded analyst expectations.
Coforge shares surge 7% after Q1 profit spikes 63% YoY
Coforge shares jumped after the IT services company posted a strong Q1 FY27 performance, with net profit rising 63% year-on-year and revenue surging 49% on the back of robust demand, new deal wins, and momentum in AI, cloud, and data services.