US stocks: SpaceX quarterly revenue surges in debut results on strong growth in its Starlink business
SpaceX has announced an impressive 92% increase in revenue for the latest quarter, primarily fueled by the growth of Starlink and its AI initiatives. Despite this surge, the firm faced a net loss due to significant capital allocated towards infrastructure and future projects. After a strong IPO, its stock is now under scrutiny, especially with […]
US stocks: Dow, S&P 500 close at record highs as AI earnings impress, oil prices tumble
Stock markets soared to all-time highs on Tuesday, fueled by stellar earnings from corporations. AI-focused entities like Palantir and the esteemed Caterpillar delivered eye-popping results. The drop in oil prices and Treasury yields created a favorable backdrop for continued growth. Moreover, the possibility of a peaceful resolution in the Iran conflict greatly enhanced investor optimism. […]
Sebi proposes depository receipts against REITs, InvITs units
India’s markets regulator has unveiled a fresh set of regulations concerning depository receipts aimed at real estate and infrastructure investment trusts. This initiative seeks to draw increased foreign investment into these vital sectors, providing overseas investors with a new channel to trade these units. Interested parties must submit their feedback on the proposals by August […]
Traders on edge! Why Nifty jumped 150 points in final minutes again
Nifty rebounded nearly 150 points during Tuesday’s closing auction after spending most of the session in the red, highlighting the impact of the new Closing Auction Session. Analysts attributed the volatility to expiry-day adjustments and early implementation issues in the revised closing price mechanism.
A crash coming? Ray Dalio warns AI rally looks like 1929 and 2000 bubbles
Bridgewater founder Ray Dalio warned the AI-driven market rally displays bubble-like traits seen before the 1929 crash and dot-com bust. He cited stretched valuations, rising rates and heavy stock issuance as key risks, echoing concerns from Jeremy Grantham and Goldman Sachs.
Elon Musk likely to face tough questions during SpaceX’s first earnings call after stock market listing
SpaceX’s investors are gearing up to challenge Elon Musk about the company’s trajectory and financial stability as stock prices have plummeted since June’s highs. Anticipated insider share sales could amplify trading fluctuations. Investors are particularly interested in Musk’s insights on the Starship rocket launch tests and satellite network developments, especially given that SpaceX is grappling […]
BSE Q1 Results: Profit soars 62% YoY to Rs 874 crore, revenue surges 63%
BSE Q1 Results: BSE Ltd reported a 62% year-on-year profit rise in the first quarter of FY27. Revenue from operations increased significantly, contributing to the strong financial performance. Investment income also saw a sharp increase during the quarter. Profit before tax grew by 66% compared to the previous year. Total expenses rose by 49% as […]
Institutional investors over-subscribe LIC OFS, govt opts for green-shoe option
The government’s Life Insurance Corporation share sale has garnered overwhelming attention from institutional investors, with bids amounting to an impressive Rs 36,400 crore received on Tuesday. The government is offloading a 6.5 percent stake in the leading insurer to fulfill regulatory public shareholding mandates sooner than anticipated. Retail investors will have the opportunity to engage […]
KEI Industries shares surge 7% after Q1FY27 profit jumps 40%, revenue rises 23%
Shares of KEI Industries rallied nearly 7% to Rs 5,363.20 on Tuesday following a 40% year-on-year jump in Q1 FY27 net profit to Rs 274 crore. Revenue from operations rose 23% to Rs 3,185 crore, backed by strong domestic wires and cables demand.
GE Shipping shares rally 9% as Q1 net profit surges 160% YoY, revenue up 67%
GE Shipping shares rallied sharply on Tuesday after the company reported a 160% year-on-year jump in Q1FY27 net profit and a 67% rise in revenue. The shipping major also announced an interim dividend of Rs 14.40 per share, while improving fundamentals and positive technical indicators supported investor sentiment.