US stocks: S&P 500 ends higher as CoreWeave results fuel AI optimism
US stock markets closed higher on Wednesday, driven by strong AI infrastructure company earnings. Mild inflation data reinforced expectations that the Federal Reserve will hold interest rates steady. CoreWeave and other AI firms reported upbeat quarterly results, boosting their stock prices. Data center operators and chipmakers also saw gains following positive company forecasts. Traders now […]
Pilani Investment to sell 1.7 million UltraTech Cement shares for ₹1,908 crore
Pilani Investment plans to sell 1.7 million UltraTech Cement shares valued at ₹1,908 crore on August 13, 2026, at a 3% discount. Separately, UltraTech Cement is acquiring a 26% stake in Solaris Horizon Energy to support its green energy initiatives.
Sebi lowers stress testing limit for commodity derivatives
The Securities and Exchange Board of India (Sebi) has announced a significant reduction in the Z-score limit for stress testing in commodity derivatives, lowering it to five from ten. This strategic shift is designed to enhance compliance and streamline processes within the standardized framework, ensuring that price variations tied to a Z-score of five facilitate […]
Apollo Hospitals Q1 Results: Net profit jumps 38% YoY to Rs 610 crore; revenue rises 21%
Apollo Hospitals reported a 38.4% year-on-year rise in Q1FY27 net profit to ₹610 crore, while revenue grew 20.6% to ₹7,044 crore. EBITDA increased 28.2%, supported by higher healthcare volumes, complex procedures, capacity expansion and strong international patient growth.
Nebius shares soar 22% as AI demand powers revenue beat
Nebius shares jumped nearly 22% after the AI cloud provider beat revenue estimates, driven by surging infrastructure demand, larger contracts and higher prices. Core AI cloud revenue increased sixfold, while major customer deals and capacity commitments highlighted strong future growth.
Indel Money to raise up to Rs 500 crore via public issue of NCDs
Indel Money plans to raise up to Rs 500 crore through a public issue of non-convertible debentures. The issue will open on August 18 and close on August 31, with an option for early closure. Proceeds will fund onward lending, refinancing existing debt, and general corporate purposes.
BofA to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unit
Bank of America is making headlines with its planned acquisition of a substantial 26.5 percent interest in Jio Credit. This deal, involving a preferential allotment of equity shares and warrants, could see its stake grow to 49.9 percent. The investment signifies Bank of America’s commitment to strengthening its foothold in India’s financial landscape, utilizing local […]
Lenskart Q1 Results: Profit zooms 182% YoY to Rs 228 crore; revenue up 34%
Lenskart Solutions reported a 182.3% YoY jump in Q1 FY27 profit to Rs 228 crore, while revenue rose 33.6% to Rs 2,214 crore. EBITDA increased 61.3% to Rs 589 crore, with margins expanding and product margin crossing 70% for the first time.
Grasim Industries swings to profit in Q1, revenue rises 21% YoY
Grasim Industries reported strong Q1 FY27 results, with standalone net profit reaching Rs 247 crore and revenue rising 28% YoY. Consolidated net profit jumped 51% to Rs 2,146 crore, driven by robust performance across core and growth businesses.
Parag Parikh Flexi Cap Fund among 8 equity mutual funds that received over Rs 2,000 crore inflows in July
Eight equity mutual funds received over Rs 2,000 crore in inflows in July, led by Parag Parikh Flexi Cap Fund with Rs 5,040 crore, followed by two HDFC funds.