US stock: S&P 500 ends lower as investors weigh data, Middle East tensions
The S&P 500’s streak came to an end, falling from its peak as weaker retail sales suggested caution among consumers. Despite a strong outlook, Applied Materials saw its shares slump, dragging down AI-related stocks. In contrast, rising oil prices helped lift the energy index. Reddit experienced a surge following news of its index inclusion.
Nvidia’s $500 billion plan envelops Wall Street in its AI frenzy
Nvidia has unveiled a major financing initiative aimed at supporting artificial intelligence chip acquisitions. By collaborating with prominent financial institutions, the plan seeks to provide substantial debt solutions tailored for AI startups. This multifaceted financing strategy is designed to address the skyrocketing demand for computing power, ultimately fostering the essential digital and AI infrastructure development […]
How a $900 million bet on SpaceX turned 100x into $94 billion for Alphabet
Alphabet’s initial $900 million SpaceX investment is now worth approximately $94 billion. This significant return makes Alphabet the largest institutional shareholder in the rocket company. Other early backers like Fidelity Investments and Saudi Arabia’s PIF also hold substantial stakes.
Sebi mulls digital onboarding for individual foreign investors to boost participation in securities mkt
Sebi has put forth a proposal for the digital onboarding of individual foreign investors, aimed at enhancing their access to markets. Intermediaries could utilize video verification for clients based abroad. Additionally, the framework suggests accepting KYC from other Sebi-registered entities. This initiative targets clients in FATF-compliant countries, with public feedback on the proposal requested by […]
Sebi broadens scope of online bond platforms, permits IFSCA-regulated products and tax-saving bonds
SEBI has expanded the scope for Online Bond Platform Providers (OBPPs), allowing them to offer IFSCA-regulated products and specific tax-saving bonds. Platforms must implement clear labelling, disclaimers, and updated compliance officer requirements to ensure investor transparency and regulatory adherence.
WeWork Global sells 2.5% stake in WeWork India Management for Rs 244 crore
WeWork Global has divested a 2.5% stake in WeWork India for Rs 244 crore, bringing its ownership down to 12.3% from 14.82%. Despite this stake reduction, WeWork India reported a consolidated net loss of Rs 4.30 crore for the first quarter while witnessing a total income increase to Rs 700.74 crore during the April-June period. […]
Ashok Leyland Q1 profit rises 2% as revenue jumps 10% to Rs 10,750 crore
Ashok Leyland reported a 2% rise in consolidated Q1FY27 profit to ₹668 crore, while revenue grew 10% to ₹10,750 crore. Record commercial vehicle sales supported performance, though rising material costs pressured margins, prompting cost-saving and pricing initiatives.
Reddit surges 14% on S&P 500 inclusion, set to replace AvalonBay
Reddit shares have experienced a remarkable surge following the announcement of their inclusion in the S&P 500 index. With index funds compelled to acquire millions of Reddit shares, this influx is expected to significantly surpass the average daily trading volume of the stock.
Cochin Shipyard Q1 Results: Profit falls 19% YoY to Rs 151 crore, revenue up marginally
Cochin Shipyard reported a 19.4% year-on-year decline in Q1FY27 consolidated profit to Rs 151.5 crore, despite 2.3% revenue growth. EBITDA fell 20.4%, dragging margins lower, while the company also disclosed regulatory fines over board composition.
15 stocks held by 100+ MFs in July surged up to 131%; 3 turned multibaggers in CY26
Stocks held by more than 100 mutual fund schemes showed strong gains in CY26, with 15 stocks rising 50% or more through July. Welspun Corp, Apar Industries and Ather Energy emerged as the top performers, each more than doubling during the period.