SpaceX Q3 revenue soars 161% YoY on AI business growth, beating estimates
Elon Musk’s SpaceX on Tuesday reported a 161% rise in revenue for the third quarter, beating estimates, buoyed by a surge in its AI business and steady growth at its Starlink
Copper stays range bound as US tariff uncertainty, oil inflation risks weigh
Copper prices remained range bound as uncertainty over potential US tariffs and inflation risks from higher oil prices kept traders cautious. China’s copper scrap shortage supported refined copper demand, while record high US inventories and cautious buying limited gains. Goldman Sachs expects copper prices to average $15,400 a ton in 2027.
OYO-parent PRISM to nearly halve IPO fresh issue size to up to Rs 3,350 cr: Sources
PRISM is set to scale back its initial public offering from Rs 6,650 crore to Rs 3,350 crore in light of its robust cash flow and enhanced balance sheet. The majority of the newly structured funds will focus on repaying or prepaying debts. Moody’s Ratings has adjusted PRISM’s outlook to positive, anticipating growth in EBITDA. […]
US Stocks: GE Aerospace raises 2026 profit forecast as services strength drives growth
GE Aerospace has increased its 2026 adjusted earnings forecast due to continued demand for engine maintenance. The demand for spare parts remains high, which supports their financial outlook. Airlines are facing rising fuel costs due to disruptions in oil supply and are adjusting their capacity accordingly. Despite potential pressures on flight schedules, GE Aerospace’s revenue […]
US stocks today: US stocks gain as healthcare stocks hit record high, oil prices fall
Wall Street’s main indexes saw increases driven by a rally in healthcare stocks that reached record highs. Easing oil prices contributed to a recovery from the previous week’s technology led selloff. Major companies like General Motors and Steel Dynamics reported disappointing earnings forecasts, while 3M and Equifax exceeded expectations. Investors are closely monitoring upcoming corporate […]
US Stocks: GM’s core profit rises 22% on strength of pickup-truck business
General Motors exceeded analyst expectations in third-quarter earnings, driven by robust demand for their pickups and SUVs. The company reported an adjusted EBIT of $4.1 billion, marking a 22% year-over-year increase. Despite facing inflationary challenges, GM forecasts an adjusted EBIT of $14.5 billion to $15.5 billion by 2026. Additionally, a $20 billion stock buyback program […]
Jio IPO opens tomorrow: How can investors maximise allotment chances under Rs 2,500 crore RIL shareholders quota
The much-anticipated Reliance Jio Platforms IPO is launching for public subscription starting October 21, 2023. Shareholders of Reliance Industries can benefit from a Rs 2,500 crore reservation aimed at maximizing their investment opportunities. Those eligible are encouraged to apply in both the shareholder and retail categories. Shares are priced between Rs 1,065 and Rs 1,119, […]
WhatsApp stock tips: Nithin Kamath warns of more pump-and-dump schemes as ED freezes accounts worth Rs 200 crore
In a post on X, formerly Twitter, Kamath said such schemes remain a concern even in 2026, calling them one of the silliest ways for investors to lose money. He also warned that these cases could become more frequent as the market cycle advances, pointing to a rise in alleged pump-and-dump schemes operating through WhatsApp […]
Mukul Agrawal portfolio: Ace investor adds 7 new equity stocks in Q2. Do you own any?
Ace investor Mukul Mahavir Agrawal is known for his investment strategy, which has generated multibagger returns from several stocks. He publicly holds 77 stocks with a net worth of nearly Rs 8,515 crore, according to Trendlyne data. Here are 7 stocks he likely added to his secondary market portfolio during the second quarter of FY27. […]
IPO bound Paras Healthcare raises Rs 652.50 crore from anchor investors as issue set to open on October 21
The investors included Abu Dhabi Investment Authority, BlackRock Global Funds, Eastspring Investments, Government Pension Fund Global, Natixis International Funds, Integrated Core Strategies (Asia) and Citigroup Global.