Singapore Telecommunications, Southeast Asia’s largest telecom firm, saw a 9% profit increase. This was driven by Optus and Airtel’s strong performance. A S$2 billion share buyback is planned over three years. Underlying net profit reached S$2.47 billion. The company surpassed half of its S$6 billion mid-term asset recycling target and raised the goal to S$9 billion.
Dharmesh Shah sees strong support at 25,500–25,700; expects Nifty to rebound towards 26,100 soon
Indian markets saw pressure with Nifty dipping below key support. Analysts believe this is a healthy correction within a bull trend. Nifty is expected to