Category: Uncategorized

Bajaj Finance Q4 net rises 22%, AUM crosses Rs 5 lakh crore

Bajaj Finance reported a robust consolidated net profit of ₹5,464.6 crore for Q4FY26, a 22% year-on-year increase driven by a 20% rise in net interest income and 22% AUM growth. In a separate announcement, Rajiv Bajaj will step down from the company’s board after the annual general meeting on July 30.

D-St indices rise on strong earnings cues, war respite

Indian stock markets saw a strong rise on Wednesday. The Nifty and Sensex gained 0.8 percent each. This surge was fueled by positive earnings from major companies. Peace in West Asia also contributed to the market’s upward movement. Despite high crude oil prices, investors showed confidence. Markets are expected to consolidate in the coming days.

Two Much! Dollar demand, rising oil push rupee to new closing low

The Indian rupee hit a record closing low of 94.85 against the US dollar on Wednesday. High oil prices and consistent dollar demand pressured the currency. The Reserve Bank of India intervened to support the rupee. Analysts expect continued volatility driven by crude oil prices and capital flows. The rupee is facing selling pressure at […]

Vedanta earns record profit in Q4, plans to reduce debt

Vedanta anticipates a strong FY27 driven by record profits. The company plans to significantly reduce debt, invest in expansion, and continue rewarding shareholders. Leverage is projected to reach a new low. Vedanta is also proceeding with its demerger, with four new companies set to list soon. Some businesses are expected to be debt-free post-demerger.

Amazon beats quarterly cloud growth estimates on strong AI demand; AWS revenue jumps 28%

Amazon Web Services (AWS) surpassed Wall Street’s cloud revenue expectations, driven by increased enterprise spending on AI adoption. Despite strong cloud performance and significant AI partnerships, the company’s stock dipped after projecting current-quarter operating income below estimates. Amazon is investing heavily in AI infrastructure, aiming to monetize these expenditures in the coming years.

Meta lifts capital expenditure forecast, doubling down on AI push

Meta Platforms is significantly increasing its capital expenditure forecast to between $125 billion and $145 billion by 2026, doubling down on AI infrastructure investments despite planned layoffs. The Facebook-parent’s user base continues to grow, with daily active people reaching 3.56 billion.

US stocks today: Microsoft cloud revenue accelerates as spending growth cools

Microsoft’s cloud revenue saw a jump in the March quarter. Spending on infrastructure was lower than anticipated. This performance aims to reassure investors about the company’s significant artificial intelligence investments. Microsoft is expanding its AI offerings, including partnerships, to maintain its competitive edge in the cloud market. This comes as major tech firms invest heavily […]

Google parent Alphabet’s cloud unit beats quarterly revenue estimates on strong AI demand

Alphabet’s cloud unit revenue surged 63% to $20 billion, exceeding estimates and driven by strong enterprise spending on AI infrastructure. The company’s overall revenue also beat expectations, with its cloud backlog nearly doubling. This performance highlights Alphabet’s significant gains in the competitive AI market, bolstered by its Gemini models and a key partnership with Apple.

Vedanta’s demerged entities to trade by mid-June after split, says CEO

Mining giant Vedanta is set to file for listing approval of its demerged companies next week. Shares of these new entities are anticipated to begin trading by mid-June. This strategic move will create five independent, sector-specific businesses. Each company will pursue its own growth path and attract investors.