Jio Financial & BlackRock form 50:50 joint venture for wealth management & broking in India. Previous agreement in July 2023 laid foundation; $150 million investment from each entity. Venture aims to establish wealth management and brokerage companies in India. Focus on digital-first solutions to democratize investment access for Indian investors. Launch subject to regulatory approvals; … Read more
Sensex and Nifty start positively, fueled by gains in heavyweight stocks. Investors await US inflation report and Q4 earnings season. Analysts forecast further upside potential but caution against aggressive positions. Broader indices outperform benchmarks; Nifty Metal and Oil & Gas sectors surge. Vedanta leads Nifty Metal gains post-upgrade by CLSA. Global markets await US inflation … Read more
Ramco Systems partners with Korean Air for engine MRO support. Deal involves implementation of advanced aviation software. Korean Air’s new MRO facility in Unbuk to benefit from the partnership. Ramco’s solution aims to streamline operations and boost efficiency. Stock surges by 18%, trading volume significantly higher. Ramco Systems sees a significant increase in market share … Read more
Crude oil prices surge due to geopolitical tensions, potentially surpassing $100 per barrel. Elon Musk faces inquiry over social media actions, impacting his business operations. Federal Reserve maintains non-partisan stance in setting monetary policy, ensuring long-term economic stability. Canada announces $1.77 billion investment in AI sector, aiming to bolster innovation and competitiveness. India emerges as … Read more
Ather Energy debuts Rizta scooter, emphasizing safety, comfort, and affordability. Introduction of Halo smart helmets featuring music, voice-call, and wireless charging functionalities. Strategic expansion into the family scooter segment to compete with TVS Motors’ iQube and Bajaj Chetak. Ather’s dedication to engineering excellence evident in extensive research and development for innovative products. Company’s strong financial … Read more
Marico anticipates Q4 revenue growth, marking a return to positive territory after three quarters. International business poised for robust double-digit constant currency growth. Domestic revenue expected to outpace volume growth with gross margin expansion. Strategic initiatives aimed at enhancing profitability and expanding direct reach in urban and rural markets. Key products like Parachute Coconut Oil … Read more
Amazon Fresh opening on Route 35 in Eatontown, Jersey Shore. Job listings already posted for various positions. Transitioning to Amazon Dash Cart technology for streamlined shopping. Focus on enhanced customer experience with real-time savings tracking. Gradual transition from “Just Walk Out” to Dash Cart over several months. Expansion marks Amazon Fresh’s second store in New … Read more
Multiple Apple services, such as App Store, Apple TV+, and Apple Music, experienced disruptions. Approximately 6,400 App Store users reported issues during the peak of the outage. Downdetector recorded over 1,000 user reports for both Apple TV+ and Apple Music. Apple has not responded to inquiries from Reuters regarding the outage. Technical glitches hit the … Read more
JSW Energy stock hits 52-week high at Rs 558. Plans to raise Rs 5,000 crore via QIP. QIP floor price set at Rs 510; indicative price at Rs 485. Strong Q3 FY24: 24.36% YoY net profit growth. Revenue grows 13.3% YoY to Rs 2,661.41 crore. Board sets up finance committee for QIP decisions. Details on … Read more
ABFRL’s share price rises 15% on news of Madura Fashion & Lifestyle demerger. Demerger aims to create two separately listed companies for enhanced focus. ABFRL to capitalize on growth opportunities post-demerger, raising capital within 12 months. Post-demerger, ABFRL’s portfolio includes value retail, ethnic wear, luxury, and digital brands. Move signifies strategic realignment, unlocking value for … Read more