Improving Property Leadership: Reliance Financial and BlackRock’s Joint Venture1

Financial

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 Surge: Heavyweights Drive Market Momentum Amidst Global Anticipation 1

Nifty

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 secures an 18% surge with Korean Air Deal.

Ramco

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

Global Business Roundup: Oil Price Surge, Musk’s Legal Battle, Fed’s Stance, India’s Emergence, and More 1

Price

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

Marico’s excellent Q4 reports drive a 3% gain amid improved macroeconomic conditions.

Marico

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

American Clients Face Mac Product Outages: App Store, Apple TV+, and Apple Music Down1

Store

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

Aditya Birla Fashion Share Price Soars 15% on Demerger Plan Announcement

Fashion

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

1The costs of oil remain stable despite supply tightening expectations.

Price

Oil prices steady despite minor dip, holding recent gains. Factors: OPEC+ cuts, Russian output disruptions, Chinese manufacturing recovery. Geopolitical risks and demand fundamentals drive market sentiment. European demand surprises, offsetting concerns about China’s softening demand. Investors watch U.S. economic data for Federal Reserve cues impacting oil demand. Oil prices fell slightly on Monday, but they … Read more