Asian equities climbed on Monday, supported by optimism that a US government shutdown may be avoided and recovering from last week’s concerns over AI valuations.Hong Kong’s HSI climbed to 26,409, up 167 points or 0.64%. Kospi traded up 112 points or 2.8%, reaching 4,065. In Japan, Nikkei gained 490 points or 0.98% to stand at…
Nuvama maintained its buy rating on UPL with the target price upped to Rs 823 from Rs 808 earlier. Analysts said the company reported strong numbers for July-Sept quarter (Q2FY26) that led to higher outlook for earnings before interest, taxes, depreciation and amortisation (EBITDA), with revenue guidance unchanged. They also said that inventory overhang has…
BENGALURU: Hexaware’s revenue for the Sept quarter rose to $394.8 million, registering a 3.3% sequential and 5.5% year-on-year increase in dollar terms. In constant currency, revenue grew 3.4% quarter-on-quarter and 5.2% year-on-year. Net profit, however, declined 5.4% sequentially. CEO R Srikrishna said the company is witnessing steady momentum across sectors, with financial services, travel, and…
Seven of India’s ten most valued companies collectively lost Rs 88,635.28 crore in a holiday-shortened session, with Bharti Airtel and Tata Consultancy Services (TCS) among the biggest losers. The decline mirrored a weak trend across broader equity markets. The BSE benchmark fell 722.43 points, or 0.86%, while the Nifty dropped 229.8 points, a fall of…
InCred Holdings, the parent entity of NBFC InCred Financial Services, has filed confidential draft IPO papers with markets regulator Sebi, seeking to raise Rs 3,000–4,000 crore, PTI reported citing people familiar with the matter.In a public statement issued on Sunday, the company confirmed PTI that it had submitted “the pre-filed draft red herring prospectus with…
India’s foreign exchange reserves dropped by $5.623 billion in the week ending October 31, reaching $689.733 billion, according to the Reserve Bank of India’s latest figures. The fall was driven by declines in both foreign currency assets and gold holdings.Foreign currency assets, the largest portion of the reserves, fell by $1.957 billion to $564.591 billion….
Foreign portfolio investors (FPIs) restarted selling Indian equities in November, pulling out a net Rs 12,569 crore amid weak global cues and a risk-averse environment. This follows a net inflow of Rs 14,610 crore in October, which had interrupted a series of outflows, Rs 23,885 crore in September, Rs 34,990 crore in August, and Rs…
Indian stock markets are likely to remain under close watch this week as investors eye key inflation data, corporate earnings, and international developments. Activity by foreign investors is also expected to influence equity trends. Ajit Mishra, SVP, Research at Religare Broking Ltd, said, “This week will be crucial, with several key macroeconomic data releases scheduled….
China has granted exemptions to export controls on Nexperia chips for civilian applications, its commerce ministry said on Sunday, signalling a potential easing of pressure on the global auto industry hit by supply shortages following earlier curbs, Reuters reported.The announcement marks Beijing’s strongest indication yet that it will relax restrictions imposed after the Dutch government…
The US air cargo industry is bracing for fresh turbulence as the Federal Aviation Administration’s (FAA) 10% reduction in flight capacity across 40 major airports collides with the grounding of UPS and FedEx’s McDonnell Douglas MD-11 fleets, deepening pressure on supply chains ahead of the crucial Thanksgiving and holiday shipping season.The FAA ordered airlines to…