NEW YORK (Reuters) -Major stock indexes rose on Thursday, with technology shares leading Wall Street higher as investors awaited further developments on the U.S.-China trade conflict, while the dollar slipped after recent gains. Quarterly results from some top tech-related companies are still due in the coming days, with Alphabet, up 1.9%, expected to report after…
(Bloomberg) — Investment bankers are applauding steps taken by Canada’s securities regulators to make it easier to do initial public offerings, and to raise money afterwards. At a time when Canadian stock offerings are mired in a multi-year decline, the country’s regional securities regulators have introduced new rules that investment bankers and securities lawyers say…
Bengaluru: Macrotech Developers Ltd, which operates under the ‘Lodha’ brand name, on Thursday projected a 20% percent jump in pre-sales for the ongoing fiscal year after exceeding its targets in FY25. The Mumbai-based real estate developers aims to book ₹21,000 crore in pre-sales for 2025-26, versus ₹17,500 crore last fiscal. The developer surpassed its…
Indian airlines will have to avoid Pakistani airspace during international hauls, leading to at least an extra hour of flying, following the neighbouring country’s order of immediate closure of its airspace to Indian-owned and India-operated airlines. Technically called NOTAM (notice to airmen), the order restricts usage of its airspace for India-registered aircraft as well as…
The average airfare in the upcoming peak summer travel season from Delhi and Mumbai to Srinagar has dropped 20-30% Google Flights data shows. As per Mint’s analysis, the double-digit drop – following the terror attack in Pahalgam – has been calculated for the period between 25 April and 25 May. Prodded by the civil aviation…
Inox Wind Share Price Trend: Multibagger Inox Wind has emerged as domestic brokerage Anand Rathi’s pick of the month. The stock has gained 18 per cent over the last year, hitting a 52-week low of ₹124.35 on June 5 and a 52-week high of ₹262.10 on September 23 last year. On a monthly scale, the…
SBI Cards and Payment Services reported a decline in fourth-quarter profit on Thursday, hurt by higher provisions for bad loans. The credit card services company’s profit after tax fell 19% to 5.34 billion rupees (nearly $63 million) for the quarter ended March 31. Indian lenders have been struggling with asset quality stress, especially in unsecured…
To protect investors’ funds, capital markets regulator SEBI (Securities Exchange Board of India) has released a circular dated Dec 12, 2023 to ensure upstreaming of clients’ funds. The circular has specified the framework requiring stock brokers or clearing members to place all the clients’ clear credit balances to clearing corporations on end of day basis….
Income Tax: The financial year 2024–25 has come to an end and the tax filing season has kicked off. As the last date to file Income Tax Returns (ITR) is July 31, taxpayers now have nearly three months to file their returns. Meanwhile, taxpayers are required to choose between the two available tax regimes. Some…
Tech Mahindra Q4 Results: IT services company Tech Mahindra on Thursday reported a 76.5% growth in consolidated net profit for the quarter ended March 31, 2025 (Q4FY25). The bottom line stood at ₹1,166.7 crore (attributable to shareholders of the company), compared to ₹661 crore reported in the same period last year. Revenue from operations in…
