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The Indian stock market logged a second consecutive week of consolidation, but also a third straight monthly gain, supported by steady institutional inflows and earnings momentum despite geopolitical and trade concerns. Next, investors will monitor key market triggers in the first week of the new month. Monetary Policy Committee (MPC) meeting by the Reserve Bank…
(Bloomberg) — Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Builder.ai, the artificial intelligence startup that recently announced plans to declare bankruptcy, faked business with the Indian social-media startup VerSe Innovation for years to falsely inflate its sales, according to documents reviewed by Bloomberg…
(Bloomberg) — The US investment-grade primary bond market is having its busiest May since 2020 as easing tariff pressure has spurred companies to borrow while they can, a trend that could continue next month. Six firms are raising $4.9 billion on Thursday, bringing this month’s volume to roughly $153 billion, according to data compiled by…
(Bloomberg) — PDD Holdings Inc.’s shares fell as much as 17% in premarket trading in the US after its quarterly sales and net profit missed estimates as trade tensions between Beijing and Washington took a toll on its business. The company reported revenue of 95.7 billion yuan ($13.3 billion), falling shy of the average analyst…
Canadian dollar gains 1% against the greenback Touches its strongest since October 10 at 1.3712 Retail sales rise 0.8% in March 10-year yield eases 1.5 basis points to 3.360% TORONTO, May 23 (Reuters) – The Canadian dollar strengthened to a seven-month high against its U.S. counterpart on Friday as the greenback posted broad-based declines and…
Loonie trades in a range of 1.3847 to 1.3889 Price of U.S. oil settles 0.6% lower Bond yields ease across the curve TORONTO, May 22 (Reuters) – The Canadian dollar steadied against its U.S. counterpart on Thursday as the greenback notched broad-based gains and ahead of domestic retail sales data that could offer further clues…
Wall Street markets in the week ahead will be guided by plenty of earnings reports, including Home Depot, Palo Alto Networks, Medtronic, Snowflake, Intuit and Workday. On the economic data front, investors will witness new and existing home sales numbers, S&P flash US services and manufacturing PMIs for May. US Federal Reserve Chair Jerome Powell’s…
The country’s third-largest two-wheeler seller outpaced the market leader Hero Motocorp Ltd in terms of growth. As against a 5% growth for the Delhi-based firm, the Hosur-based TVS recorded a 12% jump in its two-wheeler sales. Even in the EV two-wheeler space, TVS Motor was able to take the challenge to market leader Ola Electric…
The Indian stock market extended its recovery for the second consecutive week, registering nearly a one per cent gain amid a phase of consolidation. Gains were capped by profit booking amid escalating geopolitical tensions between India and Pakistan following the Pahalgam terrorist attack. Next, investors will monitor key market triggers in the upcoming holiday-shortened week,…
Rising food inflation and falling wages have prompted urban consumers to hold back their car purchase plans in FY25, as evidenced by muted sales in the mass-market segment. However, the wealthy class continued their luxury shopping spree, with demand for premium cars remaining strong throughout the fiscal year. Luxury carmakers sold 51,406 units in FY25,…