Anant Raj will demerge its data centre and cloud business into Ashok Cloud Pvt Ltd, creating a separately listed digital infrastructure company. The move aims to unlock shareholder value, support expansion to 307 MW by FY32 and strengthen its cloud services platform.
ICICI Bank is close to raising at least $500 million through five-year dollar bonds via its GIFT City unit, leveraging the RBI’s concessional swap facility. The proceeds will support client financing, marking the lender’s first US dollar bond issuance in nearly a decade.
Wall Street opened higher on Tuesday, led by gains in semiconductor stocks recovering from a recent selloff. Investors are closely watching upcoming tech earnings for signals on the AI trade outlook. The Dow, S&P 500 and Nasdaq all advanced at the opening bell, reflecting improved market sentiment.
Starting in early 2027, the London Stock Exchange is set to unveil LSE 24, a pioneering venue designed for overnight trading of exchange-traded products. This initiative is a direct response to the increasing demand from international investors for expanded trading options. Although equities may be introduced on LSE 24 in the future, the main market will maintain its traditional hours.
The British pound experienced a minor dip against both the euro and the dollar today, as market participants gauge the fiscal policy strategies of freshly appointed finance minister John Healey. His unexpected appointment by Prime Minister Andy Burnham occurred on Monday, prompting investors to look for clues regarding future spending and welfare initiatives. Following this announcement, British government bonds, referred to as gilts, remained stable.
Adani Total Gas Q1 Results: Adani Total Gas reported 14% year-on-year (YoY) decline in its consolidated net profit at Rs 142 crore in the first quarter. The same stood at Rs 165 crore in the same quarter of last year. Revenue from operations rose 27% YoY to Rs 1,907 crore.
Five NSE F&O stocks, including Radico Khaitan, Torrent Pharma and Axis Bank, recorded over 6% growth in futures open interest, indicating fresh position build-up and heightened trader participation.
HDFC Bank shares extended losses for a second straight session after its Q1 FY27 earnings, but brokerages remain optimistic on the stock. Jefferies, Motilal Oswal, Nomura and JM Financial have retained their bullish ratings, with target prices implying upside of up to 35% from current levels.
Oracle shares hit a 52-week low after an S&P credit downgrade raised concerns over heavy AI spending, rising debt and execution risks despite strong demand for its cloud services.
CMPDI shares jumped nearly 7% after the Coal India subsidiary reported strong Q1FY27 results, with revenue rising 18% and net profit surging 54% year-on-year. Robust operational growth and the announcement of a Rs 1.05-per-share interim dividend further lifted investor sentiment.
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