Whitestone REIT will be acquired by funds managed by Ares Management Corp in an all-cash deal, valuing the U.S. shopping center owner at about $1.7 billion, the company said on Thursday.
Securities and Exchange Board of India approved BSE to launch derivatives on its Focused IT Index, tracking 14 major IT firms. The move comes as the index records sharp declines, offering new hedging and trading opportunities for investors.
U.S. natural gas futures fell to a fresh seven-month low on Wednesday, pressured by a slightly larger-than-expected storage build and forecasts of milder weather and lower demand next week.
U.S. applications for unemployment benefits rose last week before Iran, Israel and the U.S. announced a two-week ceasefire deal that injected a degree of optimism into a still-clouded global economic picture.
ADRs of Wipro and Infosys declined after Tata Consultancy Services reported steady Q4 results with strong deal wins and rising AI revenue. Despite stable performance, investor reaction signals cautious sentiment and a muted market opening for IT stocks.
NSE Indices on Thursday organised a press meet in Mumbai, where it elaborated on its outlook for passive investing in India. It stated that the total Assets Under Management (AUM) in passive investments surged from Rs 1.63 lakh crore in 2020 to approximately Rs 50 lakh crore in 2026.
Despite a sharp Sensex decline, seven BSE 500 stocks hit 52-week highs, including Ather Energy and ABB India, reflecting strong momentum, recent gains, and continued investor optimism amid broader market weakness.
Tata Consultancy Services signalled a decisive shift by positioning AI as a core growth engine rather than an experimental bet. With annualised AI revenue crossing $2.3 billion, strong deal wins, expanding margins and a rapidly upskilled workforce, the company underscored that enterprise AI adoption is now driving meaningful business momentum.
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