Precision-engineered components manufacturer Elmet Group on Monday revealed higher revenue for 2025 in its filing for an initial public offering in the United States, as it looks to tap investor interest in defense-linked businesses.
Viridian Therapeutics shares slumped 34% to an eight-month low on Monday after its experimental treatment for thyroid eye disease lagged rivals in efficacy in a late-stage study, even as it met the main goal of reducing eye bulging.
Microsoft on Monday unveiled new features in its Copilot research assistant that would allow users to utilize multiple AI models simultaneously within the same workflow, the latest move by the tech giant to improve its AI offering and boost adoption.
Federal Reserve Chair Jerome Powell on Monday said the U.S. central bank can wait to see how the Iran war affects the economy and inflation, noting that policymakers typically look through shocks such as those from higher oil prices.
Jio Financial Services and BHEL saw significant block deals today as global financial giants traded shares. Morgan Stanley offloaded stakes in both companies, with Goldman Sachs acquiring positions. Other block deals involved BNP Paribas transacting across Siemens Energy India, GMR Airports, LG Electronics India, and Max Healthcare Institute.
Nithin Kamath says predicting winning asset classes is futile, urging investors to diversify and stay invested long-term amid volatility. Weak markets, foreign outflows, rising oil prices and currency pressures are keeping sentiment fragile and downside risks elevated in near term.
Equity investors have become poorer by Rs 18.60 lakh crore in two days of sharp decline in the stock market, where the BSE benchmark Sensex has plunged over 4 per cent, as the West Asia conflict refuses to die down leading to a steep surge in crude oil prices.
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