Bumble shares jumped more than 40% in early trading on Thursday after the company posted upbeat fourth-quarter revenue and unveiled an AI-driven overhaul of its apps to lure back younger users.
Several Nifty 200 companies including Apollo Hospitals Enterprise, JSW Steel and Asian Paints reported lower promoter pledges in the December quarter, a signal of improving financial stability and stronger promoter confidence in business prospects.
U.S. Energy Secretary Chris Wright said on Thursday global oil prices are unlikely to hit $200 a barrel even as crude tankers remained stalled in the Strait of Hormuz and the U.S. and Israeli war with Iran widened.
The number of Americans filing new applications for jobless benefits fell last week, which could help to assuage fears of a labor market deterioration after an unexpected decline in employment in February.
Bank of Baroda on Thursday said it has raised USD 500 million five-year syndicated term loan facility through its IFSC Banking Unit in GIFT City, attracting participation from investors across key Asian markets.
Despite private banks lagging the Nifty 50 and BSE Sensex recently, market veteran Gurmeet Chadha sees strong value in banking stocks, citing attractive valuations and a shift from LDR to LCR that could boost credit growth by 3–7%.
Raymond Realty on Thursday said it has launched a 9-acre housing project in the Mumbai Metropolitan Region (MMR) with an expected revenue of Rs 2,000 crore.
Tata Power, Adani Total Gas, TTK Prestige and other top movers saw sharp gains and losses on Thursday as geopolitical tensions and seasonal demand influenced Indian markets.
Real estate company Assotech Realty will invest Rs 200 crore to develop a hotel in Shirdi, Maharashtra, and has tied up with hospitality chain Atmosphere Core for management.
Realty firm Aurum PropTech Ltd has sold two commercial buildings in Navi Mumbai for Rs 112 crore and will use funds to prepay debt and strengthen Artificial Intelligence (AI) capabilities.
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