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Nomura said that IIFL Finance’s valuations appear reasonable, although uncertainty around the outcome of the special tax audit remains a near-term overhang.

Mphasis’ revenue in US dollar terms was up 2.6% to $462 million compared to $451.4 million in the previous quarter. Its total contract value (TCV) was at $407 million in the March quarter compared to $390 crore in the previous…

Brokerage firm Nuvama now values the consolidated Vedanta Ltd. at ₹936 per share before the demerger. Of which, the ex-demerger Vedanta Ltd. is valued at ₹336 per share, the stake in Hindustan Zinc is valued at ₹317 apiece, while the…

Ahead of the issue opening, OnEMI Technology raised ₹277.7 crore from anchor investors such as Citigroup Global Markets Mauritius, ACM Global Fund VCC, New York State Teachers Retirement System (managed by Goldman Sachs Asset Management), among others.

Japan’s Nikkei index was down 0.8%, while South Korea’s Kospi index was little changed.

West Texas Intermediate increased 2.6% to $109.64 a barrel, gaining for the fourth day. Brent ended above $118 in the earlier session, its highest level since June 2022.

Samsung Electronics Q1 operating profit jumped eightfold to a record on AI driven chip price gains, with revenue up 69 percent, and Samsung expects further earnings growth

For the ongoing quarter, Meta expects sales to range between $58 billion to $61 billion, mostly in-line with expectations.

Microsoft now expects current quarter revenue to be between $86.7 billion to $87.8 billion, the mid-point for which, at $87.25 billion is lower than estimates of $87.53 billion. Azure will continue to grow between 39% to 40% in constant currency…

For the ongoing quarter, Amazon expects sales to range between $194 billion and $199 billion, higher than the $188.9 billion estimate and operating income to be between $20 billion to $24 billion, compared to estimates of $22.65 billion.