Equity News

August oil production exceeded EIA’s forecast of 13.5 million barrels a day

According to a CNBC report, Judge Jack McConnell delivered the oral ruling just one day before the administration was scheduled to cease food stamp benefits for 42 million Americans.

Wedbush analyst Dan Ives compared Apple’s position to that of Tesla, saying both companies are seen as lagging in AI but are poised to benefit from the technology’s next wave of consumer applications.

At the India Business Leaders Awards 2025 Jury Round, industry heavyweights from banking, law, healthcare and consulting agreed that India’s advantage lies in its ability to merge human talent with digital transformation. From AI in healthcare to fintech innovation and a record IPO wave, leaders said India’s growth story is no longer sector-specific — it’s system-wide.

Staar said in the recent filing that starting October 15, its management engaged in private discussions with Alcon regarding the path forward with the proposed merger.

IntrCity SmartBus is steering into its next phase of growth with a focus on technology, safety, and expansion beyond metro routes. CEO Manish Rathi says the company’s latest ₹250 crore fundraise will fuel its push into smaller cities and help build long-term infrastructure for India’s road travel ecosystem.

According to a Bloomberg News report, Trump said on Friday he has spoken with China’s President Xi Jinping during their summit in South Korea.

The third quarter was the first time since 2022 that AWS returned to growth above 20%.

The order, valued at ₹2,481 crore, covers both Phase 1 (Kapur Bawdi–Kasheli Dhamankar Naka) and Phase 2 (Dhamankar Naka–Bhiwandi–Kalyan APMC) of the metro corridor.

CEO Brian Armstrong said during Thursday’s earnings call that 264 institutions are now using the company’s developer platform.

The integration will allow over 35 million Mappls app users to access detailed and real-time metro-related information, including nearby stations, routes, fares, line changes, train frequencies, and travel times — all within the Mappls App interface. Shares of CE Info Systems Ltd ended at ₹1,820.65, down by ₹12.10, or 0.66%, on the BSE.

Among business segments, Banking and Financial Services delivered a sequential growth of 5.6% and a year-on-year rise of 11.0% in reported currency. Healthcare and Life Sciences grew 3.9% sequentially and 11.3% year-on-year. Shares of Zensar Technologies Ltd ended at ₹795.00, down by ₹7.70, or 0.96%, on the BSE.

The company forecast annual normalised earnings per share to come between $0.56 and $0.60, compared with the previous expectation of $0.66 to $0.70.

The analyst noted that Auto-CAR-T is showing unprecedented and transformational efficacy in systemic sclerosis, and investors aren't appreciating the substantial unmet need this represents.

The firm raised its FY2025 guidance, projecting revenues between $27.8 billion and $28.2 billion

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Shilpa Kumar of British International Investments says the $75 million facility for Blueleaf Energy will not only fund clean energy projects but also fill a crucial financing gap in India’s climate transition through mezzanine debt.

Speaking to CNBC-TV18 at the India Business Leader Awards (IBLA) 2025 jury round, Singh pointed to the success of the Unified Payments Interface (UPI), which is now live in seven to eight countries. He said around eight lakh cross-border transactions are already happening on UPI, with 1.5 million merchants onboarded on the international UPI network.

The firm’s revenue jumped to $73.2 million, marking a 1,086% year-on-year (YoY) increase.

Roku has raised its 2025 forecast for platform revenue to $4.11 billion, up from the previous guidance of $4.075 billion.

Vinay Prasad told Bloomberg that the FDA is going to be “extremely flexible” regarding gene editing therapies.

The assessment order pertains to the financial year 2020-21 (Assessment Year 2021-22) and involves transfer pricing adjustments, including disallowance of payments to related parties and challenges to corporate tax depreciation claims. Shares of Hindustan Unilever Ltd ended at ₹2,466.65, down by ₹2.95, or 0.12%, on the BSE.

The company now expects organic sales growth to be 1% to 2%, down from the previously forecast sales coming in at the low end of 2% to 4%.

Aquarian's reported offer of $70 per share, values the company at roughly $4 billion

The permit was jointly granted to Pony.ai and its partner Shenzhen Xihu Corporation, the city's largest taxi operator.

CII has urged the government to ensure an equitable buyback tax, simplify compliance, and promote domestic manufacturing in Budget 2026-27, while pushing for a shift towards a technology-driven, dispute-free tax system.

The contract involves the procurement of communication systems with accessories for the Special Forces of the Indian Air Force (IAF). The order, awarded by a domestic entity, is scheduled to be executed within 11 months. Shares of Astra Microwave Products Ltd ended at ₹1,042.90, down by ₹13.15, or 1.25%, on the BSE.

CEO Phong Le said that Strategy is expanding its digital credit business internationally, aiming to become a dominant global issuer of Bitcoin-backed credit products.

State Bank of India Chairperson CS Setty discusses banking sector stability, asset quality, and credit growth at the India Business Leader Awards 2025.

Lorie Logan said that unless inflation falls more sharply or the labor market weakens faster than expected, further easing would be “difficult.”

The new order boosts the company’s push into long-duration, grid-scale energy storage solutions in the UK market.

The Wires & Cables segment recorded 22% revenue growth, supported by 16% volume growth and higher value realisation, along with improved contribution margins through better operating leverage. Shares of R R Kabel Ltd ended at ₹1,410.75, up by ₹0.85, or 0.060%, on the BSE.

At the red carpet of India Business Leader Awards 2025 Jury Round, Kumar Mangalam Birla shared his philosophy on leadership — one rooted in empowerment, morale-building, and the ability to create new leaders from within.

The former State Bank of India chairperson said that instead of viewing AI with fear, companies should embrace the technology as a catalyst for innovation and efficiency.

KM Birla remarked that it is also equally important to be ready with "very thorough preparation", understand one's leverage, and what it takes to win in the industry.

Luminar also announced that CFO Thomas Fennimore will step down from his role, effective November 13, 2025, to pursue other career opportunities.

The company now expects revenue from Ibsrela to be between $270 million and $275 million for the full year.

Nuburu acquires 10.7% stake in Italian software company Orbit S.r.l

The developer, which operates high-end retail and mixed-use properties such as Phoenix Palladium in Mumbai and Phoenix MarketCity in Bengaluru, said retail rental income climbed 10% YoY to ₹527 crore, supported by strong tenant sales and footfalls across malls. Consumption across its retail portfolio rose 14% YoY to ₹3,750 crore in the quarter.

The five-year deal covers logistics, engineering, and cybersecurity services for the Mission Operations & Integration (MO&I) Department.

The company’s newly merged FMCG segment, combining Food & Other FMCG and HPC segments, achieved sales of ₹2,914.24 crore, reflecting 34.31% sequential growth and 30.09% year-on-year growth. Shares of Patanjali Foods Ltd ended at ₹602.55, down by ₹7.25, or 1.19%, on the BSE.

CEO Matthew Prince said revenue growth accelerated for the second consecutive quarter to 31% year-over-year.

CEO Chad Collins flags global trade and economic uncertainty as a factor in the soft uptake of the company's retail management software.

The company forecast adjusted earnings of $3.25 to $3.31 per share, while analysts expect it to post earnings of $3.36 per share.

On the issue of foreign portfolio investors' selling in Indian markets, Pandey said USD 4 billion of selling by a set of investors holding over USD 900 billion of assets does not make him "unduly worried".

Jensen Huang’s hopeful statement comes even as U.S. President Donald Trump kept the issue of Blackwell chip out in the meeting with his Chinese counterpart, Xi Jinping.

Telsey Advisory Group analyst Joseph Feldman highlighted that the solid growth and profitability of Amazon Web Services (AWS) and advertising are expected to continue outperforming and supporting retail.

The 210 MWp solar installation in Bikaner, Rajasthan, part of Ingka Investments’ ₹10 billion commitment to renewable energy in India, has reached ready-to-build status with construction starting shortly.

The bank’s asset quality showed improvement, with gross non-performing assets (NPA) declining to 2.16% from 2.28% in the previous quarter. Net NPA also eased to 0.57% from 0.60% sequentially. Shares of Bank of Baroda Ltd ended at ₹278.30, up by ₹5.60, or 2.05%, on the BSE.

According to Baker, the new package is “arguably better” than the 2018 one as it also includes financial and technological milestones in addition to market cap-based incentives.