Shares of KPIT Technologies crashed nearly 7% to a day’s low of Rs 592 on the BSE after the company reported a 32% decline in its consolidated net profit to Rs 117 crore for the first quarter of FY27. KPIT Tech’s revenue from operations, meanwhile, rose around 9% YoY to Rs 1,675 crore during Q1 […]
Shares of SML Mahindra jumped over 18% to an intraday high of Rs 5,416 on the BSE on Thursday after the company completed the Rs 525 crore slump sale acquisition of Mahindra & Mahindra’s Truck and Bus Division. A slump sale refers to the transfer of an entire business undertaking as a going concern for […]
As Mahavir Kaswa, head of passive research, Axis Mutual Fund, explained, “Tracking error represents the annualized standard deviation of daily returns between the underlying index and the Scheme. It highlights the day-to-day variability of returns difference between portfolio and underlying benchmark, revealing whether a fund manager suffered subtle execution slips or cash drag over the […]
Despite growing scrutiny from regulators and warnings about rising consumer debt, buy now, pay later (BNPL) continues to resonate with consumers. A new survey found that many BNPL users view the payment option positively. The study from HarrisX and the Financial Technology Association found that more than three-quarters of U.S. adults said BNPL allows them […]
Barclays cuts Robinhood stock price target on growth timeline
Microsoft said its Azure cloud business surpassed $100 billion in annual revenue in its recently ended fiscal year, cheering investors in the company even as the broader market plunged on worries over AI spending and U.S. inflation. Cloud growth in Microsoft’s fiscal fourth quarter increased 43% percent year over year, providing a boost to overall […]
Shares of Adani Group firm Adani Ports and Special Economic Zone (APSEZ) declined 3% to Rs 1,675.55 on the BSE on Thursday after the company reported a net profit of Rs 3,620 crore for the first quarter of FY27, up 9% from Rs 3,315 crore in the same period last year. The company’s revenue from […]
Cyber audit leaves Eiopa with a credibility problem – Risk.net Skip to main content End of drawer navigation content Dora supervisor charged with overseeing critical tech vendors critiqued for IT security failings Westhafen Tower, Frankfurt, home to Eiopa The European Insurance and Occupational Pensions Authority is facing accusations of double standards over its handling of […]
Carson Group, an Omaha, Neb.-based wealth advisory firm with more than $60 billion in assets under management, has lured a Wells Fargo breakaway team overseeing about $1.76 billion in advisory and brokerage assets, in its largest wealth acquisition by assets to date. Doyle and Loughman Wealth Management is joining Carson from Wells Fargo Advisors Financial […]
People are silhouetted against the setting sun in Berlin on June 19, 2026 in Berlin, Germany. A heat wave is currently affecting all of Germany. Florian Gaertner | Photothek | Getty Images Europe’s increasingly extreme summers are becoming an economic problem, with more frequent heatwaves driving up costs, disrupting businesses and weighing on growth. Huge […]