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FIRST QUARTER
ECB hikes interest rate by 25 bps, first since 2023 to tame Iran war inflationThe European Central Bank raised its benchmark interest rate by a quarter point to 2.25 percent, marking its first hike since 2023. This mo...
OpenAI considers drastic price cuts, anticipating war for users with Anthropic: ReportThe ChatGPT-maker confidentially filed for an IPO earlier this week after archrival Anthropic did the same last week. OpenAI CEO Sam Altman...
Explained: Why Oracle shares crashed 10% in extended trading despite earnings beatOracle shares fell sharply in after-hours trading despite beating earnings estimates, as investors reacted to aggressive AI spending plans ...
Oracle's AI spending blows past estimates, raising worries over growing debtOracle, which has major deals to build data centers for customers such as Meta Platforms and OpenAI, is working to position itself as a ma...
Microfinance market reports a small rise in early stage delinquencyMicrofinance loan defaults in the early stages increased in April. However, loans facing later stage defaults showed improvement. The overa...
Govt raises nearly Rs 20,000 crore through disinvestment, asset sales as West Asia conflict swells subsidy burdenThe Centre has raised nearly Rs 20,000 crore through stake sales and asset monetisation in the first two months of this financial year. Thi...
Xpeng boss to head robot unit with humanoid mass production imminentThe announcement follows market talk that Shi Xiaoxin, a core executive involved in the IRON project, had left the company earlier this mo...
CoreWeave founders have dumped $2.3 billion in stock since IPOCoreWeave executives and a major investor have sold over $7.8 billion in stock since the company's March 2025 IPO. Despite this, CoreWeave'...
Wadhwa Group leases 33K sq ft office space in Mumbai for Rs 44 cr rental in 9-yr periodThe Wadhwa Group has successfully signed a contract with Morningstar, leasing 33,000 square feet of office space. With a staggering rental ...
GDP growth momentum intact, no need for additional borrowing so far: Govt sourcesIndia's economy is navigating external challenges like rising import costs. However, domestic consumption remains strong, ensuring growth m...
RBI seen joining Asia’s rate-hike push as inflation risks riseThe Reserve Bank of India is expected to increase interest rates soon. This move aligns with other central banks responding to rising infla...
India's new GDP yardstick: What changed, what did not, and what every investor should now read differentlyIndia changed the base year used to measure its economy from 2011-12 to 2022-23. The first full-year provisional numbers under the new yard...
India beat Pakistan 5-3 in thrilling semi-final to enter U18 Men's Asia Cup finalIndia's U18 Men's Hockey Team secured a thrilling 5-3 victory over Pakistan in the U18 Men's Asia Cup semi-final. Trailing until the final ...
RBI MPC key takeaways: Here are the major announcements by Governor Sanjay Malhotra on GDP, inflation and repo rateRBI Monetary Policy Committe 2026 key takeaways: The Reserve Bank of India has maintained its key repo rate at 5.25%. The central bank also...
US Stock Market: Private credit funds face fresh redemption test as investor withdrawals remain elevatedPrivate credit funds catering to wealthy investors are coming under renewed pressure as redemption requests remain elevated in the second q...
Blackstone private credit fund caps withdrawals as redemption requests surgeAfter investors sought to pull out 10% of shares in the second-quarter tender offer, compared to 7.9% in the previous quarter, the $79 bill...
CrowdStrike reports higher operating expenses as AI investments gain paceCrowdStrike expects 2027 revenue to be between $5.91 billion and $5.96 billion, compared with its prior expectations of $5.87 billion to $...
Veteran Cirstea defies age to reach first French Open quarter-final in 17 yearsRomanian tennis player Sorana Cirstea has reached her first French Open quarter-final in 17 years. The 36-year-old veteran defeated China's...
US first quarter GDP growth revised down to 1.6% annual rate: GovernmentThe US economy expanded less than initially estimated in the first three months of the year, government data showed Thursday, with investme...
AI chip demand drives 6% growth for Singapore in first quarterSingapore's economy surged six percent in the first quarter. Demand for artificial intelligence chips is driving this growth. This boost he...