Latest Business News
Global Markets Rally on US Jobs Data and Tech Earnings
Global markets closed the week strongly as upbeat US employment figures and blockbuster technology earnings propelled the Nasdaq and S&P 500 to fresh record highs . The positive momentum was driven by robust corporate performance and improving economic indicators across major indices.
Trump Announces Russia-Ukraine Ceasefire Beginning May 9
President Trump announced a significant 3-day Russia-Ukraine ceasefire commencing on May 9, alongside a planned prisoner exchange . This diplomatic development has boosted global market sentiment amid ongoing geopolitical tensions.
US Strikes Iranian Flagged Tankers as Tensions Escalate
The US struck two Iranian-flagged tankers in recent developments, marking an escalation in Middle East tensions . This action comes amid broader diplomatic discussions and proposed deal negotiations with Iran.
US Awaits Iranian Response to Proposed Nuclear Deal
The United States is awaiting Iran's formal response to a proposed nuclear agreement, with negotiations ongoing . The outcome of these discussions is expected to significantly impact international relations and regional stability.
Trump Prepares for Xi Summit in Beijing Next Week
President Trump is scheduled to visit China this week for a summit with Chinese leadership . This high-level diplomatic engagement is anticipated to address trade relations and strategic cooperation between the world's two largest economies.
India's Nifty50 Maintains Momentum Above 24,000 Mark
India's Nifty50 index gained for a second consecutive week, closing above the 24,000 mark, led by strong performance in auto stocks . The sustained momentum reflects investor confidence in Indian equities.
SBI Reports Strong Credit Growth Guidance for FY27
SBI's chairman indicated the bank expects improved net interest and margin trajectory in FY27 while maintaining credit growth guidance of 13-15% . Management highlighted strong corporate loan demand and robust April credit trends with no visible stress in the loan book.
Titan Delivers Mixed Q4 Results with Strong Jewelry Growth
Titan reported a mixed fourth quarter performance, with strong jewelry segment growth offset by margin pressure and weaker profitability . The company continues to navigate challenges in maintaining profitability despite robust demand in core segments.
Tata Consumer Posts Strong Quarter Driven by Domestic Volume
Tata Consumer delivered a strong quarter driven by robust domestic volume growth and sharp expansion across newer businesses like Tata Sampan and Narishtim . The performance demonstrates resilience in consumer spending across key markets.
Swiggy Reports Record Food Delivery Margins in Q4
Swiggy reported mixed Q4 results with food delivery margins hitting record highs, though quick commerce growth remained subdued . The company significantly narrowed losses and maintained its quick commerce break-even guidance for Q1 FY27.
Trump Administration Issues New Iran Sanctions Orders
President Trump signed a series of new executive orders aimed at increasing pressure on Tehran, addressing what the administration calls a persistent Middle East threat . The actions are anticipated to include new sanctions and strategic directives for defense and diplomatic agencies.
Saudi Aramco Reports Results Amid Regional Fragility
Saudi Aramco is reporting financial results amid a fragile geopolitical situation in the Middle East . The energy sector performance will provide insight into the economic impact of ongoing regional conflicts on global oil markets.