Latest Corporate News News
Global Markets Hit Record Highs on Strong US Economic Data
Global markets closed the week on a strong note as upbeat US jobs data and blockbuster tech earnings pushed the Nasdaq and S&P 500 to fresh record highs . The Nifty50 in India gained for a second straight week, ending above the 24,000 mark, led by strong performance in auto stocks and major corporate earnings
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Court Rules Trump's 10% Global Tariffs Unlawful
A federal Court of International Trade concluded in a 2-1 decision that President Trump's global 10% tariffs are unlawful, finding the administration misread the law used to justify the sweeping tariffs . This marks the second time the president's tariff regime has been found illegal, with the Department of Justice already filing a notice of appeal
. The tariffs are set to expire in late July
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Trump Announces Russia-Ukraine Ceasefire Beginning May 9
Trump announced a 3-day Russia-Ukraine ceasefire beginning May 9 alongside a planned prisoner exchange, marking a significant diplomatic development in the ongoing conflict . The announcement has shaped global market sentiment alongside ongoing geopolitical tensions
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SBI Reports Strong Performance and Maintains Growth Guidance
SBI Chairman expects better net interest margin trajectory in FY27 while maintaining credit growth guidance of 13-15% . Management flagged strong corporate loan demand, robust April credit trends, and no visible stress in the loan book despite global uncertainties
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Titan Delivers Mixed Q4 Results with Jewelry Growth
Titan delivered a mixed Q4 with strong jewelry growth offset by margin pressure and weaker profitability . The company faced challenges balancing revenue growth with maintaining profit margins
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Tata Consumer Posts Strong Quarter with 29.2% Net Profit Jump
Tata Consumer reported strong quarterly results with net profit up 29.2%, driven by robust domestic volume growth of 16% compared to expectations of 10% . The company showed strong performance in India's consumption basket
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Swiggy Delivers Strong Q4 FY26 Financial Results
Swiggy delivered another strong set of numbers for Q4 FY26, continuing its robust operational performance . The food delivery platform maintained strong growth momentum throughout the fiscal year
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Middle East Tensions Persist with Iran-US Strait Clashes
Sporadic clashes between Iranian forces and US vessels occurred in the Strait of Hormuz, with a state of relative calm prevailing on Saturday as the US awaited Iran's response to peace proposals . Recent days saw the biggest flare-ups in fighting since a ceasefire began a month ago, with the UAE coming under renewed attack
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Canada Loses 18,000 Jobs in April, Unemployment Rate Rises
Canada's economy suffered an unexpected setback with Statistics Canada reporting a loss of 18,000 jobs in April, sending the unemployment rate two ticks higher to 6.9% . Manufacturing was among the sectors hardest hit, with young workers bearing the brunt of the economic hardship
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Hantavirus-Hit Cruise Ship MV Hondius Expected in Canary Islands
The Dutch cruise ship MV Hondius, where cases of deadly hantavirus have been reported, is expected to arrive in the Canary Islands on Sunday with 147 people still onboard . Four Canadians on the ship are awaiting confirmation of evacuation plans
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Global Universities Hit by Major Cyber Attack
Thousands of schools around the world, including some of Canada's top universities, have been hit by a major cyber attack from a notorious hacking group . The incident represents a significant security breach affecting educational institutions globally
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