Business
Rocket Lab reported record Q2 revenue of US$234m and a US$2.4b backlog, while CEO Peter Beck highlighted data centres in space as a growth opportunity following the company's US$8b acquisition of satellite operator Iridium.
SBI Mutual Fund files IPO prospectus, plans shareholder liquidity via offer for sale
India's largest asset manager SBI Mutual Fund filed its IPO prospectus with Sebi. The offering is entirely an offer for sale by promoters SBI and Amundi, provi…
HighNvidia Surges 14% on AI Dominance, But Valuation Concerns Linger
Nvidia shares jumped 14% after beating earnings and CEO Jensen Huang touted the company's AI leadership, though some analysts question if the $70 billion gain…
HighMorgan Stanley Maintains Hold on Charter Hall Long WALE REIT at A$4.10
Morgan Stanley analyst Simon Chan maintained a Hold rating on Charter Hall Long WALE REIT with a A$4.10 price target, while the company reported mixed quarterl…
HighNvidia revenue doubles to $96bn as AI infrastructure buildout accelerates
Nvidia reported $96bn in Q2 revenue, more than doubling year-over-year, as global AI infrastructure buildout accelerates. The chipmaker forecasts $108bn for ne…
HighCDC Data Centres NZ swings to $88m loss despite revenue growth
New Zealand's largest data centre operator swung to an $87.7m net loss in FY2026 despite 54% revenue growth, hit by property write-downs, forex losses, and tri…
HighAtlas Copco Surges on Semiconductor Demand, Vacuum Technique Orders Up 59%
Atlas Copco reports 26% organic order growth driven by strong semiconductor demand, with Vacuum Technique orders surging 59%. Despite a high P/E ratio of 32–38…
HighSpaceX Acquires AI Startup Cursor for $60B, Enriching Young Cofounders
SpaceX has acquired AI coding startup Cursor for $60 billion, enriching its young cofounders and positioning the aerospace company to compete in the AI race.
MediumBerkshire Hathaway deploys cash under Abel as earnings top forecasts
Berkshire Hathaway's Q3 earnings exceeded forecasts as new CEO Greg Abel accelerates stock buybacks and deploys Warren Buffett's massive cash reserves, reducin…
HighTCS Shares Slip 2% Despite Strong Q4 as Brokerages Debate Growth Path
TCS shares fell 2% despite beating Q4 estimates with ₹70,698 crore revenue and $12 billion in deals, as brokerages express concerns over near-term growth traje…
HighMusk becomes first person to reach $500B net worth as Tesla shares surge
Elon Musk has become the world's first person to reach a net worth of $500.1 billion, driven by Tesla share gains and his AI startup xAI's valuation. Oracle fo…
HighEIE Renewables to Acquire Suyog Urja for ₹311 Crore in Phased Deal
EIE Renewables, a subsidiary of Enviro Infra Engineers, is acquiring Suyog Urja Limited for ₹311 crore in a phased deal, with 51% stake immediately and 49% wit…
HighInox Wind crashes to 52-week low as brokerages slash targets on execution miss
Inox Wind shares plummeted 8% to 52-week lows after Q3 results showed 34% revenue miss and execution delays, prompting major brokerages to slash price targets…
HighNintendo shares tumble 10% on profit warning, Switch 2 price hike
Nintendo shares dropped nearly 10% after warning of 27% profit decline and announcing Switch 2 price increases globally, citing weak game lineup and rising chi…
HighShein acquires struggling Everlane in unlikely eco-fashion merger
Chinese fast-fashion retailer Shein is acquiring eco-friendly clothing brand Everlane, marking an ironic merger between sustainability-focused and mass-product…
HighIndian Stocks Mixed as Earnings Season Reveals Divergent Corporate Health
Major Indian companies including Airtel, Adani Enterprises, and Zomato reported Q1 FY24 earnings with mixed results—some beating revenue estimates while profit…
HighSuzlon Energy's profit surges 539% to ₹1,279 crore on strong renewable demand
Suzlon Energy reported exceptional Q2 FY26 results with consolidated net profit jumping 539% YoY to ₹1,279 crore and revenue surging 84.6% to ₹3,865 crore, bac…
HighNebius's $5B Raise Raises Questions: Is AI Cloud Spending Outpacing Reality?
AI cloud company Nebius raised $5 billion in convertible notes—3.5x its annual revenue—sparking questions about market exuberance and potential bubble conditio…
HighJapanese startup Letara expands hybrid rocket ambitions with $16M funding
Japanese space startup Letara raised $16M to expand hybrid rocket propulsion beyond satellite thrusters into defense and launch markets, capitalizing on Japan'…
HighStripe and Advent Capital Propose $53B Buyout of PayPal
Stripe and Advent Capital have made a $53 billion takeover proposal for PayPal, sending the company's stock soaring in premarket trading. The deal would repres…
High12 States Sue to Block $110B Paramount-Warner Bros. Discovery Merger
Twelve states sued Monday to block Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery, citing concerns about media consolidation among maj…
HighSouth Korea rolls out red carpet for Nvidia CEO Huang amid supply chain realignment
Nvidia CEO Jensen Huang's four-day visit to South Korea has sparked intense public interest as the company seeks to deepen ties amid geopolitical supply chain…
HighPharming Group Posts 30% Revenue Growth in Q3 2025, Raises Full-Year Guidance
Pharming Group delivered 30% revenue growth to $97.3M in Q3 2025, with operating profit surging 285%. The company raised full-year guidance and announced FDA p…
HighApple Watch 8 may gain non-invasive blood glucose monitoring via Rockley sensors
Apple is reportedly working with sensor maker Rockley Photonics to integrate non-invasive blood glucose monitoring into the Apple Watch 8, potentially launchin…
MediumWoolworths posts $1.14bn profit surge, credits customer volume over price hikes
Woolworths reported a $175m surge in net profit to $1.14bn, with CEO attributing gains to increased customer volume rather than higher shelf prices, while the…
HighGatto-linked Indigenous labour firm wins major Victorian road project contract
An Indigenous labour hire firm linked to underworld figure Mick Gatto through his daughter's shareholding won contracts on a $222 million Victorian government…
HighTantalizers Plc Returns to Profit, Charts Diversification Strategy
Tantalizers Plc's board assured shareholders of sustainable growth after returning to profitability in 2025 with N73 million net profit, citing operational dis…
HighElliott builds stake in Deutsche Telekom, pushes against T-Mobile merger
Activist investor Elliott Investment Management has built a stake in Deutsche Telekom and is pushing the German telecom to abandon a potential merger with T-Mo…
HighICG Bid Faces Rejection as Major Investors Boost Stakes Against €8 Offer
Major investors in Irish Continental Group are increasing stakes ahead of an August 28th shareholder vote on an €8-per-share management buyout bid. The deal fa…
HighCommerce Commission approves Gull-NPD fuel merger
New Zealand's Commerce Commission has approved the merger of fuel companies Gull and NPD, creating Astra Energy Group with 240 combined sites while maintaining…
HighNvidia CEO Huang cashes out $1B as AI boom lifts stock 40%
Nvidia CEO Jensen Huang completed a $1 billion pre-planned stock sale as the chipmaker's shares surged over 40% on massive AI demand, pushing the company to $5…
HighInfratil's Leadership Overhaul Signals 13% Undervaluation, Though High P/E Raises Questions
Infratil's board and executive reshuffle has drawn investor attention as the infrastructure company trades at NZ$15.07, with analysts suggesting 13% undervalua…
MediumEA Opens Battle Pass Pre-Orders, Taps New Demand-Gauging Metric
EA is accepting pre-orders for Battlefield 6's season 3 battle pass with incentives, using the tactic to gather demand data while maximizing revenue ahead of a…
HighWolverine World Wide's 2024 Guidance Falls Well Below Consensus Expectations
Wolverine World Wide reported Q4 losses wider than expected and issued 2024 guidance significantly below consensus, citing ongoing transformation efforts despi…
HighTNG Digital hits profitability milestone as non-payment services drive growth
Malaysia's largest e-wallet operator TNG Digital achieved its first full-year profit of RM103.23 million in 2025, driven by a strategic shift toward higher-mar…
HighGreg Abel Takes Center Stage at Berkshire's First Post-Buffett Annual Meeting
Greg Abel took center stage at Berkshire Hathaway's first annual meeting without Warren Buffett, establishing himself as the company's leader while shareholder…
HighTelstra shelves infrastructure sale, backs AI and cloud growth potential
Telstra posted $2 billion profit and decided to retain its InfraCo Fixed infrastructure business, citing AI and cloud storage opportunities rather than pursuin…
High360One WAM shares dip 4% post Q4 results; analysts see 19% upside potential
360One WAM shares fell 4% post-Q4FY26 results despite 28% revenue growth, though analysts remain bullish with up to 19% upside potential citing strong wealth m…
HighZensho Holdings Faces Analyst Earnings Downgrade Despite Steady Revenue Outlook
Zensho Holdings shares fell 12% after missing EPS expectations, prompting analysts to lower 2027 earnings forecasts while maintaining revenue growth outlook an…
HighMTN Nigeria Posts 70.6% Profit Jump to N707.5bn, Declares N26 Interim Dividend
MTN Nigeria achieved 70.6% profit growth to N707.5bn in H1 2026, driven by data revenue expansion and operational efficiency, declaring N26 interim dividend pe…
HighLegora warns investors of unauthorized share sales on secondary platform
European AI startup Legora has cautioned investors about unauthorized share sales appearing on secondary trading platform Hiive, which facilitates pre-IPO stoc…
MediumAMC Stock Surges on Record Revenue as CEO Defends Against Skeptics
AMC Entertainment's stock surged following record revenue results, with CEO dismissing skeptics about the company's turnaround prospects amid ongoing industry…
MediumSonae Chairman Azevedo Invests €427K in 224K Company Shares
Paulo Azevedo, Sonae's chairman, acquired 224,300 shares for €427k through his company Migracom, increasing his indirect stake to 0.33% of the retail group.
HighVedanta promoter Twin Star to sell Rs 1,890 crore stake via block deal
Vedanta's largest promoter Twin Star Holdings plans to sell 1.7% equity stake worth Rs 1,890 crore via block deal at Rs 291 per share, reducing its holding whi…
HighIntermap Technologies Shareholders Approve All Board Nominees, Auditor Reappointment
Intermap Technologies held its annual shareholder meeting on June 24, 2026, with 31.16% shareholder participation voting to approve all nominated directors and…
HighCactus Stock Seen 13.9% Undervalued on Baker Hughes Deal Expansion
Cactus (WHD) trades 13.9% below analyst fair value of $63.56 following recent pullback, with Baker Hughes acquisition expected to expand Middle East presence a…
MediumNvidia crushes expectations with 67% profit surge, raises Q4 guidance
Nvidia exceeded revenue and profit forecasts with $57B in quarterly revenue and 67% year-over-year profit growth, driven by data center demand. The company rai…
HighDisney Beats Earnings Expectations as Parks Surge; CEO Successor Decision Looms
Disney reported Q1 2026 revenue of $25.98B, beating expectations, driven by theme parks hitting $10B quarterly revenue. The company faces imminent CEO successi…
HighMicrosoft Profit Surges 31% as Azure Cloud Revenue Crosses $100B Milestone
Microsoft reported a 31% profit jump with Azure cloud sales exceeding $100 billion, beating Wall Street expectations on $90B revenue while increasing AI spendi…
HighDOJ approves Paramount's $111bn Warner Bros takeover despite industry consolidation concerns
The US Department of Justice has approved Paramount Skydance's $111bn acquisition of Warner Bros Discovery, finding it will increase competition. However, Cali…
HighXbox Revenue Falls 10% as Microsoft Pivots to Cloud and AI
Microsoft's Xbox division reported a 10% revenue decline for the fourth consecutive quarter, with hardware sales falling 13%, while the company's cloud and AI…
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