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.
Pidilite, Britannia, SBI lead earnings watch; renewable energy boom accelerates
Multiple Indian companies including Pidilite, SBI, Britannia, and Lupin reported strong Q4 FY26 earnings with double-digit profit and revenue growth, driven by…
HighLime Prioritizes Scooter Density Over Expansion, CEO Says Post-IPO
Lime CEO Wayne Ting announced the company will focus on increasing scooter and bike availability in existing US markets rather than expanding to new cities, fo…
HighAmazon and Microsoft Both Surge on AI Growth Despite Different Revenue Patterns
Amazon and Microsoft both report strong AI-driven revenue growth, with AWS and Microsoft cloud services expanding 28-29% YoY, though Amazon maintains higher ov…
HighNintendo Profit Surges 54% Despite Sales Decline; SoftBank Stumbles
Nintendo's profit jumped 54% despite lower sales, while SoftBank's net income fell 18% year-on-year, highlighting market preference for earnings momentum over…
HighAutoliv Posts Record Sales But Türkiye Exit Costs Weigh on Q2 Earnings
Autoliv reported Q2 2026 revenue of $2.8B, up 3% YoY, but net income fell due to $90M Türkiye restructuring charges. The company deepened ties with Great Wall…
HighManipal Health Enterprises Files for Rs 8,000 Crore IPO Backed by Temasek
Temasek-backed Manipal Health Enterprises has filed for an IPO to raise Rs 8,000 crore, with proceeds earmarked for debt repayment, hospital stake acquisition,…
HighNews Corp's decade of zero tax in Australia despite $1.89B revenue
News Corp's Australian subsidiary paid no tax for 10 years despite earning $1.89 billion in revenue and $300+ million in profits in 2024-25, according to ATO d…
HighSynergy Grid raises P13.85B in follow-on offering, boosts public ownership
Synergy Grid Development Philippines listed 1.15 billion shares at P12 each on the PSE, raising P13.85 billion to fund power transmission infrastructure throug…
HighWolverine shares sink on cautious FY25 guidance despite strong Q3 beat
Wolverine World Wide's stock extends a nine-day losing streak after posting strong Q3 results but issuing below-consensus full-year guidance, reaching six-mont…
HighSBI 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…
HighNike deepens restructuring with fresh job cuts as China sales plummet 26%
Nike announced additional job cuts and organizational restructuring as CEO Elliott Hill battles intensifying challenges in China, where sales fell 26% last qua…
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…
HighMicrosoft, Netflix among tech giants paying zero tax on billions in Australian revenue
Microsoft, Netflix, and other major multinationals generated billions in Australian revenue while paying little or no corporate tax, according to ATO transpare…
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…
HighNvidia becomes first $5 trillion company as Huang signals half-trillion revenue visibility
Nvidia reached $5 trillion market value three months after hitting $4 trillion, driven by $500B in secured AI chip orders and potential China market reopening…
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…
HighSAIL, Adani Power, RCF among key stocks to watch as markets open Monday
Multiple Indian companies announced significant corporate actions ahead of Monday trading, including Adani Power's subsidiary merger completion, SAIL's coal bl…
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…
HighIonQ Stock Surges on Nvidia Deal and Quantum Error Correction Breakthrough
IonQ announced a major quantum computing deal with Nvidia and demonstrated CPU-powered quantum error correction, addressing a key scaling challenge. The partne…
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…
HighLynas to Acquire Meteoric in All-Stock Deal Valued at 64% Premium
Lynas Rare Earths announced acquisition of Meteoric through stock exchange, offering 0.0207 Lynas shares per Meteoric share, representing 64% premium to Meteor…
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…
MediumNike Plans Job Cuts, India Expansion as Sales Forecast Darkens
Nike plans job cuts and a new India campus as CEO Elliot Hill navigates another weak quarter with 4% revenue decline and projected high-single-digit sales drop…
HighWoolworths 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…
HighBenioff's AI Paradox: Salesforce Cuts 4,000 Support Jobs While Hiring Salespeople
Salesforce CEO Marc Benioff eliminated 4,000 customer support roles via AI agents while claiming AI lacks the human touch for sales, simultaneously hiring 3,00…
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…
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