Apple briefly surpassed $5 trillion in market value, becoming only the second company after Nvidia to reach the historic milestone.
Manipal Health Enterprises secured Rs 4,167 crore from anchor investors for its upcoming IPO. The company's initial public offering is set to launch on July 29, aiming for Rs 9,275 crore. This public issue will include a fresh issue and an offer for sale by existing shareholders. Funds raised will be used for debt repayment and acquisitions, enhancing its hospital network.
Boeing posted a wider-than-expected Q2 loss after a $280 million Air Force One charge, but shares rose 5% as positive free cash flow and higher aircraft production signaled progress in the planemaker’s turnaround.
Fusion Finance forfeited 1.63 lakh partly paid rights shares worth Rs 1.07 crore after investors failed to pay despite the final reminder. The company converted 2.29 lakh shares into fully paid-up equity shares after receiving Rs 1.50 crore in call money.
Indian equities ended lower on Tuesday as Sensex and Nifty erased early gains after a sharp rally. Analysts cited cautious sentiment ahead of global central bank meetings, while IT stocks outperformed and Nifty remained range-bound near key technical levels.
The benchmark reached the correction threshold in just 38 trading days, versus more than 100 sessions during its previous decline.
Coforge reported a remarkable 63.3 percent increase in profits for the June quarter, driven by the recent acquisition of Encora and a surge in demand for artificial intelligence solutions. Additionally, revenue soared by 49.2 percent, reaching an impressive Rs 5,527.7 crore. The company has also secured new orders amounting to USD 691 million for the quarter, projecting a stellar performance for the upcoming year.
Knowledge Realty Trust has showcased a remarkable performance with a fifteen percent uptick in net operating income, marking an exhilarating time for investors. The firm proudly declared a record distribution amounting to Rs 751.6 crore. Additionally, total revenue witnessed a matching fifteen percent growth in the April-June quarter, complemented by an impressive portfolio occupancy rate of ninety-three percent, largely fueled by increased office space demand with leases totaling 1.
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