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Birkenstock shares pop 20% to 3-week high after strong fiscal Q3; company raises annual revenue forecast
Shares of Birkenstock soared 20% to $43.90 after positive Q3 results, reporting 13% revenue growth. The company raised its full-year sales forecast and benefited from…
Sebi seeks public comments on review of Accredited Investor framework
SEBI has proposed revamping Accredited Investor rules by adding securities-market assets as an eligibility criterion, simplifying accreditation and expanding deemed eligibility. The changes could increase…
Honasa bets on younger brands, new categories after Q1 profit doubles
Mamaearth parent Honasa Consumer plans to scale younger brands and enter fragrance after profit more than doubled in Q1FY27
Bank of Baroda raises $700 million in first overseas bond issue since 2019
Bank of Baroda raised $700 million through three-year and five-year dollar bonds, marking its first overseas issue in over seven years. Strong investor demand helped…
Who will be next chairman of Tata Sons as N Chandrasekaran exits? Speculation swirls around 'proven insider'
While Tata Trusts does not play a role in the day-to-day management of the conglomerate, its shareholding in the parent company gives it decisive influence…
Wall Street surges as oil prices and wholesale inflation ease, tech stocks advance
At 10:09 a.m. ET, the Dow Jones Industrial Average rose 0.36%, the S&P 500 gained 0.73%, the Nasdaq Composite added 0.92%
US stocks: Birkenstock shares jump 18% as strong demand prompts revenue forecast hike
Birkenstock has raised its annual sales growth forecast after surpassing quarterly revenue expectations. The company's robust performance was largely driven by strong full-price demand for…
US stocks: Cerebras slumps 12% as mixed quarterly results test AI growth narrative
Cerebras Systems experienced a notable drop in its shares after falling short of key financial projections. Although its cloud revenue saw a remarkable increase, hardware…
Air India starts testing of all pilots for psychoactive substances after Phuket-Delhi flight incident
The exercise was being undertaken even though the airline already fully complies with requirements prescribed by India’s aviation regulator.
Sebi proposes asset threshold for individuals, corporates to widen accredited investor pool
Sebi is set to broaden the criteria for accredited investors, allowing individuals boasting securities assets of Rs 5 crore to qualify for participation. Additionally, body…
US stocks: S&P 500 hits intraday record as tech stocks rally, crude oil prices fall
Major Wall Street indexes opened higher on Thursday morning. Crude oil prices experienced a decline, boosting investor confidence. This development improved overall market risk appetite…
