Telegram Web Link
Reliance Industries' shares may see a boost from strong Q1 earnings, with CLSA projecting improvements across retail, telecom, and O2C businesses. Retail is expected to show high-teens EBITDA growth, while Jio anticipates significant subscriber additions. The upcoming AGM could provide insights into the Jio IPO and expansion plans in various sectors.
Asian equities showed mixed performance amid stabilising oil prices, as markets assessed easing geopolitical tensions and awaited US fiscal and trade policy cues. Investors remained cautious due to uncertainties surrounding Federal Reserve leadership and potential shifts in US interest rate policy. A fragile ceasefire between Iran and Israel supported market confidence, while speculation about Jerome Powell's future added to volatility.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Thursday following global cues. While Nifty50 was near 25,300, BSE Sensex rose around 150 points.
Bumble Inc. is laying off nearly 30% of its workforce, impacting 240 employees, to cut costs and refocus on long-term growth. The company plans to reinvest $40 million into product innovation and technology. This restructuring comes amid economic challenges and sluggish growth in the dating app sector, with Bumble aiming to improve user experience and regain market traction.
2025/06/29 05:56:19
Back to Top
HTML Embed Code: