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📌GIFT Nifty (Earlier SGX Nifty) signals a positive start. 📌India VIX, which is a measure of the fear in the markets, rose 1.8% to settle at 16.25 levels. 📌Foreign portfolio investors turned net buyers at Rs 8,250 crore on Thursday. 📌DIIs sold shares worth Rs 534 crore. After a two-day pause, the rupee gained 12 paise to 85.33 against the US dollar on Thursday.

SEBI has imposed a ₹10 lakh penalty on Future Retail for delaying the disclosure of arbitration proceedings and an interim order by the Singapore International Arbitration Centre (SIAC). Amazon initiated arbitration against Future Group in October 2020, but Future Retail disclosed the matter only on November 1, 2020, after stock exchanges intervened, violating LODR Regulations.

Asian shares rose Friday, driven by optimism over potential Federal Reserve rate cuts and strong earnings from Alphabet, which climbed 4.9% after beating estimates. South Korea's shares gained 1.1%, while Japan's rose 1%. S&P 500 futures advanced 0.4% as trade deal hopes boosted sentiment. However, earnings outlooks remain cautious amid economic slowdown risks.

Intel CEO Lip-Bu Tan outlined plans to address the company’s struggles, including job cuts, management restructuring, and a return to in-person work, amid a weaker-than-expected revenue forecast. Shares fell over 5% as the company faces challenges like increasing competition, a lagging AI product line, and a struggling foundry business, with cost reductions targeting $17 billion this year.

Nestlé India's March quarter net profit fell 5.2% to ₹885.41 crore due to higher commodity costs, despite a 3.6% rise in revenue to ₹5,447.64 crore, driven by strong growth in beverages and confectionery. For FY25, total sales grew 3.13% to ₹20,077.5 crore, with profit up 3.7% at ₹3,314.5 crore. The company plans to invest ₹6,500 crore by 2025 to expand capabilities.

U.S. stocks rose for a third straight day, driven by tech shares, as investors monitored U.S.-China tariff developments and parsed mixed corporate earnings. The Nasdaq outperformed, boosted by AI-related megacaps like ServiceNow, which surged 15.5% after strong results. Beijing called for tariff cuts, and 74% of S&P 500 companies reporting so far have beaten earnings expectations.

Reliance Jio is expected to report a 2.1% QoQ revenue growth to ₹29,925 crore for the March 2025 quarter, driven by subscriber additions and higher ARPU. ARPU is seen rising to ₹206, with subscribers reaching 487.4 million. EBITDA margin is expected to remain at 52.8%, while PAT may grow 0.5% to ₹6,515 crore. RIL shares rose 0.3% to ₹1,303.5.

MarineMax (NYSE:HZO) reported Q1 CY2025 results, with revenue of $631.5 million, up 8.3% year-on-year and exceeding estimates by 8.8%. Adjusted EPS of $0.23 beat expectations by 19.3%, while same-store sales rose 11%. Management lowered full-year EPS guidance to $1.90 at the midpoint, a 17.4% decrease. The stock rose 7.7% following the strong quarterly performance.

Pool Corp (NASDAQ:POOL) reported Q1 revenue of $1.07 billion, a 4.4% YoY decline, missing estimates of $1.10 billion. GAAP EPS was $1.42, below the $1.48 consensus. Adjusted EBITDA of $95.44 million also fell short. Operating margin dropped to 7.2% from 9.7% last year, and free cash flow margin declined to 1.3%. Despite misses, full-year EPS guidance aligned with expectations.

The Sensex fell 314.50 points to 79,801.99, and the Nifty dropped 84.25 points to 24,244.70. FMCG stocks, led by Hindustan Unilever and Nestle India, declined over 1%, while Pharma gained. Top gainers included Persistent Systems, Thyrocare Tech, and Divi’s Labs, while Syngene International and HUL were top losers.

American Airlines reported Q1 2025 revenue of $12.55 billion, meeting estimates, though flat year-over-year. The company posted a non-GAAP loss of $0.59 per share, beating expectations by 12.1%. Operating margin fell to -2.2%, and revenue passenger miles dropped slightly. CEO Robert Isom highlighted progress in fleet refresh and cost management amid industry uncertainty.

LKQ (NASDAQ:LKQ) reported Q1 2025 revenue of $3.46 billion, a 6.5% year-over-year decline, missing estimates of $3.61 billion. Adjusted EPS of $0.79 beat expectations by 1.5%, while adjusted EBITDA of $392 million slightly missed forecasts. Management maintained full-year EPS guidance of $3.55. The stock fell 5% post-earnings.

FARO reported Q1 revenue of $82.86M, a 1.6% YoY decline but above estimates. Adjusted EPS of $0.33 and EBITDA of $12.47M exceeded expectations. Q2 guidance is strong, with revenue around $83M and EPS of $0.30. Operating margin improved to 4.6%. The stock rose 13.6% post-results, reflecting cost management and profitability gains despite past revenue declines.

Aavas Financiers reported a net profit of ₹15,367.92 lakh for Q4 FY2025, up 8% year-on-year, with a full-year profit of ₹57,410.82 lakh, rising 17%. Revenue from operations reached ₹63,621.30 lakh for Q4 and ₹2,35,450.52 lakh for the year. The loan book grew to ₹16,22,971 lakh, with strong asset quality (GNPA 1.08%, net NPA 0.73%). Shares dipped 0.7% on April 24 but have gained 25.4% in 2025.

Shyft (NASDAQ:SHYF) reported Q1 CY2025 revenue of $204.6 million, beating estimates by 2.8%, with a 3.4% year-on-year increase. Non-GAAP EPS of $0.07 and adjusted EBITDA of $12.28 million significantly exceeded expectations. The company reaffirmed its full-year revenue guidance of $920 million and adjusted EPS of $0.80. Shyft's stock rose 7% to $7.80 following the strong results.

Tractor Supply (TSCO) reported Q1 2025 revenue of $3.47 billion, a 2.1% year-over-year increase, missing analyst estimates of $3.53 billion. GAAP EPS of $0.34 fell 7.9% short of expectations. Full-year revenue guidance of $6 billion midpoint also underperformed estimates. Same-store sales were flat, and the stock dropped 4.4% post-earnings.

📌GIFT Nifty (Earlier SGX Nifty) signals a positive start. 📌India VIX, which is a measure of the fear in the markets, rose 1.8% to settle at 16.25 levels. 📌Foreign portfolio investors turned net buyers at Rs 8,250 crore on Thursday. 📌DIIs sold shares worth Rs 534 crore. After a two-day pause, the rupee gained 12 paise to 85.33 against the US dollar on Thursday.

SEBI has imposed a ₹10 lakh penalty on Future Retail for delaying the disclosure of arbitration proceedings and an interim order by the Singapore International Arbitration Centre (SIAC). Amazon initiated arbitration against Future Group in October 2020, but Future Retail disclosed the matter only on November 1, 2020, after stock exchanges intervened, violating LODR Regulations.

Asian shares rose Friday, driven by optimism over potential Federal Reserve rate cuts and strong earnings from Alphabet, which climbed 4.9% after beating estimates. South Korea's shares gained 1.1%, while Japan's rose 1%. S&P 500 futures advanced 0.4% as trade deal hopes boosted sentiment. However, earnings outlooks remain cautious amid economic slowdown risks.

Intel CEO Lip-Bu Tan outlined plans to address the company’s struggles, including job cuts, management restructuring, and a return to in-person work, amid a weaker-than-expected revenue forecast. Shares fell over 5% as the company faces challenges like increasing competition, a lagging AI product line, and a struggling foundry business, with cost reductions targeting $17 billion this year.

Nestlé India's March quarter net profit fell 5.2% to ₹885.41 crore due to higher commodity costs, despite a 3.6% rise in revenue to ₹5,447.64 crore, driven by strong growth in beverages and confectionery. For FY25, total sales grew 3.13% to ₹20,077.5 crore, with profit up 3.7% at ₹3,314.5 crore. The company plans to invest ₹6,500 crore by 2025 to expand capabilities.

U.S. stocks rose for a third straight day, driven by tech shares, as investors monitored U.S.-China tariff developments and parsed mixed corporate earnings. The Nasdaq outperformed, boosted by AI-related megacaps like ServiceNow, which surged 15.5% after strong results. Beijing called for tariff cuts, and 74% of S&P 500 companies reporting so far have beaten earnings expectations.

Reliance Jio is expected to report a 2.1% QoQ revenue growth to ₹29,925 crore for the March 2025 quarter, driven by subscriber additions and higher ARPU. ARPU is seen rising to ₹206, with subscribers reaching 487.4 million. EBITDA margin is expected to remain at 52.8%, while PAT may grow 0.5% to ₹6,515 crore. RIL shares rose 0.3% to ₹1,303.5.

MarineMax (NYSE:HZO) reported Q1 CY2025 results, with revenue of $631.5 million, up 8.3% year-on-year and exceeding estimates by 8.8%. Adjusted EPS of $0.23 beat expectations by 19.3%, while same-store sales rose 11%. Management lowered full-year EPS guidance to $1.90 at the midpoint, a 17.4% decrease. The stock rose 7.7% following the strong quarterly performance.

Pool Corp (NASDAQ:POOL) reported Q1 revenue of $1.07 billion, a 4.4% YoY decline, missing estimates of $1.10 billion. GAAP EPS was $1.42, below the $1.48 consensus. Adjusted EBITDA of $95.44 million also fell short. Operating margin dropped to 7.2% from 9.7% last year, and free cash flow margin declined to 1.3%. Despite misses, full-year EPS guidance aligned with expectations.

The Sensex fell 314.50 points to 79,801.99, and the Nifty dropped 84.25 points to 24,244.70. FMCG stocks, led by Hindustan Unilever and Nestle India, declined over 1%, while Pharma gained. Top gainers included Persistent Systems, Thyrocare Tech, and Divi’s Labs, while Syngene International and HUL were top losers.

American Airlines reported Q1 2025 revenue of $12.55 billion, meeting estimates, though flat year-over-year. The company posted a non-GAAP loss of $0.59 per share, beating expectations by 12.1%. Operating margin fell to -2.2%, and revenue passenger miles dropped slightly. CEO Robert Isom highlighted progress in fleet refresh and cost management amid industry uncertainty.

LKQ (NASDAQ:LKQ) reported Q1 2025 revenue of $3.46 billion, a 6.5% year-over-year decline, missing estimates of $3.61 billion. Adjusted EPS of $0.79 beat expectations by 1.5%, while adjusted EBITDA of $392 million slightly missed forecasts. Management maintained full-year EPS guidance of $3.55. The stock fell 5% post-earnings.

FARO reported Q1 revenue of $82.86M, a 1.6% YoY decline but above estimates. Adjusted EPS of $0.33 and EBITDA of $12.47M exceeded expectations. Q2 guidance is strong, with revenue around $83M and EPS of $0.30. Operating margin improved to 4.6%. The stock rose 13.6% post-results, reflecting cost management and profitability gains despite past revenue declines.

Aavas Financiers reported a net profit of ₹15,367.92 lakh for Q4 FY2025, up 8% year-on-year, with a full-year profit of ₹57,410.82 lakh, rising 17%. Revenue from operations reached ₹63,621.30 lakh for Q4 and ₹2,35,450.52 lakh for the year. The loan book grew to ₹16,22,971 lakh, with strong asset quality (GNPA 1.08%, net NPA 0.73%). Shares dipped 0.7% on April 24 but have gained 25.4% in 2025.

Shyft (NASDAQ:SHYF) reported Q1 CY2025 revenue of $204.6 million, beating estimates by 2.8%, with a 3.4% year-on-year increase. Non-GAAP EPS of $0.07 and adjusted EBITDA of $12.28 million significantly exceeded expectations. The company reaffirmed its full-year revenue guidance of $920 million and adjusted EPS of $0.80. Shyft's stock rose 7% to $7.80 following the strong results.

Tractor Supply (TSCO) reported Q1 2025 revenue of $3.47 billion, a 2.1% year-over-year increase, missing analyst estimates of $3.53 billion. GAAP EPS of $0.34 fell 7.9% short of expectations. Full-year revenue guidance of $6 billion midpoint also underperformed estimates. Same-store sales were flat, and the stock dropped 4.4% post-earnings.

PepsiCo reported Q1 2025 revenue of $17.92 billion, beating estimates but down 1.8% year-on-year. Adjusted EPS of $1.48 slightly missed expectations. Organic revenue grew 1.2%, while sales volumes dropped 2%. Operating margin remained steady at 14.4%, and free cash flow improved to -$1.58 billion. The company's market capitalization stands at $195.1 billion.

LSI reported Q1 CY2025 revenue of $132.5M, up 22.5% year-over-year, beating estimates of $129.7M. Non-GAAP EPS was $0.20, in line with consensus. Operating margin fell to 4.7% from 7.2% last year. CEO noted solid sales growth amid demand variability, with the company maintaining a strong five-year sales growth trend of 11.1%.

L&T Technology Services reported a lower-than-expected Q4 net profit of ₹311.1 crore, down 3.5% sequentially. Revenue rose 12.4% to ₹2,982.4 crore but missed estimates. EBIT declined 6.6% to ₹393.9 crore, with operating margin at 13.2%. Dollar revenue was $345.1 million, up 10.6%, but below forecasts. The company declared a final dividend of ₹38 per share, with shares closing 0.43% higher.

Comcast reported Q1 2025 results with revenue of $29.89 billion, flat year-over-year but in line with estimates. Adjusted EPS of $1.09 beat expectations by 9.9%, and adjusted EBITDA of $9.53 billion exceeded forecasts by 4.4%. Domestic broadband customers fell to 31.64 million, down 545,000 year-over-year, while operating margin remained stable at 18.9%.

IBM shares fell over 6% after 15 federal contracts worth $100 million were suspended due to Trump administration cost-cutting. The consulting segment saw a 2% revenue drop, but IBM maintained its 2025 growth target. The software unit, including Red Hat, is a key growth area despite modest growth below expectations. IBM's stock, up 12% this year, trades at a higher multiple than peers.

U.S. stock index futures fell as investors grappled with the Trump administration's erratic trade policy and mixed corporate results. A brief equity rally faded amid conflicting reports on tariffs and trade tensions with China. Southwest Airlines dropped 4% after withdrawing its financial forecast, while IBM slumped 7.6% and ServiceNow surged 9.2%.

JPMorgan Asset Management says U.S. Treasuries have more potential gains than European bonds as markets underprice the Federal Reserve's likely aggressive rate cuts compared to the ECB. With U.S. rates above neutral, shorter-term bonds rallied, and global investors see Treasuries as attractive again amid easing trade tensions and growth concerns.

ONGC is seeking an overseas partnership to boost production at its KG-98/2 deep-water block in the Krishna Godavari basin, where output is stuck at 35,000 bpd, below the target of 45,000 bpd. The company is exploring technical collaborations with global firms like Chevron and TotalEnergies to overcome technological challenges and meet its production goals.

Cyient Ltd reported a 0.9% sequential decline in March quarter revenue to ₹1,909.2 crore, citing prolonged macroeconomic challenges. EBIT margins improved to 12.3%, and profit after tax rose 39.4% to ₹170.4 crore. The DET services segment saw a 3% drop in dollar revenue and a 41% fall in order intake. Weak demand persisted across verticals, with shares closing flat at ₹1,243.05.

3 more Russian insurers, including Sberbank's subsidiary, have sought Indian approval to provide marine insurance for Russian oil shipments to India, as Moscow aims to maintain oil exports despite Western sanctions. India has already approved 5 Russian insurers, with the three new applicants meeting India's criteria. This move comes amid growing scrutiny of Russia's oil supply chain by the West.

Vietnamese electric vehicle maker VinFast reported on Thursday a deeper quarterly loss due to rising costs linked to its overseas expansion and free charging programme aimed at attracting buyers. VinFast reported a net loss of $1.3 billion in the fourth quarter of 2024, worsening from a $650 million loss a year ago and $773 million in the third quarter.

US Treasury Secretary Scott Bessent expects India to soon finalize a bilateral trade deal to avoid President Trump's reciprocal tariffs, citing India's lower tariffs and fewer trade barriers. A 26% tariff on Indian exports to the US is paused until July 8. The US had a $45.7 billion trade deficit with India in 2024.

SEBI fined Future Retail (FRL) Rs 10 lakh for inadequate and delayed disclosures regarding arbitration proceedings and an arbitration award involving a Future Group company. FRL violated LODR and PIT Regulations by failing to promptly disclose details of the interim award from SIAC, which was only fully revealed on November 1, 2020, after stock exchange intervention.

Money market account rates remain elevated, with top offers above 4% APY, though the national average is 0.64%. The Fed's recent rate cuts have started to lower MMA rates, with further declines expected in 2025. Now may be the last chance to secure higher rates, balancing safety, liquidity, and better returns than traditional savings accounts.

Jane Street Group LLC achieved a record $20.5 billion in net trading revenue in 2024, surpassing Bank of America and Citigroup. The firm, which expanded into ETFs, stocks, and bonds, expects Q1 2025 revenue to reach $7.1-7.2 billion, a 60% increase. It sold $1.35 billion in bonds to fuel growth, with significant market shares in equities and ETFs.

Travel insurance can cover Type 2 diabetes emergencies if declared and pre-existing conditions are included. Home insurance often excludes business equipment, requiring riders for coverage. Proactive communication with insurers and proper documentation are crucial for both scenarios to ensure financial protection and smooth claims.

📌GIFT Nifty (Earlier SGX Nifty) signals a positive start. 📌India VIX, which is a measure of the fear in the markets, rose 1.8% to settle at 16.25 levels. 📌Foreign portfolio investors turned net buyers at Rs 8,250 crore on Thursday. 📌DIIs sold shares worth Rs 534 crore. After a two-day pause, the rupee gained 12 paise to 85.33 against the US dollar on Thursday.

SEBI has imposed a ₹10 lakh penalty on Future Retail for delaying the disclosure of arbitration proceedings and an interim order by the Singapore International Arbitration Centre (SIAC). Amazon initiated arbitration against Future Group in October 2020, but Future Retail disclosed the matter only on November 1, 2020, after stock exchanges intervened, violating LODR Regulations.

Asian shares rose Friday, driven by optimism over potential Federal Reserve rate cuts and strong earnings from Alphabet, which climbed 4.9% after beating estimates. South Korea's shares gained 1.1%, while Japan's rose 1%. S&P 500 futures advanced 0.4% as trade deal hopes boosted sentiment. However, earnings outlooks remain cautious amid economic slowdown risks.

Intel CEO Lip-Bu Tan outlined plans to address the company’s struggles, including job cuts, management restructuring, and a return to in-person work, amid a weaker-than-expected revenue forecast. Shares fell over 5% as the company faces challenges like increasing competition, a lagging AI product line, and a struggling foundry business, with cost reductions targeting $17 billion this year.

Nestlé India's March quarter net profit fell 5.2% to ₹885.41 crore due to higher commodity costs, despite a 3.6% rise in revenue to ₹5,447.64 crore, driven by strong growth in beverages and confectionery. For FY25, total sales grew 3.13% to ₹20,077.5 crore, with profit up 3.7% at ₹3,314.5 crore. The company plans to invest ₹6,500 crore by 2025 to expand capabilities.

U.S. stocks rose for a third straight day, driven by tech shares, as investors monitored U.S.-China tariff developments and parsed mixed corporate earnings. The Nasdaq outperformed, boosted by AI-related megacaps like ServiceNow, which surged 15.5% after strong results. Beijing called for tariff cuts, and 74% of S&P 500 companies reporting so far have beaten earnings expectations.

Reliance Jio is expected to report a 2.1% QoQ revenue growth to ₹29,925 crore for the March 2025 quarter, driven by subscriber additions and higher ARPU. ARPU is seen rising to ₹206, with subscribers reaching 487.4 million. EBITDA margin is expected to remain at 52.8%, while PAT may grow 0.5% to ₹6,515 crore. RIL shares rose 0.3% to ₹1,303.5.

MarineMax (NYSE:HZO) reported Q1 CY2025 results, with revenue of $631.5 million, up 8.3% year-on-year and exceeding estimates by 8.8%. Adjusted EPS of $0.23 beat expectations by 19.3%, while same-store sales rose 11%. Management lowered full-year EPS guidance to $1.90 at the midpoint, a 17.4% decrease. The stock rose 7.7% following the strong quarterly performance.

Pool Corp (NASDAQ:POOL) reported Q1 revenue of $1.07 billion, a 4.4% YoY decline, missing estimates of $1.10 billion. GAAP EPS was $1.42, below the $1.48 consensus. Adjusted EBITDA of $95.44 million also fell short. Operating margin dropped to 7.2% from 9.7% last year, and free cash flow margin declined to 1.3%. Despite misses, full-year EPS guidance aligned with expectations.

The Sensex fell 314.50 points to 79,801.99, and the Nifty dropped 84.25 points to 24,244.70. FMCG stocks, led by Hindustan Unilever and Nestle India, declined over 1%, while Pharma gained. Top gainers included Persistent Systems, Thyrocare Tech, and Divi’s Labs, while Syngene International and HUL were top losers.

American Airlines reported Q1 2025 revenue of $12.55 billion, meeting estimates, though flat year-over-year. The company posted a non-GAAP loss of $0.59 per share, beating expectations by 12.1%. Operating margin fell to -2.2%, and revenue passenger miles dropped slightly. CEO Robert Isom highlighted progress in fleet refresh and cost management amid industry uncertainty.

LKQ (NASDAQ:LKQ) reported Q1 2025 revenue of $3.46 billion, a 6.5% year-over-year decline, missing estimates of $3.61 billion. Adjusted EPS of $0.79 beat expectations by 1.5%, while adjusted EBITDA of $392 million slightly missed forecasts. Management maintained full-year EPS guidance of $3.55. The stock fell 5% post-earnings.

FARO reported Q1 revenue of $82.86M, a 1.6% YoY decline but above estimates. Adjusted EPS of $0.33 and EBITDA of $12.47M exceeded expectations. Q2 guidance is strong, with revenue around $83M and EPS of $0.30. Operating margin improved to 4.6%. The stock rose 13.6% post-results, reflecting cost management and profitability gains despite past revenue declines.

Aavas Financiers reported a net profit of ₹15,367.92 lakh for Q4 FY2025, up 8% year-on-year, with a full-year profit of ₹57,410.82 lakh, rising 17%. Revenue from operations reached ₹63,621.30 lakh for Q4 and ₹2,35,450.52 lakh for the year. The loan book grew to ₹16,22,971 lakh, with strong asset quality (GNPA 1.08%, net NPA 0.73%). Shares dipped 0.7% on April 24 but have gained 25.4% in 2025.

Shyft (NASDAQ:SHYF) reported Q1 CY2025 revenue of $204.6 million, beating estimates by 2.8%, with a 3.4% year-on-year increase. Non-GAAP EPS of $0.07 and adjusted EBITDA of $12.28 million significantly exceeded expectations. The company reaffirmed its full-year revenue guidance of $920 million and adjusted EPS of $0.80. Shyft's stock rose 7% to $7.80 following the strong results.

Tractor Supply (TSCO) reported Q1 2025 revenue of $3.47 billion, a 2.1% year-over-year increase, missing analyst estimates of $3.53 billion. GAAP EPS of $0.34 fell 7.9% short of expectations. Full-year revenue guidance of $6 billion midpoint also underperformed estimates. Same-store sales were flat, and the stock dropped 4.4% post-earnings.

PepsiCo reported Q1 2025 revenue of $17.92 billion, beating estimates but down 1.8% year-on-year. Adjusted EPS of $1.48 slightly missed expectations. Organic revenue grew 1.2%, while sales volumes dropped 2%. Operating margin remained steady at 14.4%, and free cash flow improved to -$1.58 billion. The company's market capitalization stands at $195.1 billion.

LSI reported Q1 CY2025 revenue of $132.5M, up 22.5% year-over-year, beating estimates of $129.7M. Non-GAAP EPS was $0.20, in line with consensus. Operating margin fell to 4.7% from 7.2% last year. CEO noted solid sales growth amid demand variability, with the company maintaining a strong five-year sales growth trend of 11.1%.

L&T Technology Services reported a lower-than-expected Q4 net profit of ₹311.1 crore, down 3.5% sequentially. Revenue rose 12.4% to ₹2,982.4 crore but missed estimates. EBIT declined 6.6% to ₹393.9 crore, with operating margin at 13.2%. Dollar revenue was $345.1 million, up 10.6%, but below forecasts. The company declared a final dividend of ₹38 per share, with shares closing 0.43% higher.

Comcast reported Q1 2025 results with revenue of $29.89 billion, flat year-over-year but in line with estimates. Adjusted EPS of $1.09 beat expectations by 9.9%, and adjusted EBITDA of $9.53 billion exceeded forecasts by 4.4%. Domestic broadband customers fell to 31.64 million, down 545,000 year-over-year, while operating margin remained stable at 18.9%.

IBM shares fell over 6% after 15 federal contracts worth $100 million were suspended due to Trump administration cost-cutting. The consulting segment saw a 2% revenue drop, but IBM maintained its 2025 growth target. The software unit, including Red Hat, is a key growth area despite modest growth below expectations. IBM's stock, up 12% this year, trades at a higher multiple than peers.

U.S. stock index futures fell as investors grappled with the Trump administration's erratic trade policy and mixed corporate results. A brief equity rally faded amid conflicting reports on tariffs and trade tensions with China. Southwest Airlines dropped 4% after withdrawing its financial forecast, while IBM slumped 7.6% and ServiceNow surged 9.2%.

JPMorgan Asset Management says U.S. Treasuries have more potential gains than European bonds as markets underprice the Federal Reserve's likely aggressive rate cuts compared to the ECB. With U.S. rates above neutral, shorter-term bonds rallied, and global investors see Treasuries as attractive again amid easing trade tensions and growth concerns.

ONGC is seeking an overseas partnership to boost production at its KG-98/2 deep-water block in the Krishna Godavari basin, where output is stuck at 35,000 bpd, below the target of 45,000 bpd. The company is exploring technical collaborations with global firms like Chevron and TotalEnergies to overcome technological challenges and meet its production goals.

Cyient Ltd reported a 0.9% sequential decline in March quarter revenue to ₹1,909.2 crore, citing prolonged macroeconomic challenges. EBIT margins improved to 12.3%, and profit after tax rose 39.4% to ₹170.4 crore. The DET services segment saw a 3% drop in dollar revenue and a 41% fall in order intake. Weak demand persisted across verticals, with shares closing flat at ₹1,243.05.

3 more Russian insurers, including Sberbank's subsidiary, have sought Indian approval to provide marine insurance for Russian oil shipments to India, as Moscow aims to maintain oil exports despite Western sanctions. India has already approved 5 Russian insurers, with the three new applicants meeting India's criteria. This move comes amid growing scrutiny of Russia's oil supply chain by the West.

Vietnamese electric vehicle maker VinFast reported on Thursday a deeper quarterly loss due to rising costs linked to its overseas expansion and free charging programme aimed at attracting buyers. VinFast reported a net loss of $1.3 billion in the fourth quarter of 2024, worsening from a $650 million loss a year ago and $773 million in the third quarter.

US Treasury Secretary Scott Bessent expects India to soon finalize a bilateral trade deal to avoid President Trump's reciprocal tariffs, citing India's lower tariffs and fewer trade barriers. A 26% tariff on Indian exports to the US is paused until July 8. The US had a $45.7 billion trade deficit with India in 2024.

SEBI fined Future Retail (FRL) Rs 10 lakh for inadequate and delayed disclosures regarding arbitration proceedings and an arbitration award involving a Future Group company. FRL violated LODR and PIT Regulations by failing to promptly disclose details of the interim award from SIAC, which was only fully revealed on November 1, 2020, after stock exchange intervention.

Money market account rates remain elevated, with top offers above 4% APY, though the national average is 0.64%. The Fed's recent rate cuts have started to lower MMA rates, with further declines expected in 2025. Now may be the last chance to secure higher rates, balancing safety, liquidity, and better returns than traditional savings accounts.

Jane Street Group LLC achieved a record $20.5 billion in net trading revenue in 2024, surpassing Bank of America and Citigroup. The firm, which expanded into ETFs, stocks, and bonds, expects Q1 2025 revenue to reach $7.1-7.2 billion, a 60% increase. It sold $1.35 billion in bonds to fuel growth, with significant market shares in equities and ETFs.

Travel insurance can cover Type 2 diabetes emergencies if declared and pre-existing conditions are included. Home insurance often excludes business equipment, requiring riders for coverage. Proactive communication with insurers and proper documentation are crucial for both scenarios to ensure financial protection and smooth claims.