Target shares jumped 5% after second-quarter sales rose 5.3%, comparable sales increased 3.8% and traffic climbed 3.6%. Digital sales grew 8.7%, while EPS doubled to $4.11, boosted by tariff refunds, with underlying earnings still rising 20%.
Marvell shares surged 8% after securing a Google agreement to develop custom AI chips and related technologies. Google received a warrant for up to 58.97 million shares worth about $12.18 billion, strengthening Marvell’s position in AI infrastructure.
Moderna shares surged after its personalized mRNA cancer vaccine trial showed positive results. The treatment, combined with Keytruda, reduced melanoma recurrence and spread significantly. This marks the first successful late-stage trial for an mRNA cancer vaccine. The findings offer hope for future growth beyond COVID-19 vaccines. Discussions with regulators are expected within the next few months.
Indian Bank raised $400 million through a four-year overseas funding programme via its GIFT City branch, joining Indian lenders tapping global debt markets. Banks are accelerating dollar bond issuances following regulatory changes to the concessional swap window for FCNR deposits. Axis, ICICI, Federal, IDFC First, Kotak Mahindra and Yes Bank are also active.
IDFC FIRST Bank raised $500 million through its maiden international bond issuance, marking its entry into global debt markets. The three-year senior notes, due in 2029, carry a 5.625% coupon and attracted major investors including BlackRock, Capital Group and AllianceBernstein. The fundraising diversifies the bank’s funding base and supports its long-term growth ambitions.
Behari Lal Engineering shares surged 14% after making a strong market debut, listing at a 63% premium to the IPO price. Brokerages remain positive, citing strong investor appetite and reasonable valuations, though they advise investors to book partial profits after the sharp listing gains. Here’s what SBI Securities and Swastika Investmart recommend on the stock.
Sebi will soon issue guidelines for responsible AI and machine learning use in India’s securities market, with mandatory safeguards including a “kill switchâ€, human oversight and data controls. Chairman Tuhin Kanta Pandey said the framework will balance innovation with investor protection as AI adoption expands across surveillance, risk assessment, fraud detection and investor servicing, while ensuring accountability among regulated entities.
McDonald’s is one dividend increase away from becoming a Dividend King after 49 consecutive years of dividend growth. Its franchise-driven model, global reach and consistent cash generation support shareholder returns. While the milestone strengthens its appeal to income investors, future performance will depend on earnings growth, valuation, consumer demand and continued business momentum.
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