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Finance
Stories and analysis from The Business Now newsroom.
Economy
Eimco Elecon Q1 Results: Net Profit Rises 6.2% YoY to ₹154 Million, Revenue Sees Healthy Growth
Eimco Elecon Reports Strong Q1 FY27 Earnings Eimco Elecon (India) Ltd. has announced its Q1 FY27 financial results, reporting a standalone net profit of ₹154 million, compared to ₹145 million during the same quarter last year. The latest earnings represent a year-on-year (YoY) growth of approximately 6.2%, reflecting steady operational performance despite challenging market conditions....
Economy
Tesla’s Next Big Bet? SpaceX Merger Speculation, Robotaxi Expansion, and Why Wall Street Is Watching Closely
Tesla Dominates Headlines with SpaceX Merger Buzz and Robotaxi Expansion Tesla is back at the center of Wall Street’s attention after a series of major developments involving SpaceX merger speculation, the expansion of its Robotaxi service to Miami, and fresh analyst optimism about the company’s long-term artificial intelligence strategy. Investors are increasingly debating whether Tesla’s...
Economy
U.S. Launches Fresh Wave of Airstrikes on Iran as Middle East Crisis Escalates
The United States has reportedly launched another wave of military strikes against Iran, marking a significant escalation in the rapidly expanding conflict that has gripped the Middle East over the past several weeks. According to multiple reports, including Axios and Reuters, U.S. forces targeted additional Iranian military assets in an effort to further weaken Tehran’s...
Finance
Minutes of the Federal Open Market Committee: Markets Await Key Signals on Interest Rates and Inflation
Investors Focus on FOMC Minutes for Clues About the Federal Reserve’s Next Move Global financial markets are closely watching the release of the Minutes of the Federal Open Market Committee (FOMC), one of the most important economic documents published by the U.S. Federal Reserve. The minutes provide a detailed account of policymakers’ discussions during their...
Finance
Federal Reserve Faces Transparency Questions as J.P. Morgan Warns of “Diminished Communications” Risk
J.P. Morgan Raises Concerns Over Federal Reserve’s Communication Strategy J.P. Morgan has warned that changes in the Federal Reserve’s communication approach could make financial markets more volatile and reduce transparency for investors. The concern comes ahead of the release of the June Federal Open Market Committee (FOMC) meeting minutes, which analysts believe could provide the...
Finance
FII & DII Turn Aggressive Buyers: ₹2,752.96 Crore Net Inflow Signals Bullish Trend for Indian Stock Market
FII and DII Buying Sparks Optimism on Dalal Street Indian equity markets received a major boost as both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) emerged as strong buyers in the latest trading session. According to the latest market data, FIIs purchased equities worth ₹1,962.80 crore, while DIIs added another ₹790.16 crore, taking...
Crypto
Bitcoin Drops Below $63K After Trump-Iran Tensions Shake Global Markets
Bitcoin came under renewed selling pressure after geopolitical tensions escalated following remarks by U.S. President Donald Trump regarding Iran, sending shockwaves through global financial markets. The world’s largest cryptocurrency briefly fell below the $63,000 mark as investors reduced exposure to riskier assets amid growing uncertainty. The decline was not limited to Bitcoin. Major cryptocurrencies, including...
Business
Apple and Broadcom Extend Multi-Billion Dollar Chip Partnership Through 2031: $30 Billion Deal to Boost U.S. Manufacturing
Apple Strengthens U.S. Chip Supply with Historic Broadcom Partnership Apple has announced a major long-term agreement with semiconductor giant Broadcom, extending their strategic chip supply partnership through 2031 in a deal expected to exceed $30 billion. The agreement marks one of Apple’s largest commitments to U.S.-based semiconductor manufacturing and reinforces its strategy of securing critical...
Business
Global Stock Market Crash Today: Asian Markets Sink as Sensex, Nifty, Nikkei and Shanghai Extend Worldwide Sell-Off
Global financial markets witnessed a broad-based sell-off on Wednesday as investors reacted to rising economic uncertainty, geopolitical tensions, and cautious expectations surrounding central bank policies. Major Asian benchmark indices closed sharply lower, adding to concerns that volatility may continue across global equity markets. Investors worldwide shifted toward safer assets as risk appetite weakened. India’s benchmark...