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Why IBM shares crashed 26%: CEO highlights customer spending shifts towards AI
IBM’s second-quarter results missed expectations, impacted by customer spending shifts, triggering one of the worst crashes in its stock. CEO Arvind Krishna said clients prioritized
JPMorgan posts record profit on big gains from dealmaking, stock trading
In a remarkable feat, JPMorgan Chase announced its record profits for the second quarter, driven by impressive growth in investment banking and trading revenues. This
Sebi exempts Juhi Chawla-owned Mehta Family Trust from Saurashtra Cement open offer
The Securities and Exchange Board of India (Sebi) has granted the Mehta Family Trust relief from the open offer requirement linked to their indirect acquisition
Rs 1,839 crore Biocon block deal: ICICI Pru MF biggest buyer along with Citi and Goldman Sachs
Mylan sold a ₹1,839 crore stake in Biocon through a block deal, attracting strong institutional demand. ICICI Prudential Mutual Fund emerged as the largest buyer,
RBI proposes easing rules for mutual funds, insurers to acquire higher stake in banks
The RBI has proposed one-time approval for mutual funds, insurers and pension funds to increase bank shareholding up to 10% without repeated regulatory clearance. The
Buffett to offload Berkshire stake in 8 years, Gates snubbed
Warren Buffett plans to donate his entire Berkshire Hathaway stake within eight years. He hopes his children will complete the share disposal by December 31,
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