Alibaba and Tencent miss revenue estimates but see US shares rise as they boost heavy AI investment, with Alibaba targeting tripled AI revenue and planning a T-Head chip unit listing
Brent crude was below $106 a barrel after declining 2% in the earlier session. West Texas Intermediate was close to $101 a barrel.
Zydus Lifesciences will acquire Assertio Holdings for $23.5 per share in cash, valuing the transaction at $166.4 million. Assertio is a US-based specialty pharmaceutical company with a focus on oncology and pain management.
Buyers in the stock market completely put behind the hotter-than-expected wholesale inflation print, which followed a hotter-than-expected retail inflation print too.
Swiggy said proposed board changes are part of a larger plan to qualify as an Indian-owned and controlled company under foreign exchange rules.
SEBI has ordered former Religare chairperson Rashmi Saluja to return ₹1.99 crore and pay a penalty over alleged insider trading violations.
Balaji Amines Q4 net profit rose 57.8% to ₹63.2 crore, revenue up 11.9%. Shares of Balaji Amines ended higher on Wednesday, May 13, by 1.61% at ₹1,361.00 on the NSE.
Nvidia crossed a historic $5.5 trillion valuation as booming global demand for AI chips pushed its shares to fresh record highs.
Shares of Redington Ltd ended at ₹211.15, up by ₹0.50, or 0.24%, on the BSE.
Bharti Airtel has reappointed its founder Sunil Bharti Mittal as the chairman of the board for five years till September 30, 2031, a company filing said on Wednesday.