TSMC’s sales grow slowest since October even as AI buildout persists

TSMC’s April revenue rose 17.5% to NT410.7 billion, its slowest growth since October, but the chipmaker remains bullish, raising full year guidance and capex toward 56 billion

TSMC’s April revenue rose 17.5% to NT410.7 billion, its slowest growth since October, but the chipmaker remains bullish, raising full year guidance and capex toward 56 billion

Sonata’s AI-led pipeline has surged to $335 million, with approximately $13.7 million in AI-specific wins already recorded. Cloud and Data services business is now accounting for 65% of total revenue in FY26, up from 52% in FY24.

Over the medium term, HSBC expects scaling up distribution of other financial products to further strengthen the company’s earnings outlook.

Britannia shares worth ₹400 crore have already changed hands in the first hour of the trading session with over 43% of the total shares traded so far being marked for delivery.

Ed Clissold, Chief US Strategist at Ned Davis Research says strong earnings and steady consumer spending have helped support the resilience of US equities, but warns that pressure could build if higher fuel costs begin hurting households.

L&T Onshore will deliver an ammonia synthesis unit designed for sustained operations, high-on-stream factors, and stringent safety standards, aligned with evolving industry benchmarks, it said.

Piramal Finance plans up to $1 billion in foreign loans to fuel retail credit growth in India, targeting diversified funding despite rupee weakness.

Indian rupee slips to 94.58 against US dollar as renewed US Iran tensions lift crude oil prices, with traders watching RBI steps and oil driven dollar demand.

Jio BlackRock Mutual Fund gets IFSCA nod to start GIFT City operations, eyes global access for Indian and foreign investors, plans commodity ETFs in gold and silver soon

Tata Trusts postpones key meeting to May 16, was to consider a nomination to the Tata Sons board and discuss vice-chairmen comments on a potential Tata Sons listing