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Asia markets rise on US-Iran deal optimism as AI-tech stocks surge
Asian stocks and global shares rose on hopes of a US Iran peace deal, led by tech and chipmakers like Micron and SK Hynix, as bond yields and the dollar slipped
Micron is Wall Street's latest 'trillion-dollar' baby after UBS sees over 100% upside
Micron is also benefitting from the next stage of the AI chapter as investors are now betting on companies useful in building out this critical infrastructure, rather than those running the theme itself. The demand has triggered a global memory chip shortage, which players like Micron are struggling to fill.
Dollar climbs as US strikes on Iran dent ceasefire optimism
GLOBAL-FOREX:Dollar climbs as US strikes on Iran dent ceasefire optimism
Phoenix Asia Towers reflects the next phase of Bengaluru’s GCC growth story
Bengaluru's office market is shifting north. Global capability centres now seek integrated workplaces with better connectivity and employee experience. North Bengaluru offers this with new infrastructure and large-scale developments. Phoenix Asia Towers exemplifies this trend, providing a mixed-use environment with retail and lifestyle amenities. This development caters to evolving enterprise needs for scalability and employee well-being.
Sterlite Technologies shares rise 5% after subsidiary bags $1.1 billion hyperscaler AI contract
Sterlite Technologies shares rose nearly 5% after its subsidiary secured a multi-year optical connectivity supply agreement worth an estimated $1.11 billion from a global hyperscaler for AI-ready data centre projects in the US. The deal, spanning FY27–FY29, strengthens STL’s position in the growing AI infrastructure space and supports hyperscale data centre deployments with advanced networking solutions.
Rupee opens 35 paise higher at 95.34 against US dollar
The Indian rupee rose 35 paise to 95.34 against the US dollar, aided by improved risk sentiment and RBI's intervention. RBI Governor Malhotra emphasized support for the currency, while easing global tensions and falling crude prices also contributed to the rupee's recovery from recent lows.
Who was Toshifumi Suzuki? All about the founder of Japan’s iconic Seven‑Eleven stores who died at 93
Toshifumi Suzuki, the former chairman of Seven & i Holdings and founder of Seven-Eleven Japan, has died at 93. Credited with transforming Japan’s retail industry, Suzuki introduced the convenience store franchise model in 1973 and helped build Seven-Eleven into a global retail giant.
Dollar slumps as signs of deal to reopen Hormuz spur risk appetite
GLOBAL-FOREX/:FOREX-Dollar slumps as signs of deal to reopen Hormuz spur risk appetite
Stocks rise, oil and dollar slide on Middle East peace hopes
GLOBAL-MARKETS/ (WRAPUP 1):GL
Retail fuel price hike 'inevitable' if global oil pressures persist: BPCL's Director HR
Bharat Petroleum Corporation Ltd. Director HR Bharat Petroleum Corporation Ltd. Raj Kumar Dubey said another fuel price hike may become unavoidable if global energy disruptions persist, as policymakers weigh three options — raising retail fuel prices, oil companies absorbing losses, or government support through deficit financing.
Gokaldas Exports posts 9% sequential rise in Q4 revenue
Gokaldas Exports posted strong sequential profit and revenue growth in the March quarter despite global trade disruptions and US tariff pressures. Improved productivity, tighter cost controls and recovery in Africa operations supported performance, while India business remained resilient amid declining apparel exports.
Dollar near six-week high amid Iran war jitters
GLOBAL-FOREX/ (UPDATE 5):FOREX-Dollar near six-week high amid Iran war jitters