Author: Market News Desk

iCapital has acquired Citi Global Alternatives, strengthening its partnership with Citi Wealth to enhance the alternative investment platform. This acquisition aims to streamline operations and provide enhanced capabilities for Citi Wealth’s global alternative investment funds. In a significant move to expand its partnership with Citi Wealth, iCapital has announced the acquisition of Citi Global Alternatives, an indirect subsidiary of Citi. This strategic acquisition will bolster iCapital’s capabilities in managing Citi Wealth’s global alternative investment platform, which includes a diverse range of over 180 funds covering asset classes such as private equity, growth equity, private credit, infrastructure, venture capital, real estate,…

Shares of Nu Holdings Ltd., widely known as Nubank, experienced a decline after the company reported its first-quarter earnings for 2025. Despite impressive growth in revenue and net income, lower-than-expected gross profits led to a slide in the company’s stock. Nubank, one of the largest digital banks globally, saw its shares slide after reporting its earnings for the first quarter of 2025. Despite significant growth in revenue and net income, gross profits fell short of expectations due to higher credit loss allowances and increased interest expenses. For the quarter ending March 31, Nubank posted revenue of $3.2 billion, exceeding the…

Tata Motors Ltd, headquartered in Maharashtra, India, reported an 11% decline in its net profit for FY25 due to margin pressures at its UK-based luxury car unit Jaguar Land Rover (JLR). JLR’s profitability was hit by increased discounts and international trade uncertainties. Tata Motors Ltd, India’s largest passenger vehicle manufacturer, reported an 11% drop in net profit for the financial year 2024-25. The decline was driven by margin pressure at its UK-based subsidiary, Jaguar Land Rover (JLR), which accounts for nearly 69% of the group’s total revenue. Tata Motors, part of the Tata Group and based in Maharashtra, is a…

Greaves Electric Mobility, an electric vehicle subsidiary of Greaves Cotton based in Maharashtra, India, has received regulatory approval from SEBI on May 13, 2025, for its upcoming IPO. The company plans to raise over ₹1,000 crore through a combination of fresh issue and Offer for Sale (OFS), aiming to strengthen its market position in the EV sector and support business expansion. Greaves Electric Mobility, a leading electric vehicle (EV) manufacturer in India and a wholly-owned subsidiary of Greaves Cotton Limited, has received the go-ahead from the Securities and Exchange Board of India (SEBI) to launch its Initial Public Offering (IPO).…

Citi Research has reiterated a ‘buy’ rating on Reliance Industries Limited (RIL), headquartered in Mumbai, Maharashtra, forecasting a 12% upside with a target price of ₹1,585. The global brokerage cited six growth drivers across RIL’s businesses—oil-to-chemicals, retail, telecom, and more—as the key catalysts behind its bullish view. Citi Research reaffirmed its optimistic outlook on Reliance Industries Limited (RIL), India’s most valuable company headquartered in Mumbai, Maharashtra. Citi set a target price of ₹1,585, predicting a 12% potential upside from current market levels. The brokerage outlined six major growth drivers likely to support the stock’s upward movement in the near term.…

The Integrity Infrabuild Developers IPO, open for subscription until May 15, 2025, has gained a strong response with a 79% subscription rate on Day 2. The company, based in Gujarat, is a leading Class-A civil contractor with contracts totaling ₹20,598 lakhs. Investors have shown significant interest, particularly in the retail and NII portions. The Integrity Infrabuild Developers IPO, a major infrastructure project launched by the Gujarat-based construction firm, has garnered a strong response from investors on May 14, 2025. The IPO is priced at ₹100 per share with a face value of ₹10, and it will remain open for subscription…

Adani Group stocks, including Adani Enterprises, Adani Green Energy, and Adani Ports, gained up to 2% on May 14, driven by optimism around the US-China trade deal and strong quarterly results. Adani Group stocks saw a notable rise on May 14, with some shares climbing as much as 2%, fueled by strong market sentiment and optimism surrounding the US-China trade deal. The positive momentum was further bolstered by strong quarterly results reported by the group’s companies. Adani Enterprises led the gains, with its share price climbing 2% to ₹2,481 apiece. The stock extended its winning streak for the third consecutive…

Chinese defence stocks, including China Aerospace and AVIC Aircraft, experienced declines following easing geopolitical tensions between India and Pakistan. PM Modi’s statements regarding India’s defence systems contributed to the drop in stock prices. Chinese defence stocks saw a sharp decline on Wednesday, following a recent ceasefire agreement between India and Pakistan, which eased concerns over further escalation in the region. The Hang Seng China A Aerospace & Defence Index, which tracks Chinese aerospace and defence stocks, recorded a 1.3% drop, marking its second consecutive session of losses. Key companies such as China Aerospace Times Electronics Co. Ltd. (Long March Launch…

Japan-based automobile giant Nissan announced on May 13, 2025, that it will cut an additional 11,000 jobs globally and shut down seven manufacturing plants in response to falling global demand, especially in China and the US. This move raises the total layoffs to 20,000 over the past year. Japanese automobile manufacturer Nissan Motor Co., headquartered in Yokohama, Kanagawa Prefecture, announced significant restructuring plans, including cutting 11,000 more jobs globally and shutting seven factories, as it battles declining sales in its largest markets, China and the United States. The decision follows a difficult year for the company, now under the leadership…

SoftBank Group Japan reported a $3.5 billion net profit in Q4 FY25, aided by global investments. However, markdowns in India-based companies like Swiggy and Ola impacted its Vision Fund 2, which posted a $3.4 billion loss. SoftBank Group Corp., a Japanese multinational conglomerate known for its investments in technology, energy, and finance through its Vision Funds, posted a net profit of $3.5 billion (¥546 billion) for the January–March quarter of FY25. The sharp rebound follows a loss in the previous quarter, primarily fueled by gains from global tech giants including Alibaba, T-Mobile, and Deutsche Telekom. For the full fiscal year…