&w=3840&q=100)
Stock Market LIVE: GIFT Nifty rises; Asia up on tariff relief hopes; HDB Fin, Indogulf IPOs eyed
Sensex Today | Stock Market LIVE on Friday, June 27, 2025: Around 6:35 AM, GIFT Nifty futures were trading 112 points higher at 25,727, indicating a gap-up start.
7:11 AM
Stock Market LIVE Updates: French fries maker Hyfun Foods may expedite its IPO plans to fund growth
Stock Market LIVE Updates: Hyfun Foods, one of India's largest French fries makers in the organised sector, and a leading supplier to global giants such as KFC, McDonald's and Burger King, may fast-track its initial public offering (IPO) plans to fund its expansion plans, said S. Soundararadjane, CEO of HyFarm — the agribusiness arm of Hyfun Foods.
'The IPO plans are still at a discussion stage, but we do plan to reach there in the next 2–3 years,' Soundararadjane told Business Standard.
Sources said the company is also under discussions with multiple PE funds to drive its growth plans. READ MORE
7:04 AM
Stock Market LIVE Updates: Mutual fund schemes renamed to align with the Sebi category norms
Stock Market LIVE Updates: With the June-end deadline fast approaching, most fund houses have renamed their schemes to align them with the respective category. For instance, 'Bluechip Funds' of Axis, ICICI Prudential, and Canara Robeco have recently been renamed as Largecap Funds.
The changes have come on the direction of the Securities and Exchange Board of India (Sebi). In a communication dated March 27, the regulator asked fund houses to align the names of their schemes with the category to bring uniformity in the nomenclature of equity-oriented schemes. READ MORE
7:04 AM
Stock Market LIVE Updates: Jefferson Capital valued at $1.2 billion after strong Nasdaq debut
Stock Market LIVE Updates: Private equity-backed Jefferson Capital has secured a valuation of $1.2 billion after its shares rose 26.7 per cent in their Nasdaq debut on Thursday, signaling a steady recovery in investor appetite for listings with strong fundamentals.
The consumer debt collector's shares opened at $19 apiece, above its offer price of $15 per share. The Minneapolis, Minnesota-based company and some existing investors raised $150 million by selling 10 million shares in the IPO.
The US IPO market has recovered in recent weeks after President Donald Trump's shifting trade policies rattled investors and froze new listings earlier this year.
The rebound is likely to be selective, led by high-quality and long-anticipated issuers, IPOX research associate Lukas Muehlbauer said.
Jefferson's total revenue jumped 34.1 per cent to $433.3 million in 2024 compared with the previous year, continuing a steady trajectory since 2019. READ MORE
7:02 AM
Stock Market LIVE Updates: Fintech firm Pine Labs, in its draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (Sebi), plans to raise ₹2,600 crore through a fresh issue and an offer for sale (OFS) of up to 147.82 million shares.
Pine Labs may consider a pre-IPO placement of up to ₹520 crore.
Investors such as Peak XV Partners, Actis, Macritchie, PayPal, Mastercard, AIM Investment Funds, and Madison India Opportunities IV, among others, are expected to partially exit through the OFS.
7:01 AM
Stock Market LIVE Updates: Strong mkt leadership, robust demand should help IndiGo stock gain altitude
Stock Market LIVE Updates: India's civil aviation sector has strong growth trends in the medium to long term, but geopolitics has had a short-term impact on international travel. Many flights were cancelled during the Iran-Israel conflict and there are fears of crude supply disruptions, causing price volatility to a key input. In addition, the crash at Ahmedabad has led to Boeing 787 fleets being grounded, causing further flight disruptions and it has also led to Air India being badly hit due to 787 exposures. READ MORE
7:00 AM
Stock Market LIVE Updates: S&P 500, Nasdaq near record highs as interest rate-cut bets creep up
Stock Market LIVE Updates: The S&P 500 and Nasdaq were on track to open near record levels on Thursday as robust earnings from memory-chip maker Micron fueled optimism around artificial intelligence while investors assessed a slew of economic data.
The benchmark S&P 500 and tech-led Nasdaq were about 1 per cent below their all-time peaks at Wednesday's close, following a truce in the Middle East conflict.
The Nasdaq 100 - a subset of the Nasdaq composite index - closed at a record high in the previous session. READ MORE
6:59 AM
Stock Market LIVE Updates: Sebi extends portfolio rebalancing timelines to all passive breaches in MFs
Stock Market LIVE Updates: Market regulator Sebi on Thursday said that timelines for portfolio rebalancing in mutual fund schemes will now be applicable to all types of passive breaches across actively managed schemes, which was earlier limited to only asset allocation.
A passive breach refers to unintended deviations from the mandated asset allocation or regulatory limits that do not arise from the direct actions or omissions of asset management companies (AMCs).
Passive breaches generally do not happen due to the omission and commission of Asset Management Companies (AMCs). The mandated rebalancing period for all mutual fund schemes, except Index Funds and Exchange Traded Funds (ETFs), is 30 business days. READ MORE
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
33 minutes ago
- Time of India
After announcing layoff plans, Intel may be asking this top strategy executive to exit
Intel's top strategy executive, Safroadu Yeboah-Amankwah , is reportedly departing the company. This marks the latest leadership change since Lip-Bu Tan assumed leadership of the US-based chipmaker in March. This exit follows Intel's recent announcement of layoff plans. According to a report by the news agency Reuters, Yeboah-Amankwah, who has served as Intel's chief strategy officer since 2020, will leave on June 30. The publication cited two individuals familiar with the matter who spoke anonymously to report this development. His responsibilities included overseeing growth initiatives, strategic partnerships, and equity investments for Intel. 'We are grateful for Saf's contributions to Intel and wish him the best,' the company said in a statement to Reuters. As per the Reuters report, some of Yeboah-Amankwah's strategic functions will now be handled by Sachin Katti, who was recently promoted to chief technology and AI officer at Intel. Moreover, Intel Capital, the company's venture arm, will now report directly to Lip-Bu Tan, two sources have confirmed to Reuters on the matter. Intel layoffs to start in the coming weeks Last week, Intel reportedly announced the dates for upcoming job cuts, confirming that layoffs would begin on July 15. According to a report by CRN, the company is starting the layoffs with 107 workers connected to its headquarters in Santa Clara, California. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo The move was part of a broader cost-cutting and restructuring initiative introduced by CEO Lip-Bu Tan in April this year to help improve the company's performance. As per the report, Intel filed a notice under California's Worker Adjustment and Retraining Notification (WARN) Act. The company stated in the filing that affected employees would either receive a 60-day notice or a four-week notice accompanied by nine weeks of pay and benefits. In a statement to the publication, an Intel spokesperson said: 'As we announced earlier this year, we are taking steps to become a leaner, faster and more efficient company. Removing organisational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution.'
Time of India
34 minutes ago
- Time of India
Asian markets show optimism: Stocks steady as US-Canada trade talks progress; eye on US jobs data due this week
AI-generated image Asian equity markets showed strength on Monday, buoyed by optimism over US-Canada trade negotiations and sustained demand in the global technology sector. However, gains were tempered by concerns around upcoming US employment data, which weighed on the dollar. Japan's Nikkei led the region with a 1.6 per cent gain, supported by strong performances in tech and export-oriented stocks. South Korea's benchmark index also rose 0.8 per cent, following a positive lead from Wall Street. Chinese markets were mixed. The blue-chip CSI300 index edged up 0.2 per cent, helped by improved June data in manufacturing and services, while broader Asian sentiment remained cautious. The MSCI Asia-Pacific ex-Japan index dipped 0.2 per cent. The market gains came amid encouraging signals from North America, where Canada on Sunday agreed to drop its proposed digital services tax in a bid to move forward trade negotiations with the US. Talks, originally slated to wrap up by July 9 under President Donald Trump 's directive, have now been extended to July 21, with a potential finalisation by Labor Day (September 1). This is a significant turning point as Trump had announced suspension of trade talkswith Canada just days ago. Read more: US-Canada trade talks resume as PM Carney revokes tax on US tech firms Tech stocks continued to drive momentum globally, with Nasdaq futures up 0.4 per cent and S&P 500 e-minis rising 0.3 per cent. Heavyweights such as Nvidia, Alphabet, and Amazon remained in focus. Still, investor attention remains fixed on key US macroeconomic data and fiscal policy developments. A Senate vote on major tax and spending legislation remains uncertain ahead of Trump's July 4 deadline. The Congressional Budget Office's projection of a $3.3 trillion increase in national debt is also dampening global appetite for US Treasuries. The US jobs report- due early this week due to Friday's holiday- forecasts 110,000 new jobs in June, with unemployment possibly ticking up to 4.3 per cent. A weaker labour market could increase expectations of Federal Reserve rate cuts later this year, currently pricing in a cumulative 63 basis points reduction. The dollar slipped to 97.146 on the dollar index, with the euro climbing to $1.1727, its highest since September 2021. Sterling also hovered near multi-year highs at $1.3722. James Reilly of Capital Economics noted the greenback's recent slide marked its sharpest sustained decline since the move to free-floating exchange rates in 1973. Meanwhile, gold traded at $3,279 an ounce- below its April peak- and oil prices continued to drop, with Brent crude at $67.50 and US crude at $65.09 amid ongoing concerns over OPEC+ supply levels. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
The Hindu
34 minutes ago
- The Hindu
Meta spending big on AI talent but will it pay off?
Mark Zuckerberg and Meta are spending billions of dollars for top talent to make up ground in the generative artificial intelligence race, sparking doubt about the wisdom of the spree. OpenAI boss Sam Altman recently lamented that Meta has offered $100 million bonuses to engineers who jump to Zuckerberg's ship, where hefty salaries await. A few OpenAI employees have reportedly taken Meta up on the offer, joining Scale AI founder and former chief executive Alexandr Wang at the Menlo Park-based tech titan. Meta paid more than $14 billion for a 49 percent stake in Scale AI in mid-June, bringing Wang on board as part of the deal. Scale AI labels data to better train AI models for businesses, governments and labs. "Meta has finalized our strategic partnership and investment in Scale AI," a Meta spokesperson told AFP. "As part of this, we will deepen the work we do together producing data for AI models and Alexandr Wang will join Meta to work on our superintelligence efforts." U.S. media outlets have reported that Meta's recruitment effort has also targeted OpenAI co-founder Ilya Sutskever; Google rival Perplexity AI, and hot AI video startup Runway. Meta chief Zuckerberg is reported to have sounded the charge himself due to worries Meta is lagging rivals in the generative AI race. The latest version of Meta AI model Llama finished behind its heavyweight rivals in code writing rankings at an LM Arena platform that lets users evaluate the technology. Meta is integrating recruits into a new team dedicated to developing "superintelligence," or AI that outperforms people when it comes to thinking and understanding. Tech blogger Zvi Moshowitz felt Zuckerberg had to do something about the situation, expecting Meta to succeed in attracting hot talent but questioning how well it will pay off. "There are some extreme downsides to going pure mercenary... and being a company with products no one wants to work on," Moshowitz told AFP. "I don't expect it to work, but I suppose Llama will suck less." While Meta's share price is nearing a new high with the overall value of the company approaching $2 trillion, some investors have started to worry. Institutional investors are concerned about how well Meta is managing its cash flow and reserves, according to Baird strategist Ted Mortonson. "Right now, there are no checks and balances" with Zuckerberg free to do as he wishes running Meta, Mortonson noted. The potential for Meta to cash in by using AI to rev its lucrative online advertising machine has strong appeal but "people have a real big concern about spending," said Mortonson. Meta executives have laid out a vision of using AI to streamline the ad process from easy creation to smarter targeting, bypassing creative agencies and providing a turnkey solution to brands. AI talent hires are a long-term investment unlikely to impact Meta's profitability in the immediate future, according to CFRA analyst Angelo Zino. "But still, you need those people on board now and to invest aggressively to be ready for that phase" of generative AI, Zino said. According to The New York Times, Zuckerberg is considering shifting away from Meta's Llama, perhaps even using competing AI models instead. Penn State University professor Mehmet Canayaz sees potential for Meta to succeed with AI agents tailored to specific tasks at its platform, not requiring the best large language model. "Even firms without the most advanced LLMs, like Meta, can succeed as long as their models perform well within their specific market segment," Canayaz said.
