4h ago
NSE’s new closing auction debut stirs confusion after Nifty jumps 0.8% into the close
India’s National Stock Exchange (NSE) rolled out a new closing auction to replace the previous 30-minute volume-weighted average price (VWAP) method for setting official closes. The Nifty ended at 24,774.30, up 390.70 points (1.60%), after a 0.8% late surge at around 3:28 PM, while the Sensex closed at 78,639.03, up 544.39 points (0.70%). The 90-basis-point gap between the indices was far wider than the usual 5–10 basis points, pointing to immediate disruption in index pricing and derivatives settlement.
4h ago
4h ago
JSW Infrastructure lifts Q1FY27 cargo to 31 million tonnes as FIIs and DIIs raise stakes to 11.21% and 9.19%
JSW Infrastructure, an Indian infrastructure stock, handled 31 million tonnes of cargo in Q1FY27, up a little less than 6% year on year. Over the same quarter, institutional ownership rose, with FIIs increasing their holding to 11.21% and DIIs to 9.19%. The company reported a ROCE of 13.7%, close to the industry median of 13.9%, and said it operates 186 million tonnes per annum of capacity across ports on India’s east and west coasts.
4h ago
4h ago
ANZ raises mortgage and term deposit rates, citing “global uncertainty”
ANZ, New Zealand’s largest bank, raised a range of retail interest rates, lifting its six-month term deposit rate to 3.55% and increasing its 18-month and two-year rates by 30 basis points to 4.2% and 4.3%. The bank also increased fixed mortgage rates by 10 to 26 basis points across terms from six months to three years. ANZ attributed the move to “global uncertainty,” pointing to persistently tight local monetary policy.
4h ago
4h ago
RateGain’s Sojern integration adds 320 data partners and 1.5 billion travel graph IDs as Q4 margin rises to 23.5%
RateGain said it has advanced the integration of Sojern, adding 320 data partners and 1.5 billion travel graph IDs to its platform. The company reported Q4 gross margin of 23.5%, with annualised cost synergies reaching USD 15 million, above its earlier guidance. Customers using its Agentic ARI product reported a 30% to 40% improvement in ARI traffic optimisation.
4h ago
4h ago
Grab raises 2026 revenue forecast to US$4.10 billion–US$4.15 billion and launches US$750 million buyback
Grab lifted its 2026 revenue outlook to US$4.10 billion–US$4.15 billion and announced a US$750 million share buyback programme. Second-quarter GMV rose 21% year on year to US$6.5 billion, supported by growth in active users. The company said it spent US$706 million on customer and driver incentives during the quarter, including more than US$7 million to support driver earnings amid the fuel crisis. Shares of Nasdaq-listed GRAB rose 3% in after-hours trading.
4h ago
5h ago
BurgerBurger enters liquidation with $2.75m net liabilities as buyer search continues
BurgerBurger Limited has entered liquidation with total assets of $2.98 million and total liabilities of $5.74m. Several items in its asset schedule are misstated or no longer valid, including a historic York Street Mechanics investment that no longer exists and Alo Hospitality shares that were realised before administrators were appointed. About $241,000 held in the company’s lawyers’ trust account at the date administrators were appointed was recovered during the administration. The case concerns a private hospitality business and does not involve publicly traded traditional financial assets.
5h ago
5h ago
TKO says UFC White House event in June ended with about a $30 million loss
The UFC’s June 2026 White House card ended with an approximate $30 million loss after the promotion covered the costs and did not sell tickets. Initial costs were expected to climb past $60 million, but sponsorships and other partnerships reduced the bill. The loss weighed on margins at UFC and across parent company TKO, though it did not prevent a strong second quarter: UFC revenue rose 29% year over year to $535.7 million, including a $64.7 million lift in media rights tied mainly to a new Paramount broadcast deal that began in January.
5h ago