Japanese and South Korean equity indexes traded in a tight range, while those in Australia declined. Futures pointed to gain in Hong Kong and an advance in US benchmarks after a holiday on Monday.
Titan Co is in discussions with Qatar's Mannai Corp to acquire a stake in Damas Jewellery, estimated at 4,500 crore. The acquisition would boost Titans presence in the GCC region. Previous talks failed due to valuation disputes, but renewed negotiations indicate strong interest from Titan.
After an uptick during the first month since its public listing on November 13 2024 where it gained 58% from the offer price of 390, the stock has gradually sunk below this threshold. In 2025 so far, it has lost 37%. The stock may remain under pressure in the short term given rising fixed costs and drag on contribution margin due to the fast pace of store additions.
Since September 27, the Nifty Smallcap 250 and Microcap 250 indices have plunged 21.4% and 20.2%, respectively, while the Nifty Midcap Index has slumped 17.7% in the same period.
European governments are poised to further scale up their plans for defence spending in the coming years, which should benefit the equity prices of European defence companies
DMart founder Radhakishan Damani has seen value of his holdings shrink by 64,000 crore, or 28%, since October 1, falling from 2.31 lakh crore to 1.67 lakh crore, according to primeinfobase.com data.
Mexico said Monday its awaiting a new response from Google to its request that the tech company fully restore the name Gulf of Mexico to its Google Maps service before filing a lawsuit.
The Trump administration has begun firing several hundred Federal Aviation Administration employees, upending staff on a busy air travel weekend and just weeks after a January fatal mid-air collision at Ronald Reagan Washington National Airport.
