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Nike shares fell by about 6% in premarket trading after the company withdrew its annual revenue target, creating uncertainty over its turnaround strategy under new CEO Elliott Hill. Investors remain concerned as the company delayed its investor day, with no definite timeline for recovery provided.
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News and Media
IIFL Home Finance plans its first retail fundraise in three years to diversify its liabilities. Filing a draft prospectus to raise up to Rs 3,000 crore, it aims for an initial fundraise of Rs 300-500 crore this quarter. The strategy follows RBI's move to limit NBFCs' bank borrowing, impacting their usual funding sources.
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News and Media
In Tehran, some celebrated Iran's missile attack on Israel, highlighting the ongoing conflict in the Middle East. Concerns are rising about potential retaliation from Israel and the U.S. The Iranian leadership, including Supreme Leader Khamenei, is responding to the death of Hezbollah's Nasrallah and other setbacks in the region.
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News and Media
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