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Adobe Inc. gave a disappointing forecast for revenue growth in the current quarter despite a recent focus on monetizing its new generative artificial intelligence features. Sales in the period ending in May will be $5.77 billion to $5.82 billion, the company said in a statement Wednesday. Analysts, on average, projected $5.8 billion. Excluding certain items, profit will be $4.95 per share to $5 per share, while the average projection is $5. Adobe, a top maker of software for creative professionals, is incorporating its AI model, Firefly, into apps such as Photoshop and Premiere. Investors have debated whether generative AI will make the products more attractive and indispensable or fuel the rise of AI-native competitors. During the quarter, Adobe announced it would charge about 50 c...

Shares of telecom operator Bharti Airtel rose 3 percent in the early session on March 12 after the firm announced a partnership with billionaire Elon Musk-led aerospace company SpaceX to introduce Starlink satellite internet services in India. In a joint statement released on March 11, the companies highlighted that the agreement is Starlink's first formal partnership in India. However, its implementation is dependent on SpaceX securing the necessary authorisations to operate Starlink services within the country. By integrating Starlink into its offerings—along with its existing partnership with Eutelsat OneWeb—Bharti Airtel will strengthen its ability to provide coverage across the country, especially in underserved areas. According to international brokerage JPMorgan, the Starl...

Shares of Sun Pharmaceutical Industries Ltd rose over 3 per cent on Tuesday, March 11, after ICICI Securities upgraded the stock's rating to 'Buy'. This adds to the continued positive investor sentiment driven by the acquisition of Nasdaq-listed Checkpoint Therapeutics for $355 million. As of 1:30 pm, Sun Pharma shares were trading at Rs 1,655.95 per share, up 2.76 per cent. ICICI Securities upgraded its rating on the stock to 'Buy' from 'Hold'. In this, it has set a target price of Rs 1,895 based on 31x FY27 estimated earnings per share (32x FY26 estimated earnings per share). The brokerage further mentioned that the stock has declined ~10 per cent in the last two months. Meanwhile, both Motilal Oswal and HDFC Securities have reiterated a 'buy' rating with a target price of Rs 1...

Aavas Financiers shares jumped nearly 9 per cent in morning trade on March 10 to hit an intraday high of Rs 1,845 per share. The stock was among the top gainers on the BSE Smallcap index. The gain came on the back of strong buying demand from investors. At 10.40 am, around 1.78 lakh shares of the company were actively traded. This is 12 times the stock's 10-day average trading volume. The Jaipur-based housing finance company has seen a strong surge in its share price in the past few months and is now hovering around its 52-week high of Rs 1,979 per share, reached on June 19 last year. Earlier in February, domestic brokerage Prabhudas Lilladher had retained its 'accumulate' rating on the stock with a target price of Rs 1,900 per share. Notably, this is around 3 per cent higher tha...

Hexaware Technologies shares rose 3 per cent to Rs 828 after the company announced a partnership with Major League Cricket (MLC) team San Francisco Unicorns. The collaboration will run until the 2026 season, including Hexaware branding on the team's helmets and caps as well as perimeter signage at matches. The IT services firm said the partnership is in line with its focus on community engagement and digital solutions in sports. The San Francisco Unicorns, who reached the final of the 2024 MLC Championship, are preparing for their third season in 2025, with matches scheduled to be played in the Bay Area, Texas and North Carolina. Welcoming Hexaware Technologies as an official partner, San Francisco Unicorns co-owner Anand Rajaraman said the company's focus on innovation and excel...

Polycab India shares rose 3.5 percent to Rs 5,078 at noon on March 05 after Morgan Stanley projected a nearly 52 percent upside in the stock. The brokerage assigned an "highweight" rating with a price target of Rs 7,395 per share, citing strong demand in the cables and wires segment. According to Morgan Stanley, Polycab's recent roadshows show that demand has picked up during the fourth quarter and exports have gained positive momentum. The company expects exports to contribute over 10 percent of its revenues over the next five years, aided by the US imposing import duties on competitors such as China and Mexico. The brokerage expects limited disruption in the industry over the next four to five years despite the recent entry of UltraTech Cement into the segment. Scaling the cable b...

New Delhi, March 5: Gold prices on Wednesday rose by Rs 44 to Rs 86,070 per 10 gram in futures trade as speculators created fresh deals amid strong spot demand.Gold contracts for April delivery rose by Rs 44, or 0.05 per cent, to Rs 86,070 per 10 gram on the Multi Commodity Exchange in a business turnover of 14,715 lots.Analysts said fresh buying by participants led to the rise in gold prices.Globally, gold futures rose 0.20 per cent to USD 2,926.40 an ounce in New York.

Shares of Tata Motors and Tata Investments rose up to 3 per cent on March 4, amid reports that Tata Capital, the financial services arm of the Tata Group, is eyeing a valuation of $11 billion for its upcoming public offering. While Tata Motors holds about 4 per cent stake in Tata Capital, Tata Investments holds about 2 per cent equity, which means a higher valuation for the company would bode well for the other two Tata Group companies. Meanwhile, Tata Investments (TICL) also acts as the investment arm of the Tata Group, holding stakes in several Tata companies. Hence, any major development at the group level, such as Tata Capital's IPO, boosts TICL's prospects, as it benefits indirectly from the rising valuation of its portfolio companies. In this sense, shares of Tata Investmen...

Gross GST collections rose 9.1% to around ₹1.84 lakh crore in February, boosted by domestic consumption and indicating a possible economic revival. On a gross basis, ₹35,204 crore came from Central GST, ₹43,704 crore from State GST, ₹90,870 crore from Integrated GST and ₹13,868 crore from compensation cess, according to official data released on Saturday. GST revenue from domestic transactions rose 10.2% to ₹1.42 lakh crore during February, while that from imports rose 5.4% to ₹41,702 crore. Total refunds issued during February were ₹20,889 crore, up 17.3% compared to the year-ago period. Net GST collections during February 2025 grew 8.1% to nearly ₹1.63 lakh crore. Gross and net GST revenues in February 2024 were ₹1.68 lakh crore and ₹1.50 lakh crore, respectively. Gross GST ...

IndiGo share price: Shares of InterGlobe Aviation, the country's largest airline operator, rose 1.78% to hit an intraday high of ₹4,520, amid weak market conditions as the company further consolidated its dominance in the Indian skies. The company's market share in the aviation market rose to 65.2% in January from 64.4% in the previous month. IndiGo also recorded the highest on time performance (OTP) at 75.5%, while Akasa Air's was at 71.5% in January, data from the Directorate General of Civil Aviation showed. Meanwhile, domestic air traffic in January grew 11.28% from a year earlier to 14.6 million, according to official data. Akasa Air and SpiceJet's market share increased by 4.7% and 3.2%, respectively. The number of passengers carried by domestic airlines during January 2...