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Asian equities climbed in early Monday trading, tracking US peers following a positive conversation between Donald Trump and Chinese leader Xi Jinping ahead of the US President-elect’s inauguration. Shares in Australia, Japan and South Korea gained. A gauge of US-listed Chinese shares jumped 3.2% Friday as Trump described the talk between the two leaders as “very good.” US futures were slightly lower in Asian trading with Wall Street closed on Monday due to a holiday.

BFSI) and rupee depreciation in a seasonally weak third quarter (Q3) of the financial year has brightened prospects for India's $254 billion outsourcing industry. This, along with growing momentum for artificial intelligence (AI) adoption across enterprises, has put growth in core markets on track for 2025. Top six software service providers, reporting earnings over the past two weeks, have witnessed revival in the key regions and business verticals of North America and BFSI, with at least three companies — Infosys, HCLTech and Wipro — upgrading guidance, although manufacturing continues to be soft in Europe. «The December 2024 quarter earnings of major Indian service providers — Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro and TechM — indicated signs of recovery, though the current growth and margins performance was tepid,» said Prashant Shukla, vice president at Everest Group.

Ajith Kumar's eagerly awaited film Vidaamuyarchi is scheduled for release on February 6, 2025. The actor will be returning to the screen with Vidaamuyarchi, showcasing his star power once again. Following its theatrical release, the film will be available on OTT in multiple languages, including Tamil, Telugu, Malayalam, Kannada, and Hindi.

Key results to track include those of HDFC Bank, Paytm, Zomato, HUL, ICICI Bank, YES Bank, IndiGo, Ultratech Cement, Dr. Reddy's, and several others.

Kotak Mahindra Bank reported a 10% rise in December quarter net profit to ₹3,305 crore from the year earlier on the back of steady interest income growth. Analysts tracked by Bloomberg had estimated profit after tax of ₹3,338 crore. The private lender had reported a profit of ₹3,005 crore in the same period last year. Growth in loans and deposits exceeded those of banks that have announced their earnings thus far.

Subscribe to enjoy similar stories. In the startup world, smart-ring pioneer Oura is a rare beast. It isn’t just a unicorn valued at more than $5 billion, but also profitable in a uniquely unforgiving realm: consumer electronics.

Subscribe to enjoy similar stories. As concerns abound about the mental health of children and adolescents, parents are getting all sorts of advice. Should we ban phones or just social media? Try pharmaceuticals or wean kids off them? Find a therapist or hire a “life coach" instead? The prescriptions for helping kids become healthier, less anxious and more self-possessed are as varied as the kids themselves.

Gold prices were pressured by an uptick in the U.S. dollar on Friday, but remained on track for a weekly gain as uncertainties around incoming President Donald Trump's policies and renewed bets of further rate cuts lifted bullion above the key $2,700 level. Spot gold eased 0.4% to $2,701.03 per ounce by 03:10 p.m. ET (2010 GMT), while U.S. gold futures settled 0.1% lower to $2,748.70.

Maha Kumbh 2025, are using artificial intelligence to try to prevent stampedes.

The firm said its S&P 500 Equal Weight Swap ETF is the «first swap-based equal weight ETF in the world», providing investors with exposure to the equal weight index. Invesco unveils trio of future-focused thematic ETFs The ETF is constructed from the parent S&P 500 index, including the same constituents but equally weighting them at each rebalancing date rather than weighting companies according to their market capitalisation, Invesco explained. It will track the index's performance through swap-based replication, meaning the ETF will hold a basket of quality equities and deliver t...

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The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months

Subscribe to enjoy similar stories. The quarterly earnings season is in full swing, offering a glimpse into how India Inc. has performed during the October-December 2024 period.

The founder of the muckraking financial research firm Hindenburg Research says he is disbanding the organization after finishing the work it set out to do

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Digantara said it has successfully launched its SCOT (Space Camera for Object Tracking) mission for space surveillance which will detect and track objects as small as 5 cm. The launch took place on Tuesday night aboard SpaceX’s Transporter-12 mission. SCOT aims to enhance space safety, optimize traffic management, and bolster national security initiatives, the startup said.

U.S. wholesale inflation rose last month on higher energy prices

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Subscribe to enjoy similar stories. Domestic metal and mining companies with strong volume track records, superior product mixes and near-term expansion plans are expected to hold fort against swings in global prices and geopolitical uncertainties in the remainder of FY25, experts said ahead of the December quarter earnings season (Q3FY25). Jindal Steel and Power Ltd (JSPL) and aluminium manufacturer Hindalco Industries Ltd have emerged as the top picks in the ferrous and non-ferrous metal categories, respectively.

Subscribe to enjoy similar stories. India's benchmark index, Nifty 50, extended its losing streak to three consecutive sessions, closing at 23,431.50. The index opened the session on a muted note at 23,551.90, tracking global market cues, and remained range-bound for most of the day.