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CUBI-PENYSE
Financial ServicesBanks - Regional
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CEAT (NSE: CEATLTD) Shares Sink 9% as Q1 FY27 Profit Crashes 96% Amid West Asia Crisis
📅 4 hours ago

CEAT (NSE: CEATLTD) Shares Sink 9% as Q1 FY27 Profit Crashes 96% Amid West Asia Crisis

CEAT shares sank as much as 9.3% Friday after a dismal Q1 FY27 profit report. The tyre maker’s net profit crashed 96% to just ₹4 crore. That compares with ₹112 crore reported in the same quarter last year. Revenue still grew 22.36% year-on-year to ₹4,318 crore during the quarter. CEAT shares touched an intraday low…

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Hitachi (TYO: 6501) and Eve (NYSE: EVEX) Partner to Build Charging Infrastructure for eVTOL Flying Cars
📅 4 hours ago

Hitachi (TYO: 6501) and Eve (NYSE: EVEX) Partner to Build Charging Infrastructure for eVTOL Flying Cars

On 17 July 2026, Hitachi Energy and Eve Air Mobility (NYSE: EVEX) announced a partnership to develop charging infrastructure for electric vertical take-off and landing (eVTOL) aircraft. The agreement focuses on one of the biggest challenges facing the flying car industry: building reliable power systems that can support commercial operations.  As urban air mobility moves…

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Wise (LSE: WISE) Reaffirms Full-Year Outlook After Q1 Revenue Jumps 25% to $714 Million
📅 4 hours ago

Wise (LSE: WISE) Reaffirms Full-Year Outlook After Q1 Revenue Jumps 25% to $714 Million

Wise reported strong first-quarter results for fiscal year 2027 on July 16, 2026. Net revenue rose 25% year-over-year to $714.0 million for the quarter ended June 30. Transaction revenue climbed 27% to $540.9 million, driven by rising cross-border volumes. Wise reaffirmed its full-year guidance, targeting revenue growth in the middle of its 15-20% range. Active…

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Zhongji Innolight Targets Up to $7 Billion in Hong Kong Listing After July 17 Approval
📅 5 hours ago

Zhongji Innolight Targets Up to $7 Billion in Hong Kong Listing After July 17 Approval

Zhongji Innolight is nearing final clearance for what could become Hong Kong’s largest listing this year. Bloomberg reported on July 15, 2026, that China’s securities regulator was set to approve the deal. That approval clears the path for a Hong Kong Stock Exchange listing hearing this week. Zhongji Innolight now aims to raise to $7…

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Jio Financial Services Ltd Jumps 4.52% After Q1 FY27 Profit Soars 2.6X to ₹830.3 Cr
📅 8 hours ago

Jio Financial Services Ltd Jumps 4.52% After Q1 FY27 Profit Soars 2.6X to ₹830.3 Cr

On 17 July 2026, Jio Financial Services Ltd posted a strong set of Q1 FY27 results that caught investors’ attention. The company reported a consolidated net profit of ₹830.3 crore, around 2.6 times higher than the same period last year, helped by continued growth in lending and digital financial services. The results lifted the stock…

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AWS CloudFront Outage Knocks PayPay Offline on July 16
📅 18 hours ago

AWS CloudFront Outage Knocks PayPay Offline on July 16

AWS CloudFront outage on July 16 knocked PayPay and other services offline. The issue affected VPC Origins users. Amazon stock fell 1.99% as investors weigh cloud reliability risks.

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Verizon (NYSE: VZ) to Sell 274 Stores and Cut About 3,000 Jobs in Major Restructuring
📅 19 hours ago

Verizon (NYSE: VZ) to Sell 274 Stores and Cut About 3,000 Jobs in Major Restructuring

Verizon is reshaping its retail business with another major restructuring effort. On July 16, 2026, the U.S. wireless carrier announced plans to sell 274 company-owned retail stores and eliminate about 500 corporate positions, affecting roughly 3,000 retail and corporate employees. The store transactions will become effective on August 16, 2026, leaving Verizon with approximately 1,000…

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CXMT’s $8.6 Billion IPO to Generate at Least $41 Million in Fees for Chinese Investment Banks
📅 1 day ago

CXMT’s $8.6 Billion IPO to Generate at Least $41 Million in Fees for Chinese Investment Banks

CXMT’s $8.6 billion Shanghai IPO is set to generate substantial fees for underwriters. The memory chipmaker priced shares at 8.66 yuan, or $1.28 apiece. That values CXMT’s business at roughly $85.2 billion upon its Shanghai Star Market debut. CXMT’s offering surpasses SMIC’s 2020 record as the largest chip IPO in China. Subscriptions opened Thursday, July…

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Uber (NYSE: UBER) to Acquire Delivery Hero (ETR: DHER) in $14.8 Billion Cash Deal
📅 1 day ago

Uber (NYSE: UBER) to Acquire Delivery Hero (ETR: DHER) in $14.8 Billion Cash Deal

On 16 July 2026, Uber (NYSE: UBER) announced a $14.8 billion cash offer to acquire Delivery Hero (ETR: DHER), one of the biggest food delivery acquisitions ever announced. If the deal goes through, Uber will expand its delivery business across dozens of international markets and strengthen its position in an increasingly competitive industry. Investors reacted…

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