Financial Summary: Friday, September 12, 2025

Gemini has priced its IPO at $28 per share, valuing the company at $3.3 billion amid strong demand.

Infosys announces its largest-ever share buyback worth ₹18,000 crore at a 19% premium to enhance shareholder value.

Marico has fully acquired True Elements, strengthening its position in the healthy foods market.

Oracle's market cap nears $1 trillion, briefly making Larry Ellison the world's richest person.

Octopus Energy has launched an electric vehicle leasing service in Germany, expanding its offerings in the EV market.

Luxury furniture retailer RH reported a significant earnings miss due to unexpected tariff impacts.

Bajaj Housing Finance receives relief as Sebi relaxes public shareholding norms, allowing more time for promoter stake dilution.

Tether announces plans to launch a new stablecoin aimed at the US market following new regulatory developments.

South Korean and Japanese stocks reached record highs, driven by optimism in AI and strong performances from chipmakers.

Wall Street's main indexes closed at record highs, bolstered by strong performances from Tesla and Micron amid expectations of interest rate cuts.

Indian equity markets rallied for the seventh consecutive day, supported by easing trade tensions and anticipated US Federal Reserve rate cuts.

Chinese stocks surged, led by technology companies, marking the largest increase since March due to positive retail investor sentiment.

Defence stocks in India rallied up to 8% as analysts highlight strong government spending and growth potential in the sector.

The Indian rupee recovered against the US dollar, closing at 88.28, supported by a weaker dollar index and positive market sentiment.

Record bids of ₹1.22 lakh crore were committed for three IPOs in India, indicating strong investor demand.

Sebi approved a single-window clearance system to simplify market access for foreign portfolio investors.

The Ethereum stablecoin market saw a significant increase, adding $17 billion, driven by growing demand.

Solana's price surged above $240, marking its highest level since January, reflecting strong investor interest.

Investors are facing a looming $7 trillion 'wall of cash' as the Federal Reserve prepares for interest rate cuts, prompting potential portfolio adjustments.

Market analysts suggest that the stock market is inching closer to recovery, indicating potential positive trends ahead.

Gemini Space, backed by the Winklevoss twins, saw a remarkable 43% surge in its Nasdaq debut, marking a significant win in the resurgent IPO market.

Apple, Google, and Meta are collaborating to improve AI technology for universal translator features across their devices.

Amazon's AWS CEO announced a new initiative focused on developing foundational technologies for artificial intelligence.

Joby and Archer have joined the FAA's eVTOL pilot testing program, pushing forward the development of air taxi services.

Chainlink has secured a partnership with Polymarket to enhance the accuracy of prediction markets.

Indian banks are expected to reduce dividend payouts by 4.2% in FY26 due to a slowdown in loan growth.

Irdai Chief Ajay Seth met with insurance CEOs to discuss industry performance and future strategies.

Indian businesses are adapting to US tariffs while anticipating festive demand and GST cuts to alleviate financial strain.

Indian banks plan to increase lending to MSMEs as they navigate ongoing economic challenges.

Nomura's Sonal Verma forecasts that India's inflation will remain low, potentially allowing the RBI to consider rate cuts.

Adhira & Appa Coffee is expanding in India with new locations opening in Hyderabad and Nashik.

The Securities and Exchange Board of India has approved reforms to ease IPO norms and enhance foreign investor access.

The U.S. is pushing G7 nations to impose high tariffs on China and India for buying Russian oil to enhance sanctions against Moscow.

Poland has called for an emergency UN meeting after a Russian drone violated its airspace, seeking international support.

The U.S. has warned Brazil of potential diplomatic fallout following the lengthy prison sentence of former President Bolsonaro.

China has warned Mexico against raising tariffs on Asian-made cars, threatening retaliatory measures amid trade tensions.

Iran revealed that its enriched uranium stockpile is located under sites previously bombed by Israel and the U.S., raising nuclear safety concerns.

NATO has initiated the Eastern Sentry mission to strengthen defenses in Eastern Europe following a recent Russian drone incursion.

The U.S. and UK are finalizing major tech and nuclear deals ahead of President Trump's state visit, following the dismissal of the British ambassador.

The murder of political figure Charlie Kirk underscores a rising trend of political violence in the U.S., drawing parallels to the 1960s.