Eicher Motors Q4 Results: Revenue from operations for the March quarter rose 23% year-on-year to Rs 5,241 crore, compared to Rs 4,256 crore in the same period last year.

Easing trade tensions between the US and China have prompted major brokerages like Goldman Sachs and JP Morgan to revise their US recession forecasts. Goldman Sachs reduced its recession estimate to 35%, while JP Morgan places the probability below 50%.

MSCI has revamped its India Smallcap Index, adding 11 stocks including Tata Technologies and Hexaware, while removing 22 others. The rejig, effective May 30, also involves weight adjustments across select existing constituents, signaling shifts in market sentiment.

Jubilant FoodWorks may face business pressure due to rising India-Turkey tensions following Türkiye’s support for Pakistan. Its Domino’s Turkey unit, DP Eurasia, contributes significantly to revenue and could be impacted by boycott calls and strained trade ties.

The Nifty Pharma index closed 0.57 per cent up at 21480.5.

Microsoft s shares have surged by nearly 16% following the announcement of a 3% workforce reduction, impacting over 6,000 employees globally. This restructuring aims to streamline operations, flatten management, and improve efficiency. The company is also implementing a new performance management framework, including a rehire ban for terminated employees and a focus on identifying underperformers.

Bill Gates pledges to give away $200 billion by 2045 to fight global poverty and disease, sharply criticizing Elon Musk for slashing US aid and endangering the world’s poorest communities.

Jio Credit, the non-bank financing arm of the Mukesh Ambani-led Reliance group, on Wednesday raised Rs 1,000 crore through a maiden bond issue from domestic investors

Markets regulator Sebi on Wednesday expanded the list of eligible professionals who can be part of the internal audit team for Credit Rating Agencies (CRAs), making it more inclusive. Earlier, the internal audit team for CRAs was required to include a Chartered Accountant (ACA/FCA), and a Certified Information Systems Auditor (CISA) or someone with a Diploma in Information System Audit (DISA).

Indian markets rebounded on Wednesday with Sensex rising nearly 200 points and Nifty50 closing above 24,600. Gains were led by capital goods, realty, and metals, while banks faced selling pressure. CEAT and Mazagon Dock hit fresh 52-week highs.