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Advanced Drainage Systems Q4 Profit Up, Above Estimates - Update

India, May 16 -- (Adds Outlook) Looking ahead, for the full year, Advanced Drainage Systems, Inc. (WMS) expects sales of $2.925 billion to $3.025 billion, in line with analysts' estimate of $3 billio... Read More


U.S.-Built Floating Pier To Deliver Humanitarian Aid Anchored Off Gaza

India, May 16 -- U.S. forces have completed construction of a temporary floating pier off the Gaza coast to deliver humanitarian aid to the war-stricken people of Gaza. The U.S. Central Command said ... Read More


Novartis Meets Offer Conditions To Buy MorphoSys In EUR 68/shr Cash Deal

India, May 16 -- Novartis Pharma AG, affiliated to Swiss drug major Novartis AG (NVS), announced Thursday that it has met all tender offer conditions to acquire MorphoSys AG (MOR) for EUR 68 per share... Read More


Sensex, Nifty End Notably Higher On Soft US Data

India, May 16 -- Indian shares rose notably on Thursday after Wall Street's three major indexes notched record closes overnight on optimism that inflation is heading back in the right direction and th... Read More


Gold Dips As Dollar Steadies Ahead Of More Fed Speak

India, May 16 -- Gold prices were subdued on Thursday after climbing by 1 percent in the previous session, aided by a drop in the dollar index and U.S. bond yields. Spot gold was marginally lower at ... Read More


NICE Ltd. Q1 Profit Increases, Beats Estimates

India, May 16 -- NICE Ltd. (NICE) announced earnings for its first quarter that increased from last year and beat the Street estimates. The company's bottom line totaled $106.373 million, or $1.60 pe... Read More


Oil Holds Steady On Fed Rate-cut Bets

India, May 16 -- Oil prices held steady on Thursday after finishing notably higher the previous day, buoyed by soft U.S. inflation data and a report showing a bigger than expected drop in U.S. crude i... Read More


Italy Inflation Slows More Than Estimated, Trade Surplus Grows

India, May 16 -- Italy's inflation moderated slightly more than initially estimated in April, the latest data from the statistical office ISTAT showed on Thursday. Separate official data showed that ... Read More


European Shares Subdued As Investors Await Fed Comments

India, May 16 -- European stocks were subdued on Thursday as softer U.S. consumer inflation data brought Fed rate cuts back into focus. The dollar was on the back foot and U.S Treasury yields sank to... Read More


FTSE 100 Dips On Mixed Earnings

India, May 16 -- U.K. stocks were slightly lower on Thursday as investors reacted to mixed earnings results and awaited comments from Federal Reserve officials for additional clues on the rate outlook... Read More