HDB Financial Services, the non-banking financial company (NBFC) affiliated with HDFC Bank $HDFCBANK.NS, is preparing to open its ₹12,500 crore initial public offering on June 25. The offering price has been set between ₹700 and ₹740 per share. This will be one of the most notable public listings in India’s financial sector this year, as the company targets capital expansion without selling any existing shares.
Kretto Syscon Ltd. $KRETTOSYS.BO has scheduled a board meeting on July 15 to evaluate corporate actions for the fiscal year 2024–25, including the possibility of a bonus share issue or a final dividend payout of up to 100%, according to a filing with the stock exchange. The decision will be contingent upon the availability of distributable reserves, and subject to requisite legal and shareholder approvals. The move signals a shift in capital allocation strategy as the company positions itself for both investor returns and operational growth.
Shares of Revolution Beauty Group PLC $REVB.L fell sharply by over 21% on Thursday, following confirmation that Frasers Group PLC $FRAS.L has terminated discussions around a potential acquisition. The retail group, led by Mike Ashley, issued a statement declaring it would not move forward with a takeover bid for the cosmetics company. The announcement led to immediate downward pressure on REVB’s market valuation. The pullback marks a reversal from early June, when Frasers had indicated it was exploring a possible all-cash acquisition. That initial interest drove speculation around a potential turnaround for Revolution Beauty, which has faced inconsistent financial performance and governance scrutiny since its public listing.
Ford Motor Company $F has confirmed pricing and technical specifications for the 2025 Ranger Super Duty, a reinforced variant of its top-selling pickup designed for Australia’s rugged environment. The single cab model starts at AUD 82,990, with the Super Cab-Chassis at AUD 86,490, and the Double Cab-Chassis priced from AUD 89,990. With optional upgrades such as a tray and metallic paint, total cost can exceed AUD 100,000. This variant reflects Ford's strategy to expand its presence in the high-capacity utility segment by offering a work-focused platform that meets the operational demands of industries like construction, agriculture, and resource extraction.
Anne Wojcicki, co-founder and former CEO of the bankrupt genetic testing company 23andMe $ME, has emerged as the winning bidder in a court-supervised auction for the firm's core asset: a massive repository of genomic data from over 15 million individuals. The winning offer, totaling $305 million, was made in partnership with TTAM, a California-based nonprofit biomedical research institute. The acquisition significantly outbids a prior $255 million offer from Regeneron Pharmaceuticals $REGN, which now remains as the backup bidder should the primary transaction fail to close. The sale remains subject to federal court approval, a standard procedure in Chapter 11 asset auctions.
On June 2, 2025, Gulf Air, Bahrain’s national airline, reinstated direct service to Nairobi’s Jomo Kenyatta International Airport (NBO), marking its return to Kenya after a 13-year hiatus. The decision reflects more than restored connectivity — it signals a calculated entry into the increasingly contested East African aviation market. The route, now served five times weekly by Airbus A320neo aircraft, links Manama to Nairobi using a modern fleet aimed at maximizing fuel efficiency and passenger comfort. The move aligns with Bahrain’s broader logistics and tourism strategy under Vision 2030, reinforcing Gulf Air’s bid for regional relevance.
American exchange-traded funds investing directly in Ether $ETHUSD have recently demonstrated the longest sequence of daily inflows in the current year. This trend marks a renewed interest among institutional investors for the second-largest cryptocurrency. Over the course of 14 consecutive trading sessions, a collective of nine ETFs has amassed $812 million. This significant growth stands out in 2025, propelled by the sharp increase of about 65% in open interest on Ether futures offered by CME Group $CME in May. These figures are approaching all-time highs, indicating a shift in investor sentiment.
Microsoft Corp. $MSFT has achieved a remarkable milestone, with its shares hitting an intraday peak on Thursday and setting a new all-time high. This rally, marking a significant uptrend that persisted for nearly a year, underscores investors' growing recognition of Microsoft as a paramount force in the field of artificial intelligence (AI).
Alaska Air Group Inc. $ALK faces persistent pressure on domestic airfares as excess capacity continues to outpace travel demand across the US aviation sector. CEO Ben Minicucci recently stated that the anticipated recovery in fares has not materialized, a sentiment echoed during the International Air Transport Association (IATA) Summit in New Delhi. The competitive landscape, intensified by an industry-wide surplus of available seats, has led to compressed ticket prices and weakened unit revenue — a critical profitability metric expressed as revenue per available seat mile (RASM).
Costco Wholesale Corp. $COST reported third-quarter earnings that exceeded Wall Street expectations, reinforcing its position as the nation's premier warehouse club. For the quarter ending May 11, the retailer posted earnings per share of $4.28, outpacing consensus analyst forecasts and underscoring Costco’s ability to sustain profit growth, even as U.S. consumers increasingly prioritize essential goods amid economic headwinds.
Anglo American Plc $AAL is set to finalize the separation of its platinum division next week, marking a pivotal move in its restructuring efforts. The company will spin off its controlling interest in Johannesburg-registered Valterra Platinum Ltd to shareholders. This action is part of a broader optimization program launched in May 2023 to resist a $49 billion takeover attempt by BHP Group $BHP.
Rakesh Gangwal, co-founder of India’s leading airline IndiGo $INDIGO.NS, has initiated a significant equity sale alongside the Chinkerpoo Family Trust. Together, they aim to secure up to 803 million USD by offering a 3.4% share in the air carrier. The deal involves offloading 13.2 million shares at a minimum price of 5,175 INR (61 USD) each, presenting a 4.5% markdown relative to the previous closing price of 5,420 INR. This strategic move represents Gangwal’s third structured divestment since March 2024, following block deals exceeding 2 billion USD.
