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Intel stock plunges 30% as weak PC demand and AI costs trigger global chip selloff
Intel shares plunged 30% after the chipmaker issued a weak fourth-quarter revenue forecast and warned of negative cash flow for the year. The warning triggered a global semiconductor selloff, with Nvidia, AMD and other chip stocks declining as weak PC demand and rising AI infrastructure costs weighed on sentiment.
RIL diversifies crude sourcing, redirects exports amid Middle East disruptions
Diversified crude supplies and a shift in export destinations helped the company navigate disruptions and capture stronger refining margins during the quarter
Sun Pharma Q2 profit falls 36% as litigation costs hit earnings
Sun Pharma reported a 36% decline in Q2FY27 net profit to Rs 1,989 crore due to exceptional litigation and acquisition-related costs. Revenue grew 11.8%, supported by strong domestic and emerging market sales, while US formulations weakened.
Nifty reclaims 23,000 on Oct’s last trading day; IT, Pharma stocks lead
Nifty 50 gained 0.51% to close at 23,053, reclaiming the 23,000 mark for the first time in eight sessions, while the Sensex rose 0.42% to 74,459.53
Syrma SGS reports best-ever quarter; Q2 revenue up 73% to Rs 1,999.5 crore
Syrma SGS Technology reported an 87.2% increase in consolidated net profit for the quarter ending September 2026. Consolidated revenue increased by 73.2%, reaching a record high of Rs 1,999.5 crore. The company’s exports grew by 91% year-on-year, showcasing strong international demand. Investments are planned in collaboration with Kaga Electronics to enhance the domestic supply ecosystem.
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Q2 Results Today Live: Ajanta Pharma, Aether, Smartworks Q2 PAT rise, Go Fashion profit falls, Reliance, Jio Platforms, Sun Pharma, Dixon, BEL, IOC, BoB, GAIL, GE Vernova, Lodha, Max Health, Delhivery, NTPC Green to announce Q2 results
Q2 Results Today, 30th October 2026 Live Updates: businessline brings to you latest Q2 announcements, earnings updates and more.
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