Citi raises Samsung profit estimates on memory outlook

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• Mahindra Lifespace Developers pre-sales rise 66% to nearly Rs 2,000 cr in Apr-Sep

  Robust commercial demand drove strong booking momentum across the real estate firm's 56 million square foot portfolio during the first half of the fiscal year. However, heavier tax expenses squeezed profitability during the second quarter despite a substantial improvement in top-line revenue. This performance underscores a mixed financial landscape marked by surging operational growth alongside short-term tax headwinds.

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• IndiGo CEO says ‘no choice’ but to consider fare hikes as fuel costs surge

  Mounting operational pressures driven by currency depreciation and global headwinds have severely constrained airline earnings across the aviation sector. Parent company InterGlobe Aviation recently slipped into a substantial quarterly net loss despite solid revenue expansion, leaving leadership with few alternatives to protect profit margins. Passing these elevated costs directly onto passengers has emerged as the primary mechanism to stabilize near-term financial performance.

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• Kalshi raises $1 billion at $40 billion valuation as it expands beyond prediction markets

  The platform secured this major capital injection to finance an operational push outside of its foundational prediction trading space. With an expanded war chest, the firm aims to build out new business lines that diversify its financial footprint. The massive valuation underscores soaring private investor confidence in the growth trajectory of regulated alternative exchange models.

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