IMI raises guidance after solid third quarter performance

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• Ambuja Cements Q2 Results: Net profit tanks 90% YoY to Rs 114 crore; revenue rises 10%

  A massive tax reversal from the previous year skewed comparative earnings, creating a sharp bottom-line drop despite healthy top-line expansion. Profitability was further squeezed by elevated energy expenses and seasonal disruptions, forcing operating margins to contract significantly. Amid these near-term headwinds, the producer secured investor backing to merge with key industry peers under a unified operational strategy.

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• A profile of Nscale CEO Josh Payne, who is proceeding with plans for a US IPO that sources say, is targeting a $30B valuation despite some investor pushback (Mark Bergen/Bloomberg)

  Leadership is pressing ahead with listing preparations in the American public markets despite facing skepticism from prospective backers regarding the company's worth. The aggressive stance reflects confidence in securing a substantial market debut even as external concerns emerge. Achieving this multi-billion-dollar benchmark would position the firm for significant financial expansion.

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• Samsung Electronics earned nearly as much as Microsoft and Alphabet combined. What the Korean giant is now saying about the memory-chip outlook.

  Samsung Electronics has posted an unprecedented quarter, achieving financial results that no other technology company has ever matched. Following the record performance, the electronics giant has also addressed its expectations regarding the future outlook for the memory-chip sector.

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