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PoliticsPhoto: HT World

Lula and Flavio Bolsonaro Neck-and-Neck in Brazil Presidential Runoff

In Brazil's presidential runoff, right-wing Senator Flavio Bolsonaro narrowly led President Luiz Inacio Lula da Silva with 50.02% to 49.98% after over 20% of votes were counted. The vote count was paused by a Supreme Court order due to transportation issues in Bahia, causing confusion. Bolsonaro's win would continue right-wing gains, while Lula's fourth term would resist US influence in Latin America.

HT World·

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BusinessPhoto: Mint Markets

Infosys Lowers FY27 Revenue Growth Guidance Amid Deal Challenges

Infosys has reduced its FY27 constant-currency revenue growth forecast to 1-2%, down from earlier estimates of 1.5-3% and 1.5-3.5%. The company cited a shift toward offshore delivery and exiting a deal as factors that could reduce growth by 1.8-2%. These updates were shared during its Q2FY27 results announcement.

Mint Markets·

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EntertainmentPhoto: TOI Entertainment

Ramayana Advance Booking Nears Rs 25 Crore Mark

The film Ramayana: Rise of a Legend, starring Ranbir Kapoor and Yash and directed by Nitesh Tiwari, has seen impressive advance bookings with around 2.16 lakh tickets sold across 161 cities. Maharashtra, especially Mumbai, leads in ticket sales and revenue. The Hindi version, particularly in 3D format, accounts for most advance sales.

TOI Entertainment··Mumbai

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BusinessPhoto: Hindu Business

SEBI Allows Equity Funds 35% Residual Non-Equity Investments

The Securities and Exchange Board of India (SEBI) has permitted equity funds, including large-cap active funds, to invest up to 35% of their residual portfolio in non-equity assets. Large-cap funds must still invest at least 80% in large-cap stocks, but can allocate the remaining portion to mid-cap, small-cap, or non-equity investments. This regulation impacts the composition and risk profile of core portfolios.

Hindu Business·

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PoliticsPhoto: Hindu World

Lula da Silva Wins Brazil Election Over Flavio Bolsonaro

Lula da Silva won Brazil's presidential election with 51.75% of the vote, defeating Flavio Bolsonaro, son of former far-right President Jair Bolsonaro, who received 48.25%. Despite Flavio Bolsonaro's confidence from leading in polls before election day, Lula secured a narrow victory according to official results.

Hindu World·

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BusinessPhoto: ET Markets

India's Equity Valuations Hit Six-Year Low Despite EM Premium

India's equity valuations have fallen to their lowest in six years following recent market declines driven by foreign selling, a weaker rupee, and rising crude prices. Despite this drop, the MSCI India Index still trades at a premium compared to other emerging markets, causing overseas investors to remain cautious about investing in Indian equities.

ET Markets·

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