BRIEF-Saudi's PIF Cuts Share Stake In Visa, Cummins & Ups Share Stake In Nu Holdings Ltd Aug 14 (Reuters) - SAUDI'S PIF: SAUDI'S PIF CUTS SHARE STAKE IN VISA INC BY 11.7% TO 802,300 CLASS A SHARES SAUDI'S PIF CUTS SHARE STAKE IN CUMMINS INC BY 9% TO 1.6 MILLION SHARES SAUDI'S PIF RAISES SHARE STAKE IN NU HOLDINGS LTD BY 223.1% TO 3.8 MILLION CLASS

BUZZ-Cummins India jumps on Q1 profit surge ** Shares of Cummins India CUMM.NS up 8% to 3,803.9 rupees ** Stock eyes best day since early Feb. ** The power generator maker's Q1 profit surged 31% on strong domestic demand ** Over 2.4 mln shares traded, 2.6x the 30-day avg ** Analysts' avg rating on stock is "Hold", median PT is 3,235 rupees, an 8% d

DIARY- India economic, corporate events on August 7 BENGALURU, Aug 7 (Reuters) - Diary of India economic, corporate events on August 7. ECONOMIC, CORPORATE .BSE500 EVENTS: Key Speaker Local Time Location India commerce minister 0930 BIMSTEC Business Summit, New Delhi India financial services secretary 1000 Industry body FICCI event, New Delhi RIC Local Start Date Local Time Indicator Name Period Reuters Poll Prior INM3MS=ECI 7 Aug 2024 17:00 M3 Money Supply 26 Jul, w/e 10.7% Start Date Start Tim

Cummins India's quarterly profit rises on higher demand for power generators BENGALURU, Aug 6 (Reuters) - Cummins India CUMM.NS , a unit of U.S.- based truck engine maker Cummins CMI.N , reported a 31% surge in first-quarter profit, driven by increasing domestic demand for its power generators. The company's consolidated profit after tax rose to 4.63 billion rupees (about $55 million) in the three months ended June 30 from 3.54 rupees a year earlier.

DIARY- India economic, corporate events on August 6 BENGALURU, Aug 6 (Reuters) - Diary of India economic, corporate events on August 6. ECONOMIC, CORPORATE .BSE500 EVENTS: Start Date Start Time RIC Company Name Event Name 06-Aug-2024 NTS BATA.NS Bata India Ltd Q1 2025 Bata India Ltd Earnings Release 06-Aug-2024 NTS BOSH.NS Bosch Ltd Q1 2025 Bosch L

U.S. RESEARCH ROUNDUP-Apple, Centerpoint Energy, Cummins Aug 2 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Apple, Centerpoint Energy and Cummins, on Friday. HIGHLIGHTS * Apple Inc AAPL.O : Wedbush raises target price to $285 from $275 * Centerpoint Energy CNP.N : JP Morgan cuts to neutral from overweight * Cummins CMI.N : Jefferies raises target price to $365 from $345 * Motorola MSI.N : JP Morgan raises target pr

Cummins raises full-year outlook as demand picks up steam Aug 1 (Reuters) - U.S. truck engine maker Cummins Inc CMI.N on Thursday beat second-quarter estimates and forecast improved revenue margins boosted by demand in the power generation market, sending its shares up 4.6% in early trading. Better than expected demand for the company's industrial applications, particularly in the mining sector, drove up sales for its power systems segment by 9% to $1.6 billion in the quarter.

BUZZ-Cummins rises on upbeat results, forecast raise ** Auto and truck parts maker Cummins CMI.N shares rise 5.9% to $308.9 premarket ** Co reports Q2 revenue of $8.8 bln, above analysts' estimates of $8.34 bln - LSEG ** On an adjusted basis, the company earned $5.26/shr, beating estimates of $4.81/shr ** The engine maker also raised its full-year

BRIEF-Cummins Q2 Sales USD 8,800 Million Vs. IBES Estimate USD 8,343 Million Aug 01 (Reuters) - Cummins Q2 net income USD 752 million. Q2 EBITDA USD 1,300 million Q2 EPS USD 5.26

FOCUS-Big truckmakers bet on hydrogen to extend combustion engine life By Christina Amann and Nick Carey BERLIN/LONDON, Aug. 1 (Reuters) - Some of the world's biggest truckmakers, including Volvo and MAN , are reworking combustion engines to run on low-emission hydrogen instead of polluting diesel, a quicker low-cost fix to their energy transition challenge that may give the dying technology a fresh lease of life.

Cummins Inc expected to post earnings of $4.81 a share - Earnings Preview Cummins Inc CMI.N , CMI is expected to show a fall in quarterly revenue when it reports results on August 1 for the period ending June 30 2024 The Columbus Indiana-based company is expected to report a 3.4% decrease in revenue to $8.343 billion from $8.64 billion a year ago, according to the mean estimate from 15 analysts, based on LSEG data.

VEGOILS-Palm oil eases for second day on higher Malaysia supply prospects BEIJING, July 24 (Reuters) - Malaysian palm oil futures fell for a second day on Wednesday, pressured by prospects of higher output in the world's second largest producer. The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 18 ringgit, or 0.45%, to 3,951 ringgit ($845.86) a ton during early trade.

PRECIOUS-Gold prices flat ahead of US economic data July 24(Reuters) - Gold prices were flat in early Asian trade on Wednesday, with investors awaiting U.S. economic data that could influence the Federal Reserve's rate-cut timeline. FUNDAMENTALS * Spot gold XAU= was little changed at $2,409.66 per ounce, as of 0032 GMT. U.S. gold futures GCcv1 ticked 0.1% higher to $2,410.50. * The Fed will cut interest rates just twice this year, in September and December, as resilient U.S.

Brazilian miner Vale partners with Komatsu, Cummins to develop low-emission trucks July 11 (Reuters) - Brazilian mining giant Vale VALE3.SA said on Thursday it has partnered with Japan's Komatsu 6301.T and U.S.-based Cummins CMI.N to develop and test haul trucks powered by a mixture of ethanol and diesel. The dual-fuel engines made by Cummins will be retrofitted to the mining company's existing fleet of diesel-powered haul trucks, making them capable of using up to 70% ethanol and reducing direc

Biden administration to award nearly $1.1 billion to Stellantis, GM for EV production By David Shepardson WASHINGTON, July 11 (Reuters) - The Biden administration plans to award General Motors GM.N and Chrysler-parent Stellantis nearly $1.1 billion in grants to convert existing plants to build electric vehicles and components, it said on Thursday.

BRIEF-Cummins Increases Quarterly Common Stock Dividend July 9 (Reuters) - Cummins Inc CMI.N : CUMMINS INC. INCREASES QUARTERLY COMMON STOCK DIVIDEND CUMMINS INC - INCREASES QUARTERLY DIVIDEND BY 8.3% CUMMINS INC - INCREASES QUARTERLY COMMON STOCK CASH DIVIDEND TO 1.82 DOLLARS PER SHARE Source text for Eikon: ID:nBw6RQ3bCa Further company coverage:

BUZZ-Truist cuts PTs for U.S. machinery companies ahead of Q2 earnings ** Truist Securities cuts PTs for machinery companies, especially farm equipment makers, reflecting continued weakness in industrial demand ** Also cites longer-than-expected inventory destocking across distribution channels Company New PT Old PT Brokerages' median - LSEG data D

U.S. RESEARCH ROUNDUP-Atlassian, Crowdstrike Holdings, CS Disco July 2 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Atlassian, Crowdstrike Holdings and CS Disco, on Tuesday. HIGHLIGHTS * Atlassian Corp TEAM.O : Piper Sandler raises to overweight from neutral * Crowdstrike Holdings Inc CRWD.O : Piper Sandler cuts to neutral from overweight * CS Disco Inc LAW.N : JP Morgan cuts to underweight from neutral * Principa

U.S. RESEARCH ROUNDUP-Alphabet, Equity Residential, Infinera June 28 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Alphabet, Equity Residential and Infinera, on Friday. HIGHLIGHTS * Alphabet Inc GOOGL.O : Rosenblatt Securities cuts to neutral from buy * American Financial Group Inc AFG.N : Citigroup cuts to neutral from buy * Cincinnati Financial Corp CINF.O : Citigroup raises to buy from neutral * Equity Residenti

U.S. RESEARCH ROUNDUP-Campbell Soup, Tesla, Walgreens June 26 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Campbell Soup, Tesla and Walgreens, on Wednesday. HIGHLIGHTS * Campbell Soup Co CPB.N : JP Morgan raises to overweight from neutral * Kratos Defense and Security Solutions KTOS.O : BTIG initiates coverage with Neutral rating * Rocket Lab USA Inc RKLB.O : BTIG initiates coverage with Neutral rating * Tesla Inc