There has been a gold rush in the Indian IPO market in recent times. In 2021, close to Rs 1.2 lakh crore of capital was raised by companies via the IPO route. It is significantly higher than the total capital raised between 2018- 2020, which amounted to slightly over Rs 73,000 crore. Tech startups, e-commerce … Read more
McDonald’s Corp. investors voted in favor of a proposal calling for an independent civil-rights audit, going against the company’s recommendation, according to preliminary vote totals viewed by Bloomberg. The fast-food chain joins the ranks of other large businesses facing a wave of shareholder scrutiny regarding their environmental, social and governance stances. The civil rights audit … Read more
Wall Street stocks rose at the open on Friday as investor confidence grew that the inflation that has raised the prices for consumer goods has peaked. The blue-chip S&P 500 share index was up 1.3 per cent while the Nasdaq Composite added 1.7 per cent in New York. Improving investor confidence has put the S&P … Read more
Billionaire Elon Musk was sued by Twitter Inc .investors claiming he manipulated the company’s stock price downward, as the chief executive of electric carmaker Tesla Inc. mounts a $44 billion takeover bid for the social media platform. The investors said Musk saved himself $156 million by failing to disclose that he had purchased more than … Read more
The Indian market bounced back on Thursday after falling for three consecutive days. The S&P BSE Sensex rose more than 500 points while the Nifty50 closed above 16,100 levels. Sectorally, buying was seen in metals, banks, finance, as well as realty stocks while some selling was seen in FMCG counters. Stocks that remained in focus … Read more
(Reuters) – Billionaire Elon Musk was sued by Twitter Inc. investors claiming he manipulated the company’s stock price downward, as the chief executive of electric carmaker Tesla Inc. mounts a $44 billion takeover bid for the social media platform. The investors said Mr. Musk saved himself $156 million by failing to disclose that he had … Read more
Good Morning! At last some good news. Stock markets might be tumbling and housing markets cooling, but this volatility is driving interest in Canadian commercial real estate as investors look for a hedge against inflation, a new report by a major broker says this morning. RE/MAX Canada says demand for industrial, multi-unit residential and farmland … Read more
Dow Jones futures turned slightly higher, along with S&P 500 futures and Nasdaq futures, erasing modest losses. Nvidia (NVDA) headlined key earnings after the close, while Twitter (TWTR) and Twitter stock were active overnight as Elon Musk beefed-up financing for the takeover deal. X The stock market rally attempt had solid gains Wednesday after Fed … Read more
Mumbai: Mutual fund distributors believe the steps taken by the market regulator to increase liquidity and transparency in exchange-traded funds (ETFs) and passive funds would help attract more investors to these instruments and help grow the industry. As per data from industry body Association of Mutual Funds in India (AMFI), over the last one year, … Read more
Repeating a troubling pattern, the stock market gave back much of the prior day’s rally as more companies and the latest economic data signaled weakening economic conditions. X The Nasdaq wiped out all of Monday’s 1.6% gain as the composite plummeted 3.4%. The S&P 500 fell 1.9% and also surrendered all of Monday’s rally. Since … Read more