Tesla shares tumble, on track for worst month ever
Tesla’s stock has tumbled 36% so far in December, putting it on track for its worst ever monthly performance. By comparison, Tesla’s shares dropped 22% in March 2020, when the coronavirus pandemic tipped financial markets into a tailspin.
Big Movers on D-St: What should investors do with ICICI Lombard, Jindal Stainless and PNC Infratech?
Stocks that were in focus include names like ICICI Lombard which rose more than 1%, Jindal Stainless which closed with gains of nearly a per cent, and PNC Infratech also closed with gains of nearly 2% in a muted market with strong volumes.
Gold flat as focus shifts to inflation data
Bullion prices dropped more than 1% on Thursday after U.S. economic data showed the country’s economy rebounded faster than previously estimated, boosting the dollar and potentially setting the Fed on a keener path to fight inflation.
PSUs running hot on the Street push up m-cap share to 13%
India’s market cap stood at ₹281 lakh crore on Thursday as against ₹58 lakh crore in FY12. PSUs’ market cap increased to ₹37 lakh crore from ₹16 lakh crore in FY12, while the private sector market cap rose to ₹252 lakh crore from ₹41 lakh crore.
RCMS valuation’s relatively rich for size of its business
Radiant Cash Management Services, a cash logistics company, plans to raise Rs 60 crore through an issue of fresh equity to fund capital expenditure and working capital requirements
FPIs, foreign VCs pin hopes on tax residency proof to avoid hit
The adequacy of TRC has often been questioned by the Income tax (I-T) department on the grounds that investing entities were mere dummies set up for treaty shopping and deriving tax benefit while actual control lay with holding companies and investors in other locations which do not qualify for tax exemption.
JK Cement buys controlling stake in Acro Paints for Rs 153 crore
Acro Paints is a leading manufacturer in northern India of architectural and high-performance paints and coatings. This acquisition is a step towards fast-tracking JK Cement’s entry into the paints business, expanding its product offerings and potentially foraying into new markets, as per the press statement.
Piramal Capital bets big on developer financing loans
“We are consolidating our development finance book, but we still like the business; it is materially a sound business,” said Jairam Sridharan, managing director, Piramal Capital and Housing Finance. “The fact that banks have got serious limitations in terms of how to lend to real estate is well known. So, where will the funding come […]