New-age tech companies in India, despite grand IPOs, are facing a harsh reality in the stock market. Many, including Paytm and Nykaa, have seen their stock prices plummet, highlighting investor concern over profitability. While Zomato has shown a turnaround, upcoming IPO hopeful Swiggy’s path to profitability remains a key concern for potential investors.
Berkshire Hathaway spends down cash pile under CEO Greg Abel
Berkshire Hathaway reduced its cash hoard to $365.5 billion in Q2, as CEO Greg Abel deployed capital into $4.5 billion of stock buybacks and nearly