US market indexes fall over 1%, dragged by tech and Iran war worries
Major US stock markets experienced a significant drop on Wednesday. Chipmaker stocks continued their decline, while new tensions between the US and Iran added to investor worries. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all saw substantial losses. Investors are also considering potential interest rate hikes and taking profits in the tech […]
S&P Global revises IPO-bound Oyo parent Prism’s outlook to ‘Positive’
S&P Global Ratings has declared a Positive outlook for Prism, suggesting a promising trajectory for OYO’s parent company. This optimistic assessment comes with the expectation of substantial improvements in credit metrics and a flourishing IPO that will enhance Prism’s financial standing.
Goldman Sachs buys CMR Green Technologies shares on listing day after strong debut
Goldman Sachs India Equity Portfolio bought shares worth Rs 49.82 crore in CMR Green Technologies on its listing day, which saw a 43% premium. Despite investor optimism, analysts advise caution and partial profit booking amid high valuations.
Zee Entertainment to raise $241 million for stategic initiatives
Zee Entertainment is all set to gather 23 billion rupees to fuel its ambitious business strategies, following a significant win in securing the broadcast rights for the 2026 FIFA World Cup in India.
13 mutual funds collect Rs 471 crore in May, Motilal Oswal Contra Fund contributes Rs 267 crore
Rupee ends nearly flat on competing oil, intervention and NDF maturity cues
The Indian rupee saw little change on Wednesday. Traders noted oil price swings and strong dollar demand. The Reserve Bank of India likely intervened to stabilize the currency. Geopolitical tensions in the Middle East added to market uncertainty. Investors now await US inflation data for further market direction.
Short-end Indian debt gains as RBI dollar measures spur buying
Short-term Indian government bond yields have dropped to their lowest in three months. This move steepens the yield curve significantly. Expectations are high that banks will invest funds from the RBI’s dollar inflow measures into this segment. The Reserve Bank of India’s steps to attract foreign currency deposits are expected to lower funding costs for […]
SpaceX wants regular investors to help its stock launch. Here’s what to know before clicking ‘buy’
SpaceX is on the cusp of launching its public stock offering, opening the door for average investors to stake a claim in its cosmic journey. This unique initiative will provide more favorable investment thresholds, making it easier for more people to participate. Still, savvy investors should be mindful of the possible price fluctuations and the […]
Sebi proposes consolidated disclosure of executive pay at asset managers
India’s markets regulator, SEBI, has proposed a change for asset management companies. Executives and high earners in these firms may soon have their pay disclosed together, not individually. This aims to give investors a clearer picture of senior management compensation. SEBI is seeking public feedback on this proposal until June 30.
Concord Biotech shares gain 6% after USFDA approval for Tofacitinib tablets
Concord Biotech’s shares surged over 6% after receiving USFDA approval for its Tofacitinib Tablets in 5 mg and 10 mg strengths. This approval for rheumatoid arthritis and other conditions is expected to bolster its U.S. market presence and product portfolio, targeting a $500 million market opportunity.