Corning’s stock dropped significantly after reporting slower fiber optics growth. The company forecast lower third-quarter sales, disappointing market experts. This decline erased billions in the company’s market value. Investors noted a slowdown in the vital optical communications segment. The stock’s rapid surge over the past year led to a pullback.
Sebi to release FII compliance consultation paper within weeks, says chairman Tuhin Kanta Pandey
Sebi is likely to release a consultation paper on foreign investor compliance requirements within weeks, chairman Tuhin Kanta Pandey said. The proposed document will explore