Stock exchanges will hold a special call auction for select investment holding companies (holdcos) on October 28, as part of a new framework introduced by […]
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DII Investment Surpasses ₹4 Lakh Crore in 2024; October Inflows Reach ₹63,981 Crore Amid ₹67,310 Crore FPI Outflows, with Mutual Funds Investing ₹23,300 Crore in Equities and LIC Committing ₹1.3 Lakh Crore for the Fiscal Year
Domestic institutional investors (DIIs) have aggressively bought shares in the stock market, investing over Rs 4,04,593 crore so far this year, hitting a record milestone […]
Government Likely to Cut APM Gas Allocation for CGD, Impacting IGL and MGL
The government is likely to cut APM gas allocation to City Gas Distribution (CGD) by 15-20% starting October 16. This unexpected decision means a reduction […]
Retail Investor Surge in PSUs Amidst Declining Share Prices in September Quarter
In the September quarter, most PSUs saw an increase in retail shareholders, with over 55 out of 68 companies reporting a rise, even as many […]
Brokerage Reports: Infosys, Wipro, Axis Bank, Manappuram Finance, United Spirits, Tata Chemicals and more!!
Brokerage reports on Infosys: CITI: They have a neutral view with a target price of Rs 1960. Infosys had a decent Q2 with 3.1% growth […]
China’s Economy Grows 4.6% in Q3 2024: Key Stats on 4.6% GDP Growth, 5.4% Industrial Output, and 10.1% Drop in Property Investment
China’s economy grew at its slowest pace since early 2023 in the third quarter, but consumption and industrial production in September were better than expected. […]
Netflix Earnings: Revenue at $9.82B, EPS $5.40, Subscriber Growth +5.07M
Netflix Q3 2024 Earnings Highlights: Earnings per share (EPS) were $5.40, beating the estimate of $5.12, and up 45% compared to last year. Revenue came […]
September Mortgage Purchase Applications Lowest Since 1995
U.S. mortgage applications have decreased by 17.0% over the last week, marking the steepest decline since April 2020. This shows a sharp slowdown in home […]
China’s Economic Outlook: Q3 GDP Projections at 4.5% and BofA’s Global Fund Manager Survey Insights
China’s economy is expected to grow at its slowest rate this year, as officials work to boost consumer spending amid ongoing problems in the property […]
Lucid Stock Plummets 18% as Company Faces Larger-Than-Expected Q3 Loss and Plans $1.67 Billion Stock Sale
Lucid plans to raise $1.67 billion by selling stocks, but its shares dropped over 18% in premarket trading after the company announced a larger-than-expected loss […]
ECB Lowers Deposit Facility Rate by 25 Basis Points
ECB has reduced the deposit facility rate by 25 basis points. Main interest rate: Now 3.40%, down from 3.65%, as expected. Deposit facility rate: Now […]
Taiwan Semiconductor Q3 2024: $23.5B Revenue, 36% YoY Growth, and Record $10.06B Profit
TSMC reported impressive results for the third quarter! Their revenue hit NT$759.7 billion, which is the highest ever and shows a 39% increase compared to […]