The Reserve Bank of India has given approval to HDFC Bank Group to acquire stakes up to 9.50 percent in IndusInd Bank, Yes Bank, Axis […]
Category: Finance
Walmart $WMT Initiates 3:1 Stock Split to Expand Accessibility and Encourage Investor Participation
Walmart Inc. (WMT) has announced a 3:1 split of its common stock as part of ongoing efforts to optimize trading and broaden the reach of […]
Boeing Grapples with Quality Issue: 50 Undelivered 737 MAX Aircraft Require Rework Due to Mis-Drilled Holes
• Boeing faces a new quality concern as supplier Spirit AeroSystems identifies mis-drilled holes in 50 undelivered 737 MAX aircraft. • While not an immediate […]
RBI Directed Paytm Payments Bank to stop onboarding new Customers Starting January 31. Check Changes and Restrictions, etc
RBI directed Paytm Payments Bank to stop onboarding new customers starting January 31. Existing customers can still withdraw or use their balances without restrictions. Effective […]
Brokerage Reports: Paytm’s Future Post RBI’s Paytm Payment Bank Direction
Bernstein on Paytm RBI’s recent order essentially halts operations for Paytm Payments Bank (PPBL). This development is a clear negative, compounding existing regulatory concerns for […]
Mastercard Q4 Results: Strong Earnings Beat with Notable Revenue and Volume Growth
Mastercard’s profit surged by 11% in the fourth quarter, propelled by robust consumer spending during the holiday season amid a resilient labor market and diminished […]
Nova Agritech: APSDRI Raid Company IPO Sees 113x Subscription, Allotment Completed, Set for Listing Tomorrow – Full Details
APSDRI Raid on Nova Agri Tech Pvt Ltd: Nova Agri Tech Pvt Ltd in Guntur district faced a raid by the AP State Directorate of […]
JPMorgan Analysis: S&P 500 Rally Echoes Dot-Com Bubble, Raises Concerns Over Market Concentration in 2024
JPMorgan’s quant strategists, led by Khuram Chaudhry, contend that the current S&P 500 rally shares notable parallels with the dot-com bubble, despite assertions of the […]
India’s Sugar Outlook for 2023-24: AISTA Forecasts 4% Dip in Production to 31.6 Million Tonnes
On Monday, the sugar trade body AISTA projected India’s sugar production for the 2023-24 season to be approximately 31.6 million tonnes, reflecting a 4% decrease […]
Evergrande’s Downfall: Hong Kong Court Orders Liquidation Amidst Global Economic Impact
A Hong Kong court has ordered the liquidation of Evergrande, China’s foremost real estate developer. Consequently, the company’s stock has plummeted by another 20%, prompting […]
Finance Ministry’s January Economic Review: Projecting Robust 7% FY25 GDP Growth and Charting the Course to a $7 Trillion Economy
In its economic review for January, the Finance Ministry presents a positive outlook for India’s economic landscape. It anticipates that the real GDP growth for […]
iRobot Faces Setback as Amazon Cancels $1.4 Billion Acquisition, Triggering Major Restructuring and Workforce Reduction
Amazon has backed out of the $1.4 billion acquisition of iRobot, leading to significant repercussions for the vacuum maker. In response, iRobot has announced a […]