With nearly $10 billion worth of investments being pulled out, October has emerged as the worst month on record for Foreign Institutional Investors (FIIs) withdrawing from India’s stock market. The outflow has surpassed the previous high of $7.9 billion seen during the March 2020 COVID-19 market crash and has been…
Shares of IndiaMart Intermesh plunged by 19% to ₹2,447 during morning trading on October 21, despite reporting strong second-quarter earnings. While the online B2B marketplace posted a significant year-on-year net profit increase of 94.7% to ₹135.1 crore for Q2 2024, concerns about slowing collections growth and weak subscriber additions led…
The RBL Bank stock price took a sharp hit, dropping 14% on October 21 to reach its 52-week low, following the bank’s disappointing Q2 results. The private sector lender reported a significant 24% year-on-year decline in net profit, falling to ₹223 crore, mainly due to asset quality challenges in its…
The much-anticipated Hyundai India IPO is set to debut on October 22, 2024, on the BSE and NSE, following its historic Rs 27,870 crore offer. While the initial response from retail investors was lukewarm, strong demand from Qualified Institutional Buyers (QIBs) led to an overall subscription of 237%. As the…
UBS is divesting a portion of the Credit Suisse business it acquired last year by selling the fallen bank’s 50% stake in credit card provider Swisscard. According to a statement from Swisscard, UBS will transfer its 50% ownership in the company to its joint venture partner, American Express. While the…
South Africa is gearing up for a wave of initial public offerings (IPOs) and fundraising activities, set to begin as early as 2025, as the country’s economic outlook brightens after years of lackluster growth. According to JPMorgan Chase & Co., investor optimism has surged, driven by the recent formation of…
Kinder Morgan (KMI) stock price is firing on all cylinders. It has risen in the last nine consecutive months, moving to its highest point on record. It has soared by 255.91% from its lowest point in 2020, giving it a market capitalisation of over $55.4 billion. While Kinder Morgan’s performance…
The cryptocurrency market has shown strong upward momentum, gaining 1.79% in market capitalization, now standing at $2.38 trillion. Alongside this, 24-hour trading volumes have surged by 65.13%, reflecting heightened trader activity. The Fear & Greed Index, currently at 63, indicates a growing sense of market optimism, driven in part by…
Robinhood has announced the launch of margin trading in the UK, enabling investors to borrow funds to amplify their trades. This development, which follows the platform’s discussions with the Financial Conduct Authority (FCA), will allow UK users greater access to advanced investment tools traditionally reserved for a select group of…
Boeing and its labour union have reached a tentative agreement that could end the monthlong strike, which has halted production of key aircraft such as the 737 MAX and 777. The strike involved around 33,000 workers, who walked off the job on September 13 after rejecting a previous proposal that…