The initial public offering (IPO) of Reddit last week caused a sharp decline in its share price, which has alarmed investors and raised concerns about the company’s valuation and future prospects. At the end of the trading week, the giant of social media, which made its much awaited New York Stock Exchange debut, saw its…
On Thursday, the Indian stock market indices witnessed an impressive rally fueled by the leading index Nifty 50 breaking above 22,400. Investor confidence surged as this bullish momentum developed amid cautiously positive signals from global markets. Gains were seen everywhere, with every sectoral index rising, indicating a general enthusiasm in the market. At 1:15 PM,…
In a significant development highlighting the deepening economic relations between the UAE and Morocco, investments from the UAE into Morocco have surged to a substantial $30 billion. This revelation came from Jamal Saif Al Jarwan, Secretary-General of the UAE International Investors Council, shedding light on the UAE’s expanding global investment footprint. The UAE’s overseas investments,…
In a testament to its robust performance and promising future prospects, shares of ABB India soared by 7% during early trading hours today, reaching an unprecedented peak of ₹6,341.90 per share. The surge came on the heels of a compelling report by global brokerage firm UBS, which not only upgraded its target price for the…
The annual Hurun Global Rich List for 2024 has been released, showcasing the extraordinary wealth amassed by individuals across the globe. Compiled by the prestigious Hurun Research Institute, this year’s report offers a snapshot of the world’s billionaires as of January 15, 2024, and unveils remarkable insights into the distribution of wealth across nations and…
The Indian stock market is getting ready for a shorter trading week in March 2024, as two major holidays will hamper the usual flow of trading activity. As per the official list of stock market holidays 2024 released by the Bombay Stock Exchange (BSE), trading will be closed on Monday, March 25, 2024, in honour…
The trading day on Friday saw a chaotic beginning for the Indian stock market, with a major early loss followed by an impressive comeback, especially in the Information Technology (IT) sector. Still, the IT industry suffered a significant blow, as a whole declining by 1.90 percent. The main cause of this decline was the sharp…
The upcoming initial public offering (IPO) of SRM Contractors Limited offers investors a potential chance to take part in India’s expanding construction industry, as the infrastructure sector remains an essential component of economic growth. SRM Contractors wants to raise money to support its expansion goals and take advantage of the rising demand for infrastructure development,…
The U.S. Department of Justice (DOJ) filed a complaint against Apple Inc. (AAPL) on Thursday, claiming the tech giant violated antitrust laws with its strict iPhone and App Store restrictions. This is a huge development that has sent shockwaves across the tech industry. Concerns regarding Apple’s dominance in the smartphone industry and its control over…
The price of gold has gone up on both domestic and foreign markets following the US Federal Reserve’s most recent meeting and its hint to possible rate reduction in 2024. The Multi Commodity Exchange (MCX) gold futures contract for April 2024 saw an impressive gain on Thursday morning trades. It opened higher at ₹66,100 per…
