Warren Buffett sold shares of Bank of America Corp. for the 12th straight day, wiping away the lender’s lead on its benchmark index this year as his conglomerate trims the longtime investment. His Berkshire Hathaway Inc. has cut its stake in the bank by a total of 8.8% since mid-July, […]
Gold prices hit their highest in over two weeks on Friday as Treasury yields and the dollar declined after data showed the U.S. economy created fewer jobs than expected in July, boosting hopes of rate cuts by the Federal Reserve this year. Spot gold was up over 1% at $2,472.59 […]
Picture Post Studios IPO: The initial public offering (IPO) of the small and medium-sized enterprise (SME) Picture Post Studios Ltd. was subscribed over six times on the first day of its issue today. The post-production major’s SME IPO opened for subscription on Friday, August 2, 2024, and will close on […]
Wall Street today: Wall Street losses deepened on Friday, August 2, with a sharp drop in US equities and US Treasury yields at multi-month lows after a weak jobs report fueled worries the US Federal Reserve has been too slow to cut key the interest rates, risking a more pronounced […]
The Securities and Exchange Board of India (Sebi) is aware of the crucial role of derivative markets in capital formation. However, the chaotic surge in index options trading on expiry dates offers minimal benefits, according to whole-time member Ananth Narayan G. Referring to Sebi’s consultation paper, which highlighted the explosion […]
The Organization of the Petroleum Exporting Countries and allies led by Russia, or OPEC+ kept the oil output policy unchanged at their meeting conducted on Thursday, but hinted at plans to start unwinding one layer of output cuts from October, and repeated that the hike could be paused or reversed […]
The longest weekly winning streak since 2010 came to an end this week as the Indian market faced significant selling pressure today. This downturn was influenced by a sell-off in global markets following fresh data from the US, which has reignited recession fears. These concerns have resurfaced in the headlines […]
In the last one month, the benchmark index Nifty 50 went up by 4% while the broader indices midcaps, smallcaps went up by 6% and 5%, respectively. This outperformance was led by improved sentiment and positive flows. However, brokerage house Axis Securities believes that with the recent run-up in the […]
Ola Electric Mobility Limited is a pure electric vehicle (EV) player in India that is developing vertically integrated technology and manufacturing capabilities for EVs and EV components. The company’s initial public offering (IPO) is open for subscription as of Friday, August 2, and it ends on Tuesday, August 6. Investors […]
Ashapura Logistics IPO: The issue opened for subscription on 30 July, 2024 and closed on 1 August 2024, saw a strong response . The issue was subscribed 185.75 times. It is now likely to see allotment finalised today. Here is how to check the status. Here’s how to check allotment […]