Spirit Airlines shares slid more than 9 per cent in morning trade in New York on Monday on weak forecast for second quarter (Q2) revenue. At 12:00 pm EDT, the Spirit Airlines stock was at $3.3401, down 9.97 per cent. The airline, impacted by issues with RTX’s Pratt & Whitney Geared Turbofan […]
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Gold, which is considered as a secured investment amid geopolitical and economic upheavals, has witnessed a significant surge in value due to Russia’s invasion of Ukraine and the conflict in the Gaza Strip. However, the prolonged and resilient ascent of gold, surpassing $2,400 per ounce, can be largely attributed to […]
The shares of public sector banks fell during trade on Monday after the Reserve Bank of India’s draft rules proposed higher provisioning norms on under-construction projects. PSU Bank nifty index fell 3.66% to close at 7,252.85 in trade on Monday. On 3 May, RBI issued a draft prudential framework for […]
Major cryptocurrencies experienced a rally on Monday following the release of softer-than-anticipated US jobs data, which revived expectations that the Federal Reserve might consider easing rates within the year. World’s largest cryptocurrency Bitcoin experienced a 1.5% increase, reaching $64,340 on Monday, whereas the second-largest digital token, Ethereum, saw a 3% […]
Wall Street: US stocks surged on Monday on greater hopes of the US Federal Reserve cutting interest rates this year following last week’s softer-than-expected jobs data. Last week, the US Fed left interest rates unchanged and indicated that it was leaning toward eventual cuts in borrowing costs. At 09:41 a.m. […]
The concerns in the recent past have weighed on diversion of Sugar to Ethanol production. Government in order to control Sugar prices has not allowed significant diversion of Sugar. Hence the crushing season in Sugar year 2024 though may be showing favorable production trends , nevertheless the Balrampur Chini Mills, […]
With an impressive response across categories, the Indegene IPO has been fully booked on its first day itself. The category for non-institutional investors fetched 4.13 times subscription, while the portion for retail investors got subscribed 1.50 times. The quota for employees received 1.31 times subscription. Indegene IPO subscription status is […]
Hindustan Petroleum Corporation Limited (HPCL) has scheduled a board meeting for May 9, 2024, to consider and approve the issuance of bonus shares to its shareholders. However, the record date for the issuance of bonus shares is yet to be declared by the company. The company will also be declaring […]
The Nifty Midcap 50 underperformed the Nifty 50, closing 0.22% lower. Similarly, the Nifty Small Cap 100 also underperformed the Nifty 50, ending at 16,936.5, down by 253.35 points and 1.5% lower. In terms of returns, the Nifty 50 has performed as follows: – In the last 1 week: -0.89% […]
Kotak Mahindra Bank has been under scrutiny lately, facing one setback after another. Towards the end of April, the Reserve Bank of India (RBI) asked the lender to stop onboarding new customers through its online and mobile banking channels, and also barred it from issuing fresh credit cards. This action […]