Chewy Inc. shares erased gains after initially spiking as much as 10% on Monday as Keith Gill — known online as “Roaring Kitty” — disclosed a 6.6% passive stake in the online pet food and product retailer. The disclosure with the US Securities and Exchange Commission shows Gill owns roughly […]
Market
July 1 – BlackRock has launched a ‘buffer’ exchange-traded fund that seeks to offer a 100% downside hedge to risk-shy investors looking to tap the equity markets, the world’s largest asset manager said on Monday. So-called buffer or risk-managed ETFs help maximize returns from an asset for investors and simultaneously […]
Interarch Building Products Limited, a Noida-based steel construction solution provider, and metal component manufacturer Gala Precision Engineering Limited on Monday received the Securities and Exchange Board of India’s (SEBI) approval to raise funds through initial public offerings (IPOs). Interarch plans to offload 44,47,630 or 44 lakh equity shares through an […]
US stocks were mixed on Monday after a report showed manufacturing weakened last month. The S&P 500 was steady in midday trading. The Dow Jones Industrial Average rose 0.1 per cent and the Nasdaq composite was 0.3 per cent higher. This week the investors’ main focus is on jobs data […]
The charges levied by stock exchanges, depository participants and clearing members should be true to label and uniform, the Securities and Exchange Board of India (Sebi) said on Monday. True to label means that if a charge is levied on the end client by stockbrokers, depository participants, and clearing members, […]
Oil prices rose on Monday, fuelled by increasing summer demand optimism and the supply cuts by the Organisation of the Petroleum Exporting Countries (OPEC). The rising gains in the oil market were controlled by other producers, indicating volatility, reported Reuters. On Monday, Brent crude futures rose 0.81 per cent or […]
Unicommerce eSolutions Limited, a Software-as-a-Service (SaaS) company, received the Securities and Exchange Board of India (SEBI) approval for its initial public offering (IPO) plan on Monday, July 1, according to the markets regulator filing. The Delhi-based company plans to offer up to 2.98 crore equity shares with a face value […]
The end of the Second World War marked the beginning of an over two-decade-long bull run on Wall Street. As is the case with all bull markets, this one too had its blue-eyed sector—airlines. ‘Air-transport stocks’ were all the rage back then, with investors scrambling to scoop up as many […]
FirstCry IPO: Brainbees Solutions Limited, the operator of FirstCry, has received the Securities and Exchange Board of India’s (SEBI) approval for its proposed initial public offering (IPO). According to Sebi disclosure, the market regulator received FirstCry’s final observation letter on 25 June, which means the companies have clearance to list […]
The momentum in business activity in India’s manufacturing sector has bounced back. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 58.3 in June from a three-month low of 57.5 in May. A reading above 50 indicates expansion. The headline index remains well above the long-term average, […]