Financial Updates
Reliance Industries Ltd. is back in the $100 billion club, a journey that has taken more than a decade. Shares for the billionaire Mukesh Ambani-helmed company jumped as much as 5.8 per cent on Thursday, sending the market value to Rs. 6.9 lakh Read More
After a tribunal, on Monday, dismissed Cyrus Mistry’s appeal against Tata Group on his removal as chairman of Tata Sons, most of the group stocks ended higher in trade. Tata Consultancy Services (TCS), however, bucked the positive trend of other Read More
RITES shares made a strong market debut on Monday. RITES shares opened at Rs. 190 apiece and rose to as much as Rs. 224.40 on the BSE, a premium of more than 21 per cent from the issue price of Rs. 185. At 1:25 pm, RITES Read More
Stock markets have risen on the hope that a deal may finally be agreed between Greece and its creditors, after Athens submitted fresh proposals to try and avoid defaulting on its debts. Paris and Frankfurt markets were up 3.3%, Read More
Shares of Fitbit opened 52 percent above their IPO price on Thursday, putting it on track to rank among the top 10 stock market debuts of the year. The stock opened on the New York Stock Exchange at $30.40. Read More
Stocks rallied and Treasury yields declined as Janet Yellen maintained a dovish outlook in her press conference, emphasizing that even if the Fed raises rates it will be “gradual.” The Fed statement was almost a carbon copy of the April Read More
Plans by Coatue Management to spend $70 million on research this year has so far yielded three themes for long-term investing in technology. Philippe Laffont’s hedge fund firm wrote in a letter to clients of its long-only fund—it does not Read More
The love affair with restaurants continues. Fast casual chicken restaurant Wingstop priced 5.8 million shares at $19 in its initial public offering (IPO), a significant rise over the initial price talk of $12 to $14, which was then raised to Read More
May retail sales rose 1.2 percent, roughly in line with expectations. Auto sales were especially strong, up 2 percent. But the rebound was bigger than that. May retail sales Building/garden: up 2.1% Clothing stores: up 1.5% Online stores: up Read More
India’s financial market regulatory framework on Thursday got the top-most ratings from the global bodies of banking and capital market regulators, with RBI andSebi being rated better than their peers in China and the US. In the latest global Read More
