Latest Updates Around The World
Wall Street is gripped by concerns about AI disruption. It first started with investors dumping shares of software companies, but quickly spread to sectors seen as vulnerable to automation, leading to sharp losses in US stocks this week.The AI fear trade did not even spare sectors such as private credit, real estate agents, data analytics, […]
Agreements with the U.S. and European Union helped allay fears that geopolitics and tariff turbulence would continue to weigh on the $5.2 trillion market. However, this relief has done little to offset concerns about business fundamentals, especially after Indian stocks posted the worst returns among major global peers in January.Earnings growth has been lagging for […]
Fractal Analytics on Friday said it has raised Rs 1,249 crore from anchor investors ahead of its proposed initial public offering (IPO), after allotting 1,38,69,499 shares to 52 anchor investors at the top end of the price band of Rs 900 per share.The IPO opens for public subscription on Monday, February 9 and closes on […]
The rupee rose the most in seven years and Indian stock prices posted their biggest gain in nine months after Washington agreed to cut tariffs hurting shipments and foreign inflows as part of a long-awaited trade deal.News of the successful US-India deal saw both the Nifty and Sensex rise as much as 5% intraday. The […]
Manappuram Finance saw a bulk deal on Thursday, with existing investor Goldman Sachs selling over 65.27 lakh shares worth around Rs 190 crore. The shares were picked up by Morgan Stanley. In a separate transaction, CLSA sold 71.61 lakh shares in Sunteck Realty for Rs 269 crore, with Goldman Sachs and Morgan Stanley emerging as […]
Emerging Asia is attracting new demand as a relative refuge from geopolitical uncertainty elsewhere, even as some immediate risks have diminished. US President Donald Trump’s decision to suspend tariff threats against Europe over Greenland has calmed markets for the time being. As concerns about tensions in the Middle East and US actions in Latin America […]
Small-cap car retailer Landmark Cars saw an exit by Goldman Sachs and a share sale by Polar Capital Funds Plc on Thursday in separate bulk deals. Goldman Sachs sold nearly 13.75 lakh shares for around Rs 50 crore, while Polar Capital Funds sold 2.51 lakh shares valued at around Rs 9.3 crore. The sale of […]
French multinational BNP Paribas on Tuesday bought over 35.43 lakh shares in Tata Motors Limited (Tata Motors Commercial Vehicle) through a block deal. In the deal worth Rs 152 crore, the seller was Goldman Sachs.BNP Paribas bought these shares at a price of Rs 429.3 each through its subsidiary BNP Paribas Financial Markets. It was […]
Clean Max Enviro Energy Solutions Ltd., a renewable energy company backed by Brookfield Corp., is preparing to launch its initial public offering in February with a smaller deal size, according to people familiar with the matter.The Mumbai-based company is now planning an initial public offering of about $350 million to $400 million, down from a […]
