Shocking Rakesh Jhunjhunwala News: Warren Buffett of India Dies at Just 62; backed gaming firm Nazara

The veteran stock market investor was a self-made trader. He invested in several established businesses and startups, including the country's newest airline Akasa Air.
#RakeshJhunjhun #AkasaAir #India #Finance #Investing #BusinessIndustrial


1 months ago

George Soros Reloads on Big Tech With Amazon, Google and New Tesla Bet

Philanthropist's investment firm bolstered stakes in amazon.cOm Inc., Salesforce Inc. And Alphabet Inc. All rank among its top 10 holdings as of the end of June, according to a regulatory filing.
#GeorgeSoros #cOmInc #Finance #Investing #BusinessIndustrial


1 months ago

Apple Inches Closer to Erasing 2022 Losses as Inflation Cools

Apple is close to erasing its losses for the year as softer-than-expected inflation data fueled a risk-on rally in the stock market. The iPhone-maker edged 2.6% higher to $169.24 as investors piled back into stocks on bets the Federal Reserve could dial back the size of future interest-rate hikes.
#Apple #iPhone #BusinessIndustrial #Finance #Investing


1 months ago

Tesla: Elon Musk agrees to rebuy Tesla stock if Twitter deal doesn't close

A user on the micro blogging platform asked him if he is selling Tesla stock. He replied, yes, and said he would repurchase the stock if the deal did not close.
#Tesla #BusinessIndustrial #Finance #Investing


1 months ago

China: All is well with Apple iPhone 14 supply chain production, says tech analyst

TF Securities analyst has made a string of apple-related claims recently. He said that apple will unveil its first ever mixed reality headset in 2023.
#TFSecurities #BusinessIndustrial #News #BusinessNews


1 months ago

musk: Here’s what CEO Elon Musk has to say on selling $6.9 billion worth of Tesla shares

Shares of the microblogging site rose 3.5 percent to $44.35 in premarket trading, but were still trading significantly below's offer price of $54.20 per share. Tesla shares were up 1.6 percent at $863.1 in early July.
#Tesla #BusinessIndustrial #Finance #Investing


1 months ago

Fintech: Indian fintech market to reach $1 trillion in AUM, $200 billion in sales by 2030

The Indianmarket is expected to log 10 times growth to achieve $1 trillion in assets under management (AUM) and $200 billion in revenue by 2030. The growth will be driven in the digital lending market.
#Indian #BusinessIndustrial #Finance #Investing


1 months ago

Not a Cashless Society: As prices rise, the Post Office says Britons are turning back to cash

Personal cash withdrawals rose almost 8% month-on-month to 801 million pounds ($967 million) The Post Office attributed some of the withdrawals to holiday makers needing cash for staycations. Bank of England warned on Thursday that a long recession was on its way as it raised interest rates by the most since 1995 to try to tackle inflation.
#PostOffice #Brito #BusinessIndustrial #News #BusinessNews


1 months ago

Microsoft-Activision Blizzard Deal Doubt May Yield Big Reward: Tech Watch

Microsoft Corp.’S purchase of Activision Blizzard Inc. Is bogged down, yet some traders are betting the deal ultimately will go through. The videogame company's shares are still almost 20% below the offer price. Stricter US antitrust regulators, the series of international approvals needed, a broad slump in technology stocks and the size of the $69 billion deal have contributed to keep the gap between Activision's price and Microsoft's $95-a-share bid stubbornly wide.
#MicrosoftCorp #Finance #Investing #BusinessIndustrial


1 months ago

Newly minted meme stock darling AMTD slides after eye-popping surge

The company's market capitalisation closed above $300 billion in a 128% jump on Tuesday. It reminds investors of the meme stock mania last year that drove record rallies in shares of companies such as GameStop and AMC. The stock has risen about 21,000% since its July IPO.
#GameStop #Finance #Investing #BusinessIndustrial


1 months ago

Robinhood: Robinhood shares increase following job cuts, smaller-than-expected loss

Shares ofrose more than 12 percent, a day after the commission-free brokerage announced job cuts. The company saw revenue fall 44 percent in the second quarter ended June 30 as trading volumes eased from last year's frenetic pace. Investors took note of the announcement via a blog post that it would commence another round of layoffs affecting 780 employees.
#Robinhood #BusinessIndustrial #Finance #Investing


1 months ago

YES Bank hits highest level since January 2021; stock soars 20% in 3 days

Shares of YES Bank moved 15 per cent higher to Rs 17.46, and hit the highest level since January 2021, on the BSE in Tuesday's intra-day trade. The bank announced to raise equity capital of around 1.1 billion (Rs 8,900 crore) from funds affiliated with two global private equity investors.
#YESBank #BSE #Finance #Investing #BusinessIndustrial


1 months ago

Adani Enterprises becomes 4th Group company to cross Rs 3 trillion m-cap

The stock hit a fresh record high at Rs 2,693.30, up 1 per cent on the BSE. In the past one month, the stock has rallied 20 per cent compared to 9.4 per cent rise in the S&P Sensex. The company operates as an incubator, establishing new businesses.
#S&PSensex #BSE #BusinessIndustrial #News #Finance


1 months ago

This Rekha Jhunjhunwala-owned stock hits all-time high, zooms 15%

Shares hit a fresh all-time high after they zoomed 15 per cent to Rs 735 in Monday's intra-day trade. At 11:25 AM, the stock quoted 14.3 per cent higher at Rs 730. The footwear major reported a consolidated net profit of Rs 105.78 crore in the quarter ended June 2022.
#BusinessStandardNews #BusinessIndustrial #News #BusinessNews


1 months ago

Amazon: US recession: Why Apple and Amazon results are important

Amazon's shares rose about 11 percent to $135.50 after the e-commerce giant forecast upbeat third-quarter revenue. Apple's stock rose more than 3 percent as the company said appetite forremained strong despite consumers' tightening spending. Analysts said weakness in consumer spending is not likely to send these firms into the red.
#Amazon #BusinessIndustrial #News #BusinessNews


2 months ago

YES Bank to raise $1.1 billion via stake sale to US private equity firms

India's Ltd said on Friday it will sell up to 10% stake to U.S. Private equity firms Inc and for $1.1 billion. Will raise the funds through a combination of about $640 million in shares and about $475 million in share warrants.
#India #Finance #Investing #News


2 months ago

Bajaj Finserv surges 10% after board approves 1:1 bonus, 1:5 stock split

Shares of Bajaj Finance surged 10 per cent to Rs 14,579.95 on the BSE in Thursday’s intra-day trade. Board approved 1:1 bonus issue and 1:5 share split on July 28, 2022. So far in July, the stock has outperformed the market by 33 per cent, as compared to 7 per cent rise in the S&P BSE.
#BajajFinance #BSE #BusinessIndustrial #Finance #Investing


2 months ago

Bitcoin: Tesla reveals $170 million loss from $1.5 billion Bitcoin investment

Recently revealed it incurred $170 million loss from its investments in the first six months of the year. Tesla also said it received a new subpoena from the Sec, related to Musk's tweets about taking the company private in 2018. Tesla added $936 million in cash to its balance sheet in the second quarter (Q2) this year.
#Musk #Tesla #Finance #Investing #BusinessIndustrial


2 months ago

HDFC Securities joins hands with Equitas Small Finance Bank to offer demat, trading services

Stock broking company HDFC Securities has partnered with Equitas Small Finance Bank to provide its clients with a demat account and broking investment services. The partnership will offer its customers a “3-in-1″ account for accessing the services of HDFC. The bank's customers would be able to open their demat and trading accounts.
#HDFCSecurities #Finance #Investing


2 months ago

Ex-L&T Infotech CEO Sanjay Jalona joins ChrysCapital as operating partner

Sanjay Jalona will be based out of the US and will work with the advisory team led by Akshat Babbar, in sourcing, identifying, evaluating, managing and exiting investments made in this sector. Jalona is well known in the tech industry for L&T Infotech's transformation into a technology consulting and digital solutions company.
#SanjayJalona #L&TInfotech #Finance #Investing


2 months ago