SunPower on Monday raised doubts about its ability to stay in business, saying that its breach of a key term in a credit agreement could prompt lenders to recall certain loans, sending its shares tumbling 23%. The company said in a regulatory filing that lenders may demand immediate payment of $65.3 million in debt after…
Shares of Bandhan Bank Ltd. traded 0.33 per cent up at Rs 254.75 at 01:25PM (IST) on Monday, even as BSE benchmark Sensex dropped 118.41 points to 71365.34. The scrip had settled at Rs 253.9 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 272.0 and Rs 182.2, respectively….
India’s benchmark equity indices, Nifty and Sensex, posted their longest weekly winning streak in six years on Friday, extending their rally to record highs, as global markets advanced on elevated bets of a US rate cut by March 2024. Both the NSE Nifty 50 index and BSE Sensex rose about 2.3% in the week, extending…
The unicorns and decacorns lining up for the long-awaited return of mega-listings in 2024 are worthy candidates. They were worthy this year, too – and yet, here we are. From Reddit Inc. to Syngenta Group to CVC Capital Partners, debuts meant to restore sickly global initial public offering activity to health have been pushed back,…
Kolkata: Morgan Stanley Asia (Singapore) Pte, WCM International, JNL Multi Manager International, Clearwater International and SBI General Insurance are among a group of 26 anchor investors which have put in Rs 285 crore collectively in Muthoot Microfin ahead of its Rs 960 crore initial public offer set to hit the market for on Monday. WCM…
Ankit is currently the Head of Investment Research at Mudrex, where he brings his extensive expertise in digital asset trading, portfolio management, and investment strategies. His proficiency extends to generating new alpha strategies across diverse asset classes and contributing to product and index development. Read more… Prior to his role at Mudrex, Ankit served as…
As markets staged a monster rally following the Federal Reserve’s shift toward loosening monetary policy, one corner of the financial system had reason to remain on edge. For participants in the overnight funding markets — a key conduit for bank borrowing and linchpin for determining interest rates — Wednesday’s policy meeting contained a more pertinent…
Shares of Ashok Leyland Ltd. rose 0.93 per cent to Rs 174.35 in Friday’s trade. It hit an intraday high of Rs 176.75 and low of Rs 174.05, respectively, during the day. The stock quoted a 52-week high price of Rs 191.45 and low of Rs 133.1. As of 12:23PM (IST), the counter saw total…
Indian benchmark equity indices hit all-time highs on Thursday, joining a global rally after the US Federal Reserve bolstered expectations of an interest rate cut in March 2024. The NSE Nifty 50 index rose 1.23% to 21,182, while the S&P BSE Sensex advanced 1.34% to 70,514. The 50-member Nifty index has now hit a record…
NEW DELHI: Shares of Bajaj Holdings & Investment Ltd. traded 0.79 per cent up in Thursday’s trade at 11:47AM (IST). Around 2,251 shares changed hands on the counter. The scrip opened at Rs 8286.9 and touched an intraday high and low of Rs 8341.0 and Rs 8167.25, respectively, in the session so far. The stock…
