Posts in category Economic Times
Rupee gains for 3 straight sessions, settles at 83.57 (26-06-2024)
The yield on the 10-year benchmark bond increased slightly but remains within market expectations, closing at 7.00% on Wednesday.
Amazon hits $2 trillion in valuation on AI fervor, rate cut bets (26-06-2024)
The stock climbed 3.4% to $192.70, pushing the e-commerce giant’s market value past $2 trillion. This elevation places it alongside technology giants like Microsoft Corp, Apple Inc, Nvidia Corp, and Alphabet in the elite $2 trillion club.
Five entities sell 11% stake in Hindustan Foods for Rs 638 crore (26-06-2024)
Jwalamukhi Investment Holdings, Infinity Consumer Holdings, WestBridge AIF I, Sixth Sense India Opportunities 11, and Konark Trust sold shares of Hindustan Foods in five separate block deals on the National Stock Exchange.
Whirlpool shares jump 19% on report Robert Bosch is weighing bid (26-06-2024)
This year, Whirlpool, which owns brands like Maytag and KitchenAid, has experienced disappointing sales as U.S. consumers have reduced spending on major purchases. The company's stock has dropped 29% from the beginning of the year up to Tuesday's close.
Rivian jumps 36% as $5 bln Volkswagen investment signals ‘vote of confidence’ (26-06-2024)
The investment is set to reinforce Rivian's dwindling cash reserves, push the startup nearer to profitability, and enhance its competitive stance in a market led by Tesla. As part of the agreement, Rivian will establish a joint venture with Volkswagen that is equally managed by both companies. This partnership will involve sharing electric vehicle architecture and software, which could later be utilized by Volkswagen's brands such as Audi, Porsche, and Lamborghini.
Ahead of Market: 10 things that will decide D-Street action on Thursday (26-06-2024)
According to experts, financial and consumption stocks are currently gaining momentum due to enhanced balance sheets, robust GDP growth projections, and easing inflation. He noted that global market trends are reflecting similar patterns, with a general agreement on the likelihood of upcoming rate cuts.
Bosch weighs offer for appliance maker Whirlpool, say sources (26-06-2024)
German engineering group Robert Bosch is weighing a bid for U.S. appliances manufacturer Whirlpool, according to three people familiar with the matter, a move that would boost its position in the household appliances market.
Market Trading Guide: RIL, Sun Pharma among 5 stock recommendations for Thursday (26-06-2024)
The present upside momentum could find resistance at the highs of around 24,000-24,100 levels. One may expect the next round of consolidation or minor weakness to emerge from the highs.
BlackRock buys 9.46 lakh shares in Titagarh Rail for 153 crore via block deal (26-06-2024)
Bulk deal data from the BSE reveals that Rashmi Chowdhary sold more than 26.93 lakh shares at Rs 1,618 each, netting approximately Rs 436 crore from the transaction. Chowdhary, a promoter of the railway sector company, owned over 1.28 crore shares, representing a 9.52% stake as of the end of March, as per the shareholding information available on the NSE.