Posts in category Economic Times
Karnataka Bank approves Rs 600 crore QIP share allotment (28-03-2024)
Private lender Karnataka Bank’s committee of directors on Thursday approved the allotment of shares worth Rs 600 crore at a price of Rs 227 apiece to qualified institutional investors.
Macrotech Developers to raise Rs 125 cr through issue of debentures (28-03-2024)
Realty firm Macrotech Developers Ltd said it will raise Rs 125 crore through the issue of non-convertible debentures (NCDs). Macrotech Developers, which sells properties under Lodha brand, is one of the leading real estate developers in the country.
Oil prices advance on tighter supply outlook (28-03-2024)
Oil prices rose on Thursday, following two consecutive sessions of decline, as investors anticipated tighter supplies given the OPEC+ producer alliance is widely expected to stay the course on its current production cuts.
Dollar gains on euro with Fed’s Waller hawkish on rates (28-03-2024)
The dollar gained on the euro on Thursday after a U.S. Federal Reserve policy maker said he wasn't in a hurry to cut rates, while traders also prepared for key U.S. economic data due on Friday and squared positions for month- and quarter-end.
Britain to follow U.S. move to halve stock settlement time (28-03-2024)
Britain's stock markets should halve the time it takes to settle a share trade to stay competitive and complete this shift by the end of 2027, a report recommended on Thursday, a step the UK government has backed to play catch up with Wall Street.
These 9 stocks hit fresh 52-week highs; rallied up to 18% in a month (28-03-2024)
The 52-week high metric is essential for evaluating a stock's current value and predicting potential price fluctuations in the future.
Warburg Pincus exits IDFC First Bank, sells 2.3% stake for Rs 1,195 crore (28-03-2024)
Cloverdell Investment, an affiliate of Warburg Pincus, offloaded 15.9 crore shares at Rs 75.24/, according to bulk deals data on the BSE. On Thursday, the stock ended 3% lower on the BSE at Rs 75.39.
Tesla’s $350 billion stock slump shreds investor expectations (28-03-2024)
Reasons for the shares’ dismal run this year — down 28% compared to a 10% advance in the S&P 500 Index — are many. However, the biggest cloud looming over the EV giant is the slowdown in the demand for electric vehicles, which is happening just as competition from legacy carmakers and Chinese rivals is heating up.
Many people and companies have made millions on Trump media’s stock (28-03-2024)
The biggest beneficiary is Trump, the company's largest shareholder, whose stake is worth more than $5 billion, on paper. No other shareholder comes close, according to regulatory filings, but many of Trump Media's executives have seen their net worth swell this week, in some cases by many millions of dollars.
Vedanta debt to be divided among demerged cos in ratio of assets (28-03-2024)
Mining conglomerate Vedanta Ltd is on track for the demerger of its key businesses, including aluminium, into separate listed companies and allocation of debt across the demerged entities would be done in proportion to their assets, sources familiar with the matter said.