The shares of Deem Roll Tech debuted with a premium of 55% on the NSE SME platform on Tuesday. The stock listed at Rs 200 as against an offer price of Rs 129. Ahead of the listing, the company’s stock traded with a premium of Rs 88 in the unlisted market. The IPO, which is … Read more
India’s determined digital drive, which linked its villages to the internet at breakneck speed, also prompted what now seems to be rather premature obituaries of branch banking. More banks, contrary to expectations, are busy building brick-and-mortar presence across the country for access to something that has defined banking since it began: Deposits. “Thanks to core … Read more
TAMPA, Fla. (WFLA) — Fast food giant Wendy’s may adopt a “surge-pricing” model similar to that of ride-sharing companies, the company hinted during an earnings call last week. During a Feb. 15 investor call, CEO Kirk Tanner said the company plans to spend about $20 million to roll out digital menu boards to all restaurants … Read more
The initial public offer (IPO) of Platinum Industries opened for subscription today. The issue will be available for the public to bid till February 29. Ahead of the IPO, the company has garnered Rs 70.59 crore from anchor investors. Platinum Industries IPO review Analysts advised investors to subscribe to the issue over the company’s strong … Read more
Mumbai: The earnings upgrade-to-downgrade ratio has weakened over the past three months, with 251 companies in the Nifty 500 universe experiencing downgrades for FY24, compared with 152 upgrades, Bloomberg data showed. Among the Nifty 50 companies, 30 experienced downgrades, while 19 underwent upgrades in this period. A Bloomberg earnings upgrade or downgrade is the consensus … Read more
Mumbai: Kotak Mutual Fund will restrict flows into its small-cap scheme from March 4, joining the likes of Nippon and Tata in limiting investments into this product category as elevated share valuations have made it challenging for fund managers to handle continuous flows. The fund house said in a notice that fresh subscriptions through lumpsums … Read more
MIAMI: Emergency crews responded Monday after a letter containing an unidentified white powder was sent to the Florida home of Donald Trump Jr., the eldest son of former President and GOP front-runner Donald Trump. A person familiar with the matter said that results on the substance were inconclusive, but officials do not believe it was … Read more
WASHINGTON: An active-duty member of the U.S. Air Force has died after he set himself ablaze outside the Israeli Embassy in Washington, D.C., while declaring that he “will no longer be complicit in genocide.” The 25-year-old airman, Aaron Bushnell, of San Antonio, Texas, died from his injuries, the Metropolitan Police Department said Monday. Bushnell had … Read more
U.S. stocks ended with modest losses on Monday, as the focus shifted after last week’s AI-fueled rally to upcoming economic data that could affect the timing of the Federal Reserve’s expected interest rate cut. The release of January’s personal consumption expenditures price index (PCE)- the Fed’s preferred inflation gauge – on Thursday could dampen the … Read more
Hungary’s parliament voted Monday to ratify Sweden’s bid to join NATO, ending more than 18 months of delays that frustrated the alliance as it sought to expand in response to Russia’s war in Ukraine. The vote, which passed with 188 votes for and six against, was the culmination of months of wrangling by Hungary’s allies … Read more
