India’s Jana Small Finance Bank said on Monday that the TVS Venu Group, led by industrialist Venu Srinivasan, will acquire a 5.64% stake in the lender through the issuance of warrants worth 3.17 billion rupees ($32.9 million).The investment will be made through GWC Family Fund Investments, which is part of…
Liquidators for China Evergrande Group are seeking 57 billion yuan in damages from PricewaterhouseCoopers, accusing the auditing firm of negligence in its audit work related to the failed Chinese property developer, a Hong Kong court was told on Monday.The potential damages claim adds to the financial and regulatory pressure already…
The FTSE 100 Index has retreated sharply in the past few weeks and underperformed its global peers like the S&P 500, Nasdaq 100, and Kospi. It ended last week at 10,195, down from the year-to-date high of 10,931. This article looks at the key catalysts that will drive the Footsie…
Indian capital market stocks have emerged as one of the strongest-performing pockets of the market over the past year.The muted benchmark index performance has done nothing to limit the rally. At the time of writing, while the Nifty 50 has declined by 5.66% over the last year, the Nifty Capital Market…
Zeta Global stock price jumped by over 4% on Friday in a high-volume environment after the company joined the Open Semantic Exchange (OSI), an initiative by Snowflake. ZETA jumped to $17.6, its highest point since May 7 as focus shifts to the upcoming JPM Global Technology, Media, and Communications Conference.Zeta…
Chinese President Xi Jinping and US President Donald Trump emerged from their Beijing talks with very different public emphases.Trump described a set of concrete wins, from Boeing aircraft to energy, farm goods, financial market access and chip sales.Beijing’s official readout, by contrast, stayed broad, stressing “constructive strategic stability,” more cooperation…
Shares of Cisco Systems (CSCO) rose Friday, outperforming the broader market, after HSBC upgraded the networking giant and sharply increased its price target following the company’s stronger-than-expected fiscal third-quarter earnings report.Cisco shares gained about 2% during the session, even as the broader market weakened, with the S&P 500 falling roughly…
Investors are bailing on Datavault AI (DVLT) this morning mostly because the company’s outsized 443% year-over-year increase in Q1 revenue came in sharply below the Street estimates.DVLT ended its first financial quarter with $3.4 million in revenue, but analysts had called for a much higher $20 million.Meanwhile, at $0.09 per…
Shares of Intel (INTC) and Advanced Micro Devices (AMD) are bleeding red this morning amidst a broader macro-driven sell-off across the US semiconductor names.Investors seem to be taking profit following parabolic multi-week rallies that have seen valuations soar to historic extremes. In fact, UBS analysts labeled current multiples as “statistical…
More than 25 years after the dot-com crash wiped out trillions of dollars in market value, some of the same companies that once symbolised the excesses of the internet boom are once again at the centre of Wall Street’s hottest rally.Cisco Systems, Intel (INTC) and Corning — three companies whose…