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Softbank-owned chip design company Arm set for year`s biggest IPO British chip design company Arm, owned by Japanese investment giant SoftBank, has filed for an IPO listing with Nasdaq, which is touted as the year’s biggest. Analysts expect Arm’s IPO to be the biggest of 2023. Last month, Bernstein analysts assessed Arm’s fair-market value to be about $40 billion, reports TechCrunch. SoftBank recently acquired a 24.99 per cent stake in Arm, reportedly at a valuation of more than $64 billion. Arm has developed and licensed high-...
Softbank-owned chip design company Arm set for year`s biggest IPO
Softbank-owned chip design company Arm set for year`s biggest IPO
Source: IANS
22/08/2023 11:30:53 AM
Oil prices up in July by 16 per cent; highest since Jan 22 The oil market witnessed a significant surge in prices by 16 per cent in July, the highest since January 2022, as per a report by Motilal Oswal Asset Management Company. Silver and gold prices also rose by 8 per cent and 3 per cent, respectively.  The crypto market was an exception to the green wave, as Bitcoin & Ethereum fell by 4 per cent, followed by the collapse of FTX, one of the largest global cryptocurrency exchanges. Both emerging and developed markets delivered posi...
Oil prices up in July by 16 per cent; highest since Jan 22
Oil prices up in July by 16 per cent; highest since Jan 22
Source: IANS
12/08/2023 8:49:07 AM
Nasdaq 100 index to get a makeover as `Magificent Seven` get too concentrated The Nasdaq-100 index is getting a fresh look, the media reported. The index comprises 100 of the largest non-financial companies listed on the Nasdaq and the popular Invesco QQQ exchange-traded fund tracks the index, CNN reported. Seven companies listed in the Nasdaq-100 accounted for roughly 51 per cent of the index as of June 3, according to a note by Louis Navellier, chairman of Navellier & Associates. The Nasdaq is looking to fix that problem -- without changing any of the st...
Nasdaq 100 index to get a makeover as `Magificent Seven` get too concentrated
Nasdaq 100 index to get a makeover as `Magificent Seven` get too concentrated
Source: IANS
15/07/2023 11:43:09 AM
Signs of overheating in small cap stocks There are signs of overheating in the small-cap space. Some leading mutual funds in the small-cap segment have stopped fresh lump sum investment in their schemes, says V. K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "This is an indication of froth building in this space. Investors should exercise caution chasing small-cap stocks. Liquidity can drive markets higher. So it makes sense to remain invested in this market. But optimism has to be tempered with so...
Signs of overheating in small cap stocks
Signs of overheating in small cap stocks
Source: IANS
12/07/2023 12:52:17 PM
Nasdaq to acquire financial services software company Adenza for $10.5 bn Nasdaq on Monday said it has acquired Adenza, a company that develops risk-management and related regulatory software for the financial services market, for $10.5 billion. Nasdaq acquired Adenza from Thoma Bravo, a leading software investment firm, in cash and shares of common stock. Upon the closing of the transaction, Holden Spaht, a Managing Partner at Thoma Bravo, is expected to be appointed to Nasdaq's Board of Directors, which will be expanded to 12 members, Nasdaq said in a s...
Nasdaq to acquire financial services software company Adenza for $10.5 bn
Nasdaq to acquire financial services software company Adenza for $10.5 bn
Source: IANS
13/06/2023 9:26:56 AM
F&O expiry expectations : Nifty index has been consolidating in between 17777 to 18250 zones from the last 18 trading sessions Says Mr. Chandan Taparia, MOFSL Below is F&O expiry expectations By Mr. Chandan Taparia, Head - Derivatives & Technical Research, MOFSL. Nifty index has been consolidating in between 17777 to 18250 zones from the last 18 trading sessions where declines are being bought but absence of follow up buying is clearly viable in the market. Before the recent consolidation, Nifty had corrected by around 1000 points from its life time high of 18887 to 17765 zones and Technically completed its 50% retracement...
F&O expiry expectations : Nifty index has been consolidating in between 17777 to 18250 zones from the last 18 trading sessions Says Mr. Chandan Taparia, MOFSL
F&O expiry expectations : Nifty index has been consolidating in between 17777 to 18250 zones from the last 18 trading sessions Says Mr. Chandan Taparia, MOFSL
Source: Motilal Oswal Financial Services Ltd
25/01/2023 10:59:18 AM
India`s guard rails against recession continue to be strong The just-concluded calendar year 2022 was tough on many fronts. The Russia-Ukraine war, rising inflation that led to interest rates rising sharply, volatile crude prices, and so on. And all of this happened coming out of over two years of massive disruption on the back of Covid. In such a scenario, it was just not possible to expect global markets to perform. They too were under pressure. Dow Jones lost 3,425.86 points or 9.43 per cent to close at 32,912.44 points. NASDAQ was indeed very w...
India`s guard rails against recession continue to be strong
India`s guard rails against recession continue to be strong
Source: IANS
7/01/2023 10:46:58 AM
Wall street posts fourth straight drop, Treasury yields rise as recession fears weigh U.S. stocks closed sharply lower to extend their three-day losing streak on Monday and Treasury yields advanced, with few catalysts to dissuade risk-off sentiment at the beginning of a likely low-volume, pre-holiday week. All three major U.S. stock indexes ended near their session lows as investors resumed last week's flight to safety, which was driven by recession worries and the Federal Reserve's renewed vow to keep interest rates at restrictive levels until the inflation beast i...
Wall street posts fourth straight drop, Treasury yields rise as recession fears weigh
Wall street posts fourth straight drop, Treasury yields rise as recession fears weigh
Source: Reuters
20/12/2022 9:14:20 AM
Cognizant acquires US-based management consulting firm AustinCSI IT major Cognizant on Wednesday announced that it was acquiring the management consulting company AustinCSI for an undisclosed sum. Based in Dallas, Texas, AustinCSI provides consulting services for Fortune 500 clients across industries. The privately-held company has more than 175 consultants who design and deliver cloud and automation solutions. "AustinCSI has built a stellar reputation by improving business outcomes for some of the world's most recognisable brands, partic...
Cognizant acquires US-based management consulting firm AustinCSI
Cognizant acquires US-based management consulting firm AustinCSI
Source: IANS
30/11/2022 12:44:32 PM
Nasdaq falls and dollar rises on investor caution The Nasdaq closed Friday's shorter session lower with pressure from Apple Inc, while the dollar gained as investors shied away from risk as they worried about consumer spending and monitored China's reaction to a resurgence of COVID cases. Frustration simmered among residents and business groups in China as the government set stricter COVID-19 control curbs just weeks after hopes for easing restrictions had been raised. And market heavyweight Apple's shares were weighed down...
Nasdaq falls and dollar rises on investor caution
Nasdaq falls and dollar rises on investor caution
Source: Reuters
26/11/2022 10:43:42 AM
Stocks gain as investor optimism over China COVID dents dollar Global stocks rose on Monday, despite Beijing's denial that it would consider easing its zero COVID-19 policy, which diverted investor flows away from the dollar ahead of potentially pivotal consumer inflation data this week. Risk assets bounced on Friday due to speculation China was preparing to relax its pandemic restrictions, but over the weekend health officials reiterated their commitment to the "dynamic-clearing" approach to COVID cases as soon as they emerge. "...
Stocks gain as investor optimism over China COVID dents dollar
Stocks gain as investor optimism over China COVID dents dollar
Source: Reuters
7/11/2022 8:23:32 PM
Global shares rise, U.S. dollar falls after strong jobs data Global shares rose on Friday and the U.S. dollar fell, after jobs data came in stronger than expected but also hinted at some slack in the tight American labor market, raising hopes the Federal Reserve might ease up on monetary tightening. Data from the U.S. Bureau of Labor Statistics showed the economy generated 261,000 jobs in October. That was higher than an estimate of 200,000, according to a Reuters poll of economists, but it also showed unemployment rising to 3.7% from 3.5% in Septem...
Global shares rise, U.S. dollar falls after strong jobs data
Global shares rise, U.S. dollar falls after strong jobs data
Source: Reuters
5/11/2022 9:57:07 AM
Cognizant closes Q3 with $4.9 bn revenue, to acquire OneSource Nasdaq listed Cognizant Technology Solutions (Cognizant) closed the third quarter with a 2.4 per cent revenue growth. According to Cognizant, the revenue for the Q3 went up to about $4.9 billion up from about $4.7 billion of Q3 2021. The company follows the calendar year as its accounting year. The earnings per share stood at $1.17 ($1.06 Q32021). "Revenue and bookings were below our expectations as company specific fulfillment challenges were compounded by the impact of an u...
Cognizant closes Q3 with $4.9 bn revenue, to acquire OneSource
Cognizant closes Q3 with $4.9 bn revenue, to acquire OneSource
Source: IANS
3/11/2022 9:58:29 AM
Nifty at 17000 & Sensex at 57300 - 500 range is a good level to start investing Says Sumit Chanda, JARVIS Invest Below is Quote on Sensex rises 1.8% By Mr. Sumit Chanda, CEO & Founder of AI-based investment advisory platform, JARVIS Invest “Our markets have been tracking the US markets over the past few days. The Dow and NASDAQ showed a sharp uptick even after the latest inflation numbers suggested future rate hikes by the FED. This response from our markets was expected. What is important right now is the commentary expected from the FED since their attempt to rein in inflation is not...
Nifty at 17000 & Sensex at 57300 - 500 range is a good level to start investing Says Sumit Chanda, JARVIS Invest
Nifty at 17000 & Sensex at 57300 - 500 range is a good level to start investing Says Sumit Chanda, JARVIS Invest
Source: PR Agency
14/10/2022 2:49:57 PM
Asian shares extend global selloff amid bets on more aggressive Fed Asian shares tumbled, the dollar held firm and the U.S. yield curve was deeply inverted on Wednesday, as a white-hot U.S. inflation report dashed hopes for a peak in inflation and fuelled bets that interest rates may have to be raised higher and for longer. U.S. Labor Department data showed on Tuesday the headline Consumer Price Index gained 0.1% on a monthly basis versus expectations for a 0.1% decline. In particular, core inflation, stripping out volatile food and energy prices, doubled ...
Asian shares extend global selloff amid bets on more aggressive Fed
Asian shares extend global selloff amid bets on more aggressive Fed
Source: Reuters
14/09/2022 8:30:26 AM
Asian stocks fall on nagging Fed rate hike worries Asian stocks tracked Wall Street losses and the yen fell on Friday as investors remained filled with uncertainty over how aggressively the Federal Reserve would raise interest rates to tackle inflation despite softer numbers earlier this week. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.10%, and Australia's AXJO was down 0.62%. Japan's Nikkei was the major outlier, surging 2.37% to its highest level since January as markets reopened following a national...
Asian stocks fall on nagging Fed rate hike worries
Asian stocks fall on nagging Fed rate hike worries
Source: Reuters
12/08/2022 9:38:44 AM
Stocks lose ground, Treasury yields climb after inflation data NEW YORK - The S&P 500 and Nasdaq finished in the red while Treasury yields rose as investors digested signs of cooling U.S. inflation and hopes the Federal Reserve could slow interest rate hikes against warnings that the battle with rising prices was far from over. Thursday's data showed U.S. producer prices (PPI) unexpectedly fell in July amid a drop in the cost of energy products. This followed Wednesday's surprise news that consumer prices (CPI) were unchanged in July ...
Stocks lose ground, Treasury yields climb after inflation data
Stocks lose ground, Treasury yields climb after inflation data
Source: Reuters
12/08/2022 8:56:39 AM
S&P 500 dips, Treasury yields rise and dollar rallies following robust U.S. jobs report NEW YORK - The S&P 500 headed lower, Treasury yields advanced and the dollar rose on Friday after the U.S. July employment report blasted past expectations, raising the odds of continued monetary tightening from the Federal Reserve. Wall Street pared losses as the session progressed. At close, the Nasdaq joined the bellwether index in the red and the blue-chip Dow reversed course to end in positive territory. [.N] Benchmark U.S. Treasury yields and oil prices headed higher as the st...
S&P 500 dips, Treasury yields rise and dollar rallies following robust U.S. jobs report
S&P 500 dips, Treasury yields rise and dollar rallies following robust U.S. jobs report
Source: Reuters
6/08/2022 9:23:55 AM
Shares take breather after Fed rally, dollar slips on yen  World shares consolidated a 6-week high on Thursday as investors scented a possible slowdown in the pace of U.S. rate hikes that had comforted bond markets and sent the dollar to a three-week low on the yen. Europe made an upbeat start as record-busting $11.5 billion profits from oil giant Shell sent commodities shares soaring, although momentum quickly faded ahead of what was expected to be some shaky euro zone confidence data later. The U.S. Federal Reserve had surprised no one ...
Shares take breather after Fed rally, dollar slips on yen
Shares take breather after Fed rally, dollar slips on yen
Source: Reuters
28/07/2022 8:27:56 AM
Nasdaq falls with dollar, oil rises; earnings, Fed in focus Nasdaq closed lower on Monday after a choppy session for U.S. equities ahead of a big week of technology earnings reports while oil prices rose and treasury yields edged higher as investors braced for a Federal Reserve interest rate hike. In currencies, the dollar index, which touched a 20-year high this month, was down slightly and gold also slipped. On Sunday, U.S. Treasury Secretary Janet Yellen said that while U.S. economic growth was slowing, a recession was not inevitable. Trea...
Nasdaq falls with dollar, oil rises; earnings, Fed in focus
Nasdaq falls with dollar, oil rises; earnings, Fed in focus
Source: Reuters
26/07/2022 8:40:17 AM
Stocks fall after touching six-week high, dollar weaker after U.S. data NEW YORK - A gauge of global stocks fell on Friday to end the trading week on a down note after five straight sessions of gains, while the dollar dipped against a basket of major currencies after soft data on U.S. business activity. Wall Street posted modest losses in early trading but declines on the S&P 500 accelerated as Big Tech names such as Meta and Alphabet lost ground in the wake of earnings from Snap Inc, which plunged 39.08%. Defensive sectors such as utilities and consumer s...
Stocks fall after touching six-week high, dollar weaker after U.S. data
Stocks fall after touching six-week high, dollar weaker after U.S. data
Source: Reuters
23/07/2022 9:33:01 AM
Dollar edges up as stocks rally, inflation data eyed NEW YORK - The dollar advanced modestly on Monday as a boost in risk appetite sent U.S. equities higher and kept gains on the safe haven in check ahead of a key reading on inflation later in the week. After touching a near twenty-year high of 105.01 on May 13, the dollar has eased back to around the 102 level, although Friday's strong payrolls report helped the dollar notch its first weekly gain in three. Ahead of the Federal Reserve's policy announcement on June 15, in whi...
Dollar edges up as stocks rally, inflation data eyed
Dollar edges up as stocks rally, inflation data eyed
Source: Reuters
6/06/2022 8:55:17 PM
Investors dip into riskier tech, crude at $120 LONDON - Wall Street was set to open higher on Monday, tracking gains in Asia and Europe as investors took expected interest rate hikes in coming days their stride for now despite crude oil hitting $120 a barrel. S&P 500 futures added 1% and Nasdaq futures 1.4%. U.S. listed shares in Chinese ride-hailing firm Didi Global surged 50% premarket after the Wall Street Journal reported that Chinese regulators were preparing to allow the mobile app back in domestic app stores. The ...
Investors dip into riskier tech, crude at $120
Investors dip into riskier tech, crude at $120
Source: Reuters
6/06/2022 8:30:50 PM
US stocks suffer longest losing streak since Great Depression US stocks are on their longest losing streak since the Great Depression by at least one key measure. The Standard & Poor's 500 index fell as much as 2.3 per cent on Friday, leaving it 21 per cent below the all-time high that it reached in January and essentially ending a bull market run that began in March 2020, RT reported. The S&P is considered the most accurate measure of US stock market performance, as it's broader-based than the 30-member Dow Jones Industrial Averag...
US stocks suffer longest losing streak since Great Depression
US stocks suffer longest losing streak since Great Depression
Source: IANS
22/05/2022 9:04:02 AM
Global stock markets fall amid concern over rising prices Stock markets in Asia and the US have fallen over concerns that rising prices could send the global economy into a slowdown, BBC reported. The US shares saw their biggest one-day drop since 2020 after downbeat earnings reports from some of America's biggest retailers. Target said unexpectedly high fuel and freight costs had cut into profits, which halved compared with a year ago. That followed a similarly downbeat update from rival Walmart earlier, BBC reported. Japan's be...
Global stock markets fall amid concern over rising prices
Global stock markets fall amid concern over rising prices
Source: IANS
19/05/2022 12:14:42 PM
Walmart to Target to FAANGM to crypto - the bears rule for now The NASDAQ composite index was at 13,619 on April 19. On Wednesday, just a month later, this cheerleader of technology stood mauled -- nearly 2,200 points down at 11,418. Over 16 per cent of investor wealth had vanished in a terrible April that seems to spill over. After notching its worst month since 2008 in April, the tech-heavy index continues to deflate this month too, with many in danger of seeing their gains from the pandemic's earlier phases, boosted by the remote-everything boo...
Walmart to Target to FAANGM to crypto - the bears rule for now
Walmart to Target to FAANGM to crypto - the bears rule for now
Source: IANS
19/05/2022 9:17:32 AM
Colliers hires another industry leader to strengthen its office leasing capability in West India MUMBAI – Leading diversified professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) today announced the appointment of Srikanth Nookala as Senior Director for its Office Services teams based in Mumbai, effective immediately. Srikanth joins from JLL India to further strengthen Colliers' capabilities in the region. Bringing his diverse expertise across the real estate sector, Srikanth will collaborate with Office Services senior leaders in Mumbai to nu...
Colliers hires another industry leader to strengthen its office leasing capability in West India
Colliers hires another industry leader to strengthen its office leasing capability in West India
Source: PR Agency
17/05/2022 12:06:18 PM
Dollar pause, China economy support pledge lift markets LONDON  - A dollar pullback from 20-year highs and Chinese authorities' pledge to support economic growth offered respite to battered equity markets on Friday, though Wall Street remained poised to open lower after lacklustre earnings from retail giant Amazon. World stocks remain on course for their worst month since March 2020 with a 5.8% loss, and while Asian and European stocks clawed their way higher, Nasdaq futures were down 1% by 1020 GMT and S&P 500 futures fell 0.7%. ...
Dollar pause, China economy support pledge lift markets
Dollar pause, China economy support pledge lift markets
Source: Reuters
29/04/2022 8:43:36 PM
U.S. stocks gain, oil dips ahead of NATO summit on Russia-Ukraine war BOSTON/LONDON  - U.S. stocks rose following choppy trading abroad on Thursday as the Russia-Ukraine war kept oil above $110 a barrel and investors watched a meeting of NATO leaders on Russia's invasion of Ukraine. Technology companies lifted U.S. stock indexes higher at the open on Thursday after a sharp fall in the previous session, with the tech-heavy Nasdaq Composite up 56.85 points, or 0.41%, to 13,979.45. The Dow Jones Industrial Average rose 143.9 points, or 0.42%, to 34,...
U.S. stocks gain, oil dips ahead of NATO summit on Russia-Ukraine war
U.S. stocks gain, oil dips ahead of NATO summit on Russia-Ukraine war
Source: Reuters
24/03/2022 8:41:43 PM
Stocks slide, commodities spike as Ukraine war shakes markets NEW YORK  -Data showing a vibrant U.S. jobs market strengthened the dollar and spurred commodity prices higher, but the war in Ukraine overshadowed the blowout report as the euro plunged on the worsening outlook for slower European economic growth. The U.S. unemployment rate fell to a two-year low of 3.8% as job growth surged in February, a bright spot for an economy that faces mounting headwinds from rising inflation, tighter monetary policy by the Federal Reserve and geopolitical te...
Stocks slide, commodities spike as Ukraine war shakes markets
Stocks slide, commodities spike as Ukraine war shakes markets
Source: Reuters
5/03/2022 9:02:00 AM
Wall Street set to slide as Russia sanctions hit world markets LONDON   - The Russian rouble tanked to fresh record lows on Monday while world stocks slid and oil prices jumped, as the West ramped up sanctions against Russia over its Ukraine invasion, with steps including blocking banks from the SWIFT global payments system. Russia's central bank raised its key interest rate to 20% from 9.5% in an emergency move, and authorities told export-focused companies to be ready to sell foreign currency as the rouble slid almost 30% to record low...
Wall Street set to slide as Russia sanctions hit world markets
Wall Street set to slide as Russia sanctions hit world markets
Source: Reuters
28/02/2022 6:56:47 PM
Stocks rally, oil dips as investors digest sanctions on Russia NEW YORK - Stocks around the world rebounded on Friday, the U.S. dollar fell and oil prices dipped as investors welcomed talk of renewed diplomacy after Russia's invasion of Ukraine, and as coordinated Western sanctions left Russia's energy sector largely untouched. On Thursday, worries about the invasion lifted oil prices past $100 a barrel for the first time since 2014. [O/R] Wall Street's indexes extended the previous session's rally with Nasdaq and the S&P 500 re...
Stocks rally, oil dips as investors digest sanctions on Russia
Stocks rally, oil dips as investors digest sanctions on Russia
Source: Reuters
26/02/2022 9:48:01 AM
Last year's winners are this year's losers in S&P index The change in the global equity market leadership looks ever more pronounced in terms of the shift from growth to value stocks, Jefferies analyst Christopher Wood said. Value stocks have now outperformed growth stocks by 16.1 per cent since mid-November as per the MSCI index, he said in his commentary, Greed and Fear. Overall, the current situation can best be summarised as the inverse of Goldilocks. It also continues to look ever more the case that the FANG stocks peaked as a percentag...
Last year's winners are this year's losers in S&P index
Last year's winners are this year's losers in S&P index
Source: IANS
19/02/2022 5:38:24 PM
Strong earnings eclipse surging euro zone inflation for now LONDON   - Strong earnings from tech giant Google gave shares a shot in the arm on Wednesday, helping to counter jitters over the pace of interest rate hikes as record high euro zone inflation piled more pressure on the European Central Bank. The STOXX index of 600 European companies rose 0.6%, up for a third straight session, to recoup nearly half its losses during January's global rout in shares. Crude oil eyed seven-year highs and the dollar eased, while on Wall Street,...
Strong earnings eclipse surging euro zone inflation for now
Strong earnings eclipse surging euro zone inflation for now
Source: Reuters
2/02/2022 7:03:01 PM
Strong U.S. earnings lift global equities amid inflation, geopolitical concerns WASHINGTON  - World stocks rallied on Friday as investors turned their eyes toward corporate earnings and ignored geopolitical turmoil and Federal Reserve tightening concerns. Strong earnings from tech firms including Apple, which rose nearly 7% after reporting record sales over the holiday quarter, buoyed U.S. markets during the session. All three major U.S. stock indexes closed higher. However, the pan-European STOXX 600 index closed down 0.99% on the day for a fourth week o...
Strong U.S. earnings lift global equities amid inflation, geopolitical concerns
Strong U.S. earnings lift global equities amid inflation, geopolitical concerns
Source: Reuters
29/01/2022 8:51:01 PM
Nasdaq falls into correction territory after 10% drop from record highs The US stock market fell on Friday as the sell-off in tech stocks intensified after Netflix posted lacklustre earnings -- with the Nasdaq Composite falling deeper into correction territory and posting its worst week since 2020, Forbes reported. The Dow Jones Industrial Average fell 1.3 per cent, around 450 points, while the S&P 500 lost 1.9 per cent, and the tech-heavy Nasdaq Composite fell 2.7 per cent. The Nasdaq fell further into correction territory -- over 10 per cent from its ...
Nasdaq falls into correction territory after 10% drop from record highs
Nasdaq falls into correction territory after 10% drop from record highs
Source: IANS
22/01/2022 6:55:37 PM
S&P 500, NASDAQ performance in Sep the worst since start of pandemic Wall Street logged its worst month of the year in September, and also ended its final trading day of the quarter in the red, CNN reported. Stocks have been extremely choppy in September, as investors grappled with an abundance of issues: high inflation expectations, rising bond yields, the pace of the economic recovery, America's debt ceiling, and China's corporate debt levels. September was the worst month this year for all three indexes. And for the S&P 500 and Nasdaq, ...
S&P 500, NASDAQ performance in Sep the worst since start of pandemic
S&P 500, NASDAQ performance in Sep the worst since start of pandemic
Source: IANS
1/10/2021 5:04:17 PM
ICICI Prudential AMC announces Rounding off of NAV up to four decimals under NASDAQ 100 Index Fund ICICI Prudential Asset Management Company (AMC) has announced change to the Scheme Information Document (SID)/Key Information Memorandum (KIM)/of ICICI Prudential NASDAQ 100 Index Fund (the scheme). ICICI Prudential Asset Management (AMC) announced that the Trustee of ICICI Prudential Mutual Fund has approved the rounding off of NAV up to four decimals of the scheme. All the other provisions of the SIDs/KIMs/SAI/addenda of the schemes except as specifically modified herein above remain ...
ICICI Prudential AMC announces Rounding off of NAV up to four decimals under NASDAQ 100 Index Fund
ICICI Prudential AMC announces Rounding off of NAV up to four decimals under NASDAQ 100 Index Fund
Source: Accord Fintech
29/09/2021 12:44:27 PM
ICICI Prudential MF introduces NASDAQ 100 Index Fund ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential NASDAQ 100 Index Fund, an open-ended index fund replicating NASDAQ-100 Index®. The NFO opens for subscription on September 27, 2021, and closes on October 11, 2021. The Entry load and the Exit Load is not applicable for the scheme. The minimum subscription amount is 1,000 plus in multiple of Re 1. The performance of the scheme shall be benchmarked against NASDAQ-100 TRI® and its fund manager is Priyanka Khandelwal....
ICICI Prudential MF introduces NASDAQ 100 Index Fund
ICICI Prudential MF introduces NASDAQ 100 Index Fund
Source: Accord Fintech
27/09/2021 11:53:21 AM
Sify Technologies to set up data centres with 200 MW capacity The Nasdaq listed Sify Technologies Ltd will be setting up 200 MW capacity data centres over the next four years with a mix of hyperscale and retail facilities, said a company official. The new data centres will come up in Mumbai, Delhi and Bengaluru where the demand is expected to be more both for colocation and cloud space given the concentration of financial traffic. Entering the data centre market in 2000, Sify over the years has built and operates 10 carrier-neutral data centres, c...
Sify Technologies to set up data centres with 200 MW capacity
Sify Technologies to set up data centres with 200 MW capacity
Source: IANS
22/09/2021 3:08:07 PM
World shares fall as markets await Fed meeting, taper timeline NEW YORK  - World shares fell on Friday after a week of mixed economic data and fears over the stability of growth and Asian markets put the focus on the U.S. Federal Reserve's timeline for tapering asset purchases. U.S. stocks ended sharply lower in a broad sell-off on Friday. All three major U.S. stock indexes lost ground, with the Nasdaq Composite Index weighed down as rising U.S. Treasury yields pressured market-leading growth stocks. The 10-year U.S. Treasury note yield br...
World shares fall as markets await Fed meeting, taper timeline
World shares fall as markets await Fed meeting, taper timeline
Source: Reuters
18/09/2021 9:29:02 AM
Investors scratch out stock gains while weighing covid concerns WASHINGTON -Investors managed to shrug off new concerns about China's economy, the coronavirus Delta variant and turmoil in Afghanistan to largely drive stocks higher while also boosting some more defensive investments. Wall Street rebounded after early losses on Monday to see two of its three major indices close higher, with the S&P 500 posting a new record high. The tech-heavy Nasdaq was the only index to end the day lower. The Dow Jones Industrial Average rose 110.02 poi...
Investors scratch out stock gains while weighing covid concerns
Investors scratch out stock gains while weighing covid concerns
Source: Reuters
17/08/2021 8:48:15 AM
Int`l Media Acquisition Corp. announces exercise, closing of over-allotment option in public offering International Media Acquisition Corp. announced the underwriters of its previously announced public offering of units have exercised their over-allotment option resulting in the issuance of an additional 3,000,000 units. The units began trading on The Nasdaq Capital Market ("Nasdaq") under the ticker symbol "IMAQU" on July 29, 2021. Each unit consists of one share of common stock, one redeemable warrant (with each warrant entitling the holder thereof to purchase thre...
Int`l Media Acquisition Corp. announces exercise, closing of over-allotment option in public offering
Int`l Media Acquisition Corp. announces exercise, closing of over-allotment option in public offering
Source: IANS
7/08/2021 12:01:04 PM
IMAC announces pricing of $200 million IPO on NASDAQ  International Media Acquisition Corp (IMAC) has announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Capital Market and will trade under the ticker symbol "IMAQU" beginning on July 29, 2021. Each unit consists of one share of common stock, one right to receive one-twentieth (1/20) of one share of common stock upon the consummation of an initial business combination, and one redeemab...
IMAC announces pricing of $200 million IPO on NASDAQ
IMAC announces pricing of $200 million IPO on NASDAQ
Source: IANS
29/07/2021 2:10:33 PM
Stocks hit record; U.S. Treasury yields hover above 5-month lows NEW YORK - A gauge of global stocks closed at a record on Monday and U.S. Treasury yields held above five-month lows touched last week as investors looked for signs on whether the Delta variant of the COVID-19 coronavirus could hamper economic growth. Last week, a bond market rally pushed the yield of the benchmark 10-year U.S. Treasury note to a five-month low of 1.25% as investors worried that climbing cases of the variant could slow the economic recovery. The yield had risen to as high ...
Stocks hit record; U.S. Treasury yields hover above 5-month lows
Stocks hit record; U.S. Treasury yields hover above 5-month lows
Source: Reuters
13/07/2021 8:34:57 AM
Asian shares rise after consumer confidence boosts Nasdaq to record high SHANGHAI (Reuters) - Asian shares rose and a gauge of global equities hovered near record highs on Wednesday after rising consumer confidence in economic recovery boosted the Nasdaq index to its highest-ever closing level. MSCI's global share index was set for a fifth straight month of gains on Wednesday. Its index tracking Asian shares outside Japan was set for a small monthly loss, but still on course for a fifth straight quarterly rise, its longest such streak since 2006-2007. Th...
Asian shares rise after consumer confidence boosts Nasdaq to record high
Asian shares rise after consumer confidence boosts Nasdaq to record high
Source: Reuters
30/06/2021 8:38:00 AM
S&P 500, Nasdaq dragged by tech as upbeat data fans inflation fears U.S. stocks ended lower on Thursday, with tech shares dragging on the S&P 500 and Nasdaq, as investors balanced concerns about inflation and the Federal Reserve reining in stimulus with relief about corporate tax hikes. The Dow posted a slight loss after five sessions of gains. Stocks rebounded somewhat after reports that President Joe Biden offered to scrap his proposed tax hike. In talks with Republicans, the Democrat offered to drop plans to hike corporate rates as high as 28%, and ...
S&P 500, Nasdaq dragged by tech as upbeat data fans inflation fears
S&P 500, Nasdaq dragged by tech as upbeat data fans inflation fears
Source: Reuters
4/06/2021 8:36:24 AM
Volvo Cars looking to list on Nasdaq Stockholm this year STOCKHOLM  - Swedish automaker Volvo Cars said on Wednesday it is considering listing on the Nasdaq Stockholm stock exchange this year. The company, which is owned by China's Geely Holding Group, also said it extended Chief Executive Hakan Samuelsson's contract to the end of 2022. Geely's Hong Kong-listed unit Geely Automobile and Volvo Cars scrapped a merger plan in February.
Volvo Cars looking to list on Nasdaq Stockholm this year
Volvo Cars looking to list on Nasdaq Stockholm this year
Source: Reuters
13/05/2021 9:47:44 AM