City Its Financial News

31.07 / 02:21

markets COST UPS Platform Racing NVIDIA reports Microsoft sinks, chipmakers climb as AI rally faces divide

quarterly results from Microsoft melted $340 billion of stock market value on Tuesday from it and rival heavyweights racing to dominate artificial intelligence technology, while Nvidia and other AI chip sellers rallied after results from Advanced Micro Devices. The gains in chipmakers and losses in their biggest customers underscored a divide in the AI landscape, with investors recently questioning whether Wall Street's AI rally may have become overextended.

30.01 / 01:37

markets IPO Provident Action security Trade electronic Why this company is a strong bet on India's capital market growth

Subscribe to enjoy similar stories. The Indian stock market has undergone a radical transformation in recent years. With retail investors flooding the markets, a booming IPO landscape, and rising financial literacy, a quiet but powerful enabler has emerged at the heart of this shift—Central Depository Services (India) Ltd (CDSL).

13.07 / 07:56

markets UPS Provident Target FIVE Aware Vedanta may raise Rs 6,000 crore via QIP

Vedanta Ltd is likely to hit the market in the next couple of weeks to raise money through a qualified institutional placement (QIP) route, sources aware of the development said. The move aims to reduce debt and fulfil certain capital expenditure obligations. Earlier in May, the board of the natural resources major had approved fund raising of up to ₹8,500 crore, which then got shareholder approval in June. The company could, however, raise a lower amount of around ₹6,000 crore, the people said. A final decision on the quantum of the share issue has yet to be taken.

03.04 / 00:43

UPS SEC Action Remark crypto regulation Trade Sec Chair Sab 121 SEC Commissioner Hester Peirce Calls Out SAB 121, Claims Agency is “Scaring People Off”

SEC Commissioner Hester Peirce criticized her own agency and its controversial staff accounting bulletin, SAB 121, during Tuesday remarks at the Practicing Law Institute’s 2024 SEC Speaks annual event, claiming the federal agency is “scaring people off.”

06.11 / 13:46

Provident Booking Software Experts Bajaj Finance launches QIP issue; floor price set at Rs 7,533.81/share

Bajaj Finance Ltd said that the company has launched the share sale programme for qualified institutional buyers on Monday, and the floor price for the same has been set at Rs 7,533.81 a share. The floor price is at a marginal discount to the closing price of the stock.

05.08 / 12:05

Punjab & Sind Bank Q1 Results: Net profit falls 25% to Rs 153 crore

Sind Bank on Saturday reported a 25 per cent decline in net profit to Rs 153 crore for the June 2023 quarter, partly due to the provision of wage revision and fresh slippages. The lender had reported a net profit of Rs 205 crore in the April-June quarter of 2022-23. The total income increased to Rs 2,494 crore in the first quarter of 2023-24 against Rs 1,915 crore a year ago, as per a regulatory filing.

02.05 / 06:03

UPS HSBC HSBC’s investment bank up 20% as profit triples on higher interest rates

HSBC's investment bank revenue surged by 20% in the first quarter, as the UK lender saw an increase in both trading and dealmaking fees during the period.

25.10 / 08:31

UBS dealmaking UBS’s dealmaking fees tumble by 60% follow Wall Street declines

UBS's fees from dealmaking slipped by nearly 60% in the third quarter, kicking off an earnings season for major European investment banks after a slump at Wall Street rivals.

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