Exodus Financial News

Ola Electric's chief product and technology officer Suvonil Chatterjee and chief marketing officer Anshul Khandelwal have resigned from their posts, the company said in an exchange filing.

According to Teneo's latest CEO and Investor Outlook Survey, 56% of UK-based businesses took into account listing abroad in 2024, up from 27% a year before. The latest figures came after a year which saw the London Stock Exchange suffer its largest exodus since the 2009 financial crisis. According to data from the London Stock Exchange Group, a total of 88 companies have delisted or transferred their primary listing from London's main market in 2024, with a mere 18 taking their place.  Over the past couple of weeks, FTSE heavyweight Ashtead Group became the latest company to announ...

According to a Reuters source, the e-commerce giant is exploring this option in order to facilitate its widely-anticipated float on the London Stock Exchange. Friday Briefing: And the exodus continues? If approved, this would likely mark the first time a company has been permitted to list below the 10% rule. Shein is expected to float with a £50bn market cap next year. Its potential launch on the LSE follows controversies surrounding two cases of child labour that the Singapore-headquartered retailer said it had found in its supply chain back in August. FCA pressed to block S...

Speaking exclusively to PTI during his recent visit to the city to participate in a curtain-raiser event of the 16th edition of the Apeejay Kolkata Literary Festival, where his latest title 'Chhaunk: On Food, Economics and Society' was launched, Banerjee said he felt India's «explicit political preference for Hindu migrants from Bangladesh» is what prompted the population to leave their homeland in the past, rather than the attacks on the community. «People always leave for another country where they have their families or to a richer nation where the economic opportunities are higher,» the Nobel laureate said, «I am not surprised that Hindu Bengalis have left Bangladesh and settled in, say, large pockets of Assam because of India's overt preference for Hindus instead of Muslims.»

National Capital Region (NCR) are urging the government to lift a pollution-related ban on construction, citing the exodus of labourers from the region due to lack of work opportunities. Several builders said the Commission for Air Quality Management (CAQM) should consider recent improvements in air quality and permit continuation of construction activity, particularly for RERA-registered projects. “Everything has come to a standstill; real estate is not just about builders; more than 150 industries are associated with it. Their business is impacted severely. Instead of banning construction every year, the government should come up with a permanent solution so that those relying on daily earnings are not impacted,” said Harsh Vardhan Bansal, president, The National Real Estate Development Council (NAREDCO) Delhi.

Elon Musk's social media platform, X (formerly known as Twitter) is experiencing a significant user exodus as many users are migrating to alternatives like Bluesky and Meta's Threads, reported Futurism. Following the recent US Presidential elections, where Elon Musk's support for US President- elect Donald Trump became more pronounced, an estimated 1.8 million users deactivated their accounts which marked the largest departure since Elon Musk's acquisition in the year 2022. According to Futurism, this mass exit has been fueled by dissatisfaction with the platform's environment, which many users describe as increasingly hostile due to rising hate speech, misinformation and politically charged content. Also Read: Age-defying makeover: Did Lindsay Lohan spend $300,000 on plastic surgery? Fans gush about her new youthful look; here's how she looks now and what doctors are saying

money-market funds, according to reports. Apollo chief economist Torsten Slok is of the opinion that the rate cuts can trigger a $2 trillion exodus from money-market funds, with assets held in money-market funds hit an all-time high of $7 trillion this month. With the Fed Reserve cutting interest rates, money will start moving out of these funds, and will generate more value when it enters higher-yielding assets during a folio shift. Asset relocation like these could help generate more value, but it may necessarily not be a great news for stocks and the US stock markets, but would instead result in inflows into the credit markets, according to a Business Insider report.

Subscribe to enjoy similar stories. A decade ago, in June 2014, The Atlantic published The Case for Reparations, Ta-Nehisi Coates’s much-lauded essay about housing and financial discrimination against African Americans.

Weekly Tech Recap: With the constant bombardment of news throughout the week, it’s hard to keep track of the biggest events. To help you stay informed, we’ve compiled the Weekly Tech Recap, where we highlight the top stories that made waves in the world of technology.

Donald Trump and Elon Musk were close to each other and both have together worked in tandem in order to win the US Presidential elections 2024. However, this is not just enough as Trump, in a 'rewarding sort of things', announced that Elon Musk would be heading the 'Department of Government Efficiency', an all-new federal wing under the White House that will be looking at cutting down federal government expenses and its way of tacking the multi-trillion dollar expense budget of the country. Meanwhile, amid all this social media users on X are questioning Donald Trump and Elon Musk's partnership, and looking at the times ahead, a massive exodus is ongoing where users and brands like The Guardian and Don Lemon are busy announcing their departures from Musk-led X. alternative text-based social media apps like Bluesky and Instagram’s Threads are also being seen as viable options to shift to at the moment for X users, and account numbers at X is taking a hit looking at these factors. For the record, Bluesky is currently the no. 1 free app on Apple’s App Store, directly ahead of Threads in terms of usage, according to an NBC News report. According to some social media users, using X during and after the election was a major pain, as it kept being an ardent Elon Musk-backer, and it was 'slowly becoming a place where they weren't really getting what they wanted out of it anymore.'

Elon Musk has been the biggest beneficiary of Donald Trump's win in United States' elections, however, his social media platform X is now witnessing an exodus with celebrities and news organisations moving to Twitter founder's Jack Dorsey app. Among the largest beneficiaries of that desire is Bluesky, a rival service that has gained more than 1 million new users in the week since the election, a company spokesperson, Emily Liu, said Tuesday. The majority of the new users live in the United States, Canada and Britain, she added. «We're seeing increased activity levels across all different forms of engagement,» she said in an email.

Foreign institutional investors (FIIs), who had sold Indian stocks worth about Rs 94,017 crore last month, continued to hit the sell button in November where the outflow was around Rs 23,398 crore in the first six trading sessions of the month. Till Thursday, FIIs were net sellers to the tune of Rs 19,994 crore, according to NSDL data. Friday's session saw foreigners offloading another Rs 3,404 crore.

Subscribe to enjoy similar stories. Foreign institutional investors (FIIs) have unloaded a record ₹1.1 trillion worth of Indian shares from the cash market this October, marking the heaviest monthly outflow yet and rattling investor sentiment.

Indian rupee ended nearly unchanged on Friday, managing to hold its ground in the face of weakness in Asian peers and a fall in local stocks, on account of likely dollar sales by the Reserve Bank of India. The rupee closed at 84.08 against the U.S. dollar, close to its record low and nearly unchanged from its close of 84.0775 in the previous session. The currency was little changed week-on-week.

Geddes' words of warning come as the government faces a balancing act in the upcoming 30 October Autumn Budget as it looks to raise tens of billions to plug a public spending gap. A raft of tax and pensions changes are expected, including across inheritance tax (IHT), CGT, and on the pensions tax-free lump sum. In comments shared with PA, Geddes warned that CGT increases could put people off from setting up businesses in the UK and could spur an exodus, with some looking to head abroad. Government to target inheritance tax raises in Autumn Budget – reports Evelyn Partners survey...

Jane Fraser, CEO of Citigroup, likes Andy Sieg. She regularly praises him during the bank's investor calls and notes his importance to reshaping the bank's wealth management business, where costs still consumed 85% of revenues in the second quarter. 

Subscribe to enjoy similar stories. Mumbai: The Nifty snapped a three-day losing streak on Friday, but posted the longest weekly losing streak of this year on relentless selling by foreign institutional investors (FIIs), who have flocked to China beginning late last month chasing a stimulus-led recovery in the world's second -biggest economy. Analysts expect the intense battle between bulls and bears to continue amid tepid earnings and muted sentiment among direct retail investors.

Canada’s health care system is struggling to hold on to young workers, with the number of nurses leaving the profession before they turn 35 up sharply in recent years, according to a report released by the Montreal Economic Institute.

OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

YSRCP, the opposition party in Andhra Pradesh, continues to suffer a steady stream of desertions from the party's top leaders, Rajya Sabha members, corporators and others. This exodus phenomenon started prior to the 2024 general elections and continues to be unabated even after four months of the new NDA alliance of TDP, BJP and Janasena forming the government in the southern state. Nearly half a dozen MPs quit the party before the polls, some of whom, such as L Sri Krishnadevarayalu and M Srinivasulu Reddy, went on to be re-elected as TDP MPs. The latest high-profile exit, by B Srinivasa Reddy, is a major jolt to the party.