NYSE Financial News

The first bitcoin spot ETF is potentially closer to hitting the market after an appeals court ruled in favor of Grayscale in a highly anticipated case with the U.S. Securities and Exchange Commission (SEC) Tuesday.

Sun Pharma is looking to fully acquire its Israel-based unit Taro Pharmaceutical Industries in order to integrate the dermatology business with itself and keep it profitable amid increasing competition in the segment, according to Managing Director Dilip Shanghvi. The Mumbai-based drug major has proposed to fully acquire Taro through a reverse triangular merger. The company has issued a letter to the Taro board with a proposal containing a non-binding indication of interest to acquire all of the outstanding ordinary shares for a purchase price of USD 38 per ordinary share in cash.Sun Pharma currently owns around 78 per cent stake in Taro. «My own assessment is that the dermatology business, which is the primary focus for Taro, is a business under constant, increasing competition pressure,» Shanghvi said in an analyst call. He further said: «And as a stand-alone company, it will be very difficult for Taro as an independent company to continue to operate that business profitably. So that broadly is the reason why we felt that it's useful for us to consider integrating that with Sun Pharma.»

The combination of headwinds preying on the US stock market is screaming ‘correction’ so loudly that, interestingly, the only factor weighing against such a move from occurring might be the very fact that markets frequently defy expectations when a situation seems overly apparent.

The NYSE issued a notice to the workspace-sharing company in the spring after shares closed below an average of $1 over a 30-day trading span

Investing.com — WeWork (NYSE:WE) shares shed over a fifth of their value in early U.S. trading on Friday after the flexible workplace group announced that it would conduct a one-for-40 reverse stock split.

WeWork the troubled co-working company on the brink of collapse, is moving forward with a 1-for-40 reverse stock split in a bid to save its listing on the New York Stock Exchange.

Amcor, the world’s largest consumer packaging company, says the $US1.1 billion ($1.7 billion) in price rises pushed through to customers in the past 12 months are unlikely to be topped this year, but warned inflation has not been tamed.

The fight between the New York Stock Exchange and Nasdaq to win new stock listings is raging again, in another sign the market for initial public offerings is perking up after a long slumber. The Nasdaq recently won grocery-delivery company Instacart’s listing, set to take place before year-end, according to people familiar with the matter. The exchange also successfully wooed Arm, the big chip designer.

Nirmala Sitharaman said the government has decided to allow companies to list at the International Financial Services Center (IFSC) GIFT City to start with before expending this to other countries. Generally, companies incorporated and operating in a country are listed on local stock markets. However, some new-age companies require sophisticated investors who are willing to take big risks.

Federal Reserve rate hike that left the door open for future hikes, but the Dow scored a 13-day winning streak. The Fed lifted its benchmark overnight interest rate by a widely expected 25 basis points, marking the 11th hike in the U.S. central bank's past 12 policy meetings.

SES) has advised shareholders of listed pharma company Neuland Laboratories to vote against a resolution that seeks to appoint Sugata Sircar as an independent director since he is group chief financial officer of distressed green-energy firm Azure Power Global (APG), which needs Sircar's 100% time commitment to engineer a turnaround and meet statutory compliance deadlines. Sircar was appointed executive director and group CFO of Azure Power Global — the parent unit of an Indian renewable power generating company — from May 1, 2023. Before this, he was appointed independent director in October 2022.

The Securities and Exchange Commission wants corporate America to tell investors more about cybersecurity breaches and what's being done to fight them. Much more. 

Indian stock market on Friday last week. However, for information to our readers, Reliance shares don't trade on Dalal Street only. Reliance Industries Limited or RIL shares are listed on London Stock Exchange (LSE) as well.

Infosys shares may have a gap down opening in stock market's opening bell today. According to stock market experts, in Q1FY24 results, Infosys has cut down its revenue growth guidance to 1 per cent to 3.50 per cent.

Infosys posted a nearly 11% increase in first-quarter net profit, but missed analyst estimates and slashed its revenue growth outlook for the fiscal year, blaming spending cuts and delays in decision-making by clients, especially in the key financial services domain. India’s second-largest software exporter projected its revenue in fiscal 2024 to grow 1.0-3.5% in constant currency, or excluding exchange rate fluctuations, compared with the previous estimate of 4.0-7.0%, underlining the global macro challenges for the country’s storied sector which is seeing tepid demand for outsourcing services.

Azure Power Global's CFOs Sugata Sarkar and Pawan Kumar Agrawal assured bond holders in Singapore that the company should be able to publish its long-delayed results within 14 weeks and avoid a technical default. The company, majority-owned by Canadian pension funds CDPQ and OMERS Infrastructure, has until the end of this month to appeal the NYSE's delisting order, with the final decision expected after a potential three-month process.

guidance for FY24 to 1-3.5 per cent from 4-7 per cent amid an increasingly challenging demand environment, while operating margin or earnings before interests and taxes (EBIT) guidance was left unchanged at 20 per cent to 22 per cent. In a post-earnings press conference today, Infosys MD and CEO Sahil Parekh said, ‘’See some clients stopping or slowing down transformative programs.

The New York Stock Exchange plans to delist Azure Power Global Ltd., an Indian renewable-power firm controlled by Canadian pension funds that’s embroiled in a corruption investigation.

Aware Super has made its first data-centre play, cutting a $US500 million ($746 million) cheque to buy a stake in Switch after it was taken private by IFM Investors and NYSE-listed DigitalBridge for $US11 billion in December.

HANOI (Reuters) — Shareholders of Black Spade Acquisition, a special purpose acquisition company (SPAC) that planned to merge with Vietnam's electric automaker VinFast by this month to allow a U.S. listing, voted on Thursday to extend its lifespan by a year.

Major League Cricket (MLC), the recently established professional cricket league in the United States, marked its official inauguration by participating in the ceremonial ringing of the closing bell at the New York Stock Exchange (NYSE) on Thursday, July 6. This event signified the growing prominence and appeal of the sport in the United States, as it introduced top-tier T20 cricket to American audiences through a domestic league for the very first time.