Strategy Financial News

Aeroflex Industries IPO: The initial public offering (IPO) of Ashish Kacholia-backed company Aeroflex Industries Ltd has hit primary market today. The public issue will remain open for bidding till 24th August 2023. The company has fixed Aeroflex Industries IPO price at ₹102 to ₹108 per equity share and it aims to raise ₹351 crore from the initial public offer.

Also Read: SoftBank’s Arm files for IPO that is set to be 2023’s biggest Additionally, Goldman Sachs is also pursuing the sale of its fintech business, GreenSky, and has sold the bulk of its unsecured consumer loans after it halted this category of lending last year, the Reuters report added. The shift in the bank’s strategy comes after CEO David Solomon restructured the company into three distinct units last year.

Scrapping subsidies for electric vehicles would be counterproductive and make it harder for low-emission vehicles to gain a foothold in the Australian market, the peak EV industry body says.

Jio Financial Services fell 5% on debut Monday amid expectations of a flood of sale orders from passive funds which can't hold the shares anymore. But the company is confident of making strides in lending business with the best of technology. The shares which listed earlier than anticipated fell to ₹251.75 on the BSE, giving it a market value of ₹1.6 lakh crore, after opening trade at ₹265 apiece.

A class action complaint has been filed against Fenwick & West, LLP («Fenwick»), a prominent law firm, in the United States District Court, Northern District of California, San Francisco Division, on August 7, 2023. The complaint alleges Fenwick's involvement in the FTX disaster, described as «the largest financial fraud in US history.»

Goldman Sachs is exploring a sale of an investment-advisory business it bought four years ago, undoing another signature deal under CEO David Solomon’s ill-fated push to manage money for a broader set of customers.

In the first case involving the SEC's amended marketing rule, Tian has agreed to pay over $1 million to settle the charges, without admitting or denying the findings.According to the SEC, between August 2021 and October 2022, Titan, which offers multiple complex strategies to retail investors through its mobile trading app, made misleading statements on its website regarding hypothetical performance, including by advertising “annualised” performance results as high as 2,700% for its crypto strategy.The regulator says the adverts were misleading because they failed to include material information, for example, that the hypothetical performance projections assumed that the strategy’s performance in its first three weeks would continue for an entire year.The order also found that Titan made conflicting disclosures to clients about how it custodied crypto assets.Osman Nawaz, chief of enforcement’s complex financial instruments unit, SEC, says: "The Commission amended the marketing rule to allow for the use of hypothetical performance metrics but only if advisers comply with requirements reasonably designed to prevent fraud."Titan’s advertisements and disclosures painted a misleading picture of certain of its strategies for investors.

An SEC enforcement action against Titan Global Capital Management USA highlights the dangers investment advisors face when using hypothetical returns in their advertising, compliance experts said Monday.

BNB, the tokens that powers the Binance Smart Chain or BNB Chain, fell to its lowest level since July 2022 under $210 on Monday.

United Auto Workers (UAW) union Vice President, Rich Boyer revealed Sunday that Dodge-Chrysler parent Stellantis NV (NYSE:STLA) threatened to relocate production of their Ram 1500 pickup trucks from its location in metro Detroit to a facility in Mexico.

NEW DELHI : India’s first national policy on research and development in pharmaceuticals and medical technology sets out to create a ‘new drug discovery mission’, a move that would focus on Indian ailments and plug a gap in the world’s biggest manufacturer of generics. The policy also pushes the promotion of R&D in animal health care as about 70% of infectious diseases in the last three decades globally have originated in animals.

Think about the stock market: Some days, it performs strongly, reaching new highs, but on other days, it experiences drops that can dampen investor confidence. This continuous back-and-forth movement leads many to mistakenly choose short-term trading strategies and book huge losses.

Narendra Modi came to power in 2014. From being a net importer, India has become a net exporter of handsets. Elsewhere in Asia, the contest is over semiconductors.

Consider this a public service announcement for all treasure hunters: Uncle Sam wants a piece of your loot.

Team India on Monday finally announced its squad for the upcoming Asia Cup and now it is more or less confirmed that the selection committee under Ajit Agarkar will select the squad for the ODI World Cup from this list of selected players. Tilak Varma made it to India's Asia Cup squad on the back of his strong performance against West Indies during the tour that ended this month. Talking about the World Cup squad, Ajit Agarkar said at the press conference, "It is a no-brainer.

the future of self-driving cars and shares the most important thing his mentor Barry Diller taught him. What’s the first thing you do after waking up? I sprint to the coffee machine to turn it on. I still haven’t figured out that timer thing, so I physically push the button to get as much coffee as quickly as possible.

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.

Investing.com — Goldman Sachs Group (NYSE:GS) is looking into a possible sale of its investment advisory operations it acquired almost half a decade ago, according to media reports on Monday, as the banking giant steps back from efforts to tap into a broader customer base.

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, signed a power purchase agreement (PPA) for 9MWp on-campus solar plant with Tata Motors’ Pantnagar plant in Uttarakhand, the company said in a statement. This solar plant will be the largest on-campus solar facility in the state, it added. The solar installation includes an effective approach towards Tata Motors sustainable future goals, with an estimated carbon emission reduction of 25 tonnes of CO2/kWp in Uttarakhand.

By Samuel Indyk

A dual survey of U.S. wealth management and asset management professionals shows a strong expectation of recession in the coming months.