Domestic investors are tightening their grip on the ownership of listed companies. The gap between the shareholding of domestic institutional investors (DIIs) and foreign portfolio investors (FPIs) narrowed to 13.11
Continue reading »India core to our products and services: JPMorgan Chase CIO Lori Beer
For Lori Beer, chief information officer, JPMorgan Chase & Co, largest banker in the US, India is a big part of the organisation’s global technology footprint and is core to
Continue reading »Wall Street Might Open Lower
Early signs from the U.S. Futures Index suggest that Wall Street might open lower on Monday. Consumer, and Producer prices as well as Inflation data will be of interest to
Continue reading »Japanese investment giant SoftBank may partially exit Ola, Swiggy, FirstCry
Japanese investment giant SoftBank is looking to partially exit from three startups which are aiming at an IPO next year — Ola Electric, Swiggy and First Cry. But its decision
Continue reading »Asian Shares Mixed In Cautious Trading
Asian stocks turned in a mixed performance on Monday amid interest rate uncertainty and concerns over a possible government shutdown in the U.S. The dollar and Treasuries gained ahead of
Continue reading »Growth and margin uptick critical for gains in Divi’s Laboratories
The September-quarter (second quarter of financial year 2023-24, or Q2FY24) performance of Divi’s Laboratories fell short of analyst expectations, especially on the profitability metric. Rise in input costs, inventory write-off,
Continue reading »U.S. Stocks May Move Back To The Upside In Early Trading
After coming under pressure in the latter half of the previous session, stocks may move back to the upside in early trading on Friday. The major index futures are currently
Continue reading »AstraZeneca: Truqap Plus Faslodex Approved In US For HR+ Breast Cancer
British drug major AstraZeneca Plc. (AZN.L,AZN) announced Friday that the U.S. Food and Drug Administration or FDA has approved its Truqap (capivasertib) in combination with Faslodex (fulvestrant) to treat patients
Continue reading »Asian Shares Retreat As Yields Climb On Powell Comments
Asian stocks declined on Friday as a jump in U.S. bond yields following a disappointing Treasury auction coupled with Fed Chair Jerome Powell’s cautious comments on the rate hike path
Continue reading »U.S. Homebuilder Confidence Unexpectedly Slumps To 11-Month Low In November
With mortgage rates approaching 8 percent earlier this month, the National Association of Home Builders released a report on Thursday unexpectedly showing a continued deterioration in U.S. homebuilder confidence in
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