BUSINESS
Investors Bet on Fed Rate Cuts, Fueling Best-Ever Month for US Stocks
At 3.2 per cent, inflation levels were considered "cool" by the Federal Reserve, which typically aims for a steady rate of around 2 per cent.
SpaceX Acquisition: Musk's Firm Invests $2.2 Million in Parachute Company, Reveals Report
This acquisition marks SpaceX's first publicly acknowledged purchase since 2021, when the company procured the small satellite company Swarm for a staggering $524 million.
Sweden Enters Recession as Q3 Records 0.3% Shrinking GDP
Statistics Sweden reported that the gross domestic product (GDP) experienced a decline of 0.3 percent in Q3 compared to the preceding quarter.
With India’s market cap to GDP ratio climbing to 1.2, valuations getting stretched
The market construct has turned clearly bullish aided by favourable global and domestic clues. A significant trend in the market is the comeback of Bank Nifty.
Real Estate Shares Reach Near 15-Year High Multiples
Despite the sector nearing the peak multiples of 2021, there's potential for upgrades in pre-sales estimates in the latter half of the year due to a favorable response from customers.
Central Bank Estimates War with Hamas to Cost Israel $53 Billion
The breakdown of the projected cost includes around 107 billion shekels for defense expenditures, 22 billion shekels for damage compensation, and 25 billion shekels for other civilian expenditures.
Gautam Adani Reclaims Spot Among World's Top 20 Billionaires
Adani's fortune experienced a remarkable upswing, soaring by over $6 billion during the surge in Adani Group stocks. The positive momentum persisted into the second day, with the majority of Adani Group companies showing gains on Wednesday.
Government to Initiate Historic Auction of Critical Mineral Blocks for Mining on November 29th
Critical and strategic minerals constitute indispensable components in the production of cutting-edge electronics, electric vehicles, renewable energy devices, defense systems, telecommunications, and the establishment of gigafactories. Traditionally fulfilled through imports, the current scenario sees China holding a near-monopoly in the critical minerals domain.
Binance Founder Restricted to US Stay Prior to Sentencing
Zhao's legal team argued for his freedom to travel, emphasizing that he willingly came to the US for his guilty plea. In a briefing, they highlighted his voluntary cooperation, countering the government's push for detainment. Notably, the government acknowledged the unusual nature of allowing a billionaire defendant, who has admitted guilt and faces potential prison time, to remain free.
BharatPe Achieves Profitability Milestone with Positive EBIDTA
The company's unwavering focus on streamlining expenses has played a pivotal role in its financial turnaround. BharatPe has effectively reduced its monthly cash burn from an average of Rs 60 crore in 2022-23 to a sustainable level, paving the way for a positive EBIDTA (Earnings Before Interest, Taxes, Depreciation, and Amortization).
Don't Miss
Advertisement