The Nasdaq Composite index fell 2.2% on Friday, confirming a correction as it dropped 10.2% from its record high set on July 10. This decline reflects growing concerns over inflated valuations in the Big Tech sector and a weakening economy.
The Nasdaq’s latest drop was triggered by disappointing earnings forecasts from major tech companies such as Amazon and Intel, coupled with…
The National Payments Corporation of India (NPCI) successfully re-established retail payment connections for banks using C-Edge Technologies systems on August 1, following a significant ransomware attack on the technology provider. This restoration of services comes after NPCI’s comprehensive investigation into the incident.
Incident Overview:
Ransomware Attack: C-Edge Technologies experienced…
Tata Power Ltd shares reached a record high on Friday, defying a broader market downturn. The stock surged to Rs 470.85, up from the previous close of Rs 464.35 on the Bombay Stock Exchange (BSE), marking a significant milestone for the company. This surge comes as Tata Power’s market capitalization crossed the Rs 1.5 lakh crore threshold.
Key Highlights:
Record High: Tata Power shares peaked…
In the world of investing, the term multibagger refers to stocks that deliver returns several times their initial investment cost. These high-potential investments are characterized by their significant price appreciation, making them a coveted target for savvy investors. Understanding how to identify these stocks can be crucial for anyone looking to achieve substantial gains in the stock…
Finland is emerging as an attractive destination for Indian entrepreneurs looking to establish or relocate their tech startups. Ranked 14th on the Global Startup Ecosystem Index 2024 and 6th globally for innovation (Global Innovation Index – GII 2023), Finland offers a robust environment for technological innovation and business growth.
To support this ambition, Finland provides various…
Shares of Zomato Ltd., the prominent food delivery aggregator, surged by 19% to ₹278.7 after analysts revised their price targets following the company’s strong June quarter results.
Brokerage firm CLSA led the charge, maintaining a “buy” recommendation and raising its price target from ₹248 to ₹350, the highest on the street. CLSA also increased its earnings forecasts by 6% to 36% for…
Women entrepreneurs have been pivotal in America’s economic recovery from the Covid-19 pandemic. For three consecutive years, women have started about half of all new businesses, according to a 2023 report by the U.S. Senate Committee on Small Business and Entrepreneurship.
This momentum among women business owners is powerful and shows no signs of slowing down. As we approach the end of…
Mumbai-based fintech startup LXME has successfully secured $1.2 million in seed funding, spearheaded by Kalaari Capital. This investment aims to bolster the platform’s mission of fostering financial independence among women.
Kalaari Capital, led by Vani Kola, is known for its early investments in Myntra and Snapdeal. The investment was made through its CXXO initiative, which focuses on…
Byju’s, the cash-strapped ed-tech company, is moving towards resolving its financial dispute with the Board of Control for Cricket in India (BCCI). The company has made an initial payment of ₹500 million to the cricket board, according to reports.
The dispute over unpaid fees, which has been a major issue for Byju’s, is nearing resolution, with lawyers from both sides informing the National…
Punjab National Bank (PNB) has delivered impressive Q1 results, marked by a substantial 159% year-on-year increase in profit, driven by a sharp reduction in provisions and robust recoveries. The bank’s gross non-performing assets (NPAs) ratio has significantly improved, and its guidance for FY25 now forecasts a gross NPA ratio of 4%, down from the previous estimate of 5%.
Additionally, PNB has…
