Two emerging companies, Smartworks Coworking Spaces and Ecom Express, have recently filed their draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) as they prepare to launch their Initial Public Offerings (IPOs). Both firms are set to raise funds through the primary markets, with their shares slated to be listed on the Bombay Stock Exchange (BSE) and the…
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…
