Kaushiki 
On Wednesday, August 28, the conglomerate of renowned investor Warren Buffet, Berkshire Hathaway Inc., became the first US corporation outside the IT industry to surpass $1 trillion in market value. The company’s market capitalisation crossed the trillion-dollar threshold for the first time due to a 0.8% increase in shares. With a rebound that has outperformed … Read more
KEC International Ltd.’s stock rose more than 7% on Thursday following the company’s acquisition of contracts from the Middle East valued at Rs 1,171 crore. According to an exchange filing, the contracts comprise a 380 kV transmission line project in Saudi Arabia and a 400 kV transmission line project in the United Arab Emirates. In … Read more
Wall Street investors were not impressed by Nvidia’s guidance for the upcoming quarter, despite the chipmaker reporting second-quarter results that were mostly ahead of expectations. Following the bell, the business released its Q2 earnings. At the closing bell, the price of an Nvidia share was 2.1% down at $125.61 per share. But in the trade … Read more
On Wednesday, August 28, Vedanta Ltd. made public that the board of directors will convene the following week to deliberate and authorise the third interim dividend for the current fiscal year (2024–25). September 2 is the day of the board meeting, and September 10, 2024, is the fixed record date for the dividend. “…the meeting … Read more
The Indian markets regulator has cautioned investors about unrealistic estimates made by certain SMEs and expressed worries about dubious practices in the nation’s small and medium enterprise (SME) market. The Securities and Exchange Board of India (SEBI) observed in its advice that some promoters of small and medium-sized enterprises (SMEs) have been making public announcements … Read more
In intraday trading on Wednesday, shares of the state-owned Navratna business NBCC (India) shot up to 8.30 per cent, closing only Rs 6 short of its 52-week high of Rs 198.25, reached on July 9, 2024. The company’s announcement that the board will convene on Saturday, August 31, 2024, to deliberate a proposal for bonus … Read more
As his conglomerate continues to reduce its position in the second-largest US bank, Warren Buffett sold an additional $982 million of Bank of America Corp. stock. Since mid-July, Berkshire Hathaway Inc. has sold off a total of about 13% of the shareholding, bringing in $5.4 billion in revenue. In a late Tuesday regulatory statement, Berkshire … Read more
To earn 400 crore initially, Adani Enterprises Limited has started a public offering of secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of 1,000 each. According to an exchange filing, the company has also included a green shoe option that permits an oversubscription of up to ₹400 crore, increasing the maximum possible … Read more
With the energy sector feeling the effects of falling oil prices and investors assessing bank earnings forecasts following inconsistent results from some of Canada’s largest lenders, the country’s main stock index closed Tuesday down, retreating from a record high. The S&P/TSX composite index (.GSPTSE), on the Toronto Stock Exchange finished at 23,259.96, down 89.01 points, … Read more
The latest move by the short seller whose reports have shaken several high-profile firms, Hindenburg Research revealed on Tuesday a short position in Super Micro Computer and accused “accounting manipulation” at the developer of AI servers. The short seller, who has battled with billionaire investor Carl Icahn and Indian businessman Gautam Adani, is pitted against … Read more
