Sep 22, 2021 08:47 PM IST
Business software maker Freshworks create history by ringing the bell at Nasdaq MarketSite on September 22 as the company became the first Indian software as a service (SaaS) company to go public on the US stock exchanges.
- Sep 03, 2021 07:34 AM IST
The energy sector rose 2.5%, reversing much of the loss suffered during the first three days of the week. Thursday's performance was fueled by U.S. crude prices jumping 2% on a sharp decline in U.S. inventories and a weaker dollar.
- Aug 27, 2021 10:37 AM IST
The conditions are right for start-ups looking to list abroad through the SPAC route but the government is dragging its feet on the issue
- Aug 26, 2021 10:23 AM IST
Out of 48 international funds that Indian investors can invest, 12 invest in the US markets. Most of these invest in technology companies listed in the US markets.
- Aug 25, 2021 09:40 AM IST
ReNew Power Private Ltd achieved a market capitalisation of nearly $4.5 billion (about Rs 33,500 crore), the biggest listing for an Indian entity through SPAC route
- Aug 16, 2021 09:54 PM IST
The delay is likely to dampen hopes of investors like Tiger Global, Sequoia Capital, Lightspeed and many Indian startups who last month urged Prime Minister Narendra Modi to swiftly announce rules governing foreign listings that were given the go-ahead almost a year ago.
- Aug 06, 2021 05:23 PM IST
The transaction would further strenghten ReNew’s position in solar and wind energy generation for the Indian market, by funding medium-term growth opportunities. The proceeds would be used to support ReNew’s growth strategy, including the buildout of its contracted, utility-scale renewable power generation capacity, as well as to reduce debt.
- Jul 29, 2021 10:46 PM IST
Shares fell to $34 in early trading, far lower than the offer price of $38, which was at the lower of end of its initial price offering (IPO) range.
- Jul 29, 2021 09:07 PM IST
The company, arguably the breakout financial technology startup of its generation, priced its IPO on Wednesday at the lower end of its $38 to $42 range and raised $2.1 billion.
- Jul 29, 2021 11:03 AM IST
Robinhood’s revenue soared 245 percent last year to $959 million. It then hit $522 million in the first three months of 2021 alone, more than quadrupling from the year-ago level.
- Jul 29, 2021 09:39 AM IST
While the immediate damage may be curtailed to some extent, what is the guarantee that China will not change the rules of the game again?
- Jul 23, 2021 11:06 AM IST
The shares opened at $29.60, well above $24 at which the company sold roughly 8.34 million shares in it upsized IPO Wednesday.
- Jul 23, 2021 09:07 AM IST
A slew of surveys on July manufacturing are expected to show a slight softening of activity in Europe and the United States, though from very high levels, while Asia looks more vulnerable.
- Jul 13, 2021 07:15 AM IST
Financials, communication services and real estate were among the leaders of the 11 S&P 500 sector indexes.
- Jul 09, 2021 07:42 AM IST
As the bond market rallied on a flight to safety, all three major U.S. stock indexes tumbled. The Dow’s economically sensitive transports plunged 3.3%, its biggest daily drop since October.
- Jun 30, 2021 08:13 AM IST
MSCI's global share index was set for a fifth straight month of gains on Wednesday. Its index tracking Asian shares outside Japan was set for a small monthly loss, but still on course for a fifth straight quarterly rise, its longest such streak since 2006-2007.
- Jun 29, 2021 07:55 AM IST
Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.
- Jun 25, 2021 05:49 PM IST
Vimeo CEO Anjali Sud said the video software provider will invest more in India, with its Bengaluru office likely to be its biggest outside its headquarters in the US.
- May 25, 2021 09:39 PM IST
Stockal has made this task relatively simple for first-time investors who are looking to diversify
- May 13, 2021 09:55 PM IST
The Labor Department's data showed new claims for unemployment benefits fell more than expected last week as companies held onto their workers. A separate report showed producer prices increased more than expected in April, leading to the biggest annual gain since 2010.
- May 07, 2021 10:44 PM IST
Berkshire Hathaway share price is almost close to the highest level which Nasdaq can handle on its computer screen. Till now, the biggest possible number that Nasdaq can handle is $4,294,967,295.
- May 07, 2021 07:40 AM IST
Lifted by Apple Inc, the S&P 500 rose after a Labor Department report showed initial claims for state unemployment benefits totaled a seasonally adjusted 498,000 for the week ended May 1, compared with 590,000 in the prior week.
- May 05, 2021 07:58 AM IST
Highly valued technology-related companies including Microsoft Corp, Alphabet Inc, Apple Inc, Amazon.com Inc and Facebook Inc sold off across the board, with Apple falling the most by 3.54%. The Philadelphia Semiconductor Index also dropped by 1.6%.
- Apr 30, 2021 08:14 AM IST
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5% with both Japan and China falling ahead of a long weekend. Both markets will be closed through Wednesday.
- Apr 27, 2021 08:39 AM IST
The Nasdaq's record high close confirmed the end of an 11% correction in the index that began after its previous record high close on Feb. 12, with the index closing at a low on March 8.