New Delhi, Jan 30 (SocialNews.XYZ) Global investment firm Fidelity has further marked down the value of its holding in social commerce platform Meesho, to $3.5 billion. Fidelity had recently cut the valuation of Meesho to…
New Delhi, Jan 30 (SocialNews.XYZ) Geojit Financial Services Chief Investment Strategist V. K. Vijayakumar said in the near-term, expectations regarding the budget will influence the market. Market does not expect any major changes in taxation…
San Francisco, Jan 30 (SocialNews.XYZ) After Epic Games CEO Tim Sweeney and Spotify CEO Daniel Ek, Microsoft has also criticised Apple App Store changes in the EU, calling those “a step in the wrong direction.”…
San Francisco, Jan 30 (SocialNews.XYZ) iRobot, which makes consumer robots, has announced to lay off around 350 employees — about 31 per cent of its workforce — and its founder and CEO, Colin Angle, would…
New Delhi, Jan 29 (SocialNews.XYZ) Amid a challenging macro-economic and operating environment and high base effect in some of its operating segments, ITC Limited delivered resilient performance during the quarter ended December 31, 2023. ITC’s…
New Delhi, Jan 29 (SocialNews.XYZ) The India Economy Review prepared by the Ministry of Finance said that the agricultural sector — which is estimated to constitute 18 per cent of India’s GVA in FY24 –…
New Delhi, Jan 29 (SocialNews.XYZ) The Finance Ministry said on Monday that it now appears very likely that the Indian economy will achieve a growth rate at or above 7 per cent for FY24, while…
Mumbai, Jan 29 (SocialNews.XYZ) Nifty ended the first day of the week with its biggest single-day gain since December 4 with heavyweight Reliance Industries contributing the most to the gains, Deepak Jasani, Head Retail Research…
New Delhi, Jan 29 (SocialNews.XYZ) Two important events are due this week: the interim Budget and the Fed meeting on rate decision. But these events are unlikely to impact the market in a big way,…
New Delhi, Jan 28 (SocialNews.XYZ) Markets last week had a truncated trading week with just three trading sessions. The opening day and closing days of the week were trading holidays with the first being a…
New Delhi, Jan 28 (SocialNews.XYZ) Geojit Financial Services Head of Research Vinod Nair said, “In response to a mixed global market trend, the retreat in the market was pronounced, with significant declines in IT and…
Mumbai, Jan 28 (SocialNews.XYZ) Markets had a stellar performance in the calendar year 2023. Can they repeat their performance in 2024? Seems unlikely. We have a number of imponderables, geo political news, uncertainty and of…
Mumbai, Jan 28 (SocialNews.XYZ) Markets in India were on a roll during the calendar year 2023. The interesting part of the rally last year was the outperformance by many lengths of the midcap and Smallcap…
San Francisco, Jan 27 (SocialNews.XYZ) Logistics company Flexport is reportedly planning additional layoffs, around 20 per cent of its workforce. According to a report in The Information, Flexport is likely to trim its workforce in…
Mumbai, Jan 27 (SocialNews.XYZ) Private sector lender Yes Bank on Saturday reported an over 4-fold jump in net profit to Rs 231.6 crore for the Oct-Dec quarter of the current financial year. The bank had…
New Delhi, Jan 27 (SocialNews.XYZ) Flipkart co-founder Binny Bansal has officially exited the e-commerce platform’s board after more than 16 years. Sachin Bansal, the other co-founder, left the board in 2018. After leaving Flipkart, Sachin…
New Delhi, Jan 26 (SocialNews.XYZ) In conjunction with the state visit of the French President Emmanuel Macron to India, Akasa Air and France origin company, CFM International on Friday announced an agreement to purchase CFM…
London, Jan 26 (SocialNews.XYZ) Shares in Tesla plunged as much as 11 per cent after the market opened, wiping $73 billion off the company’s market value hours after it warned of slowing growth in electric…
Washington, Jan 25 (SocialNews.XYZ) The US economy remained shockingly robust in the fourth quarter to close out a remarkably strong 2023, a media report said. Gross domestic product, a measure of all the services and…
New Delhi, Jan 25 (SocialNews.XYZ) Many of the large size mutual fund schemes were running on big cash through most part of CY2023, resulting in big underperformance. “We are finally seeing panic and forced deployment…