GIFT Nifty traded down 90 points or 0.46% at 19385, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously on Thursday, the NSE Nifty 50 dropped 48.20 points or 0.25% to settle at 19,395.30, while the BSE Sensex shed 143.41 points to 64,832.20.
“Markets remained range bound for the third day in a row and ended marginally lowe…
Read moreIt was huge news at the time: the National Association of Realtors (NAR) agreed in March to pay $418 million and make changes to how the home-buying process works in order to settle a class-action lawsuit that alleged the industry conspired to make agent commissions higher than they needed to be.
The provisions of the settlement go into effect on Aug. 17. For now, what consumers can expe…
Read moreHomegrown OTT platform, Ullu Digital Limited, has submitted a draft red herring prospectus (DRHP) to the BSE SME for its upcoming initial public offering (IPO).
The proposed IPO aims to raise funds through the issuance of up to 62,62,800 fresh equity shares, without any offer for sale (OFS) component, as highlighted in the DRHP.
Ullu anticipates garnering between Rs 135-…
Read moreAdidas AG shares slumped after the German shoemaker warned of an operating loss of as much as €700 million ($752 million) in 2023 from the fallout of its dispute with rapper and former partner Ye.
The German sneaker brand said that’s the worst-case scenario if it has to write off all existing Yeezy inventory. It previously flagged that profit and revenue have been hurt by the d…
Read moreSilicon Valley Bank—which is under federal government control after becoming the second-largest bank failure in U.S. history last week—has a new CEO, Tim Mayopoulos.
Mayopoulos, who has other crisis experience, says that business will carry on as usual while he works to unwind the bank’s assets.
The Federal Deposit Insurance Corporation (FDIC) was quick to interven…
Read moreWhen it takes to the skies, the Radia WindRunner will be the world’s largest cargo plane. The entrepreneurs behind Radia created it for one reason: to facilitate the shipping of gigantic wind blades to challenging locations.
The plane is a behemoth with a volume ten times greater than that of a 747 and a cargo hold capable of carrying a nearly 350-ft blade. Because wind farms are typica…
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