[ad_1] Hong Kong overtook India to become the world’s second-largest market for share sales this year, wresting the distinction for the first time since 2021 after Chinese companies such as BYD and Xiaomi took advantage of rebounding stock prices. First-quarter proceeds from IPOs, block sales and share placements in Hong Kong soared 11-fold from a…
[ad_1] Hong Kong-listed property giant Vanke reported a significant annual loss of 49.5 billion yuan ($6.8 billion) on Monday, attributing the sharp decline to falling sales and shrinking profit margins despite efforts by Beijing to revive the struggling housing market. The company stated that 2024 had been an “exceptionally challenging year,” apologizing for the “distress…
[ad_1] Haldiram’s Snacks Food, India’s leading snack and food brand, confirmed on Monday that it has sold a stake to two new investors—International Holding Company (IHC) and Alpha Wave Global. The financial details of the deal were not disclosed, according to news agency PTI. This follows the announcement from Sunday, where Haldiram’s revealed a minority…
[ad_1] Dr Krishna Prasad Rao Vunnam, founder & managing director, Ankura Hospitals HYDERABAD: Ankura Hospitals, a Hyderabad-based super-specialty tertiary and quaternary care services provider, has secured a funding of Rs 165 crore from the Asian Development Bank (ADB).Prior to this round, the hospital chain had raised $17.8 million with the largest round so far being…
[ad_1] As President Donald Trump’s “Liberation Day” approaches, stock markets around the world saw declines on Monday, driven by fears of the tariffs set to take effect on Wednesday. From Wall Street to Wellington, New Zealand, global markets faced significant sell-offs ahead of the impending economic moves.In the US, the S&P 500 dropped by 0.6%,…
[ad_1] Rocket companies (Photo-AP) Rocket Mortgage is acquiring competitor Mr. Cooper in an all-stock deal valued at $9.4 billion, shortly after its acquisition of real estate listing company Redfin. The merger will create a combined entity handling one in every six mortgages in the US, adding nearly 7 million new clients to Rocket’s portfolio. This…
[ad_1] HYDERABAD: As global investment giant Vanguard gears up to open its largest global tech development centre at Hyderabad, its global CEO Salim Ramji is visiting Hyderabad. The tech development centre, which will be Vanguard’s first in India, is slated to open in the city later this year.Ramji is heading a delegation of senior leaders…
[ad_1] Finland’s telecom giant Nokia announced on Monday that it had reached a settlement with Amazon over alleged patent infringements related to video technologies. Nokia confirmed that it had signed a patent agreement with Amazon, which covers the use of Nokia’s video technologies in Amazon’s streaming services and devices. The agreement resolves all ongoing litigation…
[ad_1] <p>During March, FPIs sold ₹6,027.8 crore ($637.3 million) in secondary market equities whilst investing ₹2,055.2 crore ($236.1 million) in the primary market. (AI image)<br></p> Foreign portfolio investors demonstrated a mixed investment pattern in March, marking their third straight month as net sellers of Indian equities. However, the outflow significantly decreased due to robust purchasing…
[ad_1] Tax officials are requesting verification of claims submitted in previous Income Tax Returns (ITR). (AI image) Income tax payers claiming House Rent Allowance (HRA) exemptions should take note. The Income Tax Department is issuing notices to individuals who have sought HRA exemptions in their tax filings but have not paid the required Tax Deducted…
