Netflix shares jump 10% to hit record high as strong subscriber additions ease growth worries
Netflix shares hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help the streaming giant maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes. The company, widely seen as the winner of Hollywood’s streaming wars, saw its stock rise nearly 10% and was set…
READ MORE
SpiceJet shares rally 10% as co to add 10 new aircraft to fleet by November-end
Shares of SpiceJet surged 9.5% to its dayβs high of Rs 63 on BSE after the company announced that it will add 10 new planes to bolster its fleet and operations. βSpiceJet is set to significantly expand its fleet by the end of November with the induction of ten aircraft, marking a major step in…
READ MORE
Hindenburg questions SEBI chief’s silence on fresh charges
US-based short seller Hindenburg Research has questioned SEBI chief Madhabi Puri Buch’s “complete silence” on fresh allegations of impropriety, conflict of interest and accepting payments from companies while serving as a member of the market regulator. Hindenburg, which had in January 2023 accused Adani Group of using tax havens to sidestep local market regulations, had…
READ MORE
European shares gain on boost from oil, resources sectors
European shares opened higher on Wednesday, boosted by the oil and gas, and the basic resources sectors, while investors awaited a key U.S. inflation reading for clues on the Federal Reserve’s interest rate decision next week. The pan-European STOXX 600 index was up 0.3%, as of 0710 GMT. All regional indexes were trading in the…
READ MORE
Wall Street indexes bounce back as investors await inflation data, Fed rate cuts
Wall Street’s three major indexes gained more than 1% on Monday as investors looked for bargains after the previous week’s sell-off while they also waited for inflation reports in coming days and the Federal Reserve’s next policy decision next week. Investors had fled from equities last week when Friday’s weaker-than-expected August jobs data followed weak…
READ MORE
ECOS Mobility shares end over 13% higher after decent debut. What should investors do?
Shares of ECOS (India) Mobility and Hospitality closed 12.7% higher at Rs 441 on the BSE after a decent debut on Wednesday. The stock initially listed at Rs 391.2, reflecting a 17.1% premium over its IPO price of Rs 334, bringing the total gains to 32.6%. However, the listing was slightly below expectations, as the…
READ MORE
Japan’s Nikkei hits 1-month high on Wall Street gains, weaker yen
Japan’s Nikkei share average rose on Monday to touch the 39,000 level for the first time since late July, helped by a softer yen and Wall Street’s gains at the end of last week. The Nikkei had risen 0.2% to 38,709.88 by the midday break. It hit its highest since July 31 at 39,080.64 earlier…
READ MORE
Unicommerce Esolutions stock scales fresh high
Shares of Unicommerce Esolutions Ltd jumped 16% in early trading on Tuesday, scaling a fresh high of Rs 264 per share. It came after a 20% surge in the previous trading session. The e-commerce software company listed on the bourses on August 13 at a hefty premium On the National Stock Exchange (NSE), it listed…
READ MORE
Saraswati Saree shares hit 5% upper circuit post strong listing
The shares of Saraswati Saree Depot hit a 5% upper circuit at Rs 209.95 on BSE following their strong debut on the exchanges on Tuesday. The stock debuted at Rs 200 on BSE, reflecting a premium of Rs 40 or 25% over the IPO price of Rs 160. On the NSE, it was listed at…
READ MORE
Vedanta garners Rs 3,100 crore from Hindustan Zinc OFS
Billionaire Anil Agarwal’s Vedanta fell short of meeting its initially targeted proceeds from an offer for sale (OFS) in group entity Hindustan Zinc, with the exercise netting βΉ3,100 crore for the resources conglomerate that had first sought to garner up to βΉ6,500 crore in stake dilution but later reduced the OFS size. Vedanta sold 63.6…
READ MORE