Stock market

Madhusudan Masala's IPO oversubscribed, shares debut at 71.4% premium

Gujarat-based spice manufacturer, Madhusudan Masala, witnessed a significant response from investors in its initial public offering (IPO), which was oversubscribed by 412.94 times on the final day of

Tata Steel rating upgrade and significant stock movements mark Tuesday's trading

On Tuesday, a series of significant events unfolded in the Indian stock market, affecting several major companies. Tata Steel saw its long-term rating raised by Moody's (NYSE:MCO) from Ba1 to Baa3, wi

European stock futures lower; rising yields weigh

Crypto trading volume and public interest decline as AI gains momentum

The world of cryptocurrency has been experiencing a period of stagnation, with Bitcoin and other digital currencies recording little movement in recent months. As of Tuesday, trading volumes on centra

Central Bank of Nigeria collaborates with IMF to address climate change through fiscal policies

The Central Bank of Nigeria (CBN) has partnered with the International Monetary Fund (IMF) and other global institutions to develop strategies that integrate climate change into monetary and fiscal po

Nuvama Wealth Management begins trading on NSE and BSE

Tuesday marked the debut of Nuvama Wealth Management, previously known as Edelweiss Securities, on the National Stock Exchange (NSE) and BSE. The shares began trading at ₹2,750 on NSE and ₹2,699 o

Ghana's economic recovery exceeds expectations, central bank governor says

The Governor of the Bank of Ghana, Ernest Addison, stated on Monday that recent data suggests the country's economic growth is more robust than expected. He projected that the GDP would expand by appr

U.S. firms increasingly turn to convertible bonds amid rising interest rates

In response to the Federal Reserve's aggressive interest rate hikes, top-tier U.S. companies are increasingly resorting to the convertible bond market to alleviate escalating borrowing costs. This yea

Bitcoin shows historic strength despite low prices, says Bloomberg analyst

Crypto market analyst at Bloomberg Intelligence, Jamie Coutts, reported on Tuesday that Bitcoin is demonstrating historic strength in two key metrics, despite its relatively low prices. Coutts noted t

TSMC boosts CoWoS packaging machine orders by 30% amid surging AI chip demand

The Taiwan Semiconductor Manufacturing Company (TSMC) has reportedly increased its orders for machines needed for Chip on Wafer on Substrate (CoWoS) packaging by 30% to keep up with the rising demand

TSH Resources makes SGX debut to strengthen Singapore presence, amid rising palm oil prices

Malaysia-based plantation group, TSH Resources, started trading on the Mainboard of the Singapore Exchange (OTC:SPXCY) (SGX) under the stock code "TSH" on Tuesday. The company, which primarily engages

Goldman Sachs CEO backs traditional energy firms amid climate activism pressure

David Solomon, the CEO of Goldman Sachs Group Inc (NYSE:GS)., reiterated his support for traditional energy companies on Tuesday, despite mounting pressure from climate activists for banks to sever ti

Fitch Ratings downgrades Bangladesh's economic outlook amid tightening dollar liquidity

In a series of downward revisions by global rating agencies, Fitch Ratings has now downgraded Bangladesh's sovereign rating outlook from stable to negative. This decision, announced on Tuesday, is att

Brilliance Group plans Nasdaq IPO for its Singapore-based subsidiary

Cayman Islands-based Brilliance Group has filed an initial public offering (IPO) with the Securities and Exchange Commission on Monday, planning to list its primary operational subsidiary, KHIW, on th

Honeywell invests in ESS Tech to advance renewable energy storage technology

Energy storage company ESS Tech (NYSE: GWH) and Honeywell (NASDAQ: NASDAQ:HON) announced a strategic collaboration on Tuesday, September 26, 2023, to advance the development and market adoption of iro

MGM Resorts and Caesars face class action lawsuits over September cyberattacks

Five class action lawsuits have been filed against MGM Resorts (NYSE:MGM) International and Caesars (NASDAQ:CZR) Entertainment, alleging the companies' failure to protect customers from cyberattacks i

Yangzijiang Shipbuilding and IVE Group witness considerable retail investor ownership

In recent developments, Yangzijiang Shipbuilding (Holdings) Ltd. (SGX:BS6) and IVE Group Limited have both seen significant retail investor ownership. The retail investors of both companies hold a sub

India's online gaming industry faces tax evasion allegations

About 80 online gaming companies in India, including Dream11, are facing tax notices for alleged goods and services tax (GST) evasion totaling ₹10,000-12,000 crore ($1.3-$1.6 billion), following a c

Binance Japan sets sights on Japanese market with stablecoin strategy

In a move to expand its international footprint, Binance Japan Inc., a global cryptocurrency exchange, has announced plans to enter the burgeoning Japanese market next year. The company's strategy inv

Colorado and Texas residents indicted for orchestrating massive tax evasion scheme

Two individuals, Timothy McPhee from Estes Park, Colorado, and Larry Conner from Frisco, Texas, have been indicted by a federal grand jury in Denver on Tuesday. The U.S. Department of Justice accuses