BUSINESS
SoftBank Signals Potential Share Sale: Reportedly Eyeing $310 Million in FirstCry's IPO
Sources reveal that SoftBank's recent share sale amounts to around Rs 630 crore, marking the second phase of divestment. In total, SoftBank has offloaded shares worth $310 million in two rounds. Notably, SoftBank initially invested $400 million in FirstCry when the platform was valued at approximately $900 million.
PSU stock indices outperform in trade
BSE CPSE index is the best performing index with several PSU stocks rallying. HOCL is up 11 per cent, Mazagaon Dock is up 8 per cent, MSTC is up 8 per cent, GRSE is up 7 per cent, NLC India is up 6 per cent, Bharat Dynamics is up 5 per cent, NMDC is up 4 per cent.
October Sees a Surge: FDI Flows Reach 21-Month High
The RBI data revealed that net FDI in India for October reached $5.9 billion, a significant increase from $1.55 billion in September. This marks the third consecutive month of growth in net FDI.
InCred Secures $60 Million in Funding, Attains Unicorn Status as India's Second in 2023
According to insights from Entrackr, the funding drive was spearheaded by InCred Wealth, the wealth management arm of InCred, contributing an impressive $36.76 million. MEMG Family Office followed suit with a noteworthy investment of $9 million.
2023 may have been cryptocurrencies best year ever
Bitcoin, the crypto’s bellwether asset, is up 160 per cent for the year. Two high-profile court cases came down in the industry’s favour.
Bitcoin Miners Experience Remarkable 400% Growth in Transaction Revenue in 2023
The increase in Bitcoin miners' revenue comes as mining difficulty reached an all-time high, rising by 3.55%. Additionally, in November, BTC miners attracted substantial venture capital investment, with Northern Data and Phoenix Group raising $600 million and $370 million, respectively.
Apple Faces Patent Dispute Impact: Apple Watch Series 9 and Ultra 2 Unavailable at US Retail Stores
The removal of the Apple Watch Series 9 and Apple Watch Ultra 2 from Apple's online store last week has now extended to its physical locations. The ITC ruled in October that the blood oxygen sensor in these smartwatches infringes on two Masimo patents, leading to the import ban.
Markets to remain range bound
On that fateful day, markets made new highs with BSESENSEX touching 71,913.07 points while NIFTY touched 21,593.00 points and thereafter just gave way.
Anticipated: Global Chip Market Set for Robust Recovery with 20% Annual Growth in 2024
The escalating worldwide appetite for artificial intelligence (AI) and high-performance computing (HPC), coupled with a stabilizing demand for smartphones, personal computers, infrastructure, and unwavering growth in the automotive sector, positions the semiconductor industry for a transformative phase, asserts the latest research from IDC.
Infosys Loses Undisclosed Global Client, Terminating $1.5 Billion AI Deal
The company clarified this development in an exchange filing, continuing from their earlier disclosure on September 14, 2023, regarding the Memorandum of Understanding.
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