US stock news
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SEBI bans SME firm from capital market for misusing IPO proceeds
Capital markets regulator SEBI has passed an interim order against Varanium Cloud, a company listed on NSE’s SME platform, banning the company and its managing director from accessing the securities market until further notice. The latter has been restrained from acting as a director or key managerial personnel of any listed company or its subsidiary.
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Why this asset and wealth management company is investment worthy
Buoyant markets tend to work favourably for those players that are part of the ecosystem. Brokerages, asset and wealth management companies and even private equity/investment players tend to be beneficiaries when markets are on a bull run.
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Mcap of six of top-10 most valued firms declines by ₹1.73 lakh crore; HDFC, LIC major laggards
The combined market valuation of six of the top-10 most valued firms eroded by ₹1,73,097.59 crore last week, with HDFC Bank and Life Insurance Corporation of India taking the maximum hit in line with weak equities.
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Coca-Cola Japan announces price increase of up to nearly 20%
Gelonghui, May 10 | According to CCTV Finance, affected by continued inflation, a large number of commodities in Japan have increased in price.
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Early trading: U.S. stocks continue to rise, with Dow up 140 points
On the evening of the 10th, Beijing time, U.S. stocks continued to rise in early trading on Friday, and the Dow Jones Industrial Average was expected to record gains for the eighth consecutive trading day.
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Cleanspark rose 7% before the market opened. Q2 earnings per share far exceeded expectations.
Gelonghui, May 10 | Blockchain concept stock Cleanspark rose 6.93% to US$17.74 before the market opened.
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IPO screener: TBO Tek issue closes today
The ₹1,550.80-crore initial public offering of travel distribution platform TBO Tek will close for public subscription today. Thanks to retail investors and non-institutional investors, the issue has been subscribed 4.15 times so far. The public issue opened on May 08.
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Global rally lifts Nifty, Sensex amid election outcome caution in markets
NSE Nifty rose 0.19 per cent or 41.20 points to 21,998.70, while the BSE Sensex was at 72,441.21 up 0.05 per cent or 40 points.
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Swiggy relaunches homestyle meal delivery service ‘Daily’ ahead of IPO
IPO-bound food and delivery major Swiggy has relaunched its homestyle meal delivery service, Daily, in select areas nearly four years after shutting it down.
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Alphabet results exceed expectations but employee morale drops: Salary does not reflect performance growth Cost cutting measures cause confusion
Zhitong Finance APP learned that the first quarter results announced by Google parent company Alphabet on April 25, Eastern Time, exceeded market expectations, triggering a sharp rise in the stock price and the company\’s market value exceeding US$2 trillion.