Latest Stock Market News

The offer for 28 pence per share from Hedin, which holds a 27.6% stake in Pendragon, and PAG comes a year after Hedin made a cash offer of 29 pence per share for the company.

The heavy election calendar will likely exert pressure on the government to boost social spending with schemes to boost annual transfers to farmers, expanding health insurance, and interest subsidy on home loans, foreign brokerage Jefferies said in a report.

Kolkata-based AMRI Hospitals is owned by FMCG-to-realty conglomerate Emami Group and comprises of over 1,200 beds, over 800 doctors and 5,000-plus healthcare professionals.

Godrej Properties said the company has allotted one lakh rated listed unsecured redeemable NCDs of face value of Rs 1,00,000 each, aggregating to Rs 1,000 crore.

The floor price for the offer has been fixed at Rs 69, which is at nearly 16% discount to the current market price. Only non-retail investors will be allowed to place their bids on T day, and while placing their bids, they may indicate their willingness to carry forward their unallotted bids for T+1 day for allocation to them in the unsubscribed portion of retail category

Dow Jones Industrial Average rises 57.77 points at the open to 34,575.50, S&P 500 opens higher by 0.20% and Nasdaq Composite gains 0.23% to 13,710.26

Fed officials are widely expected to keep rates on hold for now, but also flag in new economic projections whether they feel rates still need to rise further before the end of the year.

Instacart, which counts Costco Wholesale, Kroger and Aldi among its retail partners, has seen its orders grow despite slowing from pandemic highs as people stick with their lockdown habits of ordering groceries and essentials from the comfort of their homes.

“Microsoft has more of what the market wants right now, and given where we stand on the pair’s growth prospects, we wouldn’t be surprised to see it overtake Apple,” said David Klink, senior equity analyst at Huntington Private Bank.