Latest Stock Market News

Bandhan Bank declines 0.23% as Sensex climbs

Updated at : 2023-05-09 15:30:02

Rate this item

(1 Vote)

The stock traded at a P/E multiple of 11.48, while the price-to-book value ratio stood at 2.85.

Rate this item

(1 Vote)

Former FTX CEO Sam Bankman-Fried has requested a US federal court to dismiss 10 of the 13 charges he faces over the collapse of his crypto exchange. His lawyers argue that in some charges, prosecutors did not "state an offense" or "allege a valid property right." Bankman-Fried pleaded not guilty to fraud, conspiracy, and money laundering charges. He is currently under house arrest after being extradited to the US from the Bahamas in December. Some allegations suggest he cheated investors and misused funds belonging to FTX and Alameda Research customers.

Aurobindo Pharma shares down 0.7% as Sensex falls

Updated at : 2023-05-09 15:30:02

Rate this item

(1 Vote)

A total of 15,853 shares changed hands on the counter till 02:11PM (IST)

Cryptocurrency markets saw a decline in prices on Tuesday, with Bitcoin dropping 2.14% to $27,580 and Ethereum trading below $1,850. The global cryptocurrency market cap fell 1.73% in the last 24 hours to around $1.14tn, with other major cryptocurrency tokens also trading lower. Reports of network congestion and paused Bitcoin withdrawals issued by Binance caused market speculation. Industry experts predict the market will remain choppy, with US CPI inflation data expected to be key to holding the market structure.

"Indiabulls Real Estate (IBREL) regrets to inform its shareholders and the public that the sanction to the merger of NAM Estates Private (NAM Estates) and Embassy One Commercial Property Developments (Embassy One) into IBREL has been withheld by the Hon’ble National Company Law Tribunal (NCLT), Chandigarh Bench," Indiabulls said in an exchange filing.

Buy Dabur India, target price Rs 675: ICICI Direct

Updated at : 2023-05-09 15:30:02

Rate this item

(1 Vote)

Dabur India, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 91688.76 Crore) operating in FMCG sector.

Rate this item

(1 Vote)

Though the price denomination of a share has little relevance, investors – mostly retail – shy away from buying such stocks on the notion that these are expensive shares

Rate this item

(1 Vote)

Mankind Pharma derives 98% of its revenue from the domestic pharma market. Within its domestic business, 90% of its revenue comes from prescription pharmaceuticals and the rest from the consumer health business.

Nexus Select Mall, expects its businesses dependent on consumption to continue growing strongly, as pre-pandemic consumption grew at around 10%. The Blackstone-backed REIT, which has a 45% stake in the company, has 17 malls across 14 Indian cities and 3,000 stores giving footfall of 130 million customers in a year. The company plans to expand its portfolio and acquire more assets.

Credit Suisse CEO to join board in mega merger: UBS

Updated at : 2023-05-09 14:20:02

Rate this item

(1 Vote)

Swiss banking giant, UBS, has confirmed that Ulrich Koerner, CEO of Credit Suisse will join its board following the acquisition of its domestic rival. The Swiss government imposed the takeover for $3.25bn, prompted by the concern that Credit Suisse may also encounter financial difficulty following a series of scandals. Koerner will be the only executive from Credit Suisse to stay on board at UBS, and will be responsible for managing the integration process and ensuring Credit Suisse’s operational continuity. The merger is expected to be completed in the next few weeks. UBS CEO Sergio Ermotti said it will take time for the integration of the businesses and legal entities.

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.