(Bloomberg) — Reddit Inc. is telling potential investors in its initial public offering that it expects revenue in 2024 to grow by more than 20% versus the previous year, according to a person familiar with the situation. The social media company gave guidance at a roadshow event that it wasRead More →
Developer Michael Reschke, who is turning the iconic Thompson Center into Google’s new office together with Quintin Primo, said his firm is in talks to buy several office buildings in the Windy City. The real estate duo has also put forward proposals to re-purpose five buildings in LaSalle Street, onceRead More →
Mumbai: Small retail investors and HNIs hiked their stakes in NSE in the December quarter on hopes of a much-anticipated listing of the country’s largest bourse and the world’s largest derivatives one, according to data accessed from NSE. Retail investor holding in the exchange rose to 9.5% in the DecemberRead More →
Every day brings more misery for China’s foreign investors. Some are most worried by China’s souring relations with Western governments. Others fret about the unprecedented slump in the country’s property market. Many are simply tired of losing money. On January 22nd the CSI 300 index of Chinese shares dropped byRead More →
Mumbai: Newcomers to the equities market should focus on long-term investment instead of dabbling in derivatives, especially if they lack the expertise in trading on futures and options (F&O), said Ashishkumar Chauhan, MD and CEO of NSE. However, he said in the same vein that while the notional turnover ofRead More →
Investors in Jindal Steel & Power Ltd stock have more to worry about than just the forgettable September quarter (Q2FY24) results. The chief problem areas are further delays in capacity expansion and a rise in capital expenditure (capex) guidance. View Full Image (Graphics: Mint) Jindal now expects the commissioningRead More →
The Indian markets have been steady for most of the current year but were jolted last week from the uncertainty around the ongoing Israel-Hamas war, which now threatens to involve other state actors in the Middle East. Also, the hardening of US 10-year bond yields, which had crossed the 5%-markRead More →
Investors in shares of Polycab India Ltd and KEI Industries Ltd are enjoying a dream run. The stocks have gained as much as 103% and 83% respectively in 2023 so far. It helps that the two consumer durables companies catering mostly to the cables & wires (C&W) segment are setRead More →
A spike in Vedanta Ltd’s delivery volumes, or the number of shares being bought and held by investors, before the formal announcement of its corporate restructuring on 29 September has raised concerns among market participants. Vedanta saw almost 15.7 million shares change hands on 27 September, two days ahead ofRead More →
Rising competition has become a niggling worry for investors in paints stocks, amid fears that the entry of newer companies with deeper pockets could hit the growth prospects of incumbents. Last week, Aditya Birla Group company Grasim Industries Ltd unveiled the much-anticipated brand name of its paints business—Birla Opus. TheRead More →
