IPO Filing Triggers Positive Investor Response Hyundai Motor India (HMIL), the Indian arm of South Korean auto giant Hyundai Motor Company, filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in June 2024. This DRHP outlined plans for an initial public offering (IPO) where HMIL would offer around …
Record AUM and Revenue Growth The key takeaway from the quarterly earnings report was a record USD 10.5 trillion in AUM, up by USD 1.4 trillion YoY, driven by consistent organic growth and positive market movements. BlackRock reported an 11% increase in revenue YoY, primarily fueled by the positive impact of markets on average AUM, …
Amazon’s Remarkable Stock Performance Shares of Amazon (AMZN) surged nearly 4% on Wednesday, closing at $193.61 and propelling the company to a market capitalization of over $2 trillion for the first time. This milestone makes Amazon the fifth U.S. company to reach this impressive valuation, joining tech giants like Apple, Microsoft, Nvidia, and Alphabet. Amazon’s …
In a notable development, the total market capitalization of all companies listed on the Bombay Stock Exchange (BSE) has once again surpassed Hong Kong, making India’s BSE the fourth largest equity market globally. Market Cap Comparison The market cap of BSE-listed companies stands at $5.19 trillion, slightly edging out Hong Kong’s $5.17 trillion. This positions …
Apple has once again claimed the crown as the world’s most valuable company, surpassing Microsoft in a significant market move. This milestone was reached on Wednesday when Apple’s shares surged over 2%, hitting $211.75 and elevating its market valuation to an impressive $3.25 trillion. In contrast, Microsoft’s market capitalization dropped to $3.24 trillion, marking the …
Record-Breaking Milestone On June 5, Nvidia achieved a significant milestone as its shares surged by 5.2%, closing at a record USD 1,224.40. This remarkable rise pushed the chip maker’s market value above USD 3 trillion, allowing it to surpass Apple and become the second-largest company in the US market, with Microsoft retaining the top spot. …
Nvidia Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, and incorporated in Delaware. It is a software and fabless company that designs and supplies graphics processing units (GPUs), application programming interfaces (APIs) for data science and high-performance computing as well as system-on-a-chip units (SoCs) for the mobile computing and …
The cat is finally out of the bag. Yes, we are talking about the Presidential election of USA. Joe Biden will succeed Donald Trump as the 46th President of the US. So now let’s take a look at what Joe Biden’s victory means for Dalal Street. It’s a fact that America is a superpower and …
The US Fed meeting as well as the Bank of Japan meet on monetary policy concluded on the 21st of September. The key metrics with respect to the US Fed was whether the Fed would hike rates and its trajectory on future rates. The key metrics with respect to the Bank of Japan was would …
Apple announced first-quarter revenue of USD 90.8 billion, down 4% compared to the same period last year, indicating ongoing growth challenges, especially in China. The tech giant’s net income dropped to USD 23.6 billion from USD 25 billion the previous year. CEO Tim Cook cited the global economic climate and rising competition as contributing factors. …
