A man wearing a protective face mask walks by 14 Wall Street in the financial district of New York, November 19, 2020. Shannon Stapleton | Reuters A volatile environment for government bonds is reflecting a highly uncertain future for the U.S. economy, pointing to both slower growth and stubborn inflation. After a burst higher earlier […]
Tag: market
Sales of existing homes rise slightly as more listings finally hit the market
After four straight months of declines, sales of previously owned homes rose 1.4% in June month to month to a seasonally adjust annualized rate of 5.86 million units, according to the National Association of Realtors. These sales represent closings, so they are based on contracts signed in April and May. Sales were 22.9% higher compared […]
Zomato market cap crosses Coal India, M&M on debut
MUMBAI: Exactly 30 years after IT services major Infosys was listed on the domestic bourses, food delivery services pioneer Zomato enjoyed a hugely successful listing, which is being hailed as a tribute to Indian entrepreneurship. Zomato witnessed a stellar listing on Friday as the stock jumped over 53% over its IPO price of Rs 76 […]
India a tough market to operate: Zomato’s Deepinder Goyal
BENGALURU: Zomato co-founder Deepinder Goyal said India is a tough market to operate in but the company will not focus on short term profits at the cost of long term success of the food delivery company. “India is a tough market to operate in, but if you are building to succeed in India, you are […]
The bond market is signaling a shaky economic recovery, confounding investors.
The yield on 10-year Treasuries has been dropping for months and remains at just under 1.3 percent.Credit…Frank Franklin Ii/Associated Press The fear that the economic recovery is faltering, in part because of the spread of the Delta variant of the coronavirus, appears to have receded among stock investors. Bond buyers, though, are still spooked. The […]
Zomato share price: Zomato soars in market debut, m-cap crosses Rs 1 lakh crore-mark | India Business News
BENGALURU: In the first stock market listing of an Indian startup valued at more than $1 billion, shares of food delivery firm Zomato Ltd opened at a 52.6% premium to their offer price on Friday, gaining a market valuation of more than Rs 1 lakh crore. Zomato’s market capitalisation has crossed the Rs 1 lakh […]
Tata gets bullish on e-commerce just as rules threaten to transform market
NEW DELHI: The Tata Group is taking a more vocal interest in rules shaping online marketplaces, hinting at ambitions as it reappraises its retail strategy just as e-commerce reform threatens to muddy plans. The $106 billion conglomerate yet e-commerce minnow was far more vociferous in discussions than market leader Amazon.com Inc at a July 3 […]
Builders pull back as more homebuyers are priced out of the market
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters There are several signs in the market for newly built homes that point to a potential slowdown for the nation’s homebuilders. Data released Tuesday added to the evidence […]
Sebi bars Global Infratech, its directors, 12 individuals from securities market
NEW DELHI: Markets regulator Sebi has restrained Global Infratech and Finance Ltd, its directors and 12 other individuals from the securities market for their roles in a fraudulent scheme of trading in the firm’s shares. The company and its directors — Pravin Sawant and Jagdish Chander Sharma — have been banned from the securities market […]
At Least 18 Dead in Explosion at Iraq Market, Security Official Says
At least 18 people were killed in a bomb blast in a busy market in the Iraqi capital Baghdad, a security official told AFP. Several others were wounded in the bomb blast. “A terror attack using a locally-made IED (improvised explosive device) in Woheilat Market in Sadr City, in east Baghdad, left several victims dead […]