After a subdued debut, Ola Electric raced ahead by gaining nearly 71% in just three days, defying the discounted pre-listing GMP, which indicated a rough ride for the stock in the secondary market. Even as investors consider GMP as one of the factors for subscribing to a public offer, analysts say the GMP may not …
Maruti Suzuki, which was about half the size of its Japanese parent—Suzuki Motor Corp—about ten years ago, has not only overtaken its parent in market valuation but also has overgrown two-fold. As of Friday, Maruti Suzuki, the country’s largest automaker, commands a market capitalisation of $46.9 billion, against Suzuki’s market cap of $22.1 billion, Bloomberg …
Days ahead of Facebook’s 20th anniversary, Meta authorised an additional $50 billion in share repurchases and announced a quarterly dividend of 50 cents per share. While dividends are commonly associated with mature companies, Meta has become the fourth among Silicon Valley’s leading tech giants, alongside Apple, Microsoft, and Nvidia, to offer dividends. Also Read | …
Image Source : PTI HDFC BANK building The combined market valuation of eight of the 10 most valued firms plunged by Rs 2,28,690.56 crore in a holiday-shortened last week, with HDFC Bank and Reliance Industries taking the biggest hit, amid an overall weak trend in equities. Last week, the BSE benchmark fell 1,829.48 points or …