Trading began positively on Wall Street. This followed the U.S. central bank’s decision to lower interest rates by a quarter-point. Intel saw a boost as Nvidia planned to invest in the company. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all experienced gains at the opening bell. Market responded favorably to these developments.Read More
Pine Labs plans to raise up to $700 million via IPO in October, scaling down from $1 billion earlier. Backed by Mastercard and PayPal, the fintech firm eyes India’s digitization-driven boom despite reporting losses in FY24.Read More
Capital markets regulator Sebi’s chief Tuhin Kanta Pandey on Thursday said there is a need to “accelerate” monetisation of government-held assets in sectors such as railways, roads, airports and energy to help funnel investor money into such projects.Read More
Shares in chipmaker Intel skyrocketed on Thursday after AI giant Nvidia announced it will invest $5 billion in its rival. Intel’s stock price was up by more than 25 percent, to $31.25 a share on Wall Street, hours after Nvidia said it would come to the aid of one of Silicon Valley’s most iconic companies, which has fallen on hard times. arp/dwRead More
Strong overnight gains have Wall Street poised to open at record highs Thursday following the Federal Reserve’s first interest rate cut in nine months.Read More
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