Author: Press Room
© Reuters. INDIA – Arrowhead Seperation Engineering, a manufacturing and export company specializing in dryers, recently went public with an initial public offering (IPO) that attracted substantial investor interest. The IPO, which aimed to raise Rs 13 crore, was oversubscribed by a staggering 95 times, with retail investors alone subscribing 142 times the shares on offer. Non-Institutional Investors (NIIs) also showed keen interest, seeking out their allotment 46 times over. Despite a strong opening on the BSE SME platform today with a premium of Rs 250, Arrowhead’s stock experienced a slight dip, settling at Rs 237.5 after listing. This slight…
Cool Company reports Q3 results
A California congressman is the latest victim of antisemitism attacks happening across the country as Rep. David Valadao’s (R-Calif.) Hanford office was vandalized Monday morning, according to a post on X from Rep. Valadao.Rep. Valadao posted a photo of his Hanford office Monday afternoon covered in “Murdered by Israel” posters and fake blood. “This morning, my Hanford office was vandalized by anti-Israel protestors. I strongly support the right to peaceful protest, but violence and vandalism are never acceptable. In a democracy, harassment and intimidation is not how you make your voice heard,” Rep. Valadao posted.Valadao’s office tells Fox News Digital the…
An Israeli official said Elon Musk agreed to terms to provide Starlink satellites over Gaza.Starlink can only operate over the Gaza Strip if Israel approves, the official said.The deal, unconfirmed by Musk, comes after he visited Israel amid accusations of antisemitism. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Starlink can operate over Gaza, Israeli officials announced Monday, but only if the satellites have been approved by Israel.”Elon Musk, I congratulate you for reaching a principle understanding with the Ministry of Communications under my…
Stay informed with free updatesSimply sign up to the World myFT Digest — delivered directly to your inbox.This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morningBarclays is exploring a plan to drop thousands of clients at its investment bank as part of a strategic overhaul that is meant to boost profits and cut £1bn of costs.Barclays executives have met several times this year to thrash out the restructuring, according to people briefed on the discussions. Chief executive CS Venkatakrishnan…
The International Monetary Fund (IMF) has stressed the pressing need for a substantial surge in green investments to effectively tackle climate change. In a recent blog post, IMF economists Simon Black, Florence Jaumotte, and Prasad Ananthakrishnan emphasized that annual green investments need to skyrocket from $900 billion in 2020 to $5 trillion by 2030 to realize net-zero emissions by mid-century. This call to action comes as the world anticipates the forthcoming COP28 summit in Dubai. The IMF pinpointed that emerging and developing countries (EMDEs) are especially in need of financial backing, necessitating $2 trillion annually in green investments—a considerable leap…
© Reuters. The eagerly anticipated finalization of share allotment for the Rockingdeals Circular Economy IPO, with a fresh issue size valued at ₹21 crores, is expected today. This follows a highly successful subscription period that saw the retail category oversubscribed by more than two hundred times, Qualified Institutional Buyers (QIBs) by nearly fifty times, and Non-Institutional Investors (NIIs) by an astonishing four hundred fifty times. The IPO, which aimed to raise ₹21 crore (INR10 crore = approx. USD1.2 million), offered shares within a price range of ₹136 to ₹140 each. The lot size set for individual investors was one thousand…
Elbit Systems secures $500M Navy contract
© Reuters. In recent currency market movements, the US dollar has softened, touching its lowest point for November. The Bloomberg Dollar Spot Index (BBDXY), which tracks the greenback against a basket of other major currencies, has descended to a nadir for the month. The Japanese yen, on the other hand, has seen appreciation amid market rebalancing. The pair initially slipped to ¥148 but made a slight recovery to ¥148.20/25. This movement comes after the currency pair’s November 21 low at ¥147.15, with current resistance near the 20-day Exponential Moving Average (EMA) at ¥149.94. In the bond market, Treasury yields have…
When Yellow abruptly shuttered its operations in the summer and filed for bankruptcy protection, few thought that a buyer would emerge and try to revive the long-troubled trucking giant.But a prominent trucking executive has assembled a last minute plan to acquire Yellow out of bankruptcy — a proposal that seeks not only to rehire many of the company’s employees but also to work with their union, the International Brotherhood of Teamsters, to create a healthy business.The plan rests, however, on getting the Treasury Department to allow Yellow to postpone repayment of a $700 million rescue loan that it made to…