Wed, May 15, 2024 10:33 AM
Infosys-backed IdeaForge Technology announced robust results
A Flip by Shubhangi Gupta
BlackRock Inc.’s Larry Fink was among headliners at Saudi Arabia’s annual Davos-style investment confab in October. Days later, he popped up on a social media post from Abu Dhabi’s $1.5 trillion man, Sheikh Tahnoon bin Zayed Al Nahyan. The $11.5 trillion asset manager Fink runs recently received approval to set up its regional headquarters in Riyadh. It’s also teaming up with the Abu Dhabi royal.
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📌Tata Motors: Mutued domestic demand and production constraints at JLR weigh on results. 📌Asian Paints: Domestic volumes decline by 0.5% compared to estimates of 6-8% growth. 📌Ola Electric: Net loss of ₹495 cr from loss of ₹524 crore last year. 📌LIC: New business premium up 20% to ₹60,043 crore, higher than estimates of ₹58,109 cr. 📌Divi's Laboratories: Revenue up 22.5% to ₹2,338 cr.
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Cardano's ADA tokens surged 33% in 24 hours, outperforming bitcoin, after founder Charles Hoskinson announced plans to help shape US crypto policy under the Trump administration, boosting speculative bets and pushing trading volumes to $3.3 billion. ADA rose above 58 cents, extending 7-day gains to over 77%.
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