Fri, Feb 9, 2024 4:27 PM
Japan offers $300 million backing for chip research organisation
A Flip by Shubhangi Gupta
The run-up to this year’s Diwali festival was more than a tad dim for India’s stock market. Foreigners pulled out $10 billion in October, even more than they had during the sudden lockdown of the economy during the March 2020 outbreak of Covid-19. The benchmark index posted its biggest monthly decline in more than four years.
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At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 237.80 points or 0.3%. By 9.17 am, the index stood at 78,519.94 signifying a loss of 262.3 points or 0.33% over its previous closing. Meanwhile, 📌Tilaknagar Industries Ltd, 📌Procter & Gamble Health Ltd and 📌Power Mech Projects Ltd emerged as the Top Gainers of BSE in the pre-opening session today.
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TGI Friday's is in talks with potential buyers after filing for bankruptcy, with multiple parties interested in acquiring its assets, and one bidder being considered as a "stalking horse" to set a minimum purchase price. The restaurant chain's financial struggles are partly due to losing control over assets backing $375 million in bonds.
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