Mon, Dec 23, 2024 4:03 PM
Jump Crypto Subsidiary Tai Mo Shan to Pay $123 Mn to Settle SEC Charges
A Flip by Shubhangi Gupta
Tata Group has initiated work on the initial public offer (IPO) of its flagship financial services arm Tata Capital, expected to be a big-bang deal exceeding Rs 15,000 crore, to comply with RBI's norms for 'upper layer' NBFCs. Tata Capital has roped in advisors Cyril Amarchand Mangaldas and Kotak Mahindra Capital, with pitches to engage other investment banks to follow.
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Wall Street's main indexes were muted on Monday, with the Dow Jones Industrial Average falling 0.09% to 42800.49, while the S&P 500 and Nasdaq Composite rose 0.16% and 0.35%, respectively, as a government funding bill averted a partial shutdown and investors digested a slower pace of rate cuts from the U.S. central bank.
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Whirlpool of India has entered a contract manufacturing agreement with PG Electroplast to produce select semi-automatic washing machine models, deepening their partnership and supporting the 'Make in India' initiative. This move follows Whirlpool's 25.4% YoY decline in net profit and 13% revenue growth in Q2 2024.
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