Tue, Jul 2, 2024 8:42 PM
Robinhood considering offering crypto futures in US, Europe: Bloomberg
A Flip by Avya Verma
The Elecon Engineering Company's stock has experienced remarkable growth, delivering a multibagger return of over 850% in just 3 years, indicating a significant increase in shareholder value. This substantial gain translates to a nearly 9-fold rise in the company's market capitalization, highlighting its impressive financial performance during this period.
Open Flip
Microsoft has announced a new round of layoffs as part of its efforts to streamline its workforce. The company declined to provide the exact number of employees laid off, but the cuts impacted multiple teams across various locations. This comes after Microsoft laid off 2,000 employees in its gaming unit in January and around 1,000 jobs in June.
Open Flip
RBL Bank's shares fell 4.2% to Rs 255 after its June quarter update disappointed investors. The bank's total deposits declined 2% quarter-on-quarter to Rs 1.01 lakh crore, but rose 18% year-on-year. Gross advances increased 18% year-on-year to Rs 88,455 crore, with retail advances growing 31% and wholesale advances growing 2%. The bank's CASA ratio and liquidity coverage ratio stood at 32.6%.
Open Flip
