Fri, Mar 29, 2024 11:43 AM
Stupendous FY24 drives market cap of 25 cos by Rs 1 lakh crore
A Flip by Avya Verma
🚩The US stock market ended higher on Friday. 🚩Asian markets traded higher while the US stock market ended with strong gains. 🚩Gift Nifty was trading around the 22,650 level. 🚩Alphabet share price jumped 10% to a record high after its first-ever dividend. 🚩US monthly inflation rose moderately in March. 🚩The US dollar softened on Monday. 🚩Crude oil prices fell on Monday.
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Brookfield Asset Management, one of the world's largest institutional investors, plans to invest more than $10 billion in India over the next three to five years to capitalise on a burgeoning real estate industry. This will double Brookfield’s real estate assets under management (AUM) in the country during the period, Ankur Gupta, managing partner and head of real estate.
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Here’s what happened in the world of consumer tech in the last week: 📌STMicroelectronics NV (NYSE: STM) reported a first-quarter 2024 revenue decline of 18.4% year-on-year to $3.47 billion, missing the consensus of $3.62 billion. 📌EPS of $0.54 missed the consensus of $0.59. 📌Spotify Technology SA SPOT reported fiscal first-quarter revenue of $3.95 billion (3.64 billion euros).
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