Tue, Mar 29, 2022 7:42 AM
US court dismisses case accusing 7 bourses of defrauding ordinary investors
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Coforge Ltd. has launched an Open Offer to acquire an additional 26% stake from the public shareholders of Cigniti Technologies Ltd., it said in an exchange filing. The company intends to acquire up to 71.62 lakh equity shares of face value of ₹10 each with an intention to acquire control of Cigniti Technologies. On Thursday evening, Coforge had announced the acquisition of a 54% stake.
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Apple share price surged 6% in extended trade on Thursday after the iPhone maker reported quarterly results and forecast above expectations. Apple also unveiled a record $110 billion worth share buyback program, the largest in its history. Rally in Apple shares lifted its stock market value by over $160 billion, Apple’s revenue for the fiscal second quarter fell.
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U.S. stocks rallied on Thursday as investors weighed the Federal Reserve's more dovish-than-expected interest rate guidance on Wednesday against a plethora of mixed earnings and economic data. All three indexes ended in positive territory. The tech-heavy Nasdaq led the way, advancing 1.5% with healthy boost from chip stocks after Qualcomm reported quarterly sales and profit above analysts.
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