Nvidia’s shares rallied around 6% to hit a record high on Tuesday, leaving the AI chipmaker’s stock market value about $100 billion away from overtaking Apple in a major reshuffle of Wall street’s biggest players. Last trading at $1,128, Nvidia’s market capitalization reached $2.8 trillion, compared to a market value of $2.9 trillion for Apple, … Read more
Mumbai: Novelis Inc, the US-based aluminium products company of the Aditya Birla Group-controlled Hindalco Industries, is set to list on the New York Stock Exchange in around two weeks, people aware of the matter said. Novelis on Tuesday launched a roadshow for its proposed initial public offering (IPO), where Indian parent Hindalco plans to sell … Read more
Aluminium producer Novelis is seeking to raise as much as $945 million in a US IPO that could be another test for the resurgent market for first-time share sales.Novelis, owned by Kumar Mangalam Birla’s Hindalco Industries, plans to sell 45 million shares for $18-21 each, a filing on Tuesday showed. Hindalco will own about 92.5% … Read more
It’s not a household name quite yet, but anyone who follows the stock market knows at least a little about Nvidia. Nvidia designs the chips that make artificial intelligence work, and because AI is being hailed as the most important technological development since the internet, Nvidia shares have been rocketing since last year.The stock market … Read more
“Basis our in-house multi-factor model, Sensex’s fundamental value for Dec’24 is 77,400. Market value of Sensex in Dec’24 could be higher or lower than intrinsic value basis various factors,” says Pawan Kumar, Director – Investment Research & Advisory – Client Associates. In an interview with ETMarkets, Kumar said: “We also advise investors to book profit … Read more
Reddit disclosed further details of what is set to be one of the year’s biggest IPOs, with the company and some existing shareholders seeking to raise as much as $748 million. Reddit and the holders are planning to sell 22 million shares for $31 to $34 each, the social media platform said in a filing … Read more
Salman Khan stands as one of the most renowned superstars and among the highest-paid actors. However, according to his brothers Arbaaz Khan and Sohail Khan, when they engage Salman for their productions, they compensate him slightly more than his market value.In conversation with Timeout With Ankit, Arbaaz emphasized the importance of maintaining professionalism with Salman … Read more
Nvidia briefly hit $2 trillion in market value for the first time on Friday, a day after adding $277 billion in stock value. Thursday’s M-Cap rally by Nividia was Wall Street’s largest one-day gain for a single company in history after the heavyweight chipmaker’s quarterly report beat expectations and reignited a rally fuelled by optimism … Read more
MUMBAI: Oil-to-telecom conglomerate Reliance Industries on Tuesday became the first Indian company to touch the Rs 20-lakh-crore market capitalisation level on the back of a nearly 30% rise in its stock price in three months.RIL’s journey is closely tied to that of the Indian stock market. Started in 1966 as a small textile manufacturer by … Read more
Netflix soared 10% on Wednesday as its blowout subscriber growth cemented investor confidence the firm has won the streaming wars with its password-sharing crackdown and a strong content slate.The streaming pioneer was set to increase its market value by about $20 billion, if premarket gains hold, based on its share price of $542 before the … Read more