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PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
Nov 29, 2023
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after a Reserve Bank of India (RBI) order.
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Nov 29, 2023
Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable.
Adobe’s CFO is helping steer the company’s path into generative AI
Adobe’s CFO is helping steer the company’s path into generative AI
Jan 15, 2024
  Generative AI: Adobe's Finance Organization Embraces Innovation   Introduction  Adobe, a leading software company, is charging full steam ahead towards a future powered by generative AI products, with finance playing a pivotal role in this transformative journey. Dan Durn, CFO and EVP of finance, technology services, and operations at Adobe, emphasizes the significance of the finance organization's involvement in strategic discussions, understanding...
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
Jan 15, 2024
  California's New Law: Turning Parking Lots into Affordable Housing   Introduction  In an effort to combat the ongoing homeless crisis, California has enacted a new law that allows religious institutions and nonprofit colleges to convert their parking lots and other properties into low-income housing.   The Law's Provisions  The law, signed by Governor Gavin Newsom, rezones land owned by religious institutions and nonprofit colleges...
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Sector Update: Consumer Stocks Gain in Afternoon Trading
Sector Update: Consumer Stocks Gain in Afternoon Trading
Jul 5, 2024
01:45 PM EDT, 07/05/2024 (MT Newswires) -- Consumer stocks were advancing Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.3%. In corporate news, Macy's (M) is the target of a $6.9 billion buyout attempt by investors who previously failed to acquire the retailer, The Wall...
Sector Update: Financial Stocks Slipping Friday Afternoon
Sector Update: Financial Stocks Slipping Friday Afternoon
Jul 5, 2024
01:46 PM EDT, 07/05/2024 (MT Newswires) -- Financial stocks fell in Friday afternoon trading with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund (XLF) shedding 0.2%. The Philadelphia Housing Index dropped 1%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.4%. Bitcoin (BTC-USD) declined 0.5% to $56,756, and the yield for 10-year US...
Sector Update: Financial
Sector Update: Financial
Jul 5, 2024
01:33 PM EDT, 07/05/2024 (MT Newswires) -- Financial stocks fell in Friday afternoon trading with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund (XLF) shedding 0.4%. The Philadelphia Housing Index dropped 1%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 0.2%. Bitcoin (BTC-USD) declined 0.5% to $56,756, and the yield for 10-year US...
Sector Update: Health Care
Sector Update: Health Care
Jul 5, 2024
01:40 PM EDT, 07/05/2024 (MT Newswires) -- Health care stocks were rising Friday afternoon, with the NYSE Health Care Index adding 0.5% and the Health Care Select Sector SPDR Fund (XLV) up 0.4%. The iShares Biotechnology ETF (IBB) advanced 0.4%. In corporate news, Enhabit's ( EHAB ) board faces a proxy fight from shareholder Arex Capital Management, which said Friday...
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AMD kicks off San Francisco event with new server chips
AMD kicks off San Francisco event with new server chips
Oct 10, 2024
SAN FRANCISCO, Oct 10 (Reuters) - Advanced Micro Devices ( AMD ) unveiled new server chips at an event in San Francisco on Thursday ahead of the expected launch of its latest artificial-intelligence processors, as it seeks to beef up its AI chips in a market dominated by Nvidia ( NVDA ). The company announced the availability of a new...
Performance Comparison: Micron Technology And Competitors In Semiconductors & Semiconductor Equipment Industry
Performance Comparison: Micron Technology And Competitors In Semiconductors & Semiconductor Equipment Industry
Oct 10, 2024
In today's rapidly changing and fiercely competitive business landscape, it is essential for investors and industry enthusiasts to thoroughly analyze companies. In this article, we will conduct a comprehensive industry comparison, evaluating Micron Technology ( MU ) against its key competitors in the Semiconductors & Semiconductor Equipment industry. By examining key financial metrics, market position, and growth prospects, we aim...
A Look at Applied Digital's Upcoming Earnings Report
A Look at Applied Digital's Upcoming Earnings Report
Oct 9, 2024
Applied Digital ( APLD ) is set to give its latest quarterly earnings report on Wednesday, 2024-10-09. Here's what investors need to know before the announcement. Analysts estimate that Applied Digital ( APLD ) will report an earnings per share (EPS) of $-0.29. The market awaits Applied Digital's ( APLD ) announcement, with hopes high for news of surpassing estimates...
How to avoid resort fees
How to avoid resort fees
Oct 10, 2024
Key takeaways Resort fees, also called destination or urban fees, are charges for amenities. Researching the resort in advance can help you avoid these charges, as well as using free sites that check for resort fees. Booking with points at certain properties or reaching certain elite statuses can help you avoid paying resort fees. Making a hotel reservation used...
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Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
How Zara and H&M are trying to clean up fast fashion's messy carbon footprint — are they serious about it
How Zara and H&M are trying to clean up fast fashion's messy carbon footprint — are they serious about it
Sep 18, 2023
Fast fashion retailer H&M is all set to sell second-hand clothes at its Regent Street flagship store in UK from October — offering items that are 'ready to be loved again.' Zara also recently launched its online second-hand service in France, having trialled it in Britain since November last year. But are these 'green initiatives' for real, or just some more greenwashing? CNBC TV18 gives a macro view.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
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​​​​​​Dow holds above 39,000 and Nasdaq 100 stabilises, while Nikkei 225 aims to push higher
​​​​​​Dow holds above 39,000 and Nasdaq 100 stabilises, while Nikkei 225 aims to push higher
Jun 27, 2024
​​​Dow stabilises after fall ​The index continued to fall yesterday, after Tuesday’s heavy losses, but buyers entered the fray to lift the index off the lows, and the cash session ended with small gains. ​Early trading this morning has seen the index move higher, maintaining the bullish view with the price holding above the 50-day and 100-day simple moving averages....
ETH Increases Toward $3.5K, Erases Much of Earlier Losses (Ethereum Price Analysis)
ETH Increases Toward $3.5K, Erases Much of Earlier Losses (Ethereum Price Analysis)
Jun 27, 2024
After a bearish correction phase, the price has now reached a crucial support zone, defined by the 100-day moving average and the 0.5-0.618 Fibonacci levels. Given the strong demand at this juncture, a mid-term bullish rebound is looking likely. Technical Analysis By Shayan The Daily Chart A detailed examination of the daily chart reveals that Ethereum has entered a significant...
Spot Ethereum ETFs Could Launch Next Week, Minor Issues Remain: Report
Spot Ethereum ETFs Could Launch Next Week, Minor Issues Remain: Report
Jun 27, 2024
The US Securities and Exchange Commission (SEC) might approve the latest tweaks about the spot Ethereum ETFs by July 4, as discussions between asset managers and regulators reach their final stages. While speaking to several industry insiders, Reuters observed that eight asset managers, including BlackRock, Franklin Templeton, and Grayscale Investments, are closing in on the final stages. Many of these...
SOL Price Skyrockets 7% in Minutes as VanEck Files for Solana ETF in the US
SOL Price Skyrockets 7% in Minutes as VanEck Files for Solana ETF in the US
Jun 27, 2024
Cryptocurrency-based exchange-traded funds continue to be on the main stage in the US, with the latest filing from VanEck taking into account the fifth-largest digital asset Solana. Shortly after the news broke, the native tokens price shot up by 7% to $150. Matthew Sigel, the companys Head of Digital Assets Research, highlighted the development on X. He noted that the...
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