Stock News News
Jeff Bezos Sold 16 Million Amazon Shares; Here’s Why | Bezos Becomes World’s Second Richest
Amazon founder Jeff Bezos has recently cashed out a staggering amount of his Amazon shares. Bezos sold over $3 billion worth of Amazon shares, bringing his total stock sales for the year to more than $13 billion! This sale comes just as Amazon’s stock is nearing the $200 per share mark, a level it first hit back in July. Watch for more details!
4 Nov 2024Muthoot Finance, Manappuram Finance Shares Dive 3% After RBI Flagged Gold Loan Concerns
Muthoot Finance and Manappuram Finance shares declined almost 3% in trade on October 1. The Reserve Bank of India flagged deficiencies in gold-lending practices. The RBI flagged issues with the to use of third party agencies, inadequate due diligence and monitoring of end use of funds. Watch!
1 Oct 2024Bumble’s Stocks Drop 33%, Tinder Laying Off Staff | What’s Going Wrong at Dating Apps?
Bumble stocks crashed almost 33% to a record low on August 8 as its $1 billion valuation dropped by $350 million. Its stocks tumbled 39% during the trade, marking the biggest intraday fall on record. It had also laid off a third of its workforce earlier this year. Even Tinder parent Match also said to cut 6% staff. What’s going wrong with dating apps? Why is their business going through a tough time? Watch the full video to know!
9 Aug 2024The One Chip Behind NVIDIA’s Supersonic Growth | ’NVIDIA Is The Most Important Stock On The Planet’
Chipmaker NVIDIA has officially recorded the largest EVER single day jump in market cap on Wall Street. Its quarterly earnings zoomed past expectations, and now, it’s market cap stands at a whopping $1.94 trillion. This makes NVIDIA the THIRD most valuable US company, behind only Apple and Microsoft. Behind all of this, is one computer chip which has transformed the entire industry in the age of AI. This chip added over $1 trillion to NVIDIA’s value and turned it into an AI kingmaker. WATCH #nvidia #artificialintelligence #ai Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you. Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx3pdg
23 Feb 2024Why Wipro Stock Went Soaring Despite Decline In Net Profit & ’Muted’ Q3 Numbers Vs Peers | Explained
Wipro stock soared up after its Q3 numbers - from being the top Nifty50 gainer to its shares surging 13% intra day, to hitting a new 52 week high on 15th January, Wipro was buzzing through the day. This despite the fact that their net profit in Q3 declined (YoY), and this was the fourth consecutive quarter of decline. Why did this happen - and why are analysts still in wait and watch mode despite the stock going up? Watch
16 Jan 2024Adani promoters raised ₹39.4K cr amid scrutiny | Mint Primer | Mint
After a critical report by Hindenburg Research, Adani group promoters have raised ₹39,400 crore by diluting stakes in their companies. This move has generated liquidity that could be used for growth spending or to repay debts. GQG Partners, led by respected investor Rajiv Jain, has invested heavily in Adani group companies, providing a vote of confidence. The group’s strategic moves could include investments in the renewables sector. Despite the setback caused by the report, the group’s companies have seen a recovery in their stock prices. An investigation cleared the group of wrongdoing, potentially attracting more foreign investors in the future.
1 Sep 2023Zomato’s First-Ever Profitable Quarter Sends Stock Soaring; Triggers Meme Fest | Watch
Zomato just reported its first-ever profitable quarter making a huge recovery in its profit margins in the last year. Its total losses last year were to the tune of 185 crores. This unbelievable rebound garnered attention from Union Minister Rajeev Chandrashekhar who took to Twitter to congratulate the founder Deepinder Goyal. Although the profit made by the food delivery app is a measly 2 crore rupees. The news sent Zomato stock soaring its stock registered more than 20% in gains in last two days. These two events were enough to trigger a meme fest on Twitter now known as X. And some of these are hilarious. Watch.
4 Aug 2023Why Do Tata Group Stocks Continue to Rally? | Mint Explains | Mint
Discover the exceptional performance of Tata Group companies and the conglomerate’s legacy of trust and innovation. With standout performers like Trent and Titan, the Tata Group’s reputation for value creation and consistent returns is showcased. Learn about the group’s diversification, strategic investments, and forays into new-age sectors like renewable energy and electric vehicles. Watch to understand why the Tata Group remains a preferred choice for investors seeking stable and profitable opportunities.
26 Jul 2023Why Infosys Stock Nosedived Despite Growth In Profits? | Explained
IT stocks went into a tailspin in early deals on Friday with their sectoral index falling over 4 per cent and stocks such as Infosys plunging almost 10 per cent. The fresh jolt to sentiment came from poor June quarter earnings of IT major Infosys which lowered its guidance for FY24.
21 Jul 2023ITC’s best strategy: The Indian conglomerate is in no hurry to win | Mint Explains | Mint
The erstwhile Imperial Tobacco Co. of India is a powerful creature even in the post-colonial world — except that it has been kept in a cage for too long by diffused, competing interests. British American Tobacco Plc, the single-largest owner, has always wanted ITC Ltd., as the firm is now known, to focus on cigarettes, and funnel the profit back to its own shareholders. The local management successfully fought to keep the proceeds of addiction at home with the backing of state-run financial institutions, which together control roughly the same stake as BAT’s 29%. As a result of those past battles, ITC is today into everything from hotels and wheat flour to soap, paper and information technology.
21 Jun 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared