(Bloomberg) — WSP Global Inc. shares plunged after Spruce Point Capital Management LLC said it was shorting the Canadian engineering firm’s stock, slapping it with a “strong sell” recommendation. Spruce Point, a prominent US fund that previously targeted Canadian firms Lightspeed Commerce Inc. and Nuvei Corp., on Wednesday criticized WSP Global’s “opaque financial reporting.” WSP … Read more
Recently I was talking to my uncle who is in his late forties. And as always happens with me (being in the financial advisory space), the topic of investments came up. He said that his investments had done phenomenally well over the last few years. On enquiring further, I came to know that his mutual … Read more
Oil prices continued their upward trajectory amid investor apprehensions regarding potential disruptions in supply due to escalating geopolitical tensions, on Wednesday. However, some of these concerns were mitigated by an unexpected increase in U.S. crude oil inventories. Brent crude futures climbed by 84 cents, representing a 0.9% increase, reaching $89.76 per barrel by 11:38 a.m. … Read more
I am a 35-year-old professional earn ₹1.5 lakh out of which I can invest half every month. I have used my savings to buy a house and now I have around ₹6 lakh in the bank. I want to start my own business in 5 years and I will need ₹75 lakh for this. How … Read more
Tata Consultancy Services Ltd recently has notified to the exchanges that the company’s board of directors would meet on April, 12, 2024, to discuss and approve its audited standalone financial results for the year ending March 31, 2024, prepared in accordance with Indian Accounting Standards (Ind AS). TCS Board will further approve and take on … Read more
The rise in digital payments brings various challenges within complex payment systems. In such a scenario, numerous factors can contribute to online payment failures. Online payment failures can be exasperating for both customers and businesses. Here are five common reasons for online payment failures in India and ways to prevent them: 1)Scheduled Maintenance and Downtime … Read more
Investors can check the basis of allocation to see if and how many shares they have been allotted. The quantity of shares allotted is also displayed in the IPO allotment status. The refund process will begin for individuals who did not get shares. The allotted shares will be credited into their demat accounts. On Thursday, April … Read more
However, alongside the convenience, there’s also been an uptick in fraud cases associated with demat accounts over the past decade. This rise in fraudulent activities can be attributed to the influx of new investors entering the market without adequate knowledge of safeguarding their investments. While stock market regulators and brokerage firms continuously strive to implement … Read more
Bharti Airtel’s subsidairy company Bharti Hexacom, on Tuesday, said that it has raised over ₹1,923.75 crore from anchor investors ahead of its initial public offerings (IPO). According to the exchange filing, the company allocated 3,37,50,000 shares to anchor investors at a price of ₹565 per equity share. Also read: Bharti Hexacom IPO to open tomorrow; … Read more
There is no set minimum credit score needed to secure a personal loan. Nevertheless, many lenders typically favour scores between 720 and 750. Such scores indicate responsible credit management and a higher likelihood of timely loan repayment. Even with a lower credit score, you might still qualify for a personal loan but expect a higher … Read more