[ad_1] Gold prices rose above $2,400 per ounce to an all-time high on Friday, heading for their fourth week of gains, as growing tensions in the Middle East prompted investors to seek refuge in the safe-haven assets. Spot gold eased 0.8% to $2,353.35 per ounce as of 1:40 p.m. ET (1740 GMT), taking a breather…
[ad_1] MUMBAI: Investor money flowing into small-cap mutual funds had dried up after 30 consecutive months of inflows. Small-cap schemes recorded a net outflow of Rs 97 crore in March, data released by industry body Amfi showed. Markets regulator Sebi’s warning that there could be some ‘froth’ building in small and medium-cap stocks seems to…
[ad_1] Byju’s $200M rights issue aims to prevent dilution with shareholder involvement. Valuation dropped 99%, some major investors not participating. Raveendran investing $45M, facing cash crunch delaying salaries. [ad_2] Source link
[ad_1] NEW DELHI: Byju Raveendran, the founder of the troubled edtech giant Byju’s, has reached out to disgruntled investors in a bid to reconcile, announcing a board consideration of an offer on renounced shares. This move aims to address investor concerns over dilution of their stakes following a rights issue that significantly reduced the Indian…
[ad_1] MUMBAI: The launch of the fastest stock trading and settlement system in the world went on smoothly on Thursday, with 136 trades from 73 brokers for a majority of the 25 stocks that are allowed in the segment over two bourses, NSE and BSE. On the BSE, 49 investors closed their trades and settled…
[ad_1] Regulators on both sides of the Atlantic are training their eyes on Apple, unnerving investors with fears over fines and threatening its market dominance.In the US, the Justice Department and 16 attorneys general are suing the iPhone maker for violating antitrust laws. And in Europe, the company is said to be facing probes about…
[ad_1] MUMBAI: Byju Raveendran, founder and CEO at troubled edtech startup Byju’s hit out at a group of investors, stating that their move to disable the company from using the funds raised through the rights issue has hindered disbursement of salaries to employees. “….I regret to inform you that we will still be unable to…
[ad_1] MUMBAI: The National Company Law Tribunal (NCLT), in an interim order, has directed Byju’s management to keep the funds received as part of the rights issue in a separate escrow account. The court specified that the funds should not be withdrawn until the disposal of the oppression and mismanagement suit filed by investors against…
[ad_1] MUMBAI: The National Company Law Tribunal (NCLT) on Tuesday reserved its judgement on the plea filed by a few of Byju’s investors seeking the court’s intervention to declare the firm’s rights issue as void and the founders as unfit to run the company, citing oppression and mismanagement. This essentially allows the company to go…
[ad_1] Warren Buffett‘s annual letter: Warren Buffett, often dubbed the ‘God of Stocks’, recently released his annual letter to shareholders, and as expected, investors worldwide are paying close attention. This year’s letter, spanning 16 pages, begins with a heartfelt tribute to his ‘partner in crime’, Charlie Munger, who passed away the previous year.According to ET,…
