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Tech companies have seen demand surge for their products and services from people stuck at home during the pandemic. Better-than-expected earnings from Pinterest Inc, which forecast a rebound in ad spending, helped spur the rally. Shares of the image-sharing company soared more than 26.9%.
Sebi levies nearly Rs 23 lakh fine on 16 entitiesThe entities entered into off-market transactions without making the payment of considerations within the timeline as stipulated under the Securities Contracts Regulation Act (SCRA).
from Stocks-Markets-Economic Times https:… Read MoreRBI penalises 14 banks for non-adherence to rules on lending to NBFCsWhile Bank of Baroda was levied a penalty of Rs 2 crore, IndusInd Bank, Bandhan Bank, Credit Suisse AG, Central Bank of India, Bank of Maharashtra, Indian Bank, Utkarsh Small Finance Bank were asked to cough up Rs 1 crore as … Read MoreFed's 'substantial' progress goal not yet met in June, minutes showThe Federal Open Market Committee at its June 15-16 meeting shifted towards a post-pandemic view of the world, dropping a longstanding reference to the coronavirus as a constraint on the economy and, in the words of Fed Chair… Read MoreFed officials saw progress toward taper move, minutes showVarious participants mentioned that they expected the conditions for beginning to reduce the pace of asset purchases to be met somewhat earlier than they had anticipated at previous meetings
from Stocks-Markets-Economic Time… Read MoreInvestment banking fees dip 10% to $438m in H1 despite jump in M&As, IPOsOverall, SBI Caps has taken the top spot in the investment banking fee league tables with 9.5 per cent wallet share and USD 41.6 million in fees, according to Refinitiv, an LSG group entity, on Monday.
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