Page 9 - Nasdaq

Sensex ends 298 pts up, Nifty reclaims 18,200 led by Adani, auto, IT stocks

Stock Market Live on May 19, 2023: NTPC, Power Grid, Punjab National Bank, JSW Steel, Zomato, Glenmark Pharma and Delhivery will be on the radar ahead of their Q4 nos

Has the correlation between the Nifty IT index and the NASDAQ ended?

The gain in NASDAQ thus far in CY23 was largely fueled by Google, Apple, Amazon, Netflix and Meta Platforms - also known as the FAANG stocks.

NASDAQ-listed firm MakeMyTrip posts $5.4 million profit for Jan-Mar quarter

Online travel service provider MakeMyTrip Ltd on Tuesday reported a profit of USD 5.4 million in the fourth quarter ended March 31, 2023. The NASDAQ-listed firm had posted a loss of USD 4.1 million in the same quarter of the previous fiscal, MakeMyTrip Ltd said in a statement. Gross bookings in the fourth quarter were at USD 1,673.9 million as compared to USD 1,012.3 million, it added. Travel demand continues to be robust despite macroeconomic headwinds and Q4 being a seasonally slower quarter, the company said. For the fiscal ended March 31, 2023, the loss has reduced significantly to USD 11.2 million as compared to a loss of USD 45.6 million in FY22, it said. FY23 gross bookings stood at USD 6.6 billion as compared to USD 3.19 billion in FY22. "We witnessed robust recovery in travel demand with significant improvement in consumer sentiment during the fiscal year ended March 31, 2023," MakeMyTrip Group CEO Rajesh Magow said. He further said, "We are glad that our strategy of ..

US analytics firm ThoughtSpot 'acquihires' India's SagasIT Analytics

ThoughtSpot has invested $150 mn in India between 2022 and 2027, set up an 'excellence centre'

Wall Street drops as job gains fuel rate-hike worries; Nasdaq falls 1.2%

First Republic slips as bank suspends preferred stock dividend; semiconductor stocks up; Samsung plans to cut chip output

China's Nasdaq-style index of tech stocks is on a tear in 2023

The tech-heavy Star 50 Index has rallied 19% this year, beating the 5.8% advance in the benchmark CSI 300 Index and the 7.2% rise in the broader Shanghai Composite Index

ReNew repays more than $1 billion to offshore bondholders in FY23

The company in a public statement said that over the past financial year, it had refinanced $525 million in the domestic markets ahead of the March 2024 maturity

CPPIB exploring buying out ReNew Energy shareholders, making firm pvt

Canada Pension Plan Investment Board is exploring buying the shares of ReNew Energy Global Plc that it doesn't already own and taking the Nasdaq-listed firm private

Trading in First Republic, Signature Bank halted after SVB collapse

Wall Street mixed as investors weigh possible rate hike pause, bank contagion risks

Co-founder Krishnasamy exits Freshworks, led SaaS firm's tech operations

The executive left at least six months ago; decision was announced at a company town hall meeting

RIL, First Solar, Shirdi Sai bid for 15.5 Gw end-to-end solar manufacturing

Under phase-2 of PLI guidelines, of the total corpus of Rs 19,000 crore, the highest tranche of Rs 12,000 crore has been allotted to the manufacture of polysilicon wafer cells modules

MakeMyTrip reports highest ever gross booking, operating profit in Q3

Nasdaq-listed firm says demand for travel and tourism improved during the quarter on peak seasonality. Gross booking grew 64% YoY in constant currency terms to $1.74 billion

Cognizant announces new services agreement worth $1 bn with CoreLogic

Nasdaq-listed IT company Cognizant on Thursday announced a new 10-year services agreement valued at about USD 1 billion with CoreLogic, a global property information, analytics and data-enabled solutions provider. The deal deepens the scope of the current collaboration with a focus on delivering strong solutions and customer experience through digital transformation and operational excellence, Cognizant said in a statement. "Cognizant and CoreLogic extend the decade-long relationship with USD 1 billion, ten-year services agreement," the statement added. Since 2011, Cognizant has been a service delivery partner, offering capabilities in application development and support, analytical modelling and domain-centric business process services to CoreLogic and its customers, primarily in the US mortgage and real estate markets. "Real estate, mortgage lifecycle, and insurance transactions depend on accurate, timely data and analytics. We are committed to helping CoreLogic provide this ...

Wall Street rises as chipmakers lead tech shares higher; Nasdaq up 1%

Six of the 11 major S&P 500 sector indexes were up in early trading, with a 1.3% rise in tech stocks making them the biggest gainers

Sun Pharma to acquire US-based Concert Pharmaceuticals for $576 million

Deal size could expand to $827 mn if additional milestone-based payments are made

Nasdaq-listed ODP Corporation selects HCLTech as primary IT partner

HCLTech will be ODP's IT partner for end-to-end IT operations and enterprise-wide digital transformation

A growth glitch for Freshworks amid stalling economy, class action suit

Despite bumps on the route, insiders believe that the company is still aiming for the sky

US equity futures falter, a rare December negative for S&P500

As bellwether stocks, Nike and Fedex promise healthy estimates; Micron dampens holiday spirit

Motilal Oswal AMC to accept fresh investments in international schemes

The AMC had suspended fresh subscriptions to these schemes in Jan after the MF industry came close to breaching global investment limit

Sensex leaps 1,181 pts, Nifty holds 18350 amid global rally; HDFC duo up 6%

CLOSING BELL: Barring minor downtick in the Nifty Auto, FMCG, and PSU Bank indices, all other sectoral indices advanced on the bourses. The Nifty IT index led from the front with around 4% surge