Mon, Nov 25, 2024 8:48 PM
OrbiMed-backed Suraksha Diagnostic files RHP, IPO to hit D-Street on Nov 29
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The Adani Group's market capitalization has fallen by over Rs 2.44 lakh crore to Rs 11.85 lakh crore due to a US court's indictment of Chairman Gautam Adani, with 5 of its 11 stocks declining, including Adani Green Energy, which fell 9.2% after TotalEnergies SE announced it would not make new financial contributions to the group.
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The White House reports that companies have pledged over $1 trillion in US investments, mainly in semiconductors and clean energy, thanks to three key laws passed during the Biden administration. The laws have lured companies to create or expand US production facilities, aligning with Biden's infrastructure agenda and job creation goals.
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Wall Street's main indexes opened higher on Monday, with the blue-chip Dow scaling a record high, driven by investor optimism following Scott Bessent's nomination as Treasury Secretary in the incoming Trump administration. The Dow Jones Industrial Average rose 89.0 points, or 0.20%, at the open to 44,385.49. The S&P 500 rose 22.9 points, or 0.38%, at the open to 5,992.28.
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