Wed, Feb 14, 2024 9:15 AM
Oyo Hotels & Homes may back out of IPO plan, opt for private raise
A Flip by Shubhangi Gupta
The parent company of Donald Trump's social networking site Truth Social lost $19.2 mn in the last quarter, according to an earnings report released on the same day he won back the presidency. Trump Media and Technology Group reported late Tuesday that much of that loss stemmed from more than $12 million in legal fees, along with a decline in revenue, according to surprise Election Day Report.
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📌Shares of steel major Tata Steel Ltd will be in focus today after the company turned to black in the quarter ended September 2024. 📌Kansai Nerolac reported a net profit of Rs 123 crore in the second quarter. 📌Sonata Software posted a net profit of Rs 106 crore in the September quarter. 📌Gujarat Gas reported a net profit of Rs 307 crore in the quarter ended September 2024 period.
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📌GIFT Nifty (Earlier SGX Nifty) signals a negative start. 📌India VIX fell nearly 8% to settle at 14.87 levels. 📌Japanese shares led gains in Asian equities after US stocks climbed to record highs. 📌The dollar soared to a four-month high on Wednesday after Republican Donald Trump won the U.S. presidential election. 📌FPIs turned net sellers at Rs 4,445 crore on Wednesday..
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