Fri, Feb 9, 2024 9:47 AM
S&P 500 ends just shy of 5,000 mark after touching milestone
A Flip by Avya Verma
The practice of ‘flipping’ began in the early 2000s when Indian companies favoured foreign stock exchanges like NASDAQ. Indian startups that initially incorporated abroad are returning to India, driven by liberalized regulatory norms & govt incentives, with many companies like PhonePe, Groww, and Pepperfry completing their moves & others like Pine Labs and Razorpay still undergoing the process.
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HSBC Holdings Plc has asked hundreds of managers to reapply for jobs in the firm’s newly formed corporate and institutional banking division as Chief Executive Officer Georges Elhedery continues his hunt for ways to make the bank run more efficiently. Interviews are already underway, according to people familiar with matter, essentially pitting senior staff who came from the commercial banking.
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Shares of PTC Industries, an engineering component manufacturer, surged 4.3% to ₹11,550 in intraday trade on Monday, November 18, after the company reported a strong set of numbers for the September-ending quarter. This rise also ended a three-day consecutive decline for the stock. Total income stood at ₹80.79 crore in Q2 FY25, up from ₹60.28 crore in Q2 FY24.
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