On November 5, 2024, Sagility India launched its IPO, a book-built issue worth ₹2,106.60 crores. The IPO is entirely an offer for sale of 70.22 crore shares. The Sagility IPO GMO stands at ₹0.75 as of Wednesday. Adding the GMP to the upper price band, the expected listing price for the IPO remains at ₹30.

A ballot measure to legalize the recreational sale and use of marijuana in Florida failed to pass late Tuesday, sending shares of pot companies into freefall. The passage of Amendment 3 would have legalized the sale of marijuana for recreational use to adults 21 years of age and older from medical marijuana treatment centers and other state-licensed entities.

Donald Trump is returning to the White House, and the US economy is in for a wild ride. The former and soon-to-be next president has promised an escalation of tariffs on all US imports and the biggest mass deportation of migrants in history. He also wants a say in Federal Reserve policy. Many economists reckon the platform adds up to higher inflation and slower growth ahead.

The dictionary tells us that an inference is "a conclusion reached based on evidence and reasoning." But that meaning takes on a whole new meaning in the world of artificial intelligence, where inference occurs when an AI model produces predictions or conclusions. OpenAI has been planning a custom chip for AI technology for around a year, but the discussions are still at an early stage.

Super Micro Computer, a darling of the artificial intelligence trade, has seen its stock tumble sharply after a 1,600% rally, and now faces delisting following the resignation of its auditor last week. Shares of the company have crashed 79% from their peak, plummeting further last week after accounting firm EY said it would resign as the company's auditor.

Malaysia left its benchmark interest rate unchanged on Wednesday, a move that was widely anticipated as growth and inflation remain within official forecasts this year. Bank Negara Malaysia kept the overnight policy rate at 3%, as predicted by all 19 economists in a Bloomberg News survey. The decision means that borrowing costs — last adjusted in May 2023 — will remain steady going into 2025.

Trump Media & Technology Group stock (DJT) surged as much as 25% before paring gains in after-hours trading on Tuesday as investors brace for more wild swings with Donald Trump edging ahead of Kamala Harris in the latest election results. All states have now closed their respective polling stations. So far, Trump has secured 248 electoral college votes, while Harris has claimed 214.

Tesla shares look set to open at the highest levels in more than a year Wednesday following what appears to be a decisive victory for former President Donald Trump in the 2024 elections. Elon Musk has been a vocal and high-profile supporter of the former President's campaign, raising millions of dollars through his America PAC and appearing at key campaign rallies throughout the autumn months.

Donald Trump's victory in the race to become the next U.S. president will, if confirmed, have economic consequences for the rest of the world that are likely to be deep and quite immediate. As congratulations poured in from world leaders, Trump claimed on Wednesday he had been given a "powerful mandate" to rule.

Bank of America analysts upgraded two stocks, 📌KE Holdings and 📌Incyte Corporation, citing solid potential for gains in the current bullish market. KE Holdings, a Chinese real estate company, is expected to benefit from government stimulus policies, while Incyte Corporation, a biopharmaceutical firm, has a strong revenue generator and multiple upcoming catalysts.

Financial markets are heading into the Federal Reserve meeting with clarity on the outlook for the central bank's balance sheet drawdown, with the process expected to continue into next year despite rate cuts, according to a new index from the New York Fed that charts pressures in short-term market liquidity.

The Federal Reserve has plenty of reasons to deliver a widely expected interest rate cut on Thursday, including a decline in inflation and a cooling in labor markets that makes it harder for Americans to find jobs. Continued weak demand for loans and strict lending standards may provide another, though less obvious, reason.

With Donald Trump heading back to the White House, Wall Street is anticipating the potential for lower taxes, deregulation and a U.S. president who is quick to sound off on everything from the stock market to the dollar. Trump made tariffs and tax cuts key elements of his pitch to voters, many of whom said the economy was the biggest issue of the election.

Donald Trump's rapid confirmation as the next U.S. president propelled the dollar and punished the euro as investors bet on tariffs on imports affecting trade while tax cuts could benefit U.S. business. U.S. stock futures rallied almost by the most in a year, while the dollar was set for its largest one-day jump since 2022.

The government’s offer-for-sale for more than 4.75 crore HZL shares to institutional investors got over-subscribed before the close of market hours on Wednesday with institutional buyers putting in close to Rs 3,400-crore worth bids. Institutional investors put in bids for over 6.69 crore shares, which is 1.4 times the 4.75 crore shares on offer for them.