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Swiggy's IPO is facing uncertainty as analysts advise investors to consider the long-term potential due to profitability concerns and competition from Zomato. Despite conservative pricing, the IPO saw muted demand on its first day, with grey market trends indicating minimal listing gains.
Category:
News and Media
Elon Musk's net worth surged by $20.9 billion following Donald Trump's U.S. presidential election victory. Musk's Tesla holdings saw significant gains as investors anticipated favorable policies under a Trump administration, including potential challenges for smaller electric vehicle competitors and tariffs on Chinese imports. Other tech billionaires, including Jeff Bezos and Larry Ellison, also experienced wealth increases.
Category:
News and Media
Waaree Energies, India's largest solar panel maker, saw its shares dip slightly despite securing a major order. This follows a stellar week for the company, which recently went public. The IPO was a resounding success, attracting record bids and pushing the company's value over Rs 1 lakh crore.
Category:
News and Media
The cryptocurrency industry heavily invested $135 million in the recent U.S. elections, aiming to elect pro-crypto candidates. Their efforts proved successful, with a significant number of endorsed candidates, including Bernie Moreno who defeated a prominent crypto-skeptic senator, securing victories.
Category:
News and Media
Apollo Hospitals' shares reached a record high after the company announced a 63% surge in Q2FY25 net profit, hitting Rs 379 crore. This impressive performance was fueled by a robust 14% growth in their hospital business revenue, reaching Rs 2,903 crore, and a significant rise in patient inflow, pushing occupancy to 73%.
Category:
News and Media
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