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A Brief Overview: The Hindenburg Claims Against Block Inc.

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Hindenburg Claims Against Block Inc. :Block Inc., originally known as Square Inc., has a $44 billion market cap, according to Hindenburg, and claims to have created a “magical” and “frictionless” financial system with a goal of empowering the “unbanked” and the “underbanked.” “Our 2-year investigation has concluded that Block has systematically taken advantage of the […]

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Hindustan Aeronautics' OFS is 4.5 times oversubscribed due to high demand.

Hindustan Aeronautics’ OFS is 4.5 times oversubscribed due to high demand.

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Hindustan Aeronautics: According to data from the NSE on Thursday, the government’s offer for sale (OFS) of a portion of its share in Hindustan Aeronautics Ltd. witnessed considerable demand from non-retail investors and was subscribed 4.5 times. While there were only 52.6 lakh shares available, it got bids for 237.6 lakh shares. The suggested offer price,

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Following Adani, Hindenburg Now Shorts Block Inc. of Jack Dorsey

Following Adani, Hindenburg Now Shorts Block Inc. of Jack Dorsey

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On Thursday, Hindenburg Research announced that it had short positions in Block Inc., claiming that the payments company had exaggerated its user counts while understating the costs associated with acquiring new customers. Silicon Valley-based Block, Inc. (SQ), founded by businessman Jack Dorsey, provides payment and mobile banking services for retailers and customers. “Our 2-year investigation

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Global markets: SGX Nifty, First Republic Bank shares to FOMC meeting — key triggers for today

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World market update: Tuesday’s US stock market closed higher despite tight range trading in US stock futures throughout the FOMC meeting. The US dollar and US bond yield have decreased in early morning deals as the market is buzzing with today’s FOMC meeting’s 25 basis point rate hike. WTI crude oil is down 0.42 percent

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Shipping Corporation of India share jumps as PSU fixes record date for demerger

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Shipping Corporation of India demerger: In early morning trades today, the share price of Shipping Corporation of India (SCI) increased. Today’s opening bell saw the share price of Shipping Corporation of India climb, and within a short period of time after the stock market began, it reached an intraday high of 139.35 rupees per share

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Indian Airports’ Revenues To Rise To USD 3.9 Bn Next Fiscal Year

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According to aviation consultancy CAPA India on Wednesday, Indian airport operators are expected to post a 26% increase in revenues at USD 3.9 billion in the upcoming fiscal year. When giving the prognosis for the airports, it stated that total air passenger traffic, including domestic and international, is anticipated to be 395 million in 2023–2024.

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Gold Price In India On March 21: Yellow Metal Rallies, Check Prices In Your Cities

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Gold Price In India: On March 21, 2023, the Multi Commodities Exchange (MCX) gold price in India showed a rising trend. Silver futures were trading at Rs 69,060, up Rs 222 on the MCX, while gold futures saw a 0.20% increase to 59,625 per 10 grammes. In the meantime, gold prices continued to rise on

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Retail Inflation For Agri, Rural Workers Grows Marginally In Feb 2023

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In February 2023, retail inflation for agricultural and rural employees rose to 6.94% and 6.87%, respectively, as a result of increases in the costs of medicines, medical services, and transportation, among other things, according to an official statement. According to the Ministry of Labour and Employment, the point-to-point inflation rates for the CPI-AL (consumer price

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