Page 4 - Latest Updates on Nasdaq
Nasdaq talks to India about overseas listings for local companies
Allowing Indian companies to list abroad on exchanges like Nasdaq will give them wider access to capital, Nasdaq's Executive Vice Chairman Edward Knight said in an interview
 "Nasdaq talks to India about overseas listings for local companies")
Baidu terminates $3.6 bn purchase of JOYY's China live-streaming unit
The failure of the deal casts a shadow on search engine giant Baidu's ambition to diversify its revenue. The company proposed to acquire JOYY's entertainment live streaming business in China in 2020
 "Baidu terminates $3.6 bn purchase of JOYY's China live-streaming unit")
Sensex soars 359pts, Nifty tops 21,250 amid broad buying; Inox India up 41%
Closing Bell on Thursday December 21: In the broader markets, the BSE MidCap and SmallCap indices outpaced frontline indices as they climbed 1.6 per cent and 1.69 per cent, respectively
 "Sensex soars 359pts, Nifty tops 21,250 amid broad buying; Inox India up 41%")
Nasdaq hit by system error affecting thousands of trades, nixing some
The incident, starting around 2:30 p.m. New York time, involving "certain FIX/RASH order entry ports," Nasdaq said in an emailed statement that didn't elaborate on the cause
 "Nasdaq hit by system error affecting thousands of trades, nixing some")
Nasdaq planning to repurpose technology from curtailed crypto foray
Nasdaq and other mainstream financial firms pulled back on their ambitions in digital assets as regulators seek to isolate the US financial system from cryptocurrencies
 "Nasdaq planning to repurpose technology from curtailed crypto foray")
NASDAQ can play key role in attracting global investors to India: Official
The NASDAQ official said there is a fairly obvious focus on India now as it becomes more difficult to invest in China.
 "NASDAQ can play key role in attracting global investors to India: Official")
Cognizant Q3 profit down 16.5%, 2023 revenue guidance at -0.7% to flat
The revenue for the fourth quarter is expected to be in the range of $4.69-$4.82 billion, a decline of 4 per cent to 1.2 per cent in constant currency
 "Cognizant Q3 profit down 16.5%, 2023 revenue guidance at -0.7% to flat")
Nasdaq, S&P 500 edge higher as Amazon, Intel lift beaten-down megacaps
Core inflation which excludes volatile food and energy components rose 0.3%, meeting estimates
 "Nasdaq, S&P 500 edge higher as Amazon, Intel lift beaten-down megacaps")
Instacart goes from supermarket to stock market, raising $660 mn with IPO
The San Francisco-based grocery delivery company raised $660 million in its initial public offering of stock, selling 22 million shares at $30 apiece
 "Instacart goes from supermarket to stock market, raising $660 mn with IPO")
SoftBank's Arm eyes $62 billion valuation in likely stellar Nasdaq debut
Its stock opened at $56.1 per American Depositary Share compared with the initial public offering (IPO) price of $51, in a sign of confidence for other companies planning to list
 "SoftBank's Arm eyes $62 billion valuation in likely stellar Nasdaq debut")
SoftBank Group in talks to acquire Vision Fund's 25% stake in Arm
The discussions come as Softbank is preparing to list the chip designer on Nasdaq next month at a valuation of $60 billion to $70 billion
 "SoftBank Group in talks to acquire Vision Fund's 25% stake in Arm")
US recognises India's enormous intellectual capital: Policy expert Sowle
He added that there is a huge opportunity for Indian startups in the United States but not many startups know they don't need revenue to be listed on NASDAQ
 "US recognises India's enormous intellectual capital: Policy expert Sowle")
2 senior execs of Freshworks quit after co-founder's exit in March
Company says new chief human resource officer will start work later in August and it looking for a chief marketing officer
 "2 senior execs of Freshworks quit after co-founder's exit in March")
Cognizant Q2 profit down 19.7%, retains 2023 revenue growth guidance
Chief Financial Officer Jan Siegmund to retire in early 2024 but plans to stay in his role until the company identifies a successor and transition is completed
 "Cognizant Q2 profit down 19.7%, retains 2023 revenue growth guidance")
Sebi's move to regulate index providers on hold; revised proposal on cards
A regulatory framework for index providers was cleared by Sebi's board at its meeting held in March. The regulator, however, is yet to notify changes
 "Sebi's move to regulate index providers on hold; revised proposal on cards")
US big tech's dominance in stock market hits breakpoint for Nasdaq 100
The seemingly unstoppable growth of megacaps like Apple Inc. and Microsoft Corp. mean they have breached an upper limit imposed on stocks in the Nasdaq 100
 "US big tech's dominance in stock market hits breakpoint for Nasdaq 100")
Nasdaq ends up, dollar strengthens as Powell hints at more rate hikes
The S&P 500 ended essentially unchanged, while the blue-chip Dow Jones Industrial Average closed negative territory, weighed down by healthcare stocks
 "Nasdaq ends up, dollar strengthens as Powell hints at more rate hikes")
Nasdaq to acquire financial services software company Adenza for $10.5 bn
Nasdaq on Monday said it has acquired Adenza, a company that develops risk-management and related regulatory software for the financial services market, for $10.5 billion
 "Nasdaq to acquire financial services software company Adenza for $10.5 bn")
Sensex ends 298 pts up, Nifty reclaims 18,200 led by Adani, auto, IT stocks
CLOSING BELL ON MAY 19, 2023: Shares of Adani Group rallied smartly after the SC reported said it could not pinpoint regulatory failure in the Adani-Hindenburg case.
 "Sensex ends 298 pts up, Nifty reclaims 18,200 led by Adani, auto, IT stocks")
Has the correlation between the Nifty IT index and the NASDAQ ended?
The gain in NASDAQ thus far in CY23 was largely fueled by Google, Apple, Amazon, Netflix and Meta Platforms - also known as the FAANG stocks.
 "Has the correlation between the Nifty IT index and the NASDAQ ended?")
