Page 5 - Latest Updates on Nasdaq
NASDAQ-listed firm MakeMyTrip posts $5.4 million profit for Jan-Mar quarter
Online travel service provider MakeMyTrip Ltd on Tuesday reported a profit of USD 5.4 million in the fourth quarter ended March 31, 2023
 "NASDAQ-listed firm MakeMyTrip posts $5.4 million profit for Jan-Mar quarter")
US analytics firm ThoughtSpot 'acquihires' India's SagasIT Analytics
ThoughtSpot has invested $150 mn in India between 2022 and 2027, set up an 'excellence centre'
 "US analytics firm ThoughtSpot 'acquihires' India's SagasIT Analytics")
Wall Street drops as job gains fuel rate-hike worries; Nasdaq falls 1.2%
First Republic slips as bank suspends preferred stock dividend; semiconductor stocks up; Samsung plans to cut chip output
 "Wall Street drops as job gains fuel rate-hike worries; Nasdaq falls 1.2%")
China's Nasdaq-style index of tech stocks is on a tear in 2023
The tech-heavy Star 50 Index has rallied 19% this year, beating the 5.8% advance in the benchmark CSI 300 Index and the 7.2% rise in the broader Shanghai Composite Index
 "China's Nasdaq-style index of tech stocks is on a tear in 2023")
ReNew repays more than $1 billion to offshore bondholders in FY23
The company in a public statement said that over the past financial year, it had refinanced $525 million in the domestic markets ahead of the March 2024 maturity
 "ReNew repays more than $1 billion to offshore bondholders in FY23")
CPPIB exploring buying out ReNew Energy shareholders, making firm pvt
Canada Pension Plan Investment Board is exploring buying the shares of ReNew Energy Global Plc that it doesn't already own and taking the Nasdaq-listed firm private
 "CPPIB exploring buying out ReNew Energy shareholders, making firm pvt")
Trading in First Republic, Signature Bank halted after SVB collapse
Wall Street mixed as investors weigh possible rate hike pause, bank contagion risks
 "Trading in First Republic, Signature Bank halted after SVB collapse")
Co-founder Krishnasamy exits Freshworks, led SaaS firm's tech operations
The executive left at least six months ago; decision was announced at a company town hall meeting
 "Co-founder Krishnasamy exits Freshworks, led SaaS firm's tech operations")
RIL, First Solar, Shirdi Sai bid for 15.5 Gw end-to-end solar manufacturing
Under phase-2 of PLI guidelines, of the total corpus of Rs 19,000 crore, the highest tranche of Rs 12,000 crore has been allotted to the manufacture of polysilicon wafer cells modules
 "RIL, First Solar, Shirdi Sai bid for 15.5 Gw end-to-end solar manufacturing")
MakeMyTrip reports highest ever gross booking, operating profit in Q3
Nasdaq-listed firm says demand for travel and tourism improved during the quarter on peak seasonality. Gross booking grew 64% YoY in constant currency terms to $1.74 billion
 "MakeMyTrip reports highest ever gross booking, operating profit in Q3")
Cognizant announces new services agreement worth $1 bn with CoreLogic
Nasdaq-listed IT company Cognizant announced a new 10-year services agreement valued at about $1 billion with CoreLogic, a global property information, analytics and data-enabled solutions provider
 "Cognizant announces new services agreement worth $1 bn with CoreLogic")
Wall Street rises as chipmakers lead tech shares higher; Nasdaq up 1%
Six of the 11 major S&P 500 sector indexes were up in early trading, with a 1.3% rise in tech stocks making them the biggest gainers
 "Wall Street rises as chipmakers lead tech shares higher; Nasdaq up 1%")
Sun Pharma to acquire US-based Concert Pharmaceuticals for $576 million
Deal size could expand to $827 mn if additional milestone-based payments are made
 "Sun Pharma to acquire US-based Concert Pharmaceuticals for $576 million")
Nasdaq-listed ODP Corporation selects HCLTech as primary IT partner
HCLTech will be ODP's IT partner for end-to-end IT operations and enterprise-wide digital transformation
 "Nasdaq-listed ODP Corporation selects HCLTech as primary IT partner")
A growth glitch for Freshworks amid stalling economy, class action suit
Despite bumps on the route, insiders believe that the company is still aiming for the sky
 "A growth glitch for Freshworks amid stalling economy, class action suit")
US equity futures falter, a rare December negative for S&P500
As bellwether stocks, Nike and Fedex promise healthy estimates; Micron dampens holiday spirit
 "US equity futures falter, a rare December negative for S&P500")
Motilal Oswal AMC to accept fresh investments in international schemes
The AMC had suspended fresh subscriptions to these schemes in Jan after the MF industry came close to breaching global investment limit
 "Motilal Oswal AMC to accept fresh investments in international schemes")
Sensex leaps 1,181 pts, Nifty holds 18350 amid global rally; HDFC duo up 6%
CLOSING BELL: Barring minor downtick in the Nifty Auto, FMCG, and PSU Bank indices, all other sectoral indices advanced on the bourses. The Nifty IT index led from the front with around 4% surge
 "Sensex leaps 1,181 pts, Nifty holds 18350 amid global rally; HDFC duo up 6%")
Stocks to watch: SBI, DRL, Britannia, Coal India, Divi's Lab, Paytm, ABFRL
Stocks to watch today: Coal India, Divi's Lab will report the July-September quarter (Q2FY23) results on Monday, November 7; SBI's net profit climbed 73.9 per cent YoY to Rs 13,265 crore in Q2FY23
 "Stocks to watch: SBI, DRL, Britannia, Coal India, Divi's Lab, Paytm, ABFRL")
Sensex rises 203 pts, Nifty ends near 17,800; Maruti zooms 5%, RIL 3%
Stock market wrap: Reliance alone contributed 231 points to the 30-share benchmark. Maruti, M&M and NTPC were the other major gainers. The Metal and IT sector witnessed selling pressure.
 "Sensex rises 203 pts, Nifty ends near 17,800; Maruti zooms 5%, RIL 3%")
