[ Labour has pledged to fully nationalise the train network within five years of coming to power as part of “the biggest reform of our railways for a generation”. It plans to bring all passenger rail into national ownership under Great British Railways (GBR) if the party enters government, with passenger rail firms taken over … Read more
[ MUMBAI: Axis Bank overtook Kotak Mahindra Bank on Thursday to become India’s third most valued private lender after a rout in the latter’s stock. Kotak Bank‘s stock opened deep in the red on Thursday a day after RBI restricted the lender from onboarding customers digitally and issuing credit cards, citing repeated failures to fix … Read more
[ Vodafone Idea FPO: Vodafone Idea’s Rs 18,000 crore follow-on public offer (FPO), the largest in India’s history, was fully subscribed on the third day. Global institutional investors like GQG, Capital Group, and Fidelity Investments showed high interest in the telecom company. The section for qualified institutional buyers (QIBs) was subscribed 1.23 times, non-institutional investors … Read more
[ More of former TKO Group Executive Chairman Vince McMahon‘s large stake in the company is changing hands, with Endeavor and TKO agreeing to buy a combined $311.2 million of his stock. In an SEC filing, Endeavor Group said it would buy shares worth about $146.2 million. TKO Group Holdings, which Endeavor controls, will buy … Read more
[ Search engine giant Google is considering charging for content generated by artificial intelligence in a move that will mark the first time it has asked users to pay for any of its core products, according to reports. The technology group is investigating ways of making AI-powered search features available on its subscription service which … Read more
[ Industry leaders have urged the Government to bring forward legislation to create the flagship “Great British Railways” body as soon as possible, after i revealed 200 staff already on full pay are “sat around, twiddling their thumbs”. The rail plans, which were first outlined in 2021 under former Prime Minister Boris Johnson, have only been … Read more
[ It was, without a doubt, a strong earnings report.Lyft Inc. projected adjusted earnings as much as 11% higher than analysts’ estimates, and reported bookings ahead of expectations. And then there was the outlook for profitability: Margins, the ride-hailing provider said in an initial press release, were set to expand this year by an eye-watering … Read more
[ Jeff Bezos plans to sell as many as 50 million shares of Amazon.com Inc over the next 12 months, potentially cashing in on a stock surge that’s put him within reach of becoming the world’s richest person.The disclosure comes after Amazon reported its best online sales growth since early in the pandemic, sending its … Read more
[ Microsoft achieved a historic $3 trillion market valuation on Wednesday, in the latest example of how optimism over artificial intelligence has fuelled a seemingly unstoppable advance in the software giant. The stock rose 1.3% to $404, resulting in a market capitalisation of $3 trillion. The threshold cements Microsoft’s status as one of the largest … Read more
[ For veteran hedge fund investor Chua Soon Hock, 2024 was supposed to herald a multi-year rise in Chinese stocks and the opportunity of a lifetime. Instead, his fund’s sudden demise sends a warning to fellow China bulls: stick to your guns at your peril.Chua’s Asia Genesis Asset Management Pte told investors this week the … Read more
