Bain-backed Dhoot Transmission is said to appoint banks for $250 million IPO
Dhoot Transmission Ltd., backed by Bain Capital, has enlisted Axis Bank, Kotak Mahindra Bank, Jefferies, and Nomura to manage its upcoming Mumbai IPO. The offering, anticipated next year, aims to raise approximately $250 million through a combination of fresh shares and secondary sales, potentially valuing the automotive-parts maker at up to $1.5 billion.
Walmart-backed PhonePe files for India IPO via confidential route
PhonePe, the Indian fintech firm backed by Walmart, has confidentially filed for an initial public offering, aiming to raise approximately 120 billion rupees. The company, a major player in India’s UPI payment system with over 600 million users, has seen its losses narrow to 17.2 billion rupees while revenue increased by 40% to 71.15 billion […]
Powell says slowing labor market prompted rate cut, sees ‘challenging situation’ ahead
Powell said Tuesday that weakness in the labor market is outweighing concerns about stubborn inflation.
Stocks making the biggest moves midday: Firefly Aerospace, AutoZone, Sempra, Halliburton and more
These are the stocks posting the largest moves in midday trading.
Watch Fed Chair Jerome Powell speak live on interest rates and the economy
Powell speaks Tuesday to the Greater Providence Chamber of Commerce 2025 Economic Outlook Luncheon.
Stocks making the biggest moves premarket: Firefly Aerospace, AutoZone, Kenvue & more
These are the stocks posting the largest moves in early trading.
Morgan Stanley close to offering crypto trading though E-Trade, calls it ‘tip of the iceberg’
Morgan Stanley, which relies more on wealth management than its peers, is poised to be an early adopter in crypto trading, custody and tokenized assets.
Chicago Fed President Goolsbee says officials have to be careful not to get too aggressive with rate cuts
The policymaker told CNBC that further moves would depend on economic progress.
Crypto startup Zerohash raises $104 million from Morgan Stanley, SoFi, Apollo and others
Zerohash is among a wave of firms taking advantage of the more favorable regulatory environment for cryptocurrencies under President Donald Trump.
Stocks making the biggest midday moves: Oracle, Apple, Metsera, Compass, Kenvue and more
See which stocks are posting big moves in midday trading.
