Getting Trump’s full tax break on car loans may mean buying a $130,000 vehicle
Middle-income households that buy luxury cars would be able to claim the full financial benefit of a $10,000 tax deduction on car loan interest.
Goldman Sachs and Citadel back crypto firm Digital Asset in $135 million funding round
The company said it will use the funding to advance adoption of the Canton Network, a blockchain for financial institutions.
SoftBank eyeing buyout deals in India to push AI-led IT, BPO operations
SoftBank is considering acquiring Indian IT and BPO firms to integrate AI, moving beyond its traditional investment approach. It aims to enhance these firms with AI, driving efficiency and revenue growth. While a deal with AGS Health didn’t materialize, SoftBank is exploring other opportunities, aligning with its global AI infrastructure initiatives like The Stargate Project […]
Kalpataru to raise Rs 1,590 crore through IPO amidst debt repayment plans and improved financials
Kalpataru, a Mumbai-based real estate developer, is set to launch an IPO to raise ₹1,590 crore for debt repayment, diluting promoter stake to 81.3%. The company’s revenue and margins have improved, with reduced unsold inventory and shorter overhang days. While higher costs previously impacted the bottom line, Kalpataru has started reporting profits in the recent […]
Fed Chair Powell speaks on Capitol Hill this week with politics front and center
White House officials have raised the heat on Powell to lower rates. Now he’s faced with two key Fed officials who have said they could favor a cut in July.
Stocks making the biggest moves midday: Tesla, Novo Nordisk, Hims & Hers, Northern Trust, Fiserv and more
These are the stocks posting the largest moves in midday trading.
Stocks making the biggest moves premarket: Tesla, Northern Trust, DoorDash, Northrop Grumman, Exxon Mobil and more
These are the stocks posting the largest moves in premarket trading.
Meesho concludes reverse flip process; likely to file DRHP in 2–3 weeks
SoftBank-backed Meesho has completed its reverse flip, moving its domicile to India and becoming a fully Indian company. The board approved the merger and share allotment, with plans to file for an IPO in the coming weeks.
Jeremy Siegel says investors are viewing the U.S. bombings as ‘a success to neutralize Iran’
Barring no big retaliation by Iran, Siegel said the stock market could see a new record high over the next few weeks.
NTPC board seeks shareholders nod to raise up to Rs 18,000 cr via bonds
NTPC, a leading power company, is seeking shareholder approval to raise ₹18,000 crore through non-convertible debentures (NCDs) or bonds via private placement in the domestic market. The funds, to be raised in tranches over a year, will support capacity expansion, working capital needs, and general corporate purposes.