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(Reuters) -U.S. stock index futures rose on Monday, building on gains from last week as a flurry of AI-related dealmaking and softer labor market trends bolstered expectations for an interest-rate cut. The resilience in equities came despite the federal government shutdown showing little signs of resolution, underscoring the persistent appetite for tech stocks and an increased focus on the upcoming earnings season for cues on the trajectory of the economy. "The current AI infrastructure buildo ...Read More >
Mumbai: LG Electronics will raise ₹11,500 crore through an IPO that will be open for subscription from October 7, according to the red herring prospectus (RHP). The issue, which will close on October 9, will comprise an offer for sale of 10.18 crore shares by the Korean parent, amounting to 15% of the company's equity. On September 8, ET had reported that LG Electronics planned to launch its IPO in October. Morgan Stanley India, JP Morgan India, Axis Capital, BofA Securities India, and Citigro ...Read More >
New Delhi, Jun 27 (PTI) The initial share sale of HDB Financial Services Ltd, a subsidiary of HDFC Bank, got subscribed 16.69 times on the closing day of bidding on Friday, amid encouraging participation from institutional buyers. The initial public offer (IPO) received bids for 2,17,67,62,140 shares against 13,04,42,855 shares on offer, according to details available on the NSE. Qualified Institutional Buyers (QIBs) part garnered 55.47 times subscription while the category for non-institution ...Read More >
Chris Koopmans, Executive Vice President and Chief Operations Officer of Marvell (NASDAQ:MRVL) Technology, Inc. (NASDAQ:MRVL), recently sold 6,000 shares of the company's common stock. The transaction, executed on November 15, 2024, amounted to $534,840, with shares sold at a price of $89.14 each. Following this sale, Koopmans retains 103,244 shares, which are held indirectly through the Christopher R. Koopmans and Heather J. Koopmans Family Trust. The sales were conducted under a pre-arranged ...Read More >
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