MUMBAI: Amid speculation that Adani Companies may be forced to amend their Rs 20,000 crore follow-up offer following a plunge in share price, the Ahmedabad-based company clarified that its FPO remains on track at the set issue price.The flagship Adani Group had set the FPO at Rs 3,112-Rs 3,276 per share. However, on Friday, the … Read more
By PR Sanjai and Eltaf Unpublished The Adani Group will not provide a detailed response to the allegations from US short seller Hindenburg Research until after the completion of a new share sale set to close on Jan. 31, according to people familiar with the matter. The conglomerate owned by Asia’s richest person, Gautam Adani, … Read more
Bank of America analysts say there are still plenty of opportunities to buy stocks as earnings reports continue to come out. The company recommends a slew of companies that investors should own ahead of the company’s quarterly results. CNBC Pro sifted through Bank of America’s recent research to find the most attractive stocks that are … Read more
Customers in protective masks view the interior of a vehicle for sale at a Ford Motor Co. dealership in Colma, California, February 1, 2021. David Paul Morris | Bloomberg | Getty Images DETROIT — As automakers chase Tesla-like profits on new EVs, they’re faced with an existential question: How can franchised car dealerships best be … Read more
CNBC’s Jim Cramer told investors on Friday to avoid stocks in the Nasdaq Composite and instead bet on names listed in the Dow Jones Industrial Average. While tech has started the new year strong, and it was insanely good today, the charts, as interpreted by Larry Williams, say you should be a little wary of … Read more
Brendan McDermid | Reuters Amazon will begin charging delivery fees for fresh grocery orders under $150, in a move it says will help keep the prices of its services down. Starting February 28, Prime members who want Amazon Fresh home delivery will be charged a $9.95 delivery fee for orders under $50, while orders between … Read more
Armed with impressive rewards and a loyal customer base, AmEx is a giant in the credit card industry. The company’s revenue is up more than 32% since 2017, adjusted for inflation, and the company’s stock has shown resilience and growth in a tumultuous market. “Discount revenue,” or fees charged to merchants who accept their cards, … Read more
American Express, Visa and Mastercard signs hang in a shop window in New York. Scott Eells | Bloomberg | Getty Images Check out the companies making headlines during midday trading. American Express — The credit card company saw an 11% increase in its stock after it issued optimistic earnings and revenue forecasts for 2023 that … Read more
Intel said on April 5, 2022 that it has suspended all business activities in Russia. Paco Freire/Sopa Pictures | Rocket | Getty Images Check out the companies making headlines before the bell: Intel — The chipmaker suffered a 9% loss in its shares in early morning trading after its latest financial results missed analyst estimates … Read more
US President Joe Biden previously singled out Exxon Mobil because it made “more money than God” last year. Brandon Bell | Getty Images Some of the world’s largest oil and gas companies are on the cusp of record annual profits and extraordinary earnings after a year of volatile fossil fuel prices amid Russia’s attack on … Read more
