“Roaring Kitty,” catalyst of the 2021 GameStop frenzy, reemerged with his first online post in approximately three years. GameStop and AMC trading encountered multiple halts on Monday amid heightened volatility. …
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Zomato’s Q4 results: Reports Rs 175 crore profit compared to YoY loss, but falls short of estimates.
by smtfin
Zomato’s Q4 results revealed a significant turnaround, with the company reporting a net profit of Rs 175 crore for the quarter ending March 31, 2024, a stark contrast to the …
NewsGeneralWorld News
Billionaire quantitative investing pioneer Jim Simons, known for generating remarkable returns, passes away at age 86.
by smtfin
Pioneer Jim Simons, a mathematician who founded the most successful quantitative hedge fund ever, passed away in New York City on Friday, according to his foundation’s website. Renowned for pioneering …
General
Air India Express terminates 25 cabin crew members amid mass ‘sick leave,’ leading to the cancellation of 85 flights.
by smtfin
The mass sick leave was viewed as a pre-planned and coordinated refusal to work without valid justification. Air India Express dismisses 25 cabin crew members after numerous employees called in …
GeneralBanking
Kotak Bank shares surge 4% despite RBI criticism, buoyed by Q4 outperformance, prompting investor interest in stock upgrade.
by smtfin
Kotak Bank recorded an 18.22% year-on-year (YoY) rise in standalone profit for the quarter ending March 2024, reaching Rs 4,133.30 crore, with net interest income (NII) increasing by 13% YoY …
General
RBI Removes Restrictions on Bajaj Finance’s ‘eCOM’ and ‘Insta EMI Card’ Lending Products
by smtfin
The NBFC will restart loan approval and disbursement for both segments, including EMI card issuance. Bajaj Finance announced on Thursday that the Reserve Bank of India (RBI) has lifted restrictions …
GeneralBankingNews
Kotak Mahindra Bank shares plummet to a yearly low following Joint MD’s resignation.
by smtfin
The decline occurred post the resignation of KVS Manian, Joint MD, from his 29-year role at the bank and its board. Kotak Mahindra Bank shares plunged 4.38% to a new …
GeneralBusiness
Vedanta intends to allocate $20 billion for investments in India within four years, with Anil Agarwal stating they will only divest the steel b
by smtfin
usiness for the appropriate price. Under the leadership of Chairman Anil Agarwal, the Vedanta Group disclosed intentions to inject USD 20 billion into its Indian enterprises within the coming four …
GeneralIndia NewsNewsWorld News
Sundar Pichai-led Google terminates entire Python team, citing cost-cutting measures.
by smtfin
Google intends to establish a new team in Munich, Germany, purportedly to leverage “more economical” labor, as per the report. In recent weeks, Google has terminated numerous employees, particularly in …