Tuesday, May 17, 2022
Home > 2022 > January > 27

The manager of 2021’s top-performing hedge fund on his winning GameStop trade and lessons from it

(Click here to subscribe to the new Delivering Alpha newsletter.)On this day last year, investors watched in amazement as GameStop shares surged to a record high of $347.51. The stock had skyrocketed amid a trading frenzy brought on by retail investors swapping stock tips — and related memes — on social

Read More

NCLAT asks DHFL lenders to reconsider resolution plan on avoidable transactions valuation aspect

In a significant development, appellate tribunal NCLAT on Thursday directed the lenders of DHFL to reconsider their decision regarding the valuation of the financial firm's avoidable transactions while approving the insolvency resolution plan submitted by Piramal Capital & Housing Finance Ltd. Under the insolvency resolution proceedings for the crisis-hit

Read More

PMC Resolution: Large depositors can expect faster payout

Large value depositors of the erstwhile Punjab and Maharashtra Co-operative Bank (PMC) can expect a faster payout according to the final notification of the bank's restructuring plan by the government. According to the draft scheme, the first pay-out for retail depositors above Rs 5 lakh will start from year one,

Read More

POS business grew to $4 billion annualised transaction value, deployed over 1.25 lakh machines: BharatPe

BharatPe, a fintech company for merchants, on Thursday said it has witnessed 200 per cent growth in annualised transaction value to USD 4 billion (about Rs 30,078 crore) from its POS business over the last 12 months. The Point of Sale (POS) business - BharatSwipe - now contributes about

Read More

Stocks making the biggest moves premarket: McDonald’s, Blackstone, Netflix and others

Check out the companies making headlines before the bell:Comcast (CMCSA) – The NBCUniversal and CNBC parent earned an adjusted 77 cents per share for the fourth quarter, 4 cents above estimates, with revenue also above analyst forecasts. Comcast also announced an 8% dividend hike and increased its share buyback

Read More

The stock market is so volatile that one European tech firm has cancelled its IPO

The WeTransfer logo on a smartphone.Gabby Jones | Bloomberg via Getty ImagesLONDON — The stock market has gotten a little too volatile for WeTransfer's liking.The Dutch file-sharing company said Thursday that it has cancelled plans for an initial public offering on the Euronext Amsterdam exchange, citing market volatility. It

Read More

Ensure advisory board’s recommendations are taken in fraud cases of over Rs 3 crore, CVC tells banks

The Central Vigilance Commission (CVC) has asked all public sector banks and insurance companies to ensure that they seek recommendations from its advisory board regarding all cases of fraud involving Rs 3 crore and more. At the time of approaching the commission for advice in respect to any prosecution

Read More