MUMBAI: Amid speculation that Adani Companies may be forced to modify its follow-up public offering of Rs 20,000 crore after its share price fell, the Ahmedabad-based company clarified that its FPO remained on schedule at the issue price set.Adani Group flagship 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By PR Sanjai and Eltaf Unpublished The Adani Group will release a detailed response to the allegations by US short seller Hindenburg Research only after the conclusion of a new share sale which is expected to close on January 31, according to people familiar with the matter. The conglomerate owned by Asia’s richest person, Gautam … Read more
There are still plenty of opportunities to buy stocks as earnings reports continue to roll out, analysts at Bank of America say. The company recommends a slew of companies investors should own ahead of the company’s quarterly results. CNBC Pro combed through recent Bank of America research to find the most attractive stocks that are … Read more
Customers wearing protective masks look inside a vehicle for sale at a Ford Motor Co. dealership in Colma, Calif., Feb. 1, 2021. David Paul Morris | Bloomberg | Getty Images DETROIT — As automakers seek Tesla-like benefits on new electric vehicles, they face an existential question: how best to bring franchise car dealerships with them … Read more
The Colorado River winds around Horseshoe Bend in the Glen Canyon National Recreation Area in Page, Arizona. Rhona Sage | AFP | Getty Images States dependent on the drought-stricken Colorado River are increasingly turning to desalination as a way to fill the river’s deficit and increase water supplies in the western United States. The search … Read more
Tesla CEO Elon Musk smiles as he addresses guests at the 2022 Offshore Northern Seas (ONS) meeting in Stavanger, Norway, August 29, 2022. Carina Johansen | AFP | Getty Images You’re here shares jumped 33% this week, marking their best weekly performance since May 2013 and the second best on record. The stock rose 11% … Read more
On Friday, CNBC’s Jim Cramer told investors to avoid Nasdaq Composite stocks and place their bets on names listed in the Dow Jones Industrial Average. “Even though tech started the new year well and it was crazy today, the rankings, as interpreted by Larry Williams, say be a little wary of the Nasdaq show horses … Read more
Brendan McDermid | Reuters Amazon will start charging delivery fees for fresh grocery orders under $150, which it says will help keep prices for its services low. Starting Feb. 28, Prime members who want home delivery by Amazon Fresh will incur a $9.95 delivery fee for orders under $50, while orders between $50 and $100 … Read more
Armed with impressive rewards and a loyal customer base, AmEx is a giant in the credit card industry. The company’s revenue has grown more than 32% since 2017, when adjusted for inflation, and the company’s shares have shown resilience and growth in a tumultuous market. “Rebate revenue,” or fees charged to merchants who accept its … Read more
By most indicators, the US economy is doing well. Although the first half of 2022 started with negative growth, a strong labor market and a resilient consumer helped turn the tide and provide hope for the year ahead. Gross domestic product, which tracks the overall health of the economy, rose more than expected in the … Read more