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EBay is set to surpass its revenue forecasts for the third quarter, driven by a renewed emphasis on luxury goods and collectibles. The acquisition of Depop further strengthens its competitive edge. Second-quarter findings reveal widespread increases across multiple product categories. By targeting enthusiast buyers, EBay distinguishes itself from other players in the market.
Milky Mist Dairy Food has announced its IPO price band as it aims for a valuation exceeding one billion dollars. This move comes after a reduction in share volume due to pre-listing stake sales to Temasek. The funds raised will be utilized for debt repayment and enhancing its facilities. The company’s shares are anticipated to…
PFRDA has extended the NPS same-day investment cut-off from 11 am to 1:30 pm, allowing more contributions to qualify for same-day investment. The revised deadline applies across all major NPS payment channels, improving flexibility, operational efficiency and the subscriber experience.
Happy Thursday! Competition in the payments space may change with merchant fees on UPI potentially making a comeback. This and more in today’s ETtech Morning Dispatch.
Supportive biofuel policies and ambitious capacity expansions are prompting foreign investors to build positions in key sugar mills, distilleries, and plant suppliers.
Gift Nifty was trading around the 24,652 level, a premium of nearly 4 points from the Nifty futures’ previous close, indicating a gap-up start for the Indian stock market indices.
The Indian stock market’s Sensex and Nifty 50 are set to open flat on August 6, influenced by mixed global signals. The previous day’s trading saw slight gains, with the Sensex up 152.05 points and the Nifty 50 maintaining positive momentum despite facing resistance.
US-Iran war: Brent crude futures slipped 37 cents, or 0.5%, to $79.08 a barrel, while US West Texas Intermediate (WTI) crude futures fell 53 cents, or 0.7%, to $74.69 a barrel
Shiprocket IPO: Bertelsmann, Temasek, Tribe Capital, and Eternal-backed Shiprocket has set the price band for its initial public offering (IPO) at ₹92-97 per share.
The Securities and Exchange Board of India’s (Sebi) attempt to improve how the country’s stock market functions by altering how closing prices are determined has led to spasms of volatility. The new formula has its merits, but wasn’t it tested out in advance?