by Jibran Munaf | October 22, 2024 | Corporate Finance
Shares of Indian fintech pioneer Paytm plunged as much as 7.8% on Tuesday after the company reported a 34% decline in revenue for the second consecutive quarter, signaling ongoing difficulties in recovering from a regulatory clampdown. Paytm’s revenue dropped to 16.6...
by Jibran Munaf | October 21, 2024 | Corporate Finance
Investors seized the opportunity to pick up undervalued shares with a “Buy the dip” sentiment, propelling Nvidia to a new all-time high. A strong forecast from Taiwan Semiconductor (TSMC) reignited Wall Street’s enthusiasm for artificial intelligence (AI),...
by Jibran Munaf | October 19, 2024 | Banking, Corporate Finance
First Abu Dhabi Bank (FAB), the largest lender in the UAE, posted impressive financial results for Q3 2024, with a net profit of AED4.46 billion ($1.2 billion). This marks a 5% year-on-year (YoY) increase, driven by robust revenue growth that offset higher impairment...
by Jibran Munaf | October 15, 2024 | Corporate Finance
Hyundai Motor India has raised $989.4 million from institutional investors, including BlackRock and Fidelity, as part of its $3.3 billion Initial Public Offering (IPO). This IPO is set to be the largest in India’s history, reflecting growing investor confidence...
by Jibran Munaf | October 13, 2024 | Corporate Finance
JPMorgan Chase reported stronger-than-expected third-quarter earnings on Friday, driven by a 7% increase in revenue to $42.7 billion. Despite the positive financial results, CEO Jamie Dimon issued a cautionary note about escalating global threats and the challenges...
by Jibran Munaf | October 12, 2024 | Aviation, Corporate Finance
India’s Adani Group is in discussions with a Middle East-based sovereign wealth fund (SWF) to raise up to $1 billion for its airports business, according to a report by Economic Times. The capital raise will be carried out in two phases, with the first round of funds...
