by Jibran Munaf | August 31, 2024 | Corporate Finance, Energy
The Initial Public Offering (IPO) for NMDC Energy, a subsidiary of the NMDC Group, saw overwhelming demand, becoming oversubscribed within just a few hours of the first day of its subscription period, according to an announcement by NMDC Group on Monday. Strong...
by Jibran Munaf | August 31, 2024 | Corporate Finance, Editorials, Finance
Warren Buffett, renowned as the “Oracle of Omaha,” celebrated his 94th birthday this past Friday, leading his conglomerate, Berkshire Hathaway, to its highest valuation ever. For the first time, Berkshire Hathaway, known for its diverse range of...
by Jibran Munaf | August 29, 2024 | Automotive, Corporate Finance
Chinese electric vehicle (EV) manufacturer BYD has reported a significant increase in net profits for the second quarter of 2024, demonstrating strong market performance despite aggressive pricing strategies and international challenges. View this post on...
by Jibran Munaf | August 29, 2024 | Corporate Finance, Wealth Management
Warren Buffett’s Berkshire Hathaway reached a $1 trillion market capitalization on Wednesday, marking the first non-technology company in the United States to achieve this milestone. This achievement highlights the unique position of Berkshire Hathaway in the market,...
by Jibran Munaf | August 28, 2024 | Corporate Finance, News
LG Electronics Inc. is exploring an initial public offering (IPO) for its Indian business as part of a strategy to reach $75 billion in electronics revenue by 2030. The South Korean company’s Chief Executive Officer, William Cho, mentioned that listing in India...
by Jibran Munaf | August 28, 2024 | Corporate Finance, News
Majid Al Futtaim has announced a net profit of Dhs1.6 billion for the first half of 2024, despite facing a challenging macroeconomic environment characterized by regional geopolitical conflicts and foreign exchange devaluations. The group’s assets saw a 2%...
