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Ganga Bath Fittings Limited is set to launch its Initial Public Offering (IPO) on June 4, 2025. This move marks a significant step for the company as it seeks to expand its presence in the market. Investors should prepare for this upcoming opportunity.
A former official from the Trump administration reportedly holds up to $5 million in shares of Coinbase. This significant investment highlights the ongoing interest in cryptocurrency markets among influential figures. The financial implications of such holdings continue to attract attention in the evolving landscape of digital assets.
Nebius Group, an AI infrastructure firm, has secured $1 billion in debt financing through a private placement of senior unsecured convertible notes, divided into two tranches. The funds will support growth initiatives, including expanding computing power and data center operations, while strategically avoiding immediate equity dilution. This financing approach reflects the capital-intensive nature of AI infrastructure, positioning Nebius to capitalize on evolving market dynamics and investor preferences for sustainable business models.
[Bloomberg]
Investors in the UAE are urged to verify the licensing of financial influencers before acting on their advice, as any unauthorized financial activities should be reported to the SCA. Manoj Nair, a seasoned business editor at Gulf News, focuses on property, gold, and stock markets while also exploring the retail industry's evolution. Outside of journalism, he enjoys classic Bollywood films from the 1950s to 1980s.
CrowdStrike shares dropped about 5% in after-hours trading following a revenue forecast that fell short of analysts' expectations. Despite reporting adjusted earnings per share of 73 cents and revenue of $1.10 billion, the company faced a net loss of $110.2 million due to increased costs linked to a prior software outage. Looking ahead, CrowdStrike projected adjusted earnings of 82 to 84 cents per share and revenue between $1.14 billion and $1.15 billion, both below analyst estimates.
China's EV market faces significant challenges as BYD's shares plummet by 17%, erasing HK$122.3 billion in market value amid price cuts on 22 models. Despite a slight increase in vehicle deliveries, domestic sales have declined, raising concerns over financial stability in a fiercely competitive landscape. The ongoing price war, supported by government strategies, is creating international trade tensions, with Western nations considering tariffs in response to China's aggressive pricing.
Hyundai and Kia have executed a block deal, selling shares worth Rs 690 crore in Ola Electric. This transaction marks a significant financial move for the automotive giants in the electric vehicle sector.
Morgan Stanley has increased its market forecast for Q-Comm to $57 billion by 2025. This adjustment reflects the firm's optimistic outlook on the sector's growth potential in the coming years.
United Arab Bank plans to raise Dh1.03 billion through a rights issue to enhance its capital base and support growth, increasing its issued capital from Dh2.06 billion to Dh3.09 billion. Existing shareholders can subscribe to new shares at Dh1 each from July 4 to July 17, 2025, with allocations finalized on July 24. This capital raise aims to improve the bank's Tier 1 capital ratio and facilitate credit expansion amid rising loan demand in the UAE.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ganga bath fittings limited ipo to launch on june fourth 2025
10:58 04.06.2025
former trump official owns up to five million dollars in coinbase shares
10:06 04.06.2025
Nebius secures one billion dollars in debt financing for AI infrastructure expansion
09:50 04.06.2025
former trump official discloses up to 5 million in coinbase shares
Coinbase Global Inc.
The Goldman Sachs Group, Inc.
USA
Courtney Elwood
Kevin Hassett
Jay Clayton
Donald Trump
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09:40 04.06.2025
investors urged to verify finfluencers and report unauthorized financial advice
07:29 04.06.2025
crowdstrike shares decline as revenue forecast falls short of expectations
06:40 04.06.2025
China's electric vehicle market faces turmoil amid price cuts and competition
05:30 04.06.2025
Hyundai and Kia divest 690 crore shares in Ola Electric through block deal
01:07 04.06.2025
Morgan Stanley increases Q-Comm market forecast to 57 billion dollars by 2025
23:53 03.06.2025
united arab bank plans rights issue to raise 1.03 billion dirhams
16:04 03.06.2025
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