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Markets - Stocks - 2021-02-23
Indian shares end flat; Reliance gains, financials weigh
Stocks

Indian shares end flat; Reliance gains, financials weigh

  • There is no positive news in the near term to propel markets higher and we may continue to see such sedate moves until there are fresh triggers that will decide which way market will move going-ahead.
  • Reliance Industries was the top boost to the Nifty 50, closing up 0.8% after the conglomerate said it expected to hive off its oil-to-chemicals (O2C) business in the September quarter.
Published 23 Feb, 2021 07:53pm
Chinese car maintenance start-up Tuhu plans US IPO after $400mn fundraising
Stocks

Chinese car maintenance start-up Tuhu plans US IPO after $400mn fundraising

  • Two separate sources, however, cautioned the company, which provides services via its website, mobile app, call centre and third-party platforms, has not yet made a final decision on the IPO plan.
  • Tuhu raised $300 million to $400 million from its latest fundraising at a valuation of $3.8 billion, which was led by existing investors Tencent Holdings and Sequoia Capital China, said two of the people.
Published 23 Feb, 2021 06:04pm
Stocks struggle as tech slide erases commodities surge
Stocks

Stocks struggle as tech slide erases commodities surge

  • World stocks down 0.1% at fresh 2-week low.
  • Nasdaq futures down 1.5%, S&P 500 futures down 0.5%.
  • Crude oil, metal prices rise on growth outlook.
  • Expectations of faster growth spur inflation fears.
  • Eyes on Fed's Powell testimony at 1500 GMT.
Published 23 Feb, 2021 06:03pm
Oprah-backed Oatly plants IPO seed with private regulatory filing
Stocks

Oprah-backed Oatly plants IPO seed with private regulatory filing

  • Oatly, known for its oat milk products, has tie-ups with several cafes in the United States, including Starbucks and also sells its products online and in retail stores.
  • Oatly raised a $200 million equity investment in July last year from a group led by Blackstone Group Inc that includes Oprah Winfrey, Natalie Portman and former Starbucks Corp chief Howard Schultz.
Published 23 Feb, 2021 05:11pm
European shares drop
Stocks

European shares drop

ROTTERDAM: European shares fell 1% on Monday as hopes of a vaccine-led global economic recovery fuelled a rally in...
Published 23 Feb, 2021 05:20am
Japanese shares jump
Stocks

Japanese shares jump

TOKYO: Japanese shares jumped on Monday, snapping a three-day losing streak, as optimism on economic recovery from...
Published 23 Feb, 2021 05:20am