In Finance
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HD Hyundai Marine Solution doubles in South Korea's largest IPO since January 2022
Shares traded as high as 125,000 South Korean won ($91.55) apiece, representing a 49.88% surge from the IPO price of 83,400 won.
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Paytm’s lending biz in trouble; inside Tata Digital’s top-level churn
Happy Wednesday! Paytm’s lending business has hit a roadblock as partner NBFCs have stopped issuing loans. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ SoftBank may double down on Icertis■ Ad-film makers await launch of OpenAI’s Sora■ PB Fintech reports Rs 60 crore profit in Q4NBFCs pull the plug on Paytm’s lending biz, invoke loan guarantees 109934347The challenges faced by Paytm Payments Bank, an associate entity of One 97 Communications, are impacting the...
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StockNews.com Initiates Coverage on VBI Vaccines (NASDAQ:VBIV)
StockNews.com initiated coverage on shares of VBI Vaccines (NASDAQ:VBIV – Free Report) in a research note issued to investors on Saturday. The brokerage issued a sell rating on the biopharmaceutical company’s stock. VBI Vaccines Price Performance Shares of NASDAQ VBIV opened at $0.60 on Friday. The business’s 50 day moving average price is $0.61 and […]
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Tonix Pharmaceuticals (NASDAQ:TNXP) Research Coverage Started at StockNews.com
StockNews.com started coverage on shares of Tonix Pharmaceuticals (NASDAQ:TNXP – Free Report) in a research report sent to investors on Sunday. The firm issued a sell rating on the stock. Separately, Dawson James assumed coverage on shares of Tonix Pharmaceuticals in a research note on Wednesday, February 28th. They set a buy rating and a […]
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Clear Channel Outdoor (CCO) to Release Quarterly Earnings on Thursday
Clear Channel Outdoor (NYSE:CCO – Get Free Report) will post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Clear Channel Outdoor to post earnings of ($0.18) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link. Clear Channel Outdoor […]
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Hamilton Insurance Group, Ltd.’s Lock-Up Period To Expire on May 8th (NYSE:HG)
Hamilton Insurance Group’s (NYSE:HG – Get Free Report) lock-up period will expire on Wednesday, May 8th. Hamilton Insurance Group had issued 15,000,000 shares in its public offering on November 10th. The total size of the offering was $225,000,000 based on an initial share price of $15.00. After the end of the company’s lock-up period, company […]
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Mercer International (MERC) Set to Announce Quarterly Earnings on Thursday
Mercer International (NASDAQ:MERC – Get Free Report) (TSE:MRI.U) will announce its earnings results after the market closes on Thursday, May 9th. Persons that are interested in registering for the company’s earnings conference call can do so using this link. Mercer International (NASDAQ:MERC – Get Free Report) (TSE:MRI.U) last posted its earnings results on Friday, February […]
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Fidelis Insurance (FIHL) Set to Announce Earnings on Thursday
Fidelis Insurance (NYSE:FIHL – Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link. […]
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BNPL Popularity May Distort Understanding of Consumer Financial Well-Being
In recent years, buy now, pay later (BNPL) platforms have gained popularity among consumers, offering a convenient way to finance purchases through installments. However, the lack of transparency surrounding these loans has raised concerns about the potential risks they pose to consumers and the wider economy, Bloomberg reported Tuesday (May 7). One of the main issues with BNPL […]
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Aditya Birla Finance, others may have invoked Paytm’s loan guarantees
Aditya Birla Finance, one of the key lending partners for One 97 Communications-owned Paytm, is learnt to have invoked loan guarantees which the fintech firm had provided to the lender in lieu of repayment defaults from customers, people in the know of the matter told ET.Others like Piramal Finance and Clix Capital have also pulled the plug on their partnerships with Noida-headquartered Paytm, signalling the stress in the company's lending business in the aftermath of central bank's ban on Paytm...
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A little more time for Social Security and Medicare funds
The good news: The forecasted date at which the Social Security and Medicare trust fund can’t pay full benefits for everyone was pushed back a few years in a report issued Monday. Bad news: That day is still coming, unless Congress acts. Also: aging in place or stuck in place? The challenges of homeownership later in life. Later in the episode: Reddit’s revenue and union organizing efforts in the South.
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2 Bitcoin L2 Projects Secure Investments to Enhance Bitcoin’s Defi Capabilities – Defi Bitcoin News
On Tuesday, two Bitcoin-centric layer two (L2) initiatives successfully secured funding from strategic investors. Botanix Labs, a startup focused on developing a decentralized Turing-complete L2 EVM (Ethereum Virtual Machine), garnered $11.5 million. Meanwhile, the Bitcoin L2 ZKM attracted $5 million during a pre-seed investment phase. Bitcoin L2 Projects Gain Momentum With New Financing Rounds Throughout […]