Shares of Campus Activewear rose 13% on NSE following a block deal where 1.3% equity changed hands, valued at Rs 100 crore. The footwear maker reported a 48% YoY decline in net profit and a revenue growth of 82.5% in the December quarter. While Donald Trump has taken credit for the fall in Chinese stocks, the truth is that domestic, not external, factors are at play in China.

Sit down for lunch and walk away with a fresh take on the share market, companies you can invest in, and the future of business. Hindalco-owned aluminium company Novelis to launch US IPOKumar Mangalam Birla plans to launch an IPO of Novelis, his aluminium company, in the US market. Indian companies like Rediff and Sify have previously listed on US exchanges. February 16, 2024 • It’s Indicators of the Week — our weekly look under the hood of our global economy.

Alabama high court rules that frozen embryos are people

Capital One Financial Corp. agreed to buy Discover Financial Services in a US$35 billion all-stock deal to create the largest U.S. credit card company by loan volume, giving the combined entity a stronger foothold to compete with Wall Street’s behemoths. Ford Motor Co. on Tuesday said it had cut prices on its Mustang Mach-E electric SUV by up to $8,100 after sales fell sharply in January, as demand for electric vehicles wanes. IDX Composite dips 0.53% ahead of central bank’s policy meeting IDX Composite drops by 0.53 percent to 7,296.70, as investors await Bank Indonesia’s interest rate decision this week. HSBC reports ‘record profit’ of $30.3b in 2023 HSBC said Wednesday it achieved “record profit” in 2023 as pre-tax profits soared by nearly 80 percent, with the banking giant also announcing further share buybacks.

• The Federal Court of Appeal has rejected BCE Inc.’s request for a stay of a regulatory decision that will allow independent companies to sell internet services to their customers through Bell’s fibre network in Ontario and Quebec.
• The onus of obtaining and reporting the FATCA and CRS certification and related compliances will lie with the respective intermediaries.
• Changes in hiring practices that emphasize selecting candidates with the specific experiences and skills needed for a role, rather than qualities such as educational attainment or age, are a part of the industry’s response and will continue to be a strong trend.
• Capital One Financial is betting that Americans will keep shopping and use a credit card to pay for their purchases at stores and on the internet.