Wall Street rallied on Thursday with traders awaiting Jerome Powell’s keynote for clues on how much further the Fed put brakes on the economy to tame inflation. Asian markets also started on a strong note and were trading green for the most part.
India seeks Byju’s reply on reasons for delayed filing of accounts
India sought reasons from Byju’s, the country’s most-valuable startup backed by Tiger Global Management, for not yet filing its audited financial accounts for the year ended March 2021, according to people familiar with the matter.
Earlier this month, the nation’s Ministry of Corporate Affairs sent a letter to Byju’s parent company asking them to explain the seventeen-month delay in filing audited accounts, the people said, asking not to be named as the information is private. (Full Report)
Syrma SGS Technologies share listing today. Experts predict strong debut
Syrma SGS Technologies shares are going to hit Dalal Street today. As per the information available on the official BSE website, Syrma SGS Technologies IPO listing date has been fixed on Friday, 26th August 2022. The BSE website further informs that the equity shares of Syrma SGS Technology Limited shall be listed and admitted to dealings on the BSE and NSE exchange in the list of ‘B’ group of securities. (Full Story)
Wall Street rallies as countdown to Fed speech nears end
Stocks rallied Thursday as the countdown clicked closer to zero for a highly anticipated speech about interest rates.
The S&P 500 gained 58.35, or 1.4%, to 4,199.12 for its best day in nearly two weeks. Much of the lift came late in the day as traders made moves ahead of Friday morning’s speech by Federal Reserve Chair Jerome Powell, which has long been circled on Wall Street’s calendar.
The Dow Jones Industrial Average rose 322.55, or 1%, to 33,291.78, and the Nasdaq composite climbed 207.74, or 1.7%, to 12,639.27. All three indexes trimmed their losses for the week, caused by Monday’s tumble that was the worst for stocks in months.
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