GAGA Share Market News

[hfe_template id='11223'] [ad_1] European shares slipped on Wednesday after a strong start to the week, as concerns over corporate profits deepened following news that Nvidia would shoulder billions in charges due to U.S. export curbs to China. Adding to tech woes, ASML, the world's biggest supplier of computer chip-making equipment, warned that tariffs were increasing uncertainty for its outlook for 2025 and 2026, sending its shares 7.4% lower. The pan-European STOXX 600 index fell 0.9%, as of 0706 GMT, after two days of gains although market moves were tamer compared to a week ago. Other regional indexes - Germany, France, Spain, and the UK also fell between 0.3% and 0.8%. Nvidia faced a $5.5 billion charge related to its most advanced chip available for sale in China, as U.S. attempts to keep ahead in the AI race. Live Events The European technology sector fell 3.2%, leading declines among sectors. The outlook for European corporate earnings has worsened as th...

[hfe_template id='11223'] [ad_1] The Bhatia family, promoters of India's largest airline IndiGo, is likely to to sell a 2% stake in the company on Tuesday for approximately ₹3,292.3 crore ($394 million) through a block deal, as per a term sheet reviewed by ET. This is the first time the Bhatia Family is selling their stake in InterGlobe Aviation post the IPO. The term sheet indicates that the seller is InterGlobe Enterprises Private Ltd, through which Rahul Bhatia, one of the company's promoters, held a 37.91% stake in the company as of March 2024, according to BSE filings. Together, the Bhatia and Gangwal Families hold a 57.29% stake in InterGlobe Aviation. Following the block deal, there will be a lock-up period of 365 days for the seller, according to the term sheet. The sellers are offering 7.71 million shares for sale, at a price ranging from ₹4,266 to ₹4,562.55 per share, the closing price on Monday. Citigroup is the banker for the deal. Interglobe Enterpr...