Longtime CBS Mornings co-host Gayle King may not be greeting viewers with her signature smile next year, as the network ponders reassigning her elsewhere.
US equity futures climbed as strong earnings from Apple and Amazon fueled a post-market tech rally, offering a reprieve after Thursday's sharp selloff. Despite a brief boost from tech giants, concerns linger over the massive AI spending and its potential returns, leading to a cautious outlook for the market.
India's IPO market anticipates a blockbuster November, with over 76,000 crore in public issues expected across various sectors. This surge is driven by a strong Q4 trend, a rebound in the secondary market, and the urgency to comply with US financial statement regulations before year-end.
Lenskart Solutions is set to raise over 7,000 crore through its upcoming IPO. The eyewear retailer aims to fund expansion and acquisitions. Despite a growing revenue and a recent profit, the company's valuation appears high. Lenskart operates in a competitive market with a significant unorganised segment. Investors may observe financial clarity post-listing.
Sebi has proposed changes to non-benchmark indices like Bankex, Banknifty, and Finnifty, expanding individual stock weights. The regulator capped the top constituent's weight at 20% and the top three at 45%, with at least 14 constituents. These adjustments aim to enhance transparency and reduce single-stock risk in index derivatives.
