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NRIPage | Articles | #ola-valuation-decline | Get Latest Political News & Updates, Sports News, Latest NRI News & Updates, Latest International News & Updates in India, USA & other countries around the world in - NRI Page
In the early months of 2025, U.S. consumer spending on air travel, hotels, and restaurants saw a notable decline, signaling a shift in spending habits amid economic uncertainty. According to data from Bloomberg Second Measure, U.S. consumer spending on air travel dropped by 10% in February 2025, while spending on hotels decreased by 6%, compared to the same time last year. In addition, restaurant spending saw a 3.5% decrease, further highlighting
In the early months of 2025, U.S. consumer spending on air travel, hotels, and restaurants saw a notable decline, signaling a shift in spending habits amid economic uncertainty. According to data from Bloomberg Second Measure, U.S. consumer spending on air travel dropped by 10% in February 2025, while spending on hotels decreased by 6%, compared to the same time last year. In addition, restaurant spending saw a 3.5% decrease, further highlighting
The aggressive trade policies of US President Donald Trump have sent shockwaves through global markets, with Wall Street facing a significant downturn. Major indices such as the S&P 500, Nasdaq, and Dow Jones witnessed sharp declines in the overnight trading session. The financial turbulence erased a staggering $4 trillion from the S&P 500's peak just last month.
Impact on Major Tech Stocks
The recent sell-off disproportionately
The aggressive trade policies of US President Donald Trump have sent shockwaves through global markets, with Wall Street facing a significant downturn. Major indices such as the S&P 500, Nasdaq, and Dow Jones witnessed sharp declines in the overnight trading session. The financial turbulence erased a staggering $4 trillion from the S&P 500's peak just last month.
Impact on Major Tech Stocks
The recent sell-off disproportionately
Tesla’s stock has been on a steady decline for seven consecutive weeks, raising concerns about the company’s future amid growing competition and CEO Elon Musk’s increasing political involvement. Since the beginning of 2024, Tesla’s stock has faced ongoing struggles, with a steady drop in value for seven straight weeks. This comes as CEO Elon Musk has taken on a more prominent political role in Washington, leading some investors to wo
Tesla’s stock has been on a steady decline for seven consecutive weeks, raising concerns about the company’s future amid growing competition and CEO Elon Musk’s increasing political involvement. Since the beginning of 2024, Tesla’s stock has faced ongoing struggles, with a steady drop in value for seven straight weeks. This comes as CEO Elon Musk has taken on a more prominent political role in Washington, leading some investors to wo
Indian stock markets experienced a significant fall in early trade on Monday, even though the Reserve Bank of India (RBI) announced a rate cut and the Bharatiya Janata Party (BJP) emerged victorious in the Delhi Assembly elections. The benchmark indices opened lower and continued to decline amid growing selling pressure. The BSE Sensex lost over 600 points, while the NSE Nifty dropped nearly 200 points.
The Sensex hit a low of 77,189.04, down from the previous session&
Indian stock markets experienced a significant fall in early trade on Monday, even though the Reserve Bank of India (RBI) announced a rate cut and the Bharatiya Janata Party (BJP) emerged victorious in the Delhi Assembly elections. The benchmark indices opened lower and continued to decline amid growing selling pressure. The BSE Sensex lost over 600 points, while the NSE Nifty dropped nearly 200 points.
The Sensex hit a low of 77,189.04, down from the previous session&
Summary:
Indian stock market saw a sharp decline: Sensex fell over 700 points, Nifty down nearly 300 points.
Decline triggered by global factors, including new US tariffs on Mexico, Canada, and China.
Foreign investor selling pressure continues, with FPIs pulling out significant funds from Indian markets.
Rupee hits a record low of Rs 87.07 against the US dollar.
Despite post-Budget relief for some sectors, overall
Summary:
Indian stock market saw a sharp decline: Sensex fell over 700 points, Nifty down nearly 300 points.
Decline triggered by global factors, including new US tariffs on Mexico, Canada, and China.
Foreign investor selling pressure continues, with FPIs pulling out significant funds from Indian markets.
Rupee hits a record low of Rs 87.07 against the US dollar.
Despite post-Budget relief for some sectors, overall
Ola, the ride-hailing giant, has seen its valuation slashed by 72%, falling to around $2 billion from its peak of $7.3 billion in late 2021, according to Vanguard’s recent regulatory filings. The US-based asset manager now values its shares in ANI Technologies, Ola’s parent company, at $14.3 million, a steep drop from its initial $51 million investment. This markdown is an internal adjustment by Vanguard, reflecting Ola’s recent challenges, including high-level departures an
Ola, the ride-hailing giant, has seen its valuation slashed by 72%, falling to around $2 billion from its peak of $7.3 billion in late 2021, according to Vanguard’s recent regulatory filings. The US-based asset manager now values its shares in ANI Technologies, Ola’s parent company, at $14.3 million, a steep drop from its initial $51 million investment. This markdown is an internal adjustment by Vanguard, reflecting Ola’s recent challenges, including high-level departures an