 "Hydra Trading sells 1.24% stake in RBL Bank for ₹152 crore, as shares plummet, while Plutus Wealth acquires SpiceJet shares.")
Hydra Trading has sold a 1.24 percent stake in RBL Bank for over Rs 152 crore through an open Market transaction. The sale involved 75.11 lakh shares, averaging Rs 203 each. As of the end of June, Hydra Trading held a 1.25 percent stake in the private lender. Following the transaction, RBL Bank’s shares fell ...
 "SpiceJet settles salary debts and faces operational turmoil, despite raising funds, while market share continues to plummet dramatically.")
SpiceJet, a low-cost airline in India, has cleared all pending salary dues for its employees after raising Rs 3,000 crore through a qualified institutional placement. However, it has recently faced significant financial challenges, including a decline in Market share from 5.6% in January 2023 to just 2.3% in August 2024. The airline owes Rs 3,700 ...
 "Intel faces a tumultuous future as shares plummet, while Apollo and Qualcomm eye investments and potential takeover deals.")
Intel, once a dominant force in chip manufacturing, is facing significant challenges, with its share price plummeting nearly 60% since early 2024. In a bold move to revitalize the company, investment firm Apollo Global Management has proposed a $5 billion investment, which Intel executives are currently reviewing. This investment could be vital for Intel’s turnaround ...
India is experiencing a significant drop in exports to China, with a 22.44% decline to $1 billion in August, compared to an overall export decrease of 9% to $34.7 billion. Despite this contraction, China’s dependency as India’s largest import partner remains strong, with imports rising by 15.5% year-on-year to $10.8 billion. Key export items to ...
 "Manufacturing exports plummet from 18% in FY13 to just 1.8% in FY24, signaling a dramatic decline in international sales.")
In a concerning trend for India’s manufacturing sector, the share of exports in total sales has plummeted by nearly two-thirds over the last decade, ending in the financial year 2022-23. Exports once made up over 18 percent of manufacturing sales in FY13, but this figure dropped dramatically to just 6.8 percent in FY23. Early estimates ...
 "India’s Energy Market Soars: Prices Plummet Amid Renewable Revolution")
In August 2024, the Indian Energy Exchange (IEX) reported a significant rise in total trade volume, increasing by 35.8% year-on-year to reach 12,040 million units. Electricity trading also grew, with a 17.1% rise to 9,914 million units. The Market Clearing Price in the Day-Ahead Market dropped 38% to Rs 4.28 per unit, while the Real-Time ...
 "China’s Housing Crisis Deepens: Real Estate Sales Plummet Amid Economic Struggles")
China’s real estate Market is facing a severe downturn, with new-home sales plummeting by 26.8% in August compared to last year, reaching 251 billion yuan ($35.4 billion). This decline is more significant than the previous month’s drop and reflects the fading effects of a recent rescue package. In response, at least 10 cities have adjusted ...
 "Car Sales Plummet as Dealer Stock Soars Amidst Dwindling Demand Crisis")
In August 2024, domestic passenger vehicle sales in India fell by 2-3% year-on-year, totaling about 355,000 units. This decline is attributed to sluggish demand and high unsold inventory, with dealers holding around 730,000 cars, enough to last over two months. Maruti Suzuki, the leading carmaker, cut its dealer dispatches by around 13,000 units, leading to ...
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