FIDELITY
!["Trump has no empathy, no morals and no fidelity to truth": Former White House press secretary at Democratic National Convention](https://img.etimg.com/thumb/msid-112667367,width-100,height-75,resizemode-4/news/international/world-news/trump-has-no-empathy-no-morals-and-no-fidelity-to-truth-former-white-house-press-secretary-at-democratic-national-convention.jpg)
"Trump has no empathy, no morals and no fidelity to truth": Former White House press secretary at Democratic National Convention
At the Democratic National Convention, former White House Press Secretary Stephanie Grisham endorsed Vice President Kamala Harris, condemning former President Trump for lacking empathy, morals, and truthfulness. Grisham recounted personal experiences with Trump and former First Lady Melania Trump, emphasizing her disillusionment with the Trump administration. The event also featured Jack Schlossberg, who compared Harris to his grandfather, President John F. Kennedy, highlighting her dedication to public service. The night included speeches from prominent Democrats, underscoring the party's vision for America's future.
![Online trading platforms down for thousands of users, Downdetector shows](https://img.etimg.com/thumb/msid-112294655,width-100,height-75,resizemode-4/markets/stocks/news/online-trading-platforms-down-for-thousands-of-users-downdetector-shows.jpg)
Online trading platforms down for thousands of users, Downdetector shows
Online brokerages including Charles Schwab and Fidelity Investments were down for thousands of users on Monday, according to outage tracking website Downdetector.com.
![Fidelity, Nomura line up bids for Ola Electric IPO](https://img.etimg.com/thumb/msid-112089287,width-100,height-75,resizemode-4/tech/technology/fidelity-nomura-line-up-bids-for-ola-electrics-india-ipo-sources-say.jpg)
Fidelity, Nomura line up bids for Ola Electric IPO
Ola Electric's roughly $740 million IPO will open this week and will be the first by an Indian electric vehicle maker. Fidelity will place bids of around $75 million while Nomura and Norges will bid $100 million each in Ola's so-called IPO anchor book.
![Ultratech Cement among 11 stocks to trade ex-dividend on Tuesday. Last date to buy today](https://img.etimg.com/thumb/msid-112093739,width-100,height-75,resizemode-4/markets/stocks/news/ultratech-cement-among-11-stocks-to-trade-ex-dividend-on-tuesday-last-date-to-buy-today.jpg)
Ultratech Cement among 11 stocks to trade ex-dividend on Tuesday. Last date to buy today
Earlier in the month of April, Ultratech Cement’s board had declared a dividend of Rs 70 per share for all its eligible shareholders.
![Fidelity-backed Colt DCS to invest Rs 8,500 cr in Navi Mumbai hyperscale data centre](https://img.etimg.com/thumb/msid-111791793,width-100,height-75,resizemode-4/industry/services/property-/-cstruction/fidelity-backed-colt-dcs-to-invest-rs-8500-cr-in-navi-mumbai-hyperscale-data-centre.jpg)
Fidelity-backed Colt DCS to invest Rs 8,500 cr in Navi Mumbai hyperscale data centre
The Fidelity Investments-backed global data centre solutions firm will set up the new 100 MW data centre adjacent to its existing operational data centre that has nearly 25 MW capacity in Airoli, making it a hyperscale and enterprise solution data centre campus.
![Bain Capital to buy financial software vendor Envestnet in $4.5 bln deal](https://img.etimg.com/thumb/msid-111665826,width-100,height-75,resizemode-4/news/international/business/bain-capital-to-buy-financial-software-vendor-envestnet-in-4-5-bln-deal.jpg)
Bain Capital to buy financial software vendor Envestnet in $4.5 bln deal
Bain Capital acquires Envestnet for $4.5 billion with backing from BlackRock and Fidelity. Bain offers $63.15 per share. Reuters revealed Envestnet, a financial software vendor in Berwyn, Pennsylvania. CEO Crager transitions in April after Impactive Capital pushed for new directors post a strong first quarter. Explored a sale in 2022. Partners include Franklin Templeton, State Street for custom strategies.
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Fidelity funds sell Rs 1,788-cr HCL Tech shares
ICICI Prudential Mutual Fund was the single largest buyer at 1,001 crore, followed by Morgan Stanley Asia Singapore PTE and Citigroup Global Markets Mauritius fund. Shares of HCL Technologies closed 0.42% up on NSE at 1,461 Friday.
Rs 15,000 crore gone! Check out 3 reasons why a weaker Modi 3.0 still won't scare FIIs
Around Rs 15,000 crore has been withdrawn by FIIs from India in the last four days amid election uncertainties, causing concern on Dalal Street about the impact of a weaker Modi 3.0 mandate on further outflows.
Lenskart $200M secondary deal; Baron bumps up Swiggy’s valuation
Singapore's Temasek and US-based Fidelity have invested $200 million in Lenskart through a secondary share sale. This and more in today’s ETtech Top 5.
Temasek, Fidelity pick up $200 million stake in Lenskart secondary deal at $5 billion valuation
Singapore's Temasek and US financial service major Fidelity invest $200 million in Lenskart through a secondary share sale, valuing the company at $5 billion.
Ethereum ETFs: Why it is a game-changer for mainstream crypto adoption
Ethereum's pivotal role in propelling the mainstream adoption of crypto cannot be overstated. As the market undergoes continuous evolution, Ethereum stands as a cornerstone, guiding the industry toward unprecedented growth and innovation.
FPIs take out Rs 25,586 cr from equities in May on poll jitters, attractive valuations in China
GDP growth numbers released on Friday painted a very optimistic picture. Q4FY24 GDP growth came in at 7.8 per cent surpassing the 6.7 per cent expectation, while the full-year FY24 growth stood at 8.2 per cent
India stands out for EM investors in ageing world
The investors are focusing on the two nations in emerging Asia, thanks in part to an expected boom in infrastructure spending, which in turn bodes well for the countries' economies.
Go Digit to debut at the bourses today; here's what GMP signals ahead of listing
The Go Digit IPO garnered a robust reception, with the company's shares commanding a premium of Rs 25 in the unlisted market. Demand for the issue surged nearly 10 times by the close, fueled by strong interest from both retail and institutional investors.
Hong Kong mulls nod for Ether ETF staking in contrast to US
The talks are ongoing and there's no clear timeline for a decision, the people added, asking to not be identified discussing private information. A spokesperson for the SFC didn't immediately respond to a request for comment.
Go Digit makes stock market debut, gains 12% on issue price
Ahead of the issue opening, the firm raised about Rs 1,176 crore in the anchor round, where Fidelity Investments, Goldman Sachs, ADIA, and Custody Bank of Japan were among the investors.
Recent Crypto funding surge set to transform the Altcoin market in 2024; 5 top Cryptos to watch
Cryptocurrency startup funding surged by 40.3% to $2.4 billion in Q1 2024, while global venture capital investments hit a five-year low. Bitcoin price soared to $73,803 after BlackRock and Fidelity approved bitcoin spot ETFs.
Go Digit sees moderate listing, but analysts project optimism. What investors should do
Analysts said Go Digit's position as the fastest-growing private non-life insurer by GWP in India positions it for continued success in the insurance market. The company's advanced technology platform and focus on innovation bode well for its future.
Virat Kohli-backed Go Digit debuts at 5% premium over IPO price
Go Digit's shares listed on NSE and BSE at a premium. The stock debuted at Rs 286 on NSE and Rs 281.1 on BSE, with strong interest from buyers.
Granules promoter Chigurupati sells stake
About 75 lakh shares worth 303.81 crore were sold at 405.08 apiece and were bought by 8 funds at 405-405.1. Axis MF, Massachusetts Institute of Technology and Fidelity Funds' India Focus Fund were the top buyers.
Venture capital funding in crypto rises to $2.4 billion: PitchBook
Funding was spread across 518 deals and rose by 40.3% from the previous quarter, according to data firm PitchBook. Global venture capital investments dropped to a near five-year low in the same period.
Despite healthy response to IPO, Go Digit GMP slips on allotment day
Go Digit shares were trading with a GMP of Rs 50 in the unlisted market when the IPO opened for subscription. However, it has seen a consistent slide in the past few days and is currently trading with a premium of just Rs 25.
Cryptocurrency Price on May 21: Bitcoin jumps above $71k amid inflows in spot BTC ETFs; Ethereum, Avalanche rally up to 19%
During Tuesday's trading session, Bitcoin saw a significant surge of over 6%, reaching $71,178. This surge was driven by increased buying activity and renewed capital inflows into spot BTC ETFs.
From Tokyo to New York, stock markets are on a record-hitting spree around the world
Equity markets worldwide are experiencing highs. In the US, the S&P 500 and Nasdaq 100 indexes hit records this week, while the Dow Jones Industrial Average crossed 40,000 for the first time ever. Meanwhile, the biggest bourses in Europe, Canada, Brazil, India, Japan and Australia are currently at or near their peaks.
Go Digit General Insurance IPO subscribed 9.6 times
The Bengaluru based insurtech startup saw the retail portion subscribed 4.3 times, non institutional investors subscribed 7.2 times while qualified institutional buyers subscribed to the IPO 12.5 times. The Fairfax backed startup is looking to go public at a valuation of $3 to $3.2 billion
Go Digit retail portion subscribed 1.4 times
The portion for non-institutional investors was subscribed 0.3 times. Overall, on day 1, the insurtech company's issue was subscribed 0.36 times. Fairfax-backed Go Digit General Insurance, which runs Digit Insurance, had already raised ₹1,176.5 crore from anchor investors a day ahead of its IPO.
Go Digit General Insurance raises Rs 1,176 crore in pre-IPO funding
Fidelity, Goldman Sachs, ADIA, Steadview Capital, SBI MF, ICICI Prudential MF and Axis MF are among the anchor investors that participated. Digit Insurance has set a price band of Rs 258 to Rs 272 per share for its initial public offering, which opened on Wednesday, seeking a valuation of $3-3.2 billion.
Hit romantic movies you can watch on Hulu this week. Here are details
If you are craving summer romance, Hulu is the best destination for you this month as some amazing romantic content lies in the wait for you. Be it a holiday romance, a heartbreaking drama, or a love triangle story, the popular streaming platform has got it all locked and loaded for you to start binging.
Indegene stock debuts with 46% premium over issue price
Indegene's stock debuts at Rs 659.7, a 46% premium over the issue price. The IPO, oversubscribed 70 times, raised funds for debt and capital expenditure. Revenue reached Rs 1,969 crore for the period ending December 2023.
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