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Get the appGetWall Street's enthusiasm for initial public offerings (IPOs) has cooled down amid weak investor demand and concerns over company valuations. This slowdown reflects growing caution among investors and companies about market conditions, impacting the pace and volume of new stock listings. Financial Times reports highlight these challenges affecting the IPO market.
Financial Times·
EntertainmentDhurandhar 2 led Bollywood's biggest opening day collections with Rs 75 crore, directed by Aditya Dhar and starring Ranveer Singh. Pushpa 2 followed with Rs 65 crore in its Hindi dubbed version, while Shah Rukh Khan's Jawan earned Rs 63.87 crore. Drishyam 3 collected Rs 62 crore during Gandhi Jayanti, and Pathaan made Rs 55.72 crore, marking record-breaking box office performances.
News18 Movies·
BusinessActress Jessica Capshaw and her husband Christopher Gavigan purchased a 1927 Spanish Colonial-style home in Santa Monica for $3.05 million in 2007. They fully restored the property, replacing the old garage with an eco-friendly guesthouse. In 2020, they sold the home in an off-market deal for $5.75 million, making a significant profit.
TOI World··Santa Monica
EntertainmentAfter the slow start of the film 'Digger' in theaters, Tom Cruise shared a social media post to encourage his team. He also posted behind-the-scenes photos from the shoot, expressing gratitude and support despite the film's underperformance.
Amar Entertainment·
BusinessThe Swiss watch industry is shrinking in volume, with exports halving over the past decade due to competition from smartwatches, especially quartz models. However, luxury brands like Rolex are thriving, selling nearly 1.2 million watches last year and generating over SFr11 billion in revenue, up from SFr8 billion in the early 2020s. Despite lower volumes, the value of Swiss watch exports rose 9.1% year-on-year in August, marking the fourth consecutive monthly increase.
HT World·
PoliticsSecurity forces in Jammu and Kashmir launched search operations in the forest areas of Rajouri and Udhampur districts after reports of suspected terrorist movement. Three suspected terrorists abducted a villager, Anil Sudan, near Upper Lardia in Rajouri but released him after using him as a guide. Police and Army are conducting combing operations, with no contact made yet. Additional searches continue in Mandugala Dhok forest and Chigli Keya village.
Deccan Herald··Jammu and Kashmir
Financial Times·
Wall Street's enthusiasm for initial public offerings (IPOs) has cooled down amid weak investor demand and concerns over company valuations. This slowdown reflects growing caution among investors and companies about market conditions, impacting the pace and volume of new stock listings. Financial Times reports highlight these challenges affecting the IPO market.
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