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Kusumgar IPO Closes at 128.85x Subscription; 39% GMP Signals Strong Listing Gain on July 15
Kusumgar IPO closes 128.85x oversubscribed with 39% GMP, signaling a potential listing gain of Rs 163 per share. QIBs led demand at 284x subscription.
Prime’s Australian Distributor Collapses Into Administration With A$7.92M Debt
Prime’s Australian distributor Congo Brands Australia enters administration with A$7.92M debt and only A$85,000 cash. Sales fell 53% as the viral drink brand struggles locally.
SK Hynix Surges 13% in Record $26.5B US Debut on July 10
SK Hynix raises $26.5 billion in record US IPO, largest foreign listing ever. Stock surges 13% on first day as AI chip demand drives memory shortage.
British Airways Cuts 7 Long-Haul Routes While Adding Orlando Service on July 11
British Airways cuts 7 long-haul routes and launches new services including Orlando flights from July 21, 2026. The carrier is consolidating between Heathrow and Gatwick to improve efficiency and capture premium travel demand.
Carnival Declares $0.15 Quarterly Dividend on July 9, 2026
Carnival Corporation declares $0.15 quarterly dividend payable August 28, 2026. Fourth consecutive quarterly payout since December 2025 reinstatement. Stock trades at $26.83 with 2.25% yield.
SK Hynix Surges 14% in Record $26.5B Nasdaq Debut on July 10
SK Hynix debuts on Nasdaq with 14% gain in $26.5B offering, the largest US listing by a foreign firm. The chip maker supplies critical AI memory as South Korea invests $880B in semiconductor capacity.
Prime’s Australian Distributor Collapses Into Administration With £4.8M Debt
Prime’s Australian distributor Congo Brands Australia enters administration owing AU$7.92 million with only AU$84,855 cash. Sales fell 53% to AU$14.5 million in 2024.
Nissan Shifts 400 Workers to Kyushu as Restructuring Accelerates
Nissan Motor relocates 400 workers from Kanagawa to Kyushu plants amid global restructuring. Stock trades at ¥310.50 with Meyka grade C and negative earnings outlook.
Cognizant Stock Falls 1.9% as US Launches H-1B Visa Fraud Probe, July 11
Cognizant faces scrutiny in Trump administration’s H-1B visa fraud investigation. Labor officials have issued dozens of subpoenas targeting alleged labor trafficking and wage-kickback schemes in the visa program.