MakeMyTrip Agrees To Acquire Happay, Bolstering Its Arsenal For Corporate Travel Solutions
Acquisition Announcement: MakeMyTrip Limited is acquiring the Happay Expense Management Platform from CRED, enhancing its corporate travel and expense management services. The deal is expected to close within 90 days.
Leadership Statements: MakeMyTrip's CEO emphasized that this acquisition aligns with their strategy to lead in the corporate travel space, while CRED's founder highlighted the opportunity for both teams to focus on their strengths and drive growth in their respective domains.
Trade with 70% Backtested Accuracy
Analyst Views on FMQQ
No data
About the author
MakeMyTrip Agrees To Acquire Happay, Bolstering Its Arsenal For Corporate Travel Solutions
Acquisition Announcement: MakeMyTrip Limited is acquiring the Happay Expense Management Platform from CRED, enhancing its corporate travel and expense management services. The deal is expected to close within 90 days.
Leadership Statements: MakeMyTrip's CEO emphasized that this acquisition aligns with their strategy to lead in the corporate travel space, while CRED's founder highlighted the opportunity for both teams to focus on their strengths and drive growth in their respective domains.
What's Going On With Nu Holdings Stock Today?
Financial Performance: Nu Holdings Ltd. reported a strong second quarter with a 25% year-over-year increase in customers, reaching 104.5 million, and achieved a 28% return on equity despite challenges from weaker currencies in Latin America.
Market Impact: NU stock has risen over 60% in the past year, with significant investments from Warren Buffett's Berkshire Hathaway, which holds over 107 million shares.
Supreme Court Allows Merchants To Challenge Debit-Card Swipe Fees Beyond Six-Year Statute
- U.S. Supreme Court Ruling: Merchants can challenge debt-card swipe fees beyond a six-year statute, impacting federal agency power.
- Court Decision Details: Justices voted 6-3, allowing a North Dakota store to sue over a 2011 rule despite the time limit due to its opening date in 2018.
- Impact of Rulings: Recent decisions could lead to more challenges against agency rules and potentially disrupt federal government operations.
- Background on Fed Rule: The ruling relates to a 2010 Dodd-Frank Act provision aiming to regulate swipe-fee rates as "reasonable and proportional."
- Market Reaction: Debit-card stocks and ETFs had mixed responses to the Supreme Court ruling, with some companies like Discover Financial Services rising while others like Nu Holdings Ltd. and CPI Card Group Inc. declining.
Sea Limited Beats Q4 Revenue Expectations, Eyes Positive EBITDA for Shopee in Second Half
Sea Limited Q4 revenue up 4.8% to $3.62B, beats estimates; adjusted EPS loss narrows to $(0.19).
Digital Entertainment down 46.2% Y/Y; e-commerce grows 24.2%, with Shopee set for positive EBITDA H2.
MakeMyTrip Agrees To Acquire Happay, Bolstering Its Arsenal For Corporate Travel Solutions
Acquisition Announcement: MakeMyTrip Limited is acquiring the Happay Expense Management Platform from CRED, enhancing its corporate travel and expense management services. The deal is expected to close within 90 days.
Leadership Statements: MakeMyTrip's CEO emphasized that this acquisition aligns with their strategy to lead in the corporate travel space, while CRED's founder highlighted the opportunity for both teams to focus on their strengths and drive growth in their respective domains.
What's Going On With Nu Holdings Stock Today?
Financial Performance: Nu Holdings Ltd. reported a strong second quarter with a 25% year-over-year increase in customers, reaching 104.5 million, and achieved a 28% return on equity despite challenges from weaker currencies in Latin America.
Market Impact: NU stock has risen over 60% in the past year, with significant investments from Warren Buffett's Berkshire Hathaway, which holds over 107 million shares.
Supreme Court Allows Merchants To Challenge Debit-Card Swipe Fees Beyond Six-Year Statute
- U.S. Supreme Court Ruling: Merchants can challenge debt-card swipe fees beyond a six-year statute, impacting federal agency power.
- Court Decision Details: Justices voted 6-3, allowing a North Dakota store to sue over a 2011 rule despite the time limit due to its opening date in 2018.
- Impact of Rulings: Recent decisions could lead to more challenges against agency rules and potentially disrupt federal government operations.
- Background on Fed Rule: The ruling relates to a 2010 Dodd-Frank Act provision aiming to regulate swipe-fee rates as "reasonable and proportional."
- Market Reaction: Debit-card stocks and ETFs had mixed responses to the Supreme Court ruling, with some companies like Discover Financial Services rising while others like Nu Holdings Ltd. and CPI Card Group Inc. declining.
Sea Limited Beats Q4 Revenue Expectations, Eyes Positive EBITDA for Shopee in Second Half
Sea Limited Q4 revenue up 4.8% to $3.62B, beats estimates; adjusted EPS loss narrows to $(0.19).
Digital Entertainment down 46.2% Y/Y; e-commerce grows 24.2%, with Shopee set for positive EBITDA H2.
