Archive for September, 2016
Volatile stock market must not derail your listing plan; key things to consider while filing for IPO
09/27/2016
Indian economy is on a growth trajectory, and nothing can derail it, including the upcoming Lok Sabha elections in 2019, or even a possible change in the government. In this context, the short term stock market volatility must not deter companies from planning their IPOs and getting ready to raise funds by stock market listing,
09/27/2016
Home services marketplace Urban Company has recorded a 33 per cent jump in firm valuation to USD 2.8 billion in the employee stock sale programme concluded recently, the company said on Sunday. The company raised Series-F funding of USD 255 million in June, led by Prosus Ventures, Dragoneer and Wellington Management, with participation from Vy
09/27/2016
Hectic fundraising through IPOs will continue next week, with three firms – One97 Communications, owner of Paytm; Sapphire Foods India, which operates KFC and Pizza Hut outlets; and Latent View Analytics – are set to launch their initial share-sales to collectively mop up about Rs 21,000 crore. This comes after five companies successfully concluded their
09/27/2016
U.S. stock indexes retreated from record highs on Tuesday as a solid rise in producer prices last month deepened concerns over inflation, while General Electric surged on its plan to split into three public companies. The Labor Department producer prices data indicated high inflation, which has become a bigger concern for investors than the COVID-19
09/27/2016
Stocks fell on Friday after Chinese ride-hailing giant Didi said it would delist in New York, renewing concern about U.S.-China tensions and tech regulation, while oil headed for a sixth consecutive weekly drop on Omicron and rate hike worries. SP 500 futures fell about 0.5%. Hong Kongs Hang Seng dropped 1.3%, dragged by big tech
09/20/2016
Bangladesh has confirmed the presence of Omicron variant of the coronavirus in two players of the womens national cricket team, which recently returned from Zimbabwe. Both the cricketers are in quarantine at a hotel. They are in good health, Health Minister Zahid Maleque told reporters here late Saturday evening. Doctors are expecting their recovery by
09/20/2016
New real estate projects have seen an increase of 17 per cent in Tamil Nadu and administrative reforms are being pursued, Chief Minister M K Stalin said, asserting that the government is prepared for an overhaul of housing sector related old laws to simplify them in accordance with the present day needs. Efforts are on
09/20/2016
Adani Green Energy (AGEL) on Tuesday entered into a power purchase agreement (PPA) with state-run Solar Energy Corporation of India (Seci) to supply 4,667 MW of green power. This is the largest PPA, the Seci, the state-run green power aggregator, has clinched with any producer; AGEL called the pact the worlds largest. The contract is
09/20/2016
Capital markets regulator Sebi on Friday said it has lined up as many as 54 properties of Royal Twinkle Star Club and Citrus Check Inns for an auction on November 27 at a reserve price of Rs 259 crore. The move is part of Sebis efforts to recover funds worth thousands of crores of rupees
09/20/2016
BSE Sensex and NSE Nifty 50 were under the firm control of bears on Wednesday witnessing heightened volatility. SP BSE Sensex was down more than 450 points or 0.70% to trade just above 61,200,80% to give up 18,300. Despite the bearish market sentiment, ICICI Bank, State Bank of India, Infosys, and Tech Mahindra hit their
