Monday, May 27

Market

Economic news- Know the latest news about the commodity market price up and down, share market up and down, latest highest price rise and lowest down for shares and commodities all over the world.

Nestle India set first stock split date; Big Opportunity for Investors
Market

Nestle India set first stock split date; Big Opportunity for Investors

Mumbai, 21st December, 2023: Nestle India, the owner of popular brands like Nescafe, Maggi, and Kit Kat, is set to proposed stock split. The board of directors of this leading FMCG company has announced that January 5, 2024, will serve as the record date for the previously announced stock split. On October 19, Nestle's board granted approval for a stock split in the ratio of 1:10. This means that each equity share with a face value of ₹10 will be divided into 10 shares, each with a face value of ₹1. The stock split will result in an increased number of outstanding shares, thereby enhancing the liquidity of the share. Taking into account the most recent shareholding pattern available on the BSE, promoter entities presently hold a 62.8% stake in the company. Foreign institutional investo...
Zomato or Paytm? Which Stock is Good For Long Term
Market

Zomato or Paytm? Which Stock is Good For Long Term

Investing in stocks can feel a bit like peeking behind the curtain of a magic show. You know there's something fascinating going on, but you're just not sure how it all works. As a self-proclaimed stock market enthusiast, let me be your guide in this magic show, particularly focusing on two hot Indian stocks - Zomato and Paytm. Analysing Zomato: A Hearty Meal for Your Investment Back in the day, hunting for good food involved a bit of a treasure hunt. Luckily, with apps like Zomato, the treasure comes to us. But let's look beyond the plate—should we be hunting for Zomato stocks? In July 2021, Zomato was listed on the stock exchange. Even in its infancy, the stock looked promising, with an overwhelming response from the market. As an online food delivery service, Zomato has a sign...
Noteworthy Stock Market Crashes in History
Market

Noteworthy Stock Market Crashes in History

The stock market has always been a subject of fascination and concern for both seasoned investors and new entrants. Market trends and behaviors can significantly impact investment decisions, and predicting the future can seem like an elusive endeavor. In this article, we explore the potential for a stock market crash in the years 2023 and 2024, delving into various viewpoints from experts and analyzing key factors that could influence the market's stability. Historical Market Crashes Understanding the past can provide valuable insights into the future. While history does not repeat itself exactly, it often rhymes. Several major market crashes have shaped the course of financial markets in the past, such as the Great Depression of the 1930s, the Dotcom bubble burst in the early 2000s...
India’s First Drone Company ideaforge Technology IPO subscribed 13.27 times on Day 2
Market

India’s First Drone Company ideaforge Technology IPO subscribed 13.27 times on Day 2

28th July 2023, Bengaluru: The Indian drone maker company ideaforge Technology IPO was subscribed 13.27 times on the second day of share sale. The Rs 567.24 crore initial share sale received bids for 6,16,78,386 shares against 46,48,870 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 36.36 times subscription, non-institutional investors quota got subscribed 21.59 times and Qualified Institutional Buyers (QIBs) portion 1.34 times. The Initial Public Offer (IPO) has a fresh issue of up to Rs 240 crore and an offer for sale of up to 4,869,712 equity shares. The IPO is in a price range of Rs 638-672 a share. The grey market is expecting the drone maker to list around Rs 1,217 (Rs 672 + Rs 545), which is 81.10 per cent higher than t...
Asian Stock Market are Up, Japan’s Nikkei Strengthens
Market

Asian Stock Market are Up, Japan’s Nikkei Strengthens

TOKYO, 11th Jan 2023 – Asian shares were mostly higher on Wednesday off a rally on Wall Street that came ahead after the weaker yen also boosted buying sentiment in Japan, as the country’s exporters earn more when foreign profits are converted into yen. Japan’s benchmark Nikkei 225 NIK, +0.99% rose 1% in morning trading. Australia’s S&P/ASX 200 XJO, +0.95% gained about 1% and South Korea’s Kospi 180721, +0.17% gained about 0.2%. Hong Kong’s Hang Seng HSI, +1.02% climbed 1%, while the Shanghai Composite SHCOMP, +0.20% rose 0.2%. Benchmark indices in Taiwan Y9999 fell -0.34%, Malaysia FBMKLCI, +0.10% and Indonesia JAKIDX, -0.48%, while Singapore STI stocks gained +0.30%. Shares of Fast Retailing Co. 9983, +1.23%, which operates popular Japanese clothing retailer Uniqlo, rose 1.4% ...
Spotify Announces Stock Buyback up to $1 billion value
Market

Spotify Announces Stock Buyback up to $1 billion value

NEW YORK, 20th Aug 2021-- Online music streaming platform Spotify Technology S.A. (NYSE: SPOT) announced that it will commence a stock repurchase program beginning in the third quarter of 2021. Repurchases of up to 10,000,000 of the Company’s ordinary shares have been authorized by the Company’s general meeting of shareholders, and the Board of Directors approved such repurchases up to the amount of $1.0 billion. The authorization to repurchase will expire on April 21, 2026. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. The repurchase program will be executed consistent with the Company’s capital allocation strategy, which will continue to pr...
Food delivery platform Zomato’s IPO Oversubscribed
Market

Food delivery platform Zomato’s IPO Oversubscribed

Bengaluru, Jul 14th, 2021: India's leading food delivery platform Zomato's initial public offering was oversubscribed on an opening day with retail investors bidding for 2.7 times the number of shares reserved for them. The offer received bids for 75.60 crore equity shares against an IPO size of 71.92 crores, stock exchange data showed. Retail investors sought 2.69 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 34.88 crore shares were bid. Non-institutional investors put in bids for 13 percent against their reserved portion while 38.88 crore shares reserved for qualified institutional buyers (QIBs) were almost fully subscribed. Of the 38.09 crore shares sought by QIBs, over 36.84 crore was by foreign institutional investo...
Paytm to file DRHP for $2.3 billion IPO on July 12
Market

Paytm to file DRHP for $2.3 billion IPO on July 12

New Delhi, 5th July 2021: India's leading payment service provider which accounts for around 60% of online payment transactions Paytm will file a draft prospectus as early as July 12 for a domestic initial public offering (IPO) that seeks to raise $2.3 billion, as per the reports by Reuters. The money will be raised via the sale of Paytm stocks in the Indian stock market at an expected valuation of $24 billion to $25 billion with an option to raise more amount at a later stage. One97 Communications Ltd, the parent of Indian payments firm proposed a $2.3 billion IPO, that will make it India's third-biggest public listing after Coal India in 2010 and Reliance Power in 2008. The prospectus will be filed shortly after Paytm's extraordinary general meeting (EGM) of shareholders in Del...
Analytics Firm Similarweb Started Trading on NYSE, Raises $180 Million
Market

Analytics Firm Similarweb Started Trading on NYSE, Raises $180 Million

Tel Aviv, Israel, 17th May 2021: Digital Analytics firm Similarweb announced the trading of its initial public offering on the New York Stock Exchange. An aggregate of 8,000,000 ordinary shares were sold at a price to the public of $22.00 per share in the offering. Similarweb offered 7,500,000 ordinary shares and the selling shareholder named in the prospectus offered 500,000 shares. In addition, Similarweb has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 ordinary shares at the initial public offering price, less underwriting discounts and commissions. Founded in 2009, Analytics firm Similarweb raises $180 million at a valuation close to $1.6 billion. The shares are begin trading on the New York Stock Exchange under the ticker symbol “SMWB.” ...
Zomato Files for $1.1 Billion IPO, Info Edge will gain $100 million
Market

Zomato Files for $1.1 Billion IPO, Info Edge will gain $100 million

Bengaluru, 04/28/2021: India-based food delivery company Zomato files for a $1.1 billion IPO, and through this IPO its initial investor Info Edge will earn $100 million (Rs 750 crore) in the initial public offering. In a regulatory filing, Zomato is proposing IPO of its equity shares, comprising a fresh issue of equity shares by Zomato Ltd and an offer for sale by Info Edge (India) Ltd. On a fully converted and diluted basis, Info Edge's effective stake in Zomato stands at 18.4 per cent. "The Board of Directors of the Company today considered and have given their approval to the company to participate in the said Offer for Sale of up to a such number of shares of Zomato Ltd as would aggregate up to $1.1 billion (around 7500 crores)," it added. The terms and conditions of these...
Deliveroo IPO listing, Valuation could reach around $10 to $12 billion
Market

Deliveroo IPO listing, Valuation could reach around $10 to $12 billion

London, 03/25/2021: UK-based food delivery service Deliveroo said it plans to go public on April 4 via the London Stock Exchange at a price range of $5.35 to $6.32 per Share. The IPO listing could value the company around $10.5 billion to $12.1 billion. The Offer will comprise of new Shares to be issued by Deliveroo expecting to raise approximately $1.4 billion and existing Shares to be sold by certain existing shareholders. Will Shu, Founder, and CEO of Deliveroo said, "We are proud to be listing in London, the city where Deliveroo started. Becoming a public company will enable us to continue to invest in innovation, developing new tech tools to support restaurants and grocers, providing riders with more work and extending choice for consumers, bringing them the food they love from...
Online Learning Platform Coursera files for IPO
Market

Online Learning Platform Coursera files for IPO

MOUNTAIN VIEW, Calif., 8th March 2021-- Online learning platform Coursera has filed for an IPO with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Coursera has applied to list its common stock on the New York Stock Exchange under the ticker symbol “COUR”. Morgan Stanley and Goldman Sachs & Co. LLC will act as lead book-running managers for the proposed offering. As per the IPO filing, Coursera 51 percent revenue came from outside the US. The online learning platform reported a 59 percent revenue increase in 2020 that came from over 77 million registered users. More than 2,000 businesses (including 25 pe...