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BSE, NSE to Suspend Share Trading of Nine Companies

21Aug By Gauri SinghNo Comments

Market

BSE, NSE to Suspend Share Trading of Nine Companies

It has come to a shock that BSE and NSE, the leading stock exchanges are going to suspend trading in shares of nine companies. Among these companies, banking fraud accused Mehul Choksi's Gitanjali Gems is also included. The trading of Gitanjali will be suspended from 10 September 2018 for not following the listing norms related to the submission of financial results. The trading is being suspended because of companies’ inability to comply with the regulations of LODR (Listing Obligations and Disclosure Requirements) regulations for two consecutive quarters. The firms whose stocks will be suspended for trading are as follows: - Gitanjali Gems - Easun Reyrolle - Amtek Auto - Panoramic Universal - Haryana Financial Corporation - Thambbi Modern Spinning M...

Are Foreign Direct Investments Facing a Decline in India?

20Aug By Gauri SinghNo Comments

Market

Are Foreign Direct Investments Facing a Decline in India?

Foreign Direct Investment which means the investment that is made by a person or a firm in any business interest situated in another country seems to be showing a new record in the financial year 2018. However, according to a report, over the last fifteen years, the FDI flows into the country show that they do not have much to do with the political organization at the Centre. The United Progressive Alliance 2 (UPA-2) started off on a high note but later fell victim to ‘policy paralysis’ at the end of its duration. However, it showed major declines in FDI inflows in two consecutive years, and also it saw a bounceback in FDI in its final year. The National Defence Academy (NDA) flagged off with 20% plus FDI growth rates in its first two years. Instead of bringing in reforms in GST, it ...

Cipla’s Ugandan Unit Expects to Raise $45 million from IPO

15Aug By Gauri SinghNo Comments

Market

Cipla’s Ugandan Unit Expects to Raise $45 million from IPO

India’s pharmaceutical giant Cipla’s Ugandan unit is reportedly aiming to raise $45 million from initial public offering (IPO). The company priced its IPO at 256.5 shillings per share. This amount is expected to be raised from its listing on the Kampala stock exchange next month. Cipla Quality Chemical Industries is majority owned by India's third-largest drugmaker and is selling 657,179,319 shares or an 18 per cent stake in the company. In this regard, the company has stated that each of its shareholders would be “selling a minority of their stakes” in the IPO and also the transaction and potential listing had gained regulatory approvals. The company expressed as part of its growth strategy, it “has been evaluating an initial public offering and listing of its issued share capital ...

China’s Electric Car Maker Nio Files an IPO to Raise $1.8 Billion

14Aug By Gauri SinghNo Comments

Market

China’s Electric Car Maker Nio Files an IPO to Raise $1.8 Billion

A Chinese electric car maker Nio has announced its filing to go public on the New York Stock Exchange. The company through this initial public offering (IPO) is looking to raise $1.8 billion. With this, Nio has become the first Chinese automaker to seek a listing in the U.S. This news comes at a time when Elon Musk is looking forward to taking Tesla private. The company seems to represent new competition to automaker Tesla. "We are generally targeting to launch a new model every year in the near future as we ramp up our business," the company stated. The initial public offering is being led by Morgan Stanley, Goldman Sachs Group Inc., JP Morgan Chase & Co., Bank of America Corp., Deutsche Bank AG, Citigroup Inc., Credit Suisse Group AG and UBS Group AG. The company applied to l...

3Aug By AnkitaNo Comments

Market

China Replaced by Japan as World’s Second Biggest Stock Market

As per the latest report, World's second-biggest economy China lost its second position as the world's second-biggest stock market by Japan. The latest market figure shows the total Chinese stock market worth USD 6.09 trillion, compared with USD 6.17 trillion in Japan. The US stock market is leading in the world with the total worth of $31 trillion. The Chinese economy suffering from the latest trade war with the US and slowing economy. In late 2014, China overtook the second position from Japan then soared to an all-time high of more than $10 trillion in June 2015. Chinese stock market Shanghai Stock Exchange slum 16% in this year and Industrial and tech stocks have been among the worst performers.

Cryptocurrency Bitcoin Falls Below $8000

31Jul By AnkitaNo Comments

Market

Cryptocurrency Bitcoin Falls Below $8000

In a recent news, Cryptocurrency Bitcoin fell below $8000, as investors stepped away from the risk exposure to cryptocurrencies, due to selloff in shares of technology and internet companies spilled over into other high risk assets Bitcoin is a cryptocurrency, a kind of electronic cash. It is a decentralized digital currency without a central bank or single administrator, though some researchers point at a trend towards centralization. It can be sent from user to user on the peer-to-peer bitcoin network directly, without the need for intermediaries, though intermediaries are widely used. “It looks like the entire market is in a risk-off mood today. It started with the (FAANG) stocks, but the mood seems to be dragging down crypto markets as well at the moment,” said Mati Gree...

Facebook CEO Mark Zuckerberg Loses $15 Billion in Just 5 Minutes

27Jul By Gauri SinghNo Comments

Market

Facebook CEO Mark Zuckerberg Loses $15 Billion in Just 5 Minutes

Mark Zuckerberg, the founder and CEO of the most popular social networking platform Facebook lost $15.1 billion in just 5 minutes! For most of the world’s richest people, losing $15.1 billion in five minutes would be a wipeout. However, for Mark Zuckerberg, it’s just about a sixth of his net worth. The Facebook CEO lost a considerable amount of wealth as shares of the social-media giant plunged 19 per cent on Thursday. This loss recorded the biggest one-day wipeout of individual wealth ever recorded on the ranking, which started tracking the world’s biggest fortunes in 2012. Other big Facebook investors also took a hit as disappointing second-quarter results terminated $119 billion of market value, the most ever in a day for a U.S. company. Co-founders Dustin Moskovitz and Eduardo Sa...

SaleBhai Finally Set to Launch IPO on 27th July

25Jul By Gauri SinghNo Comments

Market

SaleBhai Finally Set to Launch IPO on 27th July

SaleBhai’s IPO has been a trending news from the past few days. And with a confirmation, it has been reportedly announced that the early-stage B2C e-commerce startup is now all set to make an initial public offer (IPO) on the 27th July 2018. As stated earlier in one of our articles, Salebhai is the first startup to raise funds through public route by getting listed on BSE SME platform at such an early stage. With BSE SME in principle approval received on 22nd May 2018, the Ahmedabad-based online company is all set to be the first B2C e-commerce company to raise money through IPO under the BSE SME platform. Also Read: https://pixr8.com/entrepreneur/exclusive-interview-of-salebhai-founders-prior-to-the-launch-of-ipo/ for the exclusive interview of co-founder Vishwavijay Singh with Pixr...

Restaurant Chain Barbeque Nation Raises Pre-IPO Funds From Jhunjhunwala

25Jul By AnkitaNo Comments

Market

Restaurant Chain Barbeque Nation Raises Pre-IPO Funds From Jhunjhunwala

One of the top investor Rakesh Jhunjhunwala's co-founded firm, Alchemy Capital Management, has recently invested Rs 80-90 crore in CX Partners-backed casual dining restaurant chain Barbeque Nation Hospitality Ltd before the IPO placement. “Alchemy Capital has picked up a minority stake in Barbeque Nation through Alchemy India Fund for a consideration of around ₹80-90 crore. The pre-IPO placement valued the company at ₹2,300-2,400 crore”. According to the reports, The capital will be used to build new restaurants and also for repayment of debt. In 2013, CX Partners had invested in the restaurant chain, Alchemy Capital was set up in 1999. The first Barbeque-Nation restaurant was launched in 2005. The company operated 81 restaurants across 42 cities in India and one in Dubai till 30 J...

Top 5 Performing Equity Mutual Funds in India, Know the Details

23Jul By Gauri SinghNo Comments

Market

Top 5 Performing Equity Mutual Funds in India, Know the Details

Mutual funds are a popular investment source for investors. For investors with limited knowledge, time or money, mutual funds can provide simplicity and other benefits with valuable returns. An equity fund is a mutual fund that invests principally in stocks. It can be actively or passively managed. How do equity mutual funds work? In these type of funds, you give money to a fund, which invests it in stocks. Since the amount of money it manages goes up and down every day, the fund deducts a small amount from your money every day such that, on an average, the annual deduction comes to the above percentage. Here are the top 5 performing equity mutual funds in India that the investors can invest in: 1. Tata Digital India Fund - Launched on 4th December 2015, Tata D...

China’s Douyu Plans US IPO to Raise Millions of Funds

23Jul By Gauri SinghNo Comments

Market

China’s Douyu Plans US IPO to Raise Millions of Funds

Douyu, China’s game streaming company has plans to raise around $600-$700 million through a US initial public offering (IPO) by cashing in on the esports phenomenon that is firmly holding the attention of the Chinese population. The Chinese entertainment platform offers in-game live streaming, where viewers can watch players play live or live recorded videos. According to the sources, the leading game streaming platform had been considering a Hong Kong listing early this year but has now shifted its interest towards a US IPO. The Tencent-backed company was founded in 2014, and since then has emerged into a unicorn with a valuation of over 20 billion yuan ($2.95 billion). The latest funding round of the company worth $630 million led by Tencent was held in March this year. The comp...

Microsoft Beats Wall Street Targets in the Q4 Report, Cloud Business Booms

20Jul By Gauri SinghNo Comments

Market

Microsoft Beats Wall Street Targets in the Q4 Report, Cloud Business Booms

The global technology giant Microsoft Corporation has announced its quarterly profit and revenue report which has proved to be better-than-expected, marking a 10% jump in profit and beating analysts’ estimates. The company’s ever-growing Azure cloud computing services and Office 365 productivity suite have played a major role in this profitability. Microsoft reported earnings of $1.13 per share on $30.09 billion in revenue, a 17.5 percent rise over a year ago that beats Wall Street expectations of $29.21 billion. Microsoft marked $110 billion in revenue for the year, increased by 14 percent from the previous year. We had an incredible year, surpassing $100 billion in revenue as a result of our teams’ relentless focus on customer success and the trust customers are placing in Microsoft,...