September 14th, 2018Meituan Dianping, Chinese online food delivery-to-ticketing services company has reportedly raised $4.2 billion in the world's largest internet-focused IPO in four years.
Tencent Holdings-backed Chinese firm sold about 480 million primary shares at HK$69 ($8.79) each in the Hong Kong IPO. This IPO valued the company at around $52.8...
September 13th, 2018One of the largest electric vehicle startup NIO which is also a rival of Tesla has reportedly has made its market debut on the US stock market with a $1 billion IPO (initial public offering).
The company’s basic motive behind this move is to boost up the production of its electric vehicles as well as and expand their EV...
September 4th, 2018China’s largest online movie ticketing service Maoyan Weiying reportedly filed for an initial public offering (IPO) on the Hong Kong stock exchange. The Tencent-backed company, however, has yet not disclosed that when the IPO will be or other valuation details.
But, according to the earlier reports of this year, Maoyan aims to...
July 31st, 2018In 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...
May 17th, 2018While Flipkart is still filling all legal documents and other details for the Walmart acquisition, Flipkart India, the wholesale arm of Flipkart, was able to cut down losses in FY17 by 55% when compared with FY16.
According to filings at the Ministry of Corporate Affairs (MCA), Flipkart reported a net loss of $36 million (Rs 244 Cr)...
February 20th, 2018Shares of Gitanjali Gems & Punjab National Bank (PNB) tumbled over 10% to 7% yesterday, following the Rs 11,400-crore fraud by Nirav Modi.
PNB shares were down to 7.16 per cent to its 52-week low of Rs 116.65 on BSE. At NSE, shares of the company dived 6.77 per cent to hit a one-year low of Rs 117.05. In four trading sessions, the...
January 30th, 2018If you are waiting for a dip to invest fresh capital in the market, especially after a strong rally seen in the equity market so far, then is this the right time for you?
Let's have a look what history has to say. If you are waiting for a dip, then chances of happening that are very low. Have a look at the data shown below:
As...
November 1st, 2017CME Group, the world's leading and most diverse derivatives marketplace, announced on Tuesday that it intends to launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods.
The new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day...
July 28th, 2017Amazon.com Inc on Thursday reported a jump in retail sales along with a profit slump, as its rapid, costly expansion into new shopping categories and countries showed no sign of slowing.
The world’s largest online retailer posted second-quarter revenue of $38 billion, up 25 percent from a year earlier. The breakneck growth stood in...
May 25th, 2017 Taiwanese handset maker Asus today said it is looking to achieve 5 per cent share in the countrys smartphone market.
"Our first milestone is to achieve 5 per cent share in the smartphone market. From our side we are pushing all the measures to achieve it...," Dinesh Sharma, Director ? Mobile Product Centre for ASUS India, said after...
April 13th, 2017Online grocery store BigBasket today said it plans to invest Rs 50 crore over the next 12 months to scale up revenues coming from hotels and restaurants segment.
The company, which started supplying grocery to hotels, restaurants and caterers (HoReCa) segment from June last year, aims to clock a revenue run rate of Rs 500 crore from...
April 7th, 2017Paytm, India's leading mobile payment company has invested in healthcare startup QorQI. The funding amount has been undisclosed.
The startup offers a solution that gives doctors access to patient’s health and clinical data at the touch of a button. The startup aims to use AI and big data to improve productivity and care quality of...
