December 7th, 2018As per the report, Warren Buffett's Berkshire Hathaway Inc was planning to pick up stake in India's Kotak Mahindra Bank.
Berkshire Hathaway may invest between USD 4 billion and USD 6 billion in the lender by buying promoter stake or through a preferential allotment.
Following the news, the stock of kotak mahindra which opened on a...
September 20th, 2018After the Flipkart-Walmart deal, many steps have been taken by Walmart in favor of the merger. This time the company has planned to purchase from Flipkart employees ESOPs worth nearly $800 million. The worth of Flipkart’s total Esop is about $1.5 billion based on the per-share purchase price.
Flipkart announced to its current...
September 17th, 2018Online marketplace IndiaMART InterMESH Ltd have received markets regulator Sebi's go-ahead to float initial share sale offers.
With this, the number of companies getting Sebi's approval to float an initial public offer (IPO) has reached 50 this year so far.
Indiamart which had filed draft their respective draft offer documents with...
January 9th, 2018Smartphone makers Oppo and Vivo have cut down retail margins by over 40% in India. Both Chinese smartphone companies cut the margin offered to large chains to 14-15% from 23-25%, the executives said. They reduced it to 5-6% for standalone stores from 15-16%.
As per the report published in economic times, both Oppo and Vivo have...
March 14th, 2017Jasper Infotech which acquired Freecharge platform invested additional Rs 30 crore into the latter, according to documents filed with the registrar of companies.
Jasper infotech also own and operate one of the leading e-commerce platform of India Snapdeal.com.
An email sent to FreeCharge and Jasper spokespersons seeking comments...
February 15th, 2017Gujarat based India's first listed e-commerce company Infibeam acquired 7.5% stake in CC Avenue by investing Rs 150 crore. The e-commerce company has already owns a 3.85% stake in CC Avenue through subsidiary NSI Infinium Global.
The recent acquisition will merge CC Avenue with Infibeam online payment gateway at about Rs 2,000...
January 27th, 2017US-based mutual fund Fidelity Rutland Square Trust II has marked down the value of its shareholding in e-commerce firm Flipkart by almost half over a period of one year.
In a regulatory filing on January 24, Fidelity reported value of its 52,096 shares in Flipkart at USD 2.7 million (USD 2,715,764), or USD 52.12 per share, as on...
December 16th, 2016Trivago, a global hotel search platform, today announced the pricing of its initial public offering of 26,110,118 American depositary shares (ADSs) representing Class A shares of its affiliate, travel B.V.* (the Company) at $11.00 per ADS. The Company is selling 18,110,091 ADSs, and certain shareholders of the Company are selling...
November 19th, 2016Social media giant Facebook on Friday set a $6 billion buyback programme for its Class A shares, beginning in the first quarter of 2017.
Facebook's shares were up 1.1% at $118.24 in after-hours trading. The company had a market value of about $337 billion at close.
The company also said Chief Accounting Officer Jas Athwal had...
September 7th, 2016Riding on upbeat market sentiment, as many as 23 small and medium enterprises (SMEs) got listed on capital markets with initial public offerings worth Rs 185 crore in the current fiscal.
In comparison, 44 SMEs raised a total of Rs 290 crore in the entire last financial year (2015-16).
"Indian primary market has witnessed spectacular...
