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Tesla Rival NIO Raises $1 Billion in US IPO to Accelerate Growth

13Sep By Gauri SinghNo Comments

Market

Tesla Rival NIO Raises $1 Billion in US IPO to Accelerate Growth

One 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 infrastructure. With this IPO, the company has become the first Chinese-backed electric vehicle startup to go public in the US. The startup was backed by Chinese internet giant Tencent Holdings Ltd. Last year, NIO raised up to $600 million in its latest financing round led by Baidu. “We had actually a healthy book and then some orders got pulled or reduced because of market conditions,” NIO’s chief financial officer, Louis Hsieh, said. It was last month that an ann...

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...

Exclusive Interview of Salebhai Founders Prior to the Launch of IPO

9Jul By NitishNo Comments

Entrepreneurs Talk

Exclusive Interview of Salebhai Founders Prior to the Launch of IPO

Amidst all the trending news regarding the IPO and BSE SME platform, our platform was quite curious to know more about the SaleBhai IPO issue and also to know about the various things that were not disclosed by the company. Therefore, we conducted an exclusive interview with one of the co-founders of SaleBhai, Vishwavijay Singh and he answered all our questions and disclosed various details that were not known as of now. For the very first time, the co-founder revealed the amount that the company is going to raise from the IPO. Apart from this, IndiaMart's IPO has also been approved and it will also be listed under the BSE SME platform. Here we have the list of those questions and their answers in the words of Vishwavijay Singh. This exclusive interview will surely help you know SaleBha...

Online Startups That Are Listed Under Stock Exchange

9Jul By Gauri SinghNo Comments

Market

Online Startups That Are Listed Under Stock Exchange

What is the stock exchange? In simple words, stock exchange refers to an organized market in which securities are bought and sold. If we go into the detailed description, the prices at which these securities are bought and sold are regulated by the forces of demand and supply. The stock exchange basically is an investment intermediary for corporations, governments, municipalities, and other incorporated bodies where they can raise capital by channeling savings of the investors in various productive ventures. The other purpose served by the stock exchange is that the investors can sell their securities to other investors for cash. These exchanges impose various rules and regulations on the firms and brokers that are involved with them. If a particular company is traded on an exchange,...

PepsiCo Franchisee Varun Beverages Gets Sebi Nod For IPO

7Sep By Press Trust of IndiaNo Comments

BUSINESS

PepsiCo Franchisee Varun Beverages Gets Sebi Nod For IPO

Varun Beverages, franchisee for soft drinks maker PepsiCo, has received markets regulator Sebis approval to raise over Rs 1,000 crore through an initial public offering. Besides, leading logistics service and solutions provider, Seaways Shipping & Logistics has also got Sebis nod to float an IPO. Varun Beverages and Seaways Shipping & Logistics had filed their draft red herring prospectuses with the Securities and Exchange Board of India (Sebi) in June and March, respectively. The two firms got the regulator approval on August 31, as per the latest update. The initial public offer (IPO) of Varun Beverages entails sale of up to 2.5 crore shares, including fresh issue of 1.5 crore shares and offloading of stake by the promoters. Apart from fresh issue of 1.5 crore equity sh...