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Samsung shares on high after Google cut ties with Huawei

21May By AnkitaNo Comments

Market

Samsung shares on high after Google cut ties with Huawei

Samsung Electronics shares surged more than four percent on the back of its chief rival Huawei's mounting problems, including a decision by Google to sever ties with the Chinese mobile phone maker. US internet giant Google, whose Android mobile operating system powers most of the world's smartphones, said this week it is cutting ties with Huawei to comply with an executive order issued by President Donald Trump. The move could have dramatic implications for Huawei smartphone users, as the firm will no longer have access to Google's proprietary services which include the Gmail and Google Maps apps. Investors bet Huawei's loss could benefit Samsung, the world's biggest smartphone maker which has been facing increasing competition from its Chinese rival, sending its shares soaring 4....

Savart – A 20 Year Old Boy dream that Storms investment World

3Apr By AnkitaNo Comments

Story

Savart – A 20 Year Old Boy dream that Storms investment World

If we told you that a 20 year old could be capable of creating a company called Savart and garner over INR 25 crore within 7 months, would you believe us? Most of you would probably not. Of course, you’d be gravely mistaken if you didn’t. Sankarsh Chanda, a 20 year old, is not doing typical 20 year old things. He isn’t fretting over assignments and college attendance, rather he is doing something that impacts the entire investing world. He is the founder and CEO of Savart, an investment research company that aims to make people choose better investment choices, and make better financial decisions as time passes by. So, what exactly is Savart? Combining the best of robo analysis and traditional research, Savart drives customers towards better investment decisions by making the...

Berkshire Hathaway Looking to Pick up Stake in Kotak Mahindra Bank

7Dec By PriyankaNo Comments

Market

Berkshire Hathaway Looking to Pick up Stake in Kotak Mahindra Bank

As 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 positive note, further jumped 13.86 per cent to the hit an intra-day high of Rs 1,345.35. At 1330 hrs the stock was trading at Rs 1,239, up 4.87 per cent from the previous close. On NSE, following a similar trend, the stock soared 14.03 per cent to Rs 1,345.95, its highest during the day. It was quoting at Rs 1,238.35, an increase of 4.92 per cent from the previous close, at 1330 hrs. The Reserve Bank had earlier asked promoters of the bank to b...

China’s English Learning Platform LAIX Debuts on NYSE

28Sep By Gauri SinghNo Comments

Market

China’s English Learning Platform LAIX Debuts on NYSE

China’s AI-based English learning platform LAIX Inc has debuted on the New York Stock Exchange (NYSE) with its initial public offering (IPO), trading under the ticker symbol of "LAIX." The company priced its initial public offering of 5,750,000 American depositary shares (ADSs) at $12.50 per ADS. The total offering size was roughly $71.9 million. Along with this, LAIX has granted the underwriters an over-allotment option, exercisable within 30 days. "Listing on the NYSE will make LAIX a more international company, which can help us attract customers all over the world, as we believe our English learning platform driven by AI not only can serve Chinese English learners, but also can help English learners in other countries," said Yi Wang, chairman and chief executive officer of LAIX. ...

China’s Viomi Technology Raises $102.6 million on its Debut on Nasdaq

26Sep By Gauri SinghNo Comments

Market

China’s Viomi Technology Raises $102.6 million on its Debut on Nasdaq

China-based IoT home platform company Viomi Technology has debuted on the Nasdaq stock exchange trading under the ticker symbol of "VIOT”. The company has raised about $102.6 million on its debut in IPO. It priced its initial public offering (IPO) of 11.4 million American Depositary Shares (ADSs) at $9.00 per ADS. Each ADS represents three of the company's Class A ordinary shares. The underwriters for the Xiaomi-backed company’s IPO include Morgan Stanley and China International Capital Corporation Hong Kong Securities. "By listing on the Nasdaq, Viomi hopes to better focus on the development of home appliance technology and further expand brand awareness, as Nasdaq is known as a tech-heavy stock exchange," Xiaoping Chen, co-founder and chief executive officer of Viomi said. The compa...

22Sep By Gauri SinghNo Comments

Market

All You Need to Know About US-based Eventbrite’s Much-awaited IPO

San-Francisco based online ticketing platform Eventbrite (EB) has finally launched its much-awaited IPO. The shares of the company soared as high as 70 percent in its stock market. The shares opened at $36 and climbed as high as $39.30 before ending the session 59 percent up at $36.50. Eventbrite’s stock has been listed on the New York Stock Exchange (NYSE) under the ticker EB. The firm at the initial stage priced its offering from $19 to $21 per share, but due to its high demand, it raised the final offering price to $23 per share. With this price, the company was successful in raising funds amounting to $230 million. Founded in 2006 by married couple Julia and Kevin Hartz, Eventbrite has raised a total of $373 million in equity funding as of now. The entry of Eventbrite in the stoc...

31Aug By Gauri SinghNo Comments

Market

Top 5 Performing Shares in 2018 Stock Market

In the past few months, we have been witnessing various companies that went public and entered the stock market. What actually is a stock? Well, the capital raised by a company or corporation through the issue and subscription of shares is known as stock. When a company lists itself on the stock market, it can raise funds from the public by the issue of its shares. A stock market is a place where shares of publicly listed companies are traded. The primary market is where companies float shares to the general public in an initial public offering. The people, especially the beginners are generally confused about which stock they should buy. The best strategy to get success in those fields would be to play safe and take the safest route to achieve goals. After a good examination of the ...

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.

28Jun By Press Trust of IndiaNo Comments

Market

HDFC Mutual Fund Gets Sebi Nod For IPO

HDFC Asset Management Company, the country's largest mutual fund firm, has received Sebi's go-ahead to float an initial public offer. The company had filed draft papers with Securities and Exchange Board of India (Sebi) in March and received its "observations" on June 22, as per the latest update with the markets watchdog. Sebi's observations are necessary for any company to launch public issues like a rights issue, initial public offer (IPO) and follow-on public offer (FPO). HDFC AMC operates as a joint venture between Housing Development Finance Corporation (HDFC) and Standard Life Investments. Going by the draft papers, the proposed IPO offers up to 2.54 crore equity shares of the fund house through an offer for sale of 85.92 lakh shares by HDFC and up to 1.68 crore shares b...

Indostar Capital Finance IPO subscribed two-thirds on Day 2

12May By Lavina TolaniNo Comments

Market

Indostar Capital Finance IPO subscribed two-thirds on Day 2

The Initial Public Offering of a Non-banking financial company backed by Everstone Capital-IndoStar Capital Finance Ltd. was subscribed 69% on the second day of bidding on Thursday. According to stock exchange data, the public issue of 22.57 million shares which excludes the allotment of anchor investors received bids for nearly 46.46 million shares. The category Qualified institutional buyers (QIBs) which was set aside also witnessed a subscription for over 1.80 times non-institutional investors 3% and retail investors 34%. Much ahead of the offering, this Mumbai based firm has successfully raised Rs 553.2 crore from prominent anchor investors including East Bridge Capital and Fidelity among others. The IPO will witness partial exit of promoters as well as co-investors. The of...

7May By Lavina TolaniNo Comments

Market

How IPO’s from Last Six Months Performed in Indian Stock Market

The Stock Market is one dynamic landscape where one can never be sure of what might take shape the very next moment. Last few months have witnessed a large number of IPO's getting SEBI's approval for public listing. But, how have they performed? Surprisingly, more than half of the listed Initial Public Offerings (IPO) stocks in last six months are trading below their issue price indicating that long-term capital chase in primary offers has not been put to good use. Out of 13 long-term IPOs since December 2017, seven of them have investors sitting with losses upto 29%. Investment bankers and Institutional investors believe that there have been many cases where rich valuations were sought in the IPO by promoters citing previous examples. Moreover, the topsy-turvy secondary market to ha...

India’s V-Mart Turns Out World’s Best Performing Departmental Store Chain

14Apr By Lavina TolaniNo Comments

Market

India’s V-Mart Turns Out World’s Best Performing Departmental Store Chain

The attraction for Indian consumer market has been on the rise. Jefferies India Pvt Ltd. has now joined in the chorus for showing a successful growth as a producer of staples and branded goods. It has picked up in a sector that comprises V-Mart Retail Ltd, a company whose stock market has performed outstandingly making it world's best department store chain this year, as per market sources. Shares of V-Mart have risen by 10 times as much since they were first traded in the stock market in February 2013.Company's shares are up by 47% -highest among 105 department stores globally with a minimum market value of $200 million. Tanmay Sharma, Jefferies Analyst wrote in a note, Given the limited barriers to entry and widespread competition, V-Mart's strong business model in te...