Friday, March 29

Tag: Stock market

IPOs Raise Record Rs 27,000 Cr In Apr-Sep This Year
BUSINESS

IPOs Raise Record Rs 27,000 Cr In Apr-Sep This Year

Indian companies raised a record close to Rs 27,000 crore through initial public offerings in the first half of the current fiscal and an impressive pipeline is already in place for coming months. "Besides, over a dozen firms, including New India Assurance Company, Reliance Nippon Life Asset Management and HDFC Standard Life Insurance Company, have lined up their IPOs to raise funds totalling Rs 35,000 crore in coming months," Dinesh Rohira, founder and CEO at 5nance.com, said. Adding to the depth of the IPO market, companies from diverse sectors like insurance, healthcare, education, bank, cable TV and shipping have made their way to the IPO space during the period under review. According to the latest data compiled from stock exchanges, 19 companies garnered over Rs 26,720 crore thr...
I Sold My Entire Apple Stake Because of China – Billionaire Carl Icahn
Entrepreneurs Talk

I Sold My Entire Apple Stake Because of China – Billionaire Carl Icahn

Billionaire activist investor Carl Icahn said Thursday he had sold his entire stake in Apple Inc, citing the risk of China's influence on the stock. Icahn, in an interview with cable television network CNBC, also said he was "still very cautious" on the U.S. stock market and there would be a "day of reckoning" unless there was some sort of fiscal stimulus. Icahn had been a huge cheerleader of Apple, acquiring a stake in the company almost three years ago, repeatedly calling the investment a "no brainer." In an open letter to Apple Chief Executive Officer Tim Cook in May 2015, Icahn had argued that shares of the iPhone maker were worth $240, about 90 percent more than they had been trading. At $240 a share, Apple's market cap would be $1.4 trillion, Icahn asserted. But Icahn, wh...
Here’s What LinkedIn CEO Jeff Weiner’s Said After Stock Loses 40% of Its Value
BLOGS

Here’s What LinkedIn CEO Jeff Weiner’s Said After Stock Loses 40% of Its Value

In case you haven’t been paying attention, many tech stocks are under serious pressure. LinkedIn, where I have been an executive for nearly six years, is one of those companies, having lost more than 40% of our value after announcing our 2015 earnings and guidance for 2016 last Thursday. As you can imagine, this has the potential to cause angst and churn, both internally and externally, and over the last week, I’ve been fascinated by the varied reactions of people, both inside and outside the company, with whom I’ve interacted: indignant, perplexed, resilient, full of pity, inspired and shell-shocked. When something like this happens at a company, you can witness very extreme, and often negative, reactions from people like the CEO and CFO, who can get into a blame game and create a c...