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Tuesday, November 13, 2018

SoftBank listing

SoftBank will list shares in its Japanese mobile unit next month in a sale that could raise over $21billion and be one of the biggest tech IPOs in years. The offering will take place in Tokyo on Dec 19 and will offer 1.6billion shares in its SoftBank Corp mobile unit at 1,500 yen ($13) each.

Sunday, October 07, 2018

China's TCL making pitch for Videocon

The $16.5-billion Chinese electronics major, TCL, has made a pitch for the Videocon brand as the resolution professional (RP) of the debt-laden Indian company invites buyers to take control of the firm. 

The interest from TCL comes at a time when the Chinese company has laid out detailed plans for a major expansion in India, which includes setting up a factory in Bengaluru for TVs, air-conditioners, washing machines, refrigerators and smartphones.

Thursday, October 04, 2018

Rupee closes below 73

The rupee on Wednesday reverted to its old ways of sagging against dollar as rising crude prices pushed the currency below 73 mark for the first time.

The pressure on currency cannot be solely attributed to oil-the US Federal Reserve has raised its rates that has led to a dollar rally and outflows from emerging markets including India.

Foreign portfolio investors have already pulled out ,$9 billion from the equity and bond markets. Experts have forecast the country's CAD- difference between foreign exchange earned and spent - which hit 2.4 percent of GDP during the first quarter of this year is set to rise further because of crude.

Wednesday, September 26, 2018

Tatas bag Usha Martin Steel unit

Tata Steel has won the race to acquire the steel business of Usha Martin. The all-cash transaction will see the Tata group firm paying Rd 4,300- 4,700 crore subject to various transaction terms.

Friday, August 24, 2018

RIL the first Indian company cross Rs 8lakh crore in market cap


Reliance Industries Ltd. (RIL) has become the first Indian company to cross Rs 8lakh crores

L&T's Buyback plan

Larsen and Toubro (L&T) has announced a Rs 9000cr share buyback plan that will see the engineering conglomerate acquire upto 6 crore shares at a price of Rs1500 apiece.

This is the first buyback by L&T and it constitutes around 4.29percent of the paid up equity capital of the company 

Wednesday, August 01, 2018

Wall St gains

The escalating trade dispute between the two countries, with the United States and China imposing tariffs on $34 billion of each other's goods earlier this month, has weighed heavily on the equity markets. The likelihood of a respite in the tensions boosted the markets on Tuesday, with nine of the 11 major S&P sectors higher 

US stocks rose on Tuesday as technology stocks rebounded and a report said the United States and China were trying to restart negotiations to defuse a trade war between world's two largest economies. 
The S&P index recorded nine new 52-week highs and one new low, while the Nasdaq recorded 13 new highs and 36 new lows

Thursday, March 08, 2018

Celebrate Women's day with McDonald's

In the history of McDonald's, its the first time the company has flipped its 'golden arches' logo to show a 'W' in honor of International Women's Day.
Wendy Lewis, the company's global chief  diversity officer said that The move was intended to honor the extraordinary accomplishments of women everywhere and especially in there own restaurants.
More than 62 percent of McDonalds employees are women and six out of ten are restaurant managers.