Search Results for: equity investors

Facebook's new privacy safeguards will erode company's profits for years

Latest earnings reveal a huge drop in Facebook's market cap as the social media giant is investing heavily in new privacy safeguards, a move that will eat into the company's profits for "years" as per Chief Financial Officer David Wehner.

Jul 26, 2018

Indywood Film Carnival set to bring back mega entertainment fiesta to Hyderabad

Billionaires Meet, Academy and Telly Awards, Fashion Premier and All Lights India International Film Festival are the major attractions of IFC 2018, to be held from December 1 to 5.

Jul 25, 2018

HDFC AMC IPO subscribed 43% in first 3 hours

IPO received a positive response from the investors as 81,00,560 shares were subscribed against the issue size of 1,88,04,290 shares.

Jul 25, 2018

Bitcoin rises from two-month low to cross $8,000

Since collapsing in December 2017, the value of Bitcoin has slowly been on the rise, touching $8,000 for the first time this year. Analysts are bullish about its long-term prospects.

Jul 25, 2018

Idea–Vodafone bows in front of DoT; pay up Rs 72 billion

The deal is expected to get a final approval from the DoT within next week. After many rounds of deliberations, the DoT was adamant on its demand of Rs 72 billion which was eventually paid by the two telcos

Jul 24, 2018

Bankers come to the aid of striking IDBI employees to oppose its sale to LIC

The government must maintain its commitment to hold 51 percent of equity in IDBI at all times. But, by allowing LIC to acquire 51 percent of equity in IDBI, the government will be facilitating the drop of its equity to 43 percent.

Jul 24, 2018

Dalal Street maven Rakesh Jhunjhunwala says Modi will win 2019 elections: Here's why

If the wisest are those who are wise with money, Prime Minister Narendra Modi can take heart. India's ace investor Rakesh Jhunjhunwala predicts Modi will come back to power in 2019.

Jul 24, 2018

Chinese boost for OYO Rooms? Tencent in talks to invest up to $500 mn

The investment would raise the Indian company's value to over $2 billion. Oyo needs the funds to expand further in China, its largest overseas market, where it has witnessed rapid growth since starting operations in November 2017.

Jul 24, 2018

Maruti Suzuki becomes first Indian car-maker to roll out 2 crore cars

Maruti Suzuki rolled out a Vitara Brezza as its 20 millionth car from the production lines of the Gurugram plant. At present, Maruti Suzuki makes 16 models for the domestic market.

Jul 23, 2018

Dubai hits rough patch as markets slump; economic slowdown on the cards?

Dubai is going through a rough patch as residential property prices have dropped by more than 15 percent since late 2014 and are still falling. The stock market is down 13 percent this year, the worst performance in the region.

Jul 22, 2018

ola, olacabs, ola cabs, ola ceo bhavish aggarwal, ola founders, ola rival uber, cab hailing services in india

After making a profit, Ola eyes IPO

The app-based ride-hailing service has finally begun making a profit of every ride, prompting CEO Bhavish Aggarwal to eye an IPO within the next four years.

Jul 21, 2018

Microsoft investors celebrate after stock hits new record high

Growth in its software and Azure cloud services business bolstered Microsoft's stock to $108.20 in early trade, resulting in a market cap of $832 billion after its earnings call. The company is now a close third, in the race with Apple and Amazon to be the first $1 trillion company.

Jul 21, 2018