New Delhi: Indian IT services company HCL Technologies on Friday said it has allotted over 84,000 equity shares under the 2004 Stock Option Plan, taking its paid-up share capital to 141 crore shares. In its filing to BSE, the company said the allotment had been done by its Employees Stock Option Allotment Committee on July 21, 2016. “Consequent on the ... Read More »
Myntra is India’s largest online fashion retailer. HIGHLIGHTS Flipkart unit buying fashion e-tailer Jabong for $70 million in cash Myntra is India’s largest online fashion retailer Two sites to have combined base of 15 million monthly active users Mumbai: Flipkart, India’s biggest e-commerce firm, is buying domestic online fashion retailer Jabong from Global Fashion Group for $70 million in cash, ... Read More »
Tim Cook, during his India visit, had discussed setting up retail stores in India with PM Narendra Modi. New Delhi: Apple CEO Tim Cook has said the tech giant is “looking forward” to setting up retail stores in India to tap into the booming smartphone market here. “India is now one of our fastest growing markets. In the first three ... Read More »
Tim Cook had discussed manufacturing and setting up retail stores in India with PM Modi. NEW DELHI: Apple CEO Tim Cook has said the tech giant is “looking forward” to setting up retail stores in India to tap into the booming smartphone market in here. “India is now one of our fastest growing markets. In the first three quarters of ... Read More »
IT companies have disappointed investors with weak earnings in the June quarter HIGHLIGHTS IT companies are likely to see further de-rating, said market expert Weak quarterly earnings is the big dent in the IT sector IT stocks have underperformed the broader markets IT stocks have underperformed the broader markets that are in the midst of a remarkable rally. The Nifty50 ... Read More »
The S&P 500 hit a record intraday high on Monday, led by tech stocks such as Apple and Google-parent Alphabet, but a drop in oil prices weighed on energy stocks. The index has been on a record-breaking rally – helped by largely positive data and strong earnings – and hit an intraday high for the seventh time in July on ... Read More »
Sahil Kapoor recommends buying Nifty call options. Sahil Kapoor, chief technical analyst at Edelweiss Securities, expects Nifty to touch 9,000 levels by September. He recommended buying Nifty call options as premiums are relatively low. Stock Talk: Buy ICICI Bank: The recent correction is a good opportunity to enter into the stock as it has already established a bullish trend. Buy ... Read More »
Investors have been piling up stocks on hopes that the GST will soon become a reality 3:35 p.m.: Sensex ends lower for third day on profit-taking. The benchmark index declined 21 points to end at 27,981 while the broader Nifty50 index slipped 13 points to 8,622. The broader markets also declined with BSE midcap and smallcap indices falling 0.60 per cent ... Read More »
Markets experts had warned about selloff in domestic markets after the sharp run-up 3:35 p.m.: Sensex slumped 284 points on profit-taking, global weakness – marking its fourth day of fall in a row, while Nifty settled at 8,544. Investors awaited a decision on the goods and services tax bill as Rajya Sabha debated the legislation. Analysts say that Indian markets need ... Read More »
Solomoto is a marketing technology provider that helps small companies grow by centralizing their digital business needs into an all-in-one platform that encompasses web design, ecommerce, CRM, social media marketing and ad campaigning. The company is based in Tel Aviv, Israel, and launched in 2015. It first ventured into international markets — Brazil and Eastern Europe, specifically — and is now attempting to break ... Read More »
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