Japanese messaging app Line’s initial public offering has raised more than $1.1 billion despite a lukewarm IPO market. Shares priced at 3,300 yen each, or $32.84 per US-traded share, Monday, the top of the predicted range. That suggests strong demand. Renaissance Capital, an IPO research firm, says it’s the biggest US IPO of the year. The stock will begin trading ... Read More »
A group of Israelis and Americans filed a lawsuit on Monday seeking $1 billion in damages from Facebook Inc. for allegedly facilitating deadly Palestinian militant attacks on their loved ones. The plaintiffs, relatives of four Israeli-US dual nationals and one visiting US citizen who died in attacks in Tel Aviv, Jerusalem or the occupied West Bank between 2014 and 2016, ... Read More »
Shares of Japanese messaging app operator Line Corp soared as much as 36 percent in their U.S. market debut on Thursday, valuing the high-profile tech startup at $9.34 billion in the biggest tech IPO this year. The offering of 22 million American Depository Shares (ADSs) at $32.84 each topped the upper end of the expected price range of $28.50-$32.50, raising ... Read More »
Mumbai: Predicting data revenues for telecom operators to double to $11 billion by 2017-18, top brokerage CLSA has said the much-awaited commercial entry of Reliance Jio would drive the market further. Even as existing operators have begun to focus on content, the key differentiator will be network delivery, or quality and download speed – areas that have intensified ahead of ... Read More »
New Delhi: In a 15-year-old matter, the Securities and Exchange Board of India (Sebi) on Tuesday barred Tata Finance Ltd’s former managing director D S Pendse and three other entities from the capital market for manipulations at the time of the firm’s right issue in 2001. The watchdog has imposed a three-year ban on Mr Pendse and A L Shilotri, ... Read More »
New Delhi: The Finance Ministry is planning to launch a new Exchange Traded Fund (ETF) as an additional mechanism to monetise government’s stake in listed PSUs and other companies. The ETF may include government stake in companies held through Specified Undertaking of Unit Trust of India (SUUTI) as well as those in which it still has some holding. The Department ... Read More »
There are very few areas of day-to-day life that have escaped being transformed by the rapid developments in technology over the past few years. The healthcare sector is already well known for being an early adopter of new ways of doing things, simply because any advances that can help people combat or recover from illness should be implemented as soon ... Read More »
I must confess to a soft corner for Smriti Irani. She was such a feisty HRD minister – pungent, tart, ever-ready to fight her corner, articulate in both Hindi and English (and, presumably, her mother tongue, Gujarati), with a sharp repartee always on her tongue, a vocabulary of wit and abuse in equal measure, well-prepared in parliament and a first-class ... Read More »
More than 1000 examinees had to sit outdoors at Dhanbad’s RS Mor College. RANCHI: HIGHLIGHTS More than 1000 students sat on lawns to take exams at Dhanbad college There was no invigilator, leaving the students free to use unfair means College said it had room inside only for 600 students Days after Jharkhand Chief Minister Raghubar Das took a dig ... Read More »
HIGHLIGHTS James Norton has acted in Mr Turner and An Education Tom Hardy and Aidan Turner are also in the running for the role Reportedly, Tom Hiddleston has lost his chances by dating Taylor Swift War & Peace star James Norton has rapidly emerged as the favourite to play the next James Bond,overtaking Tom Hiddleston, Tom Hardy and Aidan Turner. ... Read More »
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