• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Business News

Latest business breaking news from around the world

  • Home
  • Markets
  • Business
  • Investing
  • Tech
  • Politics

Investors

Ethos raises Rs 141.68 crore from anchor investors ahead of IPO

May 17, 2022 by www.moneycontrol.com

Representative image Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × India’s largest luxury and premium watch retailer Ethos on May 17 mopped up Rs 141.68 crore from nine anchor investors, ahead of its IPO. The public issue will open for subscription on May 18 and close on May 20. The company in its BSE filing said it has finalised the allocation of 16.14 lakh equity shares to anchor investors at a price of Rs 878 per share. ICICI Prudential Flexi Cap Fund bought 5.30 lakh shares in Ethos Limited, Jupiter India Fund purchased 3.73 lakh shares, Saint Capital fund bought 1.59 lakh shares and 1.55 lakh shares were bought by Cohesion MK Best Ideas Sub-Trust in the luxury watch retailer. Jupiter South Asia Investment Company Limited – South Asia Access Fund bought 77 thousand shares while Coeus Global Opportunities fund, Alchemy … [Read more...] about Ethos raises Rs 141.68 crore from anchor investors ahead of IPO

Filed Under: IPO Ethos, Ethos anchor book, Ethos anchor investors, Ethos IPO news, Ethos IPO details, Ethos IPO share price, Ethos IPO anchor book, Ethos IPO anchor investors, pre ipo investors, anchor investors, anchor investor

Crypto’s Great Reset: How Digital Asset Investors Will Recover From The Market’s $1 Trillion Meltdown

May 17, 2022 by www.forbes.com

The bottom fell out from one of crypto’s fastest growing blockchains, LUNA, which promised to succeed where bitcoin failed. Its predictable collapse reverberated across the entire crypto market and is forcing investors to pick up the pieces. C rypto’s history has been defined by five resets. The first came in 2014 when what was basically the only bitcoin exchange in the world, Mt. Gox, imploded following a nearly half-billion-dollar hack. The second, in 2016, was The DAO hack, when an attacker tricked a smart contract into giving away $60 million worth of ethereum, worth $8 billion today. The third, in January 2018, occurred when the ICO bubble popped, starting a year-long decline wiping out 60% of the crypto market or more than $700 million mostly in the form of worthless junk tokens. The fourth took place in March 2020 when crypto lost 40% of its value along with most other global financial markets. Each reset not only led to price-market capitalization increases, they … [Read more...] about Crypto’s Great Reset: How Digital Asset Investors Will Recover From The Market’s $1 Trillion Meltdown

Filed Under: Uncategorized Great Reset: How Digital Asset Investors And Blockchain Will Come Back From Crypto, Great Reset: How Digital Asset Investors Will Come Back From..., widen digital asset management, forrester digital asset management, best digital asset management, best digital asset management software, best digital asset management systems, galaxy digital assets fund, wordpress digital asset management, php digital asset management, photography digital asset management, digital asset management for photographers, digital asset management solutions, digital asset manager job description, digital asset manager salary, digital assets management, reset digital cable box, reset digital odometer, reset digital scale, digital asset management jobs, marketing digital asset management, reset digital thermometer

Lightspeed and Moore Strategic Ventures become investors in Razorpay by buying employee shares worth $75 mn

May 10, 2022 by www.moneycontrol.com

Razorpay Founders Shashank Kumar & Harshil Mathur B2B payments and neobanking platform Razorpay is looking to get new investors on board through a share sale of $75 million by its employees, the company said on May 10. The purchase will be led by Lightspeed Venture Partners along with participation from Moore Strategic Ventures who will subsequently join the company’s cap table. This will also be Razorpay’s fourth and largest Employee Stock Ownership Plan (ESOP) buyback till date, and the second largest in the startup space after Flipkart’s Rs 600 crore buyback in July 2021. 650 of the startup’s existing and former employees will be eligible for this across roles including software engineers, product managers, customer experience agents, sales, and administrative staff. In December 2021, Razorpay’s valuation had jumped from $1 billion to $7.5 billion after the startup raised $375 million in its largest round. In an interview with Moneycontrol, Razorpay’s founder and … [Read more...] about Lightspeed and Moore Strategic Ventures become investors in Razorpay by buying employee shares worth $75 mn

Filed Under: Uncategorized Razorpay, ESOP, Lightspeed, fintech, neobanking platform, best buy employee toolkit, investors to buy my home, how much is a google share worth, how much are verizon shares worth, computershare employee share plan login, best buy employee check stubs, computershare employee shares, best buy employee pay stub, investors who buy a corporation's stock sometimes receive a stock, analysts have suggested that investors can buy this stock, shared ownership 75, shared ownership when can i buy more shares, shared ownership how to buy more shares, use best buy employee discount online, fired best buy employee, what institutional investors are buying bitcoin, as an analyst which types of share will you recommend the investor to buy, disruptive ventures investor, disruptive ventures investor traduction, investors on shark tank net worth

Investors Favor Macro Hedge Funds With Flows, But This Strategy Is Outperforming Macro

May 6, 2022 by www.forbes.com

Share to Twitter Share to Linkedin The war in Ukraine, skyrocketing inflation and soaring commodity prices have combined to create the perfect setting for macro hedge funds this year, and most of them have taken advantage of it. Investors also expected robust returns from macro funds, so they have already poured billions of dollars into the strategy year to date. However, there is one other hedge fund strategy that's outperforming macro year to date, and that's managed futures. Macro events boost macro hedge funds According to a report from With Intelligence released last week, the HFM Macro Index was up 3% for the first quarter and 5.7% for the 12 months ending in March. Managed futures funds returned 7.7% for the first quarter and 5.5% for March. The HFM Global Composite was roughly flat for the first quarter, down 0.1%, while U.S. stocks declined 4.9%. Equity funds were in the red for the first quarter, returning -3.6%. Event-driven funds were … [Read more...] about Investors Favor Macro Hedge Funds With Flows, But This Strategy Is Outperforming Macro

Filed Under: Uncategorized With Intelligence, Ukraine, hedge funds, Inflation, Russia, Ray Dalio, Hedge Funds & Private..., top hedge funds, list of hedge funds, hedge fund work, what are hedge funds, hedge fund company, hedge fund of funds, hedge fund job, hedge fund firms, hedge fund positions, hedge fund portfolio, how do hedge funds make money, real estate hedge funds, hedge fund research inc, Glocap Hedge Fund Compensation Report, hedge fund, activist hedge funds, fund of hedge funds, strategies hedge funds, hedge fund strategies

Musk says Twitter must prove bot claims for deal to proceed

May 17, 2022 by www.theedgemarkets.com

Elon Musk - A + A HONG KONG (May 17): Elon Musk has declared he will not proceed with his US$44 billion takeover of Twitter Inc unless the social media giant can prove bots make up fewer than 5% of its users, casting yet more uncertainty over the deal. The billionaire tweeted "this deal cannot move forward" unless Twitter provides proof of its claims, reiterating his own view that the ratio is far higher. Musk's latest online pronouncement complicates an already chaotic takeover, potentially one of the largest acquisitions the internet industry has ever seen. He recently butted heads online with Twitter chief Parag Agrawal over the way the social media giant accounts for bots, stoking speculation Musk may try to lower the price or even walk away. Twitter's shares fell another 3.2% in pre-market trading in New York, after sliding more than 8% on the previous day. The spread between Musk's offer price of US$54.20 and its last trading price is currently about … [Read more...] about Musk says Twitter must prove bot claims for deal to proceed

Filed Under: Uncategorized buy twitter bots, make a twitter bot, how to make a twitter bot, how to create a twitter bot, how to bot twitter followers, buy real twitter followers no bots, twitter ai bot, says bot, says discord bot, says 2 discord bot, electric n musk twitter, claim is where the writer shows what he is trying to prove, kimbal musk twitter, the doggfather elon musk twitter, proceedings on the claim, twitter we hereby claim, says 2 bot, proving you are who you say you are is the job of this server, twitter music bot, proceedings b twitter

Saudi Aramco said to weigh IPO of trading unit amid oil boom

May 17, 2022 by www.theedgemarkets.com

- A + A DUBAI/LONDON (May 17): Saudi Aramco is considering an initial public offering (IPO) of its trading arm amid a boom in oil prices in what could be one of the world's biggest listings this year, according to people with knowledge of the matter. The state-controlled oil major is working with banks including Goldman Sachs Group Inc, JPMorgan Chase & Co, and Morgan Stanley as it studies a potential listing of Aramco Trading Co, the people said, asking not to be identified as the information is not public. The trading unit could fetch a valuation of tens of billions of dollars, the people said, with two of them saying it could be potentially worth more than US$30 billion. Aramco, which recently became the world's most valuable company, could sell a 30% stake in the division, two of the people said, which would make it one of the world's biggest IPOs this year. South Korea's LG Energy Solution raised about US$10.8 billion in January. Other major oil … [Read more...] about Saudi Aramco said to weigh IPO of trading unit amid oil boom

Filed Under: Uncategorized the oil boom, how long will the oil boom last, karnes county oil boom, 2020 operational calendar saudi aramco, ashraf ghazzawi saudi aramco, dammam 7 supercomputer for saudi aramco, saudi aramco considers $10 billion pipeline stake sale, prosperity 7 ventures saudi aramco, which weigh more 1 gallon of oil or 2 gallons of gasoline how much more, saudi aramco bourse, missiles bullying claims a tragic death what’s going on at saudi aramco, ithra saudi aramco, mercuria scores record profit amid oil market chaos, tadawul saudi aramco, lynn elsenhans saudi aramco, lynn laverty elsenhans saudi aramco, saudi aramco president, saudi aramco jeddah, petrolera saudi aramco, andrey bakulin saudi aramco

China economy czar vows support for tech firms after crackdown

May 17, 2022 by www.thestar.com.my

BEIJING (Bloomberg): China’s top economic official gave an unusual public show of support for digital platform companies Tuesday (May 17), suggesting Beijing may be ready to let up on a year-long clampdown on technology giants as it battles a slowing economy. The government will support the development of digital economy companies and their public listings, Vice Premier Liu He, who is President Xi Jinping’s most senior economic aide, said after a symposium with the heads of some of the nation’s largest private firms. Baidu Inc. founder Robin Li, Qihoo 360 Technology Co.’s Zhou Hongyu and NetEase Inc chief William Ding were among the tech luminaries spotted at the forum, according to a video posted online. Liu’s remarks reported by state media were short on detail but signal further easing of the regulatory risk for China’s technology behemoths including Baidu and Tencent Holdings Ltd., as investors await clues on whether a rout in their shares is near an end. The Hang Seng Tech … [Read more...] about China economy czar vows support for tech firms after crackdown

Filed Under: Uncategorized China, technology, giants, Liu He, economic, czar, AseanPlus, china shutters 80 000 factories in pollution crackdown, tech firm relocates hq from ireland to philadelphia suburbs, lawmakers take aim at chinese tech firms, big tech firms, vietnam china economy, china economy surpasses us, asean china economy, low tech firms, why china economy is growing so fast, global tech firm, global tech firm toronto, slowdown china economy, slowdown in china economy, africa china economy, philippines china economy, india v china economy, iran china economy, china economy under trade war, giant tech firms, high growth tech firms

LIC shares tumble in market debut after record India IPO

May 17, 2022 by www.theedgemarkets.com

- A + A MUMBAI (May 17): Shares in Life Insurance Corp of India (LIC) slid nearly 8% on its market debut on Tuesday, a fresh setback for the state-owned giant as its record-breaking, oversubscribed initial public offering (IPO) raised far less than expected for the government. India's biggest insurer and largest domestic financial investor closed at 875.25 rupees, compared with the IPO price of 949 rupees. LIC now has a market value of around 5.54 trillion rupees (US$71.54 billion) and is India's fifth-biggest company. The share-price decline reflects weak overall market sentiment and a slump in the broader market since LIC's IPO opened for subscription on May 4, analysts said, even as the blue-chip NSE Nifty 50 index closed up 2.6% on Tuesday. "We were not expecting a big listing as markets were jittery, expect it to pick up," LIC's chairman M R Kumar told reporters. The government, which had positioned the sale as the first and biggest of a wave of … [Read more...] about LIC shares tumble in market debut after record India IPO

Filed Under: Uncategorized share market india, share market in india, india share market, share market of india, share market live india, share markets in india, how to invest in share market in india, how to invest in share market india, investment in share market in india, investing in share market in india, about share market in india, shares market india, learn share market trading in india, ipo share market, automobile market share in india, cement market share in india, Car Market Share In India, Amazon India market share

MPN chairman Muhyiddin moots exemption to Bumiputera equity ownership conditions for land acquisition

May 17, 2022 by www.theedgemarkets.com

- A + A PUTRAJAYA  (May 17): The National Recovery Council (MPN) on Tuesday proposed that the government exempt foreigners from Bumiputera equity ownership conditions for land acquisitions that exceed RM20 million involving investment in the services sector, for two years — the estimated period needed to get Malaysia's economy on a better footing after the damage wrought by Covid-19. MPN's proposal stems from a government finding that foreign investments worth RM58 billion could not be realized and had to be foregone because of investor constraints in meeting the equity condition. MPN chairman Tan Sri Muhyiddin Yassin pointed out that the Malaysian Investment Development Authority (MIDA) had reported that foreign investments worth RM58 billion could not be realized due to investor constraints in meeting the condition. “This condition can be re-imposed when the post-pandemic economy has fully recovered. Such measures have been taken by the Government before, when … [Read more...] about MPN chairman Muhyiddin moots exemption to Bumiputera equity ownership conditions for land acquisition

Filed Under: Uncategorized land tax exemption when building, tax exemption on land, chennai salem expressway land acquisition, land co ownership, land co-ownership agreement template, land co ownership agreement, additional evidence on equity ownership and corporate value, acquisition conditioning, land ownership 7 year rule uk, compulsory acquisition of non agricultural land by government, compulsory land acquisition, substantial shareholding exemption conditions, discloseable transaction acquisition of land, collective equity ownership, ingonyama trust land ownership, land ownership map manitoba, land acquisition due diligence checklist, laws about land ownership, law about land ownership, right of ownership of land

For Chin Hin, Solarvest is the goose that lays the golden egg

September 21, 2020 by www.theedgemarkets.com

This article first appeared in The Edge Malaysia Weekly, on September 7, 2020 - September 13, 2020. - A + A IT would not be an exaggeration to say that Solarvest Holdings Bhd is the goose that lays the golden egg for building materials distributor Chin Hin Group Bhd. Founded by low-profile businessman and savvy investor Datuk Seri Chiau Beng Teik, Chin Hin is one of the largest companies in its sector. The group reported a net profit of RM7.47 million in its second quarter ended June 30 (2QFY2020) after recording a disposal gain of RM27.8 million from divesting 25 million shares in Solarvest, representing a 6.4% stake, at RM1.25 apiece. Excluding this one-off item, Chin Hin was expected to report a core net loss of RM20.3 million in 2Q, given that all of its business divisions sank into the red as a result of plant shutdowns and reduced activity on the back of the Movement Control Order (MCO). Bursa Malaysia filings show that Chin Hin disposed of 20 … [Read more...] about For Chin Hin, Solarvest is the goose that lays the golden egg

Filed Under: Uncategorized egg laying rate egg inc, laying worker eggs cells, chicken which lays blue eggs, which chickens lay colored eggs, star stable where are the golden eggs, derelict golden eggs, hens who lay green eggs, what hens lay pink eggs, which hens lay blue eggs uk, which hens lay pink eggs, which hens lay large eggs, which hens lay green eggs uk, where do locusts lay their eggs, who lays penguin eggs, lay much eggs, top lay country eggs, lay for egg, which hens lay most eggs, chicken laying 2 eggs a day, hen laying soft eggs

Primary Sidebar

RSS Recent Stories

  • Police: No criminal element found so far in Penang houseman death probe
  • Thailand lowers GDP outlook on Ukraine war, China slowdown
  • Malaysia’s energy savings in 2021 totalled RM48.34 mil
  • Malaysia, Thailand agree to set up joint special committee to discuss HSR project
  • Wall St climbs on gains in banks, strong retail sales data
  • SPAN signs MoU with 12 water operators for crisis options
  • Pontian MCA division chief suspended for five years
  • Analysts cut Mr DIY target price despite expectation of better quarters ahead
  • Bung Moktar and wife corruption case: Prosecution closes case, oral submissions on June 24
  • PetChem, Dialog, Duopharma, Yong Tai, Caely, DNeX, Reservoir Link, Borneo Oil, Chin Hin and SCIB

Sponsored Links

  • How American stocks could continue to climb
  • Which is The Economist’s country of the year for 2021?
  • After a shocker in 2021, where might inflation go in 2022?
  • The hidden costs of cutting Russia off from SWIFT
  • Has the pandemic shown inflation to be a fiscal phenomenon?
Copyright © 2022 Business News. Power by Wordpress.
Home - About Us - Contact Us - Disclaimers - DMCA - Privacy Policy - Submit your story