Saudi Aramco is now the world's most valuable listed firm after its initial public offering (IPO) raised $25.6 billion and took its market valuation to $1.7 trillion, comfortably overtaking Apple.Aramco priced its IPO at 32 riyals ($8.53) per share, the top of its indicative range, raising $25.6 billion and beating Alibaba's record $25 billion-listing in 2014.Notably, while the biggest IPO in history and is expected later this month on the Riyadh stock exchange, it still falls short of the towering $2 trillion valuations long sought by Crown Prince Mohammed bin Salman.Close Saudi Arabia relied on domestic and regional investors to sell a 1.5 percent stake after lukewarm interest from abroad, even at the reduced valuation of $1.7 trillion. related news No apology to Elon Musk from British diver at 'pedo guy' defamation trial US likely to hit China over human rights despite trade talks John Kerry endorses Joe Biden for president Sources told Reuters earlier … [Read more...] about Saudi Aramco beats Apple to take most valuable company spot after blockbuster IPO
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Motorola confirms flagship 5G smartphones with advanced camera performance in 2020
Motorola has stepped up their smartphone game in 2019. The brand has delivered handsets that offer better value than previous generations, including the Moto G8 Plus, Moto One Zoom, and Moto One Hyper. Moving past the mid-range smartphone market, Motorola also dabbled into Foldable smartphones and bringing back the fan-favourite Moto Razr in a new foldable attire.However, even the foldable Razr, like all other Motorola handsets, packs mid-range specs, falling several miles short of a flagship. But the company is gearing up to leap to the next level in 2020. At the Qualcomm Tech Summit in Hawaii, Motorola announced it would be bringing back top-tier, premium flagship smartphones.According to Motorola, the phones would be powered by the Snapdragon 865 and Snapdragon 765 chipsets, all but guaranteeing 5G connectivity. Motorola also confirmed that its upcoming premium smartphones would feature advanced camera prowess.Close Sergio Buniac, Motorola Mobility President, said, “Thanks to … [Read more...] about Motorola confirms flagship 5G smartphones with advanced camera performance in 2020
New highs? 11-year data suggest Sensex belongs to the bulls in December
The Indian market trading at near-record highs is likely to pick up momentum, as anecdotal evidence of the past 11 years suggests that December belongs to the bulls.The Sensex and the Nifty hit a record high of 41,163 and 12,158, respectively, on November 28, and are less than a percent away from breaking into a new territory.Data suggest that the Sensex closed in the green in the month of December in seven of these 11 years.Close The Sensex saw its worst fall in 2011 when it fell by over 6 percent, followed by 2014 when it declined 3.7 percent, and in 2018, the index fell by 0.48 percent. related news RBI to retain dovish bias going forward: DBS report Bull market intact, will wait for lower inflation before any RBI rate cut: Ramesh Damani Experts cautious on market after 3-month rally, but are bullish on these 8 stocks The index rose in seven of the last 11 years. It rose over 9 percent in 2008, followed by a 3.7 percent rally in 2017 and 3.3 percent gain in 2010, data … [Read more...] about New highs? 11-year data suggest Sensex belongs to the bulls in December
Analysts raise target price of Bharti Airtel after tariff hike, AGR still a worry
Bharti Airtel may have ended flat on December 3, but the stock has rallied 60 percent in the last nine months and 34 percent in the last three.The decision to hike tariff has played a role in the recent rally but the telecom operator’s continued focus on operating numbers at home and in Africa, asset monetisation plans and addition of subscribers has served it well over the last few months.The revised tariffs—in the range of 50 paise to Rs 2.85 per day—for mobile customers kicked in on December 3.Close "Now we factored in 40 percent tariff hikes by FY22 against 35 percent earlier, and forecast 24 percent EBITDA CAGR and free cash flows at Rs 44,400 crore over FY21-22," said CLSA, which has a buy call on the stock. related news Experts cautious on market after 3-month rally, but are bullish on these 8 stocks 5 NBFC stocks brokerages recommend for your basket as the sector looks for turnaround Top buy and sell ideas by Ashwani Gujral, Prakash Gaba, … [Read more...] about Analysts raise target price of Bharti Airtel after tariff hike, AGR still a worry
More Customers, More Controversy: 2015 In Collaborative Consumption
The sharing economy continued to gain steam in 2015: More people hailed Uber cabs, rented Airbnb apartments, and parlayed micro-jobs on TaskRabbit. Cities tried to enable sharing companies as a way of expanding access to services. The categories of things we could share expanded, from solar panels to coffee cups. And the term “sharing economy” even entered the Oxford English Dictionary, showing it’s really a thing and not some passing fad. advertisement advertisement At the same time, companies in the collaborative economy also faced something of a backlash. There were calls to separate out those businesses that genuinely shared ownership and governance from those that simply rent out other people’s stuff for a profit (like Uber). More seriously, people worried about an economy where we’re working “on demand” but don’t have any benefits or health insurance for when we’re not working. Potential solutions include … [Read more...] about More Customers, More Controversy: 2015 In Collaborative Consumption