HFCL intends to acquire up to 47.87 percent of the paid-up equity share capital (on a fully diluted basis assuming all securities and options to be issued to employees are fully converted) of BigCat in various tranches by way of subscribing/purchasing its equity shares at a total cash consideration of Rs 22.50 crore. … [Read more...] about HFCL inks agreement to acquire up to 47.87% stake in BigCat
Stokes sign company
U.S. markets are crashing. The Dow dropped 2.2%, the S&P 500 2.5%, and the Nasdaq 2.9% this morning, and are showing signs of heading further south. The Dow and S&P 500 have lost 10% since Monday. Market gurus are throwing around the term ‘correction‘, which is typically at least -10%. Bank of America says to expect global GDP growth of 2.8%, which would be the worst since the financial crisis, dragged down by coronavirus fears, as well as uncertainty about the U.S. election. Goldman Sachs updated its earnings estimate for U.S. companies in 2020 to 0%. Wall Street’s earlier estimates for the year were 7% growth. The update comes due to China’s slow first quarter and rampant supply chain disruptions to U.S. companies, leading Apple, Nike and United Airlines to say they will not meet their earnings targets. Europe and Asia markets tumble 2-4%. The Stoxx Europe 600 dropped 4% and the Nikkei 2.1%. Before you blame the drops entirely on coronavirus, know … [Read more...] about Coronavirus infects the markets: U.S. markets down 10%, Goldman predicts 0% growth in 2020
In recent years, F8 has been the first event in a busy season of tech-giant developer conferences—which, along with educating engineers, also serve as a platform to announce major products aimed at consumers. Two Google developer conferences are coming up: Cloud Next on April 6-8 and I/O from May 12-14. Microsoft’s Build is scheduled for May 19-21. Apple hasn’t announced dates for WWDC yet, but last year it took place from June 3-7. And Amazon’s Re:Mars, an AI event, is currently set for June 16-19. … [Read more...] about The coronavirus just took down Facebook’s F8 event. Who’s next?
Market benchmarks did hit their record highs in January 2020 but turned volatile soon. As of February 26, the BSE Sensex has come off over 3 percent, while the Nifty has retreated 4 percent. BSE Midcap and Smallcap indices are up 1 and 4.6 percent, respectively. … [Read more...] about Not just mid, small or large-caps but look at multi-caps in a fragile market, say experts