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15 January, 2018 11:39 AM Xiaomi mandates Citic Securities, Morgan Stanley, Goldman Sachs for IPO

The smartphone maker last month told bankers that it would beat its 2017 sales targets by up to 18 percent. Hong Knog: Chinese smartphone maker Xiaomi has picked Citic Securities, Goldman Sachs and Morgan Stanley as joint sponsors for its proposed IPO, IFR reported. The initial public offering could be the world’s biggest tech float this year - valuing 37

15 January, 2018 7:38 AM Buy Dabur India, Equitas Holdings: Mitessh Thakkar

According to Mitessh Thakkar of mitesshthakkar.com, one may buy Dabur India and Equitas Holdings. Mitessh Thakkar of mitesshthakkar.com told CNBC-TV18, "I have two recommendation on the buy side, Dabur India is a buy with a stoploss at Rs 357, target of Rs 375. Equitas Holdings is a buy with a stoploss at Rs 161, and target of Rs 173." He further added 28

15 January, 2018 4:05 AM Softbank plans $18 billion IPO of mobile phone unit this year: Report

SoftBank Group Corp plans to list its mobile-phone business and raise some $18 billion, the Nikkei newspaper said, a spin-off that would complete the Japanese telecoms conglomerate's transformation into a global technology investor. The parent will sell some 30 percent of SoftBank Corp. It plans to apply to the Tokyo Stock Exchange for the IPO as early 34

11 January, 2018 4:01 AM Som Distilleries hits 52-week high as Porinju Veliyath buys 1.50 lakh shares

Porinju V. Veliyath bought 1,50,000 shares of Som Distilleries and Breweries at Rs 197.95. Share price of Som Distilleries and Breweries touched 52-week high of Rs 262.90, gaining nearly 12 percent intraday Thursday as investor Porinju Veliyath bought stake in the company. On January 10, 2018 Porinju V. Veliyath bought 1,50,000 shares of the company 34

10 January, 2018 11:31 AM Amber Enterprises Rs 600-cr IPO to open on Jan 17, price band at Rs 855-859

Appliance maker Amber Enterprises India will open its Rs 600-crore initial public offering on January 17, with a price band at Rs 855-859 per share. The public issue comprises a fresh issue of equity shares aggregating up to Rs 475 crore and an offer for sale of up to Rs 125 crore by promoters Jasbir Singh aggregating up to Rs 62.5 crore and Daljit Singh 49

9 January, 2018 5:10 AM China's Didi Chuxing to launch bike-sharing platform and brand

Chinese ride-hailing application Didi Chuxing plans to launch a bike-sharing platform within its app that will host partner firms such as Ofo as well as its own bike-sharing brand, the company said on Tuesday. Didi Chuxing, China's biggest ride-hailing firm which counts SoftBank as an investor, said in a press release that it had also reached a cooperation 38

4 January, 2018 5:26 AM LG to Rebrand Its G Series Flagship Smartphones in 2018: Report

LG Electronics reportedly has plans to repackage its flagship G series of smartphones with a new naming scheme, which means that there will no longer be an LG G7 this year. The name might be replaced with a two digit number, among other options that the company is yet to announce. The South Korean technology giant is looking to revamp its flagship series 62

3 January, 2018 9:52 AM Revenue growth of top Indian IT cos to be soft in December quarter: Report

Revenue growth of top Indian IT companies is expected to be 'soft' in the December quarter, while mid-tier companies are likely to report better performances, says a report. According to a report by Kotak Institutional Equities, though there are reasons to be optimistic on demand conditions, the potential changes in US visa rules remain an overhang for the sector 34

30 December, 2017 1:50 PM Investors became richer by Rs 45.50 lakh crore in 2017

New Delhi: Investor wealth surges by Rs 45.50 lakh crore this year helped by a strong rally in the stock market where the BSE benchmark surged 28 percent. The Sensex gained 7,430.37 points, or 27.91 percent, this year. The 30-share key index touched its lifetime high of 34,137.97 on December 27. Led by the strong show in the stock market, the market 44

28 December, 2017 4:55 PM Urban Reality: What drove investor money in Indian real estate in the year gone by?

2017 has been a significant year for Indian real estate with residential sales and new launches plummeting to a new low in the aftermath of demonetisation and implementation of RERA. But curiously 2017 has also been the best year for PE investments in the real estate sector. It's only curious till you decode the data - the slowdown is in residential 26