Sep 19 2014 3:33PM | Friday | By Gaurav Girdhar
With Alibaba’s initial public offering (IPO) set to hit the Wall Street, it is likely to become the largest IPO ever valuing the company at around USD 180 billion as compared to Amazon which is valued at USD 150 billion. Priced at USD 68/share, Alibaba is expected to raise USD 21.8 billion from this IPO. We give you the world’s five largest IPO’s.
Sep 19 2014 3:16PM | Friday | By DSIJ Team
Silver Leaf Oak, a Mauritius based private equity fund has signed an agreement to acquire 10% stake in Syngene International which is a subsidiary of Biocon. The company in the BSE disclosure mentioned that Silver Leaf Oak will acquire stake from Biocon research, a wholly owned subsidiary of Biocon at valuation of Rs 3800 crore.
Sep 19 2014 11:09AM | Friday | By DSIJ Team
After the impressive session in yesterday's trade, the markets opened flat in the early morning trade. The BSE Sensex was up by 61 points at 27173 while NSE Nifty was up by 26 points at 8140.
Sep 19 2014 8:09AM | Friday | By Prasanna Bidkar
Bulling came back on the Dalal Street as the benchmark indices witnessed a strong up-move. With US Fed putting end to speculation about the expected hike in interest rates. Today we expect the Indian equities to continue with its up-move. Kind of increased volume markets have experienced in F&O segment yesterday, clearly indicates towards the fact that traders are back in the markets. Last but not the least, mid cap and small cap indices are likely to outperform.
After opening on a slightly on pessimistic note, the Indian market bounced back and kept on surging higher and higher with all round buying witnessed on the D-street. Sentiment got a boost after the FED reassured that the interest rates would be kept near zero for a considerable time. The nifty index hit a century and ended above 8100 mark. Couple of trading session ago it looked like the bull party has come to closing stages as most of the momentum oscillator were hinting, but in today’s session the bulls caught the bear napping and the bulls reclaim 8100 mark.