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IPO market heats up : 3 dozen companies line up listings worth Rs 350 billion

IPO market is booming with 3 dozen companies worth 350 billion lined up in the coming months. Find out the Key reasons for the initial share sale plans

Harman launches 'JBL GO 2' Bluetooth speaker in India

New Delhi, May 26 (ANI): Harman International Industries, a wholly-owned subsidiary of Samsung Electronics Co. Ltd., recently announced the launch of JBL GO 2 in India. JBL GO 2 is a portable, compact Bluetooth speaker with next-generation audio quality and a new, bolder design. It is the second generation Bluetooth speaker of JBL GO, considered as one of the most popular portable Bluetooth speakers in this category. The new JBL GO 2 is priced at Rs 2,999 and is available at various retail stores and chains, and at 350 key Samsung brand stores across the country. JBL GO 2 comes in a thrilling combination of JBL Signature sound and waterproof IPX7 design coupled with increased audio quality and performance. Users can easily submerge it while playing, or carry it to the poolside, beach, the porch or patio. They can also wirelessly stream music via Bluetooth or with a wired connection from any smartphone or tablet. The built-in rechargeable Li-ion battery supports up to five hours of play

Fuel price hikes continues to take toll on commuters

Varanasi (UP)/ Pune (Maharashtra)/ Hyderabad, May 26 (ANI): The petrol and diesel prices have witness a steady climb in the past 11 days. The continuous fuel price hike has been taking a toll on the commoners and daily commuters. While the government has quoted that the weakening of Indian rupees against US Dollar the reason for the hike, the consumers are worried with the sudden shift in their monthly budgets. Amid this hustle, people demand bringing petroleum under the Goods and Services tax (GST).

IRCTC partners with ixigo for hotel bookings

New Delhi, May 25 (ANI): Leading travel marketplace, ixigo, announced on Thursday that it has partnered with subsidiary of the Indian Railway Catering and Tourism Corporation (IRCTC) to exclusively power hotel bookings for its users. Railway travelers can now go to IRCTC hotels and compare budget and luxury hotels across India. Ixigo searches and compares over 40,000 hotels from all leading travel websites and allows travelers to filter by offerings such as 'pay at hotel' and 'free cancellation'. Rail travelers will benefit from exclusive deals and discounts as ixigo will aggregate and compare prices across branded budget hotel aggregators and OTAs on IRCTC. MP Mall, Chief Managing Director (CMD), IRCTC said, "Our partnership with ixigo is a part of our efforts of enhancing service offerings to railway customers. The smart and personalised hotel booking options aggregated from multiple online travel sites will help IRCTC deliver affordable accommodation to users through ixigo's simple

European shares set to extend winning streak on oil surge

New Delhi, May 18 (ANI): European shares dipped in morning trade but were on course for eight straight weeks of gains, supported by a rally in energy shares and a weaker euro, which helped investors shrug off worries over Italy. After a turbulent start to the year, equities in Europe have been buoyed by a surge in crude prices - topping $80 a barrel on Thursday that has continued to ease worries that currency headwinds could erode earnings for export oriented companies.

Sensex, Nifty extend opening losses

Mumbai, May 18 (ANI): Market indices continued to extend opening losses on Friday morning, amid a hike in global crude oil prices. The BSE's Sensex traded 108.21 points lower at 35,040.91, while Nifty traded at 10,652.25, with all sectoral indices trading in red except FMCG. Meanwhile, the Indian Rupee traded at Rs. 67.71 against one US dollar.

Sensex, Nifty plunge in morning trade

Mumbai, May 16 (ANI): Market indices saw a significant plunge in Wednesday morning trade, following correction in banks stocks after Punjab National Bank (PNB) reported a massive loss in the fourth quarter of FY 2017-18. The BSE's Sensex dipped by 184.57 points to 35,349.84, while Nifty traded 63.45 points lower at 10,738.40. About three shares declined for every share rising on the BSE, Moneycontrol reported.

Sensex soars 371.84 points as BJP leads in Karnataka

Mumbai, May 15 (ANI): As counting is underway in Karnataka, market indices soared on Tuesday. The BSE's Sensex surged by 371.84 points to trade at 35,928.55, while the Nifty traded 103.65 points higher at 10,910.25. As per the latest results from the Election Commission, the Bharatiya Janata Party (BJP) has marked a lead on 95 seats while Congress is trailing in far second with a lead on 47 seats. The third key player, Janata Dal (Secular) (JD-S) is close on the heels of Congress with a lead on 37 seats, as per the official trends by the Election Commission.

Four platforms spurring growth of local businesses

New Delhi, May 14 (ANI): The impact of an increasingly robust e-commerce mechanism and digital payment is helping local businesses flourish. Local economies have seen drastic transformation with the advent of new technology, be it in terms of sales, marketing or any other function. Some technology-driven platforms that are aiming to help these local businesses make profits by providing them better technology or a platform to increase their sales are Amazon, Craftsvilla.com, RoadCast, Salebhai.com.

Dust storm hits mango business, farmer faces huge loss

Moradabad (Uttar Pradesh), May 14 (ANI): After the sudden change in weather brought some relief from heat waves but the mango farmers in Uttar Pradesh's Moradabad faced huge loss due to massive dust storm that hit north India on Sunday. More than 20 percent of mango harvest has been damaged with fruits falling off due to gusty winds.

Wall Street rises on easing inflation concerns

New Delhi, May 11 (ANI): Wall Street jumped as tepid inflation data eased worries of faster interest rate hikes this year. Weak inflation data fueled buying on Wall Street with tech and telecom stocks leading the way. The Dow rose for a sixth straight session, and the S and P 500 cleared a key technical level for the second straight day. The consumer price index rose modestly in April. That cooled investors' concerns that inflation was accelerating. American multinational financial services company Wells Fargo shares rose. The bank said it'll cut expenses by $2 billion annually this year and next. American Telecommunications equipment company Qualcomm rallied. The chipmaker OKed a new $10 billion program to buy back its shares. Macy's tumbled. Morgan Stanley downgraded the department store chain's stock to "underweight" from "equal weight". Tech and materials stocks led the major markets higher in Europe.

Amazon wants shoppers to try Alexa

New Delhi, May 10 (ANI): American electronic commerce company Amazon teamed up with home construction and real estate company Lennar to set up model "smart" homes across the United States for shoppers to experience its voice assistant Alexa. Aside from finding good tunes, Amazon wants people to know, Alexa can also do things like dimming lights, turning on TV, and locking doors. Amazon's smart homes are now open near 15 big cities, including Los Angeles, Dallas, and Washington, with more to come. The global smart home market is expected to reach $107 billion by 2023 according to market research firm ReportLinker.

Disney earnings surge post 'Black Panther' success

New Delhi, May 09 (ANI): Walt Disney reported a 9 percent rise in quarterly revenue, powered by the box-office success of superhero movie 'Black Panther' as well as higher attendance and spending in its theme parks and resorts business. The company's CEO Bob Iger said on a conference call with investors that he is confident Disney's deal to buy media assets from Twenty-First Century Fox will go forward.

Wall Street rises as Apple rallies

New Delhi, May 08 (ANI): Wall Street climbed on Monday. American multinational technology company Apple's sixth straight day of gains helped drive the markets higher. A spurt in oil prices ignited energy stocks, and that powered the stock markets higher Monday. Tech stocks like Apple also on the vanguard as defensive stocks like utilities took a backseat. Apple continued to plow higher. It's still riding on Friday's news that Berkshire Hathaway's Warren Buffett had raised his stake in the iPhone maker. Tyson Foods shares rose. Quarterly profit at the United States' largest meat processor declined and missed analysts' estimates. Higher costs for labor and transportation hurt results. Nestle will pay Starbucks $7 billion for the rights to sell its products worldwide. The news sent shares of Starbucks down and Nestle up. The Swiss food giant's rally and positive corporate earnings helped drive the European markets higher. They closed near the sessions' highs.

Ola launches new initiative for social causes

New Delhi, May 07 (ANI): Leading ride-sharing company, Ola, on Monday launched 'My Ride My Cause.' on its platform to crowdSource funds and support social causes by leveraging its vast network of millions of customers across India. Ola has rolled out this special initiative through a unique partnership with Tata Trusts' Alamelu Charitable Foundation (ACF). As a part of this initiative, Ola customers will have the option to contribute a sum of Rs. 1 per ride. This sum will be crowdsourced and utilised towards lending support to improve cancer care in the country. There is a huge burden of cancer in India with 14.5 lakh new cases reported in 2016 alone. In order to bring about meaningful change in cancer care, Tata Trusts has taken on the mission to support the delivery of affordable and accessible care, and motivate people for regular screening. With millions of rides that Ola facilitates per day and a huge network of customers across India, this partnership will certainly, result in mo

Now book an Ola right from your MobiKwik App

New Delhi, May 04 (ANI): In a bid to reiterate its commitment to the government's push towards digital transactions in India, MobiKwik, one of India's leading digital financial services platform, and Ola, leading ride-sharing company, recently announced a first-of-its-kind partnership. This deal will enable MobiKwik users to book Ola cabs and autos across 110 cities in India from within the MobiKwik app. With this partnership, MobiKwik users will have access to Ola's multi-modal commuting offerings, from pocket-friendly options such as Ola Auto, Micro, and Mini to premium categories such as Ola Prime, Ola Prime Play, Ola Prime SUV, and Ola Lux. It also aims to provide a more seamless experience as customers can directly book an Ola ride through their MobiKwik app and pay up through the MobiKwik wallet, without having to shuffle between apps. Further, as a part of the launch offer, MobiKwik is offering Rs. 50 SuperCash on the first five rides. Alternatively, Mobikwik users can use 10 pe

Wall Street drops amid trade worries

New Delhi, May 03 (ANI): Stocks dropped on Wednesday as investors remained concerned about worsening trade relations between the United States and China. The Wall Street initially shot higher after the Federal Reserve decided to hold interest rates steady on Wednesday. But stocks shed their gains as investors remained concerned about worsening trade relations between the United States and China. Electric vehicle maker Tesla shares rose after the bell. It said its production target for its mass market vehicle, the Model 3, remains on track. Pulling up the S and P 500, Apple sold more iPhones in the latest quarter and promised $100 billion in additional stock buybacks. Its results lifted shares of its suppliers such as Cirrus Logic and Skyworks Solutions. Mastercard shares charged ahead. Higher consumer spending on credit and debit cards drove profit and revenue sharply higher. Snap shares sank to an all-time low. A number of analysts slashed their price targets. The owner of the Snapcha

S and P, Nasdaq advance on trade optimism

New Delhi, May 02 (ANI): Tech stocks lifted Wall Street mostly higher Tuesday. A Trump administration official's comment that he hoped to further open China's economy helped the S and P 500 bounce back. But Pfizer's disappointing earnings drove down the Dow, which fell for the third straight session. After ringing of the bell, Apple shares rose. Its quarterly profit and revenue topped expectations as it sold 52.2 million iPhones. Pfizer dropped. Quarterly revenue at the U.S.' largest drugmaker rose but missed estimates. Rival Merck lifted its earnings forecast for the year, but its shares also fell. The company formerly known as Coach, Tapestry, tumbled. The handbag maker's quarterly margins dropped, and same store sales at its Kate Spade business declined more than expected. In Europe consumer cyclicals and healthcare stocks drove the markets higher.

Marathon Petroleum buys Andeavor for $23 billion

New Delhi, May 01 (ANI): Marathon Petroleum on Monday has announced it will buy competitor Andeavor in a $23.3 billion deal. It's paying more than $23 billion in a cash and stock, a 24 percent premium to Andeavor's closing price on Friday. The company forms after Marathon buys Andeavor will also makes it the No. 1 United States refiner by capacity with a fuel production throughput of more than 3 million barrels per day. This newly combined company would become a top-five refiner in the world, based on capacity. According to the Analysts there is a good chance that Marathon and Andeavor will avoid antitrust scrutiny because their operations are complementary. The deal is expected to close in the second half of this year.

Wall Street drops as healthcare slides, oil climbs

New Delhi, May 01 (ANI): The Wall Street fell on Monday as healthcare stocks slid and rising oil prices and a looming deadline for exemptions to United States steel and aluminum tariffs weighed on investor sentiment. Leading the S and P gainers: Andeavor. Marathon Petroleum is buying its rival oil refiner for more than $23 billion. American fast food company, McDonald's shares spurted higher. Global comparable store sales shot sharply higher, and rising profit and falling revenue at the world's largest restaurant chain both topped analysts' estimates. Shares of Sprint and T-Mobile US dropped after the wireless carriers agreed to merge in a $26 billion all-stock deal. Investors took comfort in data showing inflation was in check. Personal income rose less than expected in March, and personal spending in February was revised lower. In Europe, strong earnings and an easing of inter-Korea tensions helped European benchmarks end April with their strongest monthly gains in two years.