 Facebook IPO a jackpot for backers and insiders - At 104 bn, Facebooks IPO is the largest ever by a technology firm, topping Googles 23 bn valuation in 2004, & the net proceeds to the co will be 6.4 bn.
|
German privacy official warns Facebook investors - A German data protection official has warned Facebook investors that the sites 38 starting share price is based on practices that breach European privacy rules.
|
Yahoo shares climb on report Alibaba deal near - Yahoo Inc shares rose 5 per cent on Friday after a report that it was close to selling part of its valuable stake in the Alibaba Group.
|
Re may hit 56USD over next one month Barclays Capital - Re may hit 56/USD over next one month: Barclays CapitalThe rupee is expected to drop further to 56 against the USD over the next month, due to limited appetite of RBI to support the currency and weak macro-fundamentals in the country.
|
Shorting FB IPO Tough even for the gutsiest - As the hottest IPO in recent memory, Facebook has drawn 1990s-style tech-mania interest from mom and pop investors and big institutions alike.
 
|
Redington Gulf ends distribution pact with Nokia - Redington India today said its overseas subsidiary Redington Gulfs distribution pact with Nokia has been discontinued, which will negatively impact its sales.
 
|
Aditya Birla Group to pick 27.5 stake in Living Media - Aditya Birla Group today said it will buy 27.5 per cent stake in the holding firm of the India Today Group, Living Media India Ltd for an undisclosed amount.
 
|
Govt to pay 11 bn for higher voting share in IMF - Govt will have to make an additional payment of 11 bn towards increasing its voting share in IMF, once the quota reforms at the multilateral agency are approved.
 
|
Wall Street banks facing 2nd-quarter slowdown - Wall Street banks will report sharp declines in trading & investment banking revenues in the 2nd quarter because of weaker client activity.
 
|
Facebook shares rise 13 in frenzied trade - Facebook shares rise 13% in frenzied tradeFacebook shares opened 13% higher on Friday, after the co raised as much as 18.4 bn in one of the biggest initial public offerings in US history.
 
|
Crisil assigns AAA rating to Tata Sons - Crisil has assigned stable AAA rating to the Tata Sons Ltds Rs 310 cr NCD issue & has reaffirmed the outstanding ratings on the cos debt programmes & bank facilities.
 
|
Indian American millionaire Romesh Wadwani pledges wealth to philanthropy - Indian American millionaire Romesh Wadwani pledges wealth to philanthropyAs for his family, wife Kathy and daughter Melina, he believes that they should have only that much of wealth as is needed to keep them comfortable.
 
|
MCA bans SRK from entering Wankhede stadium - The Mumbai Cricket Association (MCA) decided on Friday to ban Shah Rukh Khan from entering Wankhede stadium for a period of 5 years.
|
Forex reserves fall to 1.4 bn during May 11 wk - Foreign exchange reserves dipped 1.4 bn during the week ended May 11 as the central bank sold dollars to rein in the value of the rupee.
 
|
CDB signs MoU with Trinidad & Tobago - CDB & the Republic of Trinidad & Tobago has signed a MoU to encourage & develop technical collaboration b/w India & the latter for coconut industrys development.
 
|
