Month: September 2020

Tesla on Tuesday said that it intends to sell up to $5 billion of new shares. If consummated, that’ll equate to just 1% of outstanding stock.   – Stocks-Markets-Economic Times

Taking stock of Zomato’s publicly traded shareholder Info Edge, the Gurugram-based company could add $2 billion in market capitalisation to Info Edge over 3-4 years, the brokerage firm said in … Read More

Finquest Financial Solutions sold 40,00,000 shares of CG Power & Industrial Solutions at Rs 23.80 per share. It held 1.63 per cent stake in the company at the end of … Read More

This will be beneficial for Indian companies too, as under FDI rules they can form a foreign subsidiary in the deemed foreign territory.   – Stocks-Markets-Economic Times

On Wednesday, Nifty is likely to see a steady start to trade, and the 11,550 and 11,595 levels are likely to act as key resistance points, while supports will come … Read More

JP Morgan said that the intra-group sale of the MD business values the unit at a fourth of Siemens India’s enterprise value and price-to-book multiple.   – Stocks-Markets-Economic Times

Analysts had expected a dismal show and the stock price reflected the same as it dropped 3.3 per cent to Rs 79.35 ahead of the earnings announcement.   – Stocks-Markets-Economic … Read More