Thyrocare Tecnologies plans IPO worth up to $100 mln - sources
Thu, 26 Feb 2015 03:04:49 -0800Thyrocare Technologies, which runs a large diagnostic laboratory, is planning a stock market listing by the end of June that could raise around $85 million to $100 million, two sources involved in the process told Reuters. The company, which promotes itself as "the world's largest thyroid testing laboratory", is expected to file for an IPO in the next three months, the sources added, declining ...
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Wed, 25 Feb 2015 07:40:58 -0800The domestic initial public offering (IPO) market could see heightened activity in March, with at least four companies planning to launch such offers.
Indias Flipkart to double value of goods sold as demand surges
Thu, 12 Feb 2015 02:10:11 -0800Flipkart (IPO-FLPK.N) aims to double the total value of goods it sells to $8 billion this year, two people with knowledge of the plans said, as India's largest online marketplace seeks to widen the gap with rivals including Amazon.com's India unit. Online retailers often use GMV, or gross merchandise value based on monthly online sales, as a measure of performance, as they typically make ...
As Flipkart Eyes Wall St IPO, Top Global Investment Banks Hotfoot To India
Wed, 28 Jan 2015 23:57:14 -0800Leading global investment banks are wooing India’s biggest e-commerce player, Flipkart, as it contemplates a Wall Street IPO next year. India’s Economic Times newspaper hazarded today that Flipkart’s IPO would raise at least $5 billion, which would then make it the country’s largest public share offering. At stake for [...]
SEBI imposes $8.4 million penalty on property firm DLF
Thu, 26 Feb 2015 06:01:37 -0800The Securities and Exchange Board of India (SEBI) on Thursday fined property developer DLF Ltd and its top management 520 million rupees ($8.4 million) as part of a broader probe into the firm's lack of disclosures during its initial public offering (IPO). The regulator last year banned the company from raising capital for three years as part of the same case, a verdict which DLF is appealing at ...
Flipkart Targets $8B In Online Product Sales In 2015
Thu, 12 Feb 2015 03:18:03 -0800(Reuters) - India's largest online retailer Flipkart aims to double the total value of goods it sells to $8 billion in 2015, two people with direct knowledge of the company's plans told Reuters, as it looks to widen the gap with rivals including Snapdeal and Amazon.com's India unit. The company's gross merchandise values (GMV), or the value of the goods sold on its site, is currently $4 billion ...
Coffee Days Rs 1,200-cr public offer heats up
Wed, 18 Feb 2015 11:31:13 -0800The run-up to one of the largest public offers in India seems to be heating up. As many as 20 high-net worth Indians, beside marquee funds, lining up for a sip of the pre-initial public offering (IPO) placement of Coffee Day Enterprises, which hopes to raise Rs 1,200 crore in May. The stake sale will be around 20 per cent, at a valuation of Rs 7,000 crore.
Chinas WeChat sends a message to Line and Kakao in their home turf
Tue, 17 Feb 2015 23:25:40 -0800Mobile messaging apps Line (IPO-LINE.T) and Kakao Talk are busy trying to conquer overseas markets such as Southeast Asia and India. Among six messaging apps, WeChat saw the biggest upptick in usage in Japan and South Korea last month versus a year earlier, boosted by its gaming, e-commerce and multimedia capabilities, according to data on Android smartphones tracked by Mobidia.
Flipkart, Indian Online Retailer, Planning US IPO To Raise $5B: Report
Thu, 29 Jan 2015 00:00:16 -0800Indian online retailer Flipkart is planning to list itself in the U.S. in the next 18 months to raise about $5 billion, Times of India, a local newspaper, reported on Thursday, citing investment bankers it didn’t name, adding that a final figure for the actual share sale hasn’t been arrived at yet.
Valuation game: Indias Micromax nowhere close to Chinas Xiaomi
Mon, 23 Feb 2015 11:14:06 -0800Home-grown mobile handset maker Micromax Informatics, which sold as many or even more smartphones in the past couple of quarters than global smartphone leader Samsung in India, is reportedly seeking a valuation of Rs 21,000 crore ($3-3.5 bliion) for a potential stake sale.