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Shareholders often file lawsuits accusing companies of securities fraud for concealing material negative information that causes the stock price to decline upon becoming public. (Photo: AP)

Boeing shareholders sue over 737 MAX crashes, disclosures

The lawsuit seeks damages for Boeing stock investors from January 8 to March 21.

10 Apr 2019 9:49 AM

Investment Committee of the Board of Directors of the company has approved the proposal to acquire equity shares each of ISS and Vitaran Electronics.

Tech Mahindra to buy 18.1 pc stake each in lnfotek Software and Systems

The investment will also help expand Tech Mahindra's solution portfolio to cater to the smart city projects.

09 Apr 2019 2:28 PM

The company will go public with a dual-class share structure to concentrate voting power with Class B shareholders.

Pinterest seeks USD 15-USD 17 per share in IPO, below last private valuation

At the upper end of its target range, the company could have a market valuation of about USD 11.30 billion.

09 Apr 2019 1:02 PM

The progress of Uber’s self-driving car unit is in the spotlight as the company prepares to kick off its initial public offering this year. (Photo: AP)

Uber, ahead of IPO, sees some time before self-driving cars dominate the road

Uber, last valued at USD 76 billion in the private market, is seeking a valuation as high as USD 120 billion in its IPO.

09 Apr 2019 11:31 AM

Singapore government held around 7.32 crore shares in DLF as on December 31, 2018.

Singapore govt sells 6.8 cr shares of DLF for Rs 1,298 crore

Singapore government through its sovereign wealth fund GIC has two joint ventures with DLF.

09 Apr 2019 9:16 AM

Describing ride-sharing as a “megatrend”, and not just a fad, Citron said Lyft has good prospects, especially since millennials are foregoing car ownership for ride-sharing.

Lyft's shares rise after Citron advises against shorting stock

The number of active Lyft riders has surged fivefold to 18.6 million in the fourth quarter of 2018.

07 Apr 2019 1:15 PM

Bank of India has a 28.96 per cent stake in the joint venture, while Union Bank of India and Dai-ichi Life owns 25.10 per cent and 45.94 per cent, respectively.

Bank of India looks to divest insurance JV stake worth about USD 160 mn

Bank of India is looking to sell 64.9 mn shares, or 25.02 pc stake, in Star Union Dai-ichi Life Insurance Co Ltd.

05 Apr 2019 1:53 PM

Acute financial crunch has forced the airline to ground aircraft, cancel flights and delay payment of salaries, including to pilots. (Photo: AFP/File)

Jet Airways shares trade marginally lower in morning session

The scrip was down at Rs 259.15 after opening at Rs 264 on the BSE.

05 Apr 2019 11:18 AM

The Custodian of Enemy Property for India offloaded more than 4.43 crore shares of the company at a price of Rs 258.90 apiece.

Govt sells Rs 1,150 crore worth enemy shares in Wipro

The sale would help in monetisation of movable enemy property lying dormant for decades.

05 Apr 2019 10:30 AM

The stock’s weak performance could make investors more cautious about a string of expected public listings from Silicon Valley unicorns, including Uber Technologies Inc and Pinterest, which are also unprofitable.

Lyft falls further from IPO after receiving first 'sell' rating

Shares of the money-losing San Francisco company fell as much as 4.2 percent to USD 66.10.

03 Apr 2019 12:48 PM

The stock has shed more than half of its value in a year as of Tuesday’s close.

Jet Airways shares fall as it grounds more planes over unpaid lessor dues

Jet Airways grounded 15 more planes due to non-payment of dues to its lessors.

03 Apr 2019 10:43 AM

The public sector company said that it produced 41 new aircraft, helicopters and 98 new engines in 2018-19. (Photo: Twitter)

HAL records Rs 19,400 crore turnover for 2018-19 fiscal

HAL posted a revenue growth in excess of 6 per cent during 2018-19 as compared to 3.8 per cent during 2017-18.

02 Apr 2019 8:42 AM

Japan Display said it is aiming for a total capital increase of 110 billion yen (USD 990 million).

Troubled Apple supplier Japan Display to seek funding, shares surge

Japan Display, one of the world’s top vendors of LCD panels used in iPhones, has been battered by Apple’s shifting fortunes.

01 Apr 2019 11:34 AM

Revenue from BlackBerry’s technology and solutions segment rose nearly 20 percent in the quarter, supported by the company’s focus on QNX, a software used by carmakers to provide infotainment and other services to customers. QNX is used in more than 120 million cars worldwide.

BlackBerry forecasts higher revenue as bets on new tech pays off

The company forecast revenue growth of 23-27 percent for the year, implying total revenue of between USD 1.13 billion and USD 1.16 billion.

31 Mar 2019 4:40 PM

On Thursday, Lyft priced 32.5 million shares, slightly more than it was offering originally, at USD 72, the top of its already elevated USD 70-USD 72 per share target range, raising USD 2.34 billion in its initial public offering.

Lyft shares soar on Nasdaq debut, setting stage for Uber

Lyft’s IPO, which is the year’s biggest thus far, sets the stage for other Silicon Valley unicorns seeking to debut in the stock market.

31 Mar 2019 1:00 PM

Analysts had forecast a steeper decline on account of the higher base a year earlier due to a T$66 billion disposal gain from sale of Sharp’s special shares.

Foxconn posts fall in fourth-quarter profit, beating estimates

Foxconn acquired control of Japan’s Sharp in 2016 to try to boost the Taiwanese company’s advanced screen technology.

31 Mar 2019 12:51 PM

The company is required to increase its public shareholding to 25 per cent of its paid-up equity share capital on or before October 2, 2020.

Cardif sells 5 cr shares in SBI Life Insurance for 2,889 crore

The sale was done at average price of Rs 577.93 per equity share.

30 Mar 2019 11:05 AM

As on December 31, 2018, PNB held 32.79 per cent stake in PNB Housing Finance.

PNB to sell stake in PNB Housing to General Atlantic, Varde Partners for Rs 1,851 cr

PNB has entered into agreements in relation to the said transactions on Friday.

29 Mar 2019 11:59 AM

The airline has had to ground more than two-thirds of its fleet as it struggles to pay lenders. (Photo: AFP/File)

Jet Airways shares rise after govt official rules out grounding more planes

Jet Airways Ltd’s shares rose about 6 per cent on Wednesday to a near 10-week high.

27 Mar 2019 11:44 AM

In the filing to the stock exchanges, Jet Airways on Monday said Naresh Goyal, Anita Goyal and one nominee of Etihad Airways PJSC would step down from the board. (Photo: PTI/File)

Jet Airways shares rally further; close 6.5 pc higher as Naresh Goyal steps down

On the traded volume front, 54.11 lakh shares were traded on the BSE and over 6 crore shares on the NSE during the day.

26 Mar 2019 5:08 PM

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Anita Katyal