As the shares of social networking giant Facebook begin trading on the NASDAQ exchange today, experts believe that the stock is overpriced at $38 apiece and one must wait for now to invest in the firm.
The Bollywood stars lead the India Day Parade in New York.
Neha Uberoi upset top seed Nicole Vaidisova of Czechoslovakia 6-2, 6-4 in the finals of the Luxilon Cup Junior Tennis Tournament in Miami.
But on account of uncertainty over the presidential elections and also the fact that the valuations are looking a bit stretched, volatility is likely to remain the order of the day.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Nasdaq-listed company had posted losses in the previous three quarters of the 2013 fiscal while for the same period last year, it had reported a loss of $125 million.
The rally from supports averted an immediate meltdown but the correction is far from over, says Sonali Ranade.
The Nasdaq-listed company, which develops and markets bandwidth management solutions for fixed line and mobile network operators worldwide, shot into fame during the earlier technology bubble with market capitalisation at one point of time touching as high as $18 billion.
In talks with BSNL, MTNL to float a firm in which it will hold 49 per cent.
iGate said these demands are not tenable and the NASDAQ-listed firm has approached the requisite appellate authorities.
Nasdaq-listed IT firm Cognizant on Wednesday said it will pay its senior executives 100 per cent performance-linked stock options if the company's revenues touch $8.51 billion in fiscal year 2013.
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Meanwhile, NSE was also ranked first in number of equity trades for the first half of 2013 with a total of 71.18 crore (711.8 million) trades.
Beats estimates with 22 per cent increase in net profit.
The two largest stock exchanges of the world cut salaries of their CEOs.
In the past few days, many companies, including fashion e-tailer Nykaa, food delivery platform Zomato, logistics and delivery firm Delhivery, insurance discovery platform PolicyBazaar, eyewear retail chain Lenskart, and edtech and online tutoring firm Byju's, have openly spoken about their IPO plans.
Don't spend your time trying to raise funds and then get demotivated by the rejection. Spend your time growing your company first, says Arjita Sethi.
The changes are effective from April 1, the NASDAQ-listed IT major said in a statement.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The acquisition would help Cognizant significantly expand its ability to provide industry-focused SAP consulting and software solutions to major retailers enabling them to streamline operations and enhance customer satisfaction, Cognizant said in a statement.
Futures for the S&P 500 were down 1.4 per cent, Dow Jones futures were 1.3 per cent lower and Nasdaq 100 futures were down 1.4 per cent at 0939 GMT.
The 15 Indian entities listed on the New York Stock Exchange and Nasdaq saw their cumulative market value plummet.
Despite growing rapidly in an adverse business climate, rumours cast doubts about its future.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The company, which had made voluntary disclosures about the bribery incident to the US authorities, also said with this resolution, there was no pending investigations against Cognizant.
On April 10, the Nifty could have begun a new super cycle which could run to 2025, says Sonali Ranade
Nasdaq-listed Silicon Image Inc, a provider of wireless and wired high-definition connectivity solutions for consumer electronics, mobile and PC markets, has developed GameChanger, a wirelessHD 60-GHz chipset that supports interactive wireless HD video and audio transmission between portable devices and mobile HD link-enabled displays and projectors.
Analysts worldwide are expecting that Facebook can list at a huge premium as the number of shares on offer is minuscule in comparison to the high level of investor interest. They are also expecting a closing price above $50 mark.
Monday's drop followed an 8.5 per cent slump in Chinese markets.
When the founder and CEO of MakeMyTrip.com, Deep Kalra, spoke of his plans to expand the company's offline retail stores, the American board members of the Nasdaq-listed online travel firm found the idea revolutionary.
India's largest travel portal, MakeMyTrip, is in a hurry to go places. Seven months after a listing on New York's NASDAQ, the firm now plans to raise additional funds from the market.
In 2010, Kraft Foods had acquired British candy maker Cadbury in a deal worth close to $19 billion.
Size of targeted firms for M&As increases from $10-20 mn to $80-100 mn.
US stock market indices may be performing better than India's popular benchmark Sensex, but individual Indian stocks have outshined their own American Depositary Receipts by up to 25 per cent in the past one year.
The shares would begin trading on the NASDAQ exchange on Thursday under the symbol 'FB'.
The last few weeks have seen heated exchanges between two important stakeholders in online travel, putting a damper on a fast-growing industry.
Founded in 2004, by Mark Zuckerberg, 28, the technology company, announced the pricing of its initial public offering of 421,233,615 shares of its common stock at a price to the public of $38 per share.
Top five India-based IT services providers grew 23.8 per cent last year compared to 7.7 per cent growth logged by the overall global IT services market, research firm Gartner said on Monday.
The Bangalore-based company has said in a filing to Nasdaq 'additional information for 2010-11' that the average age of its employees in 2011 stood at 27 years.
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