Nasdaq-listed Cognizant Technology Solutions has signed a definitive agreement to acquire global engineering company Belcan for about $1.3 billion (Rs 10,853.7 crore) in cash and stock. The transaction is expected to close in the September quarter. The total consideration includes $1.19 billion (Rs 9,935.31 crore) in cash and 1.47 million Cognizant shares, valued at $97 million (Rs 809.53 crore) based on the information technology services provider's closing share price on June 7, 2024.
India's business process outsourcing major EXL Service has cut down the size of its proposed initial public offer on the Nasdaq Stock Exchange by 20 per cent
United States' biggest electronic stock exchange Nasdaq will help companies listed on it to enter the Indian bourses by issuing Indian Depository Receipts.
"My injury is okay and the ankle is much better. I will be going to this tournament as an injury-free player," said Sania Mirza.
'In the short term you keep your return expectations very, very low; in the medium term be prepared to invest and in the long term growth will come and your returns from stocks will be high.'
The victory gave Agassi a record six Key Biscayne titles.
They are followed by Shenzhen SE, NYSE and Shanghai SE, as per an analysis of data compiled by the World Federation of Exchanges
The National Stock Exchange (NSE) of India is going to indefinitely defer the internal deadline set for extending trading hours, according to sources in the know. The exchange aimed to introduce a three-hour evening session exclusively for index derivatives by March 2024, contingent upon regulatory clearance from the Securities and Exchange Board of India (Sebi). Sources indicate that the market regulator has not provided a favourable indication, dimming optimism surrounding the proposal.
'India's fundamentals are a lot better (than those of other emerging market economies).' 'India will suffer (witness a fall in its stock market) what I call the second order effect.' 'And the second order will happen when these funds (belonging to macro and hedge fund investors and which have leveraged Japanese yen-carry trades), because they lose money elsewhere as lot of their positions were financed by borrowing Japanese yen, will have to book profits in investment destinations where they are making money, including in markets like India.' 'They (these investors) will have to effectively sell in countries like India and which is the consequence (the crash in equity markets) that Indian markets might see.'
They created MyCityWay apps on the mobile device that provides information for over 50 resource categories in the city.
Among the Sensex firms, major winners included Tata Steel, rising 3.77 per cent, followed by HCL Tech, which gained 3.62 per cent. IndusInd Bank and PowerGrid closed with a gain of 3,60 and 3.34 per cent, respectively. Other gainers were Tech Mahindra, Hindustan Unilever, Bajaj Finserve and Bharti Airtel, among others. On the other hand, ICICI Bank, Axis Bank, Asian Paints, Bajaj Finance and TCS were the only laggards, sliding up to 2.94 per cent.
Flipkart might consider Singapore, too, as listing norms aren't very strict.
The Nasdaq Composite hit a high of 5,143.316.
ISB students were invited to ring closing bell at Nasdaq.
Take this quiz to test your finance gyaan.
New York Stock Exchange (NYSE) and Nasdaq remained closed for the second consecutive day, the first time since 9/11, as superstorm Sandy swept across New York City, leaving the Wall Street powerless.
In pursuit of their global ambitions, domestic companies are looking to list their shares on exchanges in new geographies - not just New York or Nasdaq exchanges.
Nasdaq expects no Indian companies to get listed there in the next two years even as only one IT major Infosys topped with a total market value of about $7.176 billion till September last year.
In another development, Carlyle Group of the District said it was selling a 7.5 per cent share of its general ownership to an investment group owned by the government of Abu Dhabi, which like Dubai is part of the oil-rich United Arab Emirates.
Business Process Outsourcing services provider EXL Holdings on Friday said it has raised a little over $72.2 million through its initial public offer.
Setting the stage for the much-awaited trading of Facebook, its founder Mark Zuckerberg on Friday rang the opening bell at the Nasdaq stock exchange. Zuckerberg rang the bell from the headquarters of Facebook in California.
State-run gas firm Gas Authority (India) Ltd may list on the New York Stock Exchange or the Nasdaq by converting its global depository receipts into American depository receipts.
Refuting the allegations of United States lawmakers and certain quarters here that H-1B visas take away jobs from Americans, Nasdaq's chief has claimed that studies show that for every H-1B visa, technology companies increase employment by five workers.
Trouble started brewing after Cognizant announced that Ravi Kumar, former Infosys president, would take over as the Nasdaq-listed company's CEO.
Improvement in financial savings channelised massive inflows into the equities market through the mutual fund route.
India has lost out to China in the arena of one of the world's most respected stock exchange, Nasdaq, which has decided to launch a dedicated index of Chinese companies listed in the US.
The New York Stock Exchange has stolen a march over its rival Nasdaq in India.
Noida-based BPO firm, EXL Service is likely to list its shares on the Nasdaq Stock Market on October 20 after pricing its public issue of five million shares in the US market later this week.
Here's a first look of the grand event.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
In India, the company serves customers such as stock exchanges, brokers, non-banking financial companies, financial services and insurance, IT and IT-enabled services.
It works like this. There is a section in the US called 144A securities, which was launched in August 15, 2007. Trading in 144A securities takes place only among qualified brokers, dealers and QIBs. Retail investors cannot participate in this segment.
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