Route Mobile lists at 105% premium over issue price
Route Mobile made a solid stock market debut on Monday as the scrip got listed at Rs 717, a 104.86 per cent premium over its issue price of Rs 350 on the NSE index. Meanwhile, on BSE it listed at Rs 708, a premium of 102.29 per cent.
TikTok Global to launch public offering, says ByteDance
TikTok Global plans to hold a public listing, its Chinese parent company ByteDance said on Monday, after announcing a deal over the weekend that would avert a shutdown of the popular app in the US. The agreement sees Oracle become the data partner for the video-sharing platform while Walmart becomes a commercial partner, creating a new US company called TikTok Global.
'FinCEN' docs show banks moved illicit funds: Report
Several global banks moved large sums of allegedly illicit funds over a period of nearly two decades, despite red flags about the origins of the money, media houses reported on Sunday, citing confidential documents submitted by banks to the US government.
Ex-Cognizant CEO D’Souza setting up $1bn PE fund
Former Cognizant CEO Francisco D’Souza has started a new innings. Together with others, D’Souza is setting up a $1 billion US-based private equity fund called Recognize. He is said to have already raised a couple of hundred million dollars.
Covid: Hong Kong asks Air India to suspend flights for 2 weeks
Hong Kong has again asked Air India not to operate flights there for two weeks starting Sunday (September 20). Like the first suspension last month, this time also the reason is significant number of passengers from India testing positive on arrival in Hong Kong.
Seven of top 10 most valued firms lose Rs 59,260 cr in cumulative market valuation
Seven of the top 10 most valued domestic companies saw a combined erosion of Rs 59,259.58 crore in their market valuation last week, with Hindustan Unilever, HDFC Bank and Kotak Mahindra Bank emerging as major laggards.