US law firms initiate investigation against Infosys on behalf of investors

NEW DELHI, AUG 19:   Four US law firms have said they are investigating potential claims on behalf of Infosys investors on whether the company and some of its officials and directors have violated federal securities laws. The development comes a day after the IT major, which is also listed in the US, saw its CEO […]

Super Mario Run Launched for iOS: Nintendo Investors Dump Stock

HIGHLIGHTS Nintendo launched Super Mario Run mobile video game for iOS devices Nintendo’s shares plummeted after the launch Super Mario Run will require a $10 buy for the full version Nintendo shares dived almost five percent Friday, hours after the release of its latest mobile phone game and despite it topping download charts in several […]

Has Ibibo lost some of its sparkle for investors in MakeMyTrip?

MakeMyTrip’s Ibibo acquisition hasn’t resulted in lower discounting, as mentioned earlier. Photo: Hemant Mishra/Mint MakeMyTrip Ltd’s shares have corrected by around 17% after the initial euphoria around its purchase of Ibibo Group’s travel business subsided. Although they are still trading far higher when compared with the levels before the deal announcement, the toning down of […]

Foreign investors see Indian equities as defensive bets

BSE’s 30-share Sensex trades at 17.42 times one-year forward earnings. In comparison, the MSCI EM Index trades at 13.49 times one-year forward earnings, according to data from Bloomberg. Photo: HT Mumbai: Indian equities are now being categorized as defensive bets, thanks to their ability to be resilient in tough times, but the gush of flows […]