A day after its stock briefly fell into bear market, Tesla started the production of its much-awaited Model 3 on Friday. The week’s 13% share-price decline as of Friday morning brings the company’s financial position into question. However, Tesla had plenty of cash on hand initially—more than $4 billion as[Read More…]
Tag: Shares
ICICI Prudential Life Insurance mega IPO opens
The biggest initial public offering (IPO) in nearly six years of ICICI Prudential Life Insurance, began on Monday, with investors bidding for 4.08 lakh shares within the first 10 minutes of the bidding process. As reported by ET, the issue has 0.30% subscription against the issue size of 13.23 crore shares[Read More…]
How Reliance Jio choke-slammed its telecom competitors
Mukesh Ambani’s announcement of Reliance Jio services turned out to be a nightmare for other telecom operators. Soon after Ambani’s announcement of Jio, shares of Bharti Airtel and Idea sunk by 9% and 11% respectively and together they lost Rs 15,600 crore. Shares of other telecom companies also fell on the Bombay[Read More…]