The Only Way For Me To Pay Taxes Is To Sell Stocks: Elon Musk
Tesla's CEO, Elon Musk asked his Twitter followers in a poll, if he should sell 10% of his Tesla shares, as he might have to pay a "massive" tax bill. A 55% of the poll answers approved the idea of selling the shares. Further, he said he would abide by the decision of the poll. "The only way for me to pay taxes personally is to sell… read-more
Tags: Elon Musk, Tesla, Technology, COMPANY SHARES, tax
Courtesy: Reuters
Paras Defence Announces Its IPO Share Allotment
Paras Defence and Space Technologies on September 29 announced the share allotment for its initial public offer. The allotment status can be checked online. The updated records are available on the official website of BSE. The issue earlier broke all records of subscription as it was highly oversubscribed. The offer included a fresh issue of up to ₹140.6 crore and an offer for sale of up to 17,24,490 equity shares.
Tags: IPOs, Paras Defense IPO, SHARE MARKET, COMPANY SHARES
Courtesy: Livemint
IBM Bifurcates Itself To Focus On AI and Cloud Computing
Tech giant IBM on October 9 declared that the company will bifurcate itself into two public companies at a cost of $5 billion. Reportedly, the decision aims to focus on cloud computing and artificial intelligence. CEO Arvind Krishna stated that the new company, named NewCo, will have 90,000 employees and annual revenue of $19 bn while debuting the market next year. Post announcement, IBM registered a 6% rise in shares.
Tags: IBM, Cloud backup service, Artificial Intelligence, COMPANY SHARES
Courtesy: BBC
Route Mobile to Open Rs 600 Crore IPO from September 9; Equity Share to Cost Rs 350
On September 2, Route Mobile declared that its Initial Public Offering (IPO) worth Rs.600 crores will be open from September 9. The company stated that its one equity share might cost around Rs.350. The shares are proposed to be listed on BSE and NSE markets. The company plans to use the funds to repay previous loans and other strategic activities including the purchase of offices in Mumbai.… read-more
Tags: Mobile Networks, COMPANY SHARES, OTT, Mumbai
Courtesy: ANI News