NEW DELHI: People Group, which owns and operates real estate portal Makaan.com, has entered into talks with potential buyers, to sell the venture, at a time when the country’s online property space is being seen as the next battleground for global risk capital and strategic investors. MagicBricks. com and online web and mobile classifieds company Quikr are among those believed to have held early-stage discussions with the promoters of Makaan.com, according to two sources with direct knowledge of the developments. A potential transaction could see promoters of Mumbai-based venture, either outright sell its entire stake, or enter into a joint venture with a new backer, which could see the promoters divest up to 50% of their ownership, and which will also have a long-term payout component built into the agreement. Anupam Mittal, the founder and promoter of People Group, declined to speak on the developments, while emails sent to Magic-Bricks.com and Quikr did not receive any … [Read more...] about Mumbai-based realty portal Makaan.com may sell or form JV with MagicBricks or Quikr
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Our financial planning service is often focused around investing for private schooling at a bilingual English-Vietnamese school (and then university fees, potentially at an international institution). This may not be cheap, but parents rightly see the value of globally recognised qualifications and bilingualism in the world’s 'lingua franca' of the business world as a key building block in their children’s financial security. … [Read more...] about Big thinking on Việt Nam’s bilingual schools
NEW DELHI: The IPO market is set to see its first mainboard IPO of financial year 2019-20 with Rossari Biotech hitting the market with its Rs 500 crore IPO on Monday. Rossari IPO was caught in Covid blues at first attempt. It was to launch its IPO on March 18, but cancelled its IPO press conference on March 13 as market conditions turned unfavourable. The IPO mart went into a hiatus since the last mainboard issue -- the Rs 206 crore Antony Waste Handling Cell IPO -- was also called off in March amid tepid investor response. With the secondary market now looking up, Rossari is back with its fundraising plans. The company has faced issues with road shows and promotional activities, and tried to do all investor interactions mostly online, thus experimenting with a number of firsts for the primary market, which, if successful, might change the way the IPO mart would work in the post-Covid environment. Here's what you need to know about the issue: What does Rossari Biotech do?The … [Read more...] about Rossari Biotech IPO: Things you must know about specialty chemical company
Baby names, contrary to how it may seem on the surface, can stir up quite a few debates and meme trends on the Twitterverse. A few years ago, it was actor Saif Ali Khan naming his son ‘Taimur’ that caused a furore on Twitter. Reality TV star and socialite Kim Kardashian, also got trolled massively for naming her first-born, ‘North’ West. From Cardi B and Gwyneth Paltrow naming their kids ‘Kulture’ and ‘Apple’, to Jason Lee calling his newborn ‘Pilot Inspektor’, Hollywood celebs often go for out-of-the-box names for their tiny tots. Now, it’s tech mogul and Tesla co-founder Elon Musk whose baby-naming skills, let’s just say, have left Twitterati less than impressed. The Space X CEO named his newborn ‘X Æ A-12’, which, on the first look, appears like a random sequence of numbers, but as Musk’s significant other, singer Grimes says, each character has a significance and represents something … [Read more...] about Elon Musk names baby X Æ A-12, Twitter tries to decode it with hilarious memes
McDermott says it should still be part of an investment portfolio. “Our preferred route is to buy a gold equity fund. They tend to outperform nicely when the spot price is doing well. Our preferred fund is Ninety One Global Gold which is up 52% over the last 12 months,” he says. It has a minimum investment of £100. … [Read more...] about Precious metal: the gold-standard investment when a crisis hits?