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Persistent Systems acquires 4% stake in Altizon

Pune-based software product and technology company Persistent Systems Ltd said it has acquired a 4% stake in Pune-based start-up, Altizon Systems Pvt. Ltd, which is focused on the Internet of Things (IoT). 91 more words


$1bn for shoes!

Nope, it’s not rosy girlish issue about fashion IPO, it’s about possible opportunities for the company and high yield for investors like me.

Jimmy Choo may begin its initial public offering in London as soon as this month amid rising demand for designer footwear, planning to sell about 25% stake, the company has hired Bank of America to manage the sale and is seeking a valuation of about $1bn. 309 more words

Svetlana Kolesova

Implications of The Fed's“Status Quo” Interest-Rate Policy

Yesterday, after concluding its two-day meeting, the FOMC formally announced its current interest-rate policy. The current policy is known as ZIRP (zero interest-rate policy), and is essentially the same interest-rate policy the Fed has maintained since the depths of the Great Recession. 492 more words

Market Analysis

Wipro to invest in robotics, artificial intelligence

Wipro, the Bangalore-based information technology major, is trying to boost internal innovation. The country’s third largest IT services company has identified focus areas for initiatives in this regard and has also allocated budgets for these. 170 more words


Alibaba ups IPO price, may raise over $25B

Chinese e-commerce giant Alibaba Group Holding Ltd, the world’s largest e-com firm by value of goods sold online, has upped the price band for its upcoming initial public offer (IPO) through issue of American Depository Receipts (ADR). 145 more words


Big Data IoT startup Altizon gets seed funding from The Hive, Infuse & Persistent

Altizon Systems Pvt Ltd, a Big Data-focused Internet of Things (IoT) startup based out of Pune, has closed an undisclosed amount in seed round of funding led by The Hive India, a Big Data-focused early-stage fund floated last year by Amit and Arihant Patni—the sons of one of the co-founders of Patni Computer Systems which was acquired by iGate in 2011. 128 more words


However the vote goes, the passive portfolio is the winner

As the result of the Scottish referendum on independence from the UK looks like an ever closer call, there has been plenty of noise in the media about what this will mean both for international finance and for the British investor. 469 more words