The music streaming giant will use Citadel Securities, as a market maker, and Morgan Stanley to set its opening price on the NYSE on Tuesday. The New York Stock Exchange has set the reference price for Spotify Technology SA’s shares at $132. Its shares are expected to start trading on Tuesday. Incidentally, Spotify is pursuing…
Softbank Group has spread its investment across major players in India’s burgeoning e-commerce market, including in home-grown Flipkart, Snapdeal and Paytm E-Commerce. As per a regulatory filing, as part of a funding round that values India’s Paytm E-Commerce Pvt. Ltd at $1.9 billion, Japan’s SoftBank Group will invest $400 million with exsiting investor Alibaba also…
With Apple distancing itself from Intel chips marks a significant shift for its Mac lineup. The strategic initiative should be seen in the light of Apple designing its processors for the iPhone 4 in 2010 and has steadily increased the number of chip it handles directly. In a strategic initiative, code-named Kalamata, aimed at backward…
The dependency of the world on oil and coal – which are considered to be the main sources for emission of green-house gases is slowly going down in the opinion of the World Bank. “The model has been coal plus renewables, the model can be gas plus renewables. I think 10, 12 years from now,…
JokerStash, a well known criminal group, has managed to breach Hudson’s Bay Co’s security systems and gain access to its payment cards data. Having penetrated the security systems of Hudson’s Bay Co, hackers have gained access to data on payment cards used at Saks and Lord & Taylor stores in North America, said Hudson’s Bay…
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