Airbnb officially reached technology unicorn status in 2011, when it crossed the $1 billion valuation threshold. As Airbnb raised more money from investors, Chesky resisted taking it public. He split his time between running the company, visiting properties and developing experiences for guests.
The Dow Jones Industrial Average fell 45.66 points, or 0.15%, at the open to 29,437.57. The S&P 500 opened lower by 2.56 points, or 0.07%, at 3,579.31, while the Nasdaq Composite dropped 12.02 points, or 0.10%, to 11,892.70 at the opening bell.
The maker of Bharat Benz truck registered a net loss of Rs 109 crore for FY-20 versus Rs 230 crore loss incurred in FY-19. The total revenue for the company slipped 30% to Rs 5,740 crore vs Rs 8,299 crore in FY-19.
The approval by the Competition Commission of India (CCI) is a setback for U.S. giant Amazon, which has argued that a 2019 agreement it inked with Future prevented the Indian group from selling its retail assets to certain parties, including Reliance - led by Asia's richest man, Mukesh Ambani.
Global equities and economies saw a drastic fall this year as Covid pandemic and lockdowns implemented in many large economies including India.
S&P BSE Telecom biggest sectoral gainer, up 3%. This is how the index stocks are faring
All sectoral indices except S&P BSE Energy trading in the green
Here are top stocks that are contributing to Sensex's gains
Forex Center: This is how major currencies are faring against each other
L&T Finance invokes shares of three Essel Group companies
L&T Finance Ltd has invoked shares of three Essel Group companies -- Zee Media Corporation, Zee Learn and Siti Network Ltd -- and appropriated them against loan outstanding amount. As per regulatory filings, L&T Finance invoked and appropriated against loan outstanding amount 1.24 crore shares constituting 2.65 per cent stake of Zee Media Corporation on November 18. L&T Finance also invoked and appropriated against loan outstanding amount 96.02 lakh shares constituting 2.94 per cent stake of Zee Learn on November 18.
ETMarkets Webinar: Is it time to look beyond largecaps?
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Price as on 20 Nov, 2020 01:07 PM, Click on company names for their live prices.
BSE may sell minority stake in StAR MF, shares jump 4%
Leading stock exchange BSE is mulling to sell a minority stake in its mutual fund distribution platform StAR MF, ET NOW reported quoting sources. The report further added that ICICI Securities has been appointed as banker to the transaction.
Bharti Infratel rallies 11% after completing merger with Indus Towers
Shares of Bharti Infratel advanced 11 per cent in Friday’s intraday trade after the company said its proposed merger with Indus Towers to create a mega tower company has been completed. The scrip traded 11.40 per cent higher at Rs 206.90 at around 12.22 pm (IST), while the benchmark BSE Sensex traded 0.03 per cent down at 43,586 at around the same time.
Kalpataru to invest Rs 350 cr to build over 200 premium flats in Mumbai
Realty firm Kalpataru Ltd will invest Rs 350 crore over the next three years to develop a premium housing project in Mumbai as it sees revival in demand supported by lower home loan interest rates and property prices. Kalpataru Ltd, which is part of diversified business house Kalpataru group, on Friday said it has started the second phase of its housing project 'Kalpataru Vienta' in Kandivali (East), Mumbai.
Gland Pharma IPO had a strong listing at Rs. 1720 (Issue Price was Rs. 1500). It is a niche player, focused on injectables. It has proven track record of growth and profitability along with a consistent regulatory compliance history. It has never received a negative USFDA report. The future prospects are bright as it has 267 ANDA filings of which 215 are approved. Pharma sector is in focus and given its strong fundamentals and promising future, there is lot of investment interest.
- Hemang Jani, Motilal Oswal Financial Services
Lakshmi Vilas Bank shares slump further, hit 52-week low value
Shares of Lakshmi Vilas Bank slumped further and fell 10 per cent to hit a new 52-week low value in early trade on Friday as investor sentiment remained cautious. This is also the fourth consecutive session of loss for the Lakshmi Vilas Bank (LVB) stock as investor sentiment was spooked after the government placed the lender under a one-month moratorium and superseded its board. On BSE, the shares plunged 9.55 per cent to hit lower circuit limit of Rs 9.
Vodafone Idea climbs 5% on receiving Rs 3,760 crore from Indus stake sale
Shares of Vodafone Idea surged 5 per cent in Friday's trade after the debt-ridden company received about Rs 3,760 crore cash for its 11.15 per cent holding in Indus Towers following its merger with Bharti Infratel. The stock rose 4.63 per cent to hit a high of Rs 9.70 on BSE. Shares of Bharti Infratel gained 7.58 per cent to Rs 199.50
Top gainers on NSE at this hour
Price as on 20 Nov, 2020 11:34 AM, Click on company names for their live prices.
Sensex erases gains, slips into the red
The BSE barometer Sensex reversed opening gains and slipped into the red amid losses in RIL and bank stocks. Overnight cues from US markets were also tepid and weighed on the market sentiments back home.
Rupee rises 12 paise to 74.15 against US dollar in early trade
The rupee appreciated 12 paise to 74.15 against the US dollar in opening trade on Friday, supported by positive opening in domestic equities and weakness in American currency. At the interbank forex market, the domestic unit opened at 74.15 against the US dollar, registering a rise of 12 paise over its previous close. On Thursday, the rupee had settled at 74.27 against US dollar.
Top 5 gainers from the real estate sector
Price as on 20 Nov, 2020 10:31 AM, Click on company names for their live prices.
Gland Pharma made a strong market debut on Friday as the scrip got listed at Rs 1,710 on NSE, a 14 per cent premium over its issue price of Rs 1,500. On BSE the scrip got listed at Rs 1,701, up 13.40 per cent.
Vodafone Idea, YES Bank, Tata Motors among most active stocks on NSE
Price as on 20 Nov, 2020 09:23 AM, Click on company names for their live prices.
OPENING BELL: Sensex jumps 275 points, Nifty nears 12,850; J&K Bank rallies 11%, DB Corp 6%
S&P500 futures were trading 0.66 per cent lower at 3,555.88 on Friday after Treasury Secretary Steven Mnuchin asked the Fed to return money earmarked under the March pandemic relief act for emergency lending to businesses, nonprofits and local governments, marking an end on December 31 to most of the crisis-response programs.
Gland Pharma to make market debut today
Gland Pharma, whose IPO ran from November 9 to November 11, will make the market debut today. The issue, sold in the Rs 1,490-1,500 range, was subscribed mere 2.06 times in the three-day bidding process with HNI and retail quotas largely remaining undersubscribed.
SGX Nifty signals positive start
Nifty futures on the Singapore Exchange traded 28.50 points, or 0.22 per cent, higher at 12,802.50, in signs that Dalal Street was headed for a positive start on Friday.
Oil slips a second day as coronavirus cases spiral
US oil prices slipped on Friday, dropping for a second day as concerns mounted about the hit to demand from the surge in COVID-19 infections forcing new lockdowns, but prices were supported by signs of movement on a stimulus deal in Washington. West Texas Intermediate was down 9 cents, or 0.2%, at $41.65 a barrel.
Tech view: Nifty forms Shooting Star
Analysts said the index was facing tough resistance in the 12,900-950 range and the formation of this candle after a couple of Hanging Man patterns suggests weakness ahead. The 12,600 level looks likely, they said. On the upside, Nifty50 has a hurdle at 12,900 level, they said..
Asian shares mixed in early trade
Asian shares staged a mixed open and futures for the S&P 500 fell 0.66%, erasing the firmer lead from a strong Wall Street session overnight. Australia's S&P/ASX 200 rose 0.44 per cent in early trading, while Hong Kong's Hang Seng index rose 0.22 per cent. Japan's Nikkei opened 0.6 per cent lower. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.11% per cent.
Covid hospitalisation in US up 50% in 2 weeks
The number of people hospitalized with COVID-19 in the United States has jumped nearly 50% in the last 14 days, straining the nation's healthcare system and forcing states to impose new restrictions to curb the alarming spread of the coronavirus.
US jobless claims rise to 7,42,000
New filings for unemployment benefits in the United States climbed to 742,000 last week, the Labor Department said Thursday, reversing their recent decline amid a surge in Covid-19 cases. The data also showed 320,237 people applying for benefits under a special program for workers who aren't normally eligible, while the level of claims reported in the week ended November 7 was revised slightly upwards.
FPIs buy Rs 1,180 cr worth of stocks
Net-net, foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 1,180.61 crore, data available with NSE suggested. DIIs were net sellers to the tune of Rs 2,854.94 crore, data suggests.
US stocks settled higher
US stocks ended in positive territory on Thursday as fresh stimulus hopes buoyed investor sentiment toward the end of a session fraught with worries over mounting shutdowns and layoffs linked to spiraling COVID-19 infection rates. The Dow Jones Industrial Average rose 44.81 points, or 0.15 per cent, to 29,483.23, the S&P 500 gained 14.08 points, or 0.39 per cent, to 3,581.87 and the Nasdaq Composite added 103.11 points, or 0.87 per cent, to 11,904.71.
Rupee settles 8 paise lower against US dollar
The rupee depreciated 8 paise to settle at 74.27 (provisional) against the US dollar on Thursday, tracking muted domestic equities and strong American currency. At the interbank forex market, the domestic unit opened at 74.28 against the US dollar and touched an intra-day high of 74.22 and a low of 74.33. It finally closed at 74.27 against the greenback, registering a fall of 8 paise over its previous close.
Sensex, Nifty on Thursday
Equity benchmark Sensex plunged 580 points on Thursday, tracking heavy profit-booking in financial stocks amid a weak trend in global markets. After briefly touching its record intra-day high of 44,230 in a volatile session, the 30-share BSE index ended 580.09 points or 1.31 per cent lower at 43,599.96. Similarly, the broader NSE Nifty hit a fresh intra-day peak of 12,963, before ending 166.55 points or 1.29 per cent lower at 12,771.70.
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