San Francisco: Four out of five Facebook Inc users have never bought a product or service as a result of advertising or comments on the social network site, a Reuters/Ipsos poll shows, in the latest sign that much more needs to be done to turn its 900 million customer base into advertising dollars. The online poll also found that 34 per cent of Facebook users surveyed were spending less time...
07:55 AM, Jun 05, 2012
Tripoli: A group of disgruntled militiamen took over the country's main airport on Monday, storming it with heavy machine guns and armored vehicles and forcing airport authorities to divert flights, a security official said. Mohammed el-Gharyani of Tripoli Security Committee said militiamen from the city of Tarhouna occupied the airport runway. Flights were diverted to Metiga air base in the city's center. He said the militiamen were angry over arrest...
08:14 PM, Jun 04, 2012
India beat Great Britain 3-1 to secure a bronze medal at the 2012 Sultan Azlan Shah Cup hockey tournament. A podium finish has given India's Olympic hopes the perfect boost, as they ended a three-match losing streak against the Britons. ...
03:12 PM, Jun 03, 2012
Moscow: VKontakte, one of Russia's most-popular social networks, has postponed its initial public offering indefinitely after the flotation of the world's largest social network Facebook took a hammering. "The Facebook IPO has destroyed the faith of many private investors so VK's IPO is postponed for an indefinite term," VKontakte founder Pavel Durov wrote in his Twitter page. Durov holds 12 per cent of VKontakte and has a right to vote...
11:07 AM, May 31, 2012
India took on Argentina today in their fifth match of the 2012 Sultan Azlan Shah Cup hockey tournament, but a 3-2 defeat has put India out of reckoning for the championship match on Sunday. ...
01:03 PM, May 30, 2012
Facebook Inc's bungled initial public offering has gone from one of the most highly anticipated stock offerings to a hot legal opportunity for lawyers on both sides of shareholder litigation. Court battles over the fizzled IPO could run for years, as the social networking company, the banks that took it public and the Nasdaq OMX Group Inc face claims that they short-changed investors. Besides fighting off claims by Facebook shareholders,...
03:39 AM, May 26, 2012
New York: Citigroup Inc's Automated Trading Desk had trading losses of about $20 million from Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's US exchange, a source with knowledge of the situation said on Friday. The unit's losses were in addition to claims by market makers Knight Capital Group Inc and Citadel Securities, which each had losses of $30 million to $35 million. UBS AG, the other...
12:24 AM, May 26, 2012
Bandipore: Teachers in a remote village in Jammu and Kashmir's Bandipore have generated a renewed interest in education among children. This has been possible because of the six teachers from Noida, who shared their experiences and ideas in a play school training in the village. While six teachers from the Bandipore village enhanced their teaching skills by spending time with children at the Step by Step school in Noida last...
10:31 AM, May 25, 2012
New York: Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical glitch delayed the social networking company's market debut by 30 minutes on Friday and many client orders were delayed, giving some investors and traders significant losses as the stock price...
06:31 AM, May 25, 2012
India got off to a shoddy beginning at the 2012 Sultan Azlan Shah Cup in Ipoh, Malaysia, conceding a 5-1 defeat to New Zealand as the Indian defence faltered tamely and the forwards failed to capitalise on a number of opportunities - which allowed the Black Sticks to run away with a comfortable victory. Playing on a blue pitch and with yellow balls - similar to what will be on...
05:18 PM, May 24, 2012
Congressional committees are holding briefings, and a group of shareholders has filed suit against the social networking giant. ...
10:11 AM, May 24, 2012
New York: Facebook Inc and banks including Morgan Stanley were sued by the social networking leader's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its $16 billion initial public offering. The defendants, who also include Facebook Chief Executive Officer Mark Zuckerberg, were accused of concealing from investors during the IPO marketing process "a severe and pronounced reduction" in revenue growth forecasts, resulting from increased use of...
09:41 PM, May 23, 2012
Mumbai: Telecom major Vodafone India on Tuesday said its initial public offer this year is highly unlikely due to uncertainty over regulatory issues and pricing scenario in the sector. "It is highly unlikely that we are able to do an IPO in the middle of so many spectrum auctions. It depends on what the final decision on auction of spectrum will be," Vodafone India Managing Director and Chief Executive Marten...
03:39 AM, May 23, 2012
New York: Shares of Facebook fell again at the open on Tuesday as doubts about the company's valuation increased after Reuters reported that underwriters cut their revenue forecasts for the social networking site shortly before the IPO. Facebook's shares hit a low of $31.73, 7.4 percent below Monday's close, and are now trading down 17.1 percent down from their $38 IPO price. The shares are down 30 per cent from...
07:30 PM, May 22, 2012
Facebook shares sank 11 per cent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing, but...
12:47 AM, May 22, 2012
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Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
