Tuesday , 17 July 2018
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Mark Zuckerberg Becomes World’s Third Richest Person as Facebook Stock Soars

Facebook co-founder Mark Zuckerberg has overtaken Warren Buffett as the world’s third-richest person, further solidifying technology as the most robust creator of wealth. Zuckerberg, who trails only Amazon.com founder Jeff Bezos and Microsoft co-founder Bill Gates, eclipsed Buffett Friday as Facebook shares climbed 2.4 percent, according to the Bloomberg Billionaires Index. It’s the first time that the three wealthiest people on the ranking made their fortunes from technology. Zuckerberg, 34, is ... Read More »

Dropbox Soars in Best Tech Debut Since Snap

HIGHLIGHTS Dropbox’s shares closed at $28.42, up more than 35 percent Investors rushed to buy into the biggest tech IPO in more than a year At the stock’s opening price, Dropbox had a valuation of $12.67 billion Dropbox’s shares closed at $28.42 (roughly Rs. 1,840), up more than 35 percent in their first day of trading on Friday, as investors rushed ... Read More »

L&T Finance net soars 49% as advances surge

MUMBAI, JUL 26:   L&T Finance Holdings, financial services arm of the engineering major L&T, today reported consolidated net profit growth of 49 per cent at Rs. 309 crore for the three months to June driven by higher advances that clipped at 96.4 per cent and better asset quality. This is the fifth consecutive successful quarter for the company after many quarters of ... Read More »