Saudi Aramco’s share surges on its trading debut
By MYBRANDBOOK
The shares of Saudi Aramco has surged on its debut trading after the company started its initial public offering. Saudi Aramco is the world’s largest oil producer. This has helped the company to fortify its status as the world’s most valuable company and bringing it closer to achieving the Saudi royal family’s aim of making it a $2 trillion business.
After the company’s debut on the Saudi stock exchange in Riyadh, the shares rose 10%, reaching the largest daily increase permitted by the exchange. They traded at 35.20 riyals or about $9.50 a share.
This surge pushed the company’s value to about $1.87 trillion which is substantially larger than Apple at about $1.19 trillion.
The launch is expected to raise at least $25.6 billion, making it the largest I.P.O. ever.
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
JUVAS SOLUTIONS PVT. LTD.
HAVELLS INDIA LTD.
CENTRE FOR DEVELOPMENT OF TELEMATICS
QUICK HEAL TECHNOLOGIES PVT. Ltd.
Technology Icons Of India 2023: Bhavish Aggarwal
Ola CEO Bhavish Aggarwal had formed Ola-India’s largest mobility pla...
Technology Icons Of India 2023: Bharat Goenka
Bharat Goenka is the Managing Director of Tally Solutions. He is well ...
Technology Icons Of India 2023: Natarajan Chandrasekaran
Natarajan Chandrasekaran is the Chairman of the Board of Tata Sons, th...
NPCI leading India towards Digital payments
The National Payments Corporation of India (NPCI) is an initiative tak...
ITI Limited widening its focus area
ITI Limited is a public sector undertaking company, has manufacturing ...
C-DOT enabling India in indigenous design, development and production of telecom technologies
An autonomous telecom R&D centre of Government of India, Center of Dev...
INTEGRA MICRO SYSTEMS PVT. LTD.
Integra is a leading provider of innovative hi-technology products an...
ADITYA INFOTECH LTD.
Aditya Infotech Ltd. (AIL) – the technology arm of Aditya Group, is ...
SONATA INFORMATION TECHNOLOGY LIMITED
Sonata Software Limited is a leading Modernization engineering company...