Universal Music IPO has one off-beat note
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There still isn’t much information about Universal’s valuation other than it will be at least €30 billion
(AFP)
Carol Ryan
, The Wall Street Journal
Record label will be spun out of Vivendi by end of year positive news for investors, with possible exception of Amsterdam listing
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The world’s largest music company is finally going solo, although not in the usual venue.
On Saturday, Universal Music Group’s French owner Vivendi said that it will spin off its music business and list it in the Netherlands later this year. It had already broached the idea of taking the record label that works with Lady Gaga and Taylor Swift public in 2022. Strong investor appetite for music assets since the pandemic began might explain the accelerated timeline. The news sent Vivendi’s share price up a fifth on Monday.
Amazon to make Fire TV Stick devices in India in a mega boost to Atmanirbhar Bharat
Amazon to manufacture Fire TV Stick in India from this yearPremium
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Amazon will start making the devices via a subsidiary of its manufacturing partner Foxconn Technology Group
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In a mega boost to Modi government s Make in India initiative for an Atmanirbhar Bharat, Amazon will start manufacturing television streaming devices in India later this. Delighted to share that soon Amazon will commence manufacturing of electronics products like FireTV stick in India, said Union minister for electronics and information technology Ravi Shankar Prasad on Tuesday.
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https://mybs.in/2Zc4hR9 As per ANAROCK Property Consultants, over 26,340 rooms were added in the organized or branded hotels segment during 2017-19 Domestic travel industry has been one of the worst sufferers of Covid-19, as the pandemic and the ensuing lockdown hit their coffers hard. However, the economic activity picking up over the past few months, travellers – both leisure and business – are slowly returning. With an improvement in macro indicators in terms of business as well as COVID recovery rate, the hospitality sector is also expected to witness a revival in demand, though at a slower pace.
US market closed for President s Day
Global shares rose for the 11th day in a row to reach a fresh peak on optimism about the rollout of COVID-19 vaccines and new fiscal aid from Washington. However, the US stock markets were closed on Monday for the Presidents Day holiday. E-mini futures for the S&P 500 were trading higher, up 0.4%
European shares rally as mining stocks gain
European shares scaled one-year highs on Monday and mining stocks tracked a jump in copper prices as bets of more US stimulus fuelled optimism around a faster global economic recovery this year. The pan-European STOXX 600 rose 1.30 per cent, with Rio Tinto, BHP Group and Anglo American bolstering the index. Banks and energy stocks were also among the biggest gainers.