Mukesh and Nita Ambani Are Blessed For A Reason!

Mukesh and Nita Ambani

Mukesh and Nita Ambani are blessed and rich for a reason. The couple wholeheartedly serve the under privileged. As per the Hindu shastras, each time you serve the poor and needy, the more blessed you become.

With support of Mukesh, Nita Ambani runs several charitable organizations; like Education For All (EFA), Drishti and several others.

Avenue Supermart May Correct By Up To 35%

Radhakishan Damani

Avenue Supermarts who runs D-Mart stores promoted by Radhakishan Damani which had a splendid run on stock markets may correct by up to 35%.

EGW Capital Inc. is expecting stock price to fall Rs. 270 to Rs. 504 in the next 2-3 months.

Flex Class Loses Rs 670 Crore In Market Value Post Secondary Market Delisting Announcement

DENVER : The stock of Flex Class Holdings Inc. fell 8.25%, post  its delisting announcement from the www.otcpremarkets.com.

The valuation of Flex class Holdings Inc. has now dropped to ₹4,029 crore from its peak valuation of ₹11,750 crore, last month.

The valuation of Flex Class Holdings Inc. is still the highest with respect to online education in India with Byju classes at number two with ₹3,200 crore valuation.

Flex Class Holdings Inc. will delist on March 25, 2017 before it files for the Mini-IPO. The delisting is currently six trading sessions far.

 

Flex Class To Delist From Secondary Markets, MINI-IPO Around The Corner

DENVER : Flex Class Holdings Inc., the leading online business school with over 68,000 active students will delist from OTC Pre Markets on March 25, 2017.

Post delisting,  the company will file its Form A with the SEC to initiate its mini-ipo process. The company is planning to raise US $6 million as an expansion capital.

The last recorded valuation on March 25, 2017 will be taken as final and the shares will be offered at the price matching the valuation.

The company will file for OTC markets listing post its mini-ipo.

As of today,  the company’s last recorded valuation on the secondary markets is trailing above US $700 million or Rs. 4,500 crore.

It is some of these metrics that would have helped Flex Class garner its current valuation, as experts feel that none of the business to consumer (B2C) startups in education technology space have been able to prove a credible business model.

The company, which already has presence in the Indian and Middle East markets, is looking to expand to the USA, UK, South Africa and other the African and Commonwealth markets.

The immediate focus for Flex Class is to expand its user base in India, even as it plans for an international expansion which will take 18 months.

Reliance Jio May Acquire Idea Cellular

Mumbai : According to the business insiders, the senior management of Reliance Jio and Idea Cellular met each other on January 9, 2017 to discuss the possibilities of acquisition.

It was earlier reported that Vodafone may merge into Idea Cellular to avoid IPO and go for a direct listing on the Indian markets.

Again, on January 11, both Mukesh Ambani and Kumar Mangalam Birla met each other and discussed the possibilities. It is also reported that Anil Ambani was also part of the meeting.

According to one of the sources, Mukesh Ambani is planning to offer Rs 116 for each share of Idea Cellular, whereas, Kumar Mangalam Birla is eyeing Rs 150 per share.

Flipkart Valuation May Dip Further To US $3 Billion

New Delhi : The valuation of India’s leading e-commerce player “Flipkart” may dip further to US $3 billion from US $5.54 billion by the end of the year 2017 (Morgan Stanley’s November, 2016 markdown from US $15 billion to US $5.54 billion).  The core reason of anticipated dip in value is heavy competition from the Amazon’s India operations.

Amazon is planning to infuse fresh capital to the tune US $2 billion and will add new 100,000 sellers on it’s platform. Flipkart’s dependency on WS Retail may further deepen losses.

PennyPicks.com Adds Free Stock Market Chat

PennyPicks.com announced today the opening of its new real time text chat feature, allowing members of the site the ability to communicate and share stock market insights, stock picks and more, a complimentary addition to its existing trading and investment forums for penny stock and small cap investors.

Beginning January 4th, 2017 PennyPicks.com has added a new, free chat room feature to its home page at https://pennypicks.com, allowing all registered members to chat freely amongst themselves and share information and trade ideas on Over the Counter Bulletin Board and Pink Sheet penny stocks. For non-members wishing to participate in the new stock market chat room, registration is always completely free at https://pennypicks.com/register.

About PennyPicks.com:

Since 1998, the original PennyPicks.com has provided message forums for penny stock investors and traders to talk about penny stocks. With several main sections; Stock forums, stock newsletter and overall penny stock content, Penny Picks is a go to source for traders to engage and learn about the risks and rewards of trading penny stocks.

Flex Class To Raise US $5 Million or Rs 34 Crores Before Mini-IPO

Flex Class Holdings Inc. (FCHI) before its proposed Regulation A+ offering or the Mini-IPO this year is proposing to raise US $5 million or Rs. 34 crores through the private placement of shares to the institutional investors.

FCHI is in talks with the venture banks and may close on the private offering before the end of February, 2017. The valuation at which the shares might be placed may surpass US $1 billion or Rs. 6,800 crores.

The Regulation A+ offering will is proposed to be propelled before the finish of March this year where FCHI may raise extra US $6 million or Rs. 40.80 crores of funding.

FCHI, has as of late isolated it’s business college from its proposed online school education business. FCHI will work two distinct sites www.flexclass.in for the online school education and www.flexonlinemba.com for it’s online business school.

www.flexclass.in will concentrate on the Indian school curriculum. FCHI through it’s low prices courses may upset the developing business of online education in India.

FCHI’s online MBA school is transforming itself into a skill development platform where online MBA will be the core source of revenue.

FCHI is proposing to include 600 new skill development courses to www.flexonlinemba.com.

FarmLogs raises $22 million to make agriculture a more predictable business

Ann Arbor, Michigan-based FarmLogs has raised $22 million in a Series C round of funding for technology that helps farmers monitor and measure their crops, predict profits, manage risks from weather and pests and more. Naspers Ventures led the round, joined by the company’s earlier backers Drive Capital, Huron River Ventures, Hyde Park Venture Partners, SV Angel and individual investors including Y Combinator president Sam Altman.

According to CEO and co-founder of FarmLogs Jesse Vollmar, the company has invested heavily in satellite imagery and data since it graduated from the Y Combinator accelerator in 2012. It develops predictive models on top of that raw data to help farmers “program” their fields, Vollmar says.

News Courtesy: https://techcrunch.com/2017/01/11/farmlogs-raises-22-million-to-make-agriculture-a-more-predictable-business/