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☆ These stocks have logged second-half gains every year for a decade — including an AI chip firm
▼ + stars: | 2024-07-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Investors in 14 global stocks could get lucky over the next six months if history repeats itself. CNBC Pro screened the MSCI World index for stocks that have consistently risen in the second half of each year over the past decade. Broadcom AI chip designer Broadcom had the second biggest upside potential, with Wall Street analysts expecting shares to rise 18% over the next 12 months. Analysts expect shares to rise by 39% over the next 12 months to 300 euros ($322). Since the late 1980s, when markets rose by more than 12% in the first half, they rose every time in the second half of the year.

Persons: Stocks, Booz Allen Hamilton, Berkley, Chubb, Assicurazioni Generali, Sofina, Alimentation, that's Organizations: CNBC Pro, Broadcom, New York Stock, Intercontinental Exchange, CDW Corporation, Swiss, Wall Street, Belgian, TSX, Consumer Staples, RBC Capital Markets, CNBC Locations: Munich, Canada, U.S

☆ 'Ruthless' landlords who crammed 22 men into a 2-bedroom apartment raking in more than $10,000 a month plead guilty after fire death
▼ + stars: | 2023-12-02 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

The landlords of a London flat that suffered a fire have pleaded guilty to criminal charges. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe landlords of an overcrowded London apartment that suffered a fire have pleaded guilty to criminal charges. In the overcrowded apartment, students, asylum seekers, and other vulnerable people were sleeping in bunk beds and on the floor, without heating or use of the washing machine, and sharing a single toilet. AdvertisementAnthony Iles, chair of the Tarling West Tenants and Residents Association, told the Guardian, that the couple were "ruthless landlords."

Persons: Mizanur Rahman, —, Sofina Begum, Aminur Rahman, Begum, Rahman, Anthony Iles, Brent Council, Jaydipkumar Rameshchandra Valand Organizations: Service, Guardian, Residents Association Locations: London, Bangladesh, Wembley

☆ France's Mistral AI raises 105 mln euros shortly after being set up
▼ + stars: | 2023-06-13 | by ( Sudip Kar-Gupta | ) www.reuters.com time to read: +2 min

The fund-raising highlights the rapid growth of the artificial intelligence (AI) sector as well as Europe's desire to create rivals to Silicon Valley companies such as Microsoft-backed (MSFT.O) OpenAI and Google's (GOOGL.O) DeepMind. Paris-based Mistral AI was set up by former Meta (META.O) and Google artificial intelligence researchers Timothee Lacroix, Guillaume Lample and Arthur Mensch. Mistral AI's fund-raising was led by international venture capital fund Lightspeed Venture Partners. Former Google CEO Eric Schmidt is also a shareholder in Mistral AI. "Bravo to the start-up Mistral AI which has raised 105 million euros just a month after its creation: a record!"

Persons: Schmidt, Xavier Niel, Rodolphe Saade, Timothee Lacroix, Guillaume Lample, Arthur Mensch, Mensch, Mistral, Eric Schmidt, Jean, Noel Barrot, Bravo, Sudip Kar, David Evans, Leslie Adler Organizations: Lightspeed Venture Partners, Microsoft, Meta, JCDecaux, Italy's Exor Ventures, Mistral, Paris, Twitter, Thomson Locations: PARIS, Silicon, DeepMind, Paris, France, Europe, New York , California, London

☆ Indian skincare firm Mamaearth's parent puts IPO on hold - sources
▼ + stars: | 2023-03-27 | by ( M. Sriram | ) www.reuters.com time to read: +2 min

MUMBAI, March 27 (Reuters) - Indian skincare startup Mamaearth has put its initial public offering (IPO) on hold because of weak market conditions, two people with direct knowledge of the matter said, a month after two other Indian companies also scrapped their share sales. Mamaearth planned to start marketing the IPO and begin initial talks with investors by the end of January, but that has not happened yet, the sources said. The company has until December to receive approval for the IPO from the Securities and Exchange Board of India (SEBI) and file its final prospectus. He added that its largest investor, Sequoia, would not be selling any shares in the IPO and the founders would own more than 97% of their shares after the IPO. Last month, Indian apparel retailer Fabindia, backed by billionaire Azim Premji's fund, and jewellery retailer Joyallukkas scrapped their IPOs due to poor market conditions.

[1/5] An employee prepares online grocery orders in the storage area of Czech online grocer Rohlik Group in Prague, Czech Republic February 1, 2023. HUGE GROWTH POTENTIAL Rohlik, founded in 2014, leads the Czech market by mainly targeting customers in big cities through its string of distribution warehouses. "Competition is still mainly driven by stationary retail but a small number of online grocery players are gearing up in each market to become leading e-grocery platforms." KOSIK TURNS EASTAs Rohlik bets on Germany, Kosik is looking eastward, entering the Slovak market and expanding in Bulgaria. CEO Ivan Utesil said the company would also seek to cut into Czech market share by capitalising on its tie-in with German wholesaler Metro (B4B.DE) in some regional areas.

☆ Can a Plucky Skin-Care Products Startup Unfreeze India’s IPO Market?
▼ + stars: | 2023-01-12 | by ( Megha Mandavia | ) www.wsj.com time to read: 1 min

Initial public offerings from Indian startups have remained largely in the deep freeze for the past 12 months. A Sequoia Capital-backed beauty and personal-care-products startup is now hoping to break the curse. At the tail end of 2022, the parent of Indian personal-care-products startup Mamaearth—Honasa Consumer Ltd.—filed for an initial public offering. The company plans to issue new shares worth 4 billion Indian rupees ($49 million) and sell 46.8 million existing shares. Investors including Sofina, Stellaris Venture Partners and Fireside Ventures would sell part of their stakes while Sequoia would stay put.

☆ India's Mamaearth parent files for IPO - draft prospectus
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] Indian skincare startup Mamaearth's products are on display for sale at a wholesale shop in Ahmedabad, India, June 22, 2022. REUTERS/Amit DaveBENGALURU, Dec 29 (Reuters) - Parent of Indian personal care products startup Mamaearth, Honasa Consumer Ltd, on Thursday filed for an initial public offering (IPO), according to draft papers submitted to the market regulator. The Sequoia- and Sofina-backed company's IPO will comprise of a fresh issue of shares worth 4 billion rupees ($48.30 million) and an offer for sale of 46.8 million shares. Reuters had reported in June that Mamaearth was in talks to raise at least $300 million for the IPO scheduled for 2023. Honasa said it would use about 1.86 billion rupees from the IPO for advertising expenses.

☆ Cloud salaries revealed: How much $5.25 billion startup Collibra pays engineers, product managers, and other roles, with base pay as high as $230,000.
▼ + stars: | 2022-09-21 | by ( Sawdah Bhaimiya | Riddhi Kanetkar | ) www.businessinsider.com time to read: +1 min

Tech unicorn Collibra pays some senior staff six-figure base salaries as much as $230,000. Here's how much you can earn in engineering, management, IT and other roles. Cloud startup Collibra pays staff generous six-figure salaries with senior roles earning as much as $230,000 in base pay. Cloud remains a growing area of enterprise tech, and cloud engineers can overall earn base salaries of $200,000 and higher. Here's how much Collibra paid staff across engineering, management, IT and other roles.

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