Ircon International Makes Tepid Debut In Equity Market With 13.6 Percent Discount

Ircon International made a tepid debut in the equity market on September 28, 2018, as the scrip got recorded at Rs 410.30 on BSE, a 13.62 percent rebate to its issue cost of Rs 475, because of weak market slant.

The Rs 467-crore issue, which kept running from September 17 to September 19, was bought in 9.77 times. The stock cost dove 13 percent to close at Rs 412.95 on the National Stock Exchange against issue cost of Rs 475.

In the wake of beginning off day below IPO cost at Rs 412, it hit an intraday high of Rs 465 and low of Rs 409.10.

A weakness in the optional market has had a rub-off on speculator opinion. The state-claimed Garden Reach Shipbuilders and Engineers’ underlying open offer buying in 72 percent on the fourth day of offering on September 27, 2018. The most recent day for the issue was stretched out till October 1, 2018, after the IPO neglected to get enough offers. The IPO by Aavas Financiers could just get 97 percent bids.

On the BSE, the equity market cost opened at Rs 410.30, which was multi day’s low, and shut at Rs 416.65, down 12.3 percent. The intraday high was at Rs 464.40. The state-run organization raised Rs 466-crore through the open issue which was bought in 9.9 times amid September 17-19.

Investigators said that solid order book, which infers a request book-to-charge proportion of 5.6 times on FY18 numbers, reflects income permeability, however, a high fixation towards railroads portion, any emergence of unexpected liabilities and vigilance issues raised by statutory reviewers, stayed key concerns.

IRCON was the second CPSE to dispatch an IPO in the current monetary, other than being the second railroad PSU to recorded on the stock markets after RITES in June this year, according to the Moneycontrol report. IRCON has a request book of Rs 22,407 crore as of March 2018, which is 5.6 times of FY18 income.

Nirmal Bang Securities said in an equity market note to Economic Times, “By leveraging its strong execution skills in railways, IRCON has successfully created an additional growth engine in the form of roads which now contributes 21 percent to the company’s revenue.”

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7 Topmost Blockchain Patent-Owning Companies Contributing To Globalisation Of Technology

In the past couple of years, there has been an unprecedented rise in the number of blockchain patent-owning companies. The blockchain is known for its ability to store the unalterable data safely which can be accessed instantaneously anytime from any part of the world. This feature makes it almost irreplaceable as every field from the stock exchange to diamond mine that can derive benefit from it. As this technology continues to grow every day, so does the businesses interested in its potential benefits.

According to a startup research organization, in 2017, American companies alone filed up for 190 blockchain patents. The Director of Research for Genome startup, Arnobio Morelix, revealed that during the period of 2015 and 2017, the rate of blockchain and cryptocurrency patents grew by more than 200 percent. Even the IT giants are known for data collection such as Facebook and Google have secretly started investing in the blockchain. However, blockchain has posed a major threat to payment providers and banks, credit card companies and mutual funds.

The blockchain is a decentralized platform. Hence, an individual does not need a credit card or a bank to complete cryptocurrency or any other transaction. It also indicates that the third parties deriving profits from payment fees including credit card companies and banks that can become obsolete in the coming few years.

This crucial feature has increased the number of blockchain patent-owning companies. Here are the top 7 in descending order:

7. Nasdaq

The only stock exchange in the world to own blockchain patent. It has a market cap of $6.8 trillion. The second-biggest stock exchange in the world filed for a patent for blockchain exchange system in 2016, said Blocklr. Recently, it filed up a patent for creating a data matching system using this blockchain technology. This technology prevents inconsistencies by combining different sets of records. The exchange has already applied it to create a blockchain cloud-based platform Linq on which investors trade securities.

6. Qualcomm

Qualcomm though appears as a mobile tech company on the paper. Many believe it as a company that rolls patents. The company files for patents and then license them out to other companies and collect royalty fees. A research firm, PateSnap stated that Qualcomm currently owns 46,000 patents with over 100,000 pending applications at the US Patent and Trademark Office (USPTO). Most of these patents will give the company a control over blockchain intellectual property making it one of the highest blockchain patent-owning companies in the world.

5. Coinbase

The leading digital currency exchange has signed a Patent Pledge which ensures that Coinbase will not use the patents against those companies that have less than 25 employees. It is also the leading owner of blockchain patent. According to Brian Armstrong, the CEO of Coinbase, it is crucial for tech business to obtain patents.

4. Fidelity Investment

The known-corporation for managing $6.9 trillion in customer assets and is actively working to become one of the topmost blockchain patent-owning companies. Fidelity Investment currently ranks fourth in the world in the category of capital under management and has its own blockchain incubator. Recently, it also announced a collaboration with Coinbase.

3. Mastercard

The credit card company is heavily into developing blockchain technology. As of now, it offers two blockchain-enabled services including Smart Contract API and Blockchain Core. The first service allows an individual to write his smart contracts whereas the second one allows business houses to process their transactions related to blockchain through the network of Mastercard.

2. IBM

The International Business Machines Corporation (IBM) is one of the topmost blockchain patent-owning companies and is tied with Mastercard for the second spot. According to reports, the company filed for 9,043 patents that also included a patent for accepting payments from anonymous sources using blockchain solutions. As of now, the blockchain platform of IBM has more than 400 clients.

1. Bank of America

During the Future of Fintech Conference 2018, the Chief Technology Officer at Bank of America stated that the bank has around 50 patents in the field of blockchain-based distributed ledger technology. Overall the Bank of America filed for 125 patents last year making it the topmost patent-owning companies.

Blockchain technology and blockchain patent-owning companies are one of the most discussed things in 2018 and in the years to come mass adoption of this technology is expected, said CoinTelegraph. With the number of blockchains and crypto-related patents growing, a legal war over blockchain in the future course is predicted. It is because for companies looking to reshape their financial services industry blockchain patents are highly important.

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Shares Of Yes Bank Slump 10 Percent; Remain To Fall In Stock Market Index

Shares of Yes Bank fell in the stock market index for the second session on September 28, 2018, tumbling about 10 percent and wiping out Rs 9,203 crore from its market valuation in two days. The stock slammed 9.72 percent to close at Rs 183.45 on BSE. Intra-day, it tumbled 18.23 percent to Rs 166.15 – its 52-week low.

On NSE, shares of the organization dropped 9.64 percent to hit a one-year low of Rs 183.65. Shares of YES Bank witnessed massive selling pressure on September 27, 2018, additionally tumbling by more than 9 percent.

As far as value volume, 93 lakh shares of the organization were exchanged on BSE and more than 14 crore shares changed hands at NSE amid the day. The stock was the most exceedingly bad hit among the blue-chips on both the key indices amid day.

Shares of the bank in stock market index ascended by about 2 percent on September 28, 2018, multi-day after the organization’s board chosen to look for something like a three-month extension from RBI for its MD and CEO Rana Kapoor past January 31, 2019.

YES Bank Ltd. key Products/Revenue Segments incorporate Interest and Discount on Advances and Bills which contributed Rs 15478.24 Crore to Sales Value, Income From Investment which contributed Rs 4102.53 Crore to Sales Value, Interest which contributed Rs 516.07 Crore to Sales Value and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 170.58 Crore to Sales Value for the year ending 31-Mar-2018.

In two sequential exchanging sessions, shares of the organization have tumbled about 18 percent, with the market valuation diving Rs 9,203.3 crore to Rs 42,363.70 crore on BSE.

The RBI had a week ago shortened the three-year term that the board had looked for Kapoor, additionally one of the promoters of the bank, to January 31, 2019, and requested that the bank discover a replacement, Economic Times reported.

According to the report of Business Standard, in the meantime, for stock market index Yes Bank on September 27, 2018, said it has not enjoyed any window dressing of its corporate records to hide non-performing assets (NPAs).

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FIW Report States Blockchain Technology Could Make Safer Transactions In Export Industries

Blockchain technology is reaching foreign exchange by a wide margin at an amazingly quick pace. This is because of the positive effect on the enhancement of the sector’s activities. The FIW policy brief no. 41 investigates impacts of digitization on the export economy.

Digitization, on the whole, will change plans of action, business connections and international value chains from various perspectives. Comprehensively, points of interest can be expected for foreign exchange, contends Bernhard Dachs of the Austrian Institute of Technology.

Technologies widely used in businesses are Industry 4.0, Artificial intelligence, blockchains or additive manufacturing processes (3D printing). The Policy Brief of the Competence Center “Exploration Focus International Economics” (FIW) in the interest of the Federal Ministry for Digitization and Business Location researches conceivable impacts of digitization on the export economy.

Bernhard Dachs says, “Services, in particular, can expect significant gains in automation and trade from new technologies such as blockchain or AI which will provide significant momentum to these industries. The development of new service offerings could prove to be a growth driver for Austrian companies.”

Dachs states that blockchain technology could make export transactions secure and in this way diminish uncertainty. The cost of processing could also be reduced by the decentralized technology.

As reported by OTS, Dachs additionally noticed that before Austrian import and export relations can sensibly profit by the innovation, blockchain should be acknowledged in the banking sector.

Samsung SDS recently reported its collaboration with Korea Customs Service to build a blockchain platform Nexledger. This platform will be used for export custom logistics services. It will manage digital financial transactions and data exchange with reducing expenses which will help businesses to grow.

As reported by Cointelegraph, blockchain technology is now being used globally by the companies for logistics and supply chain operations. The pilot projects for export documentation are already in process by IBM and Maersk.

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What's going on with this? Is someone stress testing BTC/BCH?

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Memo - Topic - Where to spend Bitcoin Cash?

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Braiins OS Publishes Open Source Firmware for Mining Rigs - Bitcoin News

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