Gold Silver Reports (GSR) – Vedanta Declines Ahead Of Quarterly Results Announcement – Shares of the base metal producer extended declines for the second day and fell as much as 2.1 percent to Rs 277.35, ahead of its March quarter results announcement. Analysts surveyed by Bloomberg predict the company’s net profit to decline 13.7 percent on a yearly basis to Rs 2,579 crore.
Xiaomi Files in Hong Kong for World’s Biggest IPO Since 2014
Xiaomi is taking advantage of changes in the former British colony that mean companies with different share classes can now list in the city. While the filing didn’t say how much Xiaomi is looking to raise in the initial public offering, it’s expected to be at least $10 billion, people with knowledge of the matter told Bloomberg, and could value the business as high as $100 billion.
