British chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering (IPO) on the Nasdaq exchange on Thursday, according to a company press release. The company, which is a world leader in smartphone chip design and is owned by the Japanese tech investor SoftBank, has announced it will list on the tech-rich Nasdaq stock exchange under the “ARM” ticker.
Varun Beverages Q4 results: PAT rises 33% YoY, revenue surges 29%
Varun Beverages reported a 33.45% YoY rise in Q4 net profit to Rs 731.3 crore, with revenue up 29% to Rs 5,680 crore. Volume growth,