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PRESS: Telegram said planning IPO for 2023 to be valued at $50 bln

MOSCOW, Apr 12 (PRIME) -- Messenger Telegram has started getting ready for a 2023 initial public offering (IPO) to float from 10% to 25% of shares with analysts valuing the whole firm at U.S. $3050 billion, business daily Vedomosti reported on Monday, quoting sources.

Putin orders govt to mull support of highly viscous oil projects

President Vladimir Putin ordered the government and oil companies on Monday to consider supporting projects with highly viscous oil and hard-to-recover oil reserves including by switching to an added income tax.

FOCUS: High-end handsets make half of sellers Q1 smartphone sales revenue

Russians appetite for expensive flagship smartphones boosted sales by 2027% to 153155 billion rubles in JanuaryMarch with almost half represented by the devices with a price tag of over 50,000 rubles, electronics sellers said.
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MOSCOW, Feb 4 (PRIME) -- The current financial condition of one of Russias largest retailer Magnit allows the company to combine expansion, a comfortable debt burden, and payment of good dividends, CEO Jan Dunning said in an interview to PRIME published on Thursday.
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