Japanese investor SoftBank, which posted a profit of more than Rs 100 billion after divesting part of its stake in food delivery platform Zomato this week, is looking to exit the business entirely through open market transactions in the coming months, people familiar with the matter said. . The August 30 Zomato block deal is …
SoftBank may exit Zomato fully after selling 1.17% in block deal Read More »
Ingka Centers, part of the Ingka Group, which also includes IKEA Retail and Ingka Investments, is looking for land in the nation’s capital, preferably in areas like South Delhi and Dwarka, sources familiar with the matter said. This thread speaks to Moneycontrol. However, the sources declined to disclose details of the land price provided by …
Exclusive: Retail giant Ikea scouting for 25 acres of land in South Delhi, Dwarka areas Read More »
The U.S. Steel takeover battle signifies more than an ignominious demise for the world’s first billion-dollar company. It also has to do with the fate of the planet. Andrew Carnegie’s vast industrial interests produced the beams, bars, and planks that make America’s railroads, skyscrapers, and military machinery that helped win World War II. But the …
Climate: The steel mills that built the world face decline Read More »
Shares of APL Apollo Tubes fell more than 3% in early trading on August 29, following a 1.5% bulk transaction on the stock exchange today. Approximately 38 million shares (1.5% of shares) were offered on the stock market at an average price of Rs.1,618 per share, equivalent to Rs.624 million. Money Control could not immediately …
APL Apollo Tubes slips 3% post block deal; promoter likely seller Read More »
IndoStar Capital shares were trading up nearly 5% at the open following the August 25 announcement that it was selling a substantial portion of its corporate loan book to Phoenix ARC. At 9:20 a.m., the stock was trading at 183.80, compared with 175.05 at the close of August 25. IndoStar’s sale includes a number of …
IndoStar offloads corporate loan book, stocks trade 5 percent higher Read More »
Zomato’s share price opened 5% higher on August 28 after 184 million shares, representing a 2.14% stake, changed hands in a block deal. While the buyer and seller were not immediately known, sources told Moneycontrol that Softbank will likely sell its shares as a lock-in period to investors once the Blinkit deal closes on Tuesday. …
Zomato sees 2% stake change hands in block deal, Softbank likely seller Read More »
Federal Reserve Chairman Jerome Powell said the U.S. central bank is ready to raise interest rates further if needed and intends to keep borrowing costs high until inflation follows a convincing path. to the Fed’s 2% target. “Although inflation has fallen from its peak — a welcome development — it remains too high,” Powell said …
Jerome Powell signals Fed will raise rates if needed, keep them high Read More »
US stocks ended a volatile session on Friday as investors absorbed Federal Reserve Chairman Jerome Powell’s comments that the US central bank may need to raise interest rates further to ensure curb inflation. Powell also acknowledged that price pressures have eased during his highly anticipated morning speech at the Economic Policy Symposium in Jackson Hole, …
Indexes end higher in volatile trade as investors assess Powell speech Read More »
Indian stock markets ended steady and extended profit-taking for the fifth consecutive week ending August 25 amid volatility on mixed global signals, gains in US bonds, lackluster monsoon, concerns in RBI meeting minutes about rising inflation and a cautious view on the Federal Reserve’s approach. Chairman Jerome Powell. Jackson Hole speech. This week, BSE Sensex …
Broader indices hit fresh highs; More than 80 smallcaps rise up to 34% Read More »
KPI Green Energy’s share price jumped 6% to a 52-week high of Rs 925 in first trading on August 25 after the company received the operating certificate for the solar project- his combined wind. The company has received an operating certificate from the Gujarat Energy Development Authority (GEDA) for its 4.10 MW hybrid wind-solar project …
KPI Green Energy receives commissioning certificates from GEDA; shares hit 52-week high Read More »
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