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News Desk

Jackson Hole Economic Policy Symposium 2024

Jackson Hole Economic Policy Symposium 2024: Key Details on US Fed Chair Powell’s Speech

/ Global Market​​

The Jackson Hole Economic Policy Symposium 2024 is underway in Wyoming, attracting global financial leaders and central bankers to this highly anticipated event. Often referred to as the “Davos of central bankers,” this annual retreat serves as a critical platform for discussing economic policies that have far-reaching impacts on global markets. This year’s focus is […]

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Anil Ambani and 24 Entities Barred from Securities Market for 5 Years by SEBI

Anil Ambani and 24 Entities Barred from Securities Market for 5 Years by SEBI

/ Indian Market

The Securities and Exchange Board of India (SEBI) has banned industrialist Anil Ambani and 24 other entities, including key former officials of Reliance Home Finance Ltd (RHFL), from the securities market for five years. This action is in response to allegations of fund diversion from the company. SEBI imposed a penalty of ₹25 crore on

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Ambuja Cements Sees Rs 4,251 Crore Block Deals, Adani Family Possibly Reducing Stake

Ambuja Cements Sees Rs 4,251 Crore Block Deals, Adani Family Possibly Reducing Stake

/ Indian Market

Several significant block deals totaling Rs 4,251 crore were executed on August 23 for Ambuja Cements, with Holderind Investments, an entity of the Adani Group, likely being the seller. By 09:23 am, Ambuja Cements’ shares were trading around 3 percent higher at Rs 650.20 on the NSE. Approximately 6.8 crore shares, representing a 2.76 percent

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DAM Capital Gears Up to File for India's First IPO by a Boutique Investment Bank

DAM Capital Gears Up to File for India’s First IPO by a Boutique Investment Bank

/ Indian Market

Veteran dealmaker Dharmesh Mehta’s DAM Capital Advisors Limited is on the verge of making history by filing draft papers with SEBI for its own IPO, according to sources who spoke to Moneycontrol. If successful, this would be the first IPO by a pure-play boutique investment bank on India’s mainboard. The draft red herring prospectus is

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Adani Group Considering 5% Stake Sale in Adani Power and Ambuja Cements: CNBC Awaaz

Adani Group Considering 5% Stake Sale in Adani Power and Ambuja Cements: CNBC Awaaz

/ Indian Market

The Adani Group is reportedly looking forward to reducing its debt by selling up to 5% of promoter holdings in Adani Power and Ambuja Cements, reports CNBC Awaaz. Those privy to the promoters plan indicate that the promoters are looking to offload a portion of their stakes in these listed companies while the current holding

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Dabur to Invest ₹400 Crore in First South India Manufacturing Unit, Creating 250 Jobs

Dabur to Invest ₹400 Crore in First South India Manufacturing Unit, Creating 250 Jobs

/ Indian Market

Dabur India is all set to establish its first-ever manufacturing facility in South India, with a total investment of ₹400 crore over the next five years. It has signed a memorandum of understanding with the state government of Tamil Nadu, mentioning an initial investment of ₹135 crore in Phase 1 itself. The new facility, located

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Eris Lifesciences Sees ₹1,187 Crore Equity Change Hands in 7.2% Block Deal

Eris Lifesciences Sees ₹1,187 Crore Equity Change Hands in 7.2% Block Deal

/ Indian Market

On August 22, a good block deal was seen in Eris Lifesciences, wherein about 98.9 lakh shares, or 7.27 per cent of the company’s equity changed hands at ₹1,201 per share. The deal value was ₹1,187 crore. The identities of the buyers and sellers who were parties to the block deal could not be ascertained

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Kalyan Jewellers Sees ₹3,184.50 Crore Block Deal as Highdell Investment Offloads Stake to Promoter

Kalyan Jewellers Sees ₹3,184.50 Crore Block Deal as Highdell Investment Offloads Stake to Promoter

/ Indian Market

It was followed by a major block deal of ₹3,184.50 crore executed on Kalyan Jewellers, probably Highdell Investment selling part stake to the company promoter Trikkur Sitarama Iyer Kalyanaraman on August 22. This came to around 5.90 crore shares, or 5.7% of the company, changing hands at a floor price of ₹539 a share. Though

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Zomato to Acquire Paytm’s Entertainment Ticketing Business for ₹2,048 Crore, Strengthening “Going-Out” Segment

/ Indian Market

Zomato, the online food delivery giant, is planning to acquire Paytm’s entertainment ticketing business for ₹2,048 crore, according to a joint announcement made by the two companies on Wednesday. This proposed acquisition aims to strengthen Zomato’s “going-out” segment while allowing Paytm to focus more sharply on its core payments and financial services operations. The proposed

Zomato to Acquire Paytm’s Entertainment Ticketing Business for ₹2,048 Crore, Strengthening “Going-Out” Segment Read More »

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