Indian Market

Sumitomo Mitsui CEO Considers $5 Billion Investment for 51% Stake in Yes Bank

Sumitomo Mitsui CEO Considers $5 Billion Investment for 51% Stake in Yes Bank

Akihiro Fukutome, global CEO of Sumitomo Mitsui Banking Corporation, is reportedly visiting India this week to consider picking up a sizeable stake in Yes Bank Ltd. According to a Mint report, SMBC could be looking at an investment of as much as USD 5 billion for a 51% stake in the private sector lender in […]

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Torrent Pharma May Raise Up to $3 Billion to Acquire KKR's Stake in JB Chemicals

Torrent Pharma May Raise Up to $3 Billion to Acquire KKR’s Stake in JB Chemicals

Torrent Pharmaceuticals, a leading player in the generic pharma industry, is reportedly planning to raise up to $3 billion from international lenders to acquire a controlling stake in JB Chemicals & Pharmaceuticals Ltd. This move is part of Torrent’s broader strategy to expand its market presence. According to a report by Bloomberg on August 13,

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MSCI Quarterly Rejig: Oil India, RVNL, Vodafone Idea Among New Additions to India Index; Bandhan Bank Removed

MSCI Quarterly Rejig: Oil India, RVNL, Vodafone Idea Among New Additions to India Index; Bandhan Bank Removed

In the latest quarterly reshuffle by MSCI, several notable changes have been made to the MSCI India Index. Seven stocks, including Dixon Technologies, Oil India, and Rail Vikas Nigam Ltd (RVNL), have been added to the index, according to a statement released on August 12. Other firms that have made it to the index include

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Amara Raja Explores External Funding for EV Battery Business, IPO Possible

Amara Raja Explores External Funding for EV Battery Business, IPO Possible

Amara Raja Energy & Mobility (ARE&M), a subsidiary of the Amara Raja Group, is seeking external funding options, including debt, equity, or a combination of both, to support its ambitious plan of investing ₹9,500 crore in establishing a gigafactory corridor in Telangana. The company is currently funding its initial phase through internal accruals and borrowings

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Bharti Global to Acquire Altice UK's 24.5% Stake in BT Group

Bharti Global to Acquire Altice UK’s 24.5% Stake in BT Group

Bharti Global, the international investment arm of Bharti Enterprises, has announced an agreement to acquire a 24.5% stake in BT Group from Altice UK, the largest shareholder of the British telecommunications company. Altice UK is owned by telecom tycoon Patrick Drahi. Bharti Enterprises, one of the world’s biggies in the telecommunications business, plans to initially

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Adani Stocks Drop After Hindenburg Accuses SEBI Chief of Conflict of Interest

Adani Stocks Drop After Hindenburg Accuses SEBI Chief of Conflict of Interest

On Monday, August 12, Adani Group stocks, including Adani Enterprises, Adani Ports, and Adani Power, experienced significant declines, with shares falling as much as 5-6% from the previous close. The sharp drop followed the release of a fresh report by US-based short seller Hindenburg Research. The broader NSE Nifty 50 index also faced pressure, dropping

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Offshore Fund Linked to SEBI Chief Clarifies: No Investments in Adani Shares

Offshore Fund Linked to SEBI Chief Clarifies: No Investments in Adani Shares

360 ONE Asset Management, a company mentioned in the recent Hindenburg report, has stated that its offshore fund, IPE-Plus Fund 1, never invested in any shares of the Adani Group. The company, which was formerly known as IIFL Wealth Management, made this clarification in a regulatory filing on Sunday. According to 360 ONE, the fund

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Bombay High Court Orders SEBI to Disclose Exemption Letter Granted to ICICI Securities

Bombay High Court Orders SEBI to Disclose Exemption Letter Granted to ICICI Securities

On August 10, the Bombay High Court directed the Securities and Exchange Board of India (SEBI) to disclose a crucial exemption letter granted to ICICI Securities. This letter exempted the firm from the reverse book-building process, a key step in the delisting of a company from stock exchanges. The court’s decision was in response to

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Hindenburg Research Hints at Another Major Revelation Involving India

Hindenburg Research Hints at Another Major Revelation Involving India

Hindenburg Research, the U.S.-based short seller famous for its critical report on the Adani Group, has teased a new significant disclosure involving India. In a recent post on X (formerly Twitter), the firm cryptically announced, “Something big soon India,” leading to widespread speculation about the potential target. Hindenburg made headlines last year with a report

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