Advertisements Foreign portfolio investors (FPIs) were net sellers in the domestic markets to the tune of Rs 949 crore in the first half of November. As per the depositories data, they pulled out Rs 4,694 crore from equities between November… Read More ›
Investing Professionals
SAIL exploring categories under PLI scheme for specialty steel: Chairman Soma Mondal
Advertisements State-owned SAIL is expected to make investments under the PLI scheme for specialty steel as the steel giant is in process of “examining categories under the scheme.” SAIL is evaluating the guidelines of the scheme and would reach a conclusion with respect to investments… Read More ›
Arbitration panel rejects Future’s plea on Reliance deal in dispute with Amazon
Advertisements A Singapore arbitration panel has rejected Future Retail’s plea to quash an order from last year that put its $3.4 billion deal with Reliance on hold, in a boost for its partner Amazon.com Inc which is seeking to block the transaction…. Read More ›
Labour union urges European authorities to widen Amazon antitrust probe after Reuters story
Advertisements A global trade union for the services sector on Friday urged European authorities to widen their antitrust investigation of Amazon.com Inc to assess if the company engaged in creating knockoff goods and rigging search results on its platform. The demand by… Read More ›
SHYAM MAHESHWARI MOVES ON TO A NEW INNINGS FROM ARES SSG
Ares SSG has been synonymous with Shyam Maheshwari for many years through the key deals done by SSG Capital in the country including through ACRE. BW Businessworld learns exclusively through its sources that Mr. Maheshwari, one of the founders of SSG Capital has decided to move on from the firm. We understand from our sources that he is likely to enter a new innings as an entrepreneur in the investment domain.
India’s Zee rejects investor calls for meeting ahead of planned Sony merger
Advertisements NEW DELHI, Oct 1: The board of India’s Zee (ZEE.NS) rejected on Friday requests from two institutional investors for a meeting of shareholders, setting the stage for a courtroom battle that could affect an impending merger with Sony Group Corp. The… Read More ›
Infosys, Microsoft ink multi-year deal with Ausgrid
Advertisements IT major Infosys and Microsoft have entered into a multi-year strategic engagement with Ausgrid to accelerate the cloud transformation of the largest electricity distributor on Australia’s east coast. This programme will further Ausgrid’s vision to connect communities and empower… Read More ›
Asian shares trend lower after Wall Street ends with weekly loss
Advertisements Shares slipped Monday in most Asian markets after Wall Street benchmarks ended last week with a decline. Stocks fell in Tokyo, Hong Kong and Seoul but rose modestly in Sydney and Shanghai. Japan reported its wholesale prices were near… Read More ›
Kotak Bank to sell 20 cr shares of Airtel Payments Bank to Bharti Enterprises for Rs 294 cr
Advertisements Kotak Mahindra Bank on Tuesday said it will sell 20 crore shares held in Airtel Payments Bank (APBL) for a cash consideration of Rs 294 crore or more to Bharti Enterprises Ltd. A share purchase agreement has been executed… Read More ›
Macro data, global trends to dictate stock markets this week: Analysts
Advertisements Domestic equities will be guided by macroeconomic data, auto sales numbers and global trends this week, analysts said. Equity benchmark indices scaled new closing highs on Friday, with the 30-share BSE index closing above the 56,000-mark for the first… Read More ›