The hedge fund sold 1.4 million shares at 2684.3 apiece. BNP Paribas Financial Markets was a buyer in the deal. Shares of Shriram Finance gained 1.75% to close at 2,731.3 on Friday and are up 17.8% in the last one month.
These mio senior unsecured floating rate notes have a maturity of three years and coupon of SOFR+95 bps, the bank said. The secured overnight financing rate or the SOFR is a benchmark interest rate for dollar denominated loans.
Pocket FM had moved the court contending that Disney+ Hotstar's video series had many similarities with its audio series by the same name. The audio platform also claimed that it had given its audio series ‘Yakshini’ to Disney+ Hotstar for adaptation into a video series.
The company recently won two orders from State Bank of India to deploy more than 4,000 ATMs over a period of 7 years. "If I consider the SBI contract which we will start deploying in the second half of the fiscal year, we also have a few other banks in the pipeline. So in all we will deploy 3,000 ATMs plus cash recycler machines (CRM)," said Ravi Goyal, chairman, AGS Transact.
The offer consists of a fresh issue of ₹200 crore and an offer for sale of up to 9,130,000 shares worth ₹337 crore by existing shareholders. Sunil Suresh and Shubha Sunil, promoters of Stanley, will sell 1.18 million shares each in the OFS portion of the IPO. Investor Oman India Joint Investment Fund II will also divest 5,545,000 shares in the IPO.
Wood said, in his weekly Greed & Fear newsletter, that the airport operator's introduction into its portfolio will be at the expense of the reduction of weights in ICICI Bank, HDFC Bank and Axis Bank.
Inter Miami will take on Philadelphia Union in MLS game this weekend. We have team news, predictions and live streaming details for soccer fans.
Euro 2024 soccer match between two proud footballing nations -- Spain and Croatia -- will be played on Saturday afternoon.
"Bond markets are relatively stable now after the election-related volatility and for HDFC Bank, infrastructure bonds are a desirable option because these instruments bring leeway on maintenance of statutory liquidity ratio (SLR) and cash reserve ratio (CRR)," said a source aware of the developments.
The Pune car accident led to the killing of two people after the minor ploughed his swanky luxury car into the two IT professionals, who were travelling on a bike, killing them on the spot on the night of May 19.
Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter. The week was packed with important stories broken by our reporters. Here’s a recap if you missed them.
The new rates will be effective June 15, 2024, Central Board of Indirect Taxes and Customs ( CBIC) said in a late night notification Friday.
Prime Minister Narendra Modi engaged in discussions with leaders from Turkey, the UAE, Brazil, and Jordan on the sidelines of the G7 Summit. PM Modi had a pleasant exchange with Turkish President Recep Tayyip Erdogan, UAE President Mohammed bin Zayed Al Nahyan, and Brazilian President Luiz Inacio Lula da Silva. The four leaders also took a moment to pose for a photo together during the Summit, which PM Modi shared on social media, highlighting the ongoing interactions in Italy.
Adani Cements uses the sea route for some transportation at Sanghi Industries and Ambuja Cements. "The plan for sea logistics will mature now, after this acquisition. You will see a much more impactful progression on sea logistics in 6-12 months time," said Vinod Bahety.
Prime Minister Narendra Modi's diplomatic engagements continued as he met United Nations Secretary-General Antonio Guterres in Italy during the G7 Summit. PM Modi expressed his pleasure at the meeting in a post on social media, highlighting the importance of the discussion. Prior to this meeting, the Indian Prime Minister also had interactions with US President Joe Biden and Canadian Prime Minister Justin Trudeau on the sidelines of the summit.
Mid-tier creators are leaving Instagram and YouTube for regional apps like Moj, ShareChat, Rooter, Stan, and Eloelo to earn through virtual gifting. These platforms offer opportunities for creators to engage with audiences and monetize their content effectively.
Third-party logistics firms like Delhivery and Xpressbees are venturing into the quick-commerce sector to support platforms such as Swiggy Instamart, Blinkit, and Zepto as demand surges.
Indian electronics manufacturers have suffered $15 billion in production losses and 100,000 job cuts due to escalating tensions with China. Visa delays for Chinese executives are hindering the industry's expansion plans, leading to a $10 billion export opportunity loss and $2 billion in value addition loss. Government probes into Chinese companies operating in India have further impacted the sector.
Engineering giant L&T has established an all-women team at Tata Steel's mining site in Odisha, handling large machinery repairs, inspired by a successful pilot. Amazon, which initiated all-women virtual customer service in 2020, now operates nine all-women delivery stations in various locations. Companies like Shell, KFC, and Dr. Reddy's are also creating all-women teams in various sectors, boosting productivity, reducing attrition, and attracting female talent. These initiatives aim to address... Читать дальше...
A major Lunar standstill is taking place this year almost after 18 years. The last major lunar standstill was seen in the year 2006.
Author Julie Poole who spent three days as 'dead' sees humanity's future. She attempted suicide at the age of 21 and later realized the value of life.
The Boxing legend will have to undergo rigorous health check-ups after a medical issue. The fight could also be called off if he fails in any of these tests.
A shocking news for Emmerdale fans as two well-known stars will be leaving the show soon. Emmerdale airs at 7:30 PM on ITV1 on weeknights.