"Overall optimism surrounding the Union Budget, increasing FII inflows, and robust domestic economic data contributed towards the positive movement in the market. We expect the ongoing uptrend to continue further," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Third-party logistics firm Ecom Express is looking to list on the public markets to raise Rs 3,000 crore, two people aware of the development told ET. The Warburg Pincus-backed company has appointed bankers Kotak Capital, IIFL, Axis Capital, and UBS to take forward the process.
JSW Energy arm JSW Neo Energy signed power purchase agreements (PPAs) for wind and solar projects with a cumulative capacity of 1,325 MW.
Aris Infra, a Mumbai company using technology to streamline construction material procurement, is planning an IPO to raise Rs 600-700 crore. The company has attracted investment from prominent individuals and prestigious financial institutions including Think Investments, TPG Capital, Temasek, and BlackRock.
Tech giants Amazon Web Services (AWS) and Google Cloud are providing cloud storage and services to make the digital public goods (DPGs) created by non-profit EkStep Foundation available online. They are also collaborating to develop an AI-based virtual assistant for the foundation.
Shivalik Bimetal Controls, Ethos, and PNB Housing Finance show promise with strategic initiatives for growth and margin sustenance despite challenges. Analysts recommend these stocks with potential upsides ranging from 16% to 33%.
"Insider may make adjustments, with the approval of the compliance officer, in the number of securities and price limit in the event of corporate actions related to bonus issue and stock split occurring after the approval of trading plan and the same shall be notified on the stock exchanges on which securities are listed," Sebi said .
"Ecom Express has initiated the process for the public issue, which includes both a fresh issue and an offer for sale from the existing investors. The company is likely to file its draft red herring prospectus soon," said one of the people cited above.
Vedanta Group, in a statement, said that Finsider International Company, a subsidiary of Vedanta Resources, accepted a proposal from one of its banks Tuesday evening to sell 2.6% shares holding in Vedanta Ltd to a group of reputed institutional investors.
According to the term sheet issued by the banker IIFL, FIH Mauritius Investments, an entity belonging to Fairfax Group is expected to sell 1.68 crore shares in the Kerala-based bank at a floor price of ₹352.4 per share. The floor price represents a 1% discount to Wednesday's closing price of ₹355.95.
The management consulting business has been growing 25-30% for all firms in the last two years. At the Big Four, the total number of partners engaged in strategy, operations, and the top end of digital advisory — areas typically dominated by firms like McKinsey, BCG and Bain — stands close to 300, with consultant numbers at 5,500-6,000. However, the varying number of digital consultants each firm adds to management consulting complicates direct comparisons.
India has launched several initiatives to attract investments to the country, presenting itself as an alternative manufacturing destination to companies seeking a China+1 supply chain shift. The IT hardware and mobile phone programmes have seen success. The Centre is hopeful of a similar shift in other sectors as well and there is a view that PLI plus a lower corporate tax rate will offer investors a competitive return on investment.
JP Morgan will include 27 fully accessible Indian government bonds in its GBI-EM global index suite starting June 28, allowing global investors to deploy funds in these bonds.
After hitting a high of Rs 688 on July 4, 2023, the agrochemical stock lost its steam and before long it dropped steadily towards 400-450 levels in February and then again in March 2024. UPL has, apparently, formed a strong base above 400 levels from where it bounced back smartly. It rose over 20% in the last 3 months, Trendlyne data showed.
Taylor Swift is mulling staying together with her boyfriend Travis Kelce at NFL star's mansion in Kansas City following the break in Eras Tour, as per reports.
A top political guru has opined that it is too late for Prime Minister Rishi Sunak to revive the fortunes of the conservatives in the coming elections. UK will vote on July 4 to select its new PM. He has highlighted the mistakes committed by Sunak and his party which may lead to their downfall in the upcoming elections.
Verizon has taken steps to re-brand itself by introducing a new logo, fresh home and wireless internet plans, along with special video streaming deals, that will help you save on individual subscriptions, and much more. Know how to avail these Verizon offers if you really want to opt for them.
'The Union' stars Mark Wahlberg and Halle Berry as ex-lovers reunited for a secret mission. Directed by Julian Farino, the film features an ensemble cast and will premiere on Netflix on August 16, 2024.