Logistics provider Delhivery announced on Saturday (April 5) that it is acquiring rival Ecom Express in an all-cash deal valued at up to ₹1,407 crore. The acquisition, involving a 99.4% stake, marks one of the biggest consolidation moves in India’s fragmented logistics sector. While positioned as a strategic move, the contours of the transaction suggest […]
IndusInd Bank, Kalyan Jewellers witness steepest fall in FPI ownership in 2024 – CNBC TV18
The foreign portfolio investors (FPIs) have been offloading Indian shares amid concerns over slowing economic growth and expensive valuations. The December quarter saw overseas investors pulling out $12 billion worth of shares from the Indian market. Company Value Change %Change Among the large caps, private lender IndusInd bank, Star Health and Allied Insurance and Kalyan […]
Sensex Today | Stock Market LIVE Updates: Nifty looks to end volatile week on a high with 24,000 holding the key
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 23,914.15, while Sensex ended at 79,043.74. Sensex Today | Stock Market LIVE Updates: Nifty ended the previous trade session 2,363.2 points below its record high of 26,277.35. US markets […]
Sensex Today | Stock Market LIVE Updates: Defending 23,500 key for Nifty amid weak global cues this truncated week
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty closed at 23,532.70, while Sensex ended at 77,580.31. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 2,744.65 points below its record high of 26,277.35. Asian equities […]
Reliance Industries, Hero MotoCorp, IGL, Honasa and more: Top stocks to watch for November 18 – CNBC TV18
1 / 13 Reliance Industries | Reliance and Disney announced the completion of their joint venture (JV) to form a unified entertainment brand in India. Nita Ambani will serve as the Chairperson of this JV, which is valued at ₹70,352 crore. 2 / 13 Crompton Greaves | The company reported a 28.6% rise in profit […]
Canada’s exposure to Indian equities pegged at $24 billion as of September 30 – CNBC TV18
New Delhi’s diplomatic ties with Canada, the 9th largest investor country in India deteriorate once again. Market watchers keeping an eye on whether Trudeau’s government would escalate the diplomatic face-off to an economic one. At the end of September, the value of equity investments by Canadian investors stood at $24 billion (about ₹2 lakh crore), […]
Softbank’s India bets pay off as firm clocks 3-fold returns after 3 bumper IPOs – CNBC TV18
Growth equity firm SoftBank Investment Advisers had a bumper last few days in terms of harvesting returns from its investments in India. Portfolio companies Ola Electric, FirstCry, and Unicommerce saw successful listings on the exchanges, giving over 3x returns to the investor. In terms of exits and value unlocking by SoftBank, an investment of $250 […]