Alibaba Group sells 3% stake in Paytm for Rs 1,031 crore
According to block deal data on the NSE, Alibaba.com sold 19.2 million shares at ₹536.95 apiece. While Morgan Stanley Asia bought 5.5 million shares, Ghisallo Master Fund acquired 4.98 million shares. The rest of the buyers were not known.
Barring short-term blips, top IT exporters look geared for long-term growth
Infosys bagged large deals worth $ 3.3 billion for the third quarter, which was the highest in at least eight quarters. For HCL Tech, the figure was $ 2.4 billion in the December quarter, similar to the previous quarter and higher than $ 2.1 billion reported a year ago
Many cancel equity SIPs as returns fall, others keep pouring in money
The previous cancellation peak of 12.5 lakh was in January 2022. The average monthly discontinuation was 10.82 lakh in the past 12 months. The 12-month rolling return of the Sensex fell to a measly 0.5% in December compared with 2% a year before.
Bullard favours getting rates above 5% ‘as soon as possible’
Fed officials are mulling a further moderation in the pace of rate hikes following a slowing in US inflation. Consumer prices rose 6.5% in the 12 months through December, marking the slowest inflation rate in more than a year, Labor Department data showed. Excluding food and energy, the so-called core CPI rose 0.3% last month […]