Binny Bansal looks to recharge PhonePe with $100-150 million investment
PhonePe has already raised nearly $450 million in primary capital from PE major General Atlantic, Tiger Global, Ribbit Capital, among others, in this current funding round at a valuation of $12 billion. Some of the existing shareholders in Flipkart like Bansal, Tiger Global, China’s Tencent, Qatar Investment Authority and Microsoft, were expected to buy a […]
Max, KKR in talks with TPG to buy Care Hospitals
If a deal takes place, this will be the second-largest hospital buyout in India after the IHH-Fortis transaction of 2018.
Stocks that can give cool returns this summer
The firm’s top picks in these segments are Crompton Consumer, V-Guard Industries, Amber Enterprises, Finolex Industries and Supreme Industries. Based on Jefferies’ price targets, these stocks could return between 11% and 44%.
Indices snap 3-day winning run; Sensex falls 540 points
“The overall trend still remains in a bearish to sideways mode,” said Rohan Patil, technical analyst at Samco Securities. “Support for Nifty is placed at around 17,400 -17,350 levels and resistance are capped at 17,800 levels.”
High forex transaction charges for smaller customers worrisome: RBI deputy governor Rajeshwar Rao
The central banks in 2021 reviewed the foreign exchange system to rationalise and streamline it, but that may remain incomplete unless the Foreign Exchange Dealers Association of India also doing its part in reviewing its guidelines, RBI deputy governor Rajeshwar Rao said.
Adani Group increases share pledges in 2 companies
With the latest pledge, the total shares in Adani Green Energy Ltd – the group’s renewable energy company – that were encumbered with SBICap was 2 per cent. In the case of Adani Transmission, this came to 1.32 per cent
Piramal Capital initiates sale of Rs 5,500 cr DHFL bad loan portfolio
Piramal has asked interested bidders to submit expressions of interest where the offer amount is a mark-up of at least 10% to the base offer of ₹2,550 crore. The bids can be made in all cash basis or cash-plus-security receipts basis, where 15% of the bid amount will be paid in cash and the remaining […]