SoftBank buys Vision Fund’s stake in Arm at valuation of $64 billion
SoftBank is now expected to sell fewer Arm shares in the initial public offering (IPO) and would likely be retaining a stake of as much as 90% in the company, according to the sources, adding that Arm’s capital raising from the IPO would be less than the range of $8 billion to $10 billion it […]
Ace investor Ashish Kacholia sells part stake in SJS Enterprises for Rs 12 crore
The company manufactures a wide range of aesthetics products catering to two-wheelers, passenger vehicles, commercial vehicles, consumer durables/appliances, medical devices, farm equipment and sanitary ware industries
India’s services sector exports’ basket can expand dramatically: Suresh Prabhu
“Services exports can create huge employment, as it is more labour-intensive than the manufacturing sector, which is becoming more and more mechanised. The services sector will always involve the human angle… and that can boost employment,” Suresh Prabhu said.
Jio Financial stock could see $290 million outflow from passive funds: Nuvama
Currently, Jio Financial is part of key indices of the BSE and National Stock Exchange, including the Sensex and Nifty 50, at a constant price of Rs 261.8 a share
Happy Forgings files draft papers for IPO with Sebi, to raise Rs 500 crore via fresh issue
Promoter Paritosh Kumar Garg (HUF), and India Business Excellence Fund – III will cumulatively sell 8,054,910 shares in the offer for sale. Currently, promoter and group entities cumulatively hold 88.24% stake in the company. India Business Excellence Fund owns 11.76% stake
Rupee below 83 not abnormal; currency fluctuation not exclusive to India: Finance Ministry official
The rupee hit an all-time intra-day low of 83.16 to a US dollar on Thursday and settled at a record closing low of 83.10 on Friday. The fall in the rupee made imports on which India is dependent for meeting its oil, electronics and fertiliser, costlier, fuelling inflationary concerns.
Moody’s affirms India’s Baa3 rating with stable outlook
“Moody’s expects India’s economic growth to outpace all other G20 economies through at least the next two years, driven by domestic demand,” the rating agency said in justification of affirmation of India’s rating. The agency also lauded the government’s efforts on infrastructure, which it noted, had led to improvements in logistic performance and quality of […]
Tech View: Nifty on track to form a new lower low. What traders should do next week
Negative chart patterns like lower highs and lows are intact and the index is currently on the way down to form a new lower low. “We observe a broader triangle-type pattern on the daily chart and the market is currently placed at the edge of breaking below the lower support of 19,250 levels,” said Nagaraj […]
Aeroflex Industries IPO to open on August 22. Here are 10 things to know about the offer
The IPO comprises fresh equity issue of Rs 162 crore and offer for sale (OFS) of 1.75 crore equity shares. The company has fixed a price band of Rs 102-108 per share and investors can bid for a minimum of 130 shares in one lot and in multiples thereafter.
Pfaudler sells 13.6% stake in GMM Pfaudler; ChrysCapital among buyers
Pfaudler’s stake in the company was held through DBAG Fund VI, a private equity fund advised by Deutsche Beteiligungs AG (DBAG). Following the stake sale, DBAG’s nominee directors Malte Woweries and Harsh Gupta tendered their resignations