Warburg Pincus exits Apollo Tyres by offloading Rs 1,072 crore worth stake

May 22, 2024

The leading global PE firm offloaded about 3.5% stake or 2.24 crore shares. Goldman Sachs, Morgan Stabley, Mirae Asset MF, Societe Generale, Citigroup, ICICI Pru MF bought stakes. Mutual funds have a significant 16.77% stake and foreign investors hold about 17.61% stake as of March 2024.

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Russia leans on cryptocurrencies for oil trade, sources say

Russia is utilizing cryptocurrencies like bitcoin, ether, and stablecoins in its oil trade with China and India to bypass Western sanctions. This practice assists in

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Rupee ends at 87.01 vs US dollar, gains 20p from previous close

India’s rupee strengthened by 20 paise against the US dollar, closing at 87.01 following positive retail inflation data. February’s CPI reduced to 3.61% from January’s

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