Pune-based logistics company, Xpressbees, on Friday, announced it had raised $ 40 million in funding from Khazanah Nasional Berhad (Khazanah), the sovereign wealth fund of Malaysia. This investment will be made through a secondary purchase from an early investor in the company. Khazanah joins Blackstone Growth, TPG Growth, ChrysCapital, Alibaba Group, Elevation Capital, Investcorp, Norwest […]
Coronavirus latest news: The number of people getting infected from the new strain of Coronavirus has gone up across India. According to news agency ANI, the health ministry sources say that so far, India has registered 69 confirmed cases of JN.1 variant of Covid-19. Out of these, the maximum cases have been reported from Karnataka. […]
NSE Nifty 50 may hit a new record high in this new financial year, surpassing the previous all-time high of 18,604.45, says Sanjiv Bhasin, Director, IIFL Securities. In today’s session, Nifty 50 surpassed 18,100 level, first time after 19 January 2022. In the previous fiscal, the 50-share index offered 19 per cent returns to the […]
Reliance Industries Ltd (RIL) and Walt Disney signed a non-binding term sheet in London last week to move ahead with plans to create India’s largest media and entertainment business, said people with knowledge of the matter. The 51:49 stock-and-cash merger in favour of the Mukesh Ambani-led group is expected to get finalised with a view […]
The previous six months were tumultuous for the primary market, with the regulatory approval for 25 initial public offerings (IPOs) expiring. Four companies have withdrawn their offer documents while those of another seven have been returned by the regulator during the period. These companies were hoping to cumulatively raise over Rs 60,000 crore. Regulatory approval […]
Equity investors became richer by over Rs 10.43 lakh crore in the past five days, as markets continued their winning momentum helped by foreign fund inflows and stable global trends. The market capitalisation of BSE-listed firms have surged Rs 10,43,216.79 crore to Rs 2,62,37,776.13 crore in the last five trading sessions (March 29-April 6). This […]
The center revised the windfall tax on domestically produced crude oil, cutting the tax rate to Rs 4,100 per tonne from Rs 6,400 per tonne. During its last revision, the government scrapped the Special Additional Excise Duty (SAED) on export of diesel from Rs 0.5 per litre to nil which is to continue. The windfall […]
Early this year an affiliate of global private equity firm Bain Capital sold its stake in logistics company J M Baxi Ports & Logistics to a German shipping and container transportation company, Hapag-Lloyd. Bain made a over 60% IRR (internal rate of return) in the transaction. Bain Capital is keen to invest more in logistics […]
Stock Market Holidays February 2023: There is only one holiday in the month of February and that too is falling on the weekend. The market will remain shut for Mahashivratri on Saturday, February 18, 2023. In total, the domestic stock market will stay closed for 8 days on Saturdays and Sundays in February 2023. The […]
The National Stock Exchange (NSE) on Friday cautioned investors against four persons running illegal dabba trading with guaranteed returns to investors. Dabba trading is an illegal form of trading in shares, where operators of such trading rings allow people to trade in equities outside the stock exchange platform. Also read: Where is share market headed […]
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