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 Four companies have withdrawn their offer documents while those of another seven have been returned by the regulator during the period.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 […]
Oil retreated for the third time in four days as further signs of a US slowdown overshadowed a substantial draw in crude stockpiles. Global benchmark Brent dropped below $83 a barrel after closing 2% lower on Wednesday. The US economy stalled in recent weeks, the Federal Reserve said in its Beige Book survey, casting a […]
The country’s imports of Crude oil rose by 52.58 per cent to USD 146.57 billion during April-November period this fiscal, according to the data of the commerce ministry. Coal and coke imports have increased by 97.66 per cent to USD 37.25 billion during April-November period this fiscal, the data showed. The other products which recorded […]
The normally bustling biblical birthplace of Jesus resembled a ghost town on Sunday, as Christmas Eve celebrations in Bethlehem were called off due to the Israel-Hamas war. The festive lights and Christmas tree that normally decorate Manger Square were missing, as were the throngs of foreign tourists and jubilant youth marching bands that gather in […]
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