The Security Issuance Committee of Shriram Transport Finance Company (STFC) has okayed the proposal to launch Rs 1500 crores rights issues to its existing stakeholders. In a meeting on Monday, July 6, the committee agreed to issue rights issue to raise funds from the market. In its filing announcement, the company declared that the promoter …
The US retail behemoth and prime shareholder of Flipkart, Walmart has announced a new investment of $1.2 billion in the Indian e-commerce unicorn. It will increase the percentage of majority-stake of Walmart in the e-commerce platform and will bring up the post-money valuation of Flipkart to $24.9 billion. In 2018, Walmart acquired 77 percent of …
In the last three months Reliance platform, which also includes Reliance Jio has raised Rs 2,12,809 crore in capital investment from some of the leading global brands. Google, the global technology behemoth is the latest one to join the rank with several others. In the latest deal struck between Reliance Jio and Google, the latter …
As widespread digitisation has become the new norm, the government of India has taken a step further to simplify GST filing through a digitised platform. From October 1, e-invoicing for GST will become mandatory. However, the changed policy will implement only on businesses with a turnover of more than Rs 500 crores. Businesses below the …
Gujarat based pharmaceutical company, Alembic Pharmaceuticals Ltd., is planning stake sales of USD150 to 200 million via QIP placement. The company is trying to catch the tide when the pharma companies are registering significant growth amid COVID-19 outbreak. The pandemic condition has shifted the economy’s focus to pharmaceutical companies, and their stocks are currently rallying …
Non-banking financial company, Mahindra Finance is gearing up to enter the market on July 28 with their rights issues worth Rs 3,088.82 crores. The shares, with a face value of Rs 2 each, will be available for Rs 50 apiece. Mahindra Finance will issue 61.78 crore equity shares to raise the desired volume of capital …
Earlier this month, the US benchmark crude oil prices turned negative for the first time in history, sending shockwaves across global energy and financial markets. Ahead of the expiry, May futures for US crude oil WTI closed at $37.63 a barrel. The negative prices led the commodity exchange, MCX, to settle crude oil contracts at …
Silver Lake buys stake in Reliance Jio Days after social media giant Facebook bought a stake in India’s largest telecom company, Reliance Jio, an American private equity giant Silver Lake Partners has invested Rs 5,655.75 crore in Jio Platforms. Post the deal, Jio Platforms, which is a digital unit of Reliance Industries Ltd (RIL) will …
India’s love for gold is phenomenal. Since ancient times, it has remained the country’s favourite choice as an asset and investment. In society, how much gold one holds is an important determinant of one’s social and economic status. Although with time, preference for investing in physical gold has declined, it has never lost its sheen …
The Prime Minister on 12th May announced 20 lakh crore economic revival package as post lockdown plan to set industrial wheels churning again. The market welcomed the news with great enthusiasm and termed it as right approach to convert this present crisis into opportunity. PM Modi’s new deal on stock market : Received positive reaction …
