BUSINESS
SoftBank likely sold 10 cr shares in Zomato for Rs 947 cr, stock up
Japanese company SoftBank’s SVF Growth Fund is the likely seller in this mega transaction, according to CNBC TV18.
Indian American CEO jailed for 2 years for committing bank fraud
Kishore Kethineni from Dublin was handed down the sentence by US District Judge Edward J. Davila last week after he pleaded guilty to the charges on February 21.
SEBI issues guidelines for strengthening cyber security of market institutions
"Market infrastructure institutions (i.e., stock exchanges, clearing corporations and depositories) are systemically important institutions as they, inter-alia, provide infrastructure necessary for the smooth and uninterrupted functioning of the securities market.
SoftBank may sell 1.17% stake in Zomato via block deal: Report
The stake will be offloaded via a block deal -- 10 crore shares at a price of Rs 94 apiece, totalling Rs 940 crore, CNBC TV-18 reported.
LPG price cut to have financial implication of Rs 7,680 cr in current fiscal
Ujjwala scheme subscribers already get Rs 200 subsidy on cooking gas cylinders, while the reduction of Rs 200 in prices of LPG cylinders announced on Tuesday will be on top of that, Information and Broadcasting Minister Anurag Thakur told mediapersons after the Union Cabinet meeting.
Small and midcap indices close at fresh all-time highs
Breadth of the market is very strong as more than 83 per cent of NSE 500 stocks are placed above their respective 200 DMA, he said.
Adding 100 mn skilled Indians to the workforce can increase GDP by 20%: Report
Almost 50 per cent of India’s young informal workforce and those outside it are willing to upskill to bridge India’s employability gap, according to the report by investment firm Omidyar Network India with research partner Redseer.
Erratic monsoon fuels inflation, affects rural demand: CARE Ratings
The government’s budgeted cuts on subsidies introduced during the pandemic can further weaken rural demand, it added.
Sensex up more than 100 points in morning trade
Among the top Sensex gainers are Jio Financial, Tech Mahindra, Powergird and JSW Steel up over 1 per cent in trade. Bharti Airtel is down by more than 1 per cent.
Indian IT industry expected to grow 3-5% revenue in 2024, lower than 2023: Report
According to the credit rating agency ICRA, key sectors like BFSI, retail, technology, and communication are expected to slow down discretionary IT spending.
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