Posts in category Economic Times
Oil rises on hopes of summer fuel demand (10-06-2024)
Goldman Sachs analysts expect Brent to rise to $86 a barrel in third quarter, saying in a report that solid summer transport demand will push the oil market into a third-quarter deficit of 1.3 million barrels per day (bpd).
InterGlobe Enterprises likely to sell 2% stake in IndiGo via block deal: Report (10-06-2024)
The stake sale is valued at approximately $394 million, with the promoter set to offload 77 lakh shares at ₹4,266 each. This transaction will be executed at a 6% discount to IndiGo's last closing price. The company's shares have had a healthy run so far this year with a gain of over 50% year-to-date.
Ahead of Market: 10 things that will decide D-Street action on Tuesday (10-06-2024)
The NSE Nifty 50 index fell 0.13% to 23,259, while the S&P BSE Sensex declined 0.27% to 76,490. Both benchmarks initially rose about 0.5% to hit record highs before losing gains. The MACD indicator showed bullish activity in stocks like Balkrishna Industries, IndiGo, KEI Industries, Tejas Networks, and Info Edge. HDFC Bank, Adani Enterprises, SBI, RIL, Tata Steel, ICICI Bank, and Axis Bank were among the most active stocks on the NSE by value.
Market Trading Guide: Cipla, Petronet LNG among 6 stock recommendations for Tuesday (10-06-2024)
The Sensex came under selling pressure at the fag-end of the session and ended 203.28 points lower at 76,490.08.
Cognizant to acquire Belcan for $1.3 billion (10-06-2024)
The deal would expand Teaneck, New Jersey-based Cognizant's footprint in the aerospace, defense, space and automotive sectors. Cincinnati-based Belcan, which has been owned by private equity firm AE Industrial Partners since 2015, employs 10,000 people across 60 locations globally. Some of its clients include Boeing, General Motors, Rolls-Royce, the U.S. space agency NASA and the U.S. Navy.
Bitfarms to adopt ‘poison pill’ amid Riot takeover attempt (10-06-2024)
Riot had initially made a private proposal to buy Bitfarms in April. The proposal was rejected by Bitfarms' board after it concluded that the offer "significantly undervalued" the company.
Sebi to auction 22 properties of seven companies in July (10-06-2024)
Justice Sailendra Prasad Talukdar has been appointed as the one-man committee for liquidating the assets of the firms and repaying the investors. The move is part of Sebi's effort to recover investors' money.
Arthan Finance raises Rs 50 crore from Incofin, Dell Foundation (10-06-2024)
The Dell Foundation is a returning investor in the company. The fresh fund infusion will boost the company’s business expansion and technological progress, the company said.
Mphasis promoter entity pares 15 pc stake for Rs 6,735 cr (10-06-2024)
After the stake sale, shareholding of Blackstone has declined to 40.37 per cent from 55.45 per cent in Mphasis. However, it will continue to be the largest shareholder in the firm.
Kronox Lab shares got listed at 21% premium. What should investors do? (10-06-2024)
Kronox Lab Sciences had a decent listing at the bourses, falling short of expectations due to market volatility. Analysts praise its strong position in specialty fine chemicals sector.