As the mandatory lockin period of 1 yr is ending, Softbank has decided to offload 4.5% stake of Paytm through block deal. Prior to this sell, Softbank was the second largest shareholder (after Alibaba group) with 17.5% stake in Paytm. It’s second largest position will continue with 13% balance stake. Softbank has offered to sell … Read more
Kotak Investment Advisors Limited (KIAL) on Tuesday announced that the company has secured an anchor investment of $500 million from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for its 13th Real Estate (RE) Fund, a $1 billion platform targeting real estate investments in India. With this new fund, KIAL has raised, … Read more
After the team’s disappointing exit at the semifinals stage from the recently-concluded Men’s T20 World Cup, the Indian cricket board will initiate measures to put the T20 team back on track. One of the steps reportedly under consideration is to use the experience and skills of M.S. Dhoni, in some capacity, to prepare and plan … Read more
Former U.S. President Donald Trump announces that he will once again run for U.S. president in the 2024 U.S. presidential election during an event at his Mar-a-Lago estate in Palm Beach, Florida, U.S., November 15, 2022. Donald Trump pulled the trigger on a third White House run on Tuesday, setting the stage for a bruising … Read more
Mahindra & Mahindra riding high on the success of it’s recent launches (XUV700, Scorpio N), is sitting on a healthy order book of more than 2,60,000 SUVs. Checkout the model wise order book (taken from Company’s investor PPT). Company’s current production capacity is 29,000 SUVs per month i.e., 3,48,000 p.a. implying an average order book … Read more
The ED has arrested two company executives linked to the liquor trade in the money laundering investigation being conducted by it into the now-scrapped Delhi Excise policy case, official sources said Thursday. Benoy Babu of Pernod Ricard and Sharath Reddy of Aurobindo Pharma have been arrested under sections of the Prevention of Money Laundering Act … Read more
With Mukesh Ambani showing interest in purchasing Liverpool FC, the club may be headed for an Indian takeover, according to The Mirror. Ambaniwill have to fend off interest from parties in the Middle East and the US in order to acquire the famed English football team Liverpool, the report says. The potential buyers reportedly want … Read more
Speaking at the Hindustan Times Leadership Summit 2022, Chief Justice of India Dhananjaya Y Chandrachud on Saturday said that social media has posed as one of the biggest challenges. “Very often it’s not very easy to distinguish between what lies in the realm of policy and what lies in the realm of legality,” CJI Chandrachud … Read more
Valuations, growth rates, cash flows, business opportunity, management… nothing may really work, if we don’t know the character