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Mahindra dilutes sizeable stake in the renewable business. Financially not a significant event.
M&M is diluting 30% stake in it’s renewable business to Ontario Teachers’ Pension Plan Board (Ontario), a global major investor with net assets ~ Canadian$ 242.5 bn. Key points to note – Stake dilution is of a step down wholly owned subsidiary of M&M, Mahindra Susten Private Limited (MSPL) MSPL is Mahindra Group’s renewable energy … Read more
Voltas slips 8%, hits lowest level since January 2021 on demand concerns
Shares of Voltas hit a 52-week low of Rs 883.20 on the BSE as they slipped 8 per cent in Friday’s intra-day trade amid concerns that te July-September quarter (Q2FY23) may see subdued sales numbers due to low seasonal demand. With today’s intra-day decline, the stock has corrected 35 per cent from its 52-week high … Read more
Mark Cuban Says Gen Z Will Go Down in History As ‘Greatest’ Generation
Billionaire Mark Cuban said Gen Z understands the importance of mental health. That’s why he thinks they will go down as the greatest generation, he told Adam Grant’s podcast. Cuban said Baby Boomers will be regarded as the most “disappointing” generation. Billionaire Mark Cuban said Gen Z would go down as the “greatest generation” because … Read more
Roger Federer to retire from competitive tennis after next week’s Laver Cup | Tennis News
Roger Federer broke the news fans across the world have long been fearing when he announced on Thursday he will retire from competitive tennis after next week’s Laver Cup in London. The 41-year-old Swiss, who has won 20 Grand Slam titles and is regarded by many as the best player ever to wield a racquet, … Read more
Tatas are rumoured to target stake in Bisleri
As per newspaper reports, Tata group has offered to acquire stake in Bisleri. There is no information on the quantum of stake that Tatas have offered to acquire currently. However, as per the said report, Tatas are very keen on this business and eventually they want to scale their stake up. Given that Bisleri is … Read more
How to Land an Investment From Serena Williams’ VC Firm
Serena Williams launched Serena Ventures in 2014 and has invested in over 60 companies. In March, the firm announced it had raised an inaugural fund of $111 million. Williams’ partner shares how to win an investment from the fund, which gets 200 pitches a week. Last week, amid the bright lights of Arthur Ashe Stadium, … Read more
Kellogg’s Introduces ‘Just Add Water’ Portable Cereal
Kellogg’s said the product was inspired by demand for more portable options. Instabowls come in four varieties: Frosted Flakes, Froot Loops, Apple Jacks, and Raisin Bran Crunch. The products are available at select Walmart stores and retail for $1.98. Something is loading. Craving a bowl of Frosted Flakes but out of milk? Kellogg’s is here … Read more
Govt’s cash balances halve in a month with rise in infra spending
The government’s cash balances have nearly halved in about a month to Rs 2.3 lakh crore as it accelerates spending on infrastructure. Higher federal spending, though potentially inflationary, should boost economic growth that fell below even the central bank’s forecast last quarter. Cash balances with the government were at Rs 2.3 lakh crore on September … Read more