All Sectors | inves4: Indian Equity Investing

China has banned all crypto transactions in the country. Here is what it means and why experts say bitcoin will bounce back | Currency News | Financial and Business News

China’s declaration that crypto-transactions are illegal drove down bitcoin and other digital currencies Friday. China, however, didn’t ban possession of digital currencies, which likely prevented deeper losses. The central bank warned of criminal investigations into people suspected of buying and trading cryptocurrencies. See more stories on Insider’s business page. China took its most forceful action … Read more

To comply with updated regulations, Vishal Kampani vacates MD’s office

Vishal Kampani, son of Nimesh Kampani (Indian securities market veteran) decides not to seek re-appointment as MD of JM Financial (JMF) and instead decides to take the position of Non-Executive Vice Chairman w.e.f. October 1, 2021. Key points to note – Kampanis (promoter family) own 54.75% of JMF. Decision to give up MD post is … Read more

JM Financial

Tejas gets selected by Airtel for optical network expansion

Tejas will supply, install and support it’s optical transmission products for extending Airtel’s optical networks towards the edge, supporting 5G, business-to-business (B2B) services and broadband applications. Key points to note – Tatas (through a subsidiary of Tata Sons) recently (July 2021) acquired a controlling 43.55% stake in Tejas for Rs 1,884 crore at Rs 258/ … Read more

Tejas Networks

Kubota of Japan rumoured to acquire Nanda’s stake in Escorts

Kubota Corp (KC) of Japan, an agriculture and heavy equipment firm is rumoured to be in discussions with the promoters (Nanda family) to acquire their stake in Escorts Ltd (EL). Key points to note – KC’s current mcap is around USD 27 bn and EL’s about USD 2.7bn. KC already owns 9.09% in EL – … Read more

Escorts Kubota

Freshworks m-cap crosses $13 bn; over 10% employees turn ‘crorepatis’

With the market capitalisation of Freshworks crossing over $13 billion on its debut day at Nasdaq Stock Exchange, around 500 employees or around 12 per cent of the company’s total staff strength of around 4,300 have become ‘crorepatis’ in India and more interestingly over 70 of them are below the age of 30 years. … Read more

Zee and Sony announce merger. Called off after two years.

Zee today announced that it’s board has given an in principle approval for the merger of Zee Entertainment Enterprises Limited (ZEEL) and Sony Pictures Networks India (SPNI). Rumours of talks between ZEEL and SPNI have been happening since 2019 but guess Covid delayed the process. Key points to note – Approval has been given to … Read more