Market Today

1. Silver Lake buys 1% in Reliance Jio for Rs 5,655.75 crore, at higher valuation than Facebook deal

American private equity giant Silver Lake Partners has bought 1 percent of Jio Platforms for $750 million in a deal that values the digital unit of Reliance Industries Ltd (RIL) at $65 billion.

2. Elon Musk Lost $14 Bn In Tesla's Share Value With One Tweet

Elon Musk, whose company Tesla lost $14 billion of its value after tweeting its share price was too high.

3. ICICI Lombard reported a 23.8% rise in net profit at Rs 282 crore for the March quarter

ICICI Lombard General Insurance Company on Saturday reported a 23.8 per cent rise in net profit at Rs 282 crore for the March quarter. The non-life insurer had posted a net profit of Rs 228 crore in the corresponding period of 2018-19.

4. Bank of Baroda disburses Rs 2,300 crore to MSMEs under emergency credit line facility

The MSME sector is a key priority area and Bank of Baroda (BoB) is taking various steps, including a Rs 2,300-crore financial support, to help the sector hit hard by the coronavirus-induced lockdown, the bank's Executive Director Vikramaditya Singh Khichi said.

5. As a banker it is my first job to be safe: IDFC First Bank CEO V Vaidyanathan

Explaining what went behind the Rs 2,000 crore of equity raise announced last Friday, V VAIDYANATHAN, MD & CEO, IDFC First Bank in an exclusive Zoom call with Hamsini Karthik says the intention was to be prepared for growth, as well as any asset quality contingency from Covid-19.