Market Today
Groupe ADP infused Rs 4,565 crore, the second tranche of investment, in GMR Airports Limited to conclude the deal to pick up a 49 percent stake in the company.
2. IndusInd Bank surges 7% on reports of stake sale to Route One Investment
Shares of IndusInd Bank jumped 7 per cent in Wednesday's session after media reports suggested that US-based hedge fund Route One Investment Company has initiated talks to increase its stake in the private lender.
3. Titan’s recovery in June is comforting, but stock’s valuations already glitter
After a complete loss of business in April due to the covid-19 lockdown, and an 80% drop in retail jewellery sales in May, the company said the year-on-year drop in jewellery revenue in June was around 30%. “The recovery in June is better than expected," said an analyst at a domestic brokerage requesting anonymity.
4. NBCC India bags orders worth Rs 432 crore in June
State-owned NBCC (India) received an order worth Rs 284.63 crore from BHEL for construction works of natural draught cooling towers. Another order worth Rs 147 crore was received from IIT (BHU) for project management consultancy services for construction and development of students' hostel and faculty apartments at IIT-BHU.
5. Jio Platforms gets Rs 43,574 crore from Facebook for 9.99% stake sale
Jio Platforms, the parent firm Reliance Jio, has received Rs 43,574 crore investment from Facebook for a 9.99 per cent stake in the company, Reliance Industries said in a regulatory filing.
No comments: