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Hyundai rules out special worker share allocation in India IPO despite protests

Manufacturing

12 July, 2024

Hyundai rules out special worker share allocation in India IPO despite protests

South Korean carmaker Hyundai Motor has ruled out any special allocation of shares to Indian workers in its forthcoming mammoth ......

Sensex, Nifty rise for sixth straight week, IT stocks re-join the party after TCS results

Finance

12 July, 2024

Sensex, Nifty rise for sixth straight week, IT stocks re-join the party after TCS results

The Indian benchmarks jumped to record closing highs on Friday as IT stocks joined an over month-long record-breaking rally after ......

Govt departs from privatisation plans, may overhaul PSUs

Economy

12 July, 2024

Govt departs from privatisation plans, may overhaul PSUs

India plans to overhaul more than 200 state-run firms to make them more profitable, signalling a departure from Prime Minister ......

Inside Goldman Sachs' expanding but risky lending to private equity funds

Finance

11 July, 2024

Inside Goldman Sachs' expanding but risky lending to private equity funds

A Goldman Sachs bet put in place in 2021 on lending to private funds has helped drive record revenues in ......

Sensex, Nifty end Thursday's session flat amid sideways trading

Finance

11 July, 2024

Sensex, Nifty end Thursday's session flat amid sideways trading

Indian shares closed broadly unchanged on Thursday, swinging from a higher open to succumbing to profit-booking along the way, as ......

Mahindra & Mahindra, banks hold up Indian shares' record rally

Finance

10 July, 2024

Mahindra & Mahindra, banks hold up Indian shares' record rally

Indian shares declined on Wednesday, weighed by banks on worries of moderation in their earnings and by Mahindra and Mahindra ......

Bain-backed Emcure Pharma jumps 35% on listing at $223 mn valuation

Healthcare

10 July, 2024

Bain-backed Emcure Pharma jumps 35% on listing at $223 mn valuation

Indian drugmaker Emcure Pharmaceuticals' shares rose 34.9% in debut trade on Wednesday, beating analysts' estimates and valuing the company at ......

June mutual funds data pegs equity inflows at fresh record high

Economy

09 July, 2024

June mutual funds data pegs equity inflows at fresh record high

Inflows into India's equity mutual funds rose 17% sequentially to a record high of 406.08 billion rupees (about $5 billion) ......

Paytm gets nod from government panel to infuse funds in payments arm

TMT

09 July, 2024

Paytm gets nod from government panel to infuse funds in payments arm

India's beleaguered Paytm has secured approval from a government panel that oversees investments linked to China to invest 500 million ......

Temasek portfolio value rises on India profits; to build Middle East Presence

Finance

09 July, 2024

Temasek portfolio value rises on India profits; to build Middle East Presence

Singapore state investor Temasek said on Tuesday its net portfolio value had swung back to growth with a 1.8% gain, ......