LiveLaxmi Organic Jumps 18% as Goldman Sachs India
Shares of Laxmi Organic Industries jumped as much as 18 per cent on Friday after Goldman Sachs India Fund and Plutus Wealth Management bought shares...
Category : BUSINESS
M&E Sector Shrinks 24% in 2020 Despite Last Quarter Recovery
The coronavirus pandemic hit India’s media and entertainment (M&E) sector, which shrank 24 per cent to Rs1.38 trillion in 2020, with revenues akin to levels...
Amazon Said to Call on India Not to Alter E-Commerce Investment Rules
Amazon asked the Indian government on Thursday not to change e-commerce foreign investment rules until investigations into its business practices had been concluded, two sources...
Smartphone Maker Xiaomi to Make Electric Vehicles
China’s Xiaomi Corp plans to make electric vehicles (EVs) using Great Wall Motor Co Ltd’s factory, said three people with direct knowledge of the matter,...
DLF Raises Rs 500 Cr Via NCD Issue
Realty firm DLF on Thursday said it has raised Rs 500 crore through the issue of non-convertible debentures (NCD) to investors. In a regulatory filing,...
S&P Raises India’s FY22 GDP Growth Forecast to 11% from 10%
S&P Global Ratings on Thursday raised India’s growth forecast for the financial year 2021-22 to 11 per cent from 10 per cent earlier, led by...
Fidelity Plans to Launch Bitcoin ETF
On Wednesday, Fidelity Investments unveiled plans to launch an exchange-traded fund that tracks the price of bitcoin, furthering the money manager’s push to bring cryptocurrencies...
Wabco India Plunges 10% as Promoter Begins Stake Sale
Shares of Wabco India Ltd slipped nearly 10 per cent as the company’s two-day stake sale through an offer for sale (OFS) began today. The...
Social E-commerce Platform CityMall Raises $11 Mn
CityMall has said it has raised $11million as part of its Series A funding round, led by Accel Partners. Existing investors Elevation Capital, Jungle Ventures...
Carbonated Beverages Set to Clock 10% Growth in Mar
Carbonated beverages that form the largest chunk of the beverages market in the country are set to report decent growth in the March quarter helped...