The mergers and acquisitions (M&A) deal activity in value in India surged 66 per cent in the first nine months this year, outpacing 10 per cent growth globally and 5 per cent decrease in the Asia-Pacific region overall, according to a report on Wednesday. The M&A activity in India has been strong in 2024, bucking … Read more
Abu Dhabi Investment Authority (ADIA), the UAE's largest sovereign wealth fund, will invest about $750 million in the debt of India's GMR Group, giving it a foothold in one of the world's fastest-growing aviation markets. The investment will also allow the Indian company to reduce the pledged shareholding on its airports business. ADIA has invested … Read more
India's SBI Life Insurance Company reported a nearly 40% year-on-year rise in second-quarter profit on Wednesday, helped by higher investment income and sustained demand for insurance products. SBI Life said its profit rose to 5.29 billion rupees ($62.92 million) for the quarter ended Sept. 30, from 3.8 billion rupees a year earlier. Net premium income … Read more
Indian dairy products maker Heritage Foods posted a two-fold surge in second-quarter profit on Wednesday, marking the seventh consecutive quarter of earnings growth, as increased rural demand boosted sales. The company posted a consolidated profit of 486.3 million rupees ($5.8 million) in the three months ended Sept. 30. Its revenue from operations rose 4% to … Read more
Almost 750 million additional people were covered by 5G in 2023 and more than half of that was due to rollouts by operators in India alone, a new GSMA report said on Wednesday. The consumer experience on mobile networks continued to see significant improvement in 2023, with global average download speeds increasing from 34 to … Read more
Indian equity benchmarks slipped for a third straight session on Wednesday, as dull corporate earnings and sustained foreign selling overpowered early gains and a rise in shares of non-bank lender Bajaj Finance. The NSE Nifty 50 closed down 0.15% to 24,435.5 points as of 3:30 p.m. IST, while the S&P BSE Sensex inched down 0.17% … Read more
Zydus Lifesciences is currently trading at Rs. 1015.00, up by 26.80 points or 2.71% from its previous closing of Rs. 988.20 on the BSE. The scrip opened at Rs. 981.05 and has touched a high and low of Rs. 1016.35 and Rs. 981.05 respectively. So far 33456 shares were traded on the counter. The BSE … Read more
Bharti Airtel is currently trading at Rs. 1692.80, up by 1.05 points or 0.06% from its previous closing of Rs. 1691.75 on the BSE. The scrip opened at Rs. 1688.05 and has touched a high and low of Rs. 1701.25 and Rs. 1682.00 respectively. So far 44589 shares were traded on the counter. The BSE … Read more
India's annual diesel consumption is expected to rise by 3%-4% in the current fiscal year to March 31, said V. Satish Kumar, chairman of Indian Oil Corp (IOC). India's annual diesel demand in April-September, half of this fiscal year, rose 1% to 44.4 million tons, according to government data, even though heavy rains curtailed the … Read more
Bajaj Finance is currently trading at Rs. 7005.00, up by 327.60 points or 4.91% from its previous closing of Rs. 6677.40 on the BSE. The scrip opened at Rs. 6639.95 and has touched a high and low of Rs. 7026.40 and Rs. 6608.45 respectively. So far 26720 shares were traded on the counter. The BSE … Read more