ATF price hiked by 7.5%; petrol, diesel rates unchanged
While the diesel price had been hiked on 22 occasions since June 7, petrol price had been raised on 21 occasions – The Hindu – Economy
Month: July 2020
Bharti Airtel Gains More Than 2% on Stake Purchase By US-Based Carlyle
The US-based Carlyle Group will buy a 25 per cent stake in Bharti Airtel’s data centre business, Nxtra Data, at a cost of $235 million (Rs 1,774.25 crore at $1 … Read More
Sensex Rises Over 200 Points, Nifty Touches 10,350 As Auto Stocks Jump
The Nifty Auto index rose as much as 0.70 per cent, as automakers geared up to report their monthly sales figures – NDTV Profit – Latest
Non-Subsidised LPG Price Hiked Marginally In Metros
LPG Price Today: Indian Oil consumers in Delhi and Mumbai now have to shell out Rs594 and Rs 594 respectively for each refill of non-subsidised LPG. – NDTV Profit … Read More
Aspire Systems acquires a majority stake in RapidValue Solutions
As part of this agreement, Aspire Systems is buying out the entire stake of Helion Ventures to become the majority shareholder. – Stocks-Markets-Economic Times
SBI Gen, Premji firm may acquire Future Generali
Merchant banker UBS has been running the process to find a buyer for Future Group’s stake, but with Generali now wanting to exit, there could be a full-blown acquisition, sources … Read More
Buy Mahindra & Mahindra, target price Rs 600: Motilal Oswal
Any positive surprise in the SUV business, positive evolution of the Ford India JV or correction of capital allocation by the new CEO should act as re-rating triggers. – … Read More
Airtel to sell around 25% in Nxtra to Carlyle
“The post-money enterprise valuation of Nxtra is approximately USD 1.2 billion and Carlyle will hold a stake of approximately 25% in the business upon completion of the transaction, with Airtel … Read More
Powell stresses extraordinary urgency to keep virus in check
The Fed released the text of his remarks on Monday afternoon. – Stocks-Markets-Economic Times
Stamp duty to pinch liquid fund returns further
The move by the Securities and Exchange Board of India to hold at least 20% of liquid funds’ corpus in liquid assets like cash and government securities from July 1 … Read More