Sterlite Power has sold 14.7 per cent stake in IndiGrid with the transaction valued at Rs 840 crore at a unit price of Rs 98. The sale of its stake has been made to institutional and HNI investors, the company said in a statement.
Remittances went down very sharply, but we benefited from higher-margin developments like higher deposit accretion, micro ATM and cash management services, and Aadhaar-enabled payments services (AEPS), Gupta told .
Shyam Sekhar, a Chennai-based value investor who runs iThought Financials, said if MSCI can be gamed, it only shows the state of credibility of our brokerages and media. The rot runs too deep, he tweeted.
Launch of the first Covid-19 vaccine in Russia, rebound in European markets and firm US stock futures boosted sentiments on Dalal Street but looming uncertainty on the stimulus package in the US kept investors on their toes.
Many of us start off our mutual fund SIPs with the theoretical acceptance of the volatility that is intrinsic to equities as an asset class, and of the fact that we cannot simply escape to the haven of fixed deposits and bonds if we intend to counter inflation and build an adequate corpus for our long-term goals.
The AMC's investment team led by market veteran Prashant Jain sold shares in large quantities in RIL, HDFC Bank, Aurobindo Pharma, Adani Ports, ITC, Axis Bank and SpiceJet, among others, and completely exited Vodafone Idea, DLF, ICICI Prudential Life.
Taking cognizance of her petition, a single-judge bench of the Bombay High Court has granted interim relief to Suyash and has restrained defendants from displaying, exhibiting, advertising or utilizing her image in any manner until further order. The court has also directed internet service providers across the country from facilitating access to all websites and apps displaying Suyashs image/likeness without her consent.