On 25 June, online medicine delivery start-up PharmEasy declared it would acquire a 66.1% stake in diagnostic chain Thyrocare Technologies Ltd. PharmEasy’s parent company, API Holdings Ltd., confirmed the “signing of definitive documents” for a deal worth Rs. 4,546 crores in an official statement on Friday. DocOn Technologies Pvt. Ltd., a subsidiary of PharmEasy’s parent …
Software giant Infosys has launched a Rs 9,200-crore worth share buyback plan on June 25, wherein the IT firm has planned to buy shares back at a price capped at Rs 1,750 per share. The approval for the buyback was given in April 2021, while the shareholders gave the go-ahead on June 19. The last …
The Petrol and Diesel prices in India are witnessing record-high levels amidst the economic slowdown caused by the pandemic. All the Indian cities currently are charging above Rs.90 per liter of petrol, wherein some like Bangalore, Bhopal, Hyderabad, Jaipur, and Mumbai have crossed the Rs.100 per liter mark. Diesel prices are also running above Rs.80 …
Zomato, the food delivery behemoth, filed for approval from the Competition Commission of India to acquire a 9.3% stake in Grofers, the grocery delivery company. The $120 million investment will come from Zomato and its investor Tiger Global, of which Zomato will contribute the lion’s share. Some key highlights Along with a 9.3% stake, Zomato …
An Overview of RIL’s Annual Report Reliance Industries said it had applied for the use of niclosamide as a potential medicine to treat pandemic virus and created a cost-effective diagnostic kit to detect the disease, among other pandemic-fighting measures. RIL stated Jio Platforms has partnered with US chipmaker Qualcomm for local manufacturing of 5G equipment …
An Overview In the midst of the second wave of pandemic, the leading stock exchange – BSE reached a milestone of seven crore registered users based on Unique Client Code (UCC) on Monday. The BSE said in a statement that the transition from 6 crore to 7 crore users took only 139 days, compared to …
Oil prices shot up to two-year peaks on June 1, as Brent crude traded a little over $70 per barrel. The last time prices breached the $70 mark was in March when Brent inched over $71 for a brief while. Oil futures too traded at this level last in 2019, much before the Covid-19 pandemic …
On Friday, June 18, gold prices climbed, imitating gains in international markets as investors made the most of buy-the-dip opportunities. As a result, gold futures on the Multi Commodity Exchange surged 1% to Rs. 47,387 per 10 grams. On the other hand, silver futures surged to Rs. 68,440 per kilogram, representing a 1.24% increase. In …
Paytm is obtaining stakeholders’ approval to liquidate nearly Rs. 120 billion in new stock. If the Indian digital-first payments firm gets the nod from shareholders, this could turn into South Asia’s biggest IPO to date, worth a whopping $1.6 billion. This firm has the backing of Japan’s SoftBank (18.73%), Elevation Capital (17.65%), and China’s Alibaba …
Jubilant FoodWorks Ltd, Spencer’s Retail, and Whirlpool India will be releasing their quarterly earnings for January – March today on June 15. They are among the 45 companies scheduled to release quarterly earnings results of Q1 2021 today. Other prominent names include LIC Housing Finance, Entertainment Network (India), Easy Trip Planners, Lemon Tree Hotels, JMD …
