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On April 22, Facebook said it will invest Rs 43,574 crore in Jio Platforms for a 9.99% stake in an all-cash deal that will help the oil-to-retail conglomerate reduce debt and strengthen the social media company’s presence in its largest market, especially for its WhatsApp unit.
Altico Capital fallout: RBI asks HDFC Bank to pay Rs 210 crore to Mashreq BankAltico and Mashreq claimed that the money was transferred from the Rs 650 crore ECB that the non-banking finance company had availed of from the Middle East bank and kept at HDFC Bank.
from Stocks-Markets-Economic Times http… Read MoreCompanies launch new products at low price points, responding to pent-up demandData by research firm Nielsen last month said consumption growth in rural markets is expanding at double the rate of urban markets where overall growth in the FMCG segment is estimated at about 5% in the next nine months.
fr… Read MorePSUs rally on buzz of global oil companies’ interest in BPCL stakeAccording to analysts, the government will try to get higher value in BPCL by maintaining better financial health through higher net marketing margins on petrol & diesel, which would benefit all oil marketing companies (O… Read MoreMCX system to allow negative price bids from July 27The upgraded system follows the settlement of the generic crude contract at negative price months ago, which resulted in members long the commodity, taking the exchange to court.
from Stocks-Markets-Economic Times https://if… Read MoreMarkets jump to a four-month high on surge in oil & gas stocksThe Nifty gained 161.75 points to close at 10,901.70. The Sensex rose 548.46 points to close at 37,020.14. Both indices closed at the highest level since March 6.
from Stocks-Markets-Economic Times https://ift.tt/3eDJy2L
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