Late-stage Indian startups bulk up its boards with independent hands
Oyo, Ola, Freshworks, Flipkart and Paytm are mong leading home-grown tech ventures that have brought in industry veterans to address compliance and governance issues.
RJ Corp sells 1.1 crore shares of Lemon Tree Hotels
The shares were offloaded at an average price of Rs 60.01 apeice, which took the total de...
Essar Steel, Adani, GAIL, HPCL buy bulk of Reliance gas
Essar Steel picked up 2.25 million standard cubic meters per day or about half of the...
Complaints on govt helpline: Ecommerce faces the bulk of consumer bricks & mortars
One in every five complaints filed on the helpline was against an e-commerce company.
Hindalco plans big on packaging, large aluminium containers
Hindalco Industries is betting big on the packaging and transport containers segment. The move is due to the low per capita use of aluminium in the country which is at 2.6 kg now and being the largest producer of the metal, it gives an added advantage to the AV Birla flagship. The domestic packaging industry is a USD 35 billion and is growing at around 25 percent annually.
Government to open up national procurement portal to private companies for bulk buying
The portal has already integrated the GeM Pool Account with seven public sector banks for timely payments to vendors and is in the process of creating a standardised bid document for various contacts devised by the ministries, in order to shorten the procurement cycle.
YES Bank rallies 6% as Jhunjhunwala picks stake
YES Bank’s shares have more than doubled from their decade low of Rs 29.05 seen in early October.
Bulk payments live on Paytm
This is part of Paytm’s plans to expand its scope of operations for partner businesses.
Standard Life sells 5% stake in HDFC Life for Rs 5,750 crore
The US-based Capital Group is among the buyers which picked up shares of the insurance firm.
Bajaj Resources sells 22% stake in Bajaj Consumer Care for 628 crore
Bajaj Resources held 59.9 per cent stake in Bajaj Consumer Care at the end of September quarter.
YES Bank sells 6.56% stake in Fortis Healthcare for Rs 645 crore
The shares were offloaded at an average price of Rs 130.27.
Food grain output seen at 140.57 million tonne in FY20 on monsoon boost
Production of monsoon-sown food grain is expected to be 140.57 mt in 2019-20, up by 8.4 mt from average output in the past five years, the report added.
Here are the bulk deals from Tuesday's session
The 30-share Sensex settled 129.98 points, or 0.33 per cent, higher at 39,816.48.
Franklin Templeton buys 1.6 crore shares of Lemon Tree Hotels
Both the funds bought the stake at an average price of Rs 55 per share.
Morgan Stanley Mauritius sells 0.7% in Reliance Naval
The stock has fallen 91 per cent so far in 2019.
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