bulk Deals Today: L&T Finance offloads stake in Zee Media; Madhusudan Masala, Kundan Edifice exchange hands
Bulk Deals Today: According to NSE data, L&T Finance sold 31,49,467 shares of Zee Media Corp at an average price of ₹12.02. Key Points
mintReserve Bank of India hikes threshold for bulk fixed deposit to Rs 3 crore from Rs 2 crore for better asset liability management
It takes several pioneering initiatives to encourage innovation in the fintech sector, one such key initiative being the global hackathon: ‘HaRBInger - Innovation... Key Points
The Tribune IndiaGmail will reduce spam emails in your inbox from April onwards. Here's how it works
Google's new guidelines require bulk senders to authenticate their messages and only send emails to recipients who want to receive them. Non-compliant email traffic will face temporary errors and will be rejected starting from April. Key Points
mintBerkshire Hathaway exits India's Paytm in $165 million deal
BENGALURU (Reuters) - Berkshire Hathaway has exited India's Paytm after selling its entire stake in the company for about 13.71 billion rupees ($164.70 million) through a bulk deal on Friday. Key Points
ThePrintStocks in news: TCS, ICICI Securities, BPCL, Adani Enterprises, SBI Life
Promoter company Housing Development Finance Corp (HDFC) has further bought 0.77% stake in its subsidiary HDFC Life through bulk deals on Wednesday. Key Points
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Lloyds exploring sale of bulk annuities worth $7.3 bln - Bloomberg News
Lloyds (LLOY.L), Britain's biggest mortgage lender, is exploring the sale of some assets from its pension provider Scottish Widows worth 6 billion pounds ($7.3 billion), Bloomberg News reported on Wednesday, citing people familiar with the matter. Key Points
ReutersHaryana govt orders suspension of mobile Internet in Nuh, imposes Section 144
The Haryana government has suspended mobile internet and bulk SMS services in the Nuh district until August 28th, due to concerns of communal tension. The decision was made to prevent the spread of rumors and misinformation through social media ahead of a planned religious procession. Key Points
Economic TimesFCI to sell 10.13 lakh tonnes of wheat to bulk users on Wednesday via e-auctions
Food Corporation of India has sold 28.85 lakh tonnes of wheat to bulk consumers in the five rounds of e-auction held so far. According to a senior government official, FCI will offer 10.13 lakh tonnes of wheat to bulk consumers in the sixth round of e-auction to be held on March 15. FCI will offer wheat from its 620 depots. Key Points
Economic TimesFarmers' Protest: Haryana government extends mobile internet suspension
The Haryana government extended suspension of mobile internet and bulk SMS services in seven districts due to the ongoing 'Delhi Chalo' agitation led by farmers. The suspension aims at maintaining law and order, preventing disruptions and damage to public assets, and addressing farmers' demands for MSP and farm loan waiver. Key Points
Economic TimesNuh Violence: ‘No Jal Abhishek Yatra’, Haryana CM Khattar bans processions; asks people to visit temples instead
Haryana CM Khattar denies permission for a religious procession in Nuh and asks people to go to nearby temples instead. Internet and SMS services suspended in the area. Key Points
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GQG Partners buys shares worth Rs 1,676 cr in Adani Transmission via bulk deal; promoter sells entire stak
Promoter entity Fortitude Trade and Investment has sold its entire stake for about Rs 2,665 crore. GQG Partners has reportedly picked up 1.9% stake or 2.13 crore shares in Adani Transmission Key Points
Economic TimesPromoter sells 1.8% stake in Vedanta via open market for over Rs 1,700 crore
The promoter entity sold 6,55,18,600 shares of the mining major at Rs 265.14 a share, bulk deals data showed. On Thursday, shares of Vedanta ended 4% down on the BSE at Rs 268. The sale happened at a discount of more than 5% to the previous close. Key Points
Economic TimesDDA allows private firms to buy flats in bulk
“Any private entity with a registered office or campus in Delhi/ NCR region can now purchase residential flats of DDA in bulk for use as residential staff quarters, hostel among others. Such a policy will enable the growth and development of private industrial, educational and other sectors in upcoming areas like Narela leading to the overall development of the city,” DDA said in a statement. Key Points
Economic TimesStocks in news: Axis Bank, Mankind Pharma, Bank of Baroda, Laurus Labs, Wipro
Mauritius-based Beige Ltd has sold partial stake in Mankind Pharma through bulk deals on Tuesday. The investors have sold about 1.44 crore shares or 3.6% stake at Rs 1,832 apiece, taking the deal value to Rs 2,640 crore. Key Points
Economic TimesPLI schemes have started to yield desired outcomes
Pointing out that the PLI for Food Processing are on track, Anita Praveen, Secretary, Ministry of Food Processing Industries said that more than 2 lakh jobs have been added to the 80 lakh existing ones in this sector. “We are completing our investment target by March 2024 under the PLI,” she said while adding that the Food Processing Ministry is now to push for smaller units that will likely generate the largest growth for the sector. Key Points
Economic Times
Why shippers hate recessions, but love crises
The global economy and the next year outlook havent improved largely in that time. Instead, a series of localised crises pushed demand for transportation. Key Points
Economic TimesCSK beat MI by 6 wickets
For CSK, pacers Deepak Chahar (2/18 in 3 overs), Tushar Deshpande (2/26 in 4 overs) and Matheesha Pathirana (3/15 in 4 overs) were all among wickets. In reply, CSK scored the runs in 17.4 overs with Ruturaj Gaikwad (30 off 16 balls) and Devon Conway (44 off 42 balls) scoring the bulk of the runs. Key Points
Economic TimesForeign investors turn net buyers for first time in CY23, pump in Rs 3450 cr in 4 days; what’s ahead for FPIs?
Analysts attribute it to the GQG investment in Adani Group companies and other bulk deals that took place in March and the narrowing current account deficit (CAD) from 4.4% in Q2 FY23 to 2.2% in Q3 FY23. Key Points
FinancialexpressWhite Field Investment Fund buys stake in Goyal Aluminiums through bulk deal
With a market valuation of Rs. 455.75 crore, Goyal Aluminiums Ltd. is a small-cap company that works in the commercial service sector. Key Points
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