India's IndiGo co-founder Gangwal to sell airline's shares worth $450 million, report says
BENGALURU (Reuters) - Rakesh Gangwal, co-founder of Indian carrier IndiGo, will sell a stake of up to 3.3%, worth 37.3 billion rupees ($451 million), in operator Interglobe Aviation through a block Key Points
ThePrintEV-only Uber rival BluSmart raises $42 million in BP Ventures-led round
Investors include BP Ventures, the investment arm of energy giant BP Plc that holds 20% equity. BluSmart is currently valued at $250 million. Key Points
FinancialexpressHFCL share price hits 52-week high amid Exicom Tele-Systems IPO buzz; stock up 31% YTD
HFCL share price surged over 5% to hit a 52-week high fuelled by Exicom Tele-Systems' IPO buzz and strong order wins. Equity analyst Rajesh Bhosale noted a strong uptrend with significant price increases. HFCL received a 4G and 5G equipment order from BSNL worth ₹179 crore. Key Points
mintSudha Murty holds Infosys shares worth about Rs 5,600 crore
Sudha Murty, who was on Friday nominated to the Rajya Sabha by the President, holds a 0.83 per cent stake in IT bellwether Infosys which at current prices is worth close to Rs 5,600 crore. The 73-year-old philanthropist is the wife of Infosys co-founder Narayana Murthy. Key Points
Economic TimesPaytm & its payments bank discontinue inter-company agreements to reduce dependencies
Paytm didn't say what agreements were being terminated. Payments bank agreed to simplify shareholders’ agreement to 'support Paytm Payments Bank‘s governance, independent of shareholders'. Key Points
ThePrintLionsgate signs $4.6-billion SPAC deal for studio business
(Reuters) -Blank check firm Screaming Eagle Acquisition Corp said on Friday it has agreed to merge with the studio business of entertainment company Lionsgate in a deal valued at about $4.6 billion. Key Points
ThePrintIndia's Dr. Reddy's shares fall on observations from US regulator
BENGALURU (Reuters) - Shares of Indian drug-maker Dr. Reddy's Laboratories were down 6.5% on Monday after the U.S. Food and Drug Administration issued three observations for the company's plant in Key Points
ThePrintREC to provide Rs 4,785 crore loan for refinery project in Rajasthan
New Delhi, Jul 4 (PTI) State-owned REC Ltd on Tuesday said it will provide a loan of Rs 4,785 crore to HRRL’s project in Rajasthan. HRRL is a joint venture between Hindustan Petroleum Corporation Ltd (HPCL) and Rajasthan government. HPCL holds 74 per cent equity stake in HRRL. “REC extends Rs 4,785 crore for HPCL […] Key Points
ThePrintASK Automotive files draft papers with Sebi to mop up funds via IPO
At present, Kuldip holds a 41.33 per cent stake in ASK Automotive and Vijay owns a 32.3 per cent stake in the firm. Since the IPO is completely an OFS, the entire proceeds will go to the selling shareholders and the company will not receive any funds from the issue. Key Points
FinancialexpressHemen Kapadia’s 2 top stock picks in a volatile market
The Reliance stock holds the key. There was a huge volume spike on Friday or Thursday over the last quite a few months. That means smart people have bought and if Reliance stabilizes, that will be the first indication that yes the market is trying to sort of find its feet. Key Points
Economic Times
12 out of 15 Damani stocks correct up to 25% from Dec highs. Take a look!
Damanis prominent investments include India Cements with about 21% stake and VST Industries with 31% stake. Besides, he holds over 67% stake in Avenue Supermarts and is the promoter of the DMart supermarket chain operator. Key Points
Economic Times