IEX hits a new 52-week high. Here’s what is driving the rally – Economic Times
IEX shares surged 9 per cent to Rs 521.55 on Tuesday before trading at Rs 517.75 at 10.45 am. Read More
reported by Pawan Nahar at The Times of India
India GDP: 5 things to watch out for in Q1FY22 GDP to be released today – Moneycontrol
Rating agencies and the central Bank expect India?s GDP to have grown 18-22 percent in Q1 FY22, but this is in comparison with a low base a year ago when economic activity was devastated by the pandemic-induced lockdowns Read More
reported by at Moneycontrol
Prosus buys Indian payments company BillDesk for $4.7 billion – Reuters India
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Technology investor Prosus NV said on Tuesday it had agreed to buy Indian payments platform BillDesk for $4.7 billion to complement its own PayU business. Read More
reported by Reuters at Reuters
Reliance nears deal to acquire solar panel maker REC for $1.2 billion from ChemChina – Times Now
Mukesh Ambani-controlled Reliance Industries (RIL) is in discussion with global banks to raise about $500-600 million in acquisition financing for the deal, while the rest will be funded via equity. Read More
reported by ET Now Digital at Zoom
Two IPOs seek to raise Rs 2,465 crore on Dalal Street: Which one should you bet on? – Moneycontrol.com
In August, some IPOs listed weakly and are still trading at a significant discount to their issue price. Experts are worried and feel companies and merchant bankers should do a better job pricing IPOs. Read More
reported by at Moneycontrol
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