Morgan Stanley Asia (Singapore) Pte and Societe Generale purchased a stake in beauty e-retailing entity Nykaa today, showed BSE block deal data. Morgan Stanley Asia (Singapore) Pte bought 82,13,050 shares or 1.7% stake in the company at an average traded price of Rs 186.4. At the same price, Societe Generale also bought 26,30,000 shares, equivalent … Read more
New Delhi: A handful of Dalal Street debutants, listed at the bourses in the last two months of 2021, are likely to be in focus of Dalal Street in the remaining part of the ongoing calendar year. The mandatory lock of the pre-IPO investors in these 14 mainboard companies, which were listed in November-December 2021, … Read more
NEW DELHI: Global technology stocks might be reeling under pressure on concerns that escalating interest rates and steep inflation could impact their growth and profitability, but ’s recent quarterly results seem to suggest that the company is positioned rather distinctively, said in its latest report. With no external capital requirement, the business remains least impacted … Read more
New Delhi: Brokerage firms are majorly positive on FSN E-Commerce Ventures, the parent company of , after the company reported a strong performance in June 2022 quarter. Nykaa’s June quarter consolidated profit jumped 33 per cent YoY to Rs 4.55 crore against Rs 3.41 crore in the corresponding quarter of the last year. The new … Read more
NEW DELHI: Nifty futures on the Singapore Exchange traded 44 points, or 0.26 per cent, higher at 17,304, signaling that Dalal Street was headed for a positive start on Wednesday. Here are a dozen stocks which may buzz the most in today’s trade: Power Grid, Nykaa: FSN E-Commerce Ventures (Nykaa), Power Grid, Tata Power Company, … Read more
MUMBAI: Axis Bank has no ‘spandana’ left to be involved in the boardroom battle at microfinance lender Spandana Sphoorty. The private sector bank told reporters today that it is no longer in talks with Spandana Sphoorty to acquire the microfinance lender. Axis Bank’s reasons may be fairly obvious given the turn of events at the … Read more