Abhay Agarwal, Founder & Fund Manager, Piper Serica, says “outsourced manufacturing as a concept is here to stay and it will reward large players. While there is nothing wrong with branded players like Voltas or Blue Star, we would like to back very efficient, large and getting larger manufacturers like Dixon and Amber purely for … Read more
The week gone by saw Nifty50 settling 0.66% lower over the previous week. Yet it was not without action as prominent bulk, block and insider deals worth Rs 10,710 crore were executed during the week. Sizeable block deals that were executed on screen were worth over Rs 10,434 crore with Vedanta walking away with the … 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