The deal, if completed, would see Alibaba investing as much as $1.2 billion, valuing Micromax, the second-biggest smartphone brand in India by sales, at $5 billion to $6 billion, two of the source...
The BSE Sensex closed down 0.79 per cent at 27,011.31, while the broader Nifty fell 0.71 percent to 8,181.50. Both the indexes closed at their lowest level since Jan. 7, 2015.
Medium enterprises, social infrastructure and renewable energy will form part of the priority sector, in addition to the existing categories, RBI said.
The benchmark Sensex closed up 0.77 per cent at 27,890.13, while the broader Nifty rose 0.62 per cent to 8,429.70.
Price cut will put pressure on the company's margins as global prices are falling, analysts said.
Nuziveedu, which could file as early as next week, has hired JPMorgan, JM Financial Services and Axis Capital as lead managers.
IVFA, in a statement late on Wednesday, said it had already raised US $500 million, but expected to close the fund after raising US $200 million more.
According to analysts, fuel constitutes one-third of operational costs of airlines and thus, a price cut at the beginning of the holidays could help improve the carriers' margins.
GVK Power & Infrastructure has mandated Citigroup, Bank of America - Merrill Lynch, Axis Capital and JM Financial Services to manage the IPO, sources said.
Goldman Sachs bought stake in Just Dial, valued around $48 million from US hedge fund, Tiger Global Management LLC, an early-stage investor in the company.
Oneweb 2027 Plans: New Tech, New Features
Vinit Bolinjkar's 2026 Market Strategy: Be Selective And Valuation-Driven
Accenture Results Spark Fresh Buzz In IT, Early Turn Or Just A Bounce?
Hate Speech Bill Sparks Chaos In Karnataka Assembly, Opposition Cries Free Speech Attack
High-Profile Names Appear In New Epstein Photo Release Ahead Of Deadline
