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23 May, 2018 9:22 AM SoftBank confirms selling its entire stake in Flipkart to Walmart

The move by SoftBank ends nearly two weeks of suspense over whether the Japanese telecom and Internet powerhouse would exit or stay invested in Flipkart. Japan’s SoftBank has decided to sell its over 20 % stake in e-commerce major Flipkart to United States retailer Walmart for an estimated $ 4 billion. “SoftBank confirms the sale of its entire stake 63

12 May, 2018 4:03 PM ADNOC to buy stake in Ratnagiri refinery

Saudi Armaco already owns 50% stake After Saudi Aramco, Abu Dhabi National Oil Company (ADNOC) will pick up stake in the planned $44-billion refinery-cum-petrochemical project in Maharashtra. An initial agreement for ADNOC taking stake is slated to be signed in UAE on Sunday, official sources said. Saudi Aramco, the world’s largest oil producer, had last month 10

11 May, 2018 6:43 AM SoftBank undecided on exiting Flipkart

Japan’s SoftBank Group Corp has not yet decided to sell its 20-22 % stake in Flipkart to US retailer Walmart Inc, sources said. SoftBank’s Masayoshi Son will take a call in the next 7-10 days on whether to exit India’s biggest online retailer or stay invested. Walmart had on Wednesday announced that it will pay about $ 16 billion to buy 77 % stake in Flipkart 30

27 April, 2018 11:49 AM Sensex jumps 250 points, Nifty close to 10,700-mark

New Delhi: The key Indian equity indices on Friday closed in positive territory due to firm global cues and robust buying in banking and capital goods stocks. The BSE Sensex rallied 256.10 points to end at 34,969.70 while the Nifty gained 74.50 points to 10,692.30. Healthy earnings reported in the banking sector for the January-March quarter boosted 55

25 April, 2018 11:43 AM Listed foreign funds pull out $91 mn from India

India witnessed an outflow of USD 91 million from listed foreign funds in 2017-18 after an infusion of USD 3.8 billion in the preceding fiscal, according to a report by Kotak. The listed funds -- passive exchange-traded funds (ETFs) and active non-ETFs -- account for a large part of foreign portfolio investor (FPI) activity in India. As per the Kotak 43

22 April, 2018 8:42 AM Tax-Saving FDs: SBI Vs ICICI Bank Vs HDFC Bank Vs Axis Bank

Major banks like State Bank of India (SBI), ICICI Bank, HDFC Bank and Axis Bank offer the option of income tax-saving fixed deposits. With effect from April 20, HDFC Bank revised interest rates on its tax-saving fixed deposits. With effect from april 17, ICICI Bank revised interest rates on tax-saving fixed deposits. Tax-saving fixed deposits (FDs) help you claim 51

21 April, 2018 3:03 PM ‘Walmart, Flipkart deal very soon’

Purchase of new equity likely to value e-commerce firm at at tleast $18 billion Walmart Inc. could seal a deal to buy a more than 51% stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said. The U.S. retail giant has been in talks with Flipkart for months to acquire a controlling stake in the firm as it looks 42

18 April, 2018 4:18 PM Aspira Pathlab & Diagnostics' board meeting on April 21, 2018

1. To increase authorized capital and alter Memorandum and Article of Association of the Company. 2. To issue equity shares on a preferential basis, in one or more tranches to group of Strategic investor, not forming part of promoter & promoter group, as per the applicable laws including SEBI regulations, subject to the approval of the Members of the Company 57

15 April, 2018 4:34 PM Time ripe for Kotak to move on mergers

Asia’s richest banker has a rare chance Uday Kotak has a rare opportunity to scale up. Asia’s richest banker has long had an eye on Axis Bank. Now, a leadership void could make it easier to forge a union with his own Kotak Mahindra to create a $54 billion Indian banking giant. A deal would allow the tycoon to lead consolidation and help him meet new ownership 42

12 April, 2018 5:04 PM Advance tax payment hits AUM of MFs: ICRA

As firms redeem investment to pay tax The assets under management (AUM) of mutual funds (MFs) declined to ₹21.36 lakh crore in March from ₹22.20 lakh crore in the previous month even as the overall AUM registered a rise of 21.7% in the financial year 2017-18, according to the Association of Mutual Funds in India (AMFI). The month-on-month decline “mostly 36