Share Market : Small Cap & Mid Cap stocks which can become multi-bagger
Sharekhan is positive on the Building Materials Sector and has identified six stocks to buy for up to 32% gains from their present levels. Three of the six stocks are…
Biocon Biologics inks acquisition deal of Viatris pharma for $3 billion
Biocon Biologics, a subsidiary of the publicly traded biopharmaceutical company Biocon Ltd, stated on Tuesday that it had completed the USD 3 billion acquisition of its partner Viatris’ global biosimilars…
IEX to consider shares buyback in board meet today
The board of directors of Indian Energy Exchange (IEX) is scheduled to meet today, Friday, to consider a proposal to buy back the company’s equity shares. So far in 2022…
Gautam Adani might raise $5 billion to overshadow high debt ratios
Gautam Adani intention to raise at least $5 billion in equity tries to address two of the most common critiques thrown at the Indian tycoon’s growing empire: high debt ratios…
Fintech SaaS firm Lentra raises funds worth $60 millions
Lentra, a supplier of cloud-based lending software, has secured $60 million in new capital headed by existing investors Bessemer Venture Partners and Susquehanna International Group (SIG) Venture Capital. Citi Ventures…
Collapse of $30 billion crypto exchange FTX explained
Not long ago, FTX was one of the largest cryptocurrency trading platforms in the world. The Bahamas-based crypto exchange, which was founded in 2019, rose to prominence quickly and was…
State-run OMCs incured consolidated loss of Rs 3805 crores in Q2
The decision to freeze retail petrol and diesel prices despite a sharp spike in crude oil prices has hurt state-run oil marketing companies (OMCs), which recorded losses for the second…
Tata Motors rolls out 50000 Electric Vehicles in India
Tata Passenger Electric Mobility, Tata Motors’ Electric Vehicles business, rolled out its 50,000th electric vehicle—a Nexon Electric Vehicles—from its factory in Pune, Maharashtra, becoming the country’s first automaker to do…
Facebook parent Meta Platforms reportedly planning large-scale layoffs this week
The Wall Street Journal reported on Sunday, citing people familiar with the matter, that Meta Platforms Inc. expects to begin widespread layoffs this week, affecting thousands of employees. An announcement…
Warren Buffett’s Berkshire Hathway reports $2.7 billion Q3 loss
Berkshire : Warren Buffett’s company recorded another loss, this time only USD 2.7 billion, due to a reduction in the paper value of its investment portfolio in the third quarter,…