Looks to raise another Rs 3000 cr from QIP

reliance infrastructures rinfra

Stock Market LIVE Updates: Indian equity benchmark indices pulled back from their record highs but were still trading higher on Friday's session.

Stock Market, BSE, NSE, Nifty, Capital

The US Federal Open Market Committee on Wednesday voted to cut the federal funds rate target range by 50 basis points to 4.75-5.00 per cent from 5.25-5.50 per cent

V Anantha Nageswaran, Nageswaran, Anantha

Deal activity in India has rebounded, with 643 deals worth $17.1 billion recorded in the first half of 2024. Investors are eyeing sectors like consumer, retail, healthcare, and technology.

Private equity

Indo National Ltd, the manufacturer of consumer electrical products and dry cell batteries under brand Nippo, on Tuesday, announced to divest its entire 51 per cent stake in Kineco Ltd, a composites manufacturer, for Rs 220 crore.
The Chennai-based manufacturer plans to deploy the funds in new-age enterprises, aerospace and defence industries, as well as across diverse categories of the fast-moving consumer goods sector, according to a statement.
"The board of directors decided to sell its 51 per cent stake in Kineco Limited to a consortium of investors for a consideration of Rs 220 crore," it said.
Indo National is the second-largest player in the dry cell industry, with a production capacity of 800 million batteries per annum. Besides it also has a presence in consumer electricals and torchlights manufacturing.
In 2016, the company invested in Kineco, a key composites business offering a wide range of products and processing technologies for defence, railways and industrial ...

Divestment

The Honor Pad X8a is priced at Rs 12,999 and is available for purchase on the Explore HONOR e-Store and the e-commerce platform Amazon India

Honor Pad X8a

LIC has appointed Boston Consulting Group as a consultant

"Legacy" planes have been part of Air India's fleet before the Tata Group, after privatisation, took control of the airline in January 2022

Air India

Inbound shipments into the country rose 3.3 per cent to $64.4 billion during the month, leading to a trade deficit of $29.65 billion

The Economic Survey on Monday cautioned that growing exports will be a “stiffer challenge than before” due to the risks of geopolitical tensions, rise in protectionism, higher trade cost because of the Red Sea crisis, and commodity price volatility.

The two immigration pathways of migrating abroad are the Golden Visa and Golden Passport. There are some differences, even though they are generally the same and occasionally used interchangeably

Passport

WHO Director-General Tedros Adhanom Ghebreyesus on Friday highlighted the critical role of food regulators in combating unsafe food, which causes 600 million cases of foodborne diseases and 4,20,000 deaths annually.
In a video message to the second Global Food Regulators Summit in Delhi, Ghebreyesus said, "Our food systems are facing increasing challenges due to climate change, population growth, new technologies, globalisation and industrialisation."
He revealed that 70 per cent of fatalities from unsafe food occur among children under five.
"The food regulator community has a critical role to play in addressing these global challenges," the WHO Chief said, emphasising the need for coordinated efforts as over 3 million people cannot afford a nutritious diet.
Ghebreyesus stressed that collaboration is essential to ensure safe and accessible food for all, as food systems cross borders and continents.
Union Health Minister J P Nadda, Food Minister Prahlad Joshi, Health Secretary and

Tedros Adhanom Ghebreyesus, Tedros, Tedros Adhanom, WHO

Today is the last date for online registration for the IIM CAT 2024. Candidates who still haven't applied can apply through the official website by 5 pm

students

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Golden Visa, or Golden Passport, and how to choose the best country option?

Unsafe food causes 600 mn illnesses, 420K deaths annually: WHO chief

CAT 2024: Last date today to apply for IIM CAT, here's how to apply

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