BLOCK Financial News

SoftBank Vision Fund is expected to offload around 10 crore shares in food and grocery delivery company Zomato on Wednesday, representing around 1.17% stake, according to sources. The block deal is expected to be worth approximately Rs 940 crore, indicating that SoftBank will sell the shares at Rs 94 apiece. As of June 30, SoftBank Vision Fund held over 28.71 crore shares in Zomato, representing 3.35% stake.

By Clark Mindock

The head of big bank ANZ has said the federal government’s intervention in blocking Qatar Airways flights to keep the national carrier Qantas profitable was “disturbing”.

Listed billing software business Hansen Technologies’ managing director and heir Andrew Hansen was out shopping a $37.8 million slice in the company after market close on Tuesday.

The first bitcoin spot ETF is potentially closer to hitting the market after an appeals court ruled in favor of Grayscale in a highly anticipated case with the U.S. Securities and Exchange Commission (SEC) Tuesday.

Grayscale Investments LLC moved closer to launching a spot-based bitcoin exchange-traded fund in the U.S., a potential watershed moment in the cryptocurrency industry’s quest to tap billions of dollars from everyday investors.

MUMBAI : SoftBank’s Svf Growth (Singapore) Pte. Ltd is set to divest a 1.17% stake in Zomato Ltd on 30 August. The deal is expected to fetch ₹940 crore ($114 million) for the Japanese investor.

Leaders of traditional companies across industries may be hearing a lot about the unique versatility and security of blockchain technology and wondering what role it could play in their own businesses. With many pundits proclaiming Web3 and decentraIization to be the future of business and financial transactions, there is likely a sense of urgency behind at least better understanding the possible benefits.

₹940 crore, while shares were sold at ₹94 per share.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

(Reuters) — The U.S. government on Tuesday selected the first 10 drugs, including the big-selling blood thinner Eliquis from Bristol Myers (NYSE:BMY) Squibb and Pfizer (NYSE:PFE), that will be subject to the first-ever Medicare price negotiations, part of President Joe Biden’s Inflation Reduction Act (IRA) that drugmakers and industry groups have challenged in court.

By Katie Paul and Steve Scherer

On August 25, former FTX CEO Sam Bankman-Fried's attorneys filed a new motion seeking his "temporary release" or, alternatively, requesting that he be allowed to meet with his defense team five days a week based on his right to assist in preparing his defense.

Dutch airline (CD), will implement exclusive “Only Adult” zones on its flights. By introducing this feature, Corendon aims to provide a tailored experience for travellers who prefer a child-free environment. The airline will pilot the no kids area on its 10-hour flights between Amsterdam and the Caribbean island of Curacao, charging passengers an additional 45 euros ($49) for a standard seat or $100 for an XL seat, for the privilege of sitting in the “Only Adult” zone. They will block the first 12 rows of the airline and will comprise of 93 standard seats and nine extra-large seats, curtained off from the rest of the aircraft, with a strict over 16s rule. “This zone in the aircraft is intended for travelers traveling without children and for business travelers who want to work in a quiet environment,” the airline said in a press release, adding that it would also benefit parents of young children who may worry less about upsetting other passengers. This is not the first time that an airline has introduced such rule.

TOKYO (Reuters) -Japan threatened on Tuesday to take China to the World Trade Organization to seek a reversal of Beijing's ban on all of its seafood imports after the release of treated radioactive water from the stricken Fukushima Daiichi nuclear power plant.

₹218.50 apiece on the BSE. According to an Economic Times report, around 0.8% equity of Jio Financial Services changed hands in the block deal. Jio Financial Services shares were also among the top gains on the Nifty index.

BRICS countries to reach an understanding with China on the issue of cross-border terrorism, said the State Bank of India (SBI) in a new research report. The report stated that there is a need for India and China to increase cooperation on issues like river water (Brahmaputra) data sharing, entry of Indian pharmaceutical companies into China, etc.

capital expenditure or capex as popularly known. Capex is crucial for companies' growth as it signifies investment in their future. With that in mind, let’s look at the companies that spent the most in capex in FY23 and are also investing heavily for the years to come.

Jio Financial Services (JFS) gained over 2% to day's high of Rs 216 on the NSE on Tuesday following a likely block deal that saw 0.8% equity changing hands. The price uptick was accompanied by strong volume action with over 4.21 crore shares on the block. The stock opened in the red and fell to the day's low of Rs 207 before making a U-turn. JFS shares were also the top Nifty gainers around 9:50 am and shot up after the news about the likely block deal was reported by ETNow. Since its addition to key indices on July 20 for a temporary period at a constant price of Rs 261.8, the stock has been on a losing spree and fallen in six out of seven trading sessions, excluding today's session.

NASA) has announced an annular solar eclipse in the United States that will be seen on October 14. It described the solar eclipse as a ‘ring of fire’ which will move from the US Oregon coast to the Gulf of Mexico. In a post on X, NASA wrote, "Save the date for a solar eclipse: On Oct.

The Mexican government says it has sent 1,200 more troops to the cartel-dominated western state of Michoacan after a weekend of violence

Virgin Australia chief executive Jayne Hrdlicka said allowing more competition from Qatar Airways would slash overseas fares by up to 40 per cent.