BLOCK Financial News

17.08 / 05:33
UPS Target BLOCK Chase BAY Noble Helium, Cygnus Metals rattle the tin
Listed microcaps Noble Helium and Cygnus Metals were among a small group of Thursday’s raising candidates, as the reporting season kept chunkier at bay.
17.08 / 04:37
BLOCK Apple Highways After tomato, apple prices likely to soar due to rain fury in Himachal Pradesh
₹1, 000 but now due to the rain, it is ₹2,000-3,500, the shop owner added. Besides, due to the bad conditions of highways, farmers are packing the fruits in the same trucks, leading to quick rotting. Mohammad Imran, the owner of a fruit shop in Azadpur Mandi said the existing supply of apples is over.
17.08 / 04:13
UPS FIVE BLOCK Power share price stake Adani Power share price rallies over 3% as GQG Partners picks 8.1% stake
₹288.25 apiece on the BSE. GQG Partners bought 31 crore shares of Adani Power in the largest ever secondary market equity deal.
17.08 / 03:25
BLOCK Citizens Lost 500 Himachal Pradesh news: ₹7,500 crore lost due to hostile weather, rain, landslide; top points
₹7,500 crore. Let's delve into the key updates stemming from these distressing events. In a devastating turn of events, at least 71 lives have been tragically claimed by rain-related incidents over the past three days in Himachal Pradesh, as revealed by state officials to PTI.
17.08 / 01:57
UPS BLOCK Manufacturing Power Stocks in news: Adani Power, JSW Energy, IndiGo, Cipla, Religare
Adani PowerGQG Partners along with other investors picked up 8.1% in Adani Power in a $1.1 billion deal.JSW EnergyGQG Partners Emerging Market Fund bought 10,284,024 shares or 0.6% stake in JSW Energy at Rs 341.70 apiece for Rs 351 crore.Read more: What changed the market while you were sleepingIndiGo The family of IndiGo's co-founder Rakesh Gangwal has sold partial stake in the budget carrier through bulk deals on Wednesday.CiplaThe FDA, Konkan Division, has ordered for suspension of FDA license issued to the company's manufacturing unit at Patalganga (Unit II) for a period of 10 days in December 2023 for non-conformance of good manufacturing practices.Religare EnterprisesInvestment Opportunities fund has sold 2.45 crore shares in the company through block deals on Wednesday.IIFL SecuritiesHamblin Watsa Investment Counsel has sold 1.2 crore shares or 3.9% stake in IIFL Securities in a block deal on Wednesday.Future RetailThe resolution professional of Future Retail has approached NCLT, seeking a further extension till September 15 to complete the corporate insolvency resolution process of the debt-ridden firm.Amara Raja BatteriesAmara Raja Batteries plans to expand into the two-wheeler electric vehicle market, first through chargers and then batteries, as part of an expansion to triple its lithium-ion business this financial year.LupinLupin said it has received approval from the US health regulator to market its generic Bromfenac Ophthalmic Solution used to treat post-operative inflammation in patients who have undergone cataract surgery.
17.08 / 01:57
BLOCK Enterprise Deloitte Power stake Adani Power promoters sell 8.1% stake for $1 billion
promoter entities of Adani Power Ltd sold shares worth more than ₹8,710 crore (over $1 billion) to US-based investment firm GQG Partners, its co-investors, and others on Wednesday in block deals. Worldwide Emerging Market Holding Ltd and Afro Asia Trade and Investments Ltd, the two promoter entities, together sold 312 million shares translating to an 8.1% stake. Adani Power, the thermal power generation arm of the Adani Group, closed 2.3% lower at ₹279.30 on the BSE Wednesday.
16.08 / 23:07
BLOCK CEO Mobile Telstra country 2024 Australia's Telstra sees higher core earnings in fiscal 2024
(Reuters) — Australia's Telstra (OTC:TLGPY) on Thursday forecast higher underlying core earnings after it posted a 14% jump in annual profit, riding on strong growth in its mobile business and an increase in postpaid prices.
16.08 / 21:43
UPS BLOCK Platform BAY BASF Boardwalk settlement New Jersey OKs slightly better settlement over polluted land where childhood cancer cases rose
New Jersey has accepted a revised settlement over chemical dumping that turned a Jersey Shore community into one of America’s most notorious toxic waste cleanup sites
16.08 / 19:31
FIVE BLOCK Aware Enterprise Power stake Adani family sells $1.1 bn power arm stake to GQG
MUMBAI : The promoters of Adani Group on Wednesday raised around ₹9,000 crore by selling 8.1% of their holding in the energy-generation arm Adani Power Ltd, marking billionaire Gautam Adani’s largest equity capital-raising through a share sale in a single entity. After amassing stakes worth at least ₹26,445 crore ($3.18 billion) in multiple Adani group firms through secondary market transactions since March, India-born Rajiv Jain-led investment management firm GQG Partners Llp bought an additional stake worth over $1.1 billion from the promoters of Adani Power.
16.08 / 18:53
Target BLOCK Aware Manufacturing stage country WTO Centre Protectionism to take centre stage at Abu Dhabi WTO meet
NEW DELHI : A record number of World Trade Organization (WTO) members have raised concerns about rising protectionist moves in global trade, propelling the issue to centre stage at the 13th WTO Ministerial Conference (MC13) in Abu Dhabi in February, an official aware of the development said. Many developing nations, including India, are set to oppose the European Union’s (EU’s) carbon border adjustment mechanism (CBAM) that aims to tax imports of carbon-intensive products such as steel, aluminium, cement, and electricity. The EU is also expected to file a complaint against the US’s Inflation Reduction Act because the $430 billion subsidy to manufacturers of green technology will distort international prices and is against WTO norms.
16.08 / 18:43
BLOCK Aware COMPOSITE Discover stage country Critical mineral explorers may get revenue share over 50 years
NEW DELHI : Miners discovering critical and deep-seated minerals may be allowed a revenue share from the block over the entire 50-year lease period, two people aware of the plans said. Miners may also be given the right to carve out as many mineral blocks from the prospected areas that would be auctioned for mining lease later, ensuring recurring returns for the standalone mining entity over the life of different mines with varied mineral deposits.
16.08 / 18:33
BLOCK stake Fairfax offloads 5.9% stake in IIFL Securities for ₹118 crore
₹118 crore through open market transactions. The stake was sold by Hamblin Watsa Investment Counsel Ltd (HWIC) Asia Fund, an affiliate of Fairfax Financial Holdings, in two transactions on NSE and BSE.
16.08 / 18:33
UPS BLOCK Aviat Airlines Southern JSW Energy, IndiGo promoters pare stakes in large bulk deals
₹717.6 crore in a bulk deal, according exchange filings. GQG Partners alone bought almost 1% stake or 16.7 million shares in JSW Energy for ₹571.4 crore, while a bunch of other investors bought the remaining stake. The energy firm’s shares touched an intraday high of ₹369.90 apiece before closing 6% up at ₹368 apiece on the BSE.
16.08 / 18:13
Twitter BLOCK Waters Platform RIG country Offshore drilling rig arrives in Lebanese waters ahead of work near the border with Israel
Lebanese Cabinet ministers say an offshore drilling rig has arrived at its destination in the Mediterranean Sea off Lebanon’s coast and will start its search for gas in the coming weeks
16.08 / 17:13
UPS FIVE BLOCK Waters HP rains: Death toll climbs to 71; 'mountain-like challenge' before state, says CM Sukhu
Himachal Pradesh after devastating rains pounded the state, with Chief Minister Sukhvinder Singh Sukhu terming the work of rebuilding infrastructure a «mountain-like challenge». The death toll from landslides and flashfloods jumped on Wednesday as rescuers pulled out more bodies from the rubble of collapsed buildings, officials said. Heavy rains have battered the hill state since Sunday, triggering landslides in several districts including Shimla where three areas — Summer Hill, Fagli and Krishna Nagar — are badly hit by landslips.
16.08 / 16:59
FIVE BLOCK Bulk & Block Deals on August 16: IndiGo, Religare, JSW Energy, others exchange hands; check buyers & sellers
Adani Power, IndiGo, Religare, JSW Energy, among others witnessed heavy and selling on BSE during Wednesday's trading session. These stocks were in focus accordingly. US-based boutique investment firm GQG Partners Emerging Market Fund bought equity shares of both Adani Power and JSW Energy though block deal today.
16.08 / 15:53
BLOCK open stake GQG Partners buys 0.6% stake of JSW Energy in open market for ₹351 crore
Economic Times. According to the report, the GQG Partners Emerging Market Fund bought a 0.6 percent stake or 10,284.024 shares of JSW Energy at ₹341.70 apiece for ₹351 crore.
16.08 / 14:27
UPS BLOCK Airlines Strategy MSCI performer Deal stake IndiGo's Gangwal family offloads 2.9% stake in Rs 2,800 crore deal
IndiGo co-founder Rakesh Gangwal has sold partial stake in the budget carrier through bulk deals on Wednesday.Sobha Gangwal, wife of Rakesh Gangwal, has offloaded 1.15 crore shares or 2.99% stake in the company at a weighted average price of Rs 2,426, which is about 5% discount from Monday's close. Through the sale, the family earned nearly Rs 2,800 crore. Rakesh Gangwal and his wife, Shobha Gangwal, held about 13.23% and 2.99%, respectively, in IndiGo at the end of June quarter, while their Chinkerpoo Family Trust holds a 13.5% stake, according to exchange data.
16.08 / 14:17
BLOCK Aware country Explainer Mint Explainer: What is the battle over BRICS common currency?
international trade and finance. – Some experts have speculated that a BRICS currency may grow to challenge the dollar’s eminence in the global economy.

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