BLOCK Financial News

TPG Asia on Thursday sold its entire stake in wire and cable manufacturer RR Kabel through block deals, according to exchange data. TPG Asia offloaded about 5% stake or just over 56 lakh shares at around Rs 1,701 apiece. This valued the deal at around Rs 958 crore.

Lebanon's caretaker economy minister says the country's rulers, fuel companies and private electricity providers have blocked an offer by gas-rich Qatar to build three renewable energy power plants to ease the crisis-hit nation’s decades-old electricit...

TPG Asia is selling its entire stake in wire and cable manufacturer RR Kabel through a block deal on Thursday to raise Rs 957 crore ($114.9 million), according to a term sheet reviewed by ET. TPG Asia holds a 5% stake in the company as of the end of March 2024, according to BSE filings. The PE firm acquired a 21% stake in RR Kabel five years before the IPO that was launched in the second half of 2023, and since then, it has been consistently pruning its stake.

private equity firm General Atlantic Singapore is likely to sell up to 6.8% equity in KFin Technologies at an estimated floor price of Rs 712.5 per share, which is a 4% discount. The total deal size, including the green shoe option, is 1.17 crore, moneycontrol.com reported, citing CNBC TV18. The base issue size is set at Rs 500 crore and can be upsized to Rs 833.3 crore, the report said citing sources.

TPG Asia is reportedly selling its entire stake in wire and cable manufacturer RR Kabel through block deals. According to media reports, TPG Asia will offload about 5% stake or just over 56 lakh shares at around Rs 1,718 apiece. This values the deal at around Rs 1,000 crore.

Star Walk' claimed in an article published on April 25, 2024, that six planets, including Jupiter, Mercury, Uranus, Mars, Neptune and Saturn can be seen aligned in a straight line on June 3, too much hype and hoopla was created. At a time when people, particularly those in the US, scramble to watch the rare astronomical spectacle, the news is coming that may dampen the spirit of euphoria. Now experts say they will not all be visible from Earth with the naked eye.

Stock market today: PNB Housing Finance share price witnessed heavy selling in the early morning session. PNB Housing Finance share price today opened downside at ₹744 apiece on NSE and touched an intraday low of ₹724 per share, recording an intraday loss of nearly 8 percent in the morning session. However, the housing finance share witnessed some bottom fishing and recovered some lost ground during the noon session.

Timken Singapore PTE sold shares of Timken India worth 1,956 crore in a block deal on BSE on Tuesday. The promoter sold 50 lakh shares at 3,913.35 apiece. Timken Singapore PTE owned 57.70% stake in the company as of March 31.

Karnataka Congress President D K Shivakumar on Tuesday said that the party leadership is in a «difficult position» as there are more than 300 ticket aspirants for the upcoming legislative council elections in the state. Shivakumar, who is also the state's deputy chief minister, said the party high command will decide on the tickets. Biennial elections to 11 seats of the Karnataka Legislative Council to be elected by Members of the Legislative Assembly will be held on June 13. As per the existing strength of parties in the assembly, the Congress can win 7 seats, the BJP three and JD(S) one seat. Chief Minister Siddaramaiah and Shivakumar today left for New Delhi to discuss candidates with the Congress high command. The schedule for filing nominations for the MLC election has already begun, and it will go on till June 3.

equity indices closed in the red for the third straight session on Tuesday in a highly volatile market, amid profit booking and pressure from index heavyweights Reliance Industries and banking stocks. The BSE Sensex declined 220 points, or 0.29%, to settle at 75,170. Meanwhile, the broader NSE Nifty dropped 44 points, or 0.19%, to end at 22,888.

₹147.65 after a 5 percent stake in the firm changed hands via a block deal at a floor price of ₹151, a discount of 8 percent from the previous close. The stock has rallied 460 percent in the last 1 year.According to media reports, approximately 1.69 crore shares of the firm were traded, resulting in a turnover of ₹257.61 crore on the BSE. The identities of the buyers and sellers have not been disclosed.

surplus dividend transfer by the Reserve Bank of India (RBI) to the government stoked expectations of lower North Block borrowing — and, consequently, a narrower FY25 fiscal gap. A fall in government bond yields lowers borrowing costs across the economy as sovereign debt yields are the benchmarks for determining the price of corporate borrowing.

For example: PPF account opened on 01st April 2008, 01st August 2008, 01st January 2009 and 31st March 2009 will all have the same maturity date of 31st March 2024 whereas the PPF account opened on 01st April 2009 will have the maturity date of 31st March 2025.Also Read: Public Provident Fund (PPF) among six investment options for single mothersThere are three options at the time of maturity of PPF account. Before discussing these options, let’s create an illustration as well.Mr. Superman opened his PPF account in January 2009.

Nazara Technologies share price rallied over 11.50 per cent on Monday to ₹685 per share, hitting 52-week high after the company said that the promoter Mitter Infotech sold 6.38 percent stake to Plutus Wealth Management through a block deal, on May 27. Plutus Wealth Management has been a pre-IPO investor in Nazara Technologies since 2020.“The Block Trade will provide liquidity for the promoters who have dedicated 25 years to the Company’s growth.

The remains of an unknown soldier who fought during World War One was returned from France to his home in St. John’s Newfoundland Saturday.

department of telecommunications (DoT) and mobile operators devised a system that can identify and block spoof international calls showing up as Indian numbers. Through this, the government and telcos are seeking to give relief to mobile users who have been getting such calls from cyber criminals posing as police officials, courier company workers and even DoT and Trai officials. Hoax international calls originate outside the country, but cyber criminals manipulate the calling line identity (CLI) to make such calls appear as originating within India. The DoT has directed telecom carriers to block such calls.

telecom operators to block all incoming international spoofed calls that display Indian mobile numbers, an official statement said on Sunday. The Department of Telecom (DoT) said that it has been reported that fraudsters are making international spoofed calls displaying Indian mobile numbers to Indian citizens and committing cyber-crime and financial frauds. Such calls appear to be originating within India but are being made by cyber-criminals from abroad by manipulating the calling line identity (CLI) and have been misused in recent cases of fake digital arrests, FedEx scams, drugs or narcotics in courier, impersonation as government and police officials, disconnections of mobile numbers by DoT or TRAI officials, etc. «DoT and Telecom Service Providers (TSPs) have devised a system to identify and block such international spoofed calls from reaching any Indian telecom subscriber. Now directions have been issued to the TSPs for blocking such incoming international spoofed calls,» the statement said.

financial fraud. These calls seem to originate from within India but are actually made by cyber-criminals abroad who manipulate the calling line identity (CLI).

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fire broke out at a building in Delhi's Krishna Nagar at around 2 am on Sunday, May 26. Seven people were rescued safely by the DFS unit.All three injured persons have been shifted to a nearby hospital for treatment, according to a report published by newswire ANI.This is the second fire accident in Delhi since Saturday night. Yesterday, a massive fire broke out at a children's hospital in Delhi's Vivek Vihar area that claimed seven newborn babies's lives and injured five other kids.

Delhi's Vivek Vihar area on Saturday night, said officials as quoted by newswire ANI.The official stated that at least 12 newborn babies were rescued from the fire, of which six died, one is on ventilator, and the remaining five kids have been admitted to hospital for treatment.At 11:32 p.m., the fire services received a call regarding the incident. Nine fire tenders immediately rushed to the spot.“A fire call from Baby Care Centre, near ITI, Block B of Vivek Vihar area was received. A total of nine fire tenders were dispatched," said Delhi Fire Services (DFS) chief Atul Garg as quoted by newswire PTI.The cause of the fire incident is yet to be ascertained.The incident comes on a day at least 27 persons were killed in Gujarat's Rajkot city when a massive fire swept through a crowded game zone and the building collapsed.