Deal Financial News

19.07 / 00:41

Provident LinkedIn Deal Shark Tank India S1 logs 41% deal close rate; Rs 17 crore deployed

Shark Tank India Season 1 aired on television, seven of the so-called sharks (investors) completed only 27 of the 65 soft commitments that they had agreed to deploy in startups that participated in the show, according to an analysis by PrivateCircle Research. And, in value terms, of the Rs 40 crore that these sharks had committed to invest, only 17 crore was invested till July 12, 2023, the analysis revealed. Shark Tank is a reality television show where entrepreneurs pitch their business models to a panel of investors.

19.07 / 00:41

COST UPS CEO NIFTY Deal LTIMindtree CEO Debasis Chatterjee says deal delays consistent across all business sectors

LTIMindtree in the June quarter, helping explain its underwhelming revenue and profit scorecard despite an encouraging order pipeline, but CEO Debasis Chatterjee believes stronger offshoring demand undergirded by cost efficiencies helped expand operating margins at the newest member of the elite Nifty 50 club. “We expected quite a few deals to close in Q1, but (those) got dragged into Q2,” Chatterjee told ET.

18.07 / 21:07

Citi Deal New York prosecutor begins crackdown on illegal cannabis shops with $400K deal with shop owner

Manhattan District Attorney Alvin Bragg says he and other city officials have begun cracking down on illegal cannabis shops

18.07 / 17:33

UPS Provident Lowe's BLOCK Manufacturing Deal Clarios ARBL sells entire 14% in Amara Raja Batteries via block deal; Kotak MF, Societe Generale pitch in as buyers

Clarios ARBL Holding has sold entire stake in battery maker Amara Raja Batteries through bulk deals on Tuesday. According to bulk deal data available with the exchanges, Clarios ARBL has offloaded about 2.39 crore shares or 14% stake in the company at a price of Rs 652.9. Further, Kotak Mutual Fund, Nippon India Mutual Fund, Sociere Generale, Tata AIA Life Insurance, Pinebridge Funds have picked up stake in the company, exchange data showed.

18.07 / 17:33

Deal exits As Russia exits from Ukraine grain deal, is global food security imperiled?

food security has been imperiled by the stopping of the concession to allow exports of food and fertilizer from Ukrainian ports to the rest of the world, said Pradeep S. Mehta, Secretary General of CUTS International. Mehta said that the Initiative on the Safe Transportation of Grain and Foodstuffs from Ukrainian Ports, popularly known as the Black Sea Grain Initiative, was signed by Türkiye, the Russian Federation and Ukraine in late July 2022.

18.07 / 17:11

UPS Provident Interface Deal India, Russia explore trade facilitation deal for quicker port clearance

Mint last week that India and the UAE have concluded a mutual recognition agreement of the AEO programme and that India is in discussions with the Russian Federation for a mutual recognition agreement or MRA. Signing MRAs is a key element of India’s efforts to step up ease of doing business in international trade. Revenue secretary Sanjay Malhotra told Mint on Saturday that simplification of taxation and facilitation of tax payers will remain a priority for the government.

18.07 / 15:53

Microsoft Deal Activision stake Berkshire Hathaway slashes Activision stake by 70% as Microsoft deal edges closer

Berkshire Hathaway has reduced its stake in Activision Blizzard by 70% as Microsoft seems poised to buy the maker of videogames.

18.07 / 14:55

UPS BLOCK CEO AGRO Deal stake Rekha Jhunjhunwala sells 5% in Rallis India via block deal; promoter Tata Chemicals buys additional stake

Rekha Jhunjhunwala has sold partial stake in Rallis India through block deals on Tuesday, while promoter Tata Chemicals has picked up those shares. According to data available with the exchanges, Rekha Jhunjhunwala has offloaded 97 lakh shares or nearly 5% stake in the company. The transaction was done at a price of Rs 215 apiece, fetching the investor about Rs 208 crore.

18.07 / 14:55

COST Reuters CEO Deal Morgan Stanley Q2 profit falls 14% on deal-making drought

macroeconomic uncertainties and subdued client activity, but ended with a more constructive tone". “The more promising tone and activity seen later in the quarter across many parts of our businesses is promising," Gorman said. Its revenue from investment banking was flat at $1.16 billion.

18.07 / 12:47

UPS Provident FIVE AXY TCS expansion Deal Amid slowdown forecast, Infosys wins $2 bn AI, automation deal expansion

market capitalization, late on Monday said that it has signed a mega deal with one of its existing clients. In an exchange filing, the company said that the deal to provide artificial intelligence (AI) and automation development, modernization and maintenance services is valued at $2 billion, and will be spread over the next five years. Details of the client were not disclosed.

18.07 / 12:43

UPS Target CEO Deal Morgan Stanley Q2 Results: Profit drops 18% as deal drought persists

quarter as Wall Street's deal-making drought stunted revenue from investment banking. Revenue from investment banking stood at $1.16 billion, in line with last year as Dealogic data showed global M&A activity fell 36% compared to a year ago.

18.07 / 11:59

UPS Deal Morgan Stanley profit drops 18% as deal doldrums persist

(Reuters) -Morgan Stanley's profit slipped 18% in the second quarter as Wall Street's deal-making drought stunted revenue from investment banking.

18.07 / 11:55

UPS Deal Bank of America’s investment banking fees edge up despite deal drought

Bank of America's investment banking fees edged up 4% during the second quarter despite a broader decline in advisory work that has hit rivals hard.

18.07 / 11:19

UPS MET Landmark Deal India-France joint statement after PM Modi's visit skipped mention of Rafale deal - Here's why

Narendra Modi met with his counterpart in Paris. The Defence Ministry greenlit plans to order 26 additional Rafale jets as well as another three Scorpene-class submarines, noting that price and other terms were still being worked out. Key details of the defence deal were however left out of a revised joint statement released in the wake of bilateral talks - even as it outlined a roadmap of bilateral ties till 2047.

18.07 / 10:43

UPS Provident Booking PayDay Deal Done deal: George Clinical sold for $500m after FIRB snag

George Clinical, the Sydney-headquartered contract research business, has rung up a big payday for its investors after Hillhouse Capital cleared deal-closure hurdles put up by the Foreign Investment Review Board.

18.07 / 07:47

companies liontrust GAM Deal GAM investor group makes counteroffer to Liontrust deal

The offer price represents a 31.9% to the closing price of the GAM shares yesterday (17 July), and a 29.1% premium on the offer made by Liontrust.

18.07 / 04:25

UPS BLOCK Manufacturing Drop Deal share price Amara Raja share price drop over 6% on block deal buzz

₹643.20 apiece on the BSE. According to reports, 2.72 crore equity shares, representing 15.9% stake in Amara Raja Batteries, changed hands in the block deal. The shares were sold at an average of ₹654 apiece, taking the total deal value to ₹1,788.3 crore, reports said.

18.07 / 04:09

Deal Infosys shares rise over 2% on mega deal worth $2 billion; check details

Infosys shares opened at ₹1,433.90 apiece on BSE. (more to come)Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

18.07 / 03:15

Microsoft Platform Sony Xbox Deal Activision Microsoft in talks to extend deal contract with Activision

Microsoft Corp is in talks about an extension of its acquisition contract with video game maker Activision Blizzard, which is set to expire on Tuesday, so the parties can overcome the remaining regulatory hurdles to their $69 billion deal, a person familiar with the matter said on Monday. The expiration of the contract would not automatically lead to the collapse of the deal, as it simply affords either company the right to walk away from the transaction.

18.07 / 03:03

Provident Target FIVE Deal Infosys signs $2 billion AI deal with existing strategic client. Details here

Technology services provider Infosys has announced entering into a framework agreement with one of its existing strategic clients in order to provide artificial intelligence and automation-led development. In an exchange filing on Monday, Infosys revealed that the agreement will also entail modernization and maintenance of services. It is expected to come with a total client spend target of around $2 billion in the next five years.

18.07 / 01:59

COST UPS MET Landmark Corning Deal Time Russia halts landmark deal that allowed Ukraine to export grain at time of growing hunger

Russia on Monday halted a breakthrough wartime deal that allowed grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat and high food prices have pushed more people into poverty.Kremlin spokesman Dmitry Peskov said the Black Sea Grain Initiative would be suspended until demands to get Russian food and fertilizer to the world are met. An attack Monday on a bridge connecting the Crimean Peninsula to Russia was not a factor in the decision, he said. «When the part of the Black Sea deal related to Russia is implemented, Russia will immediately return to the implementation of the deal,» Peskov said.

Deal Financial News

popular questions about Deal

What is Deal and why is it gaining attention?

Where can I find the latest updates on Deal?

How can I verify the accuracy of information on Deal?