Deal Financial News

₹175.12, Graviton Research Capital sold 8,03,344 shares at an average price of ₹174.14, NK Securities Research Private Limited sold 4,00,526 shares at an average price of ₹174.82 and QE Securities Ltd sold 3,43,669 shares at an average price of ₹175.45 in HPL Electric & Power Ltd. While, Aakraya Research LLP bought 4,10,236 shares at an average price of ₹174.97, Graviton Research Capital sold 8,03,344 shares at an average price of ₹173.95, NK Securities Research Private Limited sold 4,00,526 shares at an average price of ₹174.71 and QE Securities Ltd sold 3,22,400 shares at an average price of ₹175.68 in HPL Electric & Power Ltd.

Mercer Global Advisors has acquired Macon, Georgia-based Day & Ennis, a registered investment advisor with 250 clients and $400 million under management.

Genus Power Infrastructures Ltd (Genus Power) experienced a significant surge on Wednesday's trading session. The small-cap stock has hit a 20% upper circuit on BSE.

City investment bank Numis has warned the deal slump will last the remainder of the year after its revenue declined over the past three months.

Johns Lyng Group has priced its $65 million placement at $5.15 a share or towards the top end of the bookbuild range.

A heated pay dispute between the NRL and its players is expected to escalate this week after a final offer from Australian Rugby League Commission chairman Peter V’landys was rejected.

A group of leading Swiss investors have joined the legal challenge to UBS's shotgun wedding with cross-town rival Credit Suisse, which was pushed through by the Swiss government in March.

Competition Commission of India (CCI) on Tuesday said it has cleared the proposed deal involving Concentrix Corporation and Marnix Lux. Concentrix Corporation is a US-based firm engaged in providing customer experience services.

Ukraine to export grain through the Black Sea, criticising what Moscow says are obstacles to its export of agricultural products.

Tesla is roaring back from a dismal 2022 as company shares, which have already doubled this year, were driven higher Monday by a spike in second-quarter deliveries

Business travel for Indonesians to Australia will be made easier in a bid to boost the economic partnership between the two countries following a deal struck between their leaders

bankers’ struggle for profits in the country. Housing Development Finance Corp.’s all-stock merger into HDFC Bank Ltd., which created one of the most valuable banks in the world, has about 18 advisers who got credit for a fee pool of just over $1 million, according to people familiar with the matter. Morgan Stanley and Bank of America Corp.

Pakistan's rupee jumped 4.8% against the dollar in early trade on Tuesday, in the first trading session after the country secured last-minute funding from the International Monetary Fund (IMF). The rupee stood at 273 to the dollar compared with the close of 285.99 on June 27.

EU antitrust regulators will decide by August 7 whether to clear Adobe's $20-billion bid for cloud-based designer platform Figma after a preliminary review, according to a European Commission filing on Monday. Photoshop maker Adobe sought EU approval last Friday.

Shah Rukh Khan when it ends in September, people aware of the matter said. “With the edtech platform in serious trouble, Shah Rukh’s team is also hesitant to continue the association with the brand,” one of the people said. Byju’s had signed up the Bollywood actor in 2017 for an annual fee of close to Rs 4 crore, and he has been the edtech platform’s most visible face ever since.

WASHINGTON (Reuters) — The U.S. Federal Trade Commission said on Monday it dismissed a complaint against Marlboro maker Altria Group (NYSE:MO) and e-cigarette maker Juul Labs that was brought after Altria's former acquisition of 35% of Juul.

Netflix has inked a contract with Greta Gerwig for her to both write and direct two films inspired by C. S. Lewis' beloved series, The Chronicles of Narnia.

The crypto exchange OKX has signed a sponsorship deal with the English football club Manchester City to become its “official sleeve partner.”

benchmark share index gained more than 6% on Monday in its first trading session after the crisis-struck country secured funding from the International Monetary Fund, with auto stocks rising on hopes import restrictions would be eased. Pakistan secured a $3 billion short-term financial package from the IMF on Friday, giving the South Asian economy some much-awaited respite as it teeters on the brink of default. «Today's gain in benchmark KSE 100 Index will likely to be highest in the history of Pakistan Stock exchange,» Topline Securities said in a tweet.

Russia's envoy to the United Nations in Geneva said there were no grounds to maintain the «status quo» of the Black Sea grain deal that is set to expire on July 18, the Russian news outlet Izvestia reported on Monday. In a wide ranging interview, envoy Gennady Gatilov told the outlet that the implementation of Russia's conditions for the extensions of the agreement was «stalling.» Those conditions included, among others, the reconnection of the Russian Agricultural Bank (Rosselkhozbank) to the SWIFT banking payment system.

Parenteral Drugs (India) have backed out of a deal to sell the stressed loans of the pharma company to National Asset Reconstruction Company (NARCL), after an external committee of one of the banks rejected the offer, saying it is «too low», according to people aware of the development.State Bank of India (SBI) and Punjab National Bank (PNB) had given loans to Parenteral Drugs, a contract manufacturer of liquid formulations which is undergoing corporate insolvency. A binding offer by NARCL for the pharma company had triggered a Swiss Challenge auction, following which SBI invited counter offers from other asset reconstruction companies (ARCs). The lenders, led by SBI, held a Swiss auction on June 16, and they even declared NARCL as the winning bidder, the people cited earlier said.