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climate change by reducing dependency on fossil fuel-based energy, lowering the carbon footprint, and manufacturing green steel. “This collaboration perfectly describes our commitment towards clean and green energy solutions, which not only aligns with our goals towards climate change and sustainable development but also significantly benefits the steel manufacturing unit by reducing CO2 emissions and costs, enhancing sustainability, and contributing to carbon neutral goals by producing green steel," said Dilipkumar Pachpande, managing director, Sanyo Special Steel Manufacturing India.

The country’s largest locomotive manufacturer and its striking union workers have reached a tentative agreement that could end a two-month strike that saw about 1,400 people walk off the job at its Pennsylvania plant

Low-price, easy-to-use Chromebooks were once a boon to cost-conscious schools. Educators say the simple laptops are no longer a good deal. Models have shot up in price in the past four years.

₹947 crore ($114.7 million), news agency Reuters quoted exchange data. Part of Japan's SoftBank Group, the venture capital sold 100 million shares at 94.7 rupees apiece in bulk deals, the report added. According to the data from the National Stock Exchange, the firms who bought Zomato shares include International Monetary Fund, Morgan Stanley Asia Singapore, Societe Generale, Goldman Sachs (Singapore), Invesco Mutual Fund and Kotak Mahindra Life Insurance.

SoftBank sold a partial stake in food delivery platform Zomato through bulk deals on Wednesday. The transaction was done at Rs 94.7 apiece, taking the deal value to Rs 947 crore. According to exchange data, SoftBank Vision Fund has offloaded 10 crore shares or 1.17% stake in the company as the lock-in for the post-Blinkit deal ended this week.

Jio Financial Services hit the 5% upper circuit on Wednesday following a likely block deal in pre-market trade wherein 12.7 lakh shares of the company changed hands. The development invited a strong investor response with over 1.58 crore shares trading on the NSE in the opening trade. The block deal reported by ET NOW is the second in a row and follows a deal on Tuesday which saw 0.8% equity changing hands.

Zomato jumped 5% to day's high of Rs 99.60 on a likely block deal in the pre-opening trade on Wednesday which saw 1.16% stake changing hands. ETNow reported at least six block deals involving 10 crore shares getting transacted. Japanese technology investor SoftBank Vision Fund is expected to have offloaded its shares in the food and grocery delivery company.

Zomato share price jumped over 5% in early trade on Wednesday after a block deal in the food delivery giant. Zomato shares rallied as much as 5.12 to ₹99.50 apiece on the BSE. Around 10 crore Zomato shares, aggregating to 1.17% stake in the company, changed hands at an average floor price of ₹94.70 apiece in a block deal on the bourses.

Private-capital backed mine site power business Zenith Energy has lined up a $320 million debt deal from a mix of existing and new lenders, as APA Group’s $1.7 billion acquisition of Alinta’s West Australian remote power assets kicks up interest in the sector.

₹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!

Catalent (NYSE:CTLT) is reportedly nearing a settlement with activist investor Elliott Investment Management.

Genesis Global and its parent company Digital Currency Group have reached an in-principle agreement with Genesis' creditors to resolve claims brought during the crypto lender's bankruptcy, a court filing showed on Tuesday. The plan could lead to a recovery of about 70%-90% in US dollar equivalent for unsecured creditors and about 65%-90% recovery on an in-kind basis depending on the denomination of the digital assets, according to the filing in the US bankruptcy court in the Southern District Of New York. The deal includes a payment of about $630 million in unsecured loans due in May 2023 and a $1.1 billion unsecured promissory note due in 2032, along with some other potential claims. Genesis filed for bankruptcy in January owing at least $3.4 billion to creditors and reached an agreement in principle on a restructuring plan, supported by Digital Currency Group, and its primary creditors, including Gemini, in February.DCG, owned by Barry Silbert, owns a portfolio of crypto companies in addition to Genesis, including crypto news and events site CoinDesk and New York-based Grayscale, a major digital asset manager.

₹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.

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.

SJVN shares rose 5% and hit a 52-week high at Rs 63.8 in Tuesday's trade on BSE after the firm's wholly owned subsidiary received the letter of award from Assam Power Development Corporation Limited (APDCL). «SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of the company, has received a Letter of Awards from Assam Power Development Corporation Limited (APDCL) for three solar power projects of cumulative capacity 320 MW,» the company said in an exchange filing. SGEL had participated in three separate tariff-based competitive bidding tenders of APDCL i.e. 50 MW, 70 MW and 200 MW. The 50 MW and 70 MW projects are under the solar park category and have been allotted at a tariff of Rs 3.92/Unit. While the 200 MW project is to be developed anywhere in Assam and has been allotted at a tariff of Rs 3.90/Unit, SJVN said. These three solar power projects shall be developed on Build Own and Operate (BOO) basis.

SoftBank-backed British semiconductor and chip manufacturer Arm will start investor meetings next week, ahead of what is slated to be the year’s biggest initial public offering.

Goldman Sachs on Monday said it has struck a deal to sell part of its wealth business to an independent wealth manager, part of a strategy refresh which is seeing the bank exit some businesses and focus its wealth offering on targeting the super rich. The Wall Street bank, which did not disclose the sale price, said the sale to Creative Planning LLC is expected to close in the fourth quarter and result in a gain. The latest sale is part of a shift in strategy after CEO David Solomon reorganized the firm into three units last year and scaled back ambitions for its consumer business, which lost $3 billion in the last three years. Goldman bought the registered investment adviser (RIA), formerly known as United Capital Financial Partners, for $750 million in 2019 when it managed about $25 billion in funds. Creative Planning has more than 2,100 employees across its affiliates and $245 billion in combined assets under management and advisory. The RIA business was relatively small in size compared with Goldman's core business that focuses on the super rich. Goldman's private wealth arm oversees $1 trillion in assets for ultra-high net worth clients, who have $60 million or more in investable assets. High net worth individuals — who would fall within the business Goldman is considering selling — typically have about $1 million to $10 million to invest Marc Nachmann, Goldman Sachs global head of Asset & Wealth Management, told Reuters the current strategy is to invest more on its core businesses such as ultra-high net worth and workplace growth strategy including the proceeds from the sale. «We think there's a lot of space for us to grow.

By Peter Frontini

(Reuters) -The U.S. Federal Trade Commission (FTC) has suspended its challenge of Amgen (NASDAQ:AMGN)'s $27.8 billion purchase of Horizon Therapeutics (NASDAQ:HZNP), allowing the FTC to consider whether the agency should settle the case, a filing late on Friday showed.

Why Reliance AGM Is Such A Big Deal For Markets? M...

Tiger Global, through its affiliate Internet Fund III Pte, has exited food delivery platform Zomato by selling its entire stake via bulk deals on Monday. Under the transaction, the US hedge fund has offloaded 12.3 crore shares or 1.47% stake in the company on BSE at Rs 91.01 apiece, earning about Rs 1,123 crore. Marquee funds, including Axis Mutual Fund, Goldman Sachs, Citigroup, Morgan Stanley Asia, and Societe Generale were among the buyers in the transaction. Meanwhile, another Russia-based fund Apoletto Asia has sold 3.19 crore shares in a separate deal on NSE, according to exchange data. Earlier, it was reported that Japanese tech giant SoftBank was likely to offload Zomato shares as the lock-in for the post-Blinkit deal ended on Friday. Zomato issued fresh equity shares to all the selling shareholders of Blinkit as consideration for the M&A last year.