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₹50 crore, marking its entry into the financial services sector as an aggregator. The investment includes ₹25 crore in equity and ₹25 crore in debt. Rediff.com will continue to operate as an independent subsidiary.

On the BSE, Supershakti Metaliks(down 15.69 per cent), Suryalata Spin(down 14.85 per cent), Diggi Multitrade(down 13.45 per cent), Alliance Int.(down 11.14 per cent) and Celebrity Fash(down 10.43 per cent) stood among the top losers in today's trade.

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Mint breaks down theissues that have fuelled this controversy. The Ola Maps controversy raises multiple issues. It has highlighted the plight of startups looking to take on Google's massive might, which not only dominates Maps but also accounts for over 90% of smartphones in the country.

Companies reward shareholders by way of dividend payment or share buybacks. Both are done from tax-paid reserves and company profits. Such payments are also used as tools of wealth distribution and efficient allocation of capital.

FMCG firm Adani Wilmar jumped 6.4% to Rs 370.7 in Friday's intraday trade on BSE after billionaire Gautam Adani's flagship entity Adani Enterprises on Thursday approved the demerger of the company's food FMCG business to Adani Wilmar. «It is believed that the proposed demerger will unlock the direct value of the demerged company’s shareholders into the resulting company and allow a focused strategy and specialization for sustained growth for enhanced value, which would be in the best interest of all the stakeholders and the persons connected with the aforesaid companies,» Adani Enterprises said in an exchange filing.

SA Tech Software listed on the NSE SME platform with a premium of 90% on Friday. The stock debuted at Rs 112.1 as against an issue price of Rs 59. Ahead of the listing, the company's shares were trading with a GMP of Rs 53 in the unlisted market.

Domestic benchmark index NSE Nifty fell 208.11 points to 24802.8, while the BSE Sensex traded 652.6 points down at 81214.95.

The NSE Nifty index traded 232.41 points down at 24778.5, while BSE Sensex was down 775.16 points at 81092.39 as of 10:34AM(IST)on August 02.

Titan, Hindustan Zinc and Delhivery. Apart from the above, companies like Britannia, Aeroflex Industries, IDFC, Infibeam Avenues, Ion Exchange, LIC Housing Finance, Lloyds Enterprises, NIIT, Samhi Hotels, Saregama will also declare their June quarter results.

Breakout stocks to buy or sell: The Indian stock market extended the bull trend for the fifth straight session on Thursday. The Nifty 50 index decisively conquered the psychological 25,000 peak. The 50-stock index took just 24 sessions to scale the last 1,000 points.

Titan, Hindustan Zinc, ITC, SpiceJet, Zomato among others will be in focus due to first quarter results and various news developments. Titan, Hindustan Zinc, Delhivery

Deutsche Bank and Royal Bank of Canada are preparing a US$4.5 billion debt package to help fund TowerBrook Capital and Clayton Dubilier & Rice’s planned purchase of R1 RCM Inc., according to people familiar with the matter.

Mint showed. The price band of Brainbees Solutions Ltd, which runs an omnichannel children's clothing enterprises under the FirstCry brand, has been fixed in the range of ₹440 to ₹465 per equity share of the face value of ₹2. The company has sought a value of $2.9 billion and the IPO comprises a fresh issue of ₹1,666 crore, and an offer-for-sale (OFS) of up to 54 million shares.

Adani Enterprises' consolidated net profit surged 116% year-on-year (YoY) to Rs 1,454 crore in the first quarter ended June 2024. The same stood at Rs 674 crore in the year-ago period. Revenue from operations in the reporting period increased 12% YoY to Rs 25,472 crore, compared with Rs 22,644 crore in the corresponding period of last year.

Mint. Trident’s first-ever fund has already received commitments from various other investors. “The discussions are still in a preliminary stage and not much has been decided yet," one of the people cited above said.

ITC, Tata Motors, Zomato, Adani Enterprises, Infosys among others will be in focus due to quarterly results and various news developments. ITC, Sun Pharma, Tata Motors, Adani Enterprises, Adani Ports, Zomato and Dabur

World Bank's Multilateral Investment Guarantee Agency (MIGA) is to bolster its partnership with India substantially to help boost the country's energy transition and other development initiatives, its top officials told ET on Wednesday.

Satin Creditcare Network's consolidated net profit for the June quarter stood at Rs 105 crore against Rs 88 crore in the year ago period, reflecting a 20% year-on-year rise, despite a muted quarter and higher delinquencies. Operating profit jumped 60% at Rs 213 crore as compared with Rs 133 crore for the same period, helped by a 38% rise in net interest income at Rs 383 crore.

bio-economy reached USD 31 billion in 2023 and is growing at 10.7 per cent from USD 28 billion in 2022, said the Karnataka Bio-economy Report-2024, which was unveiled on Wednesday. The state attracted over 30 per cent of national biotech investments in 2023, contributing 21 per cent to India's bio-economy. Also, it contributes nearly 10 to 12 per cent of Karnataka's economy of USD 310 billion, the report said.

The PoC was part of Project Desft (Digital Economy Semi-Fungible Token), an exploration from the BoG and Monetary Authority of Singapore into how technology can boost the participation of micro, small, and medium enterprises from developing countries in international trade. Maxwell Opoku-Afari, first deputy governor, Bank of Ghana, says: "Project Desft is aimed at supporting SMEs in Africa to engage in international trade by removing significant obstacles they face, such as establishing trust with overseas trade partners and obtaining support in cross-border payments and supply chain finance." The project has been focusing on cross-border trade between the two nations using the UN-developed, blockchain-based Universal Trusted Credential, the Singaporean Dollar stablecoin, the Ghanaian CBDC (eCedi) and purpose-bound money. Giesecke+Devrient delivered its Filia platform for the CBDC part, while local commercial lender Fidelity Bank offered banking and exchange services for the eCedi. G+D says the PoC demonstrated a direct transfer between the transacting parties, eliminating the need for the long chain of intermediaries and corresponding high costs in cross-border payments.