Top news this week: Adani-Hindenburg SC verdict, India's GDP projection for FY24, and more
Read more Billionaire Mukesh Ambani's Reliance Industries (RELI.NS) and Walt Disney (DIS.N) have engaged law firms and initiated antitrust due diligence for their proposed merger in the Indian media and entertainment sector, according to four individuals with knowledge of the situation. Read more Aided by sustained investment growth and robust output in manufacturing, construction and certain services, India’s economy may grow at 7.3% in FY24, the government’s first advance estimates showed, higher than the central bank’s upwardly revised estimate of 7%. Read more The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P, rose to 59 in December, up from 56.9 in the month prior.
The figure had stood at 58.4 in October. Read more The joint venture between Jio Financial Services and BlackRock has applied for a mutual fund licence with the market regulator, and the application is currently under consideration, according to a Securities and Exchange Board of India (SEBI) update. Read more The initial public offering (IPO) of Jyoti CNC Automation Ltd is going to hit the primary market on 9th January 2024 i.e.
on Tuesday next week. Read more Flipkart co-founder Binny Bansal has reportedly launched his new startup to provide end-to-end solutions to e-commerce firms. Bansal had parted ways with Flipkart following its acquisition by Walmart in 2018.
It is the first time he has come up with his venture after leaving Flipkart. Read more Payments business One MobiKwik Systems Ltd has filed its draft papers with the Securities Exchange Board of India (Sebi) to raise ₹700 crore in an initial public offering (IPO). Mobikwik is also aiming to raise ₹140 crore in a pre-IPO placement, which if successful will reduce the
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