News Overview

Moneycontrol reported on April 8 that Bain Capital intended to leave the private sector lender, despite the fact that the identities of the persons directly involved in the transaction could not be immediately determined.

Gland Pharma is promoted by Fosun Pharma, a Chinese company that owns 57.86% of the company.

Since starting on the new post in February, Tahilyani has been carefully steered by Chandrasekaran, who wants to see the consumer app develop traction before pursuing external investor interest.

A 60-day lock-in period would also apply to any additional share sales. For the QIP, the book running lead managers are Nuvama and Motilal Oswal.

Due to a severe financial problem, Byju's postponed paying employee salaries while it awaited approval from the National Company Law Tribunal (NCLT) to use proceeds from the rights issue.

Its market share improved from 5.5% in Apr’23 to 8.5% in Mar’24. The exit ADTO stands at Rs90-100bn, implying a strong start to FY25. The Star-MF platform remains the preferred platform for MF distributors – FY24 volumes grew by 59% YoY to 421mn.

Bandhan Innovation Fund NFO is an opportunity to gel your future strategy with that of innovative Indian companies.

No fresh positions are permitted in derivative contracts associated with the banned securities.

Wistron, like Pegatron and Foxconn, is a Taiwanese contract manufacturer for Apple. Tata Group purchased its local business for $125 Million (₹1,000 Crore) in November last year, making it the first Indian company to produce iPhones.

This week, start-ups raised $152 Million led by Ola Electric, SingleInterface, Namdev Finvest, Innoviti, Scrut, Nivara.