Hyundai and Kia have sold their entire holdings in Ola Electric, with Citigroup acquiring a significant stake through bulk deals, even as shares of the EV maker closed over 8% lower.
The transaction involves the sale of 2.44 crore shares at a floor price of ₹580 apiece, representing a discount of around 6.4% to the company’s current market price, sources in the know told CNBC-TV18. Shares of Indegene Ltd ended at…
The index employs a free-float market capitalisation-weighted methodology, with individual stock weights capped at 5% and the aggregate weight of stocks within a single industry sector limited to 20%. Reconstitution occurs semi-annually, while quarterly rebalancing ensures alignment with market dynamics.…
The floor price for the deal has been set at ₹4,850 per share, which represents a discount of approximately 3% to Alkem’s current market price, sources in the know told CNBC-TV18. Shares of Alkem Laboratories Ltd ended at ₹4,989.00, down…
As per the exchange filing published on June 3, the company said that Mumbai Railway Vikas Corporation Limited awarded the contract on June 2, 2025, and the company is expected to execute it within 30 months.
Wipro has secured a multiyear contract from Entrust to deliver AI-powered tech services, including product development, infrastructure support and application security.
The freight division is expected to deliver volumes of up to 12,000 wagons this year, each priced between ₹35–40 lakh, while the company is also betting on a “quantum jump” in revenue from the passenger side.
Speaking to CNBC-TV18, BofA Securities’ Peter Guenthardt explained that private equity investors are simply doing what they are built to do — invest, hold, and exit.
Sun Pharma’s experimental drug SCD-044 did not meet its main goals in Phase 2 trials for psoriasis and atopic dermatitis. The company has decided to discontinue further development.
The deal values each share at $7.50, with the acquisition to be completed in cash within 60 days, subject to applicable regulatory approvals, including those under the Hart-Scott-Rodino Antitrust Improvements Act and clearance from the Committee for Foreign Investment in…