Listed Companies Report 6.9% Sales Growth In Q4 FY24: RBI Figures

Aggregate sales growth year-on-year of 1,669 listed private manufacturing companies increased to 6.1% during Q4 FY24 from 3.7% in the previous quarter.

Bloomberg Quint 

Adani Group's Ambuja Cements to buy Penna Cement for Rs 10,422 crore

This is Adani group's third acquisition since Ambuja-ACC takeover

Business Standard 

Vodafone Idea to offer Rs 2,458 crore stake to Nokia and Ericsson

To offer shares in lieu of dues; shareholders to decide on preferential issue on July 10

Business Standard 

Bain Capital exits L&T Finance by selling balance stake, terminates investment pact

Bain Capital had a stake of 3.59 percent before selling all its share, the exchange filing said. BC Investments VI Limited had subscribed to 3,18,36,971 equity shares of the company, while BC Asia Growth Investments had 6,38,20,990 shares.

Moneycontrol 

Morgan Stanley buys 3.13 crore shares of L&T Finance for Rs 534 crore via block deal

Bain Capital sold 8.82 crore shares of the company through its affiliates BC Asia Investment VI and BC Asia Growth Investment. For sometime, it has been planning a complete exit from L&T Finance by selling its existing stake.

Economic Times 

Indigo Shareholder Pares Stake For Rs 224 Crore

Citigroup Global Markets Mauritius offloaded 5.21 lakh shares, which Societe Generale bought for Rs 4,300.4 apiece.

Bloomberg Quint 

PNB MetLife declares ₹930 crore bonus for FY24

PNB MetLife declares ₹930 crore bonus for FY24

The Hindu Business 

Adani Group's Australian coal port gets $333 million private credit loan

Billionaire Gautam Adani's ports-to-power group is one of India's largest thermal power producers with multiple coal-based plants in the nation

Business Standard 

Purvankara Board Approves Rs 1,000-Crore Fundraising Through QIP

The real estate company will raise funds by issuing equity shares, debentures or preference shares.

Bloomberg Quint 

Indian Startup Ethereal Machines Raises Rs 108.6 Crore

The 'Series A' funding round included contributions from existing investors such as Blume Ventures, Enam Investments, and Sandeep Singhal.

Bloomberg Quint 

Goldman Sachs aims to double lending to wealthy private bank clients

Goldman's total deposits jumped to $441 billion in the first quarter, with over 39 per cent coming from consumer accounts, versus $190 billion in total deposits at the end of 2019

Business Standard 

Tata Elxsi Prtners With Red Hat For 5G Vehicle Solutions

Partnership between Tata Elxsi and Red Hat focuses on leveraging OpenShift as a container platform for seamless cloud automation and modernisation in 5G applications.

Bloomberg Quint