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Indian markets ended flat on Tuesday as a pullback in IT stocks halted a brief rally and foreign investors turned sellers. The Sensex dipped 42 points while the Nifty held steady. Broader markets were mixed, even as global equities hovered near record highs and commodities flashed volatility amid geopolitical tensions.
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Oyo's parent company, Prism, has secured shareholder backing for its initial public offering. The company plans to raise up to Rs 6,650 crore through fresh equity shares. Shareholders also approved a bonus share issuance. These approvals are significant steps towards Prism's public listing. Recent financial performance shows strong profit and revenue growth for Oyo.
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News and Media
Provincial police said the vehicle was first targeted with improvised explosives before the attackers opened fire, killing four officers and the driver. No group has claimed responsibility for Tuesday's attack.
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News and Media
The proposed amalgamation of ACC and Ambuja Cement, a decades-long relationship, brings focus to valuation upside and operational synergies for the Adani Group. Experts highlight the attractive acquisition cost per tonne for Ambuja shareholders, creating immediate value. While synergy benefits are largely realized, the merger signals continued inorganic growth for Adani, with further acquisitions anticipated.
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News and Media
Pakistan has stopped 'professional beggars' and those with incomplete travel documents from leaving the country. This action follows numerous deportations of Pakistani nationals from abroad. Authorities are tightening airport checks to prevent irregular travel and overseas begging. The move aims to curb embarrassment and improve international travel perceptions.
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News and Media
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