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Sunil Mittal-led Indian Continent Investment plans to sell approximately 0.56% of its Bharti Airtel stake, valued at around 7,200 crore, via a block deal. The entity will offload 3.43 crore shares, potentially at a 3% discount to Tuesday's closing price. This move follows a similar stake sale in August.
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News and Media
The Indian Rupee saw a slight dip on Tuesday, closing 6 paise lower against the US Dollar at 89.22. Domestic equity market weakness weighed on the currency. Falling crude oil prices offered some support. However, foreign fund outflows kept the Rupee under pressure. This follows a significant recovery on Monday after hitting a lifetime low on Friday.
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News and Media
Adani Enterprises has launched its 24,930-crore rights issue, offering shares at a 23% discount, with proceeds earmarked for major infrastructure expansion, new-age businesses and debt reduction, while promoters are expected to fully participate
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News and Media
Enam Holdings Sridhar Sivaram expects Indias earnings growth to rebound in 2026 as the government pivots from investment to consumption, GST cuts take effect and RBI begins rate reductions. He warns low nominal GDP and flawed inflation readings have suppressed earnings this year but sees financials, NBFCs, consumption and gold outperforming as domestic demand strengthens and policy easing improves sentiment.
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News and Media
With the second anniversary approaching of the Alaska Air Group Inc. midair near-calamity that plunged Boeing into crisis, the planemaker is reinforcing the safety and quality plan it crafted last year with feedback from employees and regulators.
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News and Media
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