Metropolis chief executive Ameera Shah and her family has initiated a formal process to sell the controlling promoter stake and is understood to have hired investment bank Barclays to initiate a formal sale.

The stock fell over the past nine consecutive sessions - from ₹837 to ₹709.70 on Friday. Analysts expect a further correction in the stock, and according to them, the low made on the first day of trade after the lock-in period may act as a support for a fundamentally sound business.

Gold prices saw volatile trading on Friday, as focus turned to economic risks after elevated U.S. inflation readings bolstered bets for aggressive interest rate hikes

HDFC Bank, the largest private sector lender, said it has registered a 23 per cent growth in total advances in Maharashtra to Rs 3.28 lakh crore in FY22, and it commands a 13 per cent share by total business perspective in the western state.

Tata Sons and group companies are well-capitalised with robust balance sheets and every major company has staged a turnaround in the last four years to contribute in a significant manner to group profits, says Tata Sons chairman N Chandrasekaran.

The proposed loan structures include mezzanine financing, stock-backed bridge loans to be repaid in cash, and a senior debt facility for 18 months. The last of these structured instruments could be refinanced later with either a long-term bond or loan. The Adani Group is acquiring the two companies for $10.5 billion. The Adani Group is reportedly planning to bring in $3 billion as promoter equity.

The automobile stock is cruising along nicely even though the market mood seems to be on the downside. The stock with a market capitalization of Rs 1.2 lakh cr hit a fresh 52-week high of Rs 1057 on 2 June 2022. The stock fell marginally on Friday when Nifty50 plunged by more than 270 points amid weak global cues.

The proposed loan structures include mezzanine financing, stock-backed bridge loans to be repaid in cash, and a senior debt facility for 18 months. The last of these structured instruments could be refinanced later with either a long-term bond or loan. The Adani Group is acquiring the two companies for $10.5 billion. The Adani Group is reportedly planning to bring in $3 billion as promoter equity.

The transaction was completed on October 26, 2021 and was shared with the government authorities at the beginning of the current financial year. Post the transaction, Tencent arm holds 0.72 per stake in Flipkart which is valued at around USD 264 million, as per last valuation of USD 37.6 billion disclosed by the e-commerce firm in July 2021.

Jack Dorsey announced a new crypto project—“Web5: The Decentralized Web Platform” on Friday on Twitter and in-person during a Web3 festival. While Web 5’s monetary layer will be built on the foundation of Bitcoin, the other technologies underpinning Web 5 are borrowed from myriad areas of cryptography and computer science.