BUSINESS
Kazakhstan considers sale of ArcelorMittal Temirtau to Russian investors: Report
The decision to change the company's shareholders was made against the background of high mortality at work and a weak investment policy. Currently, the Kazakh authorities are negotiating with the company's shareholders on their exit from the Kazakh business, the report said.
7 in 10 workers are millennials in India: Report
According to the Great Place To Work India report, a remarkable 87 per cent of millennials consider their current companies to be a great workplace.
Gold prices near two-week highs
The US 10 year Yield after dropping by more than 2 per cent in the earlier session is inching higher once again, Dollar index also continues inch higher hovering around 10 week-high above 104 mark, he said.
All sectoral indices end in the red
Nifty opened gap down and remained in negative territory throughout the session to close with a loss of 121 points (-0.6%) at 19,265, while the Sensex fell 365.83 points to settle at 64,886.51.
Shoppers Stop stock falls over 10% after CEO resigns
Shoppers Stop was trading at Rs 727.50, down 10.35 per cent on BSE.
Nifty’s breach below the 19,250 - 19,270 zone can trigger further slide
At the same time, from current levels for the bias to improve, would need a decisive breach and sustain above 19,500 levels to anticipate further rise. So till then, one can maintain a cautious approach and go for only select stocks, Parekh said.
Sony acquires gaming headphone maker Audeze
This acquisition aims to strengthen SIE’s efforts to continue innovating the audio experience of PlayStation games, the company said in a statement. The headphone maker will operate independently and develop multi-platform products, while benefiting from being a part of the PlayStation ecosystem.
Roark Capital buys Subway in one of biggest acquisitions in fast-food industry
Roark’s deal is one of the biggest acquisitions in fast food history, coming in just under Inspire Brands’ $11.3 billion purchase of Dunkin’ in October 2020. Roark owns Inspire, which also operates Subway rival Jimmy John’s, CNN reported.
RIL and Oberoi to co-manage three iconic hospitality projects
The properties include the upcoming Anant Vilas Hotel in Mumbai’s Bandra Kurla Complex (BKC), the iconic Stoke Park in the UK, and another planned project in Gujarat. Oberoi Hotels was voted the World’s Best Hotel Brand at the Travel + Leisure, USA World’s Best Awards, 2022.
FPIs not required to make additional disclosures to SEBI if investments are cut down to meet threshold
The provisions of this circular shall come into force with effect from November 1, 2023, SEBI said.
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