Share Market

The index closed with gains of 93 points at 19774 levels. Broader markets too followed suit and witnessed buying interest. All sectors ended in the green, except for consumer durables. FMCG, PSU bank, realty, and oil and gas were top gainers, he said.

Piramal Enterprises - part of the Piramal Group having interests in pharmaceuticals, real estate apart from financial services - bought stakes in the South-based financial services group companies - Shriram Transport Finance Ltd in 2013, Shriram Capital Ltd (Unlisted) in 2014 and Shriram City Union Finance Ltd in 2018.

As tech startups valuations continue to dip, the Vision Fund vertical posted a 4.3 trillion Japanese yen (about $32 billion) loss for its fiscal year."The fair value of a wide range of private portfolio companies also decreased, reflecting markdowns of weaker-performing companies and share price declines among market comparable companies," the company said in its earnings report on Thursday.

According to a report in TechCrunch, Vanguard cut the valuation of Ani Technologies, Ola's holding firm, by 35 per cent and disclosed this in its report to investors. "It reduced the holding of its Ola shares to $33.8 million from the $51.7 million purchase price, according to an analysis of its filings," the report noted.

According to regulatory filings with the US Security and Exchange Commission (SEC), Invesco valued Swiggy's shares at $3,305 (as of January 31, 2023) -- down from $4,759 in October 2022. In October last year, Invesco had already reduced the valuation of its holding in Swiggy to about $8 billion. Swiggy had reached a $10.7 billion valuation in a round led by Invesco in January last year.

Operating income came to 374.9 billion won ($283.2 million) for the January-March period, compared with 1.65 trillion won the previous year, the refinery unit under South Korea's SK Group said in a filing. Revenue rose 17.7 per cent on-year to 19.1 trillion won. It turned to a net loss of 52 billion won from 863.3 billion won a year ago, reports Yonhap news agency.

Although Bitcoin topped over $30,400 on April 18, reaching the highest level since early June, its monthly gain was only 3 per cent, way down from 21 per cent in March and much less than gains usually seen in the fourth month of the year, according to data by BitcoinCasinos.com.

The Cambridge-based firm is reportedly aiming to raise up to $10 billion, the BBC reported. In a blow to the UK, the company said in March that it did not plan to list its shares in London. Arm was bought in 2016 by Japanese conglomerate Softbank in a deal worth 23.4 billion pounds.

They're currently weathering a "perfect storm of negative sentiment," said Robert Jenkins, head of global research at Lipper, a financial data provider, CNN reported. Despite the gloomy forecast, Jenkins remains optimistic. He sees this as a natural phase of the market's evolution. A new, more efficient system is taking shape that incorporates ESG standards into the bedrock of stock valuations, he said.

On four out of six LPI indicators, India has seen remarkable improvement on the back of various initiatives being implemented over the past few years, official sources said. The World Bank has acknowledged India's efforts towards increasing logistics efficiency, they added. The LPI index is a perception-based survey conducted across select stakeholders dealing with respective countries.