Travel booking platform ixigo (Le Travenues Technology Ltd) on Friday (June 5) said its board has approved the acquisition of a 54.66% stake in Brevistay Hospitality Private Limited for ₹65.69 crore through a mix of secondary and primary share purchases. Following completion of the transaction and fulfilment of conditions under definitive agreements, Brevistay will become…
Alphabet, NVIDIA, Microsoft and Apple each earn more than India’s Nifty50, with Alphabet and NVIDIA profits nearing Nifty500, and their market values rival India’s entire equity market By Yoosef K June 5, 2026, 9:30:41 PM IST (Updated) The widening scale gap between global technology giants and India Inc. is becoming increasingly apparent. The disparity becomes…
Block deals were reported in Adani Enterprises Limited and Adani Energy Solutions Limited on Friday (June 5), with SBI Mutual Fund buying stakes while GQG Partners sold holdings in both companies. In Adani Enterprises Limited, GQG Partners sold 1.64 crore shares, representing a 1.3% stake, for ₹4,760 crore. SBI Mutual Fund bought those 1.64 crore…
Domestic institutional investors (DIIs) emerged as strong buyers in the Indian equity market on Friday, investing a net ₹9,133.57 crore, helping cushion the impact of continued foreign fund outflows. According to exchange data, DIIs purchased shares worth ₹22,779.32 crore and sold equities worth ₹13,645.75 crore across the NSE, BSE and MSEI, resulting in a net…
The Reserve Bank of India’s latest measures to attract foreign capital could bring in as much as $75-80 billion and help the rupee strengthen to 92-93 against the US dollar, according to Shailendra Jhingan, Head of Treasury & Economic Research at ICICI Bank. Speaking to CNBC-TV18 after the RBI’s monetary policy announcement on Friday, Jhingan…
US stocks declined on Friday, June 5, with the S&P 500 and Nasdaq weighed down by a sharp sell-off in semiconductor shares and a jump in Treasury yields after a stronger-than-expected jobs report reinforced expectations that the Federal Reserve could keep monetary policy tighter for longer. The S&P 500 fell 0.6%, while the Nasdaq Composite…
OPEC crude output fell last month, hitting its lowest level in decades as the US blockade of Iran and disruption in the Persian Gulf continued to curb production. Output from its 11 current members dropped by 1.22 million barrels a day to 16.33 million a day in May, with Iran accounting for more than half…
US employers added 172,000 jobs in May, showing continued strength in the labour market despite rising costs linked to the Iran war. The US Labour Department said on Friday (June 5) that hiring was slightly lower than April’s revised figure of 179,000 jobs. The unemployment rate remained unchanged at 4.3%. The job market has been…
Warburg Pincus-backed Truhome Finance is set to make its stock market debut after the housing finance company received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO) on Friday, June 5. According to its draft red herring prospectus (DRHP), Truhome Finance plans to raise up to ₹3,000…
OYO parent Prism has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its proposed initial public offering (IPO), moving the travel-tech company a step closer to a public listing. Prism plans to raise ₹6,650 crore through the offering. The proposed IPO is expected to value the company at around…
