Elevation Capital is likely to sell its stake in e-commerce marketplace Meesho Ltd through a block deal worth ₹1,200 crore, sources privy to the developments told CNBC-TV18. The venture capital firm held a 12.04% stake in Meesho as of June 2026. The block deal is aimed at raising ₹1,200 crore through a stake sale, sources…
TVS Motor Company Ltd has acquired an additional 4.39% stake in subsidiary TVS Credit Services Ltd (TVS Credit) from Lucas-TVS for an aggregate consideration of ₹711 crore, increasing its shareholding in the lending arm to 85.15% on a fully diluted basis. The transaction involved the purchase of 1,13,37,297 equity shares of TVS Credit and was…
InterGlobe Aviation, the parent of IndiGo, has appointed Kiran Thadimarri as its Chief Financial Officer (CFO), effective July 28, as part of a senior management reshuffle approved by its board. The board has also approved the re-designation of Gaurav Negi, the current Chief Financial Officer, as Advisor to the Managing Director. The transition will take…
Wall Street opened firmly higher on Monday as easing oil prices lifted investor sentiment ahead of a crucial week featuring earnings from several Big Tech companies and the US Federal Reserve’s policy decision. The Dow Jones Industrial Average climbed 1% in early trade, outperforming peers, while the S&P 500 gained 0.7% and the Nasdaq Composite…
Apple has reclaimed the title of the world’s most valuable publicly listed company, overtaking AI chipmaker Nvidia after its shares rose more than 1% on Monday and headed towards a record-high close. The rally lifted Apple’s market capitalisation to about $4.94 trillion, putting it ahead of Nvidia, whose market value stood at around $4.83 trillion….
Tata Motorson Monday said heavy flooding in Gujarat has temporarily disrupted operations at its Sanand manufacturing plant and supplier facilities, impacting production of several of its key passenger vehicle models. The company said production of the Tiago, Tigor, Nexon and Sierra has been affected due to the floods. The Sanand facility is one of Tata…
The Nifty snapped its five-session losing streak on Monday as easing crude oil prices lifted investor sentiment, helping the benchmark rally 228 points to close just shy of the 24,000 mark. The index opened 161 points higher and extended gains throughout the session, ending near the day’s high at 23,995, up 0.96%. The recovery also…
Foreign institutional investors (FIIs) remained net sellers in Indian equities on Monday, offloading shares worth a provisional ₹1,688.23 crore, while domestic institutional investors (DIIs) extended their buying streak with net purchases of ₹2,329.14 crore. According to provisional exchange data, FIIs bought equities worth ₹11,695.95 crore during the session and sold shares worth ₹13,384.18 crore, resulting…
Tata Sons Executive Chairman N Chandrasekaran received a total remuneration of ₹158.6 crore for FY26, marking his highest annual compensation since the holding company began disclosing directors’ pay in its financial statements. The remuneration comprised ₹17.9 crore in salary and allowances, while ₹140.7 crore was paid as commission, highlighting the performance-linked nature of his compensation….
Top stocks to watch: Earnings remained the key market trigger as several companies announced their June-quarter results, offering fresh cues for investors. Tata Power posted a stronger-than-expected performance, while Tata Chemicals slipped into a loss. Coal India reported steady profit growth, Northern Arc Capital delivered robust earnings and Gravita India maintained its growth momentum. HDFC…
