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ET Intelligence Group: Shadowfax Technologies, a third-party logistics (3PL) company, plans to raise ₹1,000 crore through a fresh issue to cover lease payment, branding and marketing expenses and to fund capital expenditure. It will also raise ₹907.3 crore through an offer for sale. The promoter group's stake will fall to 16.7% after the IPO from 19.4%. The company's market shar...
Mumbai: Shares of Nifty heavyweight Reliance Industries dropped over 3% on Monday, after the company's third-quarter results late last week. Analysts said lower-than-expected growth across businesses disappointed investors and investors should wait for further cues as growth expectations are tempered. RIL shares fell 3.1% to ₹1,413.20 on Monday, contributing to benchmark Nifty a...
Sun Pharma places non-binding offer for Organon
Even as India remains the fastest-growing major economy, with growth set to top 7%, global risks persist. Against this backdrop, corporate India wants a “boring and predictable” budget, one that will focus on simplification and long-term reforms over headline-grabbing measures. As finance minister Nirmala Sitharaman puts finishing touches on the February 1 budget, business leade...
