Divine Lifestyle
SBI Mutual Fund on Friday bought stake in Adani Enterprises and Adani Energy Solutions from US-based GQG Partners for ₹5,747 crore through an open market transaction. According to block deal data on the National Stock Exchange (NSE), SBI Mutual Fund bought 1,64,39,984 shares representing about 1.3 per cent stake in Adani Enterprises, the flagship unit…
Meesho said its PRISM recommendation engine is helping shift product discovery away from traditional keyword searches on the platform that serves 264 million annual transaction users. Meesho said more than 75 percent of orders on its platform now come from AI-powered personalized product feeds powered by its proprietary recommendation engine, reflecting the growing role of…
India’s foreign exchange reserves rose by US$938 million to US$682.321 billion during the week ended May 28, the Reserve Bank of India said on Friday. In the last reporting week, the kitty fell by US$7.511 billion to US$681.384 billion. The kitty had surged to an all-time high of US$728.494 billion during the week ending February…
CIL will also conduct the next round of short-term auction under the Shakti policy on June 8, in which about 34 million tonnes of coal will be offered to power producers. Image: Bloomberg read 2 minutes Last update: June 05 2026 | 2:52 pm First Coal India Limited (CIL) on Friday announced several measures to…
“However, this requires preventing the Global North from rising, as we have to take seriously the aspiration of countries like India to reach the same level of prosperity as the Global North,” Piketty, a professor at the Paris School of Economics, said on Thursday. “This aspiration is not going to go away, even if people…
The proposed acquisition, being fast-tracked following the recent hostilities with Pakistan and amid growing recognition of drones as critical battlefield assets, is expected to boost indigenous drone production, strengthen supply chains and accelerate investment in defense intensive technology manufacturing. Drone manufacturers said the proposed acquisition is expected to have a multiplier effect on the country’s…
Early gray market trends indicate positive investor sentiment towards the initial public offering (IPO) of research-oriented pure-play nutrition company Hexagon Nutrition, which is scheduled to open for public subscription on Friday, June 5, 2026. Through its maiden share sale, the company aims to raise ₹138.87 crore entirely through an offer-for-sale (OFS) issue. The offer involves…
Pulkit Trivedi, managing director (MD) for India of photo and video-sharing platform Snap. The social media intermediary, with more than 250 million monthly active users, stands to gain the most from this increase in ad spending, Trivedi said, adding that Snap will play to its strengths of being a “GenZ” platform. “The biggest difference we…
The FIA said the proposed framework should be based on the actual risks faced by brokers and should not include risks that are already addressed through existing safeguards such as upfront margins, collateral controls and upstreaming of client funds. SEBI had proposed to link the variable net worth requirements of brokers to the scale and…
Indian equities may see some softness in May 2026, but valuations across many sectors remain elevated compared to their long-term averages, according to a regional valuation study by PL Capital. The brokerage’s latest quantitative report shows that information technology (IT), fast-moving consumer goods (FMCG), hospitals, hotels, real estate and retail sectors are now trading below…
