Nifty tops 17,000 for 1st time, Sensex hits 57,200 ahead of June quarter GDP data
The Indian benchmark indices hit fresh all-time highs during intraday trade on Tuesday, ahead of the announcement of first-quarter economic growth data. Nifty jumped over 100 points to cross the 17,000-mark for the first time, while the Sensex jumped around 350 points to hit a record high above 57,200. Adani Ports and Bajaj Finserv were among top Nifty gainers.
Never wanted to sell Flipkart: Sachin Bansal who quit firm after Walmart deal
Flipkart Co-founder Sachin Bansal, who exited the company after Walmart’s $16-billion acquisition, said in an interview that he “never wanted to sell” Flipkart and never imagined he wouldn’t be with the firm. Bansal, who co-founded Navi Technologies months after leaving Flipkart, added that he plans to be with this venture for the next 20 years and has put his “all in”.
PayU to acquire Indian payments company BillDesk for $4.7 billion
Technology investor Prosus on Tuesday said its subsidiary PayU has reached an agreement to acquire Indian online payments gateway BillDesk for $4.7 billion. “The two expect to create a financial ecosystem handling 4 billion transactions annually – four times PayU’s current level in India,” it added. The deal will bring Prosus’ cumulative investment in Indian tech to over $10 billion.
Market cap of BSE-listed firms crosses ₹250 lakh crore for 1st time
The market capitalisation of BSE-listed companies crossed ₹250 lakh crore for the first time. Sensex jumped 662.63 points to end at 57,552, while Nifty rose 201.2 points to close at 17,132. Bharti Airtel, Bajaj Finance and Eicher Motors were the top Nifty gainers, while Tata Motors, Nestle, IndusInd Bank and Reliance Industries were among the top losers.
Speculation: Airtel on report of Google investing ‘thousands of crores’
Bharti Airtel has issued a clarification saying it “doesn’t comment on media speculation/report(s)” , that Google is in advanced talks to invest “several thousands of crores”. Bharti Airtel said it receives interest from high-quality investors and companies for its various businesses. The company evaluates various opportunities and takes decisions in a judicious manner, it added.
FirstCry Co-founder’s platform GlobalBees acquires The Better Home
FirstCry Co-founder Supam Maheshwari-led platform GlobalBees has acquired home care products company The Better Home. GlobalBees acquired 100% stake in The Better Home and as part of the deal, its 15-member core team will join GlobalBees. Founded in 2021, GlobalBees acquires and partners with digitally native brands and helps them scale and sell to marketplaces.