ReutersLexus Granito(up 4.00%), Ashapura Minechem(up 0.89%) and KIOCL(up 0.73%) were among the top gainers.
Madhav Marbles and Granites(down 1.94%), Aro Granite Industries(down 1.52%), 20 Microns(down 1.51%), Orissa Minerals Development Company(down 0.68%), Gujarat Mineral Dvpt Corporation(down 0.66%), MOIL(down 0.61%), NMDC Ltd(down 0.61%), Coal India(down 0.31%) and Pokarna(down 0.08%) were among the top losers.
The NSE Nifty50 index was trading 182.5 points down at 17407.1, while the 30-share BSE Sensex was down 677.01 points at 59129.27 at around 10:30AM.
Britannia Industries(up 0.98%), Tata Motors(up 0.83%), ITC(up 0.35%), Divis Laboratories(up 0.35%), Maruti Suzuki(up 0.33%), NTPC(up 0.22%) and Bajaj Auto(up 0.1%) were among the top gainers in the Nifty pack.
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Binny Bansal Looks to Recharge PhonePe with $100-150 millionFlipkart cofounder Binny Bansal is in talks to invest about $100-150 million in PhonePe as part of an ongoing financing round at the digital payments company, people in the know said.
Global PEs Take a Shine to Int’l Gem InstituteBlackstone, CVC Capital Partners and Goldman Sachs are among several bulge-bracket global private equity funds weighing bids to buy a controlling stake in the International Gemological Institute (IGI) in a deal that could value the world’s biggest independent diamond-grading firm anywhere between $250 million and $300 million, two people directly aware of the talks told ET.
Max, KKR in Talks with TPG to Buy Care HospitalsMax Healthcare Institute and KKR & Co have initiated separate discussions with TPG to buy Care Hospitals after earlier frontrunner Blackstone pulled out due to a valuation mismatch, said people with knowledge of the matter.
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