AgenciesThe NSE Nifty index closed 176.7 points down at 17412.9, while BSE Sensex ended down 671.15 points at 59135.13.
On the other hand, Adani Enterprises Ltd.(down 2.92 per cent), HDFC Bank Ltd.(down 2.58 per cent), Apollo Hospitals Enterprise Ltd.(down 2.28 per cent), Housing Development Finance Corporation Ltd.(down 2.18 per cent) and IndusInd Bank Ltd.(down 2.14 per cent) were among the top losers of the day.
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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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