Shares

Ruchi Soya Industries Limited, which is set to open for Further Public Offerings (FPO) from March 24, attracted Rs 1,290 crore investment from 46 anchor investors. Backed by Baba Ramdev's Patanjali, the company's FPO will be a fresh issuance of equity to public, without any offer for sale component in India. Furthermore, post the FPO, Patanjali Group's holding will come down to about 81%, and the public shareholders to 19%.

Tesla's share extended their recent sale on November 15, as investors responded to Elon Musk's tweet on stock sales of $6.9 billion. The company traded low at $978.60 billion, pushing its market value to less than $1 trillion for the second time on an intra-day basis on November 15. Musk tweeted to Bernie Sanders, "Want me to sell more stock?" after the… read-more

In the biggest development, Lei Jun, Chief Executive of Xiaomi on October 19 said it will start producing its own cars in 2024. This was posted on the verified Weibo account of a director in Xiaomi’s international marketing department. Reportedly, the company will also be investing $10 billion in the electric car section, in the upcoming 10 years. Besides, the company’s shares also increased by 5.4%.

Tata Consultancy Services (TCS) on January 25 outdid Reliance Industries Ltd (RIL) to become India's most valuable firm in terms of market capitalization. As per Bombay Stock Exchange (BSE) data, TCS' share price increased by almost 1.26%, thereby tapping an unparalleled Rs 3,345.25. At the day's highest level, TCS' market value attained a record high of Rs 12.55 lakh crore, while RIL descended by 4.84% to Rs 12 lakh crore.

Tata Sons Limited on September 22, informed that they are willing to buy 18% stakes of Shapoorji Pallonji Group, owned by Cyrus Mistry. The decision came after the Mistry, who is also one of the investors at Tata, had a bitter clash with the Group in 2016, which required to pay matured debts. However, SP group wants to raise capital using the shares as collateral which Tata Group fears as a risk.