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The struggling telco is looking to leverage the recent government relief package that has eased its immediate cash flow burden and made it more attractive to investors. "Vi is open to offering a minority stake to global PEs if there is agreement on valuations and terms," one of the people said.

Crypto bourses block accounts as red flags rise

Updated at : 2021-10-14 08:20:02

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The self-regulation comes at a time when India is yet to come out with any regulations around cryptocurrencies or the way to tax them. Industry trackers say investigators including cybercrime officials, the Enforcement Directorate and the income tax department, had raised red flags in the past few months.

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Reliance Industries on Wednesday said that Invesco, the largest shareholder in Zee Entertainment Enterprises (ZEE), “assisted Reliance in arranging discussions” directly between its representatives and Punit Goenka, member of the founder family and MD of ZEE for a potential merger.

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Total dues to coal companies from states stood at ₹15,000 crore as on October 6, as against ₹16,000 crore on September 30. Of this, dues by state power generation companies were at ₹10,500 crore and central undertakings at ₹4,500 crore.

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Gold prices hovered near a one-month peak on Thursday as the dollar and longer-dated Treasury yields retreated from recent highs following hotter-than-expected U.S. inflation data. Spot gold was little changed at $1,793.72 per ounce by 0100 GMT. Prices hit their highest level since Sept. 16 at $1,795.81 on Wednesday.

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HCL Technologies, Cyient, Century Textiles, Mahindra CIE, Indiabulls Real Estate, GPTL Hathway, Inox Winds and Den Networks will announce their September quarter results today.

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The agency expects motor insurance premiums to grow at around 6% to 8% driven by any increase in third party insurance rates and higher auto sales, the ratings agency said.

Besides a much better current account and fiscal deficit position now, the country has a stronger armoury of forex reserves to tackle volatility in the event of dollar outflows. Also, the central bank may not need any monetary policy tool if US normalises liquidity as outflows could be handled through currency market interventions.

Sequoia Capital US and Tiger Global are likely to participate in Pristyne Care’s $90-110 million funding round, which is likely to double the healthcare startup’s valuation to $1.2-1.4 billion.

Stock market update: Nifty Realty index falls 0.24%

Updated at : 2021-10-14 03:20:01

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The Nifty Realty index closed 0.24 per cent down at 532.45.

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