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The proposed loan structures include mezzanine financing, stock-backed bridge loans to be repaid in cash, and a senior debt facility for 18 months. The last of these structured instruments could be refinanced later with either a long-term bond or loan. The Adani Group is acquiring the two companies for $10.5 billion. The Adani Group is reportedly planning to bring in $3 billion as promoter equity.

The automobile stock is cruising along nicely even though the market mood seems to be on the downside. The stock with a market capitalization of Rs 1.2 lakh cr hit a fresh 52-week high of Rs 1057 on 2 June 2022. The stock fell marginally on Friday when Nifty50 plunged by more than 270 points amid weak global cues.

The proposed loan structures include mezzanine financing, stock-backed bridge loans to be repaid in cash, and a senior debt facility for 18 months. The last of these structured instruments could be refinanced later with either a long-term bond or loan. The Adani Group is acquiring the two companies for $10.5 billion. The Adani Group is reportedly planning to bring in $3 billion as promoter equity.

The transaction was completed on October 26, 2021 and was shared with the government authorities at the beginning of the current financial year. Post the transaction, Tencent arm holds 0.72 per stake in Flipkart which is valued at around USD 264 million, as per last valuation of USD 37.6 billion disclosed by the e-commerce firm in July 2021.

Jack Dorsey announced a new crypto project—“Web5: The Decentralized Web Platform” on Friday on Twitter and in-person during a Web3 festival. While Web 5’s monetary layer will be built on the foundation of Bitcoin, the other technologies underpinning Web 5 are borrowed from myriad areas of cryptography and computer science.

Dorsey and Shawn Corey Carter, better known as “Jay-Z,” said they wanted to educate residents about Bitcoin after seeing how the cryptocurrency became a “critical tool for many in Africa and Central and South America,” Dorsey said on Twitter.

While it is something relatively new, on one hand we can say that it is not new, but an age old practice, which is adhering to the Triumvirate of Indian values – more commonly known as “Satyam, Shivam, Sundaram”. Satyam (truth) is the ethical component of business, the key ethics that need to be adhered to at the core, whether in business or profession or whatever we do

Stock prices of upstream PSU firms like ONGC and Oil India have gone up 13-46 per cent in the past six months despite 67 per cent rise in Brent crude price and 110 per cent hike in domestic administered price mechanism (APM) gas based on windfall tax gain concerns,” global financial advisory firm Elara Capital said.

“You buy a stock because you feel for the next many years there will be growth, the stock would double and triple and quadruple, I do not see that happening, it is a completely matured business, there is nothing in LIC, no reason to buy it or hold it”.

The hotel industry witnessed a demand revival in leisure and corporate travel, pushing up occupancies and leading to higher average room rate (ARR).​Players can command better ARR from pre-Covid levels, with travel making a strong comeback