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Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 176504.39 Crore) operating in FMCG sector.

The share transfer comes as Zomato is ramping up its investment in Blinkit (formerly Grofers), after abandoning its plans to enter the e-grocery segment for a second time since the pandemic hit.

Apollo will end up owning a 9%-11% stake in the NBFC on a fully diluted basis and have a board seat. Other than flagship Hero MotoCorp that owns 40% of the company, the Munjal family, the promoters of Hero MotoCorp also have substantial shareholding in Hero Fincorp of 30-35%.

Advent is currently conducting due diligence and may form a consortium. Sources said the private lender is keen to rope in at least one more bulge-bracket player for co-investing.

The 27-member consortium of lenders made the suggestion in the Supreme Court. The flagship company of the Future Group recently missed a loan repayment schedule and has approached the top court to stop the banks from classifying its accounts as non-performing assets.

For the holiday quarter, Amazon earned $14.3 billion, double its net income from a year earlier. That included a pre-tax gain of $11.8 billion from its stake in electric car maker Rivian Automotive.

Cryptocurrencies, which ballooned during the pandemic, have lost over $1 trillion in market cap in a couple of months.

Spot gold was at $1,806.86 per ounce, as of 0132 GMT. In the previous session, bullion touched $1804.4 as a weaker dollar and risk-off sentiment in the equity markets helped counteract pressure from a jump in U.S. Treasury yields.

Oil prices climbed on Friday, extending sharp gains in the previous session sparked by persistent supply concerns and as frigid weather cascades across the United States, threatening to further disrupt fragile oil supplies.

The dollar index was heading for its worst week in nearly two years on Friday as the euro held firm at a three-week high and sterling gained after hawkish shifts from the European Central Bank and the Bank of England.