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Kotak AMC, executives seek settlement in Essel Group debt dispute
The case dates back to the 2019 Essel liquidity crisis, when a sharp fall in Zee Entertainment's share price triggered margin calls on pledged shares securing debt held by six Kotak fixed maturity plans (FMPs). The case relates to Kotak Mutual Fund's six close-ended debt schemes (FMPs), which had invested in zero coupon non-convertible debentures (NCDs) issued by Konti Infrapower & Multiventures and Edison Utility Works, part of the Essel Group, the promoter group of Zee Entertainment Enterprises.
Kotak AMC, executives seek settlement in Essel Group debt dispute
The case dates back to the 2019 Essel liquidity crisis, when a sharp fall in Zee Entertainment's share price triggered margin calls on pledged shares securing debt held by six Kotak fixed maturity plans (FMPs). The case relates to Kotak Mutual Fund's six close-ended debt schemes (FMPs), which had invested in zero coupon non-convertible debentures (NCDs) issued by Konti Infrapower & Multiventures and Edison Utility Works, part of the Essel Group, the promoter group of Zee Entertainment Enterprises.
Fortis Healthcare inks pact with Dion Group for 300-bed hospital in Cuttack
Fortis Healthcare is set to manage and operate a new 300-bed multi-specialty hospital in Cuttack, Odisha, a project valued at Rs 600 crore. Developed by Dion Group, the facility aims to significantly enhance access to advanced tertiary care for residents of Cuttack, Bhubaneswar, and surrounding areas. This collaboration merges Fortis's extensive healthcare expertise with Dion's infrastructure development vision, promising quality medical services closer to home.
ICICI Prudential Mutual Fund reduces stake in Entertainment Network India Ltd by over 2% - scanx.trade
ICICI Prudential Mutual Fund reduces stake in Entertainment Network India Ltd by over 2%scanx.trade
Ola Electric tops Nifty 500 gainers as Delhi EV policy boosts electric two-wheeler stocks
The rally follows the Delhi Cabinet's approval of the new EV Policy on Monday, which will come into effect from July 1. Under the policy, registration of new internal combustion engine (ICE) two-wheelers will cease from April 1, 2028, with only electric two-wheelers eligible for registration thereafter.
Fluence deal signals Honasa’s pivot towards health-beauty convergence
As beauty consumers increasingly demand science-backed and holistic solutions, Honasa is blurring the lines between cosmetics, wellness and healthcare, with nutraceuticals emerging as a new battleground for growth and differentiation.
Dalal Street Week Ahead: Nifty to test crucial 24,500 level; breakout may define next trend
Indian markets navigated a subdued week, ending with modest gains as Nifty hovered near a crucial resistance zone between 24,160 and 24,500. Technical indicators suggest caution, with a decisive move above this hurdle needed to fuel further upside. Investors are advised to maintain a selective approach, focusing on stock-specific opportunities while managing risk diligently. Pharma and Media sectors show relative strength, while Energy and IT lag.
Stock Market LIVE Updates, Sensex Today: Sensex Jumps 500 Points Higher As Oil Slips To Pre-Iran War Levels - NDTV
Stock Market LIVE Updates, Sensex Today: Sensex Jumps 500 Points Higher As Oil Slips To Pre-Iran War LevelsNDTVSensex Today | Stock Market Live: Nifty at 24,200, Sensex up 550 pts; IndiGo, Max Healthcare, Maruti Suzuki top gainersMoneycontrol.comStock Market Today Live, June 25: Nifty holds above 24,100, Sensex rises 500 pts led by auto, healthcare stocksBusinessLine
Buy, Sell Or Hold: Suzlon, PVR Inox, IRFC, NCC And Fortis Healthcare — Ask Profit
Market experts shared buy, sell and hold recommendations for an array of stocks.
ASK Property Fund to raise Rs 3,500 crore for housing-focused debt strategy
ASK Property Fund is launching a new Rs 3,500 crore debt fund. This fund will finance residential projects in key Indian cities like Mumbai, Delhi NCR, Pune, Bengaluru, Chennai, and Hyderabad. The fund aims to support developers with structured financing for mid-segment housing. It will also focus on lender replacement and completing stalled projects.
Market ends with minor cuts; Nifty settles below 23,400 level
The Nifty settled below the 23,400 mark. Metal, IT and oil & gas stocks witnessed selling pressure, while media, healthcare and realty shares attracted buying interest.
Stock Market News Today Live Updates: Nifty Above 23,500, Sensex Up 300 Points; Nifty Bank Gains Ahead Of RBI MPC Decision
Nifty Media rose 1.59%, leading gains among sectoral indices. Nifty Metal was the only sectoral index in the red, down 0.56%.