by Vora Corporate Finance | Oct 16, 2023 | Insights
The GDP growth came in at a solid 7.8% YoY in Q1 FY 2024 with both consumption and investment activity grew at a robust rate. This growth is quite significant since it has been achieved even though the government expenditure declined compared to Q1 FY 2023 and weak...
by Vora Corporate Finance | Oct 7, 2023 | Insights, Private Equity & IPO
PE: Walmart buys $1.4 Billion Tiger Global stake in Flipkart Transaction: Tiger Global and Accel sold a remaining 5% stake in Flipkart to Walmart, as reported by various media outlets. Flipkart was reportedly valued at $38 billion in the latest transaction, higher...
by Vora Corporate Finance | Oct 7, 2023 | Insights, Merger & Acquisitions
M&A: Reliance Industries to demerge its financial services business into Reliance Strategic Investments. Transaction: Jio financial services (JFS), demerged entity of Reliance Industries Ltd. (RIL), is set to be listed on the stock exchanges. The price of JFS’s...
by Vora Corporate Finance | Oct 7, 2023 | Insights
Secondary Market Update: Indian Indices hit all time high with Nifty 50 gaining 2.88% and Sensex gaining by 2.80% at 19,753.80 and 66,527.67 respectively. The market capitalization of BSE-listed firms reached an all-time high of Rs 303.59 lakh Crore as investors...
by Vora Corporate Finance | Oct 7, 2023 | Insights
Fitch downgrades US Long term rating to AA from AAA Fitch Ratings has downgraded the United States of America’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘AA+’ from ‘AAA’. While Fitch notes that several structural...
