Read more about Warburg Pincus ends JV with Lemon Tree Hotels for student housing on Business Standard. "Apparently, Warburg was not happy with the way the JV had progressed in the last two-three years," said sources
Read more about Warburg Pincus-Goldman joint venture to ramp up student housing business on Business Standard. The Goldman Sachs-backed company now has 18,000 beds across its tie ups with Manipal University, OP Jindal Global University and Shoolini University
The domestic equities hovered near the flat line in afternoon trade. The Nifty was trading above 14,400 mark. Gains were capped amid concerns that climbing new COVID-19 cases in the country could derail the economic recovery.
At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 32.40 points or 0.07% at 48,113.07. The Nifty 50 index gained 7.50 points or 0.05% at 14,413.65.
Axis Bank (up 2.49%), Reliance Industries (up 0.36%) and PowerGrid Corporation of India (up 4.06%) supported the indices.
The broader market outperformed the benchmarks. The S&P BSE Mid-Cap index rose 0.80%. The S&P BSE Small-Cap index added 1.07%.
Buyers outnumbered sellers. On the BSE, 1,774 shares rose and 1,034 shares fell. A total of 159 shares were unchanged.
Sensex declines 202 pts, Nifty ends below 14,350 business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
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Nifty futures on the Singapore Exchange traded 82 points, or 0.57 per cent, higher at 14,320 in signs that Dalal Street was headed for a negative start on Friday. Here are a few stocks which may buzz the most in today s trade:
HCL Tech,
Indiabulls Real Estate: HCL Tech, M&M Financial, Indiabulls Real Estate, Shiva Cement, GNA Axles and Oriental Hotels are some of the companies which will announce their March quarter results today.
Reliance Industries: RIL, through an international arm, is finalising the acquisition of Stoke Park, Britain’s first County Club, from the International Group (IG), owned by the King family, a second-generation UK family business, for around 60 million pounds (Rs 600 cr), they add.