Sat, Jan 11, 2025 4:59 PM
CLSA initiates Outperform rating on Hyundai, sets target price of Rs 2,155
A Flip by Shubhangi Gupta
Information and communications technology products distributor Rashi Peripherals Ltd on Wednesday (January 15) announced plans to acquire a 70% equity stake in Satcom Infotech Private Ltd. Satcom is a prominent distributor specialising in cybersecurity solutions. With this acquisition, Rashi Peripherals aims to strengthen its position as a comprehensive ICT solutions provider in India.
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Jio Finance Ltd., owned by Mukesh Ambani, plans to enter the local currency debt market for the first time, likely in the January-March quarter. The funds will be used for onlending to industries. Despite tighter RBI regulations, Jio Finance, with its top AAA credit rating, aims to leverage favorable borrowing conditions. It also offers various financial products and services.
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Starbucks is unlikely to implement any policy in India to restrict restroom use or access to its facilities without a purchase, the American coffeehouse chain told Moneycontrol in an emailed statement. Starbucks this week reversed a policy it introduced in 2018 that allowed people to hang out in its coffee shops even if they had not bought something.
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