Sat, Nov 23, 2024 9:03 PM
Maharashtra Election Result: experts recommend the stocks to buy on Monday
A Flip by Shubhangi Gupta
Norway’s $1.8 trillion sovereign wealth fund benefits from a rare consensus among its political masters, according to Chief Executive Officer Nicolai Tangen, unlike other countries which are exploring such an option. “We have a very constant investment philosophy and I think that’s really one of the success factors behind the fund,” Tangen said, speaking in a Bloomberg TV interview.
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Saudi Aramco’s digital arm is in talks to take a significant minority stake in Mavenir, in a deal that is likely to value the U.S. telecommunications software maker at about $3 billion, people familiar with the matter told Reuters on Friday. Aramco Digital is in talks to invest about $1 billion in Mavenir and a deal is likely to be signed before the end of the year, the sources said.
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Adani Group's gross assets swelled by ₹75,277 cr in the first half of this fiscal year as the diversified conglomerate accelerated capital spending across projects, said people close to the matter. Gross assets are on track to reach a record ₹1.2 lakh cr by March-end, the people said. The surge in assets sparked a 7% or ₹16,882 cr increase in gross debt in the fiscal first half to ₹2,58,276 cr.
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