Company Overview and News
Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. (14-0)
Mumbai: Venture capital firm Sequoia Capital on Wednesday sold a nearly 1% stake in local search engine Just Dial Ltd, data from stock exchanges showed.
Venture capital firm Sequoia Capital has sold almost 1 percent stake in local search engine Just Dial through an open market transaction.
Venture capital firm Sequoia Capital has sold almost 1 per cent stake in local search engine Just Dial through an open market transaction.
After several attempts at integrating the company’s digital and brick and mortar retail businesses, Future Group chairman and chief executive Kishore Biyani has unveiled Retail 3.0, a digital strategy aimed at making the group Asia’s largest leading integrated consumer company with a trillion dollars in revenue by 2047. (4-0)
The Indian benchmark indices on Monday afternoon wiped out of of its morning gains and were trading flat with the Nifty down 1 points while the Sensex was up 4 points at 33347. (18-0)
The Indian benchmark indices on Monday morning were trading on a positive note with the Nifty up 16.9 points or 0.16 percent while the Sensex gained 80 points at 33422. (13-0)
Just Dial shares rallied 5.5 percent intraday Friday as Nomura has maintained its buy rating on the stock with increased target price at Rs 635 from Rs 590 per share.
The Nifty as the as the Sensex continued to rally on Thursday afternoon with the Nifty gaining over 67 points or 0.67 percent while the Sensex jumped 258 points at 33018. (9-0)
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The Indian benchmark indices on Tuesday afternoon managed to recover some of the loses with the Nifty down 20.3 points or 0.2 percent while the Sensex shed 28.66 points at 33007. (24-0)
While Just Dial is apparently witnessing some stability in its business, news buzz of a potential acquisition plan by Google has suddenly made the investment case interesting. Though Just Dial has denied any acquisition proposal from Google, a possible strategic fit cannot be ruled out. While Google comes to the table with its financial prowess, innovation acumen and reach in the virtual space, Just Dial might try to get better value for its reach in tier 2/3 cities, small businesses and recent traction in app aggregation.
The Indian benchmark indices on Tuesday afternoon extended the loses with the Nifty down 30.4 points or 0.3 percent while the Sensex shed 80.19 points at 32953. (25-0)
The Nifty started on a muted note on Monday and failed to pull the index back above 10,300 which it was able to do in the past two sessions. The Nifty opened at 10,322 and rose marginally to hit an intraday high of 10,334. It slipped to an intraday low of 10,216 before closing the day at 10,224, down 96 points. (23-0)
The Indian benchmark indices on Monday morning were trading on a negative note with the Nifty down 34.20 points or 0.33 percent while the Sensex shed 74.40 points at 33240. (19-0)
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