Here is a collection of the most important stories this evening:
Aster DM Healthcare block deal: PE firm Olympus planning $100-mn stake sale with upsize option
The block deal has been launched with an upsize option of an additional 5 percent stake. Based on demand, this could potentially be a $200-million clean up trade with Olympus selling its entire balance 10.1 percent stake. Read More
Ahead of Budget, FM urged to raise STT on HFT F&O trades to limit retail losses
Capital market participants have suggested increasing Securities Transaction Tax on algo-based hedge funds conducting High-Frequency Trading (HFT), among steps to shield retail investors from potentially heavy losses in Futures & Options trading. Read More
Emcure Pharmaceuticals gets Sebi nod for IPO, launch likely in July
The IPO comprises a fresh issue of Rs 800 crore worth of equity shares by the company, and an offer-for-sale (OFS) of 1,36,78,839 equity shares by existing shareholders including promoters. Read More
FSSAI asks airlines to pull up on quality of food served in flights amid safety concerns
The food regulator body met airline officials on June 16 and issued a letter to them after the meeting, as accessed by Moneycontrol.Read More
Accenture’s headcount increases by almost 8,000 in Q3 of FY24
On June 20, Accenture’s quarterly results showed its headcount increased by 7,882 employees to 750,200 in Q3 of FY24. Accenture follows a September-August financial year. Read More
Indian exporters may face higher costs once EU's ecodesign norms kick in
The Ecodesign for Sustainable Products Regulation or ESPR warrants that imported products meet EU's stringent sustainability standards, including a Digital Product Passport for traceability. This aims to ensure that all products entering the common market meet the bloc's high environmental standards. Read More
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