Sumitomo Mitsui Financial Group and one other global bank are among five potential investors that have sought information from the Centre about the sale of state equity in IDBI Bank through a formal query process that closed on November 10, people familiar with the matter told ET.
Walmart-owned homegrown ecommerce marketplace Flipkart is likely to facilitate a $700 million employee stock buyback as part of digital payments platform PhonePe’s new financing round, multiple sources briefed on the matter told ET.
Prices of groceries, daily essentials and apparel are likely to fall over the next two quarters as input costs are expected to decline, spurring sales in the process, according to consumer goods makers.
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