Category: Stocks

October 27, 2022 / 12:43 PM IST Karnataka is very happy to have Mallikarjun Kharge as AICC president: Karnataka Congress chief -Karnataka is very happy to have Mallikarjun Kharge as AICC president. We had a meeting today & invited him to first come to K’taka, we want to host a grand reception. I’m sure party will be galvanised, country is looking for a […]

The growth trajectory is bright for organised luggage-makers like VIP with multiple demand drivers Representative image PRO Only Highlights–  Quarterly performance largely backed by improved realisations–  Medium-term triggers China plus and protectionist measures for tyre industry–  Valuations not inexpensive; but improved medium-term outlook Highlights Good show in a seasonally soft quarter Gross margin declines […]

Representative image Dabur on October 26 announced the acquisition of a 51 percent stake in Badshah Masala for a cash consideration of Rs 587.5 crore. The acquisition is expected to be completed before March 31, 2023, the company said in its press release. The acquisition will be subject to the fulfillment of terms and conditions […]

Image: Reuters Microsoft Corp on Tuesday projected second-quarter revenue below Wall Street targets across its business units, stoking fear that macroeconomic headwinds are impacting the cloud business in addition to the PC unit. Revenue growth in the first quarter was Microsoft’s lowest in five years, and shares of the software giant fell 7% in extended […]

Fair-trade regulator fines Google Rs 936 crore for Play Store billing practices The Competition Commission of India has fined Google for the second time in a week for abusing its dominant market position. The antitrust regulator has imposed a penalty of Rs 936.44 crore on Google for its app store billing policies. The commission had […]

With adequate capital, right asset mix, and headroom to add high-yielding assets, Kotak Bank has a decent growth trajectory despite challenges on the deposit front Representative image. PRO Only Highlights–  Quarterly performance largely backed by improved realisations–  Medium-term triggers China plus and protectionist measures for tyre industry–  Valuations not inexpensive; but improved medium-term outlook Highlights […]

Akshata Murthy (Image Source: Wikibio.in) Akshata Murty, the wife of UK Prime Minister Rishi Sunak, was recently in the news for allegedly using her non-domicile status to save millions in taxes and shield her foreign earnings from British tax authorities. The 42-year-old Indian born and Indian national, in April 2022 said that she will start […]

The heated debate about how central banks should respond to high and persistent inflation has focused primarily on how high interest rates should go and how long should they stay there. A third issue, that of front-loading the increases, is particularly relevant in this rate cycle. After all, central banks are seeking not just to […]

Samvat 2079 begins on bullish note, indices gain nearly 1 percent India’s equity markets started Samvat 2079 on an optimistic note with benchmark indices gaining nearly 1 percent, the biggest increase in Muhurat trading in nearly 14 years. The Sensex ended the ceremonial one-hour trading session at 59,832 points, up 0.9 percent, while Nifty gained […]

File image of JSW Steel Ltd CMD Sajjan Jindal The Sajjan Jindal-led JSW Group is foraying into the lending space with an investment of up to Rs 400 crore in a captive non-bank lender housed in its e-commerce arm, a senior official has said. The non-bank finance company (NBFC) will be a subsidiary of the […]

Fuel prices have remained unchanged since May 21 when the Centre had slashed excise duties on petrol by Rs 8 per litre and on diesel by Rs 6 per litre (Representative Image) Petrol and diesel prices held steady across metro cities on October 24 – Diwali, as per the latest price notification issued by fuel […]

A round-up of the biggest articles from newspapers 1. Reserve Bank keeps buying US bonds for fourth consecutive month The Reserve Bank of India (RBI) has continued buying US bond for the fourth straight month amid surging treasury yields. India’s investment in US treasury securities jumped by $ 9. 2 billion in August to $ […]

Reliance Jio Chairman Akash Ambani Jio Chairman Akash Ambani on October 22 announced that the telecom major is launching 5G WiFi services in high footfall areas such as educational institutes, religious places, railway stations, bus stands, commercial hubs and more. Akash Ambani added that the Jio True 5G pilot beta trail has also been extended […]

Reliance Jio Chairman Akash Ambani Jio Chairman Akash Ambani on October 22 announced that the telecom major is launching 5G WiFi services in India. He added that the Jio True 5G pilot beta trail has also been extended to Chennai and Nathdwara. “We are launching Jio’s 5G powered WiFi services in Nathdwara today. I believe […]

The fund was founded by Ajay Jain and Deepesh Agarwal, who were also the founders of Xseed Partners, and it was approved by market regulator Securities and Exchange Board of India (SEBI) in August. PTI October 21, 2022 / 11:57 AM IST Representational image: Shutterstock Venture capital firm Silverneedle Ventures on Friday said it has […]

Representational image: Shutterstock Indian corporates are likely to raise double the amount of funds through the public issue of bonds in the second half of this fiscal than they did in the first, as tighter systemic liquidity and lower fixed deposit rates make these instruments attractive, analysts said. “There is a vast pipeline of companies […]

Indian billionaire Gautam Adani’s group is looking to raise at least $ 10 billion in new debt over the next year as his conglomerate seeks to refinance its high-cost borrowings and fund projects in the pipeline, according to people familiar with the plans. Using multiple instruments including foreign currency debt and green bonds, the Adani […]

Sandeep Bhatia, MD & head of equity India, commodities and global markets, Macquarie Group Macquarie Group Country Head Sandeep Bhatia says he expects Indian markets to perform better than the expectations that existed when the pandemic was raging. He cited two reasons: political stability and the fact that it is an “extremely domestic-focussed economy.” In […]