NIFTY50 opened in uncertainty on Tuesday after falling 2.40% in its previous trading session. The fall has been attributed to multiple factors such as interest rate hikes by the central banks around the world, rising Covid cases, high inflation and a weakening Rupee. Further, the losses spread to leading large-cap stocks as well as two [...]
The Indian equity investors are facing a hard time in the market in 2022 so far with the NSE’s Nifty 50 has given a negative return of -10.14% YTD. The majority of the Indian stocks are trading in red this year and only 12 out of 50 stocks in Nifty 50 have given positive returns [...]
Hindustan Motors has been hitting the upper circuit for the last 11 trading sessions over the news of its comeback. The shares of the carmaker have climbed 133% in the last month and 187% over the last year. As of 10:00 IST, the stock was trading at ₹ 25.50 per share. As per the developments, [...]
Venture capital firm Sequoia India and Southeast Asia has raised USD 2.85 billion - the highest ever in one tranche by any venture capital fund - to fund startups and other ventures in the region, the company said in a statement. Of the funds raised, USD 2 billion is dedicated to India across two funds, [...]
A promoter entity of packaging solution provider Uflex Ltd on Monday bought the company's shares worth Rs 21 crore through an open market transaction. According to block deal data available with the National Stock Exchange (NSE), Flex International Pvt Ltd purchased 3,65,000 shares from Montage Enterprises at an average price of Rs 585 apiece, valuing [...]
Srei Equipment Finance on Monday said its administrator has received a report from the transaction auditor about certain fraud transactions in FY20 and FY21, bearing a monetary impact of over Rs 3,025 crore on the Srei group. The Reserve Bank had, in early October last year, superseded the boards of Srei Infrastructure Finance Limited (SIFL) [...]
The government on Monday said it will pursue recovery of USD 3.85 billion from Reliance Industries and its partners in the Panna/Mukta and Tapti oil and gas fields case and is mulling an appeal against an English court order over cost recovery dispute in the same fields. Reacting to an English High Court last week [...]
Zydus Lifesciences on Monday said its Rs 750 crore-share buyback offer will commence on June 23 and close on July 6. The drug firm, earlier known as Cadila Healthcare, has fixed July 15, 2022 as the last date for the settlement of bids on stock exchanges which may even happen early, as per a regulatory [...]
Gujarat-based Torrent Power on Monday said it has acquired 50-megawatt solar assets from SkyPower Group at an enterprise value of Rs 416 crore. The solar power plant -- a special purpose vehicle (SPV) located in Telangana -- has a long-term Power Purchase Agreement with Northern Power Distribution Company of Telangana Limited (NPDCTL) for 25 years [...]
The government on Monday asked online food business operators like Swiggy and Zomato to submit a proposal within 15 days on improving their consumer grievance redressal mechanism amid rising complaints from customers. "The Department of Consumer Affairs has directed major e-commerce Food Business Operators (FBOs) to furnish the current framework as well as a proposal [...]
Bharat FIH, a subsidiary of FIH Mobiles and a Foxconn Technology Group company, has received capital markets regulator Sebi's go ahead to raise Rs 5,000 crore through an Initial Public Offering (IPO). The initial share-sale of Bharat FIH comprises fresh issue of shares worth Rs 2,502 crore and an offer for sale of up to [...]
Air-conditioner and commercial refrigeration company Blue Star Ltd on Monday announced the appointment of renowned HR expert Anita Ramachandran as an independent director for a term of five years with effect from June 13, 2022. She will also be a member of the Nomination and Remuneration Committee and the Corporate Social Responsibility Committee, the company [...]
Retail inflation eased to 7.04 per cent in May, mainly on account of softening food prices, though it remained above the RBI's upper tolerance level for the fifth consecutive month, government data showed on Monday. The Consumer Price Index (CPI) based inflation was 7.79 per cent in April. In May 2021, the retail inflation stood [...]
Bitcoin has broken the key support level of $28,500 on Saturday and has dropped to a new low this year. BTC is down by 20% in the past six days and is currently trying to gain the support of near $24,000. The sudden trigger for the crypto crash appears to be a massive selling by [...]
The government's spending on information and technology will grow 12.1 per cent to USD 9.5 billion in 2022, an analyst firm estimated on Monday. The growth estimate is less than a 15 per cent jump in the government's IT (Information and Technology) spending in 2021, and higher than the 5 per cent growth estimated at [...]
Foreign lender HSBC India on Monday announced that it will lend USD 250 million to startups in the country. The bank did not specify the timeframe for disbursal of the amount The lending will be done to high-growth, tech-led startups in the third largest startup ecosystem in the world, the lender said in a statement. [...]
Realty firm Trehan Group on Monday said it will invest Rs 125 crore to develop a housing project comprising only 641 residential plots at Neemrana in Rajasthan. The project 'Trehan Vilasa City' is spread over 40 acres. The plots are being sold in a price range of Rs 16 lakh to Rs 30 lakh, the [...]
Mutual funds focused on investing in fixed-income securities witnessed a net outflow of Rs 32,722 crore in May in the wake of Reserve Bank of India (RBI) stance on monetary policy turning hawkish to tackle inflation driven by global factors. This comes following an inflow to the tune of Rs 54,656 crore in April, data [...]
The shares of Adani Green and Adani Transmission were holding strong against the general decline in the markets. Adani Green was trading at ₹ 1,782 or 1.40% up as of 13:10 IST. Similarly, the power distribution arm of the energy to oil conglomerate climbed 1.15% to touch ₹ 2,075 per share. Contrast this with the [...]
Crompton Greaves Consumer Electricals Ltd on Monday said it plans to raise long-term funds up to Rs 925 crore through the issuance of non-convertible debentures on a private placement basis. The board of directors of the company at its meeting held on Monday also approved the buyback of rated, listed commercial paper aggregating to up [...]
