Showing posts from April, 2021

M&M Set To Acquire 100% In Meru Travel

Mahindra & Mahindra is set to acquire a complete 100% stake in Meru Travel through a share purchase agree…

Reliance Retail Business Sees A Major Uptick

The quarterly numbers of Reliance Industries reveals that there has been a solid robust performance of the re…

RIL Q4FY21 Net Profit Surges To Rs. 13227 Crore

Reliance Industries (RIL) on Friday after market hours reported a consolidated net profit of Rs. 13,227 crore…

India's UPI To Set Its Foot In International Market

India was one of the first countries in the world to introduce real-time payment rails, with the UPI network …

Sensex Slumps 1,000 Points, HDFC Twins Top Losers

Rising Covid cases and poor cues from across the globe saw selling pressure in stocks today, which was also t…

For Multiplexes, Second Wave Pushes Recovery To Next Fiscal

Multiplexes are set to log operating losses for the second straight fiscal as localised lockdowns, night curf…

Emkay Global Hikes Target Price On Tata Communications

Emkay Global has hiked the target price on Tata Communications and believes that revenue increase will tick a…

4 Reasons Why Indian Markets Snap 4-Straight Days Of Gains

Even as the US stock indices S&P and Nasdaq hit record high in overnight trade, there was seen weakness i…

Markets Fall On Weak Cues, Banking Lead Declines

Benchmark indices fell in trade as global cues were weak, on reports of record Covid-19 cases once again surg…

Bitcoin Prices Hover Around $55K; Ether Keeps Soaring

Despite reaching a new all-time high two weeks ago, Bitcoin (BTC) is expected to end April with its first neg…

Centre To Waive GST On Covid 19 Vaccines

As there has been a cry over high Covid 19 vaccine prices, the centre in a bid to bring down prices on these …

Tatas To Aquire 64.3% Stake In BigBasket Gets CCI Nod

Tata Digital has received approval from the Competition Commission of India (CCI) to acquire up to 64.3 perce…

Covid May Peak In Third Week Of May, 2021: SBI Research

A SBI research report has said that its model suggests that the estimated peak time for Covid-19 infections w…

Motilal Oswal Places A “Buy” Call On The Stock Of ABB

Broking firm Motilal Oswal has placed a "buy" call on the stock of ABB with a price target of Rs 1,…

Sensex Rallies 500 Points, Nifty Reclaims 15,000 Points

Banking stocks led to another rally on the bourses, in which the benchmark indices were set for fourth consec…

Gold Prices Gain As US Continues With Accommodative Stance

Gold prices in Thursday's trade (April 29, 2021) gained in line with international markets after the US F…

Markets Closing: Sensex Zooms 790 Points Led By Financials

Strong buying in financial stocks boosted benchmark indices by 1.6 percent ahead of the monthly expiry of the…

Businesses Can Verify Monthly GSTR Via EVC Till May 31

Providing relief to businesses, the centre on Tuesday said that it has allowed verification of monthly GST re…

Why RBI Fined Rs 40.00 Lakh On This Bank?

The Reserve Bank of India announced on Tuesday that it has fined Himachal Pradesh State Cooperative Bank, Shi…

Ethereum Hits New High On EIB's Digital Bond Sale Plan

On Wednesday, the second leading crypto by market capitalization recorded a new high amid reports about the E…

How Paytm And CRED Are Addressing COVID-19 Oxygen Shortages?

Paytm has launched a fundraising drive to combat the oxygen shortage in India caused by the second wave of th…

Markets Trade Higher, Bajaj Auto Top Gainer

Benchmark indices opened the day marginally higher, as Asian markets were all trading higher. It was the thir…

Top ELSS Funds To Invest In 2021

Tax saving is a meticulous exercise and it is advised if you start in early in the financial year. This is in…

Nifty Trades Higher, Asian Markets Weak

Benchmark indices were trading higher in continuation of a solid rally witnessed on Monday. The Sensex was tr…

Banking System Liquidity Narrows

The banking system liquidity surplus has narrowed to Rs 4.8 lakh crs for the week ended April 23, 2021, Rs 74…

Bitcoin Climbs Above $52K; Teether Crosses $50B Market Cap

Bitcoin (BTC) continues to confound bulls and bears by opening a new weekly candle in the green, moving away …

Reliance And BP Start 2nd Deepwater Gas Field

Reliance Industries Limited (RIL) and BP have announced the start of production from the Satellite Cluster ga…

4 Probable Reasons Which Pushed Sensex By Over 1.5%

Indian indices tracking strength in Asian equities saw some low level buying. This was despite the rising cor…

Nifty Trades Higher On Hopes Of Quick Vaccine Rollout

Benchmark indices rallied in trade despite a surge in coronavirus cases on hopes that there would be quick ro…

ICRA Lowers GDP Forecast On Account Of Lockdown, Curfew

Lockdown across Maharashtra and other states has pushed rating agency ICRA to reduce its FY 2022 GDP to 10.2%…

HCL Tech Stock May See Negative Reaction On Monday

Shares in HCL Tech may fall post its results according to broking firm Emkay Global. According to the broking…

Markets Next Week: Corporate Results, Covid-19 Spread Key

Benchmark indices lost almost 2 per cent in trade this week, as investors continued to worry about the pace o…

India's Forex Reserves Surge To USD 582.406 billion

For the week ended April 16, India's forex reserves surged by USD 1.193 billion to reach USD 582.406 bill…

Markets May See Worst Fall Since May 2020

After erasing Thursday's gains on Friday, Indian markets ended the week with losses for the third straigh…

Best Index Funds To Invest In 2021

Index fund as the name suggest invest in some of the frontline indices including Nifty 50, Bank Nifty etc. An…

Banks Gain After RBI Caps Dividend Payment For FY21

Amid broad based buying, PSU Banks led the marginal rise on the indices. The rally in the PSU Bank, Nifty Ban…

Nifty Pharma Underperforms In A Volatile Market

Even as indices have shed their morning losses and broader markets are outperforming with gains of over 1 per…

Gold Prices Set For Third-Weekly Rally

Gold prices are set for third-weekly gain as a number of factors supported gold price including softer dollar…

Banks Must Cut Dividend Payouts Amid Covid Crises: RBI

To preserve capital and remain resilient in the face of the Covid-19 crisis, the Reserve Bank of India (RBI) …

ICRA Lowers GDP Forecast For 2021-22

The extent to which restrictions are imposed across multiple states on manufacturing, as well as the availabi…

Sensex Ends 374 Points Higher, Nifty Tops 14406 Levels

In a volatile trading session, following morning losses and then overcoming them, indices in the late afterno…

Five Sectors That Will Be Impacted By Lower Oxygen Supply

With demand for medical oxygen soaring, the central government has barred industrial use (except by nine sect…

Benchmark Indices Trade Lower, Covid Risks Weigh

Indian benchmark indices the Nifty and the Sensex opened the day lower as rising Covid 19 cases continued to …

JPMorgan Predicts Bitcoin Weakness; Trades in a Tight Range

Bitcoin (BTC) has been trading in a narrow range for the past few days, indicating that investors are losing …

Oil Prices Above $64/Bl; Mark 1 Yr Of Crash Below Zero

Oil prices today climbed above $64 per barrel, a year ago the US oil futures were dragged below. Now the rall…

Beware SBI Customers! SBI Cautions About Fake Loan Offers

Fraudsters posing as SBI Loan Finance Ltd. and other similar organisations have been alerted by the State Ban…

LIC Earns Highest-Ever Premium in FY21

According to provisional estimates, India's largest life insurer, Life Insurance Corporation of India or …

Life Insurance Companies: Premiums Up 90% On Low Base

Private players' individual weighted received premium (WRP) increased 89.5% YoY in Mar'21 (v/s 23.0% …

Indian Stock Markets Closed, Asian Markets Fall

Indian stock markets were closed today on account a festival. Asian markets were trading with losses followin…

Cement, Tech Stocks Drag Nifty Lower

Benchmark indices fell in the last one hour of trade, led by declines in Cement stocks and IT Stocks, even as…

Net Credit Card Additions In Feb 21 Down 47% YOY

According to digital payments tracker report from Motilal Oswal Financial Services Limited (MOFSL), the Banki…

US Retains India In Currency Manipulation Watchlist

The US has once again retained India in its currency manipulation watchlist among other nations. As per the U…

IT Stocks Fall Even Amid Positive Market Sentiment

Indices at the time of writing this report have pared most of day's gains. However broader markets are se…

Aditya Birla Sun Life AMC Files IPO Draft Papers with SEBI

Aditya Birla Sun Life AMC, a subsidiary of Aditya Birla Capital, has filed a draught red herring prospectus (…

Nifty Opens Higher, Asian Markets Trade Weak

Benchmark indices opened the day higher after Monday's carnage following a sharp increase in Covid-19 cas…

CRISIL Reports A Drop In Quarterly Net Profits

Rating agency CRISIL's saw its consolidated income from operations for the quarter ended March 31, 2021, …

Banks To Be Closed On Wednesday For Ram Navami

On the occasion of Ram Navami on Wednesday, April 21, most banks across the country will be closed. Every yea…

Power Sector Witnessing Steady Uptick In Demand

The Power sector in India is witnessing a steady uptick in demand with average peak demand till date in Apr&#…

LIC Listing To Be Further Delayed Beyond FY22

As per sources who told a leading business daily, LIC listing shall further be delayed as the government may …

Gold Prices Zoom On Dollar Retreat; Rupee Gains Check Upside

Gold futures prices for June delivery on the MCX traded higher by Rs. 215 at above Rs. 47500. This is on doll…

Brokerages Downgrade GDP Following Resurgence Of Covid 19

With the resurgence of COVID-19 cases posing risks to economic recovery, leading brokerages have downgraded I…

BFSI: Lenders Could Turn Cautious

Lenders could turn more risk-averse in unsecured segment and business loans, Emkay Global has stated in its l…

Turkey To Ban Crypto Payments; Bitcoin Price Drops 3%

In a move that cooled global bitcoin prices, Turkey's central bank barred the use of cryptocurrencies and…

Why Gold Has Hit A 7-Week High? Will It Rally Further?

Gold prices continued to rally in the global markets, with Indian gold prices also gaining momentum in line w…

Cheque Bounce: SC Issues Norms for Fast Resolution of Cases

The Supreme Court has issued guidelines for the early resolution of check bounce cases and has asked the Cent…

OCI Card: Renewal Rules Of OCI Cards Relaxed

The Home Ministry has simplified the rules for issuing OCI (overseas citizen of India) cards; a person who ha…

Airlines Will Fly Into Losses This Fiscal Too

Lower domestic air traffic compared with pre-pandemic levels, together with high fuel prices and only a gradu…

Indian Markets Trade Higher, Asia Stays Mixed

Benchmark indices opened the day higher even as the Dow Jones closed over the 34,000 points for the first tim…

Gold Price Continues To Gain; Scales To Over Rs. 47000/10 gm

Amid falling rupee which has now hit 9-month low and rising coronavirus chaos with India recording the most c…

PFRDA Proposes To Relax NPS Entry, Exit Age

Senior citizens who have not yet enrolled in the National Pension System (NPS) will have reason to rejoice. T…

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