Author: Sharique Samsudheen

Founder & CEO at fundfolio. Entrepreneur at Heart, Startups, Personal Finance and Investment freak!
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News Shots TCS founder Faqir Chand Kohli dies at 96. He was referred to as the father of the Indian IT industry. Vaccine major Serum Institute of India said the Covid-19 vaccine developed by AstraZeneca and Oxford University is safe and effective, and the Indian trials are progressing smoothly with strict adherence to all protocols. […]
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News Shots The government approved the merger of Lakshmi Vilas Bank with DBS Bank India, removing restrictions on the withdrawal of deposits by depositors. Trading in shares will be suspended with effect from today. The shares are to be written off and it will be delisted from Friday. Future Retail Ltd’s plea to be excluded […]
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News Shots Muthoot Finance’s request for a no objection certificate to acquire IDBI Capital Markets & Securities, IDBI Trustee and IDBI Asset Management has not been approved by RBI on the grounds that the activity of sponsoring a mutual fund or owning an asset management company is not in consonance with the activity of an […]
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News Shots Mindtree has bagged a five-year deal from The Nordex Group to help the wind turbine manufacturer simplify, modernise and transform its entire IT landscape globally. Asset quality at non-bank lenders IIFL Finance and Indiabulls Housing Finance is “vulnerable” due to the economic contraction, global ratings agency Moody’s Investors Service said. Muthoot Finance has […]
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News Shots RBI’s internal working group has recommended significant changes across the banking sector. Large corporate or industrial houses may be allowed as promoters, but only after necessary amendments to the Banking Regulation Act, 1949. The cap on promoters’ stake in the long run, over 15 years, may be raised from the current level of […]
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News Shots Pfizer has announced 95% efficiency and has demanded immediate emergency approval for their vaccine. TCS shareholders have approved up to Rs 16,000 crore share buyback plan. Last month, TCS’ board of directors had approved a proposal to buy back up to 5,33,33,333 equity shares of the company. Hero MotoCorp sold more than 14 […]
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News Shots Moderna has announced that their COVID vaccine is 94% effective. Global markets have moved slightly up after the news. SGX NIFTY even crossed 12,900. The government on Monday received ‘multiple’ bids for buying out its stake in India’s second-biggest fuel retailer BPCL but billionaire Mukesh Ambani’s Reliance Industries as well as supermajors Saudi […]
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News Shots Finance Minister announced the much-awaited economic stimulus package “Atmanirbhar Package 3.0” worth Rs 2.65 lakh crores. The amount is to be utilized under 12 verticals. You can read all the details about the package in this special article by marketfeed. Reliance Industries will invest up to $50 million in Bill Gates’ US-based Breakthrough […]
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News Shots Infosys launched Infosys applied AI to help enterprises adopt a comprehensive approach and roadmap to scaling enterprise-grade artificial intelligence (AI) for their businesses. State Bank of India said its board of directors has approved to divest over 8.5 per cent in UTI Trustee Company. NMDC posted over 10 per cent rise in consolidated […]