Author: Sharique Samsudheen

Founder & CEO at fundfolio. Entrepreneur at Heart, Startups, Personal Finance and Investment freak!
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News Shots Hero Motocorp will increase the price of its entire model range by up to Rs 3,000 from next week in order to partially offset the impact of rising input costs. Kotak Mahindra Bank acquired the German carmaker Volkswagen’s captive vehicle finance business for an undisclosed sum. JSW Steel has raised USD 1 billion […]
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News Shots The Centre approved a PLI scheme for the auto sector, especially focusing on environment-friendly automobiles such as electric vehicles (EVs). The over Rs 25,000 crore scheme is likely to boost the production of components as well as give a push to the sector. Auto Stocks to be watched. The telecom services providers like […]
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News Shots Most Asian markets are in the red today after the U.S. announced its inflation data which showed lower than expected inflation for the month of August. Interestingly, SGX Nifty is indicating a gap-up currently. Life Insurance Corporation(LIC) of India’s stake in LIC Housing Finance increased to 45.23% from 40.31% after preferential allotment of […]
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News Shots Reliance Industries has delayed the launch of its ultra low-cost smartphone it is developing with Google, to Diwali, possibly due to semiconductor shortages that the industry is facing. International rating agency S&P maintained Bharti Airtel’s credit rating of “BBB-“, and upgraded outlook to stable from negative, indicating the company’s improved financial status and […]
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News Shots Overseas investors’ interest in HDFC Bank is expected to pick up again after the country’s largest private lender came out of the Foreign Portfolio Investors’ red flag list. Tata Consultancy Services has partnered with South America’s leading airlines Avianca to accelerate its journey to the cloud and digital world. ICRA has assigned ‘AAA’ […]
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News Shots HDFC Bank has signed a pact with the National Small Industries Corporation (NSIC) for providing credit support to the micro, small and medium enterprise (MSME) sector. Dr Reddy’s Laboratories has initiated supply of the first dose component of Russian COVID-19 vaccine Sputnik V to partner hospitals all over the country. Earlier, it suspended […]
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News Shots Infosys has almost completed its buyback programme and its buyback committee will meet on September 8 to consider closure of the buyback programme. Fitch Ratings reported uncertainty over the bidder consortiums and process complexity, including valuation, may lead to potential delays in privatization of India’s second-largest fuel retailer, Bharat Petroleum Corporation. Edelweiss Financial […]
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News Shots The wholly owned subsidiary of Reliance Industries, Reliance Strategic Business Ventures, has acquired 2.28 crore equity shares of Strand Life Sciences for Rs 393 crore. A further investment of up to Rs 160 crore is expected to be completed by March 2023. The total investment will translate into 80.3% of equity share capital […]
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News Shots Granules India has received a licence from the Ministry of Defence to manufacture and market Covid-19 treatment drug 2-Deoxy-D-Glucose.  Dr Reddy’s Labs and Natco Pharma have both launched generic capsules used in the treatment of multiple myeloma(cancer) patients for the Canadian market. Hindustan Aeronautics is considering a stock split on September 21. J&K […]
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News Shots Coal India produced 42.6 million tonnes of coal in August, a 14.6% increase YoY. There is high demand for coal with increasing power demand. Vedanta has declared a dividend of Rs 18.50/share for FY 2021-22, with the payout totalling Rs 6,877 crore. The record date of the dividend is September 9. Vedanta’s subsidiary, […]
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News Shots Maruti Suzuki said it expects production cuts in September of nearly 40% of normal output due to the semiconductor shortage.  Shoppers Stop has sold its subsidiary Crossword Bookstores to the owners of Agarwal Business House, for a valuation of nearly Rs 41.6 crore.  BHEL said it has bagged an order worth Rs 10,800 […]

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