Market News Top 10 News Government working on next stimulus package – Top Indian Market News Government working on next stimulus package: Finance Ministry official Economic Affairs Secretary Tarun Bajaj, on Wednesday, stated that the Indian Government is working on the next stimulus package. The new stimulus would help to further support the Indian economy, amidst positive signs of a fall in Covid-19 cases. He also stated that the Union Cabinet […] Written by Cherian Varghese October 21, 2020October 21, 2020
Market News Top 10 News PM Modi addresses the Nation – Top Indian Market News PM Modi addresses the nation, reminds citizens that fight against virus must not stop Prime Minister Narendra Modi, in his address, stated that India has come a long way from the first lockdown restrictions in March. He announced that economic activities are increasing rapidly, and several Covid-19 vaccines are approaching final testing stages in India. […] Written by Cherian Varghese October 20, 2020October 20, 2020
Market News Top 10 News Top Global News Google faces Lawsuit for Abuse of Power – Top 10 Global News 1. U.S. Stocks Advance on Stimulus Hope U.S. stocks rose as lawmakers race to finalize a stimulus deal before the Nov. 3 election. The S&P 500 rebounded from Monday’s selloff over reported differences in stimulus negotiations. Overnight gains faded after the U.S. Justice Department said it was poised to sue Google for allegedly abusing its […] Written by Jaseel Muhammed October 20, 2020October 20, 2020
Market News Top 10 News Kalyan Jewellers gets approval from SEBI – Top Indian Market News Kalyan Jewellers gets approval from SEBI to conduct IPO Kalyan Jewellers India Ltd has received approval from market regulator SEBI to go ahead and raise Rs 1,750 crore through an initial public offering (IPO). The initial sale of shares consists of the issuance of fresh equity aggregating to Rs 1,000 crore, and an offer for […] Written by Cherian Varghese October 19, 2020October 19, 2020
Market News Top 10 News IndusInd Bank fined Rs 4.5 crore – Top Indian Market News IndusInd Bank fined Rs 4.5 crore for non-compliance with RBI provisions RBI has imposed a penalty of Rs 4.5 crore on IndusInd Bank for non-compliance with certain provision norms. Through an inspection by RBI, it has been found that the bank has not adhered to exposure norms, and norms for Income Recognition, Asset Classification (IRAC). […] Written by Cherian Varghese October 17, 2020October 17, 2020
Market News Top 10 News HCL Tech reports 18.5% YoY increase in net profit- Top Indian Market News HCL Tech reports 18.5% year-on-year increase in net profit IT firm HCL Technologies reported an increase in net profit by 18.5% year-on-year (YoY) to Rs 3,142 crore, for the quarter ended September (Q2). The company’s revenue grew 6.1% YoY to Rs 18,594 crore. HCL Tech has also announced an interim dividend of Rs 4 per […] Written by Cherian Varghese October 16, 2020October 16, 2020
Market News Top 10 News Mindtree’s net profit rises 88% YoY- Top Indian Market News Mindtree’s net profit rises 88% year-on-year to Rs 254 crore IT services company Mindtree Limited on Thursday reported a rise in net profit by 87.9% year-on-year (YoY) to Rs 253.7 crore for the quarter ended September (Q2). The company’s revenue increased by 0.6% YoY to Rs 1,926 crore. Mindtree has also declared an interim dividend […] Written by Cherian Varghese October 15, 2020October 15, 2020
Market News Top 10 News Infosys’ net profit rises 20.5% YoY- Top Indian Market News Infosys’ net profit rises 20.5% year-on-year Infosys Limited has reported a 20.5% year-on-year (YoY) rise in net profit at Rs 4,845 crore, for the quarter ended September 30 (Q2). The company has declared an interim dividend of Rs 12 per share. Infosys also announced that it will roll out salary increases and promotions across all […] Written by Cherian Varghese October 14, 2020October 15, 2020
Market News Top 10 News Wipro announces share buyback plan – Top Indian Market News Wipro announces Rs 9,500 crore share buyback plan The Board of Directors of Wipro Limited has approved a share buyback plan that would cost the company Rs 9,500 crore. The company would purchase 23.75 crore shares at Rs 400 per share. The buyback size is 4.16% of the total paid-up equity share capital of the […] Written by Cherian Varghese October 13, 2020October 13, 2020
Market News Top 10 News Government announces economic stimulus to boost demand – Top Indian Market News Government announces economic stimulus to boost demand by Rs 73,000 crore Finance Minister Nirmala Sitharaman, on Monday, announced major schemes to boost demand in the country by nearly Rs 73,000 crore. An additional amount of Rs 25,000 crore has been allotted to the capital expenditure budget and will be spent on roads, water supply, etc. […] Written by Cherian Varghese October 12, 2020October 12, 2020
Market News Top 10 News Vedanta delisting offer fails – Top Indian Market News 1. Loan moratorium cannot be exceeded beyond six months: RBI tells Supreme Court The Reserve Bank of India (RBI) filed an affidavit before the Supreme Court, stating that it cannot give more time as relief for sectors affected by the Covid-19 pandemic. It also said that it is not possible to extend the moratorium period […] Written by Cherian Varghese October 10, 2020October 11, 2020
Market News Top 10 News GDP to contract by 9.5% in FY21 – Top Indian Market News GDP to contract by 9.5% in FY21: RBI Governor At the central bank’s monetary policy meeting, RBI Governor Shaktikanta Das said that India’s Real GDP is likely to contract by 9.5% in FY21 (2020-21). He stated that the shrink in economic growth during the first quarter of the financial year is behind us. The Repo […] Written by Cherian Varghese October 9, 2020October 11, 2020
TCS: Tata Group’s Cash Cow TCS has become one of the top IT companies in the world. Even though we have heard of the company, most of us are not really aware of the services that they provide, or the scale at which they operate. It is important to know certain relevant details and facts of a company, before investing […] Written by Cherian Varghese October 16, 2020October 16, 2020
Wipro : A True Long Term Candidate? Wipro is a leading Indian multinational corporation that provides global information technology, consulting and business process services. The company was incorporated in 1945 as a manufacturer of vegetable and refined oils. In 1970-80, ‘Western India Palm Refined Oil Limited’ (now known as Wipro) shifted its focus towards the Indian IT industry. Under the leadership of […] Written by Sanidhya Bhardwaj October 15, 2020October 15, 2020
The Barings Bank and the Rogue Trader How many times have you heard that a single employee of the bank has caused the whole bank to shut down? How many times have you heard that a single employee was the reason behind the collapse of a 200-year old bank? I am sure, not very often. Today, we bring one such story which […] Written by Sanidhya Bhardwaj October 14, 2020October 14, 2020
