RIL to Invest $80 billion in Green Energy Projects in Gujarat – Top Indian Market News RIL to invest $80 billion in green energy projects in Gujarat Reliance Industries Ltd (RIL) will invest $80.49 billion (~Rs 5.95 lakh crore) in green energy and other projects in Gujarat. The company will invest Rs 5 lakh crore over 10-15 years to set up a 100 gigawatts renewable energy power plant. RIL will invest […] Written by Cherian Varghese January 13, 2022January 13, 2022
L&T Bags Order for Mumbai-Ahmedabad Bullet Train Project – Top Indian Market News L&T secures third order for Mumbai-Ahmedabad bullet train project Larsen & Toubro (L&T) has secured a third order for the Mumbai-Ahmedabad High Speed Rail from the National High Speed Rail Corporation Ltd (NHSRCL). The order includes the design and construction of civil & building works for a double-line high-speed railway of a length of 8.198 […] Written by Cherian Varghese January 10, 2022January 10, 2022
India’s Manufacturing PMI Falls to 55.5 in December – Top Indian Market News India’s manufacturing PMI falls to 55.5 in December India’s manufacturing activity expanded in December but at a slower pace than the previous month. The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) stood at 55.5 in December, compared to 57.6 in November. Output remained in the growth territory amid a slower rise in sales and […] Written by Cherian Varghese January 3, 2022January 4, 2022
Cipla to Launch Covid Drug Molnupiravir in India – Top Indian Market News Cipla to launch oral anti-viral covid drug Molnupiravir in India Cipla Ltd has received emergency use authorisation (EUA) permission from the Drugs Controller General of India (DCGI) to launch antiviral drug Molnupiravir. The drug is used to treat mild-to-moderate cases of Covid-19. The pharma company plans to launch Molnupiravir under the brand name Cipmolnu. Cipla […] Written by Cherian Varghese December 28, 2021December 28, 2021
Shriram Group to Merge its Two Listed Lending Units – Top Indian Market News Shriram Group to merge its two listed lending units The Shriram Group has announced that Shriram Capital Ltd (SCL) and Shriram City Union Finance (SCUF) will merge with Shriram Transport Finance Company (STFC) as part of its corporate restructuring. The merged entity, Shriram Finance Ltd, would be the largest retail non-banking finance company (NBFC) in […] Written by Cherian Varghese December 13, 2021December 13, 2021
India’s New Crypto Bill Plans to Ban Private Players – Top Crypto News India’s new crypto bill plans to ban private players There is a concern in the market that India may go for a ban on private cryptocurrencies. The winter session will begin on 29th November. The government also plans to create a new digital currency that will be issued by RBI. Mixed messages on crypto tax […] Written by Amal M Prashanth November 24, 2021November 24, 2021
IMF advises El Salvador on Bitcoin – Top Crypto News IMF recommends El Salvador not use bitcoin as legal tender The International Monetary Fund (IMF) on Monday said El Salvador should not use bitcoin as legal tender, considering risks related to the cryptocurrency. The IMF statement came just after El Salvador announced that he was planning to build Bitcoin city. Cryptocurrencies fade on news that […] Written by Amal M Prashanth November 23, 2021November 23, 2021
Dogecoin is the Most Googled Cryptocurrency in the US – Top Crypto News Shiba Inu Slips in Coinbase Volume Rankings After Topping the List for 2 Weeks SHIB accounted for 6.72% of the total turnover on Coinbase, the Nasdaq-listed crypto exchange, slipping to the third position behind Bitcoin and Ether. SHIB is still ahead of prominent cryptocurrencies like programmable blockchains Solana and Polkadot’s SOL and DOT tokens. French […] Written by Amal M Prashanth November 22, 2021November 22, 2021
Digital Currencies Won’t Impact US sanctions – Top Crypto News Digital currencies won’t impact US sanctions, Treasury exec says Central bank digital currencies (CBDC) like Russia’s digital ruble do not pose any threat to United States sanctions, according to the U.S. Deputy Treasury Secretary Wally Adeyemo. In a CNBC interview on Wednesday, Adeyemo argued that the U.S. dollar “will remain the dominant currency in the […] Written by Amal M Prashanth November 20, 2021November 20, 2021
Crypto Ban Unlikely in India, but Govt to Discourage Trade – Top Crypto News Crypto Ban Unlikely in India, but Govt to Discourage Trade According to reports, the Indian government has indicated that it plans to regulate cryptocurrencies to prevent investors from holding them without any restriction. However, the Centre does not want to ban crypto coins entirely, as it had planned earlier. The Centre is likely to allow only […] Written by Amal M Prashanth November 19, 2021November 19, 2021
Manappuram Finance Posts 8% YoY Fall in Net Profit in Q2 – Top Indian Market News Manappuram Finance Q2 Results: Net profit falls 8.8%% YoY to Rs 369 crore Manappuram Finance Ltd reported an 8.8% YoY decline in consolidated net profit to Rs 369.88 crore for the quarter ended September (Q2 FY22). Its income from operations fell 2.15% YoY to Rs 1,531.92 crore during the same period. Assets under management (AUM) […] Written by Cherian Varghese November 13, 2021November 13, 2021
Bitcoin Crosses $50,000 Mark – Top International News Markets Bounce Back Up; Tech Stocks Rally Stocks in the U.S. market moved up in the first day of the week along with European peers, gaining back from the dips of last week. The S&P 500 and NASDAQ 100 moved up continuing momentum from Friday evening. The commodity market has started stabilising with crude back […] Written by marketfeed Team August 23, 2021August 23, 2021
