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
EU to UK: “Don’t take the cake and eat it too” – Top10 Global News 1. Treasuries Slump With Dollar Amid Stimulus Bets Treasuries slid alongside the dollar amid speculation that Washington lawmakers will make progress on talks for stimulus legislation to be financed by trillion-dollar borrowing. U.S. stocks were little changed. The U.S. 10-year treasury yield broke above 0.8% to the highest since June and European yields also rose […] Written by Jaseel Muhammed October 21, 2020October 21, 2020
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
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
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
Yusuff Ali’s Lulu Group win $1 billion investment – Top10 Global News 1. U.S. Stocks Advance on Stimulus Hope U.S. stocks rose on fresh optimism over stimulus talks in Washington, even as a grim milestone highlighted the pandemic’s threat to global economic growth. Treasuries slipped along with the dollar. The S&P 500 Index advanced for a second day today, boosted by apparent progress on a spending package […] Written by Jaseel Muhammed October 19, 2020October 19, 2020
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
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
Jack Ma Readies World’s Largest IPO – Top 10 Global News 1. Jack Ma’s Ant Group Raises IPO Valuation Target to $280 Billion Ant Group plans to increase the valuation target for its initial public offering to at least $280 billion due to strong demand, charging ahead with the sale even as the Trump administration weighs restrictions on the Chinese fintech giant. The company is lifting […] Written by Jaseel Muhammed October 16, 2020October 16, 2020
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
Global Markets Fall as London Goes In to Lockdown – Top 10 Global News 1. U.S. Futures Drop on Jobless Data, Waning Stimulus Hope U.S. stock futures slumped after jobless claims posted an unexpected increase amid waning prospects for more stimulus before the November election. Treasuries and the dollar rose. Risk assets also fell as Europe’s biggest cities clamped down to curb the virus, with central bank officials seeing […] Written by Jaseel Muhammed October 15, 2020October 15, 2020
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
