Market News Top 10 News Amara Raja Batteries to Invest in Europe-based InoBat Auto – Top Indian Market News Amara Raja Batteries to invest in Europe-based InoBat Auto Amara Raja Batteries Ltd (ARBL) plans to invest in InoBat Auto, a European technology developer and manufacturer of batteries for e-mobility. The initiative would entail a total investment of €10 million (~Rs 84.35 crore), which includes a subscription of 0.04% stake and convertible loan in InoBat […] Written by Cherian Varghese December 29, 2021December 29, 2021
Market News Top 10 News ZEEL, Sony Sign Definitive Merger Agreement – Top Indian Market News ZEEL, Sony sign definitive merger agreement Sony Pictures Networks India Pvt Ltd (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) have signed definitive agreements to merge the two firms and combine their linear networks, digital assets, and program libraries. SPNI will hold a majority stake of 50.86% in the merged entity. The promoters of ZEEL will […] Written by Cherian Varghese December 22, 2021December 22, 2021
Market News Top 10 News Passenger Vehicle Sales Fall 19% in November – Top Indian Market News Passenger vehicle sales fall 19% in November: SIAM Passenger vehicle wholesales in India fell 19% in November as the semiconductor shortage continued to impact vehicle production. Total passenger vehicle (PV) dispatches last month stood at 2,15,626 units, a decline of 19% from 2,64,898 units in November 2020. Two-wheeler sales fell sharply by 34% YoY to […] Written by Cherian Varghese December 10, 2021December 10, 2021
Market News Top 10 News ITC to Acquire 16% Stake in D2C Brand Mother Sparsh – Top Indian Market News ITC to acquire 16% stake in D2C brand Mother Sparsh ITC Limited has announced plans to acquire a 16% stake in Mother Sparsh for Rs 20 crore through a share subscription agreement. Mother Sparsh is a direct-to-consumer (D2C) Ayurvedic and natural personal care brand that focuses on mother and baby care segments. ITC said the […] Written by Cherian Varghese November 26, 2021November 26, 2021
Market News Top 10 News UltraTech Cement’s Q3 Net Profit Rises 122% YoY – Top Indian Market News UltraTech Cement Q3 Results: Net profit rises 122% YoY to Rs 1,584 crore UltraTech Cement Ltd reported a 122.7% YoY increase in consolidated net profit to Rs 1,584 crore for the quarter ended December (Q3). The company had posted a net profit of Rs 711.17 crore during the corresponding period in FY20. Revenue from operations […] Written by Cherian Varghese January 23, 2021January 23, 2021
Market News Top 10 News CBI Registers Cases Filed by SBI, Canara Bank Over Rs 8,000 crore Fraud – Top Indian Market News CBI registers cases filed by SBI, Canara Bank over Rs 8,000 crore fraud The Central Bureau of Investigation (CBI) has registered two separate cases filed by Canara Bank and State Bank of India regarding fraud to the extent of Rs 7,926.01 crore and Rs 313.79 crore, respectively. The first case was registered against a Hyderabad-based […] Written by Cherian Varghese December 19, 2020December 19, 2020
Editorial Stocks to Benefit from Potential Covid-19 Vaccines The Covid-19 pandemic has caused a deep impact on people’s livelihoods and health. The economic and social disruption caused by this unprecedented pandemic is devastating. As of November 24, official data from John Hopkins University shows that there are more than 59 million confirmed cases of Covid-19 worldwide. The only factor which keeps our spirits […] Written by Cherian Varghese November 27, 2020December 30, 2020
Market News Top 10 News Reliance Retail Completes Fundraising From 10% Stake Sale – Top Indian Market News Reliance Retail completes fundraising of Rs 47,265 crore from 10.09% stake sale Reliance Retail Ventures Ltd.(RRVL) said that it has raised Rs 47,265 crore by selling 10.09% stake to multiple investors. According to an official release from RRVL, the company has completed the current phase of partner induction and fundraise exercise. The investors include Silver […] Written by Cherian Varghese November 19, 2020November 19, 2020
Market News Top 10 News Finance Ministry Announces New Stimulus Package – Top Indian Market News Finance Ministry unveils 12 new stimulus measures through Atmanirbhar Bharat 3.0 The Finance Ministry has announced a series of new measures to provide a further boost to India’s Covid-hit economy. The size of the stimulus package has been estimated at Rs 2.65 lakh crore. The Atmanirbhar Bharat 3.0 has focussed on sectors such as real […] Written by Cherian Varghese November 12, 2020November 12, 2020
Editorial The Pfizer Vaccine – All You Need to Know A major announcement from the United States on November 9 has completely lifted our hopes and spirits! Since March, scientists around the world have been working tirelessly towards creating an effective vaccine against the novel coronavirus. And now, drugmakers Pfizer and BioNTech have come out with a very positive result. The vaccine developed by the […] Written by Cherian Varghese November 12, 2020November 12, 2020
An Analysis of Ashok Leyland The Hinduja Group’s Ashok Leyland has produced some of India’s best buses and trucks over the past seven decades. From school buses to army trucks, the company continues to play a vital role in our country’s development. In this article, learn more about Ashok Leyland Ltd, the second-largest manufacturer of commercial vehicles in India. Ashok […] Written by Cherian Varghese January 12, 2022January 12, 2022
What is DeFi? What are its Applications? While investing or trading in cryptocurrencies, you might have come across a category of tokens known as DeFi or Decentralised Finance. With the advancement of blockchain technology and a large variety of cryptos, many consider DeFi to be the future of financing in the world. In this article, we dive into the world of Decentralised […] Written by Cherian Varghese January 10, 2022January 10, 2022
The Fed Minutes: Explained Minutes of the US Federal Reserve’s December policy meeting were released last week. It outlines the central bank’s plans to speed up measures to keep inflation in check. The US markets fell heavily following the developments as investors are concerned about the aggressive stance of the Fed. The Indian markets declined by up to ~1.5% […] Written by Cherian Varghese January 10, 2022January 10, 2022
