Market News Top 10 News RBI Raises Repo Rate to 4.9% – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: RBI raises repo rate to 4.9% The Reserve Bank of India (RBI) has raised its key repo rate by 50 basis points (bps) to 4.90% to curb the rising inflation in our country. It is the second hike by the RBI in […] Written by Cherian Varghese June 8, 2022June 8, 2022
Market News Top 10 News UltraTech Cement to Invest Rs 12,886 crore for Capacity Expansion – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: UltraTech Cement to invest Rs 12,886 crore towards capacity expansion UltraTech Cement Ltd’s board has approved a proposal to invest Rs 12,886 crore to add 22.6 million tonnes per annum (MTPA) capacity to its total production. The company aims to set up […] Written by Cherian Varghese June 2, 2022June 3, 2022
Market News Top 10 News ZEEL Gets Global Rights to Air UAE T20 League – Top Indian Market News ZEEL secures global rights to air UAE T20 League UAE’s T20 League has signed a long-term global media rights contract with Zee Entertainment Enterprises Ltd (ZEEL) to air the tournament exclusively on ZEEL’s channels and OTT platform (ZEE5) across the world. The league comprises six teams competing in a 34-match competition. The matches will air […] Written by marketfeed Team May 24, 2022May 25, 2022
Market News Top 10 News BPCL to Build India’s Largest Green Hydrogen Unit – Top Indian Market News BPCL to build India’s largest green hydrogen unit Bharat Petroleum Corporation Ltd (BPCL) is planning to build India’s largest green hydrogen plant, as it aims to achieve net-zero emissions for its operations by 2040. The company will set up a 20 megawatts (MW) electrolyzer at its refinery in Bina, Madhya Pradesh, to produce green hydrogen. […] Written by marketfeed Team November 24, 2021April 21, 2022
Market News Top 10 News IMF Retains India’s Growth Forecast for 2021 at 9.5% – Top Indian Market News IMF retains India’s growth forecast for 2021 at 9.5% The International Monetary Fund (IMF) has retained India’s gross domestic product (GDP) growth forecasts at 9.5% in 2021 and 8.5% for 2022. However, IMF has lowered its projection for global growth this year as supply disruptions impacted growth outlook for advanced economies, and pandemic dynamics have […] Written by marketfeed Team October 12, 2021April 21, 2022
Market News Top 10 News Jindal Steel and Power Reports Highest Ever Quarterly Steel Sales – Top Indian Market News Jindal Steel and Power Reports Highest Ever Quarterly Steel Sales Jindal Steel and Power Ltd (JSPL) has recorded the highest ever quarterly steel sales in the July-September quarter (Q2 FY22). JSPL’s seel sales volume climbed 32 percent quarter-on-quarter (QoQ) and 10 percent YoY to hit a record high of 2.13 million tonnes during the quarter. […] Written by marketfeed Team October 5, 2021April 21, 2022
Market News Top 10 News Piramal Group Completes Acquisition of DHFL – Top Indian Market News Piramal Group completes acquisition of DHFL for Rs 34,250 crore Piramal Enterprises Ltd (PEL) has completed the acquisition of Dewan Housing Finance Corp Ltd. (DHFL) for a total consideration of Rs 34,250 crore. This includes an upfront cash payment of Rs 14,700 crore and issuance of debt instruments worth Rs 19,550 crore (10-year NCDs at […] Written by marketfeed Team September 29, 2021April 21, 2022
Market News Top 10 News Adani Group to Invest $20 billion in Renewable Energy – Top Indian Market News Adani Group to invest $20 billion in renewable energy The Adani Group has announced plans to invest $20 billion (~Rs 1.47 lakh crore) over the next 10 years in renewable energy generation and component manufacturing. It also aims to produce the world’s cheapest green electron. Over 75% of the group’s planned capital expenditure (capex) until […] Written by marketfeed Team September 21, 2021April 21, 2022
Market News Top 10 News WPI Inflation Rises to 11.39% in August – Top Indian Market News WPI inflation rises to 11.39% in August India’s wholesale inflation, measured by the Wholesale Price Index (WPI), spiked to 11.39% in August 2021. WPI grew 11.16% in July and 12.07% in June. The food articles segment witnessed a (-)1.29% change in August, as prices of vegetables and fruits contracted. Inflation in the fuel and power […] Written by marketfeed Team September 14, 2021April 21, 2022
Market News Top 10 News Bharti Airtel Conducts Cloud Gaming Session on 5G Trial Network – Top Indian Market News Bharti Airtel conducts cloud gaming session on 5G trial network Bharti Airtel has successfully conducted India’s first cloud gaming session in a 5G environment. The demonstration was conducted in Manesar, Gurgaon, as part of the ongoing 5G trials using spectrum allotted by the Department of Telecommunications (DoT). Cloud gaming enables users to stream and play […] Written by marketfeed Team September 2, 2021April 21, 2022
Market News Top 10 News Wipro Reports 36% YoY Rise in Net Profit in Q1 – Top Indian Market News Wipro Q1 Results: Net profit rises 36% YoY to Rs 3,243 crore Wipro Limited reported a 36.65% year-on-year (YoY) increase in consolidated net profit to Rs 3,242.6 crore for the quarter ended June (Q1 FY22). Net profit has increased by 9.09% when compared to the previous quarter. The IT company’s revenue from operations rose 22.4% […] Written by marketfeed Team July 15, 2021April 21, 2022
Major IT Stocks are Falling! Find Out Why! The stock markets have not been kind to investors over the past few months. Foreign institutional investors (FIIs) have pulled out nearly Rs 1.65 lakh crore so far from the Indian equity markets this year. Major IT stocks (mostly considered defensive stocks historically) have been under heavy selling pressure. The NIFTY IT Index has fallen […] Written by Cherian Varghese May 26, 2022May 26, 2022
Aether Industries Ltd IPO: All You Need to Know The IPO ‘may-hem’ continues in the Indian stock markets! Gujarat-based speciality chemical manufacturer Aether Industries Ltd has launched its three-day initial public offering (IPO) today— May 24. In this article, we analyse the company and its IPO. Company Profile – Aether Industries Ltd Established in 2013, Aether Industries Ltd (AIL) is one of the fastest-growing […] Written by Cherian Varghese May 24, 2022May 24, 2022
Is Elon Musk’s Acquisition of Twitter a Mistake? Twitter has been all over the news lately. It’s a widely popular platform for political leaders to address citizens and celebrities to update their fans. Twitter has even become the common man’s public grievance centre. You can simply share anything under the sun (well, sort of). A Tweet can start worldwide movements or stir up […] Written by Anand P M May 23, 2022May 23, 2022
