Market News Top 10 News Cabinet Approves Relief Package for Telecom Sector – Top Indian Market News Cabinet approves 4-year moratorium on AGR dues, 100% FDI in telecom sector The Union Cabinet has approved a four-year moratorium on payment of spectrum dues by telecom companies. The government has also decided to allow 100% foreign direct investment (FDI) in the telecom sector. The Centre has decided to rationalise the definition of Adjusted Gross […] Written by Cherian Varghese September 15, 2021September 15, 2021
Market News Top 10 News Adani Ports Reports 72% YoY Rise in Net Profit in Q1 – Top Indian Market News Adani Ports Q1 Results: Net profit rises 72% YoY to Rs 1,307 crore Adani Ports & Special Economic Zone (APSEZ) reported a 72% YoY increase in consolidated net profit to Rs 1,307 crore for the quarter ended June (Q1 FY22). Net profit has increased by 1.5% when compared to the previous quarter. Its revenue from […] Written by Cherian Varghese August 3, 2021August 3, 2021
Market News Top 10 News Heineken Acquires Additional 14.98% Stake in UBL – Top Indian Market News Heineken acquires additional 14.98% stake in UBL Dutch brewing company Heineken N.V. has acquired an additional 14.98% stake in United Breweries Ltd (UBL). Its total shareholding in UBL has increased from 46.5% to 61.5%. On June 22, SEBI had exempted Heineken from the obligation of making an open offer following its proposed acquisition of shares […] Written by Cherian Varghese June 23, 2021June 23, 2021
Market News Top 10 News Covid-19 Expert Panel Recommends SII’s Covishield for Emergency Use – Top Indian Market News Covid-19 expert panel recommends SII’s Covishield for emergency use The Subject Expert Committee (SEC) on Covid-19 of the Central Drugs Standard Control Organisation (CDSCO) has recommended granting emergency use authorisation (EUA) for ‘Covishield’, a Covid-19 vaccine developed by Oxford University and AstraZeneca. The Pune-based Serum Institute of India (SII) has tied up with AstraZeneca to […] Written by Cherian Varghese January 1, 2021January 1, 2021
Editorial The Honey Scam – All You Need to Know The people of India has fallen prey to another scam. This time, it is a food item that boosts our immunity- Honey! An investigation by CSE has confirmed that brands such as Dabur and Patanjali have been selling adulterated honey. Learn more about the shocking revelations made by CSE, and much more. Written by Cherian Varghese December 7, 2020December 7, 2020
Market News Top 10 News Burger King India IPO Gets Oversubscribed on Day 1 – Top Indian Market News Burger King India IPO subscribed more than 3 times on Day 1 The initial public offering (IPO) of Burger King India was subscribed more than three times on the opening day of the issue. The Rs 810-crore issue has received bids for 23.32 crore equity shares, which was 3.13 times the total issue size. The […] Written by Cherian Varghese December 2, 2020December 2, 2020
Market News Top 10 News Adani Ports’ Net Profit Rises 32% YoY – Top Indian Market News Adani Ports Q2 Results: Net Profit rises 32% YoY to Rs 1,394 crore Adani Ports & Special Economic Zone Ltd. reported a 31.57% year-on-year increase in consolidated net profit at Rs 1,393.69 crore, for the quarter ended September (Q2). The revenue from operations increased by 3% YoY to Rs 2,902.52 crore, during the same period. […] Written by Cherian Varghese November 3, 2020November 3, 2020
TATA Takes Back Air India. What’s Next? On October 8, Puhin Kent Pandey, Secretary of the Department of Investment and Public Asset Management (DIPAM) announced that Tata Sons had won the bid for debt-laden Air India. The news has taken the aviation industry by storm. The airline has returned to the Tata Group after 68 years! In this editorial, we dive into […] Written by Anand P M October 11, 2021October 11, 2021
Analysing a $13 Billion Business Empire: JSW Group Since its inception around 39 years ago, the JSW Group has become one of the most respectable and fastest-growing conglomerates in the world. The $13 billion (~Rs 97.250 crore) business empire operates one of the leading steel companies in India. It even owns some of our favourite sports teams. In today’s article, learn more about […] Written by Cherian Varghese October 8, 2021October 8, 2021
OYO Rooms Files For IPO: Pre-IPO Review Oravel Stays Limited, popularly known as OYO Rooms, has filed its Draft Red Herring Prospectus (DHRP) with the Securities and Exchange Board of India (SEBI). The papers filed by OYO are not final and give only insight into its intention, business model, and the challenges it faces before the IPO. The loss-making company with a […] Written by Maarg Vaidya October 7, 2021October 7, 2021
