Market News Top 10 News SJVN to Set Up 1,000 MW Solar Power Project – Top Indian Market News SJVN to set up 1,000 MW grid-connected solar power project Satluj Jal Vidyut Nigam (SJVN) has secured a contract to set up a 1,000 megawatt (MW) grid-connected solar power project through the bids floated by the Indian Renewable Energy Development Agency (IREDA). The tentative cost for the construction and development of the project is Rs […] Written by Cherian Varghese September 24, 2021September 24, 2021
Market News Top 10 News Vodafone Idea’s Net Loss Widens to Rs 7,319 crore in Q1 – Top Indian Market News Vodafone Idea Q1 Results: Net loss at Rs 7,319 crore Vodafone Idea Ltd (Vi) reported a net loss of Rs 7319.1 crore for the quarter ended June (Q1 FY22). It had posted a net loss of Rs 7,022.8 crore in the previous quarter (Q4 FY21). The telecom operator’s revenue fell 4.7% QoQ (or 14% YoY) […] Written by Cherian Varghese August 14, 2021August 14, 2021
Editorial ONGC Limited: The Indian Energy Giant Since its inception around 65 years ago, ONGC has played a critical role in transforming India’s upstream (oil & gas exploration) sector. With operations spread across the country and the globe, they ensure a steady supply of raw crude oil and gas. The PSU has recently ventured into the production of renewable sources of energy […] Written by Cherian Varghese June 28, 2021June 28, 2021
Market News Top 10 News PharmEasy to Acquire 66% Stake in Thyrocare – Top Indian Market News PharmEasy to acquire 66% stake in Thyrocare for Rs 4,546 crore PharmEasy, an Indian healthcare startup, will acquire a 66.1% stake in diagnostics solutions provider Thyrocare Technologies Ltd for Rs 4,546 crore. API Holdings Ltd, the parent company of PharmEasy, has signed definitive agreements to acquire a 66.1% stake at Rs 1,300 per share from […] Written by Cherian Varghese June 25, 2021June 25, 2021
Market News Top 10 News NSE, ONGC Buys Stake in IGX From Indian Energy Exchange – Top Indian Market News NSE, ONGC buys stake in IGX from Indian Energy Exchange Indian Energy Exchange (IEX) has divested 26% of its equity holding in Indian Gas Exchange (IGX) to the National Stock Exchange of India. NSE will purchase 1.92 crore equity shares of IGX from IEX for Rs 19.20 crore. IEX has also sold 5% of its […] Written by Cherian Varghese March 10, 2021March 10, 2021
Market News Top 10 News Vodafone Idea’s Q3 Net Loss Narrows to Rs 4,532 crore – Top Indian Market News Vodafone Idea Q3 Results: Net loss at Rs 4,532 crore Vodafone Idea Ltd (Vi) reported a consolidated net loss of Rs 4,532.4 crore for the quarter ended December (Q3). It had posted a net loss of Rs 7,218.5 crore in the corresponding quarter last year. The company’s revenue grew 1% YoY to Rs 10,894 crore […] Written by Cherian Varghese February 13, 2021February 13, 2021
Editorial What is a Navratna PSU? Elgibility and Benefits The state-owned companies often find it a bit tough to compete against lavishing private companies. To back public-owned companies, the central government offer them different status. Find about them, here. Written by Sanidhya Bhardwaj December 6, 2020December 6, 2020
Market News Top 10 News SpiceJet Plane Undershoots Runway in Guwahati – Top Indian Market News SpiceJet plane undershoots runway in Guwahati; DGCA grounds 2 pilots A SpiceJet plane undershot the runway while landing at the Guwahati airport on Friday. The Directorate General of Civil Aviation (DGC) has grounded the two pilots who were operating the Bengaluru-Guwahati flight. Officials stated that none of the passengers was hurt in the incident. The […] Written by Cherian Varghese December 5, 2020December 5, 2020
Editorial Why are ONGC and GAIL Share Prices Going up? The share prices of GAIL and ONGC have been showing a huge surge over the past two days. The reasons behind certain stock-specific movements can be quite difficult to comprehend. In this case, there was a clear answer. Find out why both these stocks showed an amazing rally, in this very detailed article. Written by Cherian Varghese December 3, 2020December 4, 2020
Market News Top 10 News Goldman Sachs Raises India’s GDP Forecast for FY21 – Top Indian Market News Goldman Sachs raises India’s GDP forecast for 2020-21 Goldman Sachs has raised its GDP forecast for India to a 10.3% contraction, from the -14.8% it had projected in September. The global financial service provider has stated that it expects economic activity in the country to improve faster than anticipated. The firm has also stated that […] Written by Cherian Varghese November 17, 2020November 17, 2020
Editorial Market News ONGC’s first-ever Quarterly loss amid COVID-19 Oil & Gas Industry One of the eight core industries in India is the Oil and Gas industry. It has a huge influence on cost and decision making of all the important sections of the Indian economy. The growth of the Indian economy has high proximity with the energy demand which thus increases the importance […] Written by Sanidhya Bhardwaj July 23, 2020November 9, 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
