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 Cherian Varghese September 29, 2021September 29, 2021
Market News Top 10 News ZEEL to Merge With Sony Pictures Networks India – Top Indian Market News Zee Entertainment announces merger with Sony Pictures Networks India The Board of Directors of Zee Entertainment Enterprises Ltd (ZEEL) has given in-principal approval for the company’s merger with Sony Pictures Network India. Both companies have entered into a non-binding term sheet to combine linear networks, digital assets, production operations, and program libraries. The merged entity […] Written by Cherian Varghese September 22, 2021September 22, 2021
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 Cherian Varghese September 21, 2021September 21, 2021
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 Zydus Cadila’s ZyCoV-D Gets Emergency Use Approval in India – Top Indian Market News Zydus Cadila’s ZyCoV-D gets emergency use authorisation in India The Subject Expert Committee (SEC) of Central Drugs Standard Control Organisation (CDSCO) has recommended the Emergency Use Authorization (EUA) for Zydus Cadila’s Covid-19 vaccine, ZyCoV-D, in India. The three-dose vaccine is applied using a needle-free system known as Tropis, which can also lead to a significant […] Written by Cherian Varghese August 20, 2021August 20, 2021
Market News Top 10 News SpiceJet to Transfer Cargo Business to SpiceXpress – Top Indian Market News SpiceJet seeks shareholders’ approval to hive off cargo, logistics business SpiceJet Ltd has sought permission from its shareholders to transfer its cargo and logistics business to its subsidiary, SpiceXpress. All related assets and liabilities, including trademark, licenses, franchises, customer contracts, and distribution network will be transferred on a slump sale basis to SpiceXpress. The airline […] Written by Cherian Varghese August 17, 2021August 17, 2021
Market News Top 10 News Govt Approves Rs 10,900 crore PLI Scheme for Food Processing Sector – Top Indian Market News Govt approves Rs 10,900 crore PLI scheme for food processing sector The Union Cabinet has approved the extension of a production-linked incentive (PLI) scheme for the food processing sector. An outlay of Rs 10,900 crore has been approved as incentives for domestic manufacturing in the sector. This PLI scheme will help create 2.5 lakh jobs […] Written by Cherian Varghese March 31, 2021March 31, 2021
Market News Top 10 News Govt to Sell Entire 26.12% Stake in Tata Communications – Top Indian Market News Govt to sell entire 26.12% stake in Tata Communications The Indian government will sell its entire 26.12% shareholding in Tata Communications Limited (TCL). It will sell up to 4.59 crore equity shares (forming 16.12% shareholding) of TCL through an offer for sale (OFS) via stock exchanges. The remaining 10% stake will be sold to Tata […] Written by Cherian Varghese March 13, 2021March 13, 2021
Market News Top 10 News India’s Services PMI Rises to 55.3 in February – Top Indian Market News India’s services PMI rises to 55.3 in February India’s services activity expanded at the fastest rate in a year in February. This was driven by an extended robust recovery in domestic demand. However, employment had fallen further and overall input costs increased last month. The IHS Markit Purchasing Managers’ Index (PMI) for services stood at […] Written by Cherian Varghese March 3, 2021March 3, 2021
Market News Top 10 News Eicher Motors’ Q3 Profit Rises by 7% YoY to Rs 533 crore – Top Indian Market News Eicher Motors Q3 Results: Net profit rises 7% YoY to Rs 533 crore Eicher Motors Ltd reported a 7% YoY increase in net profit to Rs 533 crore for the quarter ended December (Q3 FY21). Its revenue jumped 19% YoY to Rs 2,828 crore during the same period. Sales for Royal Enfield increased by 5% […] Written by Sanidhya Bhardwaj February 10, 2021February 10, 2021
Market News Top 10 News Tata Elxsi Reports 39% YoY Rise in Net Profit – Top Indian Market News Tata Elxsi Q3 Results: Net profit rises 39% YoY to Rs 105 crore Tata Elxsi Ltd reported a 39.49% year-on-year (YoY) increase in net profit to Rs 105.2 crore, for the quarter ended December (Q3). This is the highest-ever quarterly profit achieved by the IT company. The firm’s revenue showed a growth of 12.67% YoY […] Written by Cherian Varghese January 12, 2021January 12, 2021
Market News Top 10 News Automakers Fear Container Shortage to Hit Parts Supply, Output – Top Indian Market News Indian automakers fear container shortage to hit parts supply, output Automakers in India are bracing for a parts shortage and possible production losses over the next 3-4 months due to a global shortage of available shipping containers. The concern was put forth by the Society of Indian Automobile Manufacturers (SIAM). The trade body stated that […] Written by Cherian Varghese December 24, 2020December 24, 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
