Stock Market News Updates

With crude prices rising up to the $85/bbl mark in the Brent market, the government has raised windfall tax once again on petroleum crude to Rs4,250/tonne. This change will be...

In its July 26, 2023 Fed meeting, the FOMC hiked the rates by another 25 bps to the range of 5.25%-5.50%. This is the highest level of Fed rates since...

The problems for Byju’s could just be getting louder. In a rather surprising statement, one of the key shareholders of Byju’s, Peak XV, has red-flagged serious corporate governance issues at...

SEBI is currently working on an ambitious plan to settle secondary market trades on a real time basis. It may be recollected that only in February 2023, Indian equity markets...

In an interesting move, the Adani group exited the financial services business. It has sold its entire 90% stake in Adani Capital and Adani Housing to Bain Capital for Rs1,440...

Jio Financial Services, which listed on July 20, 2023, has already achieved market cap of $20 billion. This is over and above the market cap of $233 billion for its...

Shree Cements has decided to opt out of the race to buy Sanghi Cements, based out of Ahmedabad. This decision was taken after the due diligence. Shree Cements has aggressive...

Amidst rising corporate governance concerns, the government has ordered an inspection into the books of Byju’s. There have been several governance issues like inordinate delays in submitting financials, a spate...

In a letter to shareholders, Uday Kotak expressed his decision to step down from his executive role as of December 2023. However, he would continue as the non-executive chairman of...

On Tuesday, the GST Council okayed 28% GST on online gaming, casinos, and horse racing. This tax will be levied on the face value. This will bring all these activities...

India’s direct tax collections for FY24 till date is up 24% on yoy basis at Rs4.75 trillion. That is more than quarter of the budget estimates for the full fiscal...

SBI looks to raise up to Rs10,000 crore via additional tier-I bonds (AT-1) this week. However, it is still to take a call on locking in at higher yields. This...

For the June 2023 quarter, Titan reported revenue growth of 20% with double digit growth across all its verticals. This was disclosed as part of its pre-results update. In the...

For the June 2023 quarter, Adani Wilmar reported 25% growth in volumes yoy. This was on the back of strong consumer demand for edible oils and foods. For the quarter,...

According the data furnished by the RBI, nearly 76% of the Rs2,000 banknotes in circulation as on May 19, 2023 worth Rs2.72 trillion were returned to banks; of which 87%...