Stock Market News Updates

Reliance Industries Jio Infocomm raised $5 billion via foreign currency loans. This is the largest syndicated loan in India's corporate history. RIL raised $3 billion from 55 banks while Reliance...

Adani Ports has completed the acquisition of Karaikal Port Private (KPPL) pursuant to NCLT approval. Adani Ports will pay an acquisition consideration of Rs1,485 crore under the CIRP process, which...

GST collections for March 2023 came in at an impressive Rs160,122 crore. With that, FY23 GST collections have crossed Rs18 trillion. This is nearly 13% higher on MOM basis and...

The decision to demerge the financial services arm of Reliance Industries is expected to be taken when the board meets on 02nd May 2023. Lenders and shareholders of RIL will...

SEBI extended the deadline for updating Nomination Choice in demat accounts by 6 months till September 30th 2023. The original deadline was 31st March 2023. Investors not activating their demat...

The Finance Ministry has directed PSBs to monitor and provide for pledged shares of companies. In the past, pledged shares have fallen sharply in value when there has been a...

On Day-1 of the OFS of Hindustan Aeronautics Ltd, the government has already garnered twice the demand of the entire 3.5% portion. While the base price was set at Rs2,450,...

The government of India plans to divest 3.5% stake in Hindustan Aeronautics Ltd (HAL) via offer for sale (OFS) in the current fiscal. The stake sale will help the government...

A recent note by S&P Global Ratings has underlined that Indian lenders were capable of enduring any potential contagion effects from the US banking turmoil as well as the sale...

As part of the rescue plan for Silicon Valley Bank (SVB), the Federal Deposit Insurance Corporation (FDIC) plans to break up the bank and hold 2 separate auctions for traditional...

UBS of Switzerland may be close to a total takeover of Credit Suisse to rescue the latter from the brink of a major crisis. While the Swiss government is keen...

In a rather surprising move, Rajesh Gopinathan stepped down from the role of MD and CEO of TCS, making way for K Krithivasan to take on the role as interim...

India’s trade deficit for the month of February 2023 dipped marginally to $17.43 billion, but sharply lower than the $30 billion trade deficit that had been scaled in June 2022....

Moody's Investors Service has lowered its outlook on the US banking system from “Stable” to "Negative". This downgrade was triggered  by heightened risks after the unravelling of SVB Financial and...

India CPI inflation for February 2023 came in marginally lower at 6.44%, but still well higher than the RBI outer tolerance limit. Food inflation remained flat at 5.95% while core...