Stock Market News Updates

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...

During the emergency meeting of the Federal Reserve, the FDIC and the Fed decided to create a fund that allows regulators to backstop more deposits facing a run like SVB...

Abu Dhabi Investment Authority (ADIA) and ChrysCapital are in advanced talks to invest up to $600 million in Lenskart. The deal is expected to offer Lenskart an enterprise valuation of...

For the first time since 2015, India is facing an inverted yield curve. India's 1-year government bond yield rose above the 10-year bond yield, following higher than expected cut-off for...

Adani Group has prepaid Rs7,374 crore of share-backed financing to domestic and global institutions; 2 years ahead of schedule. The idea is to aggressively cut down on promoter leverage backed...

For the week ended 03rd March 2023, 5 of the top 10 most valuable companies by market cap on the NSE added Rs88,605 crore in market value. The gains were...

In a swift move, the promoters of Adani Group sold shares worth Rs15,446 crore (or just under $2 billion) in 4 listed entities to GQG Partners. This is the fund...

Bajaj Finserv got regulatory license to commence mutual fund business. Bajaj Finserv AMC will be the investment manager and soon plans to start originating equity, debt and hybrid funds. It...