Stock Market News Updates

In a major succession move, Mukesh Ambani stepped down as director of Reliance Jio Infocomm, handing over the reins to son Akash. The board had already approved the appointment. The...

With rising global bonds having made foreign borrowings more expensive, Vedanta may fall back upon LIC to fund it to the tune of Rs4,809 crore. It is likely to be...

Exports of finished steel could see a sharp fall of 40% in FY23, due to the export duties imposed. In FY21, the export of finished steel was at a record...

The Burmans of the Dabur group acquired 14.3% stake in Eveready Industries via open offer. This takes their stake in Eveready Industries to 38.3%. The Khaitans have already ceded management...

For the month of May 2022, WPI inflation came in at a 31-year high of 15.88%. This is 80 bps higher than the 15.08% WPI inflation reported in the month...

Retail CPI inflation for the month of May 2022 came in lower at 7.04%. There was some softening of food and fuel prices after the RBI had hiked repo rates....

In the coming week, 2 data points are going to be extremely important for markets. The CPI and WPI inflation in India will largely determine the direction that the RBI...

On 08th June, RBI announced its monetary policy and hiked repo rates by 50 bps to 4.90%. This led to the SDF rate increasing to 4.65% and the MSF and...

With divestments likely to go slow in this fiscal, the government is now planning to monetise assets worth Rs75,220 crore in the coal mining sector in FY23. The coal blocks...

Notwithstanding escalating pressure from world leaders, India looks to double Russian oil imports. Most of the PSU refiners are keen to reduce their cost with the heavily discounted crude from...

As the MPC meet commences on Monday, the street consensus is that there will be another 35-50 bps rate hike by the RBI. The view on CRR hike is more...

India’s largest cement manufacturer, Ultratech Ltd, has approved a Rs12,886 crore capex plan. It looks like a clear strategy to take on the rising influence of the Adani group in...

Auto sales for May 2022 were encouraging, although not exactly comparable with the year ago period. Most of the automobile manufacturers saw strong growth in wholesale dispatches. For May 2022,...

India GDP grew at a much lower rate of 4.1% in the fourth quarter while for full year FY22, the GDP growth at 8.7% was 10 bps lower than the...

Mahindra and Mahindra plans capex of Rs15,300 crore in its auto, farm equipment and EV businesses over next 2 years. While Rs3,200 was pumped in FY22, M&M plans to invest...