Stock Market News Updates

There is clarity emerging on LIC IPO. Government filed a revised DRHP with SEBI and the nod is expected on Monday. LIC plans to sell only 3.5% of its stake...

Reliance Industries is on the threshold of hitting market cap of Rs.19 trillion, or approximately $250 billion. Reliance is already the most valuable company in India in terms of market...

In a significant move, Tata Steel has confirmed that it will stop doing business with Russia. This adds to the list of major global companies that have cut business links...

In a bid to close the regulatory arbitrage between banks and NBFCs, the RBI has mandated exposure limits for NBFCs, in line with commercial banks. NBFC exposure in the upper...

WPI inflation for Mar-22 spiked to 14.55% compared to 13.11% in Feb-22. There was a sharp rise in edible oil prices and in power prices. Crude petroleum was the villain...

The GST Council is planning to do away with the 5% GST slab and replace it either with a 3% slab or an 8% slab on a case-by-case basis. This...

Retail inflation in India shot up to 6.95% in March 2022 on the back of a sharp surge in rural inflation. This is the third successive month that CPI inflation...

TCS beat Street estimates in the fourth quarter of FY22 reporting revenues of Rs.50,591 crore. TCS also reported record order book of $11.3 billion at the close of Q4. For...

With sanctions tightening, it looks like Russia may be on the brink of a major external default. Russian bonds are already trading deep in distressed levels after the US Treasury...

RBI released guidelines for digital banking units (DBUs) with a target of setting up 75 DBUs in 75 districts in fiscal year FY23.  As per the guidelines, scheduled commercial banks...

The $40 billion merger between HDFC Ltd and HDFC Bank could run into rough weather because of the insurance franchise of the HDFC group. By default, RBI wants banks to...

Both HDFC and HDFC Bank surged after they announced the merger of HDFC into HDFC Bank in the ratio of 42:25 share swap. The combined entity will have a market...

According to a FICCI Economic Outlook Survey, India's GDP was likely to grow at 7.4% in FY23 due to the negative impact of higher oil prices and the effect of...

The core sector growth for Feb-22 came in at an encouraging level of 5.8%. However, this was largely on account of negative base effect as core sector growth had dipped...

Indian government plans to sell 1.5% stake in ONGC via offer for sale (OFS). The OFS is slated for 30th and 31st March and will boost FY22 disinvestment receipts by...