Stock Market News Updates

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...

Tata Motors has reportedly secured clearance from the Gujarat government for its proposed takeover of the passenger car manufacturing plant of Ford Motor Company. The plant is located at Sanand,...

India may revise its stake sale in BPCL lower and sell just about 20-25% stake instead of selling its entire 52.98% stake in BPCL. The government had originally planned to...

The decision by Holcim to sell its India business to Adani family will not attract capital gains tax. The deal is being routed through an offshore Mauritius entity. On Sunday,...

The battle for the stake in Gujarat Ambuja has finally been sealed with Adani group emerging the winner. Adani will pay $10.5 billion or Rs.81,300 crore for the 63.2% stake...

For the month of March 2022, the IIP grew 1.9%, compared to 1.7% in February 2022. Manufacturing growth was still weak at 0.9%. This marks the fifth consecutive month that...

RBI is reportedly planning to raise its inflation projections and also trigger a series of rate hikes, which could be announced in the June 2022 MPC meeting. RBI had already...

The month of Apr-22 saw a resurgence in flows into debt funds but equity fund flows tapered to Rs.15,890 crore, as investors became cautious amidst volatility. The persistent selling by...