Stock Market News Updates

The IPO rush is gathering steam with 23 companies revving up to raise Rs.44,000 crore via IPOs in the Mar-22 quarter. A major chunk of the funds will be raised...

The food subsidy bill for FY22 is expected to be less than Rs.400,000 crore compared to Rs.529,000 crore in FY21. Out of this nearly Rs.225,000 crore is by way of...

The last meeting of the GST Council for 2021 will be held on 31-December to debate rate rationalization. The meeting also proposes to discuss the correction in duty inversion in...

While the gross NPAs in FY21 fell to 7.3% from 8.2% a year earlier, RBI has still warned in its Report on Trends and Progress in Banking, that asset quality...

The impact of RBI appointing Yogesh Dayal to the board of RBL Bank was felt on Monday morning. The stock of RBL Bank slipped 20% and actually touched a 52-week...

Over the weekend, major question marks were raised over the health of RBL Bank after the CEO was asked to proceed on leave and RBI nominated Yogesh Dayal to the...

Indian Oil Corporation will invest Rs.9,028 crore to lay a new crude oil pipeline from Mundra in Gujarat to Panipat in Haryana. The pipeline will have a capacity of 17.5...

Bharat FIH, a subsidiary of Foxconn, filed DRHP with SEBI for its proposed Rs.5,004 crore IPO. It will comprise of a fresh issue of Rs.2,502 crore and an OFS of...

SBI acquired a minority stake in JSW Cement with an investment of Rs.100 crore via CCPS. The conversion of CCPS into equity will be linked to the company’s future business...

The Competition Commission of India or CCI has given its go-ahead to the acquisition of Air India by the Tatas. The acquisition will be done by Talace, an affiliate of...

For the week ended on 17th December, a total of 8 out of the top-10 most valuable companies by market cap on the Nifty saw wealth erosion to the tune...

Square Yards, one of India’s foremost PropTech firms, plans to file DRHP with SEBI for a Rs.1,500 crore IPO. The IPO will be a mix of fresh issue and an...

The Union Cabinet approved an Rs.76,000 crore production linked incentive (PLI) scheme for semi-conductors on 15-Dec in light of the acute global shortage impacting the auto industry. The PLI incentives...

WPI inflation (producer inflation) for Nov-21 scaled a 13-month high of 14.23%. This was largely led by a sharp uptick in the cost of minerals, fuel, oil & gas and...

Retail inflation for November touched a 3-month high of 4.91% due to a spike in food prices. However, the CPI inflation remains within the upper limit of 6% prescribed by...