Stock Market News Updates

For the week ended 14 May, 8 out of the top-10 highest market cap companies on the Nifty lost value to the tune of Rs.113,075 crore. TCS, Infosys and HDFC...

Vedanta reported net profits of Rs.6,531 crore in the Mar-21 quarter compared to a net loss of Rs-12,521 crore in the Mar-20 quarter. The Mar-20 quarter loss was largely on...

A spike in inflation in the US led to a sharp fall in Wall Street on Wednesday, 12 May. The 90 bps spike in inflation is the worst non-core spike...

Indiabulls Housing Finance will divest its mutual fund AMC business to online investment platform Groww for Rs.175 crore. Indiabulls now wants to focus all its bandwidth on the core real...

According to Fitch Ratings, the RBI COVID relief package would, at best, delay the stress for banks and NBFCs in India. Last week, the RBI had rolled out a Rs.50,000...

During the week ended 07 May, a total of 8 out of the 10 most valuable companies in the Nifty added Rs.81,251 crore in market cap. Apart from Reliance Industries...

Hero Moto reported 39% growth in standalone net profit at Rs.865 crore for Mar-21 quarter with the consolidated profits being just marginally higher. Revenues were also up 40% at Rs.8,686...

Bajaj Finance has secured RBI approval to launch a digital wallet. It can now issue and operate a semi-closed prepaid payment instruments or PPI with perpetual validity. The launch of...

Adani Ports and SEZ reported 288% growth in net profit at Rs.1,288 crore for the Mar-21 quarter. Total revenues were up 24% at Rs.3,608 crore. The company now has 41%...

CMIE has projected that the lockdown in April 2021 could have negatively impacted close to 7.5 million jobs in India taking the unemployment levels to a 4-month high of 7.97%....

Five states have given out clear messages in assembly elections. While the DMK swept Tamil Nadu and the LDF took Kerala, there was little surprise that the BJP dominated Assam...

Ahead of the counting of votes on 02 May, the exit polls brought out some clear trends. The polls appeared to indicate a clear win for the DMK in Tamil...

SEBI has stipulated that all Asset Management Companies or AMCs must pay at least 20% of gross salary of KMPs or key management personnel as units of the scheme managed...

SBI central board will shortly consider raising up to $2 billion via issue of bonds in the current fiscal year. The decision is expected in the meeting of the Central...

RBI stipulated that private bank CEOs and MDs will have a maximum tenure of 15 years. This looks like a reaction to the Yes Bank case last year and could...