Stock Market News Updates

As committed in the Union Budget, the government is planning to privatize Oriental Insurance or United India Insurance since their financial health has shown improvement after capital infusions. The state...

India’s domestic air passenger traffic for Jan-21 was down by 40% at 77.34 lakhs on a YOY basis. The data released by the DGCA clearly showed that the lag effect...

Bharti Airtel will buy back 20% of its stake in the DTH arm from Warburg Pincus for a consideration of Rs.3,126 crore. In 2017, Warburg had acquired the 20% stake...

The two IPOs of the week have been oversubscribed well before the closure date. As of Tuesday, the Rs.820-crore IPO RailTel Corporation was subscribed 2.6 times with the retail portion...

After Amazon opted to approach the Supreme Court to stall the FRL-RRIL merger worth Rs.24,700 crore, the Future group has confirmed that it will fight the case legally and ruled...

The government has committed to infuse Rs.3,000 crore as capital into the state-owned general insurers so as to boost their capital buffers. These state-owned insurers that will get funding support...

India’s oldest cement company, ACC, reported 73% growth in PAT at Rs.472 crore as deferred tax credits ended up much bigger than the exceptional write-offs. Revenues were up just 2.08%...

Bank of India reported a 341% jump in Q3 net profit for the Dec-20 quarter at Rs.610 crore. This was largely on the back of lower provisioning. Total revenues were...

Central Bank India reported flat net profits of Rs.165 crore for the Dec-20 quarter despite 10% fall in total revenues at Rs.6,584 crore. CBI saw flat treasury income but retail...

Bharat Petroleum Q3 PAT was down -11.9% at Rs.1,565 crore largely on the back of exceptional losses. The top-line was flat with 1.59% growth in the Dec-20 quarter at Rs.87,293...

The Expert group rejected the Pfizer Vaccine for emergency approval in India as it did not meet the basic condition of conducting adequate tests on a sample of Indian users....

Ultratech, India’s largest cement company will be raising a sum of $400 million in the global market through the issue of ESG Bonds or Sustainable Bonds. There are growing concerns...

SEBI barred Future Group CEO, Kishore Biyani, and brother Anil Biyani from accessing capital markets in any form for a period of the next one year. This order pertains to...

In a significant decision, the Supreme Court has ordered Franklin Templeton to disburse Rs.9,122 crore to unitholders of the six schemes where redemptions were shut down in April 2020, within...

Nirmala Sitharaman presented a brave budget letting the fiscal deficit shoot up nearly 250 bps ahead of market expectations. The FM pegged the fiscal deficit for FY21 at 9.5% and...