Stock Market News Updates

With consumer inflation up to 7.44% for July 2023, the government has a new challenge ahead of the upcoming elections. The government wants to free up nearly $12 billion to...

Adani Enterprises is currently mulling sale of 44% stake in Adani Wilmar. Adani Wilmar is a joint venture between Adani Enterprises and Wilmar of Singapore and was listed on the...

As the results announcement for Q1FY24 reach the last stage, SBI emerged as the most profitable Indian company, beating Reliance Industries in the quarter. For the trailing 12 months, net...

It looks like Byju’s could get some relief as it is in advanced talks with the Manipal group for sale of stake in Aakash Education. The Ranjan Pai owned Manipal...

With crude prices rising up to the $85/bbl mark in the Brent market, the government has raised windfall tax once again on petroleum crude to Rs4,250/tonne. This change will be...

In its July 26, 2023 Fed meeting, the FOMC hiked the rates by another 25 bps to the range of 5.25%-5.50%. This is the highest level of Fed rates since...

The problems for Byju’s could just be getting louder. In a rather surprising statement, one of the key shareholders of Byju’s, Peak XV, has red-flagged serious corporate governance issues at...

SEBI is currently working on an ambitious plan to settle secondary market trades on a real time basis. It may be recollected that only in February 2023, Indian equity markets...

In an interesting move, the Adani group exited the financial services business. It has sold its entire 90% stake in Adani Capital and Adani Housing to Bain Capital for Rs1,440...

Jio Financial Services, which listed on July 20, 2023, has already achieved market cap of $20 billion. This is over and above the market cap of $233 billion for its...

Shree Cements has decided to opt out of the race to buy Sanghi Cements, based out of Ahmedabad. This decision was taken after the due diligence. Shree Cements has aggressive...

Amidst rising corporate governance concerns, the government has ordered an inspection into the books of Byju’s. There have been several governance issues like inordinate delays in submitting financials, a spate...

In a letter to shareholders, Uday Kotak expressed his decision to step down from his executive role as of December 2023. However, he would continue as the non-executive chairman of...

On Tuesday, the GST Council okayed 28% GST on online gaming, casinos, and horse racing. This tax will be levied on the face value. This will bring all these activities...

India’s direct tax collections for FY24 till date is up 24% on yoy basis at Rs4.75 trillion. That is more than quarter of the budget estimates for the full fiscal...