Newsletter

Bajaj Finance has reported 30% higher net profits for the March 2023 quarter at Rs3,158 crore. The big push to the net profits came from the sharp growth in net...

SEBI has explicitly prohibited stock brokers and clearing members from creating new bank guarantees on client funds. This will be effective from May 2023 and all open guarantees must be...

The Mumbai based pharmaceutical major, IPCA Laboratories, approved the acquisition of 33.38% stake in Unichem Laboratories for a consideration of Rs1,034 crore at a price of Rs440/share. One of the...

Reliance Industries has confirmed that it had dropped plans to merge its subsidiary company, Reliance New Energy Limited (RNEL) into itself. RNEL is the company that will undertake the group’s...

Even as IT stocks have corrected sharply amidst heavy sell-off by the FPIs, there has been a sharp fall in the weight of the IT sector in the Nifty-50 index....

According to Citigroup, equities and other risk assets could take a hit as central banks withdraw $800 billion of stimulus. Central banks have infused trillions of dollars into the global...

WPI inflation for March 2023 fell to a 29-month low of 1.34% compared to 3.85% in February 2023. There was a fall across manufacturing inflation, fuel inflation and primary inflation...

For the week ended 13th April, 7 of the top-10 most valued companies added Rs67,860 crore in market valuation. ICICI Bank and HDFC Bank were the big gainers. In terms...

Adani group has raised strong objections to the report in the Financial Times, London; which says that half of the FDI flows into Adani group were from connected offshore entities....

It has been a tough quarter for start-up funding. In fact, start-up funding in India fell by 75% yoy for the quarter ended March 2023. At $2.8 billion across 301...

Reliance Industries Jio Infocomm raised $5 billion via foreign currency loans. This is the largest syndicated loan in India's corporate history. RIL raised $3 billion from 55 banks while Reliance...

Adani Ports has completed the acquisition of Karaikal Port Private (KPPL) pursuant to NCLT approval. Adani Ports will pay an acquisition consideration of Rs1,485 crore under the CIRP process, which...

GST collections for March 2023 came in at an impressive Rs160,122 crore. With that, FY23 GST collections have crossed Rs18 trillion. This is nearly 13% higher on MOM basis and...

The decision to demerge the financial services arm of Reliance Industries is expected to be taken when the board meets on 02nd May 2023. Lenders and shareholders of RIL will...

SEBI extended the deadline for updating Nomination Choice in demat accounts by 6 months till September 30th 2023. The original deadline was 31st March 2023. Investors not activating their demat...