Newsletter

In a swift move, the promoters of Adani Group sold shares worth Rs15,446 crore (or just under $2 billion) in 4 listed entities to GQG Partners. This is the fund...

Bajaj Finserv got regulatory license to commence mutual fund business. Bajaj Finserv AMC will be the investment manager and soon plans to start originating equity, debt and hybrid funds. It...

On 28th February, the MOSPI announced the Q3 final GDP growth figure and also the second advance estimate of full year FY23 GDP growth. GDP growth for Q3FY23 came in...

According to data released by RBI, credit growth at Indian banks doubled to 16.8% in Q3FY23. In December 2021 quarter, credit growth had expanded by just 8.4%. Credit growth was...

IOC has allocated Rs200,000 crore to set up green hydrogen plants at all refineries to achieve net-zero emissions by 2046. IOC is remodelling its business with enhanced focus on petchem...

The US President Joe Biden nominated Ajay Banga for the post of president of World Bank. According to Biden, Ajay Banga was uniquely equipped for the top job at World...

The Monetary Policy Committee minutes announced on 22nd February, hinted at increasing degree of concern among members over inflationary pressures. Even as Ashima Goyal and Jayant Varma dissented, the other...

Power stocks rallied on Tuesday after the Power Ministry mandated that imported coal based plants will be run at full capacity ahead of peak summer demand. Adani Power was locked...

Adani Ports, a bid to cut its debt, has repaid Rs1,500 crore loan to SBI Mutual Fund and is planning to pay out more to reduce its debt levels. The...

Foreign portfolio investors (FPIs) turned net buyers in the last week, infusing Rs7,666 crore into Indian equities. This comes after outflows of Rs3,920 crore in the week before that from...

It was a tough week with the market value of 7 out of 10 most valuable companies in India by Market cap saw erosion of Rs216,093 crore. Reliance and SBI...

For the fourth quarter ended December 2022, the US economy grew 2.9% despite pressure on interest rates and fears of a looming recession. This is slightly lower than the 3.2%...

According to Moody’s Investor Services, India's GDP growth may taper to 5.6% in FY24, but it would still be among the best performing large economies. Moody’s has expressed hope that...

Axis Bank reported 62% higher standalone net profits for Q3FY23 at Rs5,853 crore on the back of 32% growth in net interest income (NII) at Rs11,459 crore in the quarter....

Reliance Industries reported 15% lower net profits at Rs15,792 crore for Q3FY23 due to higher finance cost and special additional excise duty. This is lower than street estimates. While finance...