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...