Newsletter

Even as Vedanta saw pressure on its profits in Q4, it is planning to spend $2 billion on capex in FY24. That would entail doubling of capex over FY23. For...

It is finally official that LIC IPO will open on 04th May and close on 09th May with a price band of Rs.902 to Rs.949. It is expected that at...

The government is all set to open its Rs.21,000 crore IPO of LIC early next month. The price band is likely to be fixed in the range of Rs.902 to...

While the final decision will be made at the LIC board meeting on Tuesday, it is almost confirmed that the IPO of LIC will open on 04th May and close...

There is clarity emerging on LIC IPO. Government filed a revised DRHP with SEBI and the nod is expected on Monday. LIC plans to sell only 3.5% of its stake...

Reliance Industries is on the threshold of hitting market cap of Rs.19 trillion, or approximately $250 billion. Reliance is already the most valuable company in India in terms of market...

In a significant move, Tata Steel has confirmed that it will stop doing business with Russia. This adds to the list of major global companies that have cut business links...

In a bid to close the regulatory arbitrage between banks and NBFCs, the RBI has mandated exposure limits for NBFCs, in line with commercial banks. NBFC exposure in the upper...

WPI inflation for Mar-22 spiked to 14.55% compared to 13.11% in Feb-22. There was a sharp rise in edible oil prices and in power prices. Crude petroleum was the villain...

The GST Council is planning to do away with the 5% GST slab and replace it either with a 3% slab or an 8% slab on a case-by-case basis. This...

Retail inflation in India shot up to 6.95% in March 2022 on the back of a sharp surge in rural inflation. This is the third successive month that CPI inflation...

TCS beat Street estimates in the fourth quarter of FY22 reporting revenues of Rs.50,591 crore. TCS also reported record order book of $11.3 billion at the close of Q4. For...

With sanctions tightening, it looks like Russia may be on the brink of a major external default. Russian bonds are already trading deep in distressed levels after the US Treasury...

RBI released guidelines for digital banking units (DBUs) with a target of setting up 75 DBUs in 75 districts in fiscal year FY23.  As per the guidelines, scheduled commercial banks...

The $40 billion merger between HDFC Ltd and HDFC Bank could run into rough weather because of the insurance franchise of the HDFC group. By default, RBI wants banks to...