Newsletter

Wipro consolidated net profit for Jun-21 quarter was up 36% at Rs.3,243 crore. Even on sequential basis, the net profits were up 9.1%. Top line revenues were up 22.3% at...

REITs and INVITs are finally coming of age in India with over Rs.55,000 crore raised between them. During FY21, while INVITs raised Rs.40,500 crore, REITs managed to collect close to...

S&P affirmed India’s sovereign rating at “BBB-”, which is the lowest investment grade rating. However, S&P maintained a stable outlook on macroeconomic recovery hopes. S&P expressed confidence that the recovery...

CPI inflation for Jun-21 was marginally lower at 6.26%. While core inflation fell from 6.55% to 6.19%, food inflation spiked from 5.01% to 5.15% due to delayed monsoons. Fuel inflation...

Tata Steel scaled another 4.5% on Friday after CARE Rating upgraded its long-term credit rating outlook for Tata Steel from Negative to Stable. The stock is already trading at a...

Zomato fixed the IPO price band for its Rs.9,375 crore IPO in the range of Rs.72 to Rs.76 per share. The issue will open on 14 July and close for...

There seem to be positive tidings on the real estate front. Bengaluru-based Sobha saw bookings rise by 40% to Rs.683 crore during the Jun-21 quarter, largely on the back of...

Oil appears to be on a boil as the price of WTI crude touched a 7-year high of $76.91/bbl. Brent is higher at $77.78/bbl, but the spread has substantially narrowed....

The government plans to sell 7.49% stake in NMDC through an offer for sale on 06 July, in a bid to mop up close to Rs.3,621 crore in divestment receipts....

For the week ended 02 July, 8 out of the 10 most valuable Indian companies on the Nifty by market cap saw combined erosion in value to the tune of...

The latest RBI Financial Stability Report has pegged gross NPAs of the Indian banking system in the range of 9.80%-11.22% as of Mar-22. This would be higher than the Mar-21...

Vodafone Idea reported net loss of Rs.7,023 crore for the Mar-21 quarter. This is narrower than the loss of Rs.11,644 in the Mar-20 quarter but wider than Rs.4,532 crore in...

Reliance has entered into a partnership with the Abu Dhabi National Oil Company or ADNOC to set up a facility at Ruwais near Abu Dhabi to position as a world...

The interest in Indian Fintech plays continues with the Abu Dhabi Investment Authority picking up a minority stake in MobiKwik for $20 million or nearly Rs.150 crore. This assigns a...

At its 44th AGM, Reliance Industries announced Rs.75,000 crore outlay to green energy. It inducted Yasir Al-Rumayyan into the board of RIL and affirmed that the stake sale in Reliance...