Stock Market News Updates

Rating agency, Fitch, cut its FY22 India growth forecast from 10% to 8.7%. They cited the long-term impact of COVID 2.0 as a key reason which would back-end growth. However,...

To give a boost to telecom, the government announced a slew of reforms. It allowed 100% FDI in telecom sector through automatic route to promote ease of doing business in...

Moody’s has raised India’s sovereign rating outlook from “Negative” to “Stable”. However, the overall rating has been kept static at Baa3, which is one notch above the Speculative Grade. This...

In a move that was long overdue, the RBI superseded the boards of SREI Infrastructure Finance and SREI Equipment Finance. It has already appointed an administrator to run the entities...

There appears to be action on the LIC IPO front after a finance ministry official confirmed that LIC could file DRHP with SEBI in Nov-21. It has already appointed 10...

Invesco Fund, which holds an 18% stake in Zee Entertainment, moved NCLT to call an EGM of shareholders to induct its nominees on the board of Zee Entertainment. Invesco has...

S&P Global hinted at a strong rebound in GDP in India even as it simultaneously pared China’s growth forecast. It has cited the imminent default of Evergrande as a key...

BPCL will invest Rs.100,000 crore over the next 5 years to make the business future ready. This is likely to make the company a lot more attractive from a privatization...

The Sensex has traversed the journey from 1,000 to 60,000 over a period of 31 years. It first touched 10,000 in Feb-06 and scaled 20,000 in Oct-07. It took more...

A day after the Fed decided to keep its language deliberately ambiguous, the Indian indices did a huge bull run. The Sensex was up 958 points at 59,957, just short...

Chennai based Data Patterns India, which supplies electronic systems to defence and aerospace, filed DRHP with SEBI for its proposed IPO. The IPO will consist of Rs.300 crore fresh issue...

CA Rover, an entity of Carlyle Group, has sold 3.4% stake in SBI Cards through open market transactions at the lower end of the price band indicated by Carlyle of...

HDFC Bank will offer co-branded credit cards with Paytm on the Visa platform. The focus customer base would be entrepreneurs and millennials. It will be a collaboration of HDFC Bank’s...

Out of the top-10 Nifty companies by market cap, four companies added Rs.65,465 crore during the week ended 17th September. Bharti Airtel and SBI emerged the biggest gainers, but laggards...

The Big Bad Bank announcement finally came on 16th September, with details of the government support. Finance Minister confirmed that the National Asset Reconstruction Company or NARCL, would be operational...