Stock Market News Updates

On Tuesday, Sensex and Nifty gained over 2% supported by IT, pharma and metal stocks. While the Sensex gained 1128 points and settled above 50,000, the Nifty also gained 338...

Last year, zero-coupon bonds or deep discount bonds was a favourite instrument of the Indian government to recapitalize the banks, as it did not create immediate liability. However, after the...

JSW Steel has set its eyes on Neelachal Ispat after having completed the acquisition of Bhushan Power and Steel. Neelachal Ispat is a PSU with MMTC and NMDC holding stakes....

Supreme Court will pronounce its judgement on Tata Sons / Cyrus Mistry case on 26 March. Tatas had appealed against the NCLAT order which had ordered restoration of Cyrus Mistry...

It was coming for some and India finally put a temporary hold on all exports of Covishield, the AstraZeneca COVID vaccine manufactured by Serum Institute of India. The idea is...

After setting an initial threshold of Rs.2.50 lakhs for tax-free PF interest, the government has upped the limit to Rs.5 lakhs. However, this would only be applicable to those cases...

With most auto companies facing a sharp spike in input costs, Maruti Suzuki will increase prices of vehicles in April 2021. In the last 1 year, Maruti has been negatively...

Rolex Rings, a manufacturer of auto components, has filed preliminary papers with SEBI for the proposed launch of its IPO. The Rolex Rings IPO will consist of a fresh issue...

In a victory for Amazon, the Delhi High Court ruled that Future Retail and its promoters wilfully violated the order of the Singapore based arbitrator, SIAC. The order has restrained...

Year 2021 has been a bumper year for IPOs. Out of 10 IPOs listed in 2021, 8 of these 10 IPOs listed at a premium. Out of these 8 gainers,...

Kesoram Industries of the Birla group that was trying to raise Rs.1,600 crore via junk bonds with yields as high as 21%, managed to find buyers for its bonds. In...

A recent note circulated by Nomura has pointed that Indian Mutual funds hold 20% of all AT-1 and Tier-2 bonds issued by banks. That means; out of a total issue...

For the fortnight ended 15-January, bank credit grew 6.36% and deposits grew by 11.41%. Clearly, the C/D ratio continues to remain unfavourable. If you consider the first 9 months ending...

SEBI has moved quickly to form a group of experts to study the feasibility of Special Purpose Acquisition Companies or SPAC-like structures in India. These have suddenly taken off in...

The Easy Trip IPO was subscribed 159.33 times on the last day of bidding on 10 March. While retail was subscribed 77.4X, the HNI portion was subscribed 382.21X and the...