Stock Market News Updates

Nirmala Sitharaman presented a brave budget letting the fiscal deficit shoot up nearly 250 bps ahead of market expectations. The FM pegged the fiscal deficit for FY21 at 9.5% and...

One big positive outcome of the COVID pandemic appears to be that GST revenues have grown to above pre-COVID levels. GST collections for the month of Jan-21 came in at...

IDBI Bank got one step closer to exiting PCA as it posted net profits for the fourth quarter in succession. IDBI Q3 net profit turns around to Rs.399 crore following...

Axis Bank, reported 29.15% lower Q3 net profits at Rs.1,335 crore in the midst of higher provisioning. Total revenues were flat at Rs.19,911 crore. Retail banking revenues were flat, wholesale...

Eminent economist, Dr. Rakesh Mohan, has warned that people should not get carried away by the stellar performance of the stock market. He underlined that it would be an understatement...

Shareholders of Cairn Energy PLC asked the Indian government to honour the Tribunal Order and pay the Rs.10,247 crore as per the order. This is towards the income tax refunds...

Exactly 13 years after that fateful day on which the sub-prime implosion in India began with a lower circuit on 21 Jan 2008, the Sensex actually scaled 50,000. However, this...

The transfer of power finally happened in the US as Trump officially stepped down and Joe Biden was sworn in as the next President of the US. Kamala Harris was...

The government plans to sell its total stake in Tata Communications to the tune of 26.12% in the current fiscal via offer for sale. It may be recollected that VSNL...

In one of the biggest deals in the alternate energy space, Total SA of France will acquire a 20% stake in Adani Green Energy. The stock of Adani Green Energy...

Two major IPOs open in the next week. IRFC will be an Rs.4633 crore IPO in which the government will look to reduce its stake. The IPO opens on 18...

Tata Group has laid out grand plans to invest in digital, high-end electronics and healthcare to position its business mix in terms of future growth areas and valuation driving pockets....

Indian Railway Finance Corporation or IRFC has set a price band of Rs.25-Rs.26 for its proposed Rs.4600 crore IPO. Out of the 178.2 crore shares on issue, 118.8 crore shares...

The Nifty and the Sensex achieved another milestone on Tuesday. The valuation of the Nifty in terms of the Price Earnings ratio or the P/E ratio touched 40X for the...

The RBI Financial Stability Report or FSR for the Sep-20 HY was released late in January. Contrary to fears that there could be substantial deterioration in banking numbers, the actual...