Stock Market News Updates

GST collections for February continue to be robust Rs.119,875 crore, the fifth straight month of clocking over Rs.1 trillion in GST revenues. The GST collections were up 7% over Feb-20,...

During the week ended 26 February, 9 out of top 10 most valuable companies on the NSE lost Rs.219,920 crore. On Friday itself, the Sensex and Nifty corrected 3.8%. Reliance...

The IPO of Heranba Industries got a good response at the close of the last day of the IPO. Heranba Industries IPO was subscribed 83.29 times with the final numbers...

On 24 February, NSE suspended trading in cash and derivative segments for several hours, jeopardizing positions of lakhs of market participants. The exchange cited issues with its telecom service providers...

Gold has now corrected around 16% since Aug-20 when it had peaked at Rs.55,922 per 10 grams. With the success of the vaccine and signs of growth reviving, gold has...

Even as DHFL was getting close to being sold to Piramal Enterprises, there is a new angle as the transaction auditor, Grant Thornton, has reported further fraudulence worth Rs6,182 crore...

As committed in the Union Budget, the government is planning to privatize Oriental Insurance or United India Insurance since their financial health has shown improvement after capital infusions. The state...

India’s domestic air passenger traffic for Jan-21 was down by 40% at 77.34 lakhs on a YOY basis. The data released by the DGCA clearly showed that the lag effect...

Bharti Airtel will buy back 20% of its stake in the DTH arm from Warburg Pincus for a consideration of Rs.3,126 crore. In 2017, Warburg had acquired the 20% stake...

The two IPOs of the week have been oversubscribed well before the closure date. As of Tuesday, the Rs.820-crore IPO RailTel Corporation was subscribed 2.6 times with the retail portion...

After Amazon opted to approach the Supreme Court to stall the FRL-RRIL merger worth Rs.24,700 crore, the Future group has confirmed that it will fight the case legally and ruled...

The government has committed to infuse Rs.3,000 crore as capital into the state-owned general insurers so as to boost their capital buffers. These state-owned insurers that will get funding support...

India’s oldest cement company, ACC, reported 73% growth in PAT at Rs.472 crore as deferred tax credits ended up much bigger than the exceptional write-offs. Revenues were up just 2.08%...

Bank of India reported a 341% jump in Q3 net profit for the Dec-20 quarter at Rs.610 crore. This was largely on the back of lower provisioning. Total revenues were...

Central Bank India reported flat net profits of Rs.165 crore for the Dec-20 quarter despite 10% fall in total revenues at Rs.6,584 crore. CBI saw flat treasury income but retail...