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RIL's New Deal: Qualcomm To Invest Rs 730 Crore In Jio Platforms

Qualcomm Inc joins the pack of investors for stake in Jio Platforms with an investment of Rs 730 crore. In a stock exchange filing on Sunday, Reliance Industries Limited (RIL) said that Qualcomm Ventures, the investment arm of Qualcomm

12 Jul 2020 10:09 pm
Balrampur Chini Announces Rs. 180 Crore Buyback Offer

Sugar manufacturing company has proposed to buyback 1 crore equity shars for an amount not over Rs. 180 crore. The buyback will remain open from July 20 until July 31. It has offered to uyback up to one crore

12 Jul 2020 10:28 am
How Stock Markets Could Move Next Week?

It was a fourth straight week of gains for the Indian markets this week, thanks to ample support from Reliance Industries. The stock hit multiple record highs and investors continued to mop-up the oil to digital player. For the week,

12 Jul 2020 9:57 am
Goldman Sachs Reinforces $2000/oz Level If China Recovers From Second Wave

The investment bank Goldman Sachs sees gold to immensely benefit in a case if China recovers from the second wave of coronavirus infection strongly in comparison to the US. China is the biggest retail consumer of gold and is expected to

12 Jul 2020 9:47 am
Avenue Supermarts Reports 88% Fall In Q1 Net Profit Largely Due To COVID-19

On Saturday, Avenue Supermarts reported an 87.61 percent plunge in the consolidated net profit at Rs 40 crore for the June-ended quarter from Rs 323 crore in the same period a year ago. The company that runs the supermarket chain DMart,

11 Jul 2020 4:18 pm
NPS To Soon Introduce SIP Facility For Investment

Subscribers of NPS (National Pension System) will soon be given an option to invest through SIP (systematic investment plan). We are working seriously to bring a SIP like model for NPS subscribers where they can direct their banks to auto-debit a

11 Jul 2020 3:41 pm
Gland Pharma Files For Rs 1,250 Crore IPO

Hyderabad-based Gland Pharma has filed a Draft Red Herring Prospectus (DRHP) for an initial public offer (IPO) with the Securities and Exchange Board of India (SEBI) that includes a fresh issue of shares worth up to Rs 1,250 crore. Apart from

11 Jul 2020 2:19 pm
Top 5 Private Indian Banks Could See Their NPAs Doubling In FY21: Report

A recent report warns that due to poor loan offtake and the moratorium-driven contraction in net interest margins, five top private banks in India may see their non-performing assets (NPAs) ratio double to 5 percent in the current financial year 2020-21.

11 Jul 2020 1:50 pm
Jio Platforms Receives Payments From 4 More Investors On Stake Sale Deals

Late on Friday, Reliance Industries Limited (RIL) said that it has closed deals on to sell a minority stake in Jio Platforms to four investors earlier announced by the company. In a regulatory filing, the company said that it

11 Jul 2020 12:10 pm
India To Put Restriction On Import Of 350 Items

In its Make in India boost, the centre is considering a ban on some 350 items that includes including electronic goods, toys, furniture, and textiles among others by bringing in place non-tariff barriers for supporting Indian manufacturing and industry as a

11 Jul 2020 9:29 am
Rajnish Kumar Don't Think Loan Moratorium Should Be Extended After August

On Friday, SBI's chairman cleared that no blanket extension on loan moratorium beyond August 31, 2020 is required. Speaking through a video-conference at the 7th SBI Banking and Economics Conclave, Rajnish Kumar said that while it was too early to

11 Jul 2020 9:25 am
Mukesh Ambani Pips Warren Buffet To Become 7th Richest Globally

After a sharp rally in trade on July 10, 2020 in its company's share price by over 3%, Mukesh Ambani outdone the likes of Warren Buffett to now hold the place as the seventh richest person globally. With it the

11 Jul 2020 9:11 am
Operating Profits Of Private Sector banks Could Decline By 15%: India Ratings

India Ratings and Research (Ind-Ra) has said that the operating buffers (pre-provisioning operating profit - PPOP) of the top five private sector banks by advances size, constituting 25% of overall banking and 75% of private bank space, could decline by up

11 Jul 2020 9:09 am
Parle Most Chosen Brand In India; 5 Others Join The List

On the basis of consumer reach points or CRP, Brand Footprint has prepared a list of most chosen brands in India and among it Parle has stood on the top. As per the report, scoring the highest CRP ( in

11 Jul 2020 9:02 am
India's Forex Reserves Hits New All-Time High

India's foreign exchange reserves (forex) surged by a massive $6.47 billion to touch an all-time high of $513.25 billion in the week ended 3 July, according to data released by the Reserve Bank of India (RBI) this week. In the previous

11 Jul 2020 8:56 am
Nifty Ends Lower Dragged Down By Banks

Banking stocks saw major losses in trade today, as global cues were weak, and stocks from the sector, which have the highest weightage in the indices pulled markets lower. The Nifty ended the day lower by 42 points, even as European

10 Jul 2020 3:40 pm
Yes Bank Shares Fall 9% After Board Announces FPO Band

In another round of fund raising by a lender, this time via the FPO route, Yes Bank shares in intra-trade on July 10, 2020 fell as much as 9% to day's low of Rs. 24.2 per share on the BSE. This

10 Jul 2020 1:41 pm
People's Bank Of China Divest Stake In HDFC In June Qtr

People's Bank of China (PBOC) trims its holding in the country's leading HFC company HDFC after a furore in April month. Now as per the latest shareholding pattern in the June quarter, PBOC is no longer a stakeholder in the

10 Jul 2020 1:11 pm
Warren Buffett Losing Out To Tech Titans In Top Wealthiest List: Here's Why

On the Bloomberg Billionaires Index, legendary investor Warren Buffett first lost because of his strategies which for years has many followers and now as per the latest news, he has toppled to the lowest ever eight rank on the index since

10 Jul 2020 10:10 am
Rupee Opens Sharply Lower At 75.16 Per US Dollar

Rupee in Friday's trade (July 10, 2020) opens lower at 75.16 in comparison to previous close of 74.995 per levels. This is as dollar recovers from multi-week lows on rising coronavirus led uncertainty. Oil in today's session slipped

10 Jul 2020 10:04 am
PNB Housing Finance Slips On Reports Of Sales Of Its Corporate Assets Plan

Shares in HFC company PNB Housing Finance slipped in early trade by as much as 3% to day's low price of Rs. 211 on the BSE compared to its previous day's close of Rs. 218.1 per share . In

10 Jul 2020 9:34 am
Nifty Trades Lower As Covid-19 Anxiety Continues

Benchmark indices traded lower, as the anxiety around Covid-19 related infections continued across the globe. The US Markets saw weak overnight closings, as Covid-19 cases in the US surged, while most of Asia was trading with losses. The Shanghai Composite, which

10 Jul 2020 9:34 am
Warren Buffett Losing Out To Tech Titans In Top Wealthiest Rich: Here's Why

On the Bloomberg Billionaires Index, legendary investor Warren Buffett first lost because of his strategies which for years has many followers and now as per the latest news, he has toppled to the lowest ever eight rank on the index since

10 Jul 2020 9:19 am
Gold Slip Marginally After Nearing Record High; Expect Rs. 55000 Price By 2020 End

On Friday (July 10, 2020), gold prices in early trade lost a tad bit by 0.01% or Rs. 6 to trade at Rs. 48872 per 10gm. Gold prices in the previous day after hitting close to record high slipped. In the

10 Jul 2020 9:13 am
RIL and BP Launch Fuel Retailing JV Under Jio-BP'

On Thursday oil majors RIL and BP plc announced the launch of their fuel retailing joint venture under the brand Jio-bp'. Last year, BP for a financial consideration of USD 1 bn bought 49% stake in the fuel-related assets of RIL

10 Jul 2020 7:09 am
IDBI Bank Slumps 5% On Reports Of Govt's Stake Sale Plan

On Thursday, shares of IDBI Bank were locked in a 5 percent lower circuit at Rs 46. A Bloomberg report citing officials said that the government is planning to raise as much as Rs 20,000 crore by selling stake in Coal

9 Jul 2020 3:02 pm
CG Power Shares Locked In 5% Lower Circuit After Yes Bank Sells Part Stake

On Thursday, shares of CG Power and Industrial Solutions Ltd slumped 4.88 percent to Rs 9.75 as Yes Bank Ltd sold 16.65 million shares, constituting 2.66 percent of the paid-up share capital in the company. The lender in a stock exchange

9 Jul 2020 10:47 am
Nifty Trades Higher, Metal Stocks Rally

Benchmark indices gained ground today, even as global cues, particularly from Asia were positive. The US markets too had higher closings, with the tech heavy NASDAQ hitting record highs in the process. The Nifty was trading with gains of 45 points

9 Jul 2020 9:32 am
Gold Prices In India Above Rs 49,000, Silver Above Rs 51,000/kg

On Thursday, gold futures on MCX (Multi Commodity Exchange of India) was trading at Rs 49,152/10 grams after hitting a new all-time high of Rs 49,200 the previous day session, largely due to international trends. Silver futures on the exchange also

9 Jul 2020 9:28 am
Govt Extends 24% EPF Contribution Under Atmanirbhar Bharat To 3 More Months

On Wednesday, the Union Cabinet approved the extension of the contribution of both employees' and employers' share under Employees' Provident Fund (EPF) scheme, totalling 24 percent, for another 3 months, as part of the Pradhan Mantri Garib Kalyan Yojana or Aatmanirbhar

9 Jul 2020 9:11 am
Free LPG Cylinder Can Be Availed Until Sept Under Pradhan Mantri Ujjwala Yojana

Under the Pradhan Mantri Ujjwala Yojana (PMUY), the Union cabinet on Wednesday took a decision to allow individuals to avail free LPG or liquefied petroleum gas until September. This is to aid smaller section of society including the migrant

9 Jul 2020 7:25 am
Nifty Ends Lower After Six Straight Days Of Gains

The Nifty ended the day lower in trade, after having gained for six straight trading sessions. Metals and Banking stocks saw some decent gains, even as IT stocks continued to put pressure on the markets. The Nifty ended the day with

8 Jul 2020 5:11 pm
Jio Platforms Receives Payment For 9.9% Stake From Facebook-Owned Firm

Late on Tuesday, Reliance Industries Limited (RIL) in a stock exchange filing said that its digital arm Jio Platforms has received the subscription amount of Rs 43,574 crore from Jaadhu Holdings, a wholly-owned subsidiary of Facebook Inc. Jio Platforms Limited has

8 Jul 2020 9:15 am
Gold Prices Edge Lower After Sharp Surge Yesterday

Gold prices in early trade on Wednesday (July 8, 2020) inched lower after a sharp surge in yesterday's trade. On the MCX, gold August futures were trading down by 0.14% or Rs. 68 at Rs. 48732 per 10 gm. Today,

8 Jul 2020 9:15 am
ICICI Bank To Offer Its Employees 8% Hike For Working Amid Covid 19

As per sources, amid Covid 19 blues, the country's leading lender ICICI Bank will rewards its more than frontline workforce with an hike of up to 8%. The workforce strength being considered for a hike is almost 80% of the bank's

7 Jul 2020 7:13 pm
Interest Rates Across Loan Products Are At New All-Time Low: RBI Data

Driven by the RBI's policy rate cut to historic lows amid Covid 19 blues and ample liquidity in the system, interest rates across loan products have now hit a new low. As per the latest RBI data, the weighted average

7 Jul 2020 12:51 pm
5 Shares That React To News On July 7, 2020

Amid mixed cues in the Asian market, benchmark Indian indices trade almost flat with Nifty over 10740 points. Among sectoral indices on the Nifty, IT pack leads ahead of result announcement for the quarter ended June of FY21. Here are some

7 Jul 2020 10:51 am
Bajaj Finance Surges Close To 2% After Q1FY21 Update; Plans To Increase Covid 19 Provisioning In Q1

Shares in NBFC major surged close to 2% in early trade on the BSE to Rs. 3165 per share after its Q1 business update. In the pre-opening trade the stock was up 1% on the BSE at Rs. 3140 per share

7 Jul 2020 9:28 am