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IDFC Ltd. has signed a definitive agreement to sell IDFC Asset Management Co. and IDFC AMC Trustee Co. to a consortium led by Bandhan Financial Holdings Ltd. for Rs 4,500 crore. → Read More
UPL Ltd. has approved a proposal to buy back equity shares worth Rs 1,100 crore. The agrochemicals company will repurchase about 1.26 crore equity shares, or 1.65% of the total paid-up capital, according to an exchange filing. → Read More
While the Russian invasion of Ukraine will cause short-term volatility, market participants said investors need to equally watch for some of the domestic factors including state elections and the upcoming initial offering of Life Insurance Corp. But they advised against panic. → Read More
The changes will also be applicable to Nifty 50 Equal Weight Index. → Read More
On Feb. 13, Life Insurance Corporation of India (LIC) filed draft papers with SEBI for what is potentially the nation’s largest IPO. Here are a few interesting facts about India’s biggest insurer. → Read More
If provisions come down and operating profit goes up, we expect to post strong profits into 2022-23. That will align the RoE, IDFC First Bank's V Vaidyanathan says. → Read More
Stocks in the news, big brokerage calls of the day, complete trade setup and much more! → Read More
Morgan Stanley India's Managing Director Ridham Desai was disappointed by the lack of clarification on the tax issue around fully accessible route bonds in Budget 2022. → Read More
IndusInd Bank has filed an insolvency petition against Zee Entertainment over a default of Rs 83 crore. → Read More
Financials will do well as the RBI exits accommodative stance, job market recovers and capex cycle unfolds in 2022. → Read More
Foreign portfolio investors have pulled out a net sum of Rs 11,866 crore from the Indian equity markets in January so far. That's almost the half of the total investments received in calendar year 2021. → Read More
Reliance New Energy Solar Ltd., Mahindra & Mahindra Ltd. and Larsen & Toubro Ltd. are among 10 bidders for production-linked incentives worth Rs 18,000 crore for advanced chemistry cell battery storage. → Read More
The aggregate revenue of the five information technology companies in the Nifty 50—Tata Consultancy Services Ltd., Infosys Ltd., HCL Technologies Ltd., Wipro Ltd. and Tech Mahindra Ltd.—is set to rise 3.88% sequentially in the quarter ended December, according to analysts’ estimates compiled by Bloomberg. Their combined net profit is projected to increase 4.42%. → Read More
Tata Consultancy Services Ltd. will consider buying back shares next week, in a bid to reward shareholders. "The board of directors will consider a proposal for buyback of equity shares of the company at its meeting to be held on Jan. 12, 2022," it said in an exchange filing, without elaborating. → Read More
Emkay Global advises investors to watch investment themes linked to India's anticipated capital expenditure boom. → Read More
Stocks in the news, big brokerage calls of the day, complete trade setup and much more! → Read More
India's stock benchmarks began the new year on a positive note. Both the S&P BSE Sensex and NSE Nifty 50 logged the biggest single day gain in over three weeks, aided by banks, information technology and auto stocks. The Sensex rose 1.60% to 59,183.22. This is the first time since Dec. 13 that the 30-stock gauge rose above 59,000. The Nifty 50 index also advanced by similar magnitude to… → Read More
Stocks in the news, big brokerage calls of the day, complete trade setup and much more! → Read More
B&K Securities has initiated coverage on Nazara Technologies Ltd. with a ‘buy’, saying its market leadership across verticals shall enable robust revenue growth over the next decade as gaming ecosystem continues to evolve. → Read More
The Goods and Services Tax Council’s 46th meeting is underway on Friday. The meeting comes amid demands for extension of GST Compensation for five more years. Some of the states raised the issue in the pre-budget meeting with Finance Minister Nirmala Sitharaman citing revenue shortfall and pending dues. → Read More