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After two days of profit booking, two weeks of losses, the Indian benchmarks are expected to open with gains on Monday. The SGX Nifty Futures in Singapore is trading up by 67 points at 15,795. The benchmark in India closed at 15,721 on Friday. A total of 11 companies will announce their June quarter earnings […]
Stock markets across Asia have bounced back off the lows of the last week helped by Friday’s record highs on Wall Street. However, the quarterly earnings and the Federal Reserve statements during the week are the major hurdles ahead. On Monday morning, Nikkei in Japan is up 1.9 percent, the South Korean market is up […]
Like the secondary market where Sensex and Nifty are at record highs, the primary market or where the shares are offered for the first time to the public before the listing is also gaining momentum. On Friday, two initial public offerings (IPO) closed for the subscription. The investors’ response is unbelievable! The specialty chemicals company […]
For the second session in a row, benchmark equity indices closed down. However, in the broader market, small-cap and mid-cap managed to end with gains. Concerns around rising interest rates, China’s crackdown on its technology companies listed abroad, rising Covid cases and profit-booking by foreign investors were the major forces behind the trade during the […]
Indian stock market witnessed major sell-off on weak global cues, rising dollar and cautious Federal Reserve minutes. At the closing, Sensex ended in the downward path by 0.92 per cent or 485.82 points at 52,568.94 and the Nifty closed at 15,727.90 or down by 151.75 points. After the closing at record highs in the previous […]
Asia’s oldest stock exchange, the Bombay Stock Exchange added another feather in the cap as it recorded the highest contribution in the industry net equity inflow by contributing Rs 6,072 crore against the total equity inflows of the industry of Rs 5,998 crore in June. As investors are queuing up for registration with stock exchanges, […]
New investment in equity mutual funds (MF) schemes have dropped by 40 per cent in June, as compared to May. The official data from the Association of Mutual Funds of India (AMF) showed, however, investors continued to pour in money for the fourth straight month. As per the AMFI, total inflows for June stood at […]
Online food and delivery startup Zomato on Thursday announced share prices for its initial public offering. With Rs 8,100 fund share and price per share at Rs 72-76, it will make Zomato more valued than Hero Motocorp, Torrent Pharma, or Piramal Enterprises. At the price band at which shares are up for grabs, Zomato could […]
Zydus Cadila Healthcare was one of the first to announce plansfor a Covid vaccine, more than a year ago, so its application for emergency approval for the 3-dose ZyCov-D last month is long overdue. The company has been cautious, but innovations like the needle-free applicator, which introduces the vaccine through the skin instead of the muscle, will probably make the delay worthwhile. Zydus has also tested the vaccine […]
Indian equity markets closed down on Tuesday after two sessions of gains. The market managed to reach a new record high, however, profit booking in Reliance, Tech Mahindra and Tata Motors dragged the market below the previous close. The benchmark, Sensex hit a record high of 53,129 but failed to hold on to the momentum. […]
African nation Uganda, once a second home for Gujaratis, is looking for increased partnership from small and medium enterprises of Gujarat. As part of this initiative, Ms. Grace Akello, the Ambassador of Uganda to India had a bilateral discussion about cooperation between the two parties with the state’s chief minister Vijay Rupani on Tuesday. During […]
I must admit, I was shocked when I heard the news that Citibank is planning to exit consumer banking in India. For those of a certain vintage era, Citi is an iconic organization, once considered the best job on business school campuses, offering Indians a global career. Citigroup even had an Indian-American global CEO in Vikram Shankar Pandit for five years, […]
After two months of decline, Indian passenger car manufactures are back on track with higher sales numbers in the month of June alone. Though consumer sentiments are still positive, experts believe that it may change with the rising fuel prices. Although, businesses remained shut, owing to city-wide curfew and restrictions imposed during the second wave […]
Bolstered by a supportive Union Ministry of Ayush, the ayurvedic pharmaceutical sector in the country finds itself in the pink of health, catering to the needs thrown up by the pandemic. Its wide range of immunity boosters and formulations that battle cough, fever, diarrhoea and other such symptoms of COVID-19 have taken the centre-stage this past year, giving the manufacturers an unprecedented […]
Skoda is an SUV brand known for its design, aesthetics and high-performance engine. Today Ahmedabad based Stellar Skoda launched the company’s latest offering, the Skoda Kushaq. Speaking to Vibes of India (VoI), Abhimanyu said Stellar Skoda had the credit of doing 9 percent of all India sales for the Company through their seven outlets spread […]
The Indian economy is majorly Micro Small and Medium Enterprises (MSME) sector driven. It contributes upwards bound, 30 percent to the economy in both GDP and employment generation. But this sector has been reeling under pressure and crumbling due to the slowdown in 2019, and the worst hit by the pandemic. In a recent survey […]
If the first coronavirus wave gave us Zoom and Dalgona coffee, audio-only applications are all the rage in the second wave. Clubhouse, with its 10 million app downloads in a little over a year, is this year’s breakthrough app, used by the likes of Elon Musk and Karan Johar. The audio-only social networking app allows people around the world to […]
The Federation of Indian Export Organisations (FIEO) on Thursday announced an agreement with Aramex India to support exporters from Micro, Small and Medium (MSME) segments in the country, an official statement said. The FIEO is the apex body of India’s export promotion organisations set up under the ministry of commerce. It serves an estimated two […]
In a the new initiative, Gujarat International Finance Tec-City (GIFT City) has signed a memorandum of understanding (MoU) for the acceleration of Fintech innovation and exploring the possibility of developing a Fintech Hub within the country, the first smart city and international finance centre, an official statement said. The MoU was signed between Gift city […]
Aiming to boost economic activity and to support the sectors that are severely hit because of the pandemic in the country, finance minister Nirmala Sitharaman on Monday had unveiled a mega package. Business and industry leaders have welcomed the package pegged at Rs6,28,993 crore. Welcoming the package, the trade and industry captain from Gujarat have […]
