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Buoyed by the investors’ interest in new fund offers, the total inflow in the equity mutual fund schemes jumped three-fold in July. As per the Association of Mutual Funds of India (AMFI), monthly data release new flow in equity scheme increase from Rs5,988 crore in June to Rs22.583 crore. However, four new funds from major […]
The Supreme Court of India on Monday refused to stop the probe by the Competition Commission of India (CCI) on alleged violation of foreign direct investment (FDI) rules in India. The online majors had challenged the July 23 order of the Karnataka High Court, in which the apex court has refused to stay the matter. […]
Nuvoco, one of the largest cement concrete manufacturers incorporated in 1999 and a part of the Nirma Group opens for subscription today. The company is to raise Rs 5,000 crore through its public issue this week. The IPO will be the fourth largest of its kind to make its debut in 2021 so far. Read: […]
Indian shares are likely to open weak on global cues. The stock markets in Asia are trading weak on the rising value of the dollar against the major currency and a sharp fall in gold prices that triggered margin calls. The Nifty futures closed at 16,267 on Friday while the SGX Nifty Futures (the index […]
After a better than expected jobs report, the US market had closed with gains. However, in Asian trading, today stronger American currency has resulted in deep cuts in equities, gold and crude oil. Market participants believe that this indication of recovery would force the Federal Reserve to tighten earlier than envisaged. The stock market in […]
As expected, the Reserve Bank of India (RBI) on Friday announced to keep the benchmark interest unchanged, with an economic outlook on the status quo and an increase in inflation estimates for the year 2021-22. However, economists argued that the era of record-low interest rates is ending and sooner than expected interests are going to […]
The Supreme Court of India on Friday ruled that the order of the arbitrator that put on hold the deal between Future Retail and Reliance Retail is valid. Effectively it means that the acquisition of Future Retail’s business by Reliance is now on hold and India’s most valued company may have to find another way […]
The stock market in India is likely to trade with caution in the first hour of trade as series of events are likely to impact the investors’ sentiments. The Reserve Bank of India, after three days of the meeting, will announce its assessment of the economy and monetary policy. The Supreme Court will pronounce its […]
Flipkart, India’s homegrown e-commerce marketplace, today announced the expansion of its supply chain in Gujarat with the addition of four new supply chain facilities to support local sellers from the state and to cater to the growing demand for e-commerce. The expansion of the supply chain in Gujarat is a testament to Flipkart’s commitment to […]
Reliance BP Mobility Limited in partnership with Swiggy announced the commencement of trials that will increase the deployment of EVs in the delivery fleet of the food delivery platform, Swiggy to contribute to the creation of an EV ecosystem. The adoption of battery-operated EV includes deployment of electric 2-wheelers by Swiggy’s network of delivery partners. […]
Today, L&T held its Annual General Meeting where Mr. A.M. Naik, L&T’s Group Chairman’s made a keynote address. Here are the key highlights: “Given the scale of India’s infrastructure deficit, we remain optimistic about the Government’s intent to complete the projects as envisaged in the National Infrastructure Pipeline” “It gives me great pleasure to inform […]
For the third session on the trot, benchmark indices – Sensex and Nifty – closed with gains and ended the historic highs. On the day of the weekly expiry of the derivatives, the Indian market closed with a downtick, reached a pick on buying interest and gave away half of its gains. The mood in […]
After hitting all-time highs, a sense of caution may creep in trading on Thursday in the Indian stock market. Weekly expiry in the derivatives segment, weakness in the broader market and Friday’s review of the monetary policy by the Reserve Bank of India are the main triggers for the market. The Nifty futures trading at […]
After surging to record highs, the global markets have become cautious before making its next move. On Wednesday, the US market closed with deep cuts after the payrolls data was much below the expectations. On Thursday morning, the Asian markets are trading mix. The Shanghai Composite in mainland China declined 0.46% and Hong Kong’s Hang […]
After scaling, new highs on Tuesday, supported by positive news flow Indian benchmark indices continued their upward march and closed at yet another new high. However, profit-booking was the underlying theme during the trading resulting in declines in small and midcap shares. Even, the number of shares advancing were lower than that declined. At the […]
Nirma was de-listed from the stock exchange in 2011 however it has continued to be a household detergent brand across the country. Nuvoco Vistas Corporation Ltd, a Nirma group company, filed a draft with SEBI to launch an IPO worth Rs 5,000 crore on May 6 which after approval will now be open for subscription […]
After scaling historic highs on Tuesday, it seems that the bull run on the Dalal Street is likely to continue on Wednesday. Cues from the global market are positive. The number of newly affected Covid patients in India are rising, however, it is still restricted to a couple of states. The Nifty Futures trading in […]
After a record surge in India and the US equities, stocks in Asia are trading cautiously mixed. The stock market in Japan is down while Hong Kong, China, Australia are firmly up on Wednesday. Overnight, the US market surged to new record highs. The S&P 500 gained 0.82% to a new record closing high of […]
Indian share market on Tuesday closed at the highest ever level in history on the back of sustained buying by domestic institutions thwarting any dangers of intense selling by foreign funds. The market has gained 14 per cent from the recent lows recorded on April 22, at the peak of the devastating second wave of […]
At a time when domestic consumption is falling in the country, an unprecedented price rise on two key fuels – petrol and diesel –may be counterproductive. Another threat due to record high prices is inflation. At a time when economic recovery is fragile and there is a looming threat of the third-wave of Covid19, higher […]
