The global index producer FTSE revealed modifications to its All-World Index on Friday, including 13 Indian stocks. India added the most stocks to the index, followed by six Taiwanese stocks, two stocks from Korea and Hong Kong, and one stock from Australia. Bank of Maharashtra, Bharat Dynamics, Central Bank of India, HUDCO (Housing and Urban […]
On Monday, August 26, the Indian stock market saw significant gains. The Nifty 50 and the Sensex increased by around 1% each, indicating that investors were pleased with US Fed Chair Jerome Powell’s announcement last Friday at Jackson Hole that a policy adjustment was warranted. The rise in the Indian stock market reflected the optimistic
 Following US Federal Reserve Chairman Jerome Powell’s announcement on Friday that the bank was prepared to lower interest rates as inflation was slowing, stock markets surged. After the speech, the broad-based S&P 500 climbed more than one percent, the Nasdaq gained 1.3 percent, and the Dow was up 476 points, or 1.17 percent. On Thursday,
As Fed’s Powell suggests a rate drop, the Dow rises more than 400 points Read More »
Ahead of inflation statistics that investors believe will open the door for rate reduction in the US and Europe, Asian markets tentatively rose on Monday. Meanwhile, the dollar and bond yields were declining. After Hezbollah and Israel exchanged airstrikes and rocket salvos on Sunday, raising concerns about potential supply disruptions in the event that the
Prior To Inflation Tests, Asian Stocks Rise And Oil Prices Increase Read More »
Owner of Jio, billionaire Mukesh Ambani The Department of Economic Affairs has granted approval to Financial Services to raise the maximum amount of foreign investment, including FPIs, to 49% of the fully diluted capital of paid-up equity shares. Exchange statistics indicated that of the approximately 53% of shares that are publicly traded, foreign investors presently
Jio Financial Services Gets Approval To Increase Foreign Investment Limit To 49% Read More »
On Monday, August 26, we shall commemorate Krishna Janmashtami. Hindus all throughout the world celebrate the significant Hindu event that commemorates the birth of the Hindu deity Krishna with great fervor and joy. The Reserve Bank of India (RBI) has declared some cities’ banks closed because of the event in its yearly list of bank
 FSN E-Commerce Ventures (Nykaa) had a spike in intraday trading on August 23 of almost 9% to reach a 52-week high, following block deals that saw 4.09 crore shares, or 1.4% of the company’s ownership, exchange hands. Pre-IPO investor Harindarpal Singh Banga was most likely the seller. According to media sources, Banga and his spouse
After block trades transfer 1.4% of the stock, Nykaa shares rise by about 8% Read More »
Markets regulator Sebi has banned industrialist Anil Ambani from the securities market for five years after concluding that he engineered a fraudulent scheme to siphon off funds from Reliance Home Finance. Ambani had declared himself bankrupt before a UK court back in February 2020. In addition, the regulator fined Ambani a whooping Rs. 25 crore
According to Axis Securities, the pharma sector recorded 11% YoY and 4% QoQ revenue growth in Q1FY25, led by the strength of the home market, the introduction of new products, cost optimization, and the expansion of US businesses. The top choices are Lupin, Aurobindo Pharma, and Krishna Institute of Medical Sciences. According to a recent
Axis Securities has selected pharma stocks such as Lupin, KIMS, and Aurobindo Pharma Read More »
Only when it receives the appropriate valuation will Hindalco Industries list Novelis, its US-based business, according to managing director Satish Pai. Our primary goal in doing this IPO was to secure a higher valuation for Novelis. After the company’s most recent quarterly reporting, Pai told investors, “I think what was clear is that we were
MD: Hindalco will only float Novelis at its preferred valuation Read More »
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