Monday, March 15, 2021

Sensex Plunges Over 800 Points, Nifty Below 14,800; Banks Worst Hit

All the 11 sector gauges, barring the index of IT shares, were trading lower led by the Nifty Bank index's nearly 3 per cent fall.

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Wholesale Inflation Rose To 4.17% In February From 2.03% In January

The index of primary articles increased by 1.04 per cent to 145.4 in February, 2021 from 143.9 for the month of January, 2021, the Ministry of Commerce said

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All You Need To Know About Craftsman Automation IPO

Craftsman Automation IPO will end on March 17 and 50 per cent of the portion of the IPO is reserved for qualified institutional buyers.

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Sunday, March 14, 2021

India's Forex Reserves Surpass Russia's To Become World's 4th Biggest

India's reserves, enough to cover roughly 18 months of imports, have been bolstered by a rare current-account surplus.

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Opinion: Hungry Fund Managers Angry With India, Want SEBI To Make A Fix

Global investors are urging the Securities and Exchange Board of India to fix the upstairs market.

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MTAR Technologies Makes A Stellar Debut, Lists At 85% Premium

MTAR Technologies' initial public offering (IPO) had received an overwhelming response from the investors; was subscribed 200.79 times, receiving total bids for 145.79 crore shares as against 72.60...

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Sensex Sheds Over 500 Points, Nifty Slips Below 14,900

Global stock prices were off to a solid start while U.S. bond yields hovered near a 13-month peak on Monday as investors bet U.S. economic growth will accelerate after the passing of a massive...

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Stocks To Watch: Axis Bank, Kotak Mahindra Bank, DLF, MTAR Technologies

Axis Bank will acquire a 9.9 per cent stake in Fettle Tone LLP, a promoter of Max Bupa Health Insurance Company, for Rs 90.8 crore

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Laxmi Organic Industries IPO Opens Today. Here Are Things To Know

Laxmi Organic Industries' primary market offering comprises a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore by the promoter group, Yellowstone Trust

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Sensex, Nifty Poised For A Higher Opening

Global stock prices were off to a solid start while U.S. bond yields hovered near a 13-month peak on Monday as investors bet U.S. economic growth will accelerate after the passing of a massive...

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Petrol, Diesel Rates Unchanged On Monday

The state-run oil refiner Indian Oil Corporation had last raised fuel prices on February 27 to an all-time high of Rs 91.17 in the national capital

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Drastic Changes In Monetary Policy Framework Can Upset Bond Market: Rajan

Mr Rajan opined that the government's ambitious target to make India a USD 5-trillion economy by 2024-25 was "more aspirational, rather than a carefully computed one even before the pandemic"

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Kalyan Jewellers IPO To Open On March 16. Should You Invest?

Kalyan Jewellers IPO: The public issue, backed by Warburg Pincus, comprises fresh issue of Rs 800 crore and an offer for sale (OFS) amounting to Rs 375 crore

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Saturday, March 13, 2021

Laxmi Organic Industries IPO To Open On March 15

The IPO comprises a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore by the promoter group, Yellowstone Trust

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No Change In Petrol, Diesel Rates On Sunday

The state-run oil refiner Indian Oil had last raised fuel prices on February 27 to an all-time high of Rs 91.17 in the national capital

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India's Draft E-Commerce Policy Seeks Equal Treatment Of Sellers: Report

India has been deliberating a new e-commerce policy for months amid complaints from brick-and-mortar retailers who allege online giants like Amazon and Walmart's Flipkart flout federal regulations.

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Must Focus On Growth Even Amid Pressure For Trade-Offs: Chief Economic Advisor

Chief Economic Advisor Krishnamurthy Subramanian's comment comes ahead of the revision of policy framework and inflation targets by the Monetary Policy Committee by March 31.

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'Sustained Economic Growth, Investment Critical For Security Reasons'

India's economy has witnessed a substantial transformation over 30 years since 1991 with an average annual growth of 6.5 per cent," the NITI Aayog CEO said.

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LiDAR Aerial Survey Conducted For Mumbai-Nagpur High-Speed Corridor

Mumbai-Nagpur High-Speed Rail Corridor: The technique for the survey uses a combination of laser data, GPS data, flight parameters, and actual photographs to provide data.

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Steady Support For Banks In Emerging Markets Despite Resolution Regimes

The impact of resolution regimes on government support will depend on policy stances by authorities, framework specifics and the extent of banks' loss-absorbing debt buffers for potential bail-ins.

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RITES Declares Second Interim Dividend Of Rs 4 Per Share

For the first nine months of the current fiscal year (April to December 2020), RITES reported a standalone revenue of Rs 1,315 crore with profit after tax at Rs 290 crore.

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Petrol, Diesel Rates Unchanged For 14 Days In A Row

Petrol, Diesel Prices Today: Petrol and diesel prices were kept steady for 14 days in a row on Saturday across the four metro cities in the country.

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Friday, March 12, 2021

Sequoia-Backed Stanza Living In Final Stages Of Raising Up To $120 Million: Report

Stanza has so far raised $70 million from venture capital firms including Sequoia Capital, Accel Partners, Matrix Partners, Falcon Edge Capital and Equity International.

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Bullet Train Project: Agreement Signed With Japanese Firm For Rail Track Work

Mumbai-Ahmedabad Bullet Train Project: National High-Speed Rail Corporation Limited signed a memorandum of understanding with Japan Railway Track Consultant Co. Limited

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Saudi Arabia Cuts April Crude For Some Asian Refiners, Maintains India Supply

Saudi Arabia's reduction in supplies come as the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, decided earlier this month to extend most of its...

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Retail Inflation Accelerated To Three-Month High In February Amid Rising Fuel Prices

Retail Inflation In India: Retail inflation rose 5.03 per cent in February 2021 due to rise in food and fuel prices, which could challenge the Reserve Bank of India's accommodative stance.

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Rupee Gains To 72.79 Against Dollar Amid Easing Of Crude Oil Prices

Rupee Vs Dollar Rate Today: At the interbank foreign exchange market, the domestic unit opened at 72.66, but gains surrendered as trade progressed throughout the session.

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Tata Sons Proposes To Buy Majority Stake In Alibaba-Backed BigBasket: Report

Tata Digital Limited, a wholly-owned unit of Tata Sons, proposed to buy 64.3 per cent of an entity that runs business-to-business sales for BigBasket.

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Anupam Rasayan IPO Oversubscribed On First Day Of The Issue

Anupam Rasayan plans to raise Rs 760 crore by selling shares in the price band of Rs 553-555 per share.

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Rising Inflationary Risks Could Trigger Caution From RBI: Experts

Retail inflation rose to 5.03 per cent in February from a year ago. Analysts in a Reuters poll had predicted an annual inflation of 4.83 per cent for the month.

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Industrial Production Contracts 1.6% In January: All You Need To Know

Index of Industrial Production, January 2021: The indices for the mining, manufacturing and electricity sectors for the month of January 2021 stand at 119.7, 135.1 and 164.2 respectively

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Tesla In Talks With Tata Power For EV Charging Infrastructure: Report

The talks between Tata Power and Tesla are in the initial stages and no arrangements have been finalised yet, the report said.

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Retail Inflation Rises To 5.03% In February Amid Rise In Food Prices

Retail Inflation, February 2021: The retail inflation rose to 5.03 per cent in February 2021, from a year ago, according to government data released on Friday

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Sensex, Nifty Snap 3-Day Winning Streak On Broad-Based Selling Pressure

All the 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank index's nearly 2 per cent fall.

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Post-Brexit UK Ranked 4th Most Favoured Investment Destination: Report

The top three - the United States, China and Germany - were unchanged from the previous year's PwC survey, while Britain and India swapped positions.

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India Likely To Be Included In Global Bond Index By October: Report

Since 2019, India has been working toward getting included in global bond indexes as rising government borrowing has necessitated opening the largely domestic bond market to a broader investor base.

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Sensex Crashes Over 1,200 Points From Day's High; Nifty Below 15,000

All the 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty PSU Bank and Auto indexes' 2 per cent fall.

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Rakesh Jhunjhunwala-Backed Nazara Technologies IPO To Open On March 17

Nazara Technologies IPO: Investors can bid for the Nazara Technologies IPO, starting March 17, in the price band of Rs 1,100 to Rs 1,101 per equity share, at a face value Rs 4.

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Posco's Steel Plant Faces Disruption, Hampers Auto Supply Chain: Report

Supply of steel from Posco's Maharashtra plant has been seriously affected and production for carmakers "is likely to come to a standstill" if the issue is not resolved soon,

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Sensex, Nifty Off Day's Highs; Auto, Pharma Shares Underperform

All the major sector gauges came off intraday highs with seven of 11 indexes compiled by the National Stock Exchange trading higher.

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Thursday, March 11, 2021

Petrol, Diesel Prices Steady For Thirteenth Straight Day

Petrol and diesel prices were kept steady for thirteenth straight day on Friday across the four metro cities in the country.

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IDBI Bank Rallies Over 15% On Exiting Prompt Corrective Action Framework

IDBI Bank gave a written commitment to the central bank that it would comply with the norms of minimum regulatory capital, net NPA and leverage ratio on an ongoing basis.

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Sensex Surges Over 500 Points, Nifty Above 15,300 On Strong Global Cues

HDFC Bank, Infosys, ICICI Bank, Reliance Industries, Larsen & Toubro and Axis Bank were among the top movers in the Sensex.

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Sensex, Nifty Set To Stage Gap Up Opening On Strong Global Cues

IDBI Bank will be in focus after the Reserve Bank of India said that it will remove the bank from its Prompt Corrective Action framework

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Hitachi ABB Power Grid Wins Order Worth Rs 160 Crore From Indian Railways

Hitachi Power Grids in India is listed on the stock exchange as 'ABB Power Products and Systems India Limited'.

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India's Biggest Jeweler IPO Opens Next Week as Economy Recovers

The Kerala-based jewelry maker plans to sell shares worth 11.75 billion rupees ($161.2 million) between March 16 and March 18, the company said in a statement Thursday.

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Looking To Set Up A Fixed Deposit? Top Banks Pay These Returns

Conventionally, fixed deposits are looked upon as secured investments as they offer guaranteed returns, compared to market-linked investments such as stocks, where the returns fluctuate over time.

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One-Stop Digital Solution, Collaborations: What Jio Business Will Offer MSMEs

Jio Business will provide enterprise-grade fiber connectivity that includes voice and data services for MSMBs

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Wednesday, March 10, 2021

Anupam Rasayan IPO To Open Tomorrow

Anupam Rasayan IPO: A total of 50 per cent will be reserved for QIBs, 15 per cent for non-institutional investors and 35 per cent for retail investors

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The Winners and Losers From Surging Oil Prices

Oil has climbed 75 per cent since the start of November as major economies vaccinate their populations and reopen after the pandemic shut down factories and grounded planes

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Petrol, Diesel Prices Remain Steady On Thursday

Indian Oil Corporation, the country's largest state-run oil refiner, had last hiked the petrol prices on February 27 to an all-time high of Rs 91.17 in the national capital

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BSE, NSE Shut Due To Mahashivratri

Maha Shivaratri 2021: The Maha Shivaratri festival is celebrated in honour of god Shiva and refers to the night when Shiva performs the heavenly dance.

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Gold Price Today: Yellow Metal Gains Rs 112 To Rs 44,286, Silver Rises

Gold Price In India Today: MCX gold futures, due for an April 5 delivery, was last seen trading 0.15 per cent lower at Rs 44,790, having swung between Rs 44,630 and Rs 44,944 during the session

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Indian Railways Flags Off Cape Gauge Locomotive For Export To Mozambique

Indian Railways is exporting the first batch of two locomotives as part of the total order of six locomotives of 3000 HP cape gauge locomotive and 90 stainless steel passenger coaches to Mozambique.

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Reliance Jio To Support 50 Million MSMEs With Fiber Connectivity, Digital Services

The new integrated offering 'Jio Business' intends to offer digital solutions such as voice and data services to empower enterprises for managing and growing their businesses

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Easy Trip Planners IPO Subscribed Over 150 Times On Final Day Of Subscription

Easy Trip Planners IPO: Easy Trip Planners sold shares in the price band of Rs186 -187 per share and through its IPO, and plans to raise ₹ 510 crore at the higher end of the price band

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RBI Lifts IDBI Bank Out Of Corrective Action List After Four Years

IDBI Bank was placed under the so-called PCA framework in 2017 over its high bad loans and negative return on assets, at a time when Indian lenders battled record levels of soured assets, prompting...

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Rupee Inches Marginally Higher To 72.91 Against Dollar Tracking Bond Yields

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 72.97 against the dollar and registered an intra-day high of 72.88

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AU Small Finance Bank Gains Nearly 2% On QIP Issue

AU Small Finance Bank has set the floor price of the issue at Rs 1,181.06 per share and may offer a discount of up to 5 per cent, the bank said in a regulatory filing to stock exchanges

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Sensex, Nifty Gain For Third Straight Session Led By IT, Metal Stocks

The benchmarks staged a gap up opening wherein the Sensex rose as much as 405 points and Nifty 50 index briefly moved above its important psychological level of 14,200.

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Rate-Hike Bets Rise In India On Fears Of Tighter Monetary Policy

Rate-hike wagers are building around the world as optimism over an economic rebound is complicated by concern that inflation is quickening following an unprecedented period of rock-bottom borrowing...

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Power Grid Shares Fall After Acquiring Ramgarh New Transmission Limited

Power Grid share price: On Wednesday, shares of Power Grid opened on the BSE at Rs 220.35, touching an intra day high of Rs 220.35, an intra day low of Rs 214.05, so far.

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How WeWork Is Prepared To Welcome Workforce Back To Work

WeWork prioritizes people's wellbeing and each location abides by government health and safety regulations.

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Global GDP To Surpass Pre-Pandemic Level By Mid-2021, Says OECD

The pace and duration of the recovery will depend on the race between vaccines and emerging variants of the virus, according to the OECD's latest interim economic outlook

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Tuesday, March 9, 2021

Sensex, Nifty Off Day's Highs Ahead Of Weekly Future & Options Expiry

Six of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty IT index's 1.5 per cent gain.

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MTAR Technologies: How To Check Share Allotment Status

MTAR Technologies IPO: The reserved portion of qualified institutional investors was subscribed 164.99 times, non-institutional investors segment was subscribed 650.79 times and retail portion, 28.4...

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India's Retail Inflation Probably Rose In February: Poll

The March 5-9 poll of over 50 economists showed retail inflation climbed to 4.83 per cent in February from January's 4.06 per cent

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Opinion: Read India's Tea Leaves In Bonds, Not Stocks

Only two-fifths of the sovereign notes put up for sale have been bought by investors. The rest of the auctions were partially cancelled or devolved on primary dealers.

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After Budget Day, Investors Withdrew Rs 17,220 Crore From Stocks, Bonds

Corporate bonds saw the biggest outflows in about two years after the government last month announced a bigger-than-expected borrowing plan in its budget, triggering a spike in yields

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Sensex Soars Over 300 Points, Nifty Hovers At 15,200

US stocks had rallied on Tuesday, with the Nasdaq gaining about 4 per cent to recoup heavy losses from the previous session, as US bond yields retreated and investors scooped up battered technology...

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Stocks To Watch: PowerGrid Corporation, Godrej Properties

PowerGrid Corporation has acquired Ramgarh New Transmission; the transmission system comprises a new 400/220kV substation, 400kV DIC transmission lines and associated Substation extension works in...

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Sensex, Nifty Poised To Open Higher On Positive Global Cues

US stocks rallied on Tuesday, with the Nasdaq gaining about 4 per centto recoup heavy losses from the previous session as US bond yields retreated and investors scooped up battered technology stocks

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Petrol, Diesel Prices Steady On Wednesday

Indian Oil Corporation, the country's largest state-run oil refiner had last hiked the petrol prices on February 27 to an all-time high of Rs 91.17 in Delhi

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Indian Railways Integrated Rail Madad Helpline '139': All You Need To Know

Rail Madad Helpline: The new helpline number 139 will take over all the existing rail helpline numbers so that the process becomes easier for the passengers to connect with railway authorities

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Delhi Metro Red Line Stations Redeveloped: All You Need To Know

Delhi Metro Red Line: As many as 21 stations betweenDilshad Garden and Rithala section of the Delhi Metro Red Line, which are amongst the oldest ones on the Delhi Metro network were recently...

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Rupee Gains To 72.93 Against Dollar Amid Positive Domestic Equities

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 73.16 against the dollar and registered an intra-day high of 72.91

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Unilever To Exclude Word 'Normal' From Beauty Products For Inclusivity

Globally, more than a hundred Unilever brands will have the word "normal" removed to describe skin type or hair texture, and replaced with terms such as "grey hair" for shampoos or "moisture...

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Easy Trip Planners IPO Subscribed 7.2 Times On Second Day Of Subscription

Easy Trip Planners IPO: Easy Trip Planners is selling shares in the price band of Rs186 -187 per share and through its IPO, it plans to raise Rs 510 crore at the higher end of the price band

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Bank of Baroda To Seek Investor In Credit Card Business, Says CEO

The business, set up in 1994 to house the bank's credit card portfolio, is a wholly owned subsidiary that offers more than half a million customers a range of Visa and Mastercard-linked card options.

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Air India Employees Consortium Disqualified From Divestment Process

Air India Employees Consortium submitted an ''expression of interest'', last year, to participate in strategic divestment of the national carrier Air India.

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Refiners Asked To Cut Reliance On Middle East Oil After OPEC+ Decision: Report

Most of the OPEC+ producers, led by world's top exporter Saudi Arabia, last week decided to extend most output curbs into April.

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Ground Survey Conducted Through Laser Technique For Bullet Train Project

Bullet Train Project:

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Sensex Rallies Over 550 Points, Nifty Ends Near 15,100 Led by IT, Banks

Infosys, Tata Consultancy Services, HDFC Bank, ICICI Bank and Kotak Mahindra Bank were among top movers in the Sensex.

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India Protection Quotient Moves Up On Heightened Awareness: Survey

On the back of increased awareness and ownership of life insurance, urban India's protection quotient improved from 35 (during pre-Covid times in IPQ 2.0) to 39 now.

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Sensex Off Day's High, Up 200 Points; Broader Markets See Profit-Booking

Financial stocks are witnessing buying interest, with SBI Life Insurance, Kotak Mahindra Bank, HDFC Bank, Axis Bank, ICICI Bank and HDFC gaining 1.3-5.2 per cent each on the BSE

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JSW Energy Falls After Signing Agreement For Sale Of Thermal Power Plant

JSW Energy Share Price: On Tuesday, shares of JSW Energy opened on the BSE at Rs 88.40, touching an intra day high of Rs 89.45, and an intra low of Rs 82.45, so far.

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Monday, March 8, 2021

Inox Wind Signs Pact For 92 MW Wind Power Projects; Stock Edges Higher

The agreement includes a turnkey order of 26 MW for which Inox Wind will provide Integrum Energy with end-to-end solutions, rangingfrom development and construction to commissioning

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As Oil At $70 Challenges Global Economic Recovery, What India May Face

A missile attack Sunday on a key Saudi Arabian export facility sent Brent crude, the international benchmark, above $70 a barrel for the first time since January 2020

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Sensex Soars Over 500 Points, Nifty Above 15,100

Overnight, the Dow hit a record intra-day high but the big tech stocks that have led Wall Street to scale successive peaks over the past year fell, with the Nasdaq closing down 2.41 per cent

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Stocks To Watch: Kotak Mahindra Bank, JSW Energy

Kotak Mahindra Bank's board of directors will meet on March 12 to decide on the payment of dividend on non-convertible perpetual non-cumulative preference shares

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Sensex, Nifty Likely To Have A Cautious Opening

Asian stocks were set for a strong opening on Tuesday, helped mostly by global recovery prospects and the passage of a $1.9 U.S. trillion stimulus bill

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No Change In Petrol, Diesel Prices On Tuesday

Indian Oil Corporation, the country's largest state-run oil refiner, had last hiked the petrol prices more than a week ago on February 27 to an all-time high of Rs 91.17 in the national capital

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Fiscal Steps Taken By Government Led To Positive Growth: Nirmala Sitharaman

The minister further said that the gradual unlocking of the economy has eased supply-side disruptions enabling inflation to decline from 7.6 per cent in October, 2020 to 4.1 per cent in January 2021.

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Easy Trip Planners IPO Subscribed 2.33 Times On First Day Of Subscription

Easy Trip Planners shares were in huge demand as the IPO was fully subscribed within hours of opening. By 12:00 pm, the IPO was subscribed.

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Aarti Drugs Soars Nearly 4% On Getting Nod Under Pharma Incentives Scheme

Aarti Drugs: The government recently launched a Production-Linked Incentive Scheme to promote domestic manufacturing by incentivising pharma manufacturers to set up greenfield projects in India

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Sensex, Nifty End Volatile Session On A Flat Note

Gains in Infosys, Larsen & Toubro, Reliance, Axis Bank and SBI were offset with losses in HDFC, HDFC Bank, Bajaj Finance and Hindustan Unilever.

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Bad Loans To Rise At Banks As Easy Liquidity May Tighten: Fitch

Fitch sees high risk of a "protracted deterioration" in asset quality with more pressure on loans to retail and stressed small and medium-sized firms.

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Easy Trip Planners IPO Fully Subscribed Within Hours Of Opening

Easy Trip Planners is selling shares in the price band of Rs 186-187 per share, fetching the company Rs 510 crore at the higher end of the price band.

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Astral Poly Technik Gains On Declaring Record Date For Bonus Issue

Astral Poly Technik has surged over 200 per cent to fresh record high of Rs 2,332, outperforming the Sensex which was up 0.35 per cent.

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Anupam Rasayan IPO To Open On March 12. Key Things To Know

Anupam Rasayan IPO will be a fresh issue of equity shares and the issue will have 50 per cent quota reserved for QIBs, 15 per cent for non-institutional investors and 35 per cent for retail investors

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Sunday, March 7, 2021

Muthoot Finance Shares Fall After Chairman's Death

George Muthoot took charge as chairman in 1993, overseeing its expansion into more than 4,500 branches across the country and growing its market capital nearly eight folds in the past decade.

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What Are Popular Investing Habits Of Indian Women In 2021?

Women's Day 2021: Investment platforms conducted surveys to understand the qualitative aspects of women's investing habits, their goals, and the way they view the process of wealth creation.

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Sensex Gains More Than 300 Points, Nifty Reclaims 15,000

Asian shares rallied on Monday after the U.S. Senate's passage of a $1.9 trillion stimulus bill and a surprisingly strong payrolls report augured well for a global economic rebound

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Easy Trip Planners IPO Opens For Subscription Today

Easy Trip Planners IPO: The shares will be sold in the price band of Rs 186-187 per share, fetching the company Rs 510 crore at the higher end of the price band

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Stocks To Watch: Maruti Suzuki India,Aarti Drugs

Aarti Speciality Chemicals Limited, a wholly-owned subsidiary of Aarti Drugs, has received an approval under the Production Linked Incentive scheme for the pharma sector

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Sensex, Nifty Likely To Have A Gap-Up Opening

Asian shares rallied on Monday after the U.S. Senate's passage of a $1.9 trillion stimulus bill and a surprisingly strong payrolls report augured well for a global economic rebound

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Petrol, Diesel Prices Unchanged For Ninth Straight Day, On Monday

Indian Oil Corporation, the country's largest state-run oil refiner had last hiked the petrol prices a week ago, on Saturday, February 27 to an all-time high of Rs 91.17 in Delhi

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Easy Trip Planners IPO To Open On March 8. Key Things To Know

Easy Trip Planners IPO is an offer for sale by founder promoters, Nishant Pitti and Rikant Pittie; Nishant holds 49.81 per cent stake in the company and Rikant, 49.68 per cent

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Utkarsh Small Finance Bank Files IPO Papers

Utkarsh Small Finance Bank's IPO will comprise fresh issue of equity shares worth Rs 750 crore and an offer of sale of Rs 600 crore by the promoter Utkarsh Coreinvest

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Saturday, March 6, 2021

Rashtriya Ispat Nigam To Sell Land In Vizag, May Garner Rs 1,000 Crore

On Thursday, state-run construction company NBCC had announced signing an MoU with Rashtriya Ispat Nigam for redevelopment and monetisation of its 22.19 acres of land in Visakhapatnam

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Petrol, Diesel Prices Steady On Sunday

Petrol prices were last hiked a week ago, on Saturday, February 27, by 24 paise per litre in the national capital, to touch an all-time high of Rs 91.17

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Government Forms Committee To Explore Cryptocurrency As Legal Tender

Minister of State for Finance Anurag Thakur said that a High-Level Inter-Ministerial Committee was constituted by the government to accept cryptocurrency as a lawful and legal tender in India

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Credit Growth Of Banks At 6.6% In February, Lending Stronger Than Last Year

The bank credit growth increased to 6.6 per cent in February, higher than 6.4 per cent recorded in the same month last year, returning to the levels observed in the early months of COVID-19

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'Lower Home Loan Rates To Spur Demand For Residential Properties': Experts

Lower interest rate on home loans: Along with the low-interest rates, banks are providing various offers including discounts on processing fees or special benefits for women customers to lure...

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Ascendas India Trust To Acquire Industrial Facility At Mahindra World City In Chennai

Ascendas India Trust's proposed acquisition of its first industrial facility located at Mahindra World in Chennai has a net leasable area of approximately 0.42 million square feet

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Technical Bids Open For Construction Of Bridges On Bullet Train Corridor

Mumbai-Ahmedabad Bullet Train Project: Technical bids were invited for the construction of bridges for the double line high-speed railway between Zaroli village at Maharashtra-Gujarat Border and...

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Petrol, Diesel Rates Steady Across All Metro Cities For A Week

The highest fuel prices are currently the highest in Mumbai where petrol is at ₹ 97.57 per litre and diesel at ₹ 88.60 per litre, whereas, in Delhi, petrol is being sold at Rs 91.17 per litre

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Friday, March 5, 2021

Gold Price Today: Yellow Metal Trades Below Rs 44,650 Mark, Silver Slumps

Gold Price In India Today: Domestic spot gold closed at Rs 44,516 per 10 grams on Friday, and silver at Rs 65,128 per kilogram - both rates excluding GST

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Rupee Edges Lower To Settle At 73.02 Against Dollar

Rupee Vs Dollar Today: In an early trade session, the local unit declined 16 paise to 72.99 against the dollar amid muted opening in domestic equities, which weighed on investor sentiment.

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MTAR Technologies IPO Subscribed Over 200 Times On Final Day

MTAR Technologies IPO: MTAR Technologies shares got overwhelming support from investors as it received total bids for 145.79 crore shares as against 72.60 lakh shares on the offer.

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India To Appeal Arbitration Ruling In $1.3 Billion Tax Dispute With Cairn

In December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and costs, after ruling India had breached its obligations to Cairn under the U.K.-India Bilateral...

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Sovereign Gold Bonds Subscription For 12th Trance Ends Today: Should You Buy?

Gold Bond Scheme: The 12th tranche - the last series of the government's sovereign gold bond scheme 2020-21 is open for investing till today, applicable at an issue price of Rs 4,662 per unit

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Sensex, Nifty Fall For Second Straight Session Dragged By Banks

Selling pressure was broad-based as all the 11 sector gauges compiled by the National Stock Exchange ended lower.

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Sensex Drops Over 500 Points, Nifty Below 15,000 Dragged By Banks

Selling pressure was broad-based as all the 11 sector gauges compiled by the National Stock Exchange were trading lower.

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GAIL India, ONGC Surge On Rally In Global Crude Oil Prices

Oil and Gas shares including those of GAIL India Limited, ONGC gained after global oil prices jumped more than $1 a barrel on Friday, hitting their highest levels in almost 14 months

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Sensex, Nifty Off Day's Lows; Banking, Metal Shares Worst Hit

The equity benchmarks staged a gap down opening on the back of weak global cure wherein the Sensex fell as much as 535 points and Nifty moved below 14,950.

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Thursday, March 4, 2021

Petrol, Diesel Rates Unchanged For Sixth Day In A Row

According to Indian Oil Corporation, the highest fuel prices are currently the highest in Mumbai where petrol is at ₹ 97.57 per litre and diesel at ₹ 88.60 per litre

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MTAR Technologies IPO Subscribed Over 20 Times So Far On Final Day

Retail investors were seen bidding in huge quantities for the MTAR Technologies shares in the IPO as the portion reserved for retail investors was subscribed nearly 10 times.

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ICICI Bank Reduces Interest Rate On Home Loans To Lowest In 10 Years

The country's leading private lender announced today that it has reduced its interest rate on home loans up to Rs 75 lakh to 6.70 per cent.

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Government Says OPEC+ Decision To Hit Economic Recovery

Rising oil prices are posing fiscal challenges for India, where heavily-taxed retail fuel prices have touched record highs in some parts of the country.

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Heranba Industries Makes Stellar Market Debut, Lists At Premium Of 44%

Heranba Industries shares opened for trading at Rs 900 on the BSE compared with its issue price of Rs 627 marking a gain of 44 per cent

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Sensex Drops Over 400 Points, Nifty Below 15,000 On Weak Global Cues

All the 11 sector gauges, barring the index of media companies, were trading lower led by the Nifty Bank index's over 1.5 per cent fall.

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Nifty Seen Opening Below 15,000; Wipro, Heranba Industries In Focus

Wipro will be in focus today after the company said it would buy British consultancy Capco for $1.45 billion in cash.

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RailTel Launches Prepaid Wi-Fi Service At 4,000 Railway Stations

RailTel already provides free wi-fi service at more than 5,950 stations in the country, and the facility can be availed by anyone with a smartphone and an active connection after an OTP-based...

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ArcelorMittal To Invest Rs 50,000 Crore To Set Up Steel Plant In Odisha

A Memorandum of Understanding was signed between the Odisha Government and ArcelorMittal Nippon Steel for setting up a 12 million tonne steel plant in the Kendrapara district

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At $67.54 Billion, India Attracted Highest Ever FDI In First Nine Months Of A Fiscal

The total FDI amount was 22 per cent higher as compared to $ 55.14 billion received in the first ninth months of 2019-20

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Wipro To Buy UK-Based Consultancy Capco For $1.45 Billion

London-based Capco makes 96 per cent of its revenue from Europe and North America, from where Indian IT services companies have traditionally won the most lucrative contracts.

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Sensex, Nifty Snap 3-Day Winning Streak Dragged By HDFC, Reliance

Eleven of 19 sector gauges compiled by the BSE ended lower led by the S&P BSE Bankex and Finances indexes nearly 1.5 per cent declines.

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EPFO Fixes 8.5% Interest Rate For 2020-21 On Provident Fund Deposits

The Employees' Provident Fund Organisation (EPFO) has announced the interest rates on provident fund deposits for the financial year 2020-21 on Thursday, March 4. Labor Minister Santosh Gangwar told...

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EPFO Fixes 8.5% Interest Rate For 2020-21 On Provident Fund Deposits

Labor Minister Santosh Gangwar told NDTV that the EPFO board has maintained 8.5 percent interest for 2020-21, the same rate fixed for the last fiscal 2019-20.

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State-Run Banks Likely To See Bad Loan Additions Moderate: Morgan Stanley

Some of the country's state-owned banks have long struggled with a pile of bad loans, prompting the government to pump in more funds to shore up their balance sheets.

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Wednesday, March 3, 2021

Sensex, Nifty Stage Partial Recovery; Broader Markets Outperform

Seven of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Media index's nearly 3 per cent gain.

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Government Asks OPEC+ To Fulfill Promise Of Price Stability: Oil Minister

Oil prices have recovered from last year's price crash spurred by the pandemic, helped by production cuts by the OPEC+ group.

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Adani Ports To Acquire 31.5% Stake In Gangavaram Port; Stock Gains 2%

Adani Ports and Special Economic Zone is acquiring the 31.5 per cent stake of Windy Lakeside Investment in the Gangavaram Port (GPL) for Rs 1,954 crore

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Sensex Plunges Over 700 Points, Nifty Hovers At 15,000 On Weak Cues

The Nasdaq ended sharply lower on Wednesday after investors sold high-flying technology shares and pivoted to sectors viewed as more likely to benefit from an economic recovery

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Stocks To Watch: Adani Ports, HDFC, Welspun India

Adani Ports and Special Economic Zones has announced that it is acquiring the 31.5 per cent in Gangavaram Port near Visakhapatnam, currently held by private equity investor Warburg Pincus

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Petrol, Diesel Prices Unchanged For Fifth Consecutive Day

Currently, thehighest fuel prices are in Mumbai where petrol is being sold at Rs 97.57 per litre and diesel at Rs 88.60 per litre, according to Indian Oil Corporation

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Sensex, Nifty Set For A Weak Opening

The Nasdaq ended sharply lower on Wednesday after investors sold high-flying technology shares and pivoted to sectors viewed as more likely to benefit from an economic recovery

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Gold Price Today: Yellow Metal Drops Below Rs 45,000 Mark, Silver Falls

Gold Price In India Today: Domestic spot gold closed at Rs 45,217 per 10 grams on Wednesday, and silver at Rs 67,919 per kilogram - both rates excluding GST

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Indian Railways Flags Off Delhi-Siddhbali Jan Shatabdi Express

According to railway authorities, train number 04048/04047 Siddhbali Jan Shatabdi Special Express will pick up regular services starting from March 4, 2021

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Steel Exports To Remain Low Amid Rising Domestic Demand: Rating Agency

The finished steel exports in January 2021 totaled 0.58 million tonnes, down six per cent month-on-month and 16 per cent year-on-year as producers focused more on domestic sales

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Rupee Gains To 72.72 Against Dollar Amid Positive Domestic Equities

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 73.26 against the dollar and registered an intra-day high of 72.71

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Sensex Rallies Over 1,100 Points, Nifty Settles Above 15,200 Led By RIL

Reliance Industries was top mover in the Sensex, the stock surged as much as 5.4 per cent to Rs 2,219.90

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IRCON International Falls After Government's Disinvestment Plan

IRCON International Share Price: On Wednesday, IRCON international opened at Rs 93 on the BSE, touching an intra day high of Rs 93.25 and a low of Rs 90.60.

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Reliance Industries, Bharti Airtel Gain After Spectrum Auction, Vodafone Falls

Telecom shares including those of Bharti Airtel, Reliance Industries-owned Jio gained after the firms strengthened their respective networks by purchasing spectrums in the auction yesterday

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Government Woos Tesla With Offer Of Cheaper Production Costs Than China

Nitin Gadkari's pitch comes weeks after billionaire Elon Musk's Tesla registered a company in India in a step towards entering the country, possibly as soon as mid-2021.

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Sensex Surges Over 700 Points, Nifty Above 15,100; Metal Shares Shine

Foreign institutional investors bought shares worth Rs 2,223 crore while domestic institutional investors sold shares worth Rs 854 crore.

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Tuesday, March 2, 2021

MTAR Technologies IPO Fully Subscribed Within Hours Of Opening

MTAR Technologies shares was in huge demand among investors as it received total bids for 91 lakh shares as against 72.60 lakh shares on the offer.

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RPP Infra Surges After Bagging New Orders Worth Rs 1,000 Crore

RPP Infra Share Price: On Wednesday, March 3, RPP Infra Projects opened at Rs 74.55 on the BSE, touching an intra day high of Rs 83.65 and an intra day low of Rs 71, so far.

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Services Growth At One-Year High On Boom In Domestic Demand

Asia's third largest economy came out of a technical recession and expanded 0.4 per cent annually last quarter.

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MTAR Technologies IPO Opens Today, Should You Invest?

MTAR Technologies is planning to raise Rs 596 crore from the IPO which comprises of an offer for sale of Rs 472.90 crore and fresh issue of Rs 123.52 crore.

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Sensex Surges 400 Points, Nifty Above 15,000 Led By Metal, Banking Shares

All the 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Metal index's 3.7 per cent gain

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Petrol, Diesel Prices Unchanged For Fourth Day In A Row

Petrol prices were last increased on Saturday, February 27, by 24 paise per litre in national capital of Delhi to an all-time high of Rs 91.17

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Nifty Seen Opening Above 15,000; Telecom Stocks In Focus

Foreign institutional investors bought shares worth Rs 2,223 crore while domestic institutional investors sold shares worth Rs 854 crore.

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Indian Railways Freight Loading Up 10% To 112 Million Tonnes In February

According to a statement shared by the Railway Ministry, the freight earnings stood at Rs 11,096.89 crore, up 7.7 per cent over the corresponding month last year.

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Spectrum Auction Ends With Rs 77,815 Crore Bids, Reliance Jio Top Buyer

Reliance Jio Infocomm Ltd said it acquired the right to use spectrum in all the 22 circles or zones across India. In all, it won 488.35 MHz of spectrum, taking up its spectrum footprint by 55 per cent...

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Rupee Gains To 73.37 Against Dollar Amid Positive Domestic Equities

Rupee Vs Dollar Rate Today: At the interbank foreign exchange market, the domestic unit opened at 73.32 against the dollar and registered an intra-day high of 73.31.

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RBI Restricting Banks From Raising Stakes In Insurance Firms: Report

Reserve Bank of India rules allow banks to hold up to 50 per cent stakes in insurers and on a selective basis equity holdings can be higher but must eventually be brought down within a certain period.

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Spectrum Auction: Bharti Airtel Buys Radiowaves Worth Rs 18,699 Crore

Airtel said in a statement that it acquired radiowaves worth 18,699 crore entailing 355.45 MHz spectrum across Sub GHz, mid band and 2300 MHz bands

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Petrol, Diesel Prices Today Remain Steady For Third Day In A Row

Petrol Diesel Prices Today: After regular hikes in the past few weeks amid rise in global crude oil prices, fuel rates in India remained unchanged for the third straight day today

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Imports Rise 7% In February, Trade Deficit Widens To $12.88 Billion

India was a net importer in February 2021 with a trade deficit of $12.88 billion, as compared to a trade deficit of $10.16 billion in the corresponding month last year, improving by 26.74 per cent

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Sensex, Nifty Rally For Second Straight Session Led By Auto, IT Stocks

All the 19 sector gauges compiled by the BSE ended higher led by the S&P BSE Auto index's over 3 per cent gain.

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Bharti Airtel Gains After Acquiring 355.45 MHz Spectrum For Rs 18,699 Crore

Bharti Airtel Share Price: On Tuesday, Bharti Airtel opened on the BSE at Rs 542.95, touching an intraday high of Rs 543.95 and an intraday low of Rs 529.05, so far.

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Flipkart Expands Online Grocery Sales To More Cities

The Bengaluru-based firm said its grocery service had grown "exponentially" in the past year when many Indians began buying essential supplies online due to the health crisis.

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CNG, PNG Prices Hiked From Today: Here's How Much You Have To Pay

CNG, PNG Prices Today:

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MTAR Technologies IPO To Open Tomorrow. Here Is All You Need To Know

MTAR Technologies' Rs 596 crore IPO comprises of offer for sale of Rs 472.90 crore and fresh issue of Rs 123.52 crore.

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Monday, March 1, 2021

RailTel Corporation Rises For Third Day, Nearly Doubles From Issue Price

RailTel Corporation Share Price: On Tuesday, RailTel opened on the BSE at Rs 161, touching an intraday high of Rs 173.50, and an intraday low of Rs 156.05

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Sensex, Nifty Off Day's Highs On Weakness In Banking Shares

Eight of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Auto and IT indexes' nearly 2% gain.

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Bharat Petroleum Gains After Board Approves Sale Of Numaligarh Refinery

BPCL will sell stake in the refinery for a total consideration of Rs 9875 crore to a consortium of Oil India, Engineers India and Assam government.

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Sensex Rises 400 Points, Nifty Above 14,850; BPCL Rises Over 3%

All the 11 sector gauges, barring the index of metal stocks, were trading higher led by the Nifty IT index's over 1 per cent gain.

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Sensex, Nifty Set For A Quiet Start; HPCL In Focus

SGX Nifty or Singapore Nifty Futures rose 0.13 per cent or 18 points to 14,811.

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GST Collections Crossed Rs 1 Lakh Crore Mark For Fifth Month In A Row

GST collections, which directly reflect the state of economic activity, had plummeted to a record low of Rs 32,172 crore in April 2020, after the government imposed a nationwide lockdown to curb the...

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Gold Price Today: Yellow Metal Up Rs 241 In Delhi, Silver Trades Higher

Gold Price In India Today: Domestic spot gold closed at Rs 45,976 per 10 grams on Monday, and silver at Rs 68,466 per kilogram - both rates excluding GST

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Manufacturing Sector Grows For 7th Straight Month, Momentum To Continue

A fast nationwide vaccine roll out could provide a further boost to activity normalisation.

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Mobile Retailers Call For Amazon Probe, Cap On Online Smartphone Sales

In a letter sent to Modi, the group cited a Reuters special report published last month that revealed Amazon has for years given preferential treatment to a small group of sellers on its Indian...

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PF Exceeding Rs 2.5 Lakh To Stop Earning Tax Free Interest From April

Individuals whose provident fund contribution is Rs 2.5 lakh or more in a financial year, will not be able to seek tax exemption on the interest earned from the next financial year

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Bitcoin Gains 6% To Cross $47,000 After Hitting Lowest In 20 Days On Sunday

Bitcoin Gains 6%: Citi said that with the recent announcements of Tesla Inc and Mastercard's investments, bitcoin could be at the start of a massive transformation in the mainstream.

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Rupee Edges Lower To 73.55 Against Dollar Amid Rise In Crude Oil Prices

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 73.76 against the dollar and registered an intra-day high of 73.19

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Petrol Sales Increased 1.5% Last Month, Diesel Sales Fell 5.3%

State fuel retailers sold 2.22 million tonnes of gasoline and 5.81 million tonnes of diesel last month, the data provided by an industry source showed

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Sensex Surges 750 Points, Nifty Ends Above 14,750 As India Exits Recession

Buying was visible across the board as all the 11 sector gauges compiled by the National Stock Exchange ended higher.

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Maruti Suzuki Gains After Recording 11.8% Rise In Domestic Sales Last Month

Maruti Suzuki Share Price: On Monday, Maruti Suzuki India Limited opened on the BSE at Rs 6,950, touching an intra day high of Rs 7,032.85, and an intra day low of Rs 6,920, so far.

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Tata Motors Gains After Passenger Vehicle Sales More Than Doubles In February

Tata Motors Share Price: Tata Motors opened on the BSE at Rs 329.90, touching an intraday high of Rs 331.85 and an intraday low of Rs 322.55

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Warren Buffett Upbeat On US, Berkshire, Buys Back Stock Amid Pandemic

Warren Buffett's enthusiasm for the future of America and his company Berkshire Hathaway Inc has not been dimmed by the coronavirus pandemic.

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State Bank Of India Reduces Home Loan Interest Rate To 6.7%

State Bank of India, the country's largest lender, on Monday reduced its interest rate on home loans up to Rs 75 lakh to 6.70% from 6.8%.

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