4 of India’s 10 most valued businesses have added a massive Rs. 65,464 crores to their market valuation over the past week. Out of these 10 companies, telecom giant Bharti Airtel and State Bank of India have been frontrunners. These two giants have emerged to be the biggest winners over the last trading week. As …
On 20 September 2021, Monday, Kotak Mahindra Bank revealed that it would buy a 9.98% stake in Hyderabad-based KFin Technologies. The financial institution will fund the deal via a cash consideration of approximately Rs. 310 crores. That said, this transaction is contingent on the usual closing conditions. As per reports, the deal is likely to …
The RBI deputy governor, M Rajeshwar Rao, has laid stress on the importance of bringing green finance into focus. As per news reports, the RBI deputy governor noted that there was a need to consider environmental impact in the commercial lending space. As part of the RBI’s deputy governor’s address reported in the media, he …
An Overview Eureka Forbes has been sold to Private Equity fund Advent International for Rs 4,400 crore by the Shapoorji Pallonji Group.The proceeds from the transaction will be used to reduce the 156-year-old conglomerate’s debt and focus on Afcons’ primary construction and engineering division. According to the SP group, the estimate of Rs 4,400 crore …
On 2nd August 2021, Indian Prime Minister Narendra Modi announced the launch of the E-Rupi voucher as a way to revolutionize digital payment mechanisms and aid in the COVID-19 vaccination drive. This led to a rise in questions about the utilization and necessity of the United Payments Interface (UPI) system’s utilization and necessity in the …
In the present world, it has become effortless to do financial transactions. With a click on the phone, you can transfer a huge amount of money across any corner of the world. This is all possible due to the rapid innovation and revolution in the space of the fintech industry. FinTech, which stands for Financial …
The National Stock Exchange (NSE) is reportedly weighing the possibility of withdrawing the stop loss market order facility for options trading, so as to curb losses in the wake of freak trades. It may be recalled that many incidents of freak trades have occurred in the recent past in the F&O segment, and stop loss …
Surge in M-Cap In last week’s market evaluation, four out of the top ten most valued companies added a total of Rs. 65,464 crore. The most significant winners over the past trading week were Bharti Airtel and SBI. In the past week, the benchmark for 30-share BSE increased 710 points or 1.21%. On Thursday, for …
An Overview So far in September, foreign portfolio investors (FPIs) have been net purchasers in Indian markets, investing a total of Rs 16,305 crore. On a net basis, foreign investors invested Rs 11,287 crore in shares and Rs 5,018 crore in debt between September 1 and 17, according to depositories data. The entire net investment …
India’s information and technology giant, Tata Consultancy Services, has finally entered the promised land of Rs. 200 billion market capitalisation. It is primarily due to this fact that its stock reached an all-time high in intraday trading on Wednesday, 15 September 2021. TCS’ stock price reached its lifetime high of Rs. 3,980, and it ended …
