When Ultratech Cements, owned by the Kumaramangalam Birla Group, made an aggressive Rs.7266 counter bid for Binani Cements, it not only set a new price benchmark for Binani Cements but also called into question many of the accepted tenets of dealing through the NCLT. While the last word has not been said on that Binani …
The Banking Sector is an integral part of any economy. Rather it is impossible to conceive an economy without banks. In simple terms a well-functioning financial system is fundamental to a modern economy, and banks perform important functions not only for the economy but also for the society. To build up a business three important …
As per the report published by Edelweiss, the shares of 13 companies have been upgraded from the mid-cap category to the large-cap category. Amongst those are the recently listed food aggregator Zomato, online payment service provider Paytm, e-commerce company Nykaa and the insurance aggregator Policy Bazaar. Apart from that, the research report also mentioned about …
WHO IS RAKESH JHUNJHUNWALA Rakesh Jhunjhunwala, an investor with a golden touch, is commonly referred to as the Warren Buffet of India. Apart from being an investor, he is primarily a Chartered Accountant. Jhunjhunwala is the 48th wealthiest individual in the country, according to Forbes’ Rich List, with a net worth of $3 billion. On …
Today let’s look at the performance of some stocks post their trading. Given the volatility of the stock market and its corresponding ups and downs, we’re focussing on the fortunes of three stocks, Biocon, Tata Elxsi and Sterlite Technology. Get the details here! Biocon Surge Morgan Stanley has upgraded this stock of Biocon from overweight …
Sharp Decline in Equity Benchmark Indices Indian markets are experiencing a Black Monday as equity benchmark indices have fallen more than 3% on Monday. This sharp decline is significant, but what stands out even more is the dramatic rise in the India VIX, or India Volatility Index, which is a measure of the market’s expectations …
The NSE benchmark Nifty50 index has experienced a significant decline of over 1.5% on Monday, following a drop of more than 1% on the previous trading day. This cumulative fall of over 2.5% in just two trading sessions has caused the index to slip below the 20-day moving average (DMA), a crucial indicator for short-term …
Warren Buffett’s Berkshire Hathaway has made a notable shift in its investment strategy by substantially increasing its cash reserves while reducing its significant stake in Apple. This move comes amid rising economic uncertainties and volatile market conditions. Cash Reserves Surge to Record Levels Berkshire Hathaway’s cash holdings have surged to nearly $280 billion, marking an …
The Insolvency and Bankruptcy Board of India (IBBI) has announced a new measure to upgrade the authenticity and verification of valuation reports under insolvency law. According to a circular released recently, IBBI will now issue a unique Valuation Report Identification Number (VRIN) for each valuation report prepared under the Insolvency and Bankruptcy Code (IBC). This …
The Comptroller and Auditor General of India (CAG) audits all financial transactions of the Central and State governments, including funds, deposits, and debts. Additionally, the CAG advises the President on record-keeping processes for both the Centre and the States.The Indian Railways, regarded as the backbone of the country’s transport infrastructure, is under scrutiny due to …
