April is the time for all companies to not only understand the performance of companies but also the time for companies to share the amount of stake their shareholders own in the company. Rakesh Jhunjhunwala commonly known as the Warren Buffet of India has raised his stake in Fortis Health from 3.97% in Q3 to …
A year after the first wave of the coronavirus pandemic hit the country, the daily increase of Covid-19 cases has touched nearly a lakh. Overall, India’s coronavirus cases have increased to nearly 12.7 million, according to the Ministry of Health and Family Welfare. Active cases are now geared to touch the eight lakh mark. The …
There are fourteen scheduled holidays and six extended weekends in the 2021 calendar when trading in BSE and NSE would remain close. Extended weekends happen when the holiday falls, either on Friday or Monday. Saturdays and Sundays are the weekly offs. The first week of April was an extended holiday for the market. The next …
India’s coronavirus daily tally touched a record high of 1,03,558 fresh infections on Monday, April 5, the highest pandemic numbers in the country, taking the Covid-19 case tally to 1,25,89,067 cases, according to the Union Health Ministry. The last single-day peak was registered when India recorded 97,894 infections on September 17 last year. Out of …
NIIT’s Board of Directors had approved the company’s buyback plan. Investors can surrender their current holding of NIIT shares for a price of Rs 240, offered at a premium to the current market price. The decision was taken on December 24, and the skill and talent development company has received all required approvals from SEBI …
NIIT share price rallied 19.98 percent to gain Rs 27.55 and closed on Rs 165.45 ahead of the buyback news. The company announced its plans to buy back shares from existing shareholders, beginning on April 12. In a letter submitted to the BSE, NIIT mentioned that it had received all necessary approvals from the market …
As an increasing number of people move online for work, play and transactions, cases of data leaks have also increased. Just recently, data of 553 million Facebook users from across the globe including India were leaked; details such as Facebook ids, phone numbers, email addresses, personal information such as dates of birth were leaked. Over …
In a year that saw the Covid-19 pandemic impact every sector, the stock markets have not just stood strong but offered impressive returns. As the financial year 2020-21 came to an end on March 31, the benchmark index Sensex posted the largest ever gain of 68 per cent in 11 years. In FY2010, the Sensex …
India’s inflation has been a cause for concern, according to a recent Moody’s Analytics report which says inflation is “above comfort levels” in India. The report also noted that Asian economies barring China have shown some sort of inflation-related worries. Moody’s Analytics further noted that the rise in retail inflation to 5 per cent in …
As the second wave of Covid infections grip several states in the country, what does it look like for the retail sector? In February, as Covid infections dropped from the September 2020 levels, the Indian retail sector heaved a sigh of relief as sales figures came in. The Retail Business Survey showed that February sales …
