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 …
Economic recovery The global economic recovery is strengthening, and now is the right time for a shift in the global order, according to Kumar. He emphasised that if the global economy continues to open, a new world order will emerge. Kumar went on to say that alliances of like-minded countries are urgently needed, as well …
An Overview The Union Cabinet agreed to a rescue package for the telecom sector on Wednesday, which includes a four-year moratorium on telecom companies paying statutory dues and permitting 100 percent foreign investment through the automatic route. Telecom Minister Ashwini Vaishnaw briefed on the Cabinet’s decisions, saying that nine structural reforms for the telecom sector …
Ami Organics made an impressive stock debut as its shares got listed on the bourses at a 49% premium. Since listing, the share price of this Surat-based specialty chemical manufacturer has surged 84% from its IPO issue price of Rs. 610 per unit. Moreover, on 15 September 2021, Thursday, Ami Organics share price surged 20% to …
