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 …
The Reserve Bank of India (RBI) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 % based on an assessment of the current and evolving macroeconomic situation. The Standing Deposit Facility (SDF) rate has been maintained at 6.25%. The Bank Rate also stays unchanged at 6.75%. Four out …
The Nifty 50 index reached a historic milestone on Thursday, hitting the 25,000 mark after three days of unsuccessful attempts. This achievement marks the third-fastest 1,000-point rally in the index’s history, surpassed by the rapid surge from 16,000 to 17,000 in August 2021, which took just 19 trading sessions and 23,000 to 24,000 this year, …
The Securities and Exchange Board of India (SEBI) has issued a stern warning to Paytm, expressing concerns over the fintech giant’s related party transactions. The market regulator has vowed to prevent a recurrence of such incidents, referring to them as “Paytm-type contamination.” SEBI’s action follows an earlier warning issued to Paytm on July 16 regarding …
