Reliance recently conducted its 44th Annual General Meeting and astounded the shareholders with several big announcements. From introducing a new, international director on the board to the development of a covid-fighting drug, strategic partnerships with tech giants like Google and Facebook, and introducing the world’s most affordable smartphone. However, the announcement that attracted the most …
The government noted on 7th January, 2023 that it had received several EOIs (or Expressions of Interest) for the disinvestment of its stake (as well as that of the LIC) in the Industrial Development Bank of India. The announcement was made, including through a tweet, by the Department of Investment and Public Asset Management. The …
On Thursday, RRVL (Reliance Retail Ventures Ltd.) informed that it had acquired the sole control of 25-year-old firm Just Dial. Just Dial is a search and discovery firm, also popularly known as a local business listing search engine. The move makes way for Reliance Industries to have access to Just Dial’s vendor and organisation database. …
What is a Fibonacci Retracement? As Fibonacci’s famous numbers are expressed in nature very often, traders commonly believe that they influence the financial market as well. One widely employed trading tool among experienced investors is a Fibonacci retracement. A Fibonacci retracement is a series of horizontal lines on a stock chart conceived using the ratios from the numbers …
What has been transpiring at Infosys over the last few days is not something we often see. An iconic company in many ways, Infosys has typically stuck to its core values of performance, consistency, transparency and governance. Be it adopting global accounting standards or giving detailed guidance on earnings or sharing a wealth of information …
As the media continues to speculate on the perceived differences between the Infosys Board and its founding members, the Infosys management hosted a press conference to address some of the key queries that have been doing the rounds in the electronic & print media as well as the social media. Overall, the press conference was …
The stock price of the company, which became India’s most valuable startup, went down 9% on the National Stock Exchange. On the Bombay Stock Exchange, the shares of Paytm started trading at 1,955 per share. Despite the discounted listing of the share, its market capitalization has crossed the Rupee One Trillion mark. One97 Communications’ IPO …
The Directorate General of Civil Aviation (DGCA) allowed SpiceJet to bring back Boeing 737 MAX starting next month. The airline said in a regulatory filing that it would try to revive the MAX aircraft from September. This is a huge upside for Boeing that has been trying to bring its aircraft back into India. That …
Nearly 7% of the current Indigo flights are grounded because the Directorate General of Civil Aviation (DGCA) all A-320 Neos fitted with PW1100 engines beyond ESN 450 to be grounded with immediate effect. This announcement was made by the DGCA citing safety reasons after repeated engine problems were found. PW engines are manufactured by Pratt …
To be fair, it was never in doubt that D-Mart will get a bumper listing on the bourses. But the stock actually went on to break all expectations. Against the issue price of Rs.299, D-Mart listed at nearly Rs.600 and despite minor hiccups, closed the day near its highest point. By close, it had yielded …
