Mukesh Ambani led Reliance Group (RIL) has decided to become debt-free by March 2021, and it seems like the company is moving steadily towards its goal. Recently, it has raised $8 billion in foreign investment in deals with Facebook, Silver Lakes, and Vista PE, and now it declared the rights issue for its existing investors. …
The aluminium producer Hindalco Industries Ltd. released its Quarter 3 results on 10 February 2022. This company saw a rise in net profits and revenue for the quarter ending December in FY 22, which left investors duly happy. Check out the details of the same below. Let’s start! Key Highlights of Hindalco’s Q3 Results Here …
HDFC Bank has released its Q4 earnings for the fourth quarter on Saturday. The release of Q4 earnings data led to a 3.7% slump in HDFC stock on Monday early trading. The shares dropped to Rs. 1,409 on the BSE. Many analysts have reduced the target price estimates for HDFC bank, although some still remain …
The state-owned power producer said that it is considering equity buyback on November 2. In October, the company filed with the SEBI, seeking relaxation on the strict buyback norms has received approval from the market watchdog. Buyback of equity shares is the opposite of going public – a company buys back its shares from existing …
MCX has launched natural gas mini futures contracts. These will be available for trading from March 14, 2023. Initially, contracts expiring in April and May will be available for trading. Going forward, contracts for the subsequent months with 3 months expiry will become available on the exchange. The minis will be available for 250 MMBtu …
India’s biggest public sector bank, State Bank of India (SBI), saw its stock hit an unprecedented peak, scaling 4.67 per cent compared to the prior close on the BSE, on the back of its first quarter earnings. The SBI share price touched Rs 467.3 on August 4, and gained over 66 per cent since January …
1. Can you evaluate the market movement since the beginning of this month? After crossing the level of 11,100 in late January 2018, the Nifty has corrected close to 1000 points from the peak. Although the Nifty did bounce after touching a low of 10,150 on March 03rd, the subsequent bounce has been met with …
Several Public Sector Banks rank quite high when it comes to holding toxic assets on their books. Additional pressure piling on to a swathe of commercial, industrial and retail loans because of the first and the second lockdown has dampened the lending sentiment and increased the quantum of non-performing assets in the ecosystem. The balance …
The Securities Appellate Tribunal (SAT) set aside SEBI’s directions pertaining to the voting rights of PNB Housing’s stakeholders this Monday. This regulatory body allowed PNB Housing Finance to move ahead with its extraordinary shareholder’s meeting, which is scheduled for Tuesday. The topic of discussion for this said meeting is regarding the proposal of Rs. 4,000 …
PNB Housing Finance share Price rose over 3% in early trading on Monday, despite benchmark indexes falling under the weight of rising crude oil prices, as investors hailed new initiatives to acquire cash. After a failed effort to raise Rs 4,000 crore by selling a share to Carlyle Group last year, the mortgage lender’s board …
