The software giant Microsoft is reportedly in talks to acquire stakes in the SoftBank-backed Indian start-up Oyo. Even though neither of the companies have confirmed the news, inside sources suggest that Microsoft is supposedly entering this deal with a $9 billion valuation of Oyo. However, the actual investment amount is yet to be available, and …
Reliance Industries Ltd has dropped to the 155th place on the list of Fortune Global 500 companies. According to reports, the Indian conglomerate has dropped 59 spots on the list, and its ranking is its lowest since the last four years. The list, which was released on August 2, is topped by Walmart while State …
The Prime Minister, on August 2, launched the e-RUPI, which is a digital instrument for payment purposes. The objective of this instrument, according to the prime minister’s speech is to make payments seamless and easy; the e-RUPI is aimed at making welfare services-associated payments easier. So, how does the e-RUPI work? The e-RUPI is a …
The opening bell of 4 August 2021 can be marked as a notable one as 4 companies from different industries made their Dalal Street Debut. This list included Exxaro Tiles, Windlas Biotech, Devyani International Ltd, and Krsnaa Diagnostics. The response for these IPOs has been overwhelming on the first day, as allotted shares have been …
The all-crucial Reserve Bank of India’s monetary policy committee (MPC) announced on Friday kept interest rates unchanged for the seventh consecutive time, maintaining an accommodative position. The RBI has projected retail inflation for FY22 at 5.7 per cent from its earlier forecast of 5.1 per cent. The central bank has maintained the repo rate at …
Glenmark Life Sciences, a wing of Glenmark Pharmaceuticals Ltd, has made its public market debut at a premium of just 4%. It is over the issue price of Rs. 720 per share. This result seems tepid on the background of the IPO frenzy, where issues are attracting a premium price tag. This stock opened at …
Rolex Rings made a stock market debut on 9 August 2021 at a sharp premium of 39% over its issue price of Rs. 900. To elaborate, the company’s shares opened at the National Stock Exchange at Rs. 1250 and at the Bombay Stock Exchange at Rs. 1249. Regardless, the debut did not impress investors and …
An Overview Through the NSE’s GIFT City branch in the International Financial Services Centre (IFSC) in Gujarat, Indian investors will soon be able to purchase and sell shares of US-listed companies. On Monday, NSE IFSC announced that it has set up infrastructure allowing Indian investors to buy US stocks, and that broker registration is in …
What is the market breadth? The market breadth is an indicator that helps any trader analyze the number of stocks that are advancing compared to those that are declining in a given index or on a stock exchange. Market breadth attempts to find how much strength and weakness is there in a given stock. What …
Adulting isn’t always fun and games, no matter how cool it sounds like a kid. The task of managing finances is one that many of us find challenging. At times, it can seem overwhelming. Due to the ongoing pandemic, the working class suffered the brunt, losing their jobs or receiving lower wages. To add to …
