The recent Budget 2021-22 has brought the spotlight back on the government’s disinvestment and privatisation plans. The Finance Minister, in her Budget, announced the disinvestment of the government stakes in two Public Sector Banks (PSBs) apart from one general insurer, apart from disinvestment of IDBI Bank. The markets reacted positively to the Budgetary announcement pertaining …
The government extends the BPCL bid deadline for the third time. Bharat Petroleum Corporation Ltd., India’s second-largest oil refiner, is a government-controlled company. In November 2019, the government decided to sell off its entire stake of 52.98 percent to interested private parties. Although, the cabinet accepted the proposal of disinvesting government equity shares in BPCL …
In its meeting held today, the Monetary Policy Committee (MPC) made several key decisions based on its assessment of the current and evolving macroeconomic situation. The committee opted to maintain the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%. Additionally, the standing deposit facility (SDF) rate remains unchanged at 6.2%, while …
Gaming platform Mobile Premier League will lay off 350 employees as it takes steps to “survive” the 28% GST imposed on online gaming companies, according to an internal company mail on Tuesday. Last week, Finance Minister Nirmala Sitharaman said the decision will be reviewed after 6 months of its implementation or April 2024 by the …
Morgan Stanley, a leading brokerage firm, has raised its rating for India to “overweight.” They are optimistic about the country’s potential for a long-term economic boom. This upgrade comes as India’s relative valuations appear to be less extreme compared to the situation in October. Additionally, the firm sees promising prospects for increased capital expenditure and …
According to Kantar Worldpanel’s inaugural study on the cosmetics category in India, over the past six months, the top 10 Indian cities witnessed the sale of more than 100 million cosmetic items, such as lipstick, nail polish, and eyeliner. Consumers collectively spent over Rs 5,000 crore on these beauty products, with 40% of them opting …
On 14 September 2021, Tuesday, shares of Ami Organics and Vijaya Diagnostic made strong debuts on D-Street after a number of tepid listings. Here, we’ll be looking into how the listing day of these two stocks turned out. Ami Organics Makes a Firm Debut Ami Organics shares got listed on the BSE at Rs. …
On Tuesday, 1 February 2022, Tech Mahindra reported a rise in consolidated net profit by 4%, amounting to Rs. 1,368 crores during Q3 ended December 2021. The net profit was Rs. 1,309 crores during the same time back in 2020. Scroll through this blog to get an extensive overview of Tech Mahindra! What About Tech …
Today, Birlasoft Limited in collaboration with Microsoft the company has set up a Generative AI Centre of Excellence in Noida, Pune, and Edison, NJ (USA). This strategic initiative is focused on accelerating value creation and fostering innovation in the adoption of Generative AI to deliver cutting-edge enterprise solutions across various industries. The centre will leverage …
Indian private lender, IndusInd Bank will sell Rs 3,288 crores worth of stakes to institutional investors as a measure to raise its capital funds base amid rising uncertainties caused by the pandemic outbreak. IndusInd is walking the same line that some of the other premier banks have already opted. Big wigs like HDFC Bank Ltd., …
