India recently made a significant mark in the world of finance by introducing its first-ever 50-year bond. This strategic move is part of the Indian government’s broader efforts to revamp its borrowing profile. Prior to this groundbreaking issuance, the longest-tenor government bond available in India was the 40-year paper, which had a cut-off yield of …
On Saturday, 12 February 2022, Max Healthcare Institute posted a net profit of Rs. 252 crores in Q3 ended on 31 December 2021 ─ marking 87% YoY (year-on-year) growth led by normalisation of surgeries and improved payor mix. This hospital chain generated Rs. 135 crores net profit during Q3 FY 20. Keep scrolling to get …
At 12:30 pm, Reliance Industries shares were trading at Rs 2262.15, up by 1.61% from its previous closing of Rs 2226.20 on the BSE. Reliance Industries’ telecom arm, Reliance Jio Infocomm (Jio), has successfully demonstrated India’s first satellite-based gigabit fiber service to provide high-speed broadband services to previously inaccessible geographies within India. Jio showcased its …
Candlestick patterns are quite popular chart patterns. Traders recognize a variety of candlestick patterns in trading charts to forecast stock price movement. Some of these are considered strong trend reversal indications and so, when traders identify them in trading charts, they form trading strategies around those. We have discussed some of the candlestick trading strategies …
In the recent past, there had been news doing the rounds of a merger between NCDEX (National Commodities and Derivatives Exchange Limited) and NSE (National Stock Exchange). As of 26 November 2021, the report is close to being confirmed and announced. Find out more details regarding this story below: Key Highlights of the NCDEX-NSE Merger …
After a strong start to 2022, Sensex finally fell victim to the interest rate hike announcement from US Federal Reserve. On 6 January 2022 alone, the market fell about 900 points, only in India. The same can be said about other markets of Asia and the USA. This comes as an aftermath of US Federal …
The Federal Bank Ltd. (India) stands as a prominent player in the world of banking and financial services. Founded in 1931 as Travancore Federal Bank Limited, the institution has evolved into a diverse financial conglomerate with a wide range of offerings, including retail and corporate banking, para-banking activities, treasury services, and foreign exchange operations. Headquartered …
India’s largest diagnostics service provider, Krsnaa Diagnostics, has fixed its IPO price band at Rs. 933 to Rs. 954 per share. The company’s public issue will open for subscription from 4 August 2021 Wednesday. Individuals can put in bids till 6 August, Friday. The upcoming initial public offering will comprise a new issue worth Rs. …
On the early morning of August 14, 2022, India was shocked by the news of Rakesh Junjhunwala’s demise. He was India’s ace investor and fondly called the big bull of Dalal Street. Let’s look at the life and legacy of Rakesh Jhunjhunwala and try to take a leaf or two from his investment book. Early …
In a groundbreaking move aimed at transforming the agricultural landscape of India, the Cabinet Committee on Economic Affairs, under the visionary leadership of Hon’ble Prime Minister Shri Narendra Modi, has approved a momentous increase in Minimum Support Prices (MSP) for all mandated Rabi Crops for the forthcoming Marketing Season 2024-25. The government’s resolute commitment to …
