RBI launches UPI123Pay: How UPI will work on feature phones

feature phone

RBI launched a new UPI service 123 Pay. So RBI has launched to help 400 million feature phone users. Till now UPI payment was done through online payment applications and USSD based services on an offline feature phone. With the USSD base service, those users who do not have a smartphone or internet connection can … Read more

Flipkart Axis Bank Credit Card charges, benefits, apply

Flipkart Axis Bank Credit Card

Flipkart Axis Bank Credit Card: The special feature of this credit card is that it is lifetime free. For this, you do not have to pay an annual fee and Rs. 500 only joining fee is to be paid. Once you get the credit card, you will not have to pay any fees, along with … Read more

Apple shares fall amid chip shortage and Fed likely to hike rates

Apple shares

Apple Inc.: Apple’s shares was also in a downward trend last month. There are many reasons behind this decline in Apple’s shares. It is expected that the US Federal Bank will increase the interest rate to control inflation. Due to this, there will be a reduction in the disposable income of the consumers, due to … Read more

Vodafone Idea fall 6% after board approves fund-raising of Rs 4500 cr, Nomura reduce rating

Trading (Vodafone Idea)

Yesterday the board of Vodafone Idea approved a fund raise of Rs 4500 crore by issuing shares to its promoter group on a preferential basis in a meeting. This issue will be done at a price of Rs 13.30 per share. Apart from this, the board of Vodafone Idea also approved the decision to conduct … Read more

Meta stock fall: Apple’s privacy feature and Facebook’s daily active users decline in Q4 | Facebook Stock

Facebook

Facebook Stock (Meta Platforms Inc.): Facebook stock is down 28.69% in the last one week. The company almost saw a 26% decline on Thursday, reducing its market cap by about $230 billion. The biggest reason for this decline is the decrease in the number of daily active users of Facebook. According to the company, this … Read more

Sensex and Nifty 2% down amid rising oil price, Russia-Ukraine crisis, ABG Shipyard Ltd case

Sensex and Nifty 2% down amid rising oil price, Russia-Ukraine crisis, ABG Shipyard Ltd case

Today Indian market opened in red and both Sensex and Nifty were down more than 2% in early trade. Nifty had gone below the mark of 17000 points and the same Sensex had also come down from the mark of 57000 points to around 56650 points. Rising inflation and crude oil prices Crude oil prices … Read more

Nifty and Sensex down 3.4% as Russia-Ukraine crisis, Moscow Exchange suspended trading, crude oil prices at 7-year high

Nifty and Sensex down 3.4% as Russia-Ukraine crisis, Moscow Exchange suspended trading, crude oil prices at 7-year high

Today both Nifty and Sensex are down 3.4% in pre-opening. Sectoral indices such as Nifty IT, Nifty Bank, Nifty Auto, and Nifty Metal are also down over 3.5%. Russia’s President Putin has declared a military action in Ukraine. According to reports, there have been explosions at some places in Ukraine. US indices such as Dow … Read more

InterGlobe Aviation shares fall 4% after IndiGo co-founder Rakesh Gangwal resigns from board

Airline (InterGlobe Aviation shares fall 4% after IndiGo co-founder Rakesh Gangwal resigns from board)

Today the share price of Interglobe Aviation, the parent company of leading Indian airline IndiGo in the early trade went down almost 4%. The company’s co-founder Rakesh Gangwal took the decision to resign from the company’s board. Where he was playing the role of a non-executive non-independent director. Rakesh Gangwal also said that he will … Read more

Tata Motors stock up 3%, Partnership in Jaguar and Nvidia to deliver automated driving systems

electric vehicle

The share price of Indian Automobile giant Tata Motors had gone up almost 3% today. Tata Motors subsidiary Jaguar Land Rover (JLR) has signed a multi-year long-term strategic partnership with Nvidia, the world’s largest graphic and AI chips producer. Nvidia said that from 2025 all Jaguar Land Rover (JLR) vehicles will be built on the … Read more

Schaeffler India Q4 FY22 results: Net profit at Rs 190.64 cr, net sales rise 19.58%, dividend of Rs 16 per share

Schaeffler India Q4 FY22 results: Net profit at Rs 190.64 cr, net sales rise 19.58%, dividend of Rs 16 per share

Today the share price of Schaeffler India, one of the largest automobile and industrial suppliers of India is trading up around 12%. The company has announced its latest quarterly (Q4 FY22) results. The Company’s Net Profit in Quarter 4 Financial Year 22 grew by 34.61% to 190.64 Crore on a year-on-year basis. The company’s net … Read more

Coffee Day Enterprises stock up 10%, Net profit at Rs 18.8 cr and revenue from operation at Rs 183.49 cr: Q3 FY22 Results

Coffee Day Enterprises stock up 10%, Net profit at Rs 18.8 cr and revenue from operation at Rs 183.49 cr: Q3 FY22 Results

Today, the share price of Coffee Day Enterprises, the company that runs the famous coffee chain Cafe Coffee Day (CCD), got locked in a 10% upper circuit. The company announced its Q3 FY22 (Quarter 3 Financial Year 22) Results yesterday. Which was taken positively by the market and the investors. Coffee Day recorded a consolidated … Read more

Tata Power stock up 3%, Morgan Stanley raises stock target price to Rs 228 per share

Tata Power stock up 3%

Today the share price of Indian energy company Tata Power Company Limited went up almost 3%. Global research house Morgan Stanley maintained an equal-weight rating on Tata Power and raised its share price target to Rs 228 per share, CNBC-TV18 reported. Morgan Stanley said that this valuation has been given considering the potential of the … Read more

LIC files DRHP to SEBI for mega IPO, govt to sell 5% stake, up to 31.62 crore shares on offer | LIC IPO

LIC files DRHP to SEBI for mega IPO, govt to sell 5% stake, up to 31.62 crore shares on offer: LIC IPO

India’s largest insurance company LIC has filed DRHP (Draft Red Herring Prospectus) with SEBI for its IPO. This IPO is going to be the biggest IPO in the history of the Indian stock market and probably LIC will also be listed in the market by March. According to the DRHP (Draft Red Herring Prospectus) filed … Read more

India bans drone imports to boost domestic manufacturing, Zen Technologies stock 5% up

India bans drone imports to boost domestic manufacturing, Zen Technologies stock 5% up

On 9 February, the Indian government made a big announcement to ban the import of foreign drones. The Ministry of Civil Aviation said that this step has been taken to promote drones made in India and hence the ban on the import of foreign drones will be effective from February 9, 2022. Although exceptions have … Read more

Nifty and Sensex down 1.7% on high US inflation, Fed’s James Bullard supports Rate hikes

Nifty and Sensex down 1.7% on high US inflation, Fed's James Bullard supports Rate hikes

Today a sharp fall was seen in the Indian market, both Nifty 50 and Sensex were down almost 1.7%. The inflation level in the US is at its 40-year high, due to which the expectation of a rate hike by the US fed is increasing, Reuters reported. St. Louis Federal Reserve President James Bullard said … Read more

DB Realty to issue 50 million convertible warrants to non-promoter investors, share rises 5%

DB Realty to issue 50 million convertible warrants to non-promoter investors, share rises 5%

The share price of Maharashtra-based real estate company DB Realty hit 5% upper circuit. February 9 2022 DB Realty informed the stock exchanges that they will issue 50 million convertible warrants to non-promoter investors. These warrants will be issued to investors like Rakesh Jhunjhunwala’s own firm RARE Enterprises, Aditya Chandak, KIFS Dealers, Rekha Jhunjhunwala and … Read more

Sensex and Nifty almost 2% down amid rising oil price, FII sell-off, and US job data

Sensex and Nifty almost 2% down amid rising oil price, FII sell-off, and US job data

Today both Sensex and Nifty were almost 2% down because according to the recently released data, 4.67 lakh new jobs were added in the month of January in the US which is more than the market expectation. Apart from this rising inflation and crude oil prices are also going concerns. Recently crude oil prices had … Read more

Indigo Q3 results: Indigo share price rises 9%, posts profit of Rs 129.79 cr in Q3 FY22

Indigo share price rises 9%

Today the share price of India’s leading airline company Interglobe Aviation (Indigo) was trading almost 9.45% higher at Rs 2161. The company recorded a profit of Rs 129.79 crore in quarter 3 while the company was posting losses continuously for the last 7 quarters. In the same quarter last year, indigo recorded a loss of … Read more

Vedant Fashions IPO GMP, Issue Date, Financials, Price, Lot Size & Details

Vedant Fashions IPO

Vedant Fashions IPO: Vedant Fashion is the largest company in the men’s Indian Wedding & Celebration wear segment in India. Their flagship brand Manyavar is the market leader in its category in India which was launched in 1999. The company has 2 more brands in men’s Indian wedding wear which are Twamev and Manthan. The … Read more

Godrej Properties Shares fall 10%, board to acquire 10% stake in DB Realty for Rs 400 cr

Godrej Properties Shares fall 10%

The share price of Mumbai-based real estate company Godrej Properties was down 10% today in the early trade after the stock made a slight recovery and the company’s stock was trading down 6.5% till the market closing. Godrej Properties’ pre-sales declined by 7% on a year-on-year basis and by 39% on a quarter-on-quarter basis in … Read more

Budget 2022: 30% tax on digital currency, RBI to launch Digital Rupee based on blockchain technology

Budget 2022: 30% tax on digital currency

Finance Minister Nirmala Sitharaman announced Budget 2022, one of the biggest announcements of this budget is the introduction of the Digital Rupee. The Finance Minister has said that this year CBDC (Central Bank Digital Currency) will be introduced which will be managed by RBI and RBI will use Blockchain technology for this. Along with this, … Read more

Bharat Dynamics share price rises 10%, BDL signs Rs 3,132-cr contract with Indian Army

Bharat Dynamics share price rises 10%

The share price of Bharat Dynamics Limited, India’s one of the leading missile system manufacturing company, went up 10% today in early trade. The share price of the company is up 6.20% even at noon (IST), this is because the company has signed a contract with the Indian Army worth Rs 3131.82 crore. Under this … Read more

6 Large cap stocks in which DIIs raise stake in Q3 of FY22

6 Large cap stocks in which DIIs raise stake in Q3 of FY22

6 Large-cap stocks in which DIIs raise stake in Q3 of FY22. This company is fundamentally strong and the market cap is more than 2000 crores. 1. IPCA Laboratories Limited IPCA Laboratories Limited: This company is involved in the manufacturing and marketing of pharmaceuticals. The holding of DIIs in this company was 25.24% in the … Read more