What is Sharpe Ratio, Portfolio Turnover Ratio, Beta (ß), Tracking Error, Standard Deviation, Total Expense Ratio in Investments

share price on the screen

What is Sharpe Ratio Sharpe ratio is a risk-to-reward ratio, it measures the excess portfolio return generated by investing in risk-free assets per unit of total risk. Whereas, as a positive Sharpe ratio indicates, the portfolio compensates investors with excess returns (above the risk-free rate) for the proportional risk taken; A Negative Sharpe ratio indicates, … Read more

Global footprint: Asian Paints has the largest distribution and retail network in the Indian paint industry

Asian Paints logo

Mumbai, October 5 (Meel Bijendra) – Asian Paints operates in emerging economies through its seven corporate brands, viz Asian Paints, Apco Coatings, Asian Paints Berger, Asian Paints Causeway, SCIB Paints, Taubmans, and Kadisco Asian Paints. From manufacturing locations to retail outlets, Asian Paints has the largest distribution and retail network in the Indian paint industry. … Read more

ICICI Bank’s retail credit card spend rises 60% in FY2023 compared to last year

ICICI Bank logo

New Delhi, October 5 (Meel Bijendra) – More than 28 million users on iMobile Pay: iMobile Pay, ICICI Bank’s mobile banking application, has more than 28 million users. The total value of transactions done through this app stood at close to INR 9,000 billion in fiscal 2023. Over 1.5 million users on InstaBIZ: ICICI Bank … Read more

Indian restaurant aggregator Zomato spun off Chile-based wholly-owned subsidiary Zomato Chile SPA with effect from September 29

Zomato logo

Gurugram, October 1 (Meel Bijendra) – Indian multinational restaurant aggregator and food delivery company Zomato has spun off its wholly owned subsidiary Zomato Chile SPA (ZM Chile) based in Chile with effect from September 29, 2023. Zomato was founded in 2008 by Deepinder Goyal and Pankaj Chaddah and became a public company in July 2021, … Read more

IndiGo ranks 7th largest in the world in terms of daily departures in FY23 with 1800+ flights covering 104 destinations with its fleet of 304 aircraft

An IndiGo Airlines Airbus A320 aircraft takes off in Chhatrapati Shivaji Maharaj International Airport Mumbai

Mumbai, September 14 (MeelBijendra) – IndiGo’s journey began almost 17 years ago with an aircraft and a flight to Imphal via Guwahati. At the end of FY2023, IndiGo operated over 1800 daily flights covering 104 destinations with its fleet of 304 aircraft. IndiGo’s achievement of this objective has given the company a place of reckoning … Read more

Axis Bank says wealth management business ‘Burgundy’ remains largest in India with combined assets of INR 3.6 trillion

A customer enters a branch of Axis Bank in Mumbai

New Delhi, September 12 (Meel Bijendra) – The retail franchise of Axis Bank, India’s third largest private sector lender, delivered strong growth driven by improving deposit quality and higher market share in key businesses. Axis Bank achieved several all-time annual highs by adding 10.8 million new liability relationships in FY23 and achieved record loan disbursements … Read more

India’s total urban population was the second largest in the world at 508 million in 2022; Only 36% population classified as urban: Economist

Indian 500 rupee notes lie on the cashier counter of a branch of HDFC Bank in Mumbai

Urbanization is one of the most important pillars of India’s development story. India’s total urban population at 508 million in 2022 was the second largest urban population in the world, second only to China. However, only 36% of India’s population is classified as urban, while the global average is around 57%. It is the pace … Read more

India successfully attempted to land LVM3-M4/Chandrayaan-3 on the Moon’s South Pole on 23 August 2023 at 6:03 pm IST

India's LVM3-M4 lifts off carrying the Chandrayaan-3 lander from the Satish Dhawan Space Centre at Sriharikota, India, July 14, 2023

BENGALURU, Aug 23 (MeelBijendra) – On Wednesday, 23 August 2023, at 6:03 pm IST, India successfully attempted LVM3-M4/Chandrayaan-3 to land on the Moon and is considered significant for its exploration of the Moon and establishing the country as a space power. The Indian Space Research Organization (ISRO) launched the spacecraft Chandrayaan-3 on 14 July 2023 … Read more

Crude steel production in India grew at CAGR of 4.2% over the last 5 years to reach 124.7 MTPA in 2020

A truck is carrying coal from a coal mine in the Indian state of Jharkhand

MUMBAI, Aug 20 (MeelBijendra) – India is one of the leading producers of steel in the world with crude steel production reaching 124.7 million tonnes per annum in 2020 with an increase of 5.5% over the previous year. India, the largest producer of sponge iron in the world and the second largest producer of crude … Read more

Deloitte resigns as auditor of Adani Ports on Aug 12; Adani Ports says grounds advanced for resignation as statutory auditor not convincing or sufficient for such move

Indian billionaire Gautam Adani addresses delegates during the Business Summit in Kolkata

MUMBAI, Aug 12 (MeelBijendra) – Deloitte on Saturday resigned as auditor of Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest private port operator and logistics major, amid concerns of an allegation by US-based short-seller Hindenburg Research. On 24 January 2023, US-based short-seller Hindenburg Research disclosed the findings of its 2-year investigation, alleging that … Read more

Cipla’s manufacturing facility at Pithampur, Indore receives “Official Action Indicated” classification from U.S. FDA for not meeting regulatory requirements; OAI status may delay/hold product pending approval

Pharmaceutical tablets and capsules are arranged on table in photo illustration

BENGALURU, Aug 5 (MeelBijendra) – Late on Saturday night, Indian drugmaker Cipla received an ‘Official Action Indicated’ (OAI) classification from the United States Food and Drug Administration’s (USFDA) inspection carried out in February 2023 at Cipla’s manufacturing facility in Pithampur, Indore. The United States Food and Drug Administration (USFDA), an agency of the United States … Read more

Chalet Hotels and Marriott launches second 168-room hotel, managed & operated by an all-women team at ‘The Westin Hyderabad Hitech City’

Hotel reception

On Monday 5th June, Chalet Hotels announced the launch of its second hotel in Hyderabad i.e. The Westin Hyderabad Hitech City. Chalet Hotels Limited launched The Westin Hyderabad Hitech City hotel in partnership with Marriott International. Read Also: NSE changes the expiry day of Nifty Bank F&O contracts from Thursday to Friday from July 14 … Read more

RBI to withdraw ₹2000 banknotes from circulation; Notes to be exchanged in banks from May 23

INR 2000 notes

On 19 May 2023, the Reserve Bank of India (RBI) announced that the ₹2000 banknote has now been withdrawn from circulation. The ₹2000 banknote was introduced after the Narendra Modi-led government demonetised the ₹500 and ₹1000 denomination banknotes on 8 November 2016. The ₹2000 banknote was introduced under Section 24(1) of the Reserve Bank of … Read more

Cipla signs binding term sheet to sell its entire stake in Saba Investments; Deal worth US$6.50 million

Indian rupee notes

Indian multinational pharmaceutical company Cipla Limited announced the sale of its entire stake in Saba Investments Limited on 15 May 2023. Saba Investments Limited is a UAE-based Joint Venture between Cipla Limited and Shibam Group Holding Limited. Read Also: Tech Mahindra Ltd approves proposal to increase stake in Tech Mahindra Arabia Ltd to 80% by … Read more

Tech Mahindra Ltd approves proposal to increase stake in Tech Mahindra Arabia Ltd to 80% by acquiring additional 29% shares; Acquisition cost $11.1 million

Tech Mahindra headquarter in Mumbai city, India

Late night on Thursday 4 May, Tech Mahindra Limited (TechM) announced that it has approved a proposal to increase the stake to 80% by acquiring an additional 29% equity shares in Tech Mahindra Arabia Limited (TechM Arabia). Tech Mahindra is an Indian multinational information technology services and consulting company that enables digital transformation, consulting and … Read more

Adani Ports Approves Tender Offer to Purchase Up to $130 Million in Cash in the Aggregate Principal Amount of the Outstanding 3.375% Senior Notes

Indian billionaire Gautam Adani addresses delegates during the Business Summit in Kolkata

Adani Ports and Special Economic Zone Limited (APSEZ): On Monday, April 24, Adani Ports said the company has launched a cash tender offer for up to US$130 million in the aggregate principal amount of 3.375% senior notes outstanding due 2024. About 39% of Adani Group’s total debt is in foreign currency bonds. Adani Ports is … Read more

Reliance Industries Q4 FY23 results: Revenue grew by 2.8% YoY to ₹ 239082 cr; Net profit increased by 18.3% to ₹ 21327 cr

Reliance Smart Mall in Mumbai, India

Reliance Industries on Friday released its January-March quarter i.e. Q4 FY23 results. Reliance Industries’ Q4 revenue and net profit beat market estimates. The consolidated revenue of Reliance Industries grew by 2.8% YoY to ₹ 2,39,082 crore in Q4 FY23, while the company’s net profit grew by 18.3% to ₹ 21,327 crore. Reliance Jio’s ARPU (average … Read more

Reliance to demerge fin services arm and list Jio Financial Services on exchanges, RIL shareholders to get 1:1 shares

share price on the screen

On Friday 21 October, Reliance Industries Limited (RIL) announced that it would soon demerge its financial services business to form a new company Jio financial services limited (JFSL). Reliance Strategic Investments Limited (RSIL) is a wholly-owned subsidiary of Reliance Industries Limited (RIL) which currently carries out its business of providing loans to merchants and consumers. … Read more

Vedanta and Foxconn to set up semiconductor and display fab units in Gujarat with investment of Rs 1.54 trillion, MoU signed

Semiconductor chips are seen on a circuit board of a computer in this picture

On Tuesday 13 September, the joint venture between Vedanta and Taiwan base Foxconn Group announced that it will open a new semiconductor and chip manufacturing plant in Gujarat. Vedanta is the third company to announce a chip plant in India. Earlier Singapore-based IGSS Ventures signed an MoU (Memorandum of understanding) with the Tamil Nadu state … Read more

Adani Group acquires 29.18% stake in NDTV and Open offer for additional acquisition of 26%

Indian billionaire Gautam Adani addresses delegates during the Business Summit in Kolkata

Indian billionaire Adani Group has acquired a 29.18% stake in media company NDTV (New Delhi Television Limited), but Adani owns this stake indirectly in NDTV. NDTV is one of India’s leading news channels which operates many national channels like NDTV India, NDTV 24×7 and the company also runs an online news website. In 2009 NDTV … Read more

Mahindra & Mahindra Ltd Launches the All-New Scorpio-N

Mahindra & Mahindra Limited's all-new Scorpio-N parked on the road

On 20 May 2022 Mahindra & Mahindra Limited announced that they will launch the all-new ‘Scorpio-N’ brand new of the much-awaited SUV segment. The all-new ‘Scorpio-N’ comes with automatic and manual transmission and is powered by diesel and petrol engines with prices starting at Rs 11.99 lakhs. The company said that their new SUV Scorpio-N … Read more

6 Candlestick Patterns and Technical Analysis of Trading Market

6 Candlestick Patterns and Technical Analysis of Trading Market

By understanding the candlestick pattern, you can find out whether the share price will go up or down, you can become an expert in trading by learning it. So you will learn about 6 candlestick patterns in this article Bullish Harami Candlestick Pattern Bullish Harami Candlestick Pattern This is a very common candlestick pattern and … Read more