Power cuts due to coal shortage in India, Coal produces 77 percent of electricity in nation

Lightbulbs on Gray Background: Power cuts due to coal shortage in India

In April 2022, there is a power cut in about 12 states of India. Most of the electricity in India is based on coal. At present, there is a coal crisis, due to which Andhra Pradesh, Maharashtra, and 10 states of India are facing power cuts. India imports 15 percent of the country’s coal while … Read more

LIC IPO to open May 4, govt to sell 3.5% stake, up to 22 crore shares on offer, Price Band Rs 902-949

LIC IPO

In Budget 2021, Finance Minister Nirmala Sitharaman said that LIC’s IPO will come in the financial year 2021-22. The issue date of India’s biggest IPO (Initial public offering) LIC has been released. LIC’s IPO will be open on Wednesday 4th May 2022 and will close on Monday 9th May 2022. Earlier, India’s biggest IPO was … Read more

Indonesia bans palm oil exports, food prices and cooking oil prices rise

Cooking Oil Bottle: Indonesia bans palm oil exports, food prices and cooking oil prices rise

On Friday 22 April 2022, Indonesia announced a ban on palm oil exports until further notice. Indonesia accounts for about one-third of all vegetable oil exports and Indonesia is the world’s second-largest palm oil exporter and on the other hand, India is the world’s largest palm oil importer. India is the world’s largest importer of … Read more

Netflix lost 2 Lakh Subscribers in 3 months, 100 mn families worldwide shared password: Netflix

Netflix: Netflix lost 2 Lakh Subscribers in 3 months

Netflix‘s share price fell 34.95% to $229.11 on Wednesday since the company’s earnings report was released after the market close on Tuesday, and it wiped more than $50 billion from the firm’s market value. Netflix lost 2 lakh subscribers in the recent quarter 1 financial year 22, which is less than their forecast of adding … Read more

IT Sector Stocks: Nifty IT slips 10% amid lower than expected Q4 results and margins slump

Stock Price: Nifty IT

In the last one month, Nifty IT fell by 10.03% to 32225.79 points while in the same period Nifty 50 is down from just 1.25% to 17135.44 points. Recently IT companies are releasing their quarter 4 results for the financial year 22. Quarter 4 FY22 results below expectations India’s two largest IT companies TCS and … Read more

Sensex and Nifty down 2% amid rising oil prices, Russia-Ukraine crisis, spike in Covid cases

Stocks Price: Sensex and Nifty down

Today the Indian stock market was in a downtrend, the Nifty 50 index fell from 2.07% to 17102.58 points and the Sensex fell from 2.25% to 56958.91 points till the market closed. Till today’s market closing Nifty IT was down by 4.57% to 32688.24 points, Nifty Bank was down from 2.39% to 36531.25 points and … Read more

Elon Musk holds 9.2% stake in Twitter and Elon Musk offers to buy Twitter for $43 Billion

Elon Musk holds 9.2% stake in Twitter and Elon Musk offers to buy Twitter for $43 Billion

According to a Securities and Exchange Commission 13G filing issued on Monday, April 4, 2022, Elon Musk owns 73,486,938 shares with a 9.2% passive stake in the Twitter company. A regulatory 13G filing on Monday, April 4, 2022, revealed that Elon Musk had bought a 9.2% stake on March 14, making him the largest individual … Read more

Sri Lanka economic crisis explained: what and why Sri Lanka’s economy faced economic crisis

Sri Lanka economic crisis explained: what and why Sri Lanka's economy faced economic crisis

Sri Lanka is going through a major economic crisis like 10-hour long power cuts or food shortages, besides people facing a shortage of petrol and diesel. The economy of Sri Lanka is dependent on imported goods even for basic products. According to the report, people have been facing power cuts of 10 hours and in … Read more

Adani Group market cap crosses $ 200 billion after Tata and Reliance

Adani Group market cap crosses $ 200 billion after Tata and Reliance

Today Adani Wilmar‘s stock price is locked in a 5% upper circuit at Rs.633.95. The stock price of the company has increased almost 97% in the last one month. According to the data of BSE (Bombay Stock Exchange), the total market capitalization of the seven listed companies of Adani Group is $ 201 billion. The … Read more

HDFC Bank merger: Why did HDFC Ltd merge with HDFC Bank and what does deal mean for investors and customers

Stock price: HDFC Ltd merge with HDFC Bank

HDFC Bank and HDFC Ltd announced the merger on 4 April 2022. The board of housing finance firm HDFC Ltd has approved a proposal to merge its subsidiaries and associates with HDFC Bank. HDFC Bank also announced the quarter 4 FY22 numbers and after this merger announcement, the shares of both HDFC Bank and HDFC … Read more

Govt holds 35.8% stake in Vodafone Idea after convert dues liability into equity

Share price down: Govt holds 35.8% stake in Vodafone Idea after convert dues liability into equity

Vodafone Idea stock price was down almost 9% to Rs 14.10 in early trade today. The company’s board has approved the conversion of the entire amount of interest to be paid into equity on its spectrum auction installment and AGR dues. This conversion will dilute the stake of the promoter and existing shareholders of the … Read more

Airtel added 7.14 lakh mobile users, Vi 3.89 lakh and Jio 9.32 mn lose subscribers: TRAI Data

Airtel added 7.14 lakh mobile users, Vi 3.89 lakh and Jio 9.32 mn lose subscribers: TRAI Data

Recently Telecom Regulatory Authority of India (TRAI) released the latest subscriber numbers of telecom companies. According to TRAI’s recent data release, In the month of January 2022, Reliance Jio lost almost 93.22 lakh subscribers and Vodafone Idea lost 3.89 lakh subscribers, while Bharti Airtel added 7.14 lakh subscribers. Bharti Airtel has almost added 177 lakh … Read more

Axis Bank acquires Citibank’s Indian retail consumer business for $1.6 billion

Stock price rises: Axis Bank acquires Citibank's Indian retail consumer business for $1.6 billion

The share price of Axis Bank has increased almost by 6.19% to Rs 761.39 in the last one week. Citigroup Inc. on Wednesday, March 30, 2022, said it has entered into an agreement to sell its Indian consumer banking business to Axis Bank Ltd. Axis Bank is about to acquire Citibank’s Indian retail consumer business … Read more

Explained: The fall in crude oil prices, and its impact in India

Oil Barrel Illustration

On Monday 7 March, the price of crude oil had come down from $ 139.13 per barrel to a low of $ 97 per barrel on 17 March. A week before this, the price of crude oil was almost at a 14-year high due to the ongoing war between Russia and Ukraine. From 24 February … Read more

Dhampur Sugar Mills Limited declared dividend of Rs 6: DHAMPURSUG dividend

Stock Price: Dhampur Sugar Mills Limited declared dividend of Rs 6

Recently Dhampur Sugar Mills Limited has declared dividend whose ex-dividend date is near. The ex-dividend date is the date before which you buy shares of that company, then you will be eligible for a dividend of that company. The most critical metric to find out the dividend of any company is the dividend yield. Calculate … Read more

Zee Entertainment shares surge 17%: Invesco withdraws EGM requisition for ZEE’s board reconstitution

Stock Market: Zee Entertainment shares surge 17% after Invesco withdraws EGM requisition for ZEE’s board reconstitution

Today Zee Entertainment Enterprises share price was trading above 17% at Rs 299.90. In September 2021, Invesco had asked the board of Zee to hold an Extraordinary General Meeting (EGM) as the company was not running smoothly, according to Invesco. Invesco wanted to remove 3 directors from Zee’s board, including Punit Goenka, CEO of Zee. … Read more

GOI’s Cryptocurrency tax clarification: Losses in one crypto asset cannot be set off against another

GOI's Cryptocurrency tax clarification: Losses in one crypto asset cannot be set off against another

Recently, during the budget, Finance Minister Nirmala Sitharaman announced that Virtual Digital Asset (VDA) like Cryptocurrencies and NFTs will be taxed at 30%. Yesterday the Government of India (GOI) made some announcements giving further clarification on the tax on VDA. The first announcement is that the loss on one digital asset cannot be offset with … Read more

Suzuki Motor to invest ₹10,440 cr for local manufacturing of electric vehicles, batteries in Gujarat

Suzuki Motor to invest ₹10,440 cr for local manufacturing of electric vehicles, batteries in Gujarat

The share price of India’s leading car maker Maruti Suzuki India Limited was up by 3% at Rs 7938.69 on BSE during early trade today. Suzuki Motors has a majority stake in Maruti Suzuki. On March 20, Suzuki Motors said it would invest 150 billion yen (approximately Rs 10,440 crore) to increase the production capacity … Read more

How to apply for passport online, documents and fees | passport apply online

passport

A passport is such a document that you should get it done as soon as possible. Passports can be used for ID proof, address proof, and birth proof. A passport is mandatory for traveling outside India. The process of getting a passport has become much easier than before, you can apply for a passport from … Read more

Russia India oil deal explained: India open to buying crude oil from Russia on discount

Oil Barrel Illustration

For the past few months, there has been a conflict between Russia and Ukraine, which has affected the global stock market and trade. Ever since Russia started its invasion of Ukraine, Western countries such as the European Union, the UK, and the US have imposed many economic sanctions on Russia. Russian financial institutions have been … Read more

US Fed hikes interest rate by 0.25% after more than 3 years and signals more hikes ahead

Stock Market: US Fed hikes interest rate by 0.25% after more than 3 years and signals more hikes ahead

The Federal Reserve raised interest rates on Wednesday for the first time since 2018. To control the 40-year high inflation level in the US, the US Fed announced an interest rate hike in its meeting on March 16. The US Fed decided to increase the interest rate by 25 basis points (0.25%) and Fed Chairman … Read more

FIIs sell-off 18615 cr and DIIs invest 12600 cr in Indian market amid Fed likely to hike rates

Share Price

Foreign Institution investors (FIIs) have consistently reduced their holdings in the Indian equity market in the last 6 months. This selling started in October 2021 when the markets were at their peak. The expectation of a hike in interest rate by the Fed due to inflation in the US, and rising valuations in the Indian … Read more