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

LIC raises stake in Dr Reddy’s Laboratories to over 7.6% by buying another 33.86 lakh equity shares

share price on the screen

Today the share price of Dr Reddy’s Laboratories Ltd rose by 1.92% to Rs 4419 as LIC increased its stake in the company. LIC (Life Insurance Corporation of India) has purchased 3,386,486 shares in Dr Reddy’s Laboratories Limited through open market purchase at an average price of Rs 4289.29, the company said on Monday, October … Read more

Federal Bank Q2 FY23: Gross Advances grew 19.4% YoY to Rs 163956 cr, CASA deposits rise to Rs 68873 cr

share price on the screen

The share price of Federal Bank rose by 5.62% to Rs 119.35 today as the bank announced its FY23 Quarter 2 Result. Federal Bank Gross Advances grew by 19.4% year-on-year to Rs.163956 crore in Quarter 2 (i.e. July 2022- September 2022) of FY23 as compared to Rs.137313 crore in the same period last year. Gross … Read more

PM Narendra Modi to launch 5G services in India on October 1 at India Mobile Congress 2022 event, 5G service in 13 cities in 1st phase

5G is written in a blue circle on the Indian flag in the background of the phone

In Budget 2022, Indian Finance Minister Nirmala Sitharaman had said that 5G in 2022 and BharatNet broadband will be ready by 2025. Apart from this, Indian Prime Minister Narendra Modi, while addressing the nation on the 75th Independence Day, had said that 5G services are going to start in India soon. Prime Minister Narendra Modi … Read more

NDTV’s Radhika and Prannoy Roy filed civil appeal in Supreme Court against SAT order

NDTV is written in a yellow circle on a green color in the background of the phone

On Tuesday, September 20 NDTV (New Delhi Television Limited) said in a regulatory filing that founders Radhika Roy and Prannoy Roy and their investment company RRPR Holding Pvt Ltd have moved the Supreme Court against the July 2022 order of the Securities Appellate Tribunal (SAT). The Securities Appellate Tribunal (SAT), in its order dated July … Read more

OYO files addendum to DRHP for its IPO with SEBI along with latest financial results

The logo of OYO, India's largest hotel chain, is seen installed on a hotel building in Jaipur

On Monday 19 September, OYO filed an addendum to the Draft Red Herring Prospectus (DRHP) filed earlier for its initial public offering (IPO) in October 2021 with the Securities and Exchange Board of India (SEBI). OYO (formally Oravel Stays Limited) disclosed its latest financials in the IPO filing addendum in which OYO’s revenue stood at … 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

India cross 10 crore Demat accounts in August 2022, 60% new Demat accounts opened in 29 months

Statistics of Demat Accounts in 2022

Indian stock market touched a significant milestone of 10 crore Demat accounts in August 2022. A total of 22 lakh new Demat accounts were opened in the month of August. Now the total Demat account in India is 10,05,10,862 crores which is a new record for the Indian stock market. According to the National Securities … Read more

US inflation hits 40 year high at 8.6%, Indian Rupee hits all time low of 78.22 against USD

Stock Price: US inflation hits 40 year high at 8.6%, Indian Rupee hits all time low of 78.22 against USD

Today the Indian Stock Market Index Nifty fell by 2.89% to 15732.10 and Sensex fell by 2.96% to 33311.55. In intraday trading, the Indian rupee closed at an all-time low of 78.22 due to the rise in the price of crude oil and the rise in the dollar. Globally, central banks are continuously increasing their … Read more

Nifty and Sensex up 2% as FIIs and DIIs turn net buyers

Nifty and Sensex up as FIIs and DIIs turn net buyers

Today Nifty rose by 2.1% to 16661.40 and Sensex rose by 1.98% to close at 55925.74. Rising inflation is a major concern around the world in 2022, due to which central banks such as the Federal Reserve, Bank of England, and RBI (Reserve Bank of India) have increased their benchmark interest rates. The bank’s interest … 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

2 Small-Cap Stocks for 2022 with Fundamental analysis

2 Small-Cap Stocks

In this article, you will know about 2 Small-Cap Stocks whose fundamentals are good, as well as these stocks, are also available at good valuations. Heranba Industries limited The first stock is Heranba Industries Limited. The company has 3 manufacturing facilities with 650+ employees and its product portfolio includes 16 technologies, 80 formulations, and 2 … Read more

Explained: RBL Bank Share Price crash and its impact

RBL Bank Stock Price

The share price of RBL Bank has fallen more than 18% and has come close to Rs.107, RBI has appointed an additional director on RBL Bank. And whenever RBI appoints an additional director on a bank, the volatility in the stock increases. A similar sequence has been faced by the shareholders of RBL Bank this … Read more

Kalpataru Power bags orders worth Rs 1,560 cr from India, Africa and CIS, Shares up 6%

share price of Kalpataru Power Transmission Limited

The share price of Kalpataru Power Transmission Limited, one of India’s largest global power transmission and infrastructure players, was trading above 6% this morning. This is because the company has received new orders worth 1560 crores. Involved in the business of power transmission, this company has received orders from India, Africa, the Commonwealth of Independent … Read more

Today EUR to INR forecast | EURO TO RUPEE analysis | EUR/INR

EUR to INR (EUR/INR) on the four-hour chart, the euro to Rupee is still losing ground, trading below the50,100, and 200 simple moving averages. However, the Relative Strength Index (RSI) is once again approaching the 30 level, indicating that the market is approaching oversold territory. Some support can be found at the daily low of … Read more