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

Jubilant FoodWorks shares fall 12% on CEO Pratik Pota’s resignation

Share price: Jubilant FoodWorks shares fall 12% on CEO Pratik Pota's resignation

The share price of Jubilant FoodWorks, which operates brands like Domino’s Pizza, Dunkin’, and Hong’s Kitchen in India, was trading lower by 12.24% at Rs.2479.80. The company’s CEO (Chief executive officer) and Director Pratik Pota decided to resign from his position. The company said Pratik Pota will continue his position till Wednesday, June 15, 2022. … Read more

Aviation stocks surge as India reopens international flights

Illustration of an Airplane: India reopens international flights

There was a rise in the share price of Indian Aviation Stocks. In early trade Interglobe Aviation stock was up by 7.29% to Rs 1709.98, Jet Airways (India) stock was up by 4.49% to Rs 92.78, and Spicejet stock was up by 4.29% to Rs 57.88. The Indian government said that from March 27, 2022, … 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

Airtel added 15.9 lakh mobile users, Vi 15.3 lakh and Jio 36.6 lakh lose subscribers: TRAI Data

Telecom subscribers: Airtel added 15.9 lakh mobile users, Vi 15.3 lakh and Jio 36.6 lakh lose subscribers

Recently the Telecom Regulatory Authority of India (TRAI) released the latest subscriber numbers of the telecom companies. According to TRAI’s recent data release, in the month of February 2022, Reliance Jio lost approximately 36.6 lakh wireless subscribers and in the same period, Bharti Airtel gained 15.9 lakh subscribers and Vodafone Idea lost 15.3 lakh subscribers. … 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

Abu Dhabi-based IHC to Invest $2 Billion in 3 Adani Group Companies: Adani stocks price surge

Stocks price: Abu Dhabi-based IHC to Invest $2 Billion in 3 Adani Group Companies

In Early Trade today, Adani Green Energy’s share price increased by 7.21% to Rs 2491.98, Adani Transmission’s share price increased by 4.31% to Rs 2656.88, Adani Enterprises share price was up by 0.17% to Rs 2173.22. According to reports, the Abu Dhabi-based International Holding Company (IHC) will invest about $2 billion in these three companies … Read more

NPCI approved WhatsApp payment service to expand to 100 million users

Whatsapp Application Screenshot: NPCI approved WhatsApp payment service to expand to 100 million users

Meta-owned instant messaging app WhatsApp initially had a limit of 20 million users for its payments feature but now WhatsApp has received approval from the National Payments Corporation of India (NPCI) to expand the payments feature to 100 million users. WhatsApp was allowed to launch payment services in November 2020 with a limit of 20 … Read more

HDFC Bank Q4 FY22: HDFC Bank advances grew by 20.9% on YOY and 8.6% on QOQ in Q4 FY22

Share price: HDFC Bank Q4 FY22

HDFC Bank shares were trading up 2.55% at Rs 1,508 today. HDFC Bank recorded good numbers in quarter 4 financial year 22 (Q4 FY22). HDFC Bank’s advances grew by 20.9% on a year-on-year (YOY) basis and 8.6% on a quarter-on-quarter (QOQ) basis in the fourth quarter of FY22 (Q4 FY22). HDFC Bank’s retail deposits rose … 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

Ruchi Soya FPO Withdrawal period sees FPI pull out 97% bids and retail 2.6% bids

Stock Price: Ruchi Soya FPO Withdrawal period sees FPI pull out 97% bids and retail 2.6% bids

Ruchi Soya‘s FPO (follow-on public offering) was closed on Monday 28 March 2022. Through this FPO, the company will raise Rs 4300 crore and the issue price of this FPO has been set at Rs 650 per share. However, many users received unsolicited SMSs promoting Ruchi Soya’s FPO (follow-on public offering). Due to this SEBI … 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

TCPL merged with Tata Coffee Ltd and acquired stake in UK based subsidiary: Tata Coffee, Tata Consumer shares surge

Tata Coffee, Tata Consumer shares surge: TCPL merged with Tata Coffee Ltd and acquired stake in UK based subsidiary

Today Tata Consumer Products Ltd (TCPL) Share Price was trading up almost 7% at Rs 776.09. TCPL announced plans to merge with Tata Coffee Limited and acquire a stake in its UK-based subsidiary. The share price of Tata Coffee also rose by around 13% to Rs 216.90. The company said that the plantation business of … Read more

PVR INOX Merger Combined entity to run over 1500 screens across India, PVR and INOX Leisure shares hit 52-week high

Trading: PVR INOX Merger Combined entity to run over 1500 screens across India, PVR and INOX Leisure shares hit 52-week high

Today the stock price of multiplex players PVR and Inox touched its 52 weeks high. The stock of PVR was trading up by 5.02% in early trade to Rs 2002.80 and Inox Leisure stock was trading up by 15.88% to Rs 559.15. Yesterday, both these companies announced that the board of the companies has approved … 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

Ruchi Soya to raise Rs 4,300 Cr via FPO, Price band set at Rs 615-650, FPO to open on March 24

Stock Price: Ruchi Soya to raise Rs 4,300 Cr via FPO, Price band set at Rs 615-650, FPO to open on March 24

The follow-on public offer (FPO) of Patanjali Group’s own Ruchi Soya industries will open on 24 March 2022 and close on 28 March. The company wants to repay its debt by raising Rs 4300 crore through this FPO. The price band of this FPO has been set from Rs 615 to Rs 650. The upper … 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

RIL-ACRE wins bid to acquire Sintex Industries, proposes to delist from BSE, NSE exchanges

Sintex Industries stock proposed to be delisted from BSE, NSE exchanges

The share price of Gujarat base textile business company Sintex Industries is in the lower circuit today. This company was established in 1930 but due to rising competition and covid-19, the company’s sales started getting hit. There were claims of Rs 7500 crore against the company due to which Sintex Industries filed bankruptcy last year. … Read more

PB Fintech stock surge 13% after getting buy rating, SoftBank’s Munish Varma steps down from Policybazaar boards

Stock Market

Today the share price of PB Fintech Limited, the parent company of the brand like Policybazaar and Paisabazaar, increased by 13% ​​to Rs.789. A few days ago, research and brokerage firm Ambit had given a buy rating on the shares of PB Fintech, saying that the insurance penetration in India is very low and PB … 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

HDFC Bank shares surge: RBI lifts all curbs on HDFC Bank, including digital 2.0 program

Shares Price

The share price of India’s largest private lender HDFC Bank is trading above 2.65% today. In December 2020, RBI imposed curbs on all the business-generated activities plans under the Digital 2.0 program of HDFC Bank. Apart from this, RBI had also banned HDFC Bank from issuing new credit cards. Although RBI had removed the ban … Read more