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

HCL Tech Q3 FY23 earnings: Gross profit grew by 16.9% YoY to Rs 9980 crore; interim dividend of Rs 10 per equity share

share price on the screen

Today HCL Tech announced its Q3 FY23 results after the market closed on Thursday. HCL Tech reported a 19.3% YoY growth in total income at Rs 26,960 crore in Q3 FY23 as against Rs 22,586 crore in the same quarter last year. HCL Tech reported a 18.9% YoY increase in total expenses to Rs 21,588 … Read more

Eicher Motors to buy 10.35% stake in Stark Future SL by investing €50 million: Electric Mobility

Indian rupee notes

On Thursday 29 December, Eicher Motors Ltd announced a strategic investment and collaboration with Spain-based Stark Future SL to advance the electric motorcycle space. Two-wheelers account for 20% of India’s total carbon dioxide emissions, due to which many companies are investing heavily in electric vehicles. Royal Enfield’s parent company Eicher Motors will buy a 10.35% … Read more

Fare cap on domestic airlines to be removed from August 31: Civil Aviation

Airplane at Jaipur airport

India’s civil aviation ministry has announced that from August 31 2022 all fare caps on domestic airlines will be removed. The Indian government on 21 May 2020 had set minimum and maximum price bands for airfares based on flight duration during the coronavirus pandemic to control fares. Aviation Minister Jyotiraditya Scindia said that due to … Read more

India’s RuPay cards and UPI to be accepted in France, NPCI and Lyra Network Signed MoU

Debit Card: India's RuPay cards and UPI to be accepted in France

On Thursday 16 June 2022, the National Payment Corporation of India (NPCI) announced that NPCI International has signed a Memorandum of Understanding (MoU) with France-based payment solutions provider Lyra Network to accept RuPay cards and UPI payments in France. RuPay cards and UPI (Unified Payments Interface) services will be available in France soon. France and … 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

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

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

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

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

Airtel acquires Vodafone’s 4.7% stake in Indus Towers, prepays spectrum dues of Rs 8,815 cr: Bharti Airtel share surge

Stock price:Airtel acquires Vodafone's 4.7% stake in Indus Towers, prepays spectrum dues of Rs 8,815 cr

The Stock Price of Indian Telecom Joint Bharti Airtel was trading up almost 3.55% in early trade today. The share price of the company has increased by more than 7% in the last one week. Recently Airtel has prepayment of spectrum dues of Rs 8815 crore to reduce its interest expenses. In the last 4 … 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