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
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
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
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
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
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
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
Today the share price of Paytm’s parent company one97 communication Limited touched an all-time low on NSE at Rs 664 per share. The stock price of the company went down by 13%. On March 11, RBI has banned Paytm Payments Bank from adding new customers due to some technical gap. Apart from this, RBI has … Read more
RBI launched a new UPI service 123 Pay. So RBI has launched to help 400 million feature phone users. Till now UPI payment was done through online payment applications and USSD based services on an offline feature phone. With the USSD base service, those users who do not have a smartphone or internet connection can … Read more
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
Apple Inc.: Apple’s shares was also in a downward trend last month. There are many reasons behind this decline in Apple’s shares. It is expected that the US Federal Bank will increase the interest rate to control inflation. Due to this, there will be a reduction in the disposable income of the consumers, due to … Read more
Yesterday the board of Vodafone Idea approved a fund raise of Rs 4500 crore by issuing shares to its promoter group on a preferential basis in a meeting. This issue will be done at a price of Rs 13.30 per share. Apart from this, the board of Vodafone Idea also approved the decision to conduct … Read more
The shares of HDFC Limited (Housing Development Finance Corporation) and HDFC Bank have fallen heavily in the last few days. In the last one month, the stock of HDFC Limited has fallen by 15.1% and the share price of HDFC Bank has fallen by 10.2%. Selling by Foreign Institutional Investors (FIIs). FIIs are outflowing capital … Read more
Facebook Stock (Meta Platforms Inc.): Facebook stock is down 28.69% in the last one week. The company almost saw a 26% decline on Thursday, reducing its market cap by about $230 billion. The biggest reason for this decline is the decrease in the number of daily active users of Facebook. According to the company, this … Read more
Netflix stock fell 25.87% last month. Netflix recently estimated that the company will add almost 2.5 million subscribers in the 1st quarter of 2022 (Q1 2022), but this number is almost 40% down from the same quarter last year (Q1 2021) when it was 4 million. Netflix’s customer acquisition growth still hasn’t reached pre-Covid levels. … Read more
Today a sharp fall has been seen in the Indian stock market. Nifty is down by 1.12% and Sensex is down 1.38%. Due to the Russia-Ukraine crisis, crude oil prices have also crossed the mark of $ 116 per barrel. This level is at 7 year high, due to this there will be inflation and … Read more
Today there is a decline in the stock prices of two-wheeler companies. Today, the sales numbers of two-wheeler companies for the month of February 2022 were announced, which is less than expected. The share price of Bajaj Auto is down 4.48% to Rs 3372.30, Eicher Motors’ share price down 3.15% to Rs 2508.10, Hero Motocorp … Read more
Today Indian market opened in red and both Sensex and Nifty were down more than 2% in early trade. Nifty had gone below the mark of 17000 points and the same Sensex had also come down from the mark of 57000 points to around 56650 points. Rising inflation and crude oil prices Crude oil prices … Read more
Today the share price of Apollo Hospitals Enterprise was trading up almost 7.55% at Rs 4,648.00. The National Stock Exchange (NSE) has announced that the stock of Apollo Hospitals Enterprise will be included in the Nifty 50 benchmark index from March 31, 2022. Apollo Hospitals Enterprise will become the first-ever health care services company to … Read more
Today both Nifty and Sensex are down 3.4% in pre-opening. Sectoral indices such as Nifty IT, Nifty Bank, Nifty Auto, and Nifty Metal are also down over 3.5%. Russia’s President Putin has declared a military action in Ukraine. According to reports, there have been explosions at some places in Ukraine. US indices such as Dow … Read more
Today the share price of online beauty and fashion e-commerce platform Nykaa which is listed under the name of FSN E-Commerce Ventures Limited has gone up by more than 4%. The company had disclosed about one of its pending litigation with L’Oreal at the time of its IPO. The company said that the litigation with … Read more
Today the share price of Interglobe Aviation, the parent company of leading Indian airline IndiGo in the early trade went down almost 4%. The company’s co-founder Rakesh Gangwal took the decision to resign from the company’s board. Where he was playing the role of a non-executive non-independent director. Rakesh Gangwal also said that he will … Read more
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 December 2021, Reliance Jio lost approximately 1.29 crore wireless subscribers. In the same period, Bharti Airtel gained 4.75 lakh subscribers and Vodafone Idea lost 16.14 lakh subscribers. Below you can … Read more
The share price of Indian Automobile giant Tata Motors had gone up almost 3% today. Tata Motors subsidiary Jaguar Land Rover (JLR) has signed a multi-year long-term strategic partnership with Nvidia, the world’s largest graphic and AI chips producer. Nvidia said that from 2025 all Jaguar Land Rover (JLR) vehicles will be built on the … Read more
Today the share price of Schaeffler India, one of the largest automobile and industrial suppliers of India is trading up around 12%. The company has announced its latest quarterly (Q4 FY22) results. The Company’s Net Profit in Quarter 4 Financial Year 22 grew by 34.61% to 190.64 Crore on a year-on-year basis. The company’s net … Read more