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

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

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

Learner License apply online – Documents & How to Apply

ID card: Learner License apply online

You can apply for a driving license after one month of getting a learner’s license. To get a driving license, first you have to get a learner’s license. You can drive on a Learner’s License, its validity is six months. Within 6 months you have to apply for a driving license. Earlier one had to … 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

How to change date of birth in Aadhaar card | Aadhaar card correction online

ID card: Aadhaar card

The process of online date of birth change in the Aadhaar card has changed. Now if you want to change the date of birth in your Aadhaar card online, then you have to follow the new process. In this article, you will know the latest process to change the date of birth in an Aadhaar … 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

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

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

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

RBI launches UPI123Pay: How UPI will work on feature phones

feature phone

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

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

HDFC credit card apply online – Step by Step | How to Pay HDFC Credit Card Bill

Credit Card

If you have an account with HDFC Bank, then you can easily apply for an HDFC credit card online. In which you also get Amazon vouchers up to Rs.1500. How to apply HDFC credit card online To apply for HDFC credit card, you have to visit the HDFC Bank website (https://www.hdfcbank.com). Step 1: In this, … Read more

Flipkart Axis Bank Credit Card charges, benefits, apply

Flipkart Axis Bank Credit Card

Flipkart Axis Bank Credit Card: The special feature of this credit card is that it is lifetime free. For this, you do not have to pay an annual fee and Rs. 500 only joining fee is to be paid. Once you get the credit card, you will not have to pay any fees, along with … Read more

Apple shares fall amid chip shortage and Fed likely to hike rates

Apple shares

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