PB Fintech stock down 8%, Founders to sell 2.4% stake in a block deal worth $140 million

PB Fintech stock down 8%, Founders to sell 2.4% stake in a block deal worth $140 million

Today the stock price of Policybazaar and Paisabazaar’s parent company PB Fintech Limited was trading down more than 8%. Yashish Dahiya and Alok Bansal, co-founders of PB Fintech will sell a 2.4% stake in the company, in which Mr. Dahiya will sell 70 lakh shares and Alok Bansal will sell 38.9 lakh shares, worth $130-$140 … Read more

Nifty and Sensex down 1.7% on high US inflation, Fed’s James Bullard supports Rate hikes

Nifty and Sensex down 1.7% on high US inflation, Fed's James Bullard supports Rate hikes

Today a sharp fall was seen in the Indian market, both Nifty 50 and Sensex were down almost 1.7%. The inflation level in the US is at its 40-year high, due to which the expectation of a rate hike by the US fed is increasing, Reuters reported. St. Louis Federal Reserve President James Bullard said … Read more

Definition and Current Repo Rate and Reverse Repo Rate

Definition and Current Repo Rate and Reverse Repo Rate

If you are also interested in financial news, then you must have heard two words Repo rate and Reverse Repo rate. So in this article, you will know the concept of Repo Rate and Reverse Repo Rate. What is Repo rate Whenever you borrow money from any bank, you have to pay some interest on … Read more

DB Realty to issue 50 million convertible warrants to non-promoter investors, share rises 5%

DB Realty to issue 50 million convertible warrants to non-promoter investors, share rises 5%

The share price of Maharashtra-based real estate company DB Realty hit 5% upper circuit. February 9 2022 DB Realty informed the stock exchanges that they will issue 50 million convertible warrants to non-promoter investors. These warrants will be issued to investors like Rakesh Jhunjhunwala’s own firm RARE Enterprises, Aditya Chandak, KIFS Dealers, Rekha Jhunjhunwala and … Read more

IOC dividend: Indian Oil Corporation Limited declared dividend of Rs 4

IOC dividend: Indian Oil Corporation Limited declared dividend of Rs 4

Recently IOC (Indian Oil Corporation Limited) company has announced a dividend. The most critical metric to find out about any company divided is the dividend yield. Calculate Dividend yield: Dividend per share by its current market price. This is a better metric to know how much dividend the company is paying. IOC dividend Indian Oil … Read more

Sensex and Nifty almost 2% down amid rising oil price, FII sell-off, and US job data

Sensex and Nifty almost 2% down amid rising oil price, FII sell-off, and US job data

Today both Sensex and Nifty were almost 2% down because according to the recently released data, 4.67 lakh new jobs were added in the month of January in the US which is more than the market expectation. Apart from this rising inflation and crude oil prices are also going concerns. Recently crude oil prices had … Read more

Indigo Q3 results: Indigo share price rises 9%, posts profit of Rs 129.79 cr in Q3 FY22

Indigo share price rises 9%

Today the share price of India’s leading airline company Interglobe Aviation (Indigo) was trading almost 9.45% higher at Rs 2161. The company recorded a profit of Rs 129.79 crore in quarter 3 while the company was posting losses continuously for the last 7 quarters. In the same quarter last year, indigo recorded a loss of … Read more

Bank of Baroda share price rises 7%, strong FY22 Quarter 3 results | Bank of Baroda Q3 result

Bank of Baroda share price rises 7%

Today Bank of Baroda share price was trading up 7.55%. This is because the bank posted good numbers in its FY22 Q3 results. Bank of Baroda’s net profit increased by 107% on a year-on-year basis. The net interest income of the company also increased by 14.38% on a year-on-year basis. The most important metric for … Read more

Zuckerberg’s net worth drops to $85 billion after Meta stock crash

Zuckerberg's net worth drops to $85 billion after Meta stock crash: Facebook

Yesterday the stock price of Meta Platforms Inc (Facebook) fell by more than 25%. This record one-day drop resulted in a $200 billion market value drop for Meta, the highest single-day market value wipeout in US market history. Meta’s founder and CEO Mark Zuckerberg own a 12.8% stake in the company and after yesterday’s market … Read more

Vedant Fashions IPO GMP, Issue Date, Financials, Price, Lot Size & Details

Vedant Fashions IPO

Vedant Fashions IPO: Vedant Fashion is the largest company in the men’s Indian Wedding & Celebration wear segment in India. Their flagship brand Manyavar is the market leader in its category in India which was launched in 1999. The company has 2 more brands in men’s Indian wedding wear which are Twamev and Manthan. The … Read more

Godrej Properties Shares fall 10%, board to acquire 10% stake in DB Realty for Rs 400 cr

Godrej Properties Shares fall 10%

The share price of Mumbai-based real estate company Godrej Properties was down 10% today in the early trade after the stock made a slight recovery and the company’s stock was trading down 6.5% till the market closing. Godrej Properties’ pre-sales declined by 7% on a year-on-year basis and by 39% on a quarter-on-quarter basis in … Read more

Nifty Metal rise: Capital expenditure increased by 35% to Rs 7.5 lakh crore in Budget 2022

Nifty Metal rise: Capital expenditure increased by 35% to Rs 7.5 lakh crore in Budget 2022

Finance Minister Nirmala Sitharaman announced the budget 2022, in this budget the capital expenditure has been increased by 35% to Rs 7.5 lakh crore. Apart from this, the Finance Minister said that this year the focus will be on the Gati Shakti plan, and under this scheme, in the financial year 2023, the national highway … Read more

Budget 2022: 30% tax on digital currency, RBI to launch Digital Rupee based on blockchain technology

Budget 2022: 30% tax on digital currency

Finance Minister Nirmala Sitharaman announced Budget 2022, one of the biggest announcements of this budget is the introduction of the Digital Rupee. The Finance Minister has said that this year CBDC (Central Bank Digital Currency) will be introduced which will be managed by RBI and RBI will use Blockchain technology for this. Along with this, … Read more

Telecom stocks rise: 5G in 2022 and BharatNet broadband to be ready by 2025 says Nirmala Sitharaman | Budget 2022

5G in 2022 and BharatNet broadband to be ready by 2025 says Nirmala Sitharaman

Telecom stocks rise: In Budget 2022, Finance Minister Nirmala Sitharaman has said that 5G spectrum auctions will be conducted in 2022 and commercial 5G services can start by 2023. The Finance Minister has also said that to promote rural high-speed internet, new contracts will be awarded for the creation of rural optical fiber network under … Read more

Bharat Dynamics share price rises 10%, BDL signs Rs 3,132-cr contract with Indian Army

Bharat Dynamics share price rises 10%

The share price of Bharat Dynamics Limited, India’s one of the leading missile system manufacturing company, went up 10% today in early trade. The share price of the company is up 6.20% even at noon (IST), this is because the company has signed a contract with the Indian Army worth Rs 3131.82 crore. Under this … Read more

Budget 2022 | Drone services to be promoted through startups, 68% of Defense Capex allocated to domestic

Budget 2022: Drone services to be promoted through startups

Finance Minister Nirmala Sitharaman announced the Budget 2022, the two biggest announcements made so far are the allocation of the Drone Shakti scheme and Defense Capex. Under the Drone Shakti scheme, the government will focus on enabling drones as a service and startups will also be encouraged to use Drone Shakti. After this announcement, there … Read more

EV Stocks rise: Battery swapping policy, interoperability standard to be formulated for e-vehicles

EV Stocks: Electric Car Charging Station

In budget 2022, the Finance Minister said for electric vehicles that special zones for electronic vehicles will be made in the new urban planning for public transport. Due to difficulties in the expansion of the EV charging station network, the government of India will now formulate a formal policy for battery swapping which will lead … Read more

Shares Marico ltd and Chambal Fertilizers & Chemicals Ltd declare Interim Dividend

Shares Marico ltd and Chambal Fertilizers & Chemicals Ltd declare Interim Dividend

Share Marico ltd and Chambal Fertilizers & Chemicals Ltd company whose ex-dividend date is drawing near. 1. Chambal Fertilizers & Chemicals Limited The first company is Chambal Fertilizers & Chemicals Limited. This company announced an interim dividend of Rs 4.5 per share, whose dividend yield is almost up to 1.86%. The ex-dividend date of Chambal … Read more

Infra stock rise, FM declared 25000 km expansion in national highway network for FY 2023: PM Gati Shakti plan

FM declared 25000 km expansion in national highway network for FY 2023: PM Gati Shakti plan

In Union Budget 2022 under PM Gati Shakti plan, Finance Minister has identified 7 engines for multi-model connectivity which will facilitate a faster moment of people and goods. A plan for expansion of the Expressway network in India under the Gati Shakti plan will be formulated in 2022. The Finance Minister has also declared a … 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

BoAt parent files DRHP to SEBI for Rs 2,000 crore IPO

Boat Company Growth

Imagine Marketing Limited, the parent of Indian consumer electronics direct to consumer firm BoAt, has filed DRHP with SEBI for an IPO of 2000 crores. The company was established in 2016 and is backed by investors such as Fireside Ventures, Qualcomm Ventures LLC, and South Lake Investment Limited. In this IPO of Rs 2000 crores, … Read more

Union Budget 2022 Expectations: Tax relief, infrastructure expansion and Know More

Union Budget 2022 Expectations

The budget, whose impact comes on all that is involved in the Indian economy. Whether it is about the industries or the roadside vendors, the budget is such an event that influences the entire business. Know about the expectations of Union Budget 2022. What are the expectations from the 2022 budget The expectations for the … Read more