A unit of Wockhardt has entered into an agreement with a subsidiary of Serum Institute of India, part of the Poonawala group. The agreement is to set up a new vaccine manufacturing facility in Wrexham, North Wales, United Kingdom. The collaboratio

It looks like the celebrations of the oil bears were almost premature. In the previous week, the oil prices had fallen sharply from $139/bbl to $100/bbl in the Brent crude market. However, oil has taken support at $100/bbl and has now bounced back by

Reliance Jio, the digital and telecom arm of the Reliance group, plans to raise close to $750 million (approximately Rs.5,700 crore). These funds will be raised via an offshore syndicated loan through a consortium of banks that will underwrite the en

On Monday 21st March, the US markets saw bond yields hardening to 2.34%, dollar index touching 98.5 levels and the Dow Jones index crashing. The common factor among all these developments was the sharply hawkish statements made by Jerome Powell. H

Accenture reported revenue of $15 bn, up by 28% in c/c (22-26% guidance range) on a YoY basis and flattish on a sequential basis in a seasonally weak quarter. Growth was broad-based with all verticals, geographies, and services growing in strong doub

The slew of listed companies of the Kishore Biyani-led Future group have intimated the stock exchanges that meetings of their respective shareholders and creditors had been convened on April 20 and April 21. The idea was to get the approval for the R

For a long time, Maruti Suzuki has been maintaining its stand that electrical vehicles (EVs) were not a viable proposition in India on a bulk scale. The argument proffered is that the diesel and petrol cars would be around for much longer than people

For all those who were celebrating that fuel prices have not gone up despite the 80% rally in Brent crude in the last 3 months, there is an interesting piece of news. Amidst the din of rising crude prices, the government has quietly raised the prices

Read here about breakout stocks, its meaning and what are the breakout stocks for today. Breakout Stocks: What are the breakout stocks for today? A breakout is a phase where stock price moves outside a consolidation with increased volumes. Su

It has been an eventful week for the Tata group. The week began with the redoubtable N Chandrasekaran appointed the CEO of Tata Air India with full executive responsibilities. Then came the big news of Tata Motors announcing plans to invest Rs.15,

There is an interesting background about India issuing sovereign bonds. The plan had been sanctioned about two years ago in the Union Budget with a target to raise up to $10 billion via sovereign bonds. However, internal objections mounted and eventu

The one big piece that was missing in the Zomato product palate was a good Quick Commerce Franchise. The controlling stake in Blinkit could just about bridge that gap. Zomato is all prepared to take control of Blinkit, formerly known as Grofers, afte