In an interesting development, the NCLT Mumbai Bench permitted Reliance Retail Ventures to call for an Extraordinary General Meeting (EGM) to seek approval of its creditors and shareholders for the Future group merger deal. The NCLT Mumbai Bench also

In a way Radhakishan Damani’s wealth creation has been synonymous with D-Mart (Avenue Supermarts). That is true and D-Mart alone accounts for over 97% of the total portfolio value of his holdings. However, Damani is also known to be one of th

Ashish Kacholia has emerged as a very focused value investor in mid-cap and small cap stocks in India. He floated Lucky Securities in 1995 but eventually went on to become one of India’s ace investors. As of the close of September 2021, Ashish K

In early trades on 18th October, the stock of PNB Finance was locked in lower circuit as a slew of brokers and analysts downgraded the PNB Housing stock. The downgrade came after PNB Housing and Carlyle decided to mutually call off the share placemen

Just a week after the government announced that Air India was being sold to the Tata group, Air India has come out with numbers. It just underlines that the bleeding of the national carrier continues almost relentlessly. This comes just a week after

In its latest meeting of shareholders, the board has approved the raising of funds to the tune of Rs.2,000 crore via the issue of securities. This could be via the issue of equity shares or other securities. The amount is likely to be raised in tranc

In the midst of the ongoing fracas between Invesco Fund and the Zee management, led by Punit Goenka, it emerges that Reliance walked in and then walked out of the deal to buy a strategic stake in Zee Entertainment. The Reliance group has confirmed th

When the coal crisis came to the fore, threatening a virtual blackout in many states, it looked like the power sector was the worst affect. However, now the downstream impact is being felt. One such instance is of aluminium companies, which is an ext

For the month of September 2021, US inflation touched 5.4%, largely driven by a spike in food and housing inflation. This is the highest level of retail inflation in the US in the last 13 years, and this level was last seen during the peak of the glo

In the midst of the pandemic, the supply chain disruptions caused by China and the Doklam/Ladakh stand-off, it was expected that Indo-China trade would get impacted. But, what has happened, is the exact opposite. India-China merchandise trade looks s

Just a couple of days before Dussehra, Prime Minister Modi announced the ambitious Gati Shakti (National Masterplan) for multi-modal connectivity. Apart from de-clogging these infrastructure projects, the PM Gati Shakti also endeavours to adopt a mor

Infosys Ltd – Q2 Results (Sep-21) For the Sep-21 quarter, Infosys reported 20.48% growth in total revenues Rs.29,602 crore. Revenues were sequentially higher by just about 6.12%. Net profits for the quarter were up 11.9% YoY at Rs.5,421 cro