Last week, we had reported about the Rs.2,500 crore qualified institutional placement (QIP) of equity shares by Canara Bank. This week it emerges that nearly Rs.431 crore in the QIP was invested by Rakesh Jhunjhunwala. In short, Jhunjhunwala has abso

Foreign direct investment or FDI in the proposed LIC IPO may be permitted as a special case. To begin with, Indian government permits FDI in insurance up to 74% under the automatic route. Only if the FDI is above 74%, the matter is referred to the Ca

On 23 August, the NSE Index committee made some significant changes to the criteria and the composition of the various capitalization indices and sectoral indices. There are two very significant shifts that the Index Committee has made in the index c

On 17th August, RBI lifted the ban on HDFC Bank pertaining to issue of credit cards. In December 2020, RBI had imposed a ban on HDFC Bank issuing new credit cards as well as launching new digital initiatives. This was following constant complaints fr

In the last quarter, almost all realty companies have shown positive vibes in terms of demand pick-up. While revenge buying has been one factor, the more important factor has been home loan rates are at the lowest in history. Most home buyers are see

The COVID 2.0 may have impacted the manufacturing operations across major sectors. However, the second round of pandemic had little impact on the start-up fundraising scenario in India. On the other hand, the start-ups raised 71% more in the Jun-21 q

The board of Aarti Industries has approved the proposal to demerge the pharma business into a separate entity, Aarti Pharmalabs Ltd. Under the scheme of the arrangement, the pharma business of Aarti Industries and the allied specialty chemicals segme

The stock markets will remain closed on 19-08-2021 on account of Muharram. It will be a trading holiday as well as a banking / clearing holiday on Thursday. As a result, this time the weekly index options settlement in F&O has been pulled back fr

A full 8 months after the RBI had imposed a ban on fresh card issuances by HDFC Bank and launch of any fresh digital initiatives, the RBI has lifted the ban on the issue of fresh cards. HDFC Bank can now go ahead and issue new credit cards to its cus

There is a surge of investor interest in healthcare, read hospital, stocks. The table below captures 3 major healthcare stocks in India along with YTD returns and returns from 52-week lows. All the 3 stocks are quoting at their all-time high level

Canara Bank has opened its qualified institutional placement of equity shares worth Rs.2,500 crore on 17th August. The floor price for the QIP has been set at Rs.155.58 per share, which is slightly above the current market price. Canara Bank can offe

The proposed deal between Saudi Aramco and Reliance was first announced at the 42nd AGM of Reliance Industries in 2019. Reliance was supposed to sell 20% in its Oil-to-Chemicals (O2C) business for $15 billion. However, things changed with the onset o