Aditya Birla Group chairman Kumar Mangalam Birla has offered to hand over his stake in Vodafone Idea Ltd to any state-run company or financial institution in a bid to keep the debt-laden telecom operator afloat. The billionaire has written to the

Bandhan Bank’s net profit for the first quarter through June 2021 dropped 32%, dragged down by a 62%jump in provisions to cover for potential non-performing assets The private-sector bank posted a net profit of Rs 373.1 crore for the April-June

Housing Development Finance Corp (HDFC) reported a slight decline in its standalone net profit for the first quarter through June 2021, as a sharp fall in expenses offset a fall in revenue. Net profit for the April-June period fell 1.7% to Rs 3,00

The Indian equity markets started the week on a positive note on account of positive global sentiments. In addition, the news that GST collection recovered to a three-month high in July, above Rs1 lakh crore mark, as economic activity restarted also

The next big story in the auto space appears to be electrical vehicles. Just last week, the chairman of Tata Sons announced a $3-4 billion investment in FY22 in the EV business. The other major CV manufacturer, Ashok Leyland, is not too far behind. O

After a rather tepid June month due to COVID 2.0 lag effect, the sales of automobiles picked up sharply in July. With auto factories and showrooms functioning at near-normal capacity, the bounce was on the cards. Let us look at two major listed PV ma

As part of its risk management system, NSE issued a circular on 31 July highlighting the logic for quantity freeze and the respective quantity freeze limits for the 3 indices traded in F&O viz. Nifty, Bank Nifty and Nifty Financial Services index

Metals have been in the limelight for some time now. Most of the metal stocks have either doubled or tripled since January 2021 and that has been triggered by strong demand and pricing power for steel companies and aluminium. This offset the spike in

The good news for Indian aviation is that no less a person than Rakesh Jhunjhunwala is bullish on the sector. Known for his shrewd long-term bets on stocks like Titan, Rallis and Lupin; Rakesh Jhunjhunwala plans to put aviation industry in India in a

The Rs.1,514 crore IPO of Glenmark Life Sciences, comprised of Rs.1,060 crore of fresh issue and Rs.454 crore OFS. The IPO was priced in the band of Rs.695-720 and the 3 day IPO closed for subscription on 29 July 2021, Thursday. The IPO had already b

Considering the global cues, Dalal Street is facing a huge sell-off in today’s trade. Huge selling is seen in banking, financial, pharma, auto and IT stocks. Sectoral Indices at glance: Indices (%)Change

The proposed amalgamation of Equitas Holding and Equitas Small Finance Bank (SFB) was already on the cards after RBI consented to reverse merger of bank holding companies after 5 years of operations. During the week, the amalgamation of Equitas Holdi