Mumbai-based CarTrade Tech, a leading platform for used cars, has made a significant move in the Indian automotive market by acquiring OLX India's auto sales business. The deal, valued at ₹537 crore, involves CarTrade Tech purchasing the entire sta

The assets under management (AUM) of mutual funds is impacted by two factors. The first is the flows into mutual funds. These have been robust but varied month after month. The second factor that impacts the AUM of mutual funds is the stock market ap

While generally the oil prices spiking beyond a point is negative for the markets, the markets are not overly bothered by intermediate spikes in the price of oil. The general consensus is that as long as oil is under $80/bbl, it does not put too much

In its board meeting held on 24th June 2023, the board of directors of REC Ltd has approved an Interim Dividend pay-out of ₹4.35/- per equity share of face value of ₹10/- each. For the purpose of interim dividend eligibility, the record date has

Indian small investors have been making a beeline for the equity markets for quite some time now. The enthusiasm of retail investors is visible in various data points. These include the number of trades on the stock exchange, the number of trading ac

Titan Company, a leading jewellery and watches maker, announced its financial results for the April-June quarter of the fiscal year 2023-24, showcasing impressive growth and a strong all-around performance. The company reported a 20% year-on-year (Yo

Indian Hotels, the leading hospitality company in India, announced the signing of agreements for 11 new hotels and the opening of five additional hotels across various destinations in the April-June quarter. The expansion marks a significant miles

In an important development in the pharmaceutical sector, individual investor Rakesh Shah recently sold a 2% stake in Eris Lifesciences, a prominent pharmaceutical company. The transaction, valued at over ₹188 crore, has attracted attention from ma

In a rather interesting move, the Nippon India Life Asset Management announced that it will stop accepting lump sum investments into one of its most popular, Nippon India Small Cap Fund (NISC). This restriction is effective from Friday, July 07

New fund offerings (NFOs) are a regular offering from various mutual fund houses. In the last few months, the practice of companies tapping the Indian investors through NFOs has picked up once again with collections also picking up. While most of the

Introduction The month of July 2023 brings forth a crucial period for individuals and businesses, as they find themselves confronted with a series of significant financial and tax deadlines. These deadlines carry immense importance, not only for e

Tata Power, a major player in the Indian power sector, experienced a surge in share demand after securing a significant smart meter deal worth ₹1,744 Crore. The company's stock price jumped by ₹5.9 or 2.6 percent, reaching ₹227.5 per share on t