Menu

Markets

HDFC Bank Q1 Result Update: Profit rises 19% YoY to Rs 9,196 crore; NII up 15%
Business, Market News, Markets - May 24, 2019

HDFC Bank stock set to split after board approval

The largest bank in India, Housing Development Finance Corporation Bank (HDFC), has received the Board's approval for share-split. On May 22, 2019, HDFC Bank informed the exchange about the approval...
, , 0 Comment
Read More
Deutsche Bank Entities Reduce Yes Bank Stake: Market Implications and Strategic Shifts
Business, Market News, Markets - May 24, 2019

Yes bank finally makes provisions for ADAG and Essel group exposures

Yes Bank is a day late and a dollar short to make provisions, nevertheless the process has been initiated. Reliance Anil Dhirubhai Ambani Group (Reliance ADA Group) and Essel Group,...
, , , 0 Comment
Read More
Etihad set to meet Hinduja's to revive Jet
Business, Market News, Markets - May 23, 2019

Etihad set to meet Hindujas to revive Jet

The Hinduja Group has obtained the approvals of key stakeholders of Jet Airways to invest in the debt-ridden airways. However, there is no confirmation on the deal yet. The debt-laden...
, , , 0 Comment
Read More
Jio Financial Acquires Remaining SBI Stake to Fully Own Jio Payments Bank in ₹104.54 Crore Deal
Business, Market News, Markets - May 22, 2019

Jio adds more subscribers at the expense of Airtel, Voda

Mukesh Ambani led Reliance Jio records an increment of 94 lakh subscribers despite a decline of 1.82% in teledensity of India in March 2019. This recent addition of customers has...
, , , , 0 Comment
Read More
Tesla teams up with Ashok Layland to enter India
Business, Market News, Markets - May 22, 2019

Tesla teams up with Ashok Leyland to enter India

The leader in the industry of clean energy automotive- Tesla has received an invitation to the Indian markets from the Chief Digital Officer(CDO) of Ashok Leyland Mr Venkatesh Natarajan. The...
, , 0 Comment
Read More
Equity Right
Business, Market News, Markets - May 21, 2019

MCA estimates Rs.2.8 lakh crore recovery from IBC resolution

The Ministry of Corporate Affairs (MCA) has estimated a total recovery of Rs. 2.8 lakh crores through the Insolvency and Bankruptcy Code (IBC). This amount will be from resolutions with...
, , , 0 Comment
Read More
Trump Tariffs Push US Inflation to Eight-Month High
Business, Market News, Markets - May 20, 2019

US china trade war escalates. Should we worry

14th May’19 witnessed fuel to the fire with the Chinese imposing $60 billion tariffs on 5,140 US goods. The tariff rate ranged from a minimum of 5% to a maximum...
, , 0 Comment
Read More
Murae Organisor Reports Promising Q1 2026 Results: A Positive Start to the Fiscal Year
Business, Market News, Markets - May 20, 2019

USFDA classify three Aurobindo units under Official Action Indicated (OAI)

Aurobindo Pharma Ltd experienced a decline in its share prices on 17th May 2019. The company reported to the exchanges about three of its plants classified as Official Action Indicated...
, , , , , 0 Comment
Read More
Tata Sons to place their FMCG business under one single entity
Business, Market News, Markets - May 17, 2019

Tata Sons to place their FMCG business under one single entity

India’s biggest conglomerate, Tata Sons Ltd., has approved the corporate restructuring by transferring all branded food products from Tata chemicals Ltd. to Tata Global Beverages Ltd.   Three words that...
, , , , 0 Comment
Read More
Generic Drug makers sued by the US states for price fixing
Business, Market News, Markets - May 15, 2019

Generic Drug makers sued by the US states for price fixing

Out of the 50 states of the US, more than 40 states have filed a lawsuit against 20 generic drug companies. The lawsuit is about the drug companies inflating prices...
, , , , , , 0 Comment
Read More