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IPO research, Market News, Markets, Research - March 14, 2019

Metal Scrap Trade Corporation Limited (MSTC) -IPO note: AVOID

Issue Highlights: Metal Scrap Trade Corporation Limited (MSTC) is a Public Sector Undertaking incorporated on 9th September 1964 with headquarters in Kolkata, India. MSTC comes under category-I Mini Ratna owned...
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Mahindra CIE to acquire Aurangabad Electricals
Automobile News, Market News, Markets - March 14, 2019

Mahindra CIE is set to acquire Aurangabad Electricals

In a meeting, held on 12th March, 2019 the board of Mahindra CIE Automotive agreed the acquisition of Aurangabad Electricals Ltd. (AEL). They have acquired 100% of the issued and...
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Infosys’s ₹300 crore Mohali Campus: What it Means for the IT Sector and Investors
Automobile News, Market News, Markets - March 14, 2019

Infosys inks pact with Rolls-Royce

Indian software giant Infosys agrees on a pact with British corporation Rolls-Royce becoming its strategic long-term partner for delivering engineering and digital services. The engagement entails leverage of Infosys’ turbo...
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Factory and Industrial Output Face Slowdowns
Economy, Market News, Markets - March 13, 2019

Factory and Industrial Output Face Slowdowns

Owing to the recent spike in food and oil prices, India’s factory growth slowed down and retail inflation saw a rise. Retail inflation rose from 2.05% last month to a...
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Mitsubishi’s $8 Billion Shale Gas Play: A Strategic Leap into U.S. LNG
Market News, Markets - March 13, 2019

Government ushers in new oil policy to promote domestic production

With the present government emphasizing on the importance of reducing the fiscal deficit of the country, the government has tried to make changes to different multiple policies in order to...
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Equity Right
Banking, Business, Market News, Markets - March 12, 2019

RBI to force banks to cut interest rates

The Central Bank stated that they will soon get banks to cut the interest rates, the lending rates to the borrower. The reason for this action was blamed on the...
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BluPine Energy Secures ₹2,416 Cr to Build Hybrid Clean Power Project in Karnataka
Market News, Markets - March 8, 2019

Suzlon Energy to restructure its FCCB

Suzlon Energy is set to reorganize their foreign currency convertible bonds (FCCB’s), thereby seeking help of Houlihan Lokey Inc., which are due in July, 2019. They are an American multinational...
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India to not worry about Trump’s Immigration Policy
Market News, Markets - March 8, 2019

Donald Trump terminates India from GSP program

The Donald Trump regime has decided to remove India from GSP citing due to its inability to provide equitable access to its markets. Turkey is supposed to be removed too....
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Ajay Kapur appointed as CEO of aluminium, power business of Vedanta Group
Market News, Markets - March 7, 2019

Ajay Kapur appointed as CEO of aluminium, power business of Vedanta Group

On Tuesday 5th march, 2019 Vedanta group appoints Mr. Ajay Kapur as a Chief Executive Officer for aluminium, power business .Earlier; Mr. Kapur was managing director and CEO of Ambuja...
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Markets Plunge as Middle East Tensions Erupt: Oil Soars, Aviation and Equities Suffer
Market News - March 7, 2019

ONGC receives bid from Schlumberger for upgradation of oilfields

ONGC has received lone bid from the world’s largest oilfield services company Schlumberger, United States. ONGC made proposal’s to various oilfield services company with an aim to maximize the yields...
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