Sensex Headquuarters

Photo: Deccan Herald

Sensex Falls To 567 Points; NSE Nifty Ends At 16.416.35

With Sensex below 567.98 points (1.02%) equity benchmark declined for the third consecutive day on June 7. Notably, the 30-share Bombay Stock Exchange (BSE) Sensex settled at 55,107.34, whereas the National Stock Exchange (NSE) Nifty fell by 153.20 (0.92%) and ended at 16,416.35. Furthermore,  international oil benchmark Brent crude dipped 0.26% to USD 119.2 per barrel. The points fell a day ahead of the new RBI-policy announcement, on June 8… read-more

Tue, 07 Jun 2022 - 04:40 PM / by Varsha Joshi

Tags: SHARE MARKET, Companies, BSE, NSE NIFTY, Indian Stock

Exterro founder Bobby Balachandran

Photo: The Business Journals

Over 400 Firms Stop Business Activities In Russia Over US Sanctions

As a result of US Sanctions on Russia, around 400 firms have decided to curtail their business activities in the country. Founder of Exterro, Bobby Balachandran, expressed his grief towards the people of Ukraine. To date, several Ukrainians have fled the country as war hits the second month. Describing the situation in Ukraine as "very sad", Balachandran said, "our heart goes to people who are impacted by the conflict."

Sat, 26 Mar 2022 - 03:01 PM / by Shibu Immanuel S

Tags: Ukraine-Russia, Russia, Companies, Ukraine Russia Crisis, War

Courtesy: ANI

Companies-Hong Kong

Photo: Top Software Companies

Hong Kong To Exclude 'COVID Unaffecfed' Companies From Wage Subsidy Scheme

Hong Kong will exclude the large supermarkets, pharmacies, and chain businesses from the next round of government wage subsidies, who remain “unaffected” from the fifth-wave of the Covid-19 outbreak, stated Hong Kong Chief Executive Carrie Lam. In addition, people earning over Hong Kong Dollar 30,000 per month won't be benefited from the scheme. Notably, the three-month scheme is targeted to aid about 1.3 million workers.

Sat, 19 Mar 2022 - 11:59 AM / by Shaloo Priya

Tags: World news, business, Hong Kong, Companies, Scheme

Courtesy: ANI News

Tech Mahindra

Photo: Tech Gig

Tech Mahindra Approves Proposal To Acquire 100% Stakes Of Allyis India

Tech Mahindra is set to acquire 100% stakes of Allyis India, and 'Green Investments' with over $125 million. The huge investment will boost Tech Mahindra's capabilities in digital experience solutions, enhancing learning, marketing, development, special devices and instructional designing. The Tech Mahindra issued a statement in a BSE filing and confirmed the proposal of acquisition of the 100% equity shares.

Sat, 01 Jan 2022 - 10:00 AM / by Varsha Joshi

Tags: Tech Mahindra, Equity shares, important green investment, Allyis India, Companies

Market Capitalisatiion

Photo: GoBankingRates

6 Domestic Firms Gain In Market Cap; Reliance Holds Upper Hand

Out of the top ten domestic firms, six of them contributed a total of Rs 69,611.59 crore to their market valuation. Further, Reliance Industries gained the most as the valuation jumped to reach Rs 13,38,763.60 crore. Meanwhile, HDFC Bank, HDFC, SBI, ICICI, and Kotak Mahindra Bank were the gainers. However, TCS, Infosys, Hindustan Unilever Limited, and Bajaj Finance suffered a decline in their market cap.

Mon, 19 Jul 2021 - 03:55 PM / by Bornika Das

Tags: Reliance Industries, Companies, market valuation, TCS


Photo: UTI Mutual Fund

Equity Schemes Witness Net Inflow After 9 Months In March

Indian equity mutual funds have recorded an inflow of Rs 9,115 crore in March. Witnessing inflows for the first time in nine months, the Association of Mutual Funds in India data reported Rs 4,534-crore outflow from the equity and the equity-linked schemes in February. Reportedly, the overall outflow stood at Rs 29,745 crore for the period studied. Meanwhile, gold exchange-traded funds witnessed an inflow of Rs 662 crore in March.

Fri, 09 Apr 2021 - 09:06 AM / by Ronit John

Tags: Equity, Stock market, Funds, Companies

Courtesy: Business Standard


Photo: iPleaders Blog

Fund Houses Must Contribute To LPCC As Per FY21 Asset Under Mgmt: SEBI

Securities market regulator SEBI has urged the fund houses to contribute to Limited Purpose Clearing Corporation (LPCC) in a newly revised formula framed in FY 2020-21. Reportedly, the contributions now includes assets in conservative hybrid funds while excluding assets in gilt funds and overnight funds. Earlier, the formula was in accordance to the rules framed in FY 2019-20. Notably, contributions to LPCC improves liquidity in corporate… read-more

Wed, 07 Apr 2021 - 11:34 AM / by Ronit John

Tags: SEBI, Companies, Corporate Debt Securities Market, Funds

Courtesy: Mint

Indian Railway

Photo: Bloomberg Quint

Railways' Finance Arm IRFC's Q3 Profit Clocks 16% Rise To Rs 2,934 Cr

The Indian Railway Finance Corporation Ltd has reported a 16% surge of Rs 2,934 crore in its Q3 of FY21 profit ending December 2020. Additionally, the company witnessed a 10.76% rise in its total revenue that stood at Rs 11,315.51 crore. Interestingly, allowing interim dividend, the IRFC also revealed having no NPAs and credited government linkages, strong Capital Adequacy Ratio and positive credit ratings behind the growth.

Sun, 14 Feb 2021 - 07:46 PM / by Nikita Thakur

Tags: IRFC, Indian Railways, Companies, QUARTER PROFITS, NPAs

Courtesy: LiveMint