Stocks

HDFC Bank, India's largest private-sector lender, announced 9.94% stake in Go Digit-Life Insurance. According to a regulatory statement to stock exchanges, HDFC and Go Digit-Life Insurance entered into an "indicative and non-binding term sheet" on August 25 for two tranches totaling between Rs 49.9 crore and Rs 69.9 crore. This agreement, however, is subject to signing of formal agreements with mutually agreed-upon terms and circumstances,… read-more

Tesla suggested a three-to-one stock split on June 10 to make its shares more accessible after previous sell-offs of the world's most expensive automaker. Tesla's stock increased more than 1% in extended trading on June 10. On August 4, shareholders will vote on Tesla's suggested stock split. The split would provide Tesla employees "have more flexibility in managing their equity" and make its shares "more accessible to our retail shareholders… read-more

Gautam Adani has tumbled in his run for the richest man in Asia after witnessing a drastic falls in his stocks. However, this week, his personal wealth worth $77 billion has come down to $63 billion. Reportedly, the 58-year-old business tycoon has lost around $13 billion in 4 days after the Mauritius based 'Adani-invested' fund accounts were freezed. Unfortunately, these funds hold 90% of Adani Group's assets.

Indian stock market spiraled in the opening trades of January 21 as the benchmark Sensex crossed the historic 50,000-point for the first time. Jumping 230.69 points from its last close, the Dalal Street almost doubled its value from March 2020 (25,638). Nifty also witnessed a bullish trend while trading above 14,700 points. The steeped rise has been caused by optimism linked to US President Joe Biden's economic resolutions and strong FII… read-more

The Indian luxury car market is expected to witness about a 40% decline in sales which would be the steepest record. As the COVID-19 pandemic has hit the country hard, many middle-class families are choosing entry-level car models over luxury vehicles. This has adversely impacted the automobile market. With sales dropping to 50-55% from… read-more