Grasim’s Paint Venture May Not Threaten Asian Paints’ Dominance, but Industry Dynamics Set to Shift with Increased Competition. Grasim Industries has made its much-anticipated debut in the paints sector with the unveiling of its Birla Opus product line. This move is poised to reshape the competitive landscape within the industry as the heat of rivalry … Read more
EPFO Rejection Rate Soars: Climbs from 13% to 34% in 5-Year Span, Reveals Data. Indian Express reports a startling revelation: the Employees’ Provident Fund Organisation (EPFO) has rejected one-third of all claims it received, raising concerns among stakeholders. On the official X handle of EPFO, numerous subscribers have voiced their grievances regarding delays in claim … Read more
As the highly anticipated Mobile World Congress 2024 approaches, the landscape is shifting as major industry titans opt to step back, creating an unprecedented opportunity for smaller players to shine on the global stage. Amidst this transformative backdrop, eyes are eagerly fixed on the imminent product unveilings from tech giants like Google, Honor, Nothing, Xiaomi, … Read more
Since October 2022, NVIDIA’s market valuation has experienced an astounding 560% surge, catapulting it from being less than half the size of the Sensex in May 2023 to now surpassing it. In contrast, the combined market capitalization of the top 30 companies in the country has seen a more modest increase of 30% during the … Read more
According to market sources, Indian Railway Finance Corporation (IRFC) is gearing up to release bonds valued at up to Rs 3,000 crore on February 26. These bonds consist of a base issue worth Rs 500 crore along with a greenshoe option of Rs 2,500 crore, all set to mature in 10 years by February 28, … Read more
Jio Financial Services Ltd has reached a significant milestone as its market capitalization exceeded Rs 2 lakh crore for the first time, driven by a notable 35 percent surge in its share price since the beginning of the year. This surge reflects the growing investor confidence in the company’s prospects. Meanwhile, parent company Reliance Industries … Read more
Byju’s Founder Byju Raveendran, Co-founder Divya Gokulnath, and Brother Riju Ravindran to Abstain from EGM Despite Owning 26% Shares in the Company. Byju’s founder and CEO Byju Raveendran has informed shareholders of the troubled edtech company that neither he nor any other board member will participate in the extraordinary general meeting (EGM) convened on February … Read more
Shares of Vodafone Idea (VI) saw a remarkable 9% surge to reach Rs 17.74 on the BSE during Friday’s intra-day trading session, following the telecom giant’s announcement regarding an upcoming board meeting on February 27 to deliberate on fundraising proposals. The potential fundraising avenues include equity or debt instruments. VI’s stock price has exhibited a … Read more
Prime Minister Narendra Modi Reiterates Government’s Commitment to Farmers Following Increase in Sugarcane FRP to ₹340 per Quintal. “Our government is dedicated to fulfilling every resolution concerning the welfare of our farmer brothers and sisters nationwide. In this vein, a historic increase in the price of sugarcane purchase has been sanctioned. This move will benefit … Read more
Enforcement Directorate Urges Bureau of Immigration for Renewed Travel Restrictions in Byju’s FEMA Violation Probe to Safeguard Investor Interests. ED Requests Revised Look-Out Circular Against Byju Raveendran, Founder of Byju’s. The Enforcement Directorate (ED) has reportedly urged the Bureau of Immigration (BOI) to issue a revised look-out circular (LOC) against Byju Raveendran, the founder and … Read more
Juniper Hotels IPO: The price band for the issue, which will close on February 23, has been fixed at Rs 342-360 a share. Juniper Hotels’ Public Issue Sees Subdued Response, 13% Subscription on Day 2. The public issue of Juniper Hotels has garnered a modest response from investors, with only a 13 percent subscription recorded … Read more
Nifty Breaks Crucial Support at 22,000 After Bearish Engulfing Candle; Immediate Support at 21,850 with 20-EMA, Followed by 21,750. Indian Indices Trade Lower Following Flat Opening on February 22; Bearish Engulfing Pattern Detected on Nifty Daily Charts. The benchmark Indian indices began the day with a flat opening on February 22 but soon turned red. … Read more
Analysts Emphasize Banking Stocks’ Role in Supporting Benchmarks to Reach New Highs. Sensex and Nifty Decline Amid Weakness in Banking Stocks and Hawkish Fed Meeting Minutes. The Sensex and Nifty experienced a 0.6 percent decline each on February 22 morning, with the Sensex at 72,178 and the Nifty at 21,913. Analysts noted that the weakness … Read more
Chris Wood, in his recent analysis, highlights the notable trend of Indian equities being consistently under-owned by emerging market active funds since 2014. In a detailed examination, Chris Wood elucidates how Indian equities have consistently remained under the ownership radar of emerging market active funds since 2014, shedding light on potential implications. Christopher Wood, Jefferies’ … Read more
According to recent reports, the Securities and Exchange Board of India (SEBI) is investigating the involvement of two well-known Mumbai-based production houses as potential “conduits” in a financial probe. As per sources cited by Moneycontrol, the Securities and Exchange Board of India (SEBI) has reportedly summoned numerous ex-directors of Zee Entertainment Enterprises Ltd (ZEEL) in … Read more
The pan-European Stoxx 600 index kicked off the trading day with a 0.2% decline in early deals. While bank stocks faced a 0.9% downturn, the retail sector saw a 0.5% uptick. Early trading witnessed a sharp decline of 6.7% in the shares of HSBC, following the announcement of an 80% plunge in pre-tax profits during … Read more
“RBI Paper Counters IMF Warning, Projects India’s General Government Debt to Fall to 73.4% of GDP by 2030-31” In the face of the International Monetary Fund’s cautionary statement suggesting that India’s general government debt could surpass 100% of Gross Domestic Product (GDP) in the medium term, a Reserve Bank of India paper presents a contrasting … Read more
TCS CEO K Krithivasan highlighted the efficiency of video conferencing tools like Zoom and Microsoft Teams but emphasized their oversight of crucial informal conversations and chitchat typical in office environments. During a recent address, TCS CEO K Krithivasan underscored the effectiveness of video conferencing platforms such as Zoom and Microsoft Teams. However, he pointed out … Read more
Hong Kong stocks surged by over 2% while broader Asia-Pacific markets displayed mixed performance following Wednesday’s losses on Wall Street. Investor sentiment was influenced by Japan’s trade data and a decline in business sentiment among major manufacturers. Hong Kong’s Hang Seng index rose by 2.36%, driven by gains in property, technology, and healthcare stocks. China’s … Read more
The report highlights that investment in the economy is consolidating, driven by high public capital expenditure which is attracting private investment. This has led to the setup of additional plants and acquisition of new machinery to address increasing capacity utilization. The Finance Ministry, in its monthly economic review for January, highlighted several factors contributing to … Read more