Wednesday, August 28, 2024

Billionaire Raamdeo Agrawal picks up stake in IPO-bound Swiggy, Zepto

This news highlights Agrawal's growing interest in emerging businesses, particularly as the quick commerce sector experiences significant momentum in fundraising. According to an ET report, the family office of Bollywood superstar Amitabh Bachchan has also acquired a small stake in Swiggy. This was done by purchasing shares from the food delivery and quick-commerce company's employees and early investors, indicating continued confidence in the sector's potential.

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Monday, August 26, 2024

Stocks in news: Ultratech, Paytm, HCL Tech, Gland Pharma, GPT Infra

Stocks in news: The domestic market had a promising start this week, aided by a dovish stance from the US Fed. Shares of Ultratech, Paytm, HCL Tech, Gland Pharma, and GPT Infra gained attention due to various developments. Key moments included Sameera Agro’s bonus shares issue, HCLTech’s extended partnership, and GPT Infraprojects’ QIP approval. UltraTech raised $500 million through a sustainability-linked loan.

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Paytm shares drop 9% following report of Sebi's show-cause notice to Vijay Shekhar Sharma

Paytm Share Price: Paytm shares saw a 9% dip to Rs 505.25 following news that SEBI issued show-cause notices to Vijay Shekhar Sharma and ex-board members. The allegations involve misrepresentation during the IPO, focusing on Sharma’s promoter classification. This classification is significant due to regulations on ESOPs for promoters post-IPO.

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Sunday, August 25, 2024

Stocks in news: Trent, BEL, LTIMindtree, Ambuja Cements, Alembic Pharma, Transport Corp

Stocks in news: The domestic market edged higher for the second week, moving closer to record highs. Key shares like Trent, BEL, and LTIMindtree attracted attention due to index changes. Transport Corporation announced its first equity buyback. Ambuja Cements experienced significant block deals. Ashoka Buildcon won an MMRDA project. Several other companies also highlighted important developments.

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Saturday, August 24, 2024

Islamic State group claims responsibility for knife attack in Solingen, Germany that killed 3

The group said Saturday on its news site that the attacker targeted Christians and is a "soldier of the Islamic State" who carried out the assaults Friday night "to avenge Muslims in Palestine and everywhere."

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Thursday, August 22, 2024

Stocks in news: Ambuja Cements, Nykaa, Adani Power, Bharti Airtel, Wipro

Stocks in news: Domestic markets ended slightly higher on Thursday in a lackluster session. Ambuja Cements, Nykaa, Adani Power, Bharti Airtel, Wipro, along with other notable companies will be in focus due to significant news, including stake sales, GST orders, acquisitions, partnerships, and bonus issues.

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Wednesday, August 21, 2024

Stocks in news: Zomato, Paytm, Zen Technologies, Coal India, IREDA, Alkem Labs

Markets increased on Wednesday. Zomato approved a deal with Paytm. Coal India pursued lithium acquisitions. Zen Technologies launched a QIP. BEML signed an MoU with the Indian Navy. IREDA considered raising funds. Welspun Enterprises, Alkem Laboratories, India Grid Trust, and Cyient also saw notable activities.

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Tuesday, August 20, 2024

Stocks in news: Zomato, Cyient DLM, L&T, Petronet LNG, NHPC

Stocks in news: The markets saw an uptick of almost half a percent on Tuesday, with Zomato, Cyient DLM, L&T, Petronet LNG, and NHPC grabbing attention. Notable activities included a major stake sale by Antfin Singapore Holding in Zomato, and equity transactions involving PNB Housing Finance and Cyient DLM. L&T got GST relief, while NHPC reported a landslide at Teesta-V.

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Tech donor network co-founded by JD Vance seeks to push America to the right

JD Vance, co-founder of Rockbridge Network, aimed to spread Trump's nationalism via right-wing news, voter engagement, and polling. Documents disclosed Rockbridge's scale and $75 million budget for 2024, showing Silicon Valley's rising influence in conservative politics. The group comprises tech investors supporting deregulation and reduced oversight in key sectors.

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Monday, August 19, 2024

Stocks in news: IndusInd Bank, Zomato, Saraswati Saree Depot, HCL Tech, Poly Medicure

The benchmark indices saw a flat closing on Monday with investors waiting for more triggers. Key focus areas were IndusInd Bank's RBI nod for a mutual fund business, Saraswati Saree Depot's 30% premium debut, and movements in Zomato, Poly Medicure, Motilal Oswal, Hi-Tech Pipes, Sapphire Foods, and HCL Tech shares.

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Sunday, August 18, 2024

Stocks in news: Hindustan Zinc, Samvardhana Motherson, Mphasis, Uno Minda, Polyplex Corp

Markets bounced back on Friday, gaining almost 1.5% amid positive global cues. Attention will be on Hindustan Zinc, Samvardhana Motherson, Mphasis, Uno Minda, and Polyplex Corp due to key updates like resignations, acquisitions, and new appointments. DCX Systems received notable orders of Rs 107 crore from domestic and overseas clients.

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Thursday, August 15, 2024

Stocks in news: Ola Electric, Hindustan Zinc, SpiceJet, SBI, Glenmark Pharma

Stocks in news: The domestic markets closed flat on Wednesday. Hindustan Zinc set a floor price of Rs 486 for its offer for sale. SpiceJet’s net profit fell by 20%. Ola Electric posted a wider net loss. Karnataka suspended dealings with SBI and PNB. Glenmark Pharma reported a Q1 net profit of Rs 340 crore.

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Wednesday, August 14, 2024

How a snake blacked out nearly 12,000 homes in the US

In Virginia, a snake triggered a power outage impacting 11,700 residents, including parts of Newport News and Christopher Newport University. Dominion Energy resolved the issue within an hour and a half. The snake's actions caused a disturbance by coming into contact with a transformer. Other similar incidents have been reported previously in Tennessee.

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Tuesday, August 13, 2024

Stocks in news: Hero MotoCorp, Hindalco, Apollo Hospitals, Vedanta, Ola Electric

On Tuesday, the Sensex dropped nearly 700 points, extending the market's losses. Key stocks such as Hero MotoCorp, Hindalco, Apollo Hospitals, and Vedanta were in focus due to new developments and quarterly results. Hero MotoCorp and Apollo Hospitals reported strong profit growth, while IRCTC and Nykaa also showed impressive gains.

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Thursday, August 8, 2024

Pakistan: Accountability court approves 11-day physical remand of Imran Khan and his wife

Imran Khan and his wife were arrested in the new Toshakhana case after a district and sessions court of Judge Muhammad Afzal Majoka on July 13 acquitted them in the un-Islamic marriage case, The News International reported.

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Stocks in news: Grasim, Info Edge, LIC, Eicher Motors, SAIL

Thursday's market closed in red due to the RBI's cautious policy. Key events included LIC's 9% profit rise, Eicher Motors’ 20% increase, and Cochin Shipyard's 76.6% growth. Additionally, Trent, Grasim, and Info Edge announced their Q1 results, among other notable financial updates from various firms.

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Wednesday, August 7, 2024

Fund Manager Talk | Growth stocks will continue to command premium: Vishal Jajoo

Overall corporate earnings have been in-line with expectations and coupled with a good monsoon this year, we are witnessing positive news flow not only from rural India but also from export dependent sectors like IT and Textiles.

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Stocks in news: LIC, RVNL, BSE, Hindalco, Tata Motors, Eicher Motors

The domestic markets rebounded on Tuesday, gaining over a percent owing to robust global cues. Stocks such as LIC, Eicher Motors, RVNL, and Tata Motors were highlighted due to quarterly results and corporate developments. Key financial outcomes were reported by BSE, NHPC, and Apollo Tyres. Moody's upgraded Tata Motors' rating, keeping a positive outlook.

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Nepal helicopter crash kills five

Helicopter crash in Nepal: The Air Dynasty helicopter, 9N-AJD, was en route to Rasuwa from Kathmandu when it crashed. The helicopter took off from Kathmandu at 1:54 PM but lost contact just three minutes after takeoff, news report said.

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Tuesday, August 6, 2024

Stocks in news: Pidilite, Godrej Consumer, PB Fintech, Gland Pharma, Tata Power

Tuesday saw Indian markets close marginally lower amid volatility and mixed signals. Companies like Pidilite, Godrej Consumer, and NHPC announced their first-quarter results. Noteworthy financial updates were reported by PB Fintech, Tata Power, and others. In a significant move, Challa Sreenivasulu Setty was appointed as the chairman of SBI.

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Monday, August 5, 2024

Japanese stocks soar as wider markets bounce from brutal selloff

Japanese stocks surged above 34,000 on Tuesday, recovering from Monday's 12.4% plunge. Central bank reassurances boosted markets, igniting a sharp rebound in the Nikkei, as well as gains in Wall Street futures. Currencies steadied, Treasury yields recovered, and oil prices rose after news of U.S. personnel injuries in Iraq.

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Aditya Arora on 2 sectors that can outperform in near term

So, the medium-term trend is definitely disrupted and it could trend lower. It is all news driven right now. As the news flow comes in the global market that is how the markets will pan out. But if we talk about the very short term, then Nikkei is down 28% in one month. If there is any short covering rally over there, we can see a short covering over here as well.

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Sunday, August 4, 2024

Stocks in news: SBI, Airtel, ONGC, Titan, Infosys, JSW Steel, IDBI Bank

The past week saw domestic markets close marginally lower amid volatility. Key highlights included SBI's 0.9% rise in Q1 net profit, Titan’s slight profit decrease, and Divi's Labs' 21% profit growth. Airtel, ONGC, and Marico were noted for upcoming Q1 results, while Infosys had significant regulatory updates.

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Friday, August 2, 2024

Delhivery Q1 Results: Company swings to black, posts Rs 54 crore profit, revenue jumps 12% YoY

Delhivery Q1 Results Q1FY25: Its revenue from services jumped 12.6% year-on-year (YoY) to Rs 2,172 crore, up from Rs 1,930 crore in the same quarter of the previous year. | Quarterly Reports Latest News

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Thursday, August 1, 2024

Stocks in news: Titan, Hindustan Zinc, ITC, SpiceJet, Zomato

Sensex reached a new peak, closing 126 points higher, and Nifty crossed the 25,000 mark for the first time. Titan, Hindustan Zinc, ITC, Tata Motors, Zomato, Adani Enterprises, and SpiceJet shared their quarterly results. ITC reported a small rise, while Tata Motors and Adani Enterprises showed significant profit growth. SpiceJet canceled flights due to operational reasons.

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Sudarshan Chemical Industries acquires Germany-based world’s second biggest pigment company Heubach Group

Sudarshan Chemical Industries announced the acquisition of Heubach Group for Rs 1,180 crore. Shares surged 20% on the news. Heubach Group is...