For the stocks of Equitas Holdings and Equitas Small Finance Bank (SFB), the big trigger was always going to be the reverse merger of Equitas Holdings into Equitas SFB. Accordingly, there was a sense of excitement in the markets on Tuesday 22nd March

On Tuesday, 22nd March, Fitch Ratings reduced India’s GDP growth estimates for FY23 by a total of 180 basis points from 10.3% previously to 8.5%. Fitch expects the rapid rise in inflation, driven by crude prices, to be a major headwind for India in

Nitin Gadkari, the Union Minister of Road Transport and Highways, has been in the news for the rapid aggression with which he executed road and highway projects across India. In fact, the average length of highways laid during any average day was

Zomato Instant, the grand plan of the CEO Deepinder Goyal to delivery food in 10 minutes, was always going to be tough. But what Deepinder did not bargain for was the huge social media controversy it created. If you go by the memes and trolls that

As of the penultimate day of the TCS buyback program on 22nd March, the TCS buyback had already been subscribed around 5.5 times. The Rs.18,000 crore buyback had opened on 09th March and will close on 23rd March. However, as of the close of 22nd M

A unit of Wockhardt has entered into an agreement with a subsidiary of Serum Institute of India, part of the Poonawala group. The agreement is to set up a new vaccine manufacturing facility in Wrexham, North Wales, United Kingdom. The collaboratio

It looks like the celebrations of the oil bears were almost premature. In the previous week, the oil prices had fallen sharply from $139/bbl to $100/bbl in the Brent crude market. However, oil has taken support at $100/bbl and has now bounced back by

Reliance Jio, the digital and telecom arm of the Reliance group, plans to raise close to $750 million (approximately Rs.5,700 crore). These funds will be raised via an offshore syndicated loan through a consortium of banks that will underwrite the en

On Monday 21st March, the US markets saw bond yields hardening to 2.34%, dollar index touching 98.5 levels and the Dow Jones index crashing. The common factor among all these developments was the sharply hawkish statements made by Jerome Powell. H

Accenture reported revenue of $15 bn, up by 28% in c/c (22-26% guidance range) on a YoY basis and flattish on a sequential basis in a seasonally weak quarter. Growth was broad-based with all verticals, geographies, and services growing in strong doub

The slew of listed companies of the Kishore Biyani-led Future group have intimated the stock exchanges that meetings of their respective shareholders and creditors had been convened on April 20 and April 21. The idea was to get the approval for the R

For a long time, Maruti Suzuki has been maintaining its stand that electrical vehicles (EVs) were not a viable proposition in India on a bulk scale. The argument proffered is that the diesel and petrol cars would be around for much longer than people