Vedanta Resources Ltd, owned by Anil Agarwal and based out of UK, has created mega plans to constitute a $10 billion fund. Among other things, this fund will also bid for the government stake in Bharat Petroleum Corp Ltd (BPCL). Government has been p

It is not just the power and oil companies that are now thinking of green power. Even traditional industrial companies have taken that route. The latest example is that of one of India’s leading tyre manufacturers, Apollo Tyres, which has gone the

Global investment house, Morgan Stanley, has raised its weight on Indian financial stocks. In its latest report, Morgan Stanley has gone 600 bps overweight on Financials while it is now 500 basis points underweight on IT sector. Morgan Stanley is als

Read here about breakout stocks, its meaning and what are the breakout stocks for today. Breakout Stocks: What are the breakout stocks for today? A breakout is a phase where stock price moves outside a consolidation with increased volumes. Such

Air India announced that it has cancelled 8 flights to the US after the United States decided to roll out 5G wireless networks. In a terse statement, Air India just announced that all flights to the US were being cancelled due to roll out of 5G netwo

In a move intended to save on annual interest costs, Reliance Jio paid off the entire deferred spectrum dues to the government in one shot. The total amount paid by Reliance Jio was Rs.30,791 crore and with this payment there are no dues pending for

Read here about breakout stocks, its meaning and what are the breakout stocks for today. Breakout Stocks: What are the breakout stocks for today? A breakout is a phase where stock price moves outside a consolidation with increased volumes. Such

Reliance Retail Ventures, a unit of Reliance Industries, has acquired a 54% stake in Addverb Technologies for a consideration of $132 million. In addition, RIL will also acquire an additional 1.7% stake and take their total holding in Addverb Technol

Car prices hikes have become commonplace these days. Maruti Suzuki hiked the prices of cars three times in the previous calendar year and it has already effected the first rate hike for this year in January. On an average auto prices have gone up 6-7

If reports are to be believed in the market, the deal to acquire Citibank’s India consumer business may close as early as the current month of January 2022 itself. The Citi India consumer business is expected to be valued at around $1.5 billion or

The fiscal year 2021-22 may have been rather disappointing for the disinvestment story. However, the government has collected prolific dividends from central public sector enterprises (CPSEs) in the current fiscal year. Till date the government has r

In the last few months, there has been one thing that has concerned the IPO market. The anchor investors may have played an important role in building institutional demand for the IPO. However, it was noted that these anchor investors did rush for th