Sameer Gehlaut, one of the original promoters of Indiabulls Housing Finance, may be looking to reduce his stake to below the statutory minimum required to be classified as a promoter. Currently, Sameer Gehlaut holds about 21% stake in Indiabulls H

In an interesting move in the stock markets, the stock of Reliance Industries was the top gainer on the Nifty on 25th November, gaining 6.4% in a single day. This bounce comes after a couple of days of weakness due to the stake sale in the O2C busine

The announcement to go ahead with privatization of PSU banks was made in the Union Budget 2021. During the budget presentation, Finance Minister Nirmala Sitharaman had committed that 2 PSU banks, other than IDBI Bank, would be privatized during the y

The much awaited Cryptocurrency and Regulation of Digital Currency Bill, 2021 is likely to be taken up for discussion in the Winter session of Parliament, which commences on 29th November and will get over on 23rd December. It is 1 among the 26 bi

On 23 November, the Indian government announced that it would release nearly 5 million barrels of oil from its Strategic Petroleum Reserve (SPR). The decision has an interesting background. Just a couple of days earlier, Joe Biden had announced th

In a circular issued after market hours on 23-November, SEBI announced that it was postponing the implementation of the framework for segregation and monitoring of collateral at client level to 28th February 2022. In addition, even the implementat

In a move that could set the tone for the new paradigm in the telecom industry, Bharti Airtel took the lead in raising pre-paid tariffs by 20-25%. These new tariffs would be effective from 26-November. The pre-paid set of customers are normally th

In a move that was not exactly surprising, Reliance Industries and Saudi Aramco, have mutually decided to rework and reassess their agreement . Under the 2019 original deal, Reliance was to sell 20% in its oil-to-chemicals business to Saudi Aramco fo

The Honourable Supreme Court has allowed the government of India to sell its residual stake in Hindustan Zinc Ltd. The government and DIPAM are yet to take a call on whether this stake sale would be in a single tranche or in multiple tranches. The

Even as the government and the DIPAM are working overtime to complete the LIC IPO before March 2022, there is a simultaneous plan to privatize another 5 to 6 PSU and to complete the process by January 2022. These are the PSU that have already been

At a time when metal companies have been having the time of their life, one of India’s largest commodity players, Vedanta, has not really outperformed. For Vedanta, it looks like the answer may be to restructure the business in order to deliver ext

With the proliferation of investment products in the market and a surfeit of options, investors are spoilt for choice. However, it also means that a competitive landscape forces many salespersons to hard-sell investment products and ideas to investor