In a move that is significant, and also surprising, Maruti Suzuki has decided to cut its production of passenger cars by 40% for the month of October. This decision has been triggered by the tremendous shortage of microchips in the global market. Mic

In its preliminary hearing on 30th September, the National Company Law Tribunal (NCLT) has instructed Zee Entertainment board to consider the EGM requisition put forth by Invesco Fund. Incidentally, Invesco Fund holds 17.88% stake in Zee Entertainmen

Birla Corp, the cement business of the MP Birla group, plans to undertake a massive expansion plan to double its cement manufacturing capacity to 30 million tonnes per annum (MTPA) by the year 2027. Its current cement capacity is 15.6 MTPA. Birla Cor

In an interesting development, the largest shareholder of Zee Entertainment, Invesco Fund, has moved the National Company Law Tribunal (NCLT). It has asked the NCLT to intervene and instruct the Zee board to call an Extraordinary General Meeting (EGM

With the end of the fiscal year 2021, about a whopping INR 99 trillion had been parked in the public sector banks in the form of fixed deposits earning an average of 5% interest. On the other hand, retail inflation averaged at approximately 6%. This

One of the reasons, the stock of HDFC Asset Management Company was down 5.51% on 29th September was the sale of 5% stake by Standard Life UK. The sharp fall in price was specifically because the seller had set the floor price for the sale at a discou

In its latest board meeting held on 28th September, the SEBI Chairman Ajay Tyagi announced a slew of changes to capital market regulations to expand the offering for retail investors and better protect their interest. One such move is the proposed fr

The stock of Gujarat State Fertilizers & Chemicals Ltd (GSFC) normally does not show too much movement in trading. On 28th September, GSFC started nearly 8-9% higher and touched a 52-week high of Rs.133.65. However, towards the close, the price d

Reliance Jio may have postponed the launch of its JioNext smart phones by 2 months due to chip shortage but it is putting the time to good use. In a move to enrich the digital ecosystem of Reliance Jio, it plans to acquire a stake in Glance InMobi fo

In the last couple of years there have been more than 25 cases of major broker defaults. There have been some high profile names like Karvy, Anugrah Broking, Arcadia Stocks, Bezel etc. In a number of these cases, the trading license was cancelled by

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Almost 73 years after Air India (formerly Tata Airlines) was taken away from the Tatas, the Tatas may be again chasing their dream of a consolidated national airline. The bidding for Air India is not over and Tata Group, Ajay Singh of SpiceJet and fe