In its meeting held on 05th May 2023, the board of directors of Piramal Enterprises Ltd (PEL) has approved an Interim Dividend pay-out of ₹31/- per equity share of face value of ₹2/- each. For the purpose of interim dividend eligibility, the reco

It was long coming and the order finally came on June 12, 2023. The Securities and Exchange Board of India (SEBI), issued an interim order barring the two promoters of Essel group viz. Subhash Chandra and Punit Goenka from holding any key managerial

On June 12, 2023, the MOSPI announced the all important CPI inflation data and the index of industrial production (IIP) data. While IIP captures the growth in industrial output, the CPI inflation captures the change in consumer prices. Obviously, the

In its meeting held on 08th May 2023, the board of directors of Canara Bank Ltd has approved an Interim Dividend pay-out of ₹12/- per equity share of face value of ₹10/- each. For the purpose of interim dividend eligibility, the record date has b

In its Board Meeting held on 27th May 2023, the board of directors of Power Finance Corporation (PFC) Ltd has approved an Interim Dividend pay-out of ₹4.50/- per equity share of face value of ₹10/- each. For the purpose of interim dividend eligib

New fund offerings (NFOs) are a regular offering from the various mutual fund houses. In the last few months, the practice of companies tapping the Indian investors through NFOs has picked up once again. While most of the NFOs typically focus on inde

The 3-day RBI Monetary Policy Committee (MPC) meeting, which commenced on 06th June 2023, will conclude on 08th June 2023. When the RBI announces the policy statement on 08th June, the big question is what will the central bank do on rates? The last

In a circular dated 06th June 2023, the National Stock Exchange (NSE) announced a shift in the F&O contract expiry schedule for the Bank Nifty F&O contracts. This will result in a change in the futures expiry and the options contract cycle fo

For the week commencing on 05th June 2023, there are 8 NFO or new fund offerings of mutual funds available for investors. These funds range from a wide spectrum of active equity, passive equity, commodity, and multi-asset funds. Here is a quick look

When the GDP data for the fourth quarter and for FY23 was announced, it came in better than expected. At 6.2% for the fourth quarter and 7.2% for FY23, the growth was much better than expected. Clearly, the Indian economy grew at a much faster pace t

India had made grand plans to foray into the big ticket area of chipmaking. However, these plans are likely to face some real problems in the months ahead. As now two big chip plans in India running into billions of dollars are virtually on hol

About 4 years back, just ahead of the pandemic, Sun Pharma made a very big bet. It made a bet that its multi-billion dollar bet on specialty drugs in the US market would pay off. Back then, not too many investors were convinced. Their view was that e