News Overview

Tata Steel has on 05 April 2022, executed a Share Purchase Agreement with Steel Authority of India (SAIL) for acquisition of the entire equity stake of SAIL (50%) held in S&T Mining Company (S&T Mining). On completion of the acquisition, S&T Mining (presently a Joint Venture between SAIL and the Company), will become a wholly owned subsidiary of the Company. Powered by Capital Market – […]

Godrej Consumer Products advanced 2.29% to Rs 770 after the company said that it expects to deliver a higher than mid-single-digit sales growth for the quarter ended 31 March 2022.

In Godrej Africa, USA, and the Middle East, it expects to deliver a constant currency sales growth close to the mid-teens.

At home, selloff in banking, auto, financial, IT, consumer durables and metal stocks pushed benchmarks Sensex and Nifty 50 off the cliff.

FPIs sold $5.38 billion in Indian equities in Mar-22. This takes the total FPI selling in last 3 months to $14.50 billion and over $20 billion in the last 6 months. Obviously, sectors witnessing buying would be limited, but there were still some sectors that got the FPIs interested during March 2022.

Adani Transmission Ltd has added 19.58% over last one month compared to 19.58% gain in S&P BSE Utilities index and 10.99% rise in the SENSEX

Singh took charge of the office of Mr. Mandeep Mehta as he decided to move on to pursue other career options.

Australias trade surplus declined sharply to AUD 7.46 billion in February from a downwardly revised AUD 11.79 billion in the previous month. This was the smallest trade surplus since March 2021, largely due to a surge in imports. Exports of goods and services from Australia edged up 0.2 percent month-over-month to AUD 48.77 billion in February 2022, amid sluggish foreign demand due to worrying geopolitical […]

The US share market finished down for second straight session on Wednesday, 06 April 2022, on fears about the outlook for monetary policy after minutes from the Federal Reserves March meeting showed the Federal Reserve plans to tighten monetary policy more aggressively than previously anticipated. The Fed released the minutes of its March meeting, which showed that the meeting featured a continued discussion about reducing […]

This consideration is in addition to the receipt of Rs250 crore as dividend from IDFC AMC in March 2022.