News Overview

RBL Bank, Punjab National Bank, and IDFC First Bank shed around 7%. IndusInd Bank, Bandhan Bank, AU Bank, and Federal Bank were also under selling pressure.

Ideal Finance, a subsidiary of Mahindra & Mahindra Financial Services (Mahindra Finance/ MMFSL), today announced the rebranding of its company name to Mahindra Ideal Finance (MIFL). This rebranding will form the bedrock on which the two joint venture partners (Mahindra Finance and Ideal Group) will build the vision of making Mahindra Ideal Finance one of the leading licensed finance companies (LFC) in Sri Lanka. The […]

COMEX Gold futures surged today, breaking well above $1900 per ounce mark as possibility of a full fledged war between Russia and Ukraine raged on. Equities took a beating in Asia with Hang Seng losing more than 3% while Nikkei lost 1.8%. Shanghai Composite tumbled more than 2%. COMEX Gold futures are currently trading at 13 month high of $1941 per ounce, up 1.60% on […]

Tourism Minister to take up the GST rates issues of tourism, travel & hospitality with the Group of Ministers (GOM) evaluating the entire GST rates structure.

Dr. Reddys Laboratories declined 2.44% to Rs 4,096.45, extending its losing run to fourth consecutive trading session.

Record date is 05 March 2022

Piramal Enterprises on Monday, 28 February 2022, said that it will consider and approve the issue of secured, rated, listed, redeemable NCDs up to Rs 100 crore along with an option to retain oversubscription up to Rs 400 crore.

Birla Corporation Ltd, Elgi Equipments Ltd, WABCO India Ltd and Oil India Ltd are among the other gainers in the BSEs A group today, 24 February 2022.

The rupee remained in the band of 74.6860-75.2600/$1 so far in the day.

Bharat Forge has entered into a share purchase agreement for potential acquisition of 100% shareholding of JS Auto Cast Foundry India (JS Auto), a Coimbatore based casting and machining Company through its wholly-owned subsidiary – BF Industrial Solutions (BFISL). The completion of acquisition shall be subject to fulfilment of conditions precedent and in accordance with the terms agreed upon in the SPA. Powered by Capital […]