On 18 June 2021, HDFC Bank declared a dividend of Rs. 6.5 per share (650% on the face value of Re. 1) for the year ended 31 March 2021. However, the proposal is up for shareholders’ approval at the Annual General Meeting scheduled on 17 July 2021. If shareholders approve this recommendation, the expected date …
The glimpse provided in the Union Budget of the financial year 2021-22 is now on the verge of realisation – NITI Aayog has submitted its report containing the name of two banks ready for privatisation. In her Budget speech, the honourable Finance Minister, Nirmala Sitharaman, reflected on the government’s plan to privatise two public-sector banks …
Paytm is obtaining stakeholders’ approval to liquidate nearly Rs. 120 billion in new stock. If the Indian digital-first payments firm gets the nod from shareholders, this could turn into South Asia’s biggest IPO to date, worth a whopping $1.6 billion. This firm has the backing of Japan’s SoftBank (18.73%), Elevation Capital (17.65%), and China’s Alibaba …
The Securities Appellate Tribunal (SAT) set aside SEBI’s directions pertaining to the voting rights of PNB Housing’s stakeholders this Monday. This regulatory body allowed PNB Housing Finance to move ahead with its extraordinary shareholder’s meeting, which is scheduled for Tuesday. The topic of discussion for this said meeting is regarding the proposal of Rs. 4,000 …
On June 21, India’s largest car manufacturing company, Maruti Suzuki, announced increasing its vehicle prices, prompted by a surge in various input costs. This is the fourth time the Gurugram-based company has undertaken a hike this year. The first Maruti Suzuki price hike was announced in January, whereas the other two were revealed in April. The …
As the global economy recovers from the impact of the pandemic, demand for crude oil is set to rise. Wall Street believes that the rally in prices has enough potential to move up in the near future. Francisco Blanch, the commodities strategist of Bank of America, stated in a research note that oil might hit …
Capital markets regulator SEBI is considering a proposal to allow foreign portfolio investors or FPIs to trade commodity futures that have been listed on the exchanges. The regulator met top commodity trading firms with an international standing and FPIs in other markets and bourses to seek opinions on the subject. Foreign companies are not allowed …
On Friday, June 18, gold prices climbed, imitating gains in international markets as investors made the most of buy-the-dip opportunities. As a result, gold futures on the Multi Commodity Exchange surged 1% to Rs. 47,387 per 10 grams. On the other hand, silver futures surged to Rs. 68,440 per kilogram, representing a 1.24% increase. In …
On June 14, Monday, the NSDL website showed three FPI accounts related to Adani enterprises on the frozen account list. Entailing its publication in major news portals, Adani Group’s market capitalisation fell by almost $15 billion. These three Mauritius-based funds together held shares worth around Rs. 43,500 crores in four Adani group companies and are …
The Department of Promotion of Industry and Internal Trade (DPIIT) has indicated the government’s decision to increase Foreign Direct Investment (FDI) threshold in the Indian insurance sector to 75% from 49% (2015). This statement was a result of poor density and penetration in the country’s indisposed insurance sector. What led to this announcement? According to …
