The markets have been rife with expectations of ONGC taking a stake in HPCL eventually culminating in a full-fledged merger of ONGC and HPCL. In his Budget speech, Arun Jaitley had spoken at length about creating an oil behemoth which could take on the global oil giants in terms of size and influence. So how …
As commodity exchanges throughout the world battle the unprecedented impact of coronavirus, India exchanges have not remained untouched with the ongoing fiasco. Commodity traders all over the world will never forget the day when crude oil prices fell below zero for the first time in history. That sent everyone into a panic and some brokers …
HCL Technologies posted an 8.5% sequential rise in consolidated PAT (Profit after Tax) to Rs. 3214 crores in the first quarter of June 2021. The IT services major reported a 2.2% on-quarter rise in consolidated revenue to Rs. 20068 crores, a number slightly below most market analysts’ expectations. On a full yearly basis, HCL Tech’s …
The G20 Summit, as we know, is going to be held in India this month. Not only are market participants showing interest in this summit, but even common people are expressing excitement about it. India, being the leader of the G20 group of countries, helps maintain and strengthen relationships with other countries around the globe …
The condition of Vodafone-Idea Ltd. (VIL) shows no sign of improvement, and its survival remains uncertain. With total gross debt at an estimated Rs. 1.8 lakh crores as of 31 March 2021, the Government of India and several PSU banks stand to take a massive loss. Eight top banks of the country have high exposure …
An Overview Last week, six of the ten most valuable domestic firms increased their market capitalization by a total of Rs. 69,611.59 crores, with Reliance Industries leading the gainers’ chart. Reliance Industries, HDFC Bank, State Bank of India, ICICI Bank, and Kotak Mahindra Bank were among the top-10 gainers, while Tata Consultancy Services, Infosys, and …
An Overview Last week, six of the ten most valuable firms gained Rs 1,18,383.07 crore to their market capitalisation, with RIL contributing the most. The 30-share BSE benchmark has gained 619.07 points, or 1.03 percent, in the last week. The gainers were RIL, Bajaj Finance, HDFC, TCS, Infosys, and Kotak Mahindra Bank, while the losers …
On 20 September 2021, Monday, Kotak Mahindra Bank revealed that it would buy a 9.98% stake in Hyderabad-based KFin Technologies. The financial institution will fund the deal via a cash consideration of approximately Rs. 310 crores. That said, this transaction is contingent on the usual closing conditions. As per reports, the deal is likely to …
The largest lender, SBI, has released its quarter2 performance report. It is creating quite a wave in the market since the banking sector is one of the worst-hit segments amid COVID-19 outbreak. SBI Q2 results show 52 percent hike in net profit. Although the profit margin was less from quarter one that ended in June, …
There’s been some good news on the stock exchange lately, just before the weekly options and monthly derivatives expiry. Sensex went up 185 points to 61,535. Meanwhile, NSE Nifty gained 62 points and stayed static at 18,330 points. Let’s take a look at the big gainers and losers in the trade. The Big Three Winners …
