A decline in NASDAQ in the previous week has caused quite a stir among top tech stocks in the Indian stock market. Shares of listed startups feature tremendous pressure due to the negative bottom line and higher valuations, which has agitated investors’ sentiments. Now, amid the global stock market seizure, Indian investors are jittered. But …
On Thursday, the surplus funds with the banks suddenly dropped, which took the overnight call rate to the highest in 21 months. This is because the sudden drop in surplus funds forced banks to urgently borrow funds for the short term to meet their requirements. The excess funds with banks were at Rs 6.06 lakh …
Persistent Systems share price rose 6% during Friday’s early trade as the company reported a rise in its profit. According to the company’s latest financial reports, it recorded a massive 45.9% jump in profit that reached Rs. 176.3 crores. A year ago, its profit stood at Rs. 120.9 crores. Read on to know more details …
According to the NSO’s first advance estimates, India’s real gross domestic product (GDP) growth is estimated at 9.2% in 2021-22, which is lower than the 9.5% projection of the Reserve Bank of India and the International Monetary Fund. India’s economic growth may slow down to 9% in the current fiscal year due to the impact …
Today let’s look at the performance of some stocks post their trading. Given the volatility of the stock market and its corresponding ups and downs, we’re focussing on the fortunes of three stocks, Biocon, Tata Elxsi and Sterlite Technology. Get the details here! Biocon Surge Morgan Stanley has upgraded this stock of Biocon from overweight …
According to a company official, IPO-bound payment provider firm MobiKwik expects to report a 100% growth in revenue for the current fiscal year. The company’s COO and chairperson said that this MobiKwik IPO is a significant opportunity for the firm. She further added that MobiKwik would not launch its IPO during unstable market conditions and …
The Indian corporate sector witnessed a steady growth momentum in their earnings during quarter 3 of FY 2021. Compared to the previous financial year, both net profit and revenue expanded in double digits. Interested in knowing more about this topic? Read on. Growth Trend in Indian Companies Around 254 Indian companies have already announced their …
According to most analysts, Axis Bank is likely to report healthy financials for the quarter ending on 31 December 2021. Aided by various factors like modest loan growth, cost reduction and low base in the previous year, the lender is expected to show impressive growth in deposits and advances. In the same quarter of the …
Former Reserve Bank of India Governor Raghuram Rajan said that India should stop focusing on areas such as agriculture and manufacturing and should start considering other areas instead. Rajan takes a neutral stance and believes that India’s current state requires not being overly optimistic or overly pessimistic. Apart from addressing the various issues facing the …
A Close Look into the Matter According to Refinitiv, India’s investment banking industry has collected Rs. 2,200 crores through a series of big-ticket IPOs. The listing of some of the major Indian unicorns last year has enabled a massive increase in income. The fees that investment bankers collected from IPOs and share sale proceeds in …
