An Overview ReNew Power Pvt Ltd announced on Tuesday that it had finished a “business combination” with RMG Acquisition Corporation II of the United States. In February, ReNew Power revealed a partnership with RMG II, a blank-check business, offering India’s largest renewable power supplier a market capitalization of $8 billion and a NASDAQ listing. A …
The Indian capital markets saw a surge of Rs. 7,245 crores in net inflows, with foreign portfolio investors (FPI) dropping their cautious stance. The gradually rising investments are a result of an improving macroeconomic environment. According to the associate director – manager research of Morningstar India, Himanshu Srivastava, this indicates the investors’ higher conviction and …
Paytm is gearing up for one of the biggest IPOs of this year, which is estimated to be worth around Rs. 16,000 crores. Ahead of this initial public offering, several senior executives of the company have applied to convert their ESOP or Employee Stock Ownership Plan into the company’s shares. According to several reports, this …
An Overview The government and the Reserve Bank of India (RBI) were closely monitoring the impact of the US Federal Reserve’s interest rate hike, although domestic inflation was not a major issue at the moment because supply chain issues were being tackled, according to finance minister Nirmala Sitharaman. According to the finance minister, India was …
An Overview After two months of net selling, foreign portfolio investors (FPIs) turned net purchasers in June, injecting a net Rs. 12,714 crore into Indian markets. In May, foreign investors withdrew Rs. 2,666 crore, while in April, they withdrew Rs. 9,435 crore. FPIs invested Rs. 15,282 crore in equities between June 1 and June 25, …
An Overview At the aggregate level, companies reported exceptional sales and profit growth in the June quarter, rebounding from a poor base in the previous quarter, which was tarnished by a rigorous lockdown during the first wave of the pandemic. However, growing input costs put a strain on profitability. Furthermore, regional lockdowns caused by the …
Consumer price index-based (CPI) inflation is likely to have cooled off to a considerable manner in July, according to reports, and this may bring some cheer to the Reserve Bank of India, which has had to face the challenge of high inflation levels. The official release of the CPI inflation data for the month of …
IT behemoth TCS (Tata Consultancy Services) stock prices scaled new heights on 17 August 2021. The company has added over a percent in intraday trading on 17 August 2021. On BSE, TCS stocks were trading at a record high of Rs. 3520. The same was Rs. 3517.55 on NSE. The stock was upped by Rs. …
An Overview On August 25, Finance Minister Nirmala Sitharaman will meet with heads of public sector banks (PSBs) to assess the institutions’ financial performance and progress in supporting the economy hit by the pandemic outbreak. The meeting with the MDs and CEOs of PSBs is regarded as crucial because of the banking sector’s relevance in …
The IPO frenzy of 2021 continues to take the stock market by storm. Keeping the buzz alive, recently, more than 8 companies have filed their DRHP with the market regulator, SEBI. To elaborate, CMS Info Systems, Latent View Analytics, Ixigo, Go Colors, Tracxn Technologies Ltd, Paradeep Phosphates, and Prudent Corporate Advisory Services have filed their …
