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HDFC Bank Market Cap Dipped by Rs. 44,000 Crore This Week: Here’s What You Need to Know

HDFC Bank Market Cap Dipped by Rs. 44,000 Crore This Week: Here’s What You Need to Know

26 July 2021

Last week, the stock exchanges saw some serious dips in the market valuations of 6 of its top 10 companies. Out of them, HDFC Bank stood out with the highest slag of Rs. 43,578.18 crores to stand at Rs. 797422.67 crores on Friday. Other companies like Hindustan Unilever Ltd., Reliance Industries Ltd., Kotak Mahindra Bank, …

Intel – Airtel Collaboration over 5G O-RAN Deal in India

Intel – Airtel Collaboration over 5G O-RAN Deal in India

26 July 2021

On 21 July 2021, Bharti Airtel announced its collaboration with Intel to accelerate India’s 5G network rollout. They plan to leverage vRAN (virtualised Radio Access Network) and O-RAN (Open Radio Access Network) to transform Airtel’s network and provide their customers with the benefits of next-gen technologies. As members of the O-RAN Alliance, Airtel and Intel …

Clean Science & Technology Ltd. shares to list today: Here’s what to expect

Clean Science & Technology Ltd. shares to list today: Here’s what to expect

20 July 2021

Clean Science & Technology Ltd. will list its IPO shares on the NSE and BSE today. The company is one of the leading India-based chemical manufacturers. It primarily deals with Pharmaceutical Intermediates, Performance and FMCG chemicals. Clean Science exports its productions to various international markets and has collected 69% revenues through export in 2020. The …

HDFC Bank’s first-quarter profit jumps 16.1% to Rs. 7,730 crores, but it falls short of Dalal Street expectations

HDFC Bank’s first-quarter profit jumps 16.1% to Rs. 7,730 crores, but it falls short of Dalal Street expectations

20 July 2021

An Overview of HDFC Q1 On Saturday, HDFC Bank reported a 16.1% increase in standalone net profit to Rs. 7,729.60 crores, up from Rs. 6,658,60 crores in the same quarter last year. The earnings number fell short of investors’ expectations. The second wave of pandemic disrupted business operations for about two-thirds of the quarter, resulting …

Cash is king? India Inc looks to tap into growth opportunities

Cash is king? India Inc looks to tap into growth opportunities

22 July 2021

Even as the quarterly earnings season (Q1 FY22) for India’s corporates is underway the spotlight is on the cash holdings of these firms. News reports suggest that the total cash and bank balance of over 300 firms in the BSE-500 universe, barring banks and financials, grew at the fastest pace in a decade in FY …

India builds $610bn forex buffer to meet challenge from US Fed stance

India builds $610bn forex buffer to meet challenge from US Fed stance

15 July 2021

India’s foreign exchange reserves have grown to over $610 billion, on the back of foreign direct investments and the inflow of foreign institutional or portfolio investors into the stock markets, which have seen a sustained bull run over the past year. According to the Reserve Bank of India (RBI) data, for the week ended July …

In June, India Inc. doubled its overseas direct investment to $2.8 billion

In June, India Inc. doubled its overseas direct investment to $2.8 billion

22 July 2021

An Overview In the first two months of the current fiscal year, India continued to garner significant foreign direct investment inflows. Inflows increased in April-May compared to the same period last year. However, a third of the inflows were due to secondary market purchases of shares rather than company investments in facilities, allowing the country …

Gold Prices Surge in Under a Week

Gold Prices Surge in Under a Week

8 July 2021

A Brief Overview The price of gold has witnessed a surge within a limited time frame as is evident from the fact that gold rates across the globe have consistently hovered near a 3-week high. This scenario was aided by a fall in U.S. Treasury yields. Examining the Scenario Tuesday saw the prices of gold …

FPIs withdraw Rs. 4515 crores from the Indian equities segment in July

FPIs withdraw Rs. 4515 crores from the Indian equities segment in July

20 July 2021

As per data published by depositories, Foreign Portfolio Investors (FPI) have withdrawn net investments worth Rs. 4515 crores in the first half of July 2021. Accordingly, it appears that they are moving towards the Indian market with caution. That said, they had taken an aggressive approach in the first three months of this year before …

G-SAP 2.0: RBI’s second open market purchase of govt. securities on July 22

G-SAP 2.0: RBI’s second open market purchase of govt. securities on July 22

20 July 2021

RBI announced the second tranche of acquiring government securities on 15 July under the Government Securities and Acquisition Programme 2.0 or G-SAP 2.0. According to this announcement, RBI will purchase securities worth Rs. 20,000 crores on 22 July. The auction results will be available on that date itself. Moreover, applicants will receive their securities in …

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