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Category: Financial Market

  • In April, auto retail sales increased 37% due to a low Covid-hit base impact

    Automotive retail sales in India surged by 37% in April on a low base of COVID-affected April last year, according to the automobile dealers’ group FADA on Thursday. Total sales across all categories increased to 16,27,975 items in April, up from 11,87,771 units the previous year. When compared to April of last year, all vehicle […]

    May 5, 2022

  • The selling of a private bond to Apollo Global nets the Mumbai airport $750 million

    After delaying a scheduled note offering, Mumbai International Airport Ltd. has raised $750 million through a private bond sale to Apollo Global Management Inc. According to a stock exchange notification, the operator of India’s No. 2 airport, which is controlled by the country’s richest man, issued 7.25-year dollar notes to Apollo-managed funds to refinance current […]

    May 4, 2022

  • ZEPTO HAS RAISED $200 MN TO DEVELOP ITS 10-MINUTE DELIVERY SERVICE THROUGHOUT INDIA

    Zepto, a rapid commerce startup founded by two 19-year-old Stanford dropouts nine months ago, has raised $200 million in a Series D funding round, valuing the company at about $900 million. Zepto intends to use the funds to expand 10-minute grocery delivery across the country and continue to grow responsibly. Y Combinator Continuity doubled in […]

    May 3, 2022

  • As Facebook’s user base grows again, Meta Platforms’ stock rises 19%

    Meta Platforms, the parent company of Facebook, saw its stock rise as much as 19% on Thursday after the company reported that its main platform added more users than expected in the first quarter, assuaging concerns that the company is losing steam as a new generation flock to younger sites like TikTok. Meta announced on […]

    April 29, 2022

  • Profit-booking in banking, financial, and IT stocks has sent the indices back into the red

    After a recent rise, the Sensex and Nifty50 stock indices fell roughly 1% on Wednesday due to profit-booking in banking, financial, and IT firms. The 30-stock BSE Sensex fell 537.22 points, or 0.94 percent, to 56,819.39, as 24 of its constituents fell. It fell 772.57 points, or 1.34 percent, during the day, reaching a low […]

    April 28, 2022

  • After Q4 earnings, Bajaj Auto shares fell over 2% to Rs 3,804.80 on the BSE.

    Bajaj Auto’s stock fell over 2% in early Thursday trade after the business reported a 2% drop in consolidated net profit for the fourth quarter ended March 2022. On the BSE, Bajaj Auto shares fell 2.58 percent to Rs 3,804.80. The stock fell 2.57 percent to Rs 3,805 per share on the NSE. Bajaj Auto […]

    April 28, 2022

  • Reliance Industries has become the first Indian business to have a market capitalization of Rs 19 trillion

    After reaching a new high, Mukesh Ambani’s Reliance Industries Ltd (RIL) became the first Indian listed firm to have a market capitalization of Rs 19 trillion. In an otherwise sluggish market, the stock set a record high of Rs 2,827.10, up 2% on the BSE in intraday trade on Wednesday. RIL’s market capitalization was Rs […]

    April 27, 2022

  • In early trade, the rupee fell 16 paise to 76.72 against the US dollar.

    In early trade on Wednesday, the rupee fell 16 paise to 76.72 against the US dollar, driven down by the greenback’s strength and continuous foreign fund outflows. The rupee opened at 76.69 versus the dollar on the interbank foreign exchange, before losing ground to quote at 76.72, a drop of 16 paise from the previous […]

    April 27, 2022

  • India’s foreign exchange reserves fall for fifth straight week

    India’s foreign exchange reserves continued its fall for the fifth straight week as the Reserve Bank of India appears to be selling dollars from its coffers to prevent sharp depreciation of the rupee amid a surge in global crude prices. The reserves fell by $2.471 billion in the week to April 8 to $604.004 billion, […]

    April 18, 2022

  • Sebi penalises NSE, BSE for laxity in Karvy Stock Broking case

    India’s markets regulator on Tuesday fined BSE Rs 3 crore and the National Stock Exchange (NSE) Rs 2 crore for “laxity” in detecting misconduct by Karvy Stock Broking (KSBL). The Hyderabad-based brokerage misused securities worth Rs 2,300 crore belonging to more than 95,000 clients by pledging them without authorisation, said the Securities and Exchange Board of India (Sebi). The […]

    April 13, 2022

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