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Adani Enterprises shares hit 52-week high after equity ₹1,435 crore changes hands in block deal
As many as 6.4 lakh retail shareholders or those with authorized share capital of up to ₹2 lakh, have a 3.07% stake in Adani Enterprises at the end of the March quarter.
Yen extends losses as stronger US inflation boosts Dollar
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Zydus Life Share Buyback: All you need to know as a shareholder
As many as 4.01 lakh retail investors, or those with authorized share capital of up to ₹2 lakh, had a 4.8% stake in Zydus Life at the end of the March quarter.
Buyback Alert: An important news for nearly 26,000 retail shareholders of this staffing solutions provider
Analysts are of the view that given the company's limited dividend payout history, the proposed buyback could emerge as a key mode of capital return to shareholders. The key monitorable would be the buyback size and the extent of promoter participation.
India's Capital Market Stocks Soar on Retail Boom; Risks Ahead - Whalesbook
India's Capital Market Stocks Soar on Retail Boom; Risks AheadWhalesbook
US dollar net speculative long positions drop sharply to seven-week low
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INR gives up 95 per US dollar mark yet again as oil prices spike
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Tata Consumer shares soar 7% after better-than-expected Q4 earnings. Here’s what Morgan Stanley & other top brokerages say
Tata Consumer Products shares rose sharply on Monday after strong Q4 earnings beat estimates. Consolidated net profit rose 21% YoY, supported by robust India-branded business performance. Brokerages including Morgan Stanley, Motilal Oswal and Elara Capital remain positive, projecting healthy growth, margin expansion and further upside for the FMCG major.
As India grows richer, banks will have to adjust to thinner margins: Indian Bank CEO
Indian Bank's chief Binod Kumar expects interest rates to rise and net interest margins to fall as India develops. He plans to raise capital for Expected Credit Loss norms and launch a wealth management business. The bank aims for strong growth in retail and MSME loans. Consolidation could help Indian banks achieve global scale.
Local legal eagles answer the 130-billion-dollar questions
Indian law firms are busier than ever, advising on thousands of deals worth billions. This activity spans mergers, private equity, and venture capital. Lawyers anticipate continued momentum this fiscal year and the next. Companies are using M&A for business rearchitecting and capability acquisition. Overseas acquisitions are also increasing, requiring strategic legal counsel.
US dollar index lingers around 98 mark
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INR settles higher as oil prices and DXY retreat from elevated levels
The Indian rupee pared initial losses and settled for the day on a positive note, higher by 23 paise at 94.26 (provisional) against the greenback on Thursday, as Brent crude and the US dollar index retreated from their elevated levels. The dollar index continues to linger under 98 mark for the second consecutive day as safe haven demand wanes amid improving prospects of a near term peace deal between US and Iran. Meanwhile, brent oil prices have fallen below USD 100 per barrel on a rise in investor risk appetite in global markets on hopes of peace between the US and Iran. However, factors such as unabated foreign capital outflows and safe-haven dollar demand from importers capped sharp gains for the rupee. Indian benchmark indices ended flat, with the Sensex falling 114 points to settle at 77,844.52 and the Nifty50 dipping 4.30 points to close at 24,326.65.