Latest Stock Market News

Industry executives and analysts said the next financial year will be a phase of transition for the telecom operators where they will focus on not only covering as much of the country as possible but also fine-tuning their network structure and encouraging consumer habit formation.

Newly floated FMCG flagship Reliance Consumer Products (RCPL) said it intends to enter the entire spectrum of domestic, household and consumer goods such as pharmaceuticals, food products and beverages, agri- and non-agricultural produce, commodities, educational, raw, processed and commercial products. The filing was made to the Registrar of Companies.

To be sure, deposit and lending rates in real terms are much lower than pre-pandemic levels, according to the Reserve Bank of India’s (RBI) monetary policy committee member Rajiv Ranjan.

Lenders led by Canara Bank have received close to ₹1,300 crore as part of their dues from Infrastructure Leasing & Financial Services (IL&FS) in what is a second payout from the defunct infrastructure financier.

Five banks, including BoI, have total receivables of ₹600 crore from the company that has been classified as a non-performing asset by banks. "The case has been filed in the NCLT pending admission. There was no other recourse since the company is bleeding and no resolution is in sight," said a person aware of the process.

Led by businessman Nikhil Merchant and his family, Swan Energy partnered Hazel Mercantile through a special purpose vehicle - Hazel Infra - to acquire RNEL, the largest shipyard in the country. In December, the National Company Law Tribunal approved its ₹2,100-crore bid for RNEL, which will be renamed Swan Heavy Industries.

Private jets, helicopters, high-end electronic items, plastic goods, jewellery, high-gloss paper and vitamins are among items that are on the list prepared by the government.

The decision was taken late Friday night at the committee of creditors (CoC) meeting to review offers received from the Hinduja Group and Torrent Investments. Lenders fixed the threshold price of ₹9,500 crore on a net present value (NPV) basis, which includes ₹8,000 crore as minimum upfront cash payment, the people said. finan

On the other hand, Ethereum also consolidated marginally with momentum on Thursday. However, despite a small drop, sentiment remains somewhat bullish as ETH continues to trade above the US$1,250 level. Other major cryptocurrencies also spend much of this week in a similar trend to BTC and ETH

Nifty has witnessed aggressive short build-up in the last few sessions as Nifty near month OI increased by almost 15 lakh shares in last week. Keeping the view of rebound in the market as it is trading near its December lows of 17800. We feel traders should take protected strategies like Collar Spread where risk will be limited.