Latest Stock Market News

The local unit of South Korea’s Hyundai Motor, which sold just about half the number of cars Maruti Suzuki dispatched in fiscal 2021, has been closing in on the market leader in revenue and profitability over the last five years. Hyundai Motor India’s revenue rose 5% annually between FY16 and FY21, faster than Maruti Suzuki’s growth of 3.38%.

Srei group promoters are seeking stay on any insolvency proceedings at group companies Srei Infrastructure Finance Ltd and Srei Equipment Finance Ltd, whose board the regulator sacked and appointed an administrator.

The company, which houses consumer-centric digital businesses and competes with startups, had first offered management stock options to the founders of online grocery retailer BigBasket in which Tata Digital has picked up a majority stake.

​The decoupling of Bitcoin and stocks could revive one of the longstanding promises of cryptocurrencies heralded by their proponents -- that they can serve as a hedge to protect investment portfolios when equities sell off during times or turmoil.

Finance minister Nirmala Sitharaman on Wednesday said that countries, including India, have learnt their lessons from the previous taper tantrum, while assuring that the government and the RBI were keeping close tabs on situation.

The deal value will be closer to the $2.5 billion valuation VFS Global and its investors had sought when they launched a sale and a parallel IPO process in 2019. That move was aborted due to the pandemic.

Inter Scheme Transfer trades are excluded from the revised framework, Sebi said in a circular. The new norms will come into effect from December 1, 2021.

The issue will be for consideration other than cash, at par, for an aggregate value not exceeding Rs 1,000 crore on a private placement basis.

In London business, Macrotech Developers achieved a sales booking of Rs 1,450 crore in the September quarter.

In another transaction, Chhattisgarh Investments bought 1.8 million shares of Mercator at Rs. 1.7 apiece through a bulk deal on the NSE.