Latest Stock Market News
Muthoot Finance gets RBI nod to open 150 new branches across IndiaUpdated at : 2022-07-05 09:40:03 Rate this item (1 Vote)The company plans to carry out branch expansion across South India and North India. Branch expansion will also aid in creating employment opportunities in the sector as the company plans to train and hire 600 more people to support this expansion. |
Tata Motors hopes to pay dividend soon: ChandraUpdated at : 2022-07-05 09:40:03 Rate this item (1 Vote)Tata Motors hopes to return to the list of dividend-paying companies soon. The flagship of the Tata Group has not paid dividends to its shareholders for the last five years. |
Tata Motors plans to sell half a million cars in FY-23, electric vehicle sales will cross one lakh units: N ChandrasekaranUpdated at : 2022-07-05 08:20:03 Rate this item (1 Vote)The company has plans of expanding the product portfolio to 10 electric vehicles by 2025 and he expects the share of EVs in total sales to rise to 25% in the next five years. |
TCS-Epic Systems Case: US Court confirms $140-million penalty on TCSUpdated at : 2022-07-05 08:20:03 Rate this item (1 Vote)The case dates back to 2014 when TCS was accused of stealing intellectual property from Epic Systems. |
Manipal's Pais look to raise $500 million, talks on with Barclays, Deutsche, DBS, Nomura & StanchartUpdated at : 2022-07-05 08:20:03 Rate this item (1 Vote)The proposed transaction is likely to value Manipal Hospitals at around ₹18,000 crore, said a second person. If the deal fructifies, it will yield a near three-fold return for the US PE firm on its seven-year-old investment. |
Trade deficit jumps to record $25.63 billion in JuneUpdated at : 2022-07-05 08:20:03 Rate this item (1 Vote)The trade deficit during the first three months of this fiscal year widened to $70.25 billion from $31.42 billion in the year-ago period, according to data released by the commerce and industry ministry. |
Gold inches down as U.S. bond yields bounce backUpdated at : 2022-07-05 08:20:03 Rate this item (1 Vote)Gold prices fell in the previous session on prospects of interest rate hikes from central banks that are trying to take on inflation, but managed to stay above the $1,800 price support level. Higher interest rates and bond yields raise the opportunity cost of holding non-yielding bullion. |
RBI approves merger of HDFC Bank with parent HDFC CorpUpdated at : 2022-07-05 07:20:02 Rate this item (1 Vote)“HDFC Bank has received a letter dated July 04, 2022 from the Reserve Bank of India whereby the RBI has accorded it’s ‘no objection’ for the Scheme, subject to certain conditions as mentioned therein,” the bank said in an exchange filing. Earlier HDFC Bank had stated that it has applied to the RBI seeking leeway to meet certain regulatory conditions. |
HDFC Bank reports tepid loan growth in Q1Updated at : 2022-07-05 07:20:02 Rate this item (1 Vote)"While Q1 is generally weak for the lending space, HDFC Bank QoQ growth was a tad softer leading to lower loan to deposit ratio which could be a drag on the net interest margins," said Gaurav Jani - research analyst at Prabhudas Lilladher. |
Ahead of Market: 10 things that will decide D-St action on TuesdayUpdated at : 2022-07-04 21:35:02 Rate this item (1 Vote)“The market is now showing signs of witnessing a decisive upside breakout of the important resistance of 15,900 levels in the next 1-2 sessions. A sustainable upmove above 15,900-15,950 is expected to pull the Nifty towards the next resistance of 16,300 in the short term. Immediate support is placed at 15,750,” he said |