Indian Hotels Company Limited, a subsidiary of Tata, has announced that it has acquired over ₹165 crores worth of 3.3 lakh equity shares through a rights issue in its wholly-owned subsidiary, ELeL Hotels and Investments Limited. This strategic investment is seen as a significant move in bolstering the company’s portfolio in the hospitality sector. Understanding ...
The Reserve Bank of India (RBI) is actively exploring the possibility of allowing foreign banks to hold a 26% stake in local banks as part of its ongoing evaluations of the existing banking policies. This statement was made by the RBI Governor, who emphasized the need for a thorough investigation into whether such a policy ...
The recent announcement concerning the Tata Group company has captured the attention of investors and market analysts. Prior to the declaration, the company’s shares witnessed a notable increase of 1.46%, closing at ₹703.80 on the National Stock Exchange (NSE) on Monday. This upward trend is significant, especially given the interest from prominent investors. Investor Insight ...
The performance of stocks can be an essential indicator of a company’s health and market standing. In the case of certain shares, the growth rates seen over various time frames reveal a significant upward trajectory. Below, we’ll explore the remarkable returns provided by this stock over periods of six months, one year, and five years, ...
The textile sector in India has witnessed a significant uptrend, particularly in the realm of penny stocks. One such noteworthy stock is Padam Cotton Yarns Limited, which has been gaining traction among investors due to its rising demand. On the last trading day of the week, specifically Friday, the stock experienced a 2% upper circuit, ...
The net direct tax collection in India has experienced a notable decline in the current financial year. According to a report released by the Income Tax Department on Friday, the net direct tax collection has amounted to ₹5.63 lakh crore as of July 10 this year. This decline prompts an analysis of the underlying factors ...
In the April to June quarter, the financial performance of IREDA (Indian Renewable Energy Development Agency) has shown significant fluctuations with a reported profit decline. Despite the decrease in profits, investor sentiment reflected some optimism as demonstrated in the stock performance. IREDA’s Financial Performance Overview Profit Decline Analysis IREDA’s profit for the quarter has fallen ...
In recent discussions, India’s Finance Minister has emphasized the importance of strict adherence to the loan recovery norms set by the Reserve Bank of India (RBI) for Non-Banking Financial Companies (NBFCs). This call to action aims to ensure responsible lending practices that protect consumers while maintaining the stability of the financial sector. The Role of ...
On May 20, a significant strike was initially planned, but due to the terror attack in Pahalgam and the subsequent Operation Sindoor, it was postponed. The strike is now scheduled for July 9, and it is expected to disrupt various services, particularly in the banking sector. Overview of the Strike The decision to hold the ...
On April 22, an unprecedented terrorist attack occurred in Pahalgam, escalating tensions between India and Pakistan and triggering a decisive response from the Indian military known as ‘Operation Sindoor.’ The subsequent geopolitical unrest sparked a significant reaction in the financial markets, resulting in a pronounced downturn on May 8, when the Nifty 50 index plummeted ...