Trending Reliance Loses Crown To HDFC Bank in the NIFTY 50 In other news, Reliance Industries Limited (RIL) has lost its position to HDFC Bank in terms of weightage in the NIFTY 50. HDFC Bank stocks have been rallying despite an RBI report on a possible spike in Gross NPAs. What led to the events? Let’s find out. Written by marketfeed Team January 13, 2021April 21, 2022
Trending LIC Ups Stake In 68 Stocks, Enters into 14 Stocks in September Quarter The Life Insurance Corporation of India (LIC), the biggest Domestic Institutional Investor (DII) which is also planning an initial public offering, made a lot of changes in its portfolio in the September quarter this year. During the first half of FY2021, the value of LIC’s holding surged over 40 percent, or by USD 22 billion […] Written by marketfeed Team December 8, 2020April 21, 2022
Trending The $113 Billion Tata Group faces Tough Decisions Over Their Airlines Tata Group’s two airlines – AirAsia India and Vistara, were struggling before the coronavirus pandemic. Tata Sons owns a 51% stake in each airline. “The Tata’s are caught between a rock and a hard place,” said Mukund Rajan, a former member of the group’s executive council who’s now the chairman of an investment advisory firm […] Written by marketfeed Team December 7, 2020April 21, 2022
Trending Yes Bank and 4 more stocks to be converted from Mid Cap to Large Cap By 5th Jan 2021, AMFI (Association of Mutual Funds in India) is expected to release a fresh list for categorization of stocks into large caps, midcaps, and small caps. Large-cap refers to a company with a market capitalization of more than Rs 20,000 crores. Mid-cap is denoted to companies with a market capitalization between Rs […] Written by marketfeed Team December 7, 2020April 21, 2022
Trending Walmart prepares for $10 Billion Flipkart IPO Walmart is reportedly getting ready to float a $10 billion (~ Rs 73,000 crores) Flipkart IPO in the US. Walmart has hired Goldman Sachs to carry out the works for the IPO, which could value Flipkart at $40 billion (~Rs 2,92,000 crores). This would make it the largest IPO by any Indian company on an […] Written by marketfeed Team December 7, 2020April 21, 2022
Trending Reliance – Future Retail Deal: SEBI waits for more clarification SEBI asked for some clarification on Rs 24,713 crore rupees deal between Reliance and Future Retail, where Reliance will acquire the assets of the Future Group. In an update on November 27, SEBI said that they are waiting for a reply on the scheme of arrangement between Future Group and Reliance Group companies. Scheme of […] Written by marketfeed Team December 4, 2020April 21, 2022
Trending What is Digital 2.0 initiative by HDFC Bank which was recently halted by RBI? HDFC Bank, India’s leading private sector bank is coming up with a program under its new CEO Sashidhar Jagadhishan, aiming to provide seamless banking experience with its facilities. Digital 2.0 is essentially about re-imagining our digital platforms providing the customer with a frictionless financial experience. The objective is to move the customers from a single […] Written by marketfeed Team December 4, 2020April 21, 2022
Trending RBI keeps Repo Rate Unchanged at Record Low of 4% The RBI’s Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 4%, which the lowest in the record. It has so far slashed the policy rate by 115 basis points this year. Highlights of the Committee Meeting : RBI sees a GDP contraction of 7.5% for the Financial Year 2021. Recovery in […] Written by marketfeed Team December 4, 2020April 21, 2022
Trending HDFC Bank share price falls after RBI restricts digital launches and issuance of credit cards to customers The Reserve Bank of India (RBI) has asked HDFC Bank to temporarily stop sourcing new credit cards and also stop the launch of its digital business generating activities planned under Digital 2.0 and other proposed business generating IT applications. The restriction comes after facing a series of technical issues at the primary data center of the bank. […] Written by marketfeed Team December 3, 2020April 21, 2022
Trending Good News for Indian IT firms, US Court stays change in H-1B Visa Rule US Court has ruled against two H-1B visa regulations proposed by the Donald Trump administration that restricted companies from hiring foreign employees. The rule which had been thrown out by the court includes restricting employees from other countries to work in their country, limiting the qualification criteria for H-1B visa workers and also reducing the […] Written by marketfeed Team December 3, 2020April 21, 2022
Trending Pfizer-BioNTech Vaccine Gets Approval in UK UK has become the first country to license a vaccine against Covid-19. Pfizer’s vaccine had a 95% efficacy rate from their clinical trials and it has now been authorised for emergency use by the Medicines and Healthcare Products Regulatory Authority (MHRA). The MHRA in UK was given the power to approve the vaccine by the […] Written by marketfeed Team December 2, 2020April 21, 2022
Trending Vodafone Idea increases Postpaid Tariffs Vi has increased their prices of Rs 598 and Rs 749 postpaid plans. The third largest telecom company in India has increased their prices of two postpaid plans by Rs 50. Considering their financial condition it is necessary for them to increase their Average Revenue Per User (ARPU). The ARPU of Vi is Rs 119 […] Written by marketfeed Team December 2, 2020April 21, 2022
