Equity Mutual Fund Inflows Hit 10-Month Low in August – Top Indian Market Updates Here are some of the major updates that could move the markets on Monday: Equity mutual fund inflows hit 10-month low in August Data released by the Association of Mutual Funds in India (AMFI) showed that Inflows into equity mutual funds fell 31% YoY to ₹6,119.58 crore in August. Investors continued to withdraw money amidst […] Written by Cherian Varghese September 9, 2022September 12, 2022
Marico Eyes ₹850-1,000 crore Food Business by FY24 – Top Indian Market Updates Here are some of the major updates that could move the markets on Monday: Marico eyes ₹850-1,000 crore food business by FY24 with Saffola brand Marico Ltd will continue to expand its healthcare brand Saffola as it aspires to build an ₹850-1,000 crore business from its food portfolio by FY24, said MD & CEO Saugata […] Written by Cherian Varghese August 26, 2022August 29, 2022
Future Enterprises Faces 2nd Plea to Initiate Insolvency – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Future Enterprises faces second plea to initiate insolvency Debt-ridden Future Enterprises is facing a second insolvency plea filed by an operational creditor before National Company Law Tribunal (NCLT). The latest petition was filed by Retail Detailz India, claiming a default of ₹4.02 […] Written by Cherian Varghese August 24, 2022August 25, 2022
Adani Group Gets SEBI Nod for Open Offer to Buy Stake in ACC, Ambuja – Top Indian Market Updates Here are some of the major updates that could move the markets on Monday: Adani Group gets SEBI nod for open offer to buy stake in ACC and Ambuja The Adani Group has made offers of Rs 385 per share for Ambuja Cements and Rs 2,300 a share for ACC. The company intends to buy […] Written by Maarg Vaidya August 19, 2022August 22, 2022
Hindalco Posts 48% YoY Rise in Net Profit in Q1 – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Hindalco Industries Q1 Results: Net profit rises 48% YoY to Rs 4,119 crore Hindalco Industries reported a 48% YoY increase in consolidated net profit to Rs 4,119 crore for the quarter ended June (Q1 FY23). This is the highest-ever quarterly profit figure […] Written by Cherian Varghese August 10, 2022August 10, 2022
RBI Bars Paytm Payments Bank From Onboarding New Customers – Top Indian Market News RBI bars Paytm Payments Bank from onboarding new customers Reserve Bank of India (RBI) has directed Paytm Payments Bank (PPB) to stop onboarding new customers with immediate effect. The central bank has cited serious supervisory concerns observed in the bank. RBI has also directed PPB to appoint an audit firm to conduct a comprehensive audit […] Written by marketfeed Team March 11, 2022April 21, 2022
Reliance to Step Up Fuel Exports to Europe – Top Indian Market News Reliance Industries to step up fuel exports to Europe As per reports, Reliance Industries Ltd’s Jamnagar facility is lifting crude processing and deferring planned maintenance to take advantage of surging demand for diesel in Europe. RIL is already sending shipments of the fuel to Europe. The complex in Gujarat can process 1.36 million barrels of […] Written by marketfeed Team March 9, 2022April 21, 2022
JSW Steel Output Grows 21% YoY in Feb – Top Indian Market News JSW Steel output rises 21% YoY to 1.58 MT in Feb JSW Steel Ltd registered a 21% year-on-year (YoY) increase in crude steel production to 1.58 million tonnes (MT) for February 2022. The JSW Group firm’s steel output stood at 1.31 MT in February 2021. The company’s production of flat-rolled products rose 25% to 1.15 […] Written by marketfeed Team March 8, 2022April 21, 2022
India’s GDP Grows 5.4% in Q3 – Top Indian Market News India’s GDP grows 5.4% in Q3 India’s gross domestic product (GDP) grew by 5.4% in the December quarter (Q3 FY22), lower than 8.4% growth in the previous quarter (Q2 FY22). The agricultural sector grew at 2.6% in Q3 FY22, compared to 3.7% in Q2. The mining sector grew 8.8% in the October-December quarter of FY22, […] Written by marketfeed Team February 28, 2022April 21, 2022
Hero MotoCorp, BPCL to Set Up EV Charging Infra – Top Indian Market News Hero MotoCorp partners with BPCL to set up EV charging infra across India Hero MotoCorp has partnered with Bharat Petroleum Corp Ltd (BPCL) to set up charging infrastructure for electric two-wheelers across India. The two entities will first establish a substantial charging infrastructure within the existing nationwide energy station network. They may broaden the collaboration […] Written by marketfeed Team February 22, 2022April 21, 2022
ED Conducts Raids at Indiabulls Finance Centre – Top Indian Market News ED conducts raids at Indiabulls Finance Centre in Mumbai The Enforcement Directorate (ED) conducted raids at Indiabulls Finance Centre in Mumbai. The search was based on an Enforcement Case Information Report (ECIR) registered by ED under the Prevention of Money Laundering Act, 2002 (PMLA) against Indiabulls Housing, promoter Sameer Gehlaut, and other related companies and […] Written by marketfeed Team February 21, 2022April 21, 2022
Vedanta to Invest up to $20B in Semiconductor Biz – Top Indian Market News Vedanta to invest up to $20 billion in semiconductor business in India Vedanta Ltd has earmarked $15 billion for its foray into the electronic chip and display manufacturing space. The conglomerate plans to scale up the investment to as much as $20 billion (~Rs 1.49 lakh crore). Vedanta’s group firm Avanstrate will spearhead the semiconductor […] Written by marketfeed Team February 18, 2022April 21, 2022
