Market News Top 10 News Piramal Group Completes Acquisition of DHFL – Top Indian Market News Piramal Group completes acquisition of DHFL for Rs 34,250 crore Piramal Enterprises Ltd (PEL) has completed the acquisition of Dewan Housing Finance Corp Ltd. (DHFL) for a total consideration of Rs 34,250 crore. This includes an upfront cash payment of Rs 14,700 crore and issuance of debt instruments worth Rs 19,550 crore (10-year NCDs at […] Written by marketfeed Team September 29, 2021April 21, 2022
Market News Top 10 News HDFC Bank Partners With NSIC to Offer Credit Support to MSMEs – Top Indian Market News HDFC Bank partners with NSIC to offer credit support to MSMEs HDFC Bank has signed a Memorandum of Understanding (MoU) with National Small Industries Corporation (NSIC) to offer credit support to micro, small, and medium enterprises (MSMEs) across India. The private sector lender will provide MSMEs with schemes to enhance their competitiveness. HDFC Bank will […] Written by marketfeed Team September 7, 2021April 21, 2022
Market News Top 10 News India’s GDP Likely to Grow at 18.5% in Q1, says SBI Report – Top Indian Market News India’s GDP likely to grow at 18.5% in April-June quarter: SBI Report India’s gross domestic product (GDP) is expected to grow at 18.5% in the April-June quarter (Q1 FY22) due to a low base effect, said SBI in its Ecowrap research report. However, this projection is lower than the 21.4% growth projected by the Reserve […] Written by marketfeed Team August 24, 2021April 21, 2022
Market News Top 10 News MobiKwik Files DRHP For Rs 1,900 crore IPO – Top Indian Market News MobiKwik files DRHP for Rs 1,900 crore IPO Digital payments firm MobiKwik has filed a Draft Red Herring Prospectus (DRHP) with market regulator SEBI to raise Rs 1,900 crore via an initial public offering (IPO). The IPO consists of a fresh issue of shares worth Rs 1,500 crore and an offer for sale (OFS) of […] Written by marketfeed Team July 12, 2021April 21, 2022
Market News Top 10 News Maruti Suzuki Reports 10% YoY Decline in Net Profit in Q4 – Top Indian Market News Maruti Suzuki Q4 Results: Net profit falls 10% YoY to Rs 1,166 crore Maruti Suzuki India Limited reported a 9.7% year-on-year (YoY) decline in net profit to Rs 1,166 crore for the quarter ended March (Q4). Revenue from operations rose 32% YoY to Rs 24,023 crore during the same period. The automaker sold a total […] Written by marketfeed Team April 27, 2021April 21, 2022
Market News Top 10 News HCL Tech’s Q3 Net Profit Rises 31% YoY – Top Indian Market News HCL Tech Q3 Results: Net profit rises 31% YoY to Rs 3,982 crore HCL Technologies Ltd reported a 31.1% year-on-year (YoY) increase in net profit to Rs 3,982 crore for the quarter ended December (Q3). The IT firm had posted a net profit of Rs 3,037 crore in the same quarter in FY20. Its revenue […] Written by marketfeed Team January 15, 2021April 21, 2022
Market News Top 10 News Govt Finalises Covid-19 Vaccine Transport Module – Top Indian Market News Govt finalises Covid-19 vaccine transport module The Central Government has prepared a detailed draft for air transportation of Covid-19 vaccines. Pune will be the central hub from where the vaccine distribution will take place. There are a total of 41 destinations (airports) across the country that has been finalised for the delivery of vaccines. The […] Written by marketfeed Team January 7, 2021April 21, 2022
Market News Top 10 News India’s GDP Contracts 7.5% in Q2 – Top Indian Market News India’s GDP contraction slows to -7.5% in Q2 India’s real gross domestic product or Real GDP fell to 7.5% in the July-September quarter (Q2). During the April-June quarter (Q1), India’s Real GDP had contracted 23.9%. With the economy shrinking for two consecutive quarters, the country has officially entered into a technical recession. This is India’s […] Written by marketfeed Team November 27, 2020April 21, 2022
