Market News Top 10 News HDFC to Raise Rs 57,000 crore via NCDs – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: HDFC to raise Rs 57,000 crore through non-convertible debentures HDFC Ltd’s board has approved raising funds through non-convertible debentures (NCDs) in various rounds aggregating to Rs 57,000 crore. The decision was taken since the outstanding borrowings of HDFC are approx. Rs 5.70 […] Written by Cherian Varghese March 27, 2023March 27, 2023
Market News Top 10 News DHFL Promoters Booked in Rs 34,615 crore Bank Fraud Case – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: DHFL promoters booked in Rs 34,615 crore bank fraud case The Central Bureau of Investigation (CBI) has registered a fresh case against DHFL promoters Kapil and Dheeraj Wadhawan for defrauding a consortium of banks led by Union Bank of India for Rs […] Written by Cherian Varghese June 22, 2022June 22, 2022
Jargons What is Insolvency? How Do Companies Go Bankrupt? We often come across reports of companies being declared bankrupt or ‘insolvent’. We also see large investment firms or business groups entering into tough competition to acquire these insolvent companies. Recently, Piramal Capital acquired debt-ridden DHFL for Rs 34,250 crore! Let us have a detailed understanding of what insolvency means and look into the insolvency […] Written by Cherian Varghese March 22, 2021December 19, 2023
Market News Top 10 News IndiGrid InvIT to Acquire Power Transmission Project From Sterlite Power – Top Indian Market News IndiGrid InvIT to acquire power transmission project from Sterlite Power for Rs 4,625 crore India Grid Trust (IndiGrid) has signed a share purchase agreement to acquire NER-II Transmission Limited from Sterlite Power. The indicative value of the acquisition is Rs 4,625 crore. The 830 circuit-km long transmission project is spread across Assam, Arunachal Pradesh, and […] Written by marketfeed Team March 6, 2021April 21, 2022
Market News Top 10 News HDFC Bank’s Q3 Net Profit Rises 18% YoY – Top Indian Market News HDFC Bank Q3 Results: Net profit rises 18% YoY to Rs 8,758 crore HDFC Bank Ltd reported an 18.1% YoY increase in net profit to Rs 8,758.3 crore for the quarter ended December (Q3). It had posted a net profit of Rs 7,416.48 crore in the corresponding period a year ago. The bank’s net interest […] Written by marketfeed Team January 16, 2021April 21, 2022
Market News Top 10 News Reliance to Buy IMG Worldwide’s Stake in Sports Management JV – Top Indian Market News Reliance Industries to buy IMG Worldwide’s stake in sports management JV Reliance Industries Limited (RIL) will be increasing its stake in IMG-Reliance Ltd, by buying out IMG Worldwide LLC from the sports management business. The transaction will cost RIL not more than Rs 52.08 crore. IMG-R will become a wholly-owned subsidiary of the company and […] Written by marketfeed Team December 25, 2020April 21, 2022
