News Bulletin and Market Update: 21/10/2021

News Bulletin ▫️ Vodafone Idea accepted 4 year moratorium on spectrum payments, previously offered by the government. ▫️ Singapore arbitration tribunal rejected Future Retail's plea against Amazon. (This may be negative development for Future Retail and RIL deal). ▫️NTPC threatens to end pact with Tata Power over delays for a 320MW solar project in Rajasthan. [...]

Market Update and News Bulletin: 08/10/2021

Market Update▫️Indian markets rallied yesterday in line with the global markets on the back of ease in energy prices and progress over relaxation of US government debt ceiling.▫️ Sensex and Nifty climbed to 59,678 (+0.82%) and 17,790 (+0.82%).▫️Today market will watch out for RBI's key policy decision on interest rates.▫️Market breadth was positive with 1287 [...]

Market Update and News Bulletin: 07/10/2021

News Bulletin▫️ Cabinet approved scheme to provide ₹4,445 crores capital support to setup mega textile parks.▫️ Govt. raised FDI Limit in telecom sector to 100%.▫️ Government is considering to allow 20% FDI in LIC IPO.▫️Zee limited asked for time from NCLAT to respond to EGM issue.▫️ Moody's revised the outlook for 18 Indian companies (including [...]

News Bulletin and Market Update: 20/09/2021

News Bulletin ▫️Foreign tourists may be allowed soon. Govt may provide free visa to lure tourists (+ve travel companies) ▫️ Vodafone Idea claimed record high speed of 3.5GB/second in 5G trials ▫️Shapoorji Pallonji to sell their controlling stake in consumer durable company Eureka Forbed foe ₹4,500 crores. ▫️Auto Sector to create 1 lakh additional jobs [...]

Weekend News Update 19/09/21

▫️RIL, Adani Group and Tata Power bid for solar equipment manufacturing PLI scheme.▫️ GST of 5% now levied on food delivery services offered by Swiggy and Zomato.▫️ Serum Institute of India (largest vaccine manufacturer) will buy 15% stake of Biocon's subsidiary: Biocon Biologics.▫️Indian government bonds may soon be part of global indices.▫️ Strong buying by [...]

Daily Dose of Market and News: 17/09/21

Market Update ▫️ Indian markets extended the rally, on account of support measures announced by the government for various sectors. ▫️Sensex and Nifty closed at 59,141 (+0.71%) and 17,629 (0.69%). ▫️Banking Sector was show stealer which jumped on expectations of Finance Minister's announcement of government funded Bad Bank. Nifty Bank and Nifty PSU Bank surged [...]