RBI Withdraws Rs 2,000 Notes from Circulation
Should You Worry About Another Demonetisation? Reserve Bank of India (RBI), the Indian banking system regulator, announced on May 19 that it has decided to...
Author : Chinmay Bohra
SEBI Proposes Changes to Expense Ratio of AMCs, May Cost Mutual Funds Rs 1,400 Crore
The Securities and Exchange Board of India (SEBI) has released a consultation paper outlining several proposed changes to the total expense ratio (TER) charged to...
Multibagger Textile Stock Arvind Ltd Jumps 6% Over 13% Increase in Net Profit and Dividend Announcement
Leading textile manufacturer Arvind Ltd shares rallied 6% after the company reported a 12.7% YoY increase in net profit and announced a final and special...
Adani-Hindenburg Row: Supreme Court Panel’s Report Out, Adani Group Shares Soar
In recent developments, the panel elected by the Supreme Court (SC) to investigate Gautam Adani’s Conglomerate and Hindenburg Research case has released its reports. According...
SEBI Makes Mutual Fund Investments in the Name of a Minor Easier, No Need to Open a Bank Account in Their Name
In a circular dated May 12, 2023, the market regulator, SEBI (Securities and Exchange Board of India), announced changes in the framework of Mutual Fund...
Carl Icahn Admits Fault Regarding the Bearish Bets that Cost Him $9 Billion
Carl Icahn, the prominent activist investor, publicly acknowledged his mistake in making a massive bet on a market crash, which cost his group nearly $9...
Wheels India to Invest Rs 200 Crore to Ramp Up Production of Aluminium Wheels and Other Spares
Wheels India Ltd, an Automobile Wheel Major, has designated Rs 200 crore as capex in FY23-24 towards its plan of gradually ramping up wheel production...
Asian Markets Mixed Amid China Growth Worries and US Debt Ceiling Negotiations
On Friday, Asian markets were uneven, with China and Hong Kong equities falling due to fears about the world’s second-largest economy’s stalling recovery, while Japan’s...
ITC Q4FY23 Net Profit Rises 21%, Declares Rs 9.5 Dividend
ITC, a major Fast Moving Consumer Goods company, announced its financial results for the fourth quarter, showing a significant increase in net profit. The standalone...
Everstone to Sell 41% Stake in Restaurant Brands, Jubilant Foodworks and Others in Talks to Buy
Everstone Capital, a private equity firm, is currently in discussions to sell its approximately 41% stake in Restaurant Brands Asia Ltd, the master franchisee of...