Jio Financial Services Ltd (JFSL) announced on March 4 that its board has approved the acquisition of 7.9 crore shares of Jio Payments Bank Ltd (JPBL) from State Bank of India (SBI) for ₹104.54 crore. Currently, JFSL holds 82.17% of JPBL’s paid-up equity share capital, while SBI is a minority partner. After this acquisition, Jio […]
Asian stock markets declined on March 5, tracking a sell-off in US markets after President Donald Trump announced new tariffs on trading partners, increasing concerns about a global trade war. Stock markets in Tokyo and Sydney opened lower, while Hong Kong futures also pointed to losses. In the US, the S&P 500 fell 1.8%, the
Asian Stock Markets Fall as US Tariffs Raise Fears of Trade War Read More »
RBL Bank shares were in focus on March 4, after the Maharashtra State GST Department conducted a search operation at three of its offices. The search operation is being conducted under Section 67 of the Maharashtra Goods and Services Tax (MGST) Act, 2017. The bank confirmed that it is fully cooperating with the authorities by
RBL Bank Shares Fall 2% as GST Officials Conduct Search Operations Read More »
Adani Green Energy Ltd. (AGEL) has successfully raised $1.06 billion to refinance a construction facility linked to its solar-wind hybrid renewable cluster in Rajasthan, the company announced on March 3. Long-Term Financing Details According to the company’s filing, the new financing has a tenor of 19 years, with a fully amortized debt structure designed to
Adani Green Secures $1.06 Billion to Refinance Renewable Project in Rajasthan Read More »
Shares of One97 Communications, the parent company of Paytm, will be in focus on March 3 after the Enforcement Directorate (ED) issued a show cause notice for alleged violations of the Foreign Exchange Management Act (FEMA). ED’s Notice on FEMA Violations On February 28, the ED served a notice to One97 Communications and its subsidiaries,
Paytm Shares Under Spotlight After ED Issues FEMA Violation Notice Read More »
Stock market today saw a major leadership change as Tuhin Kanta Pandey, the current Finance and Revenue Secretary, was appointed as the new Chairperson of the Securities and Exchange Board of India (SEBI) for a three-year term. Pandey, a 1987-batch IAS officer from the Odisha cadre, will take over from Madhabi Puri Buch, whose tenure
Tuhin Kanta Pandey Appointed as New SEBI Chief for Three-Year Term Read More »
Stock market today saw Schaeffler India shares climb 3% to ₹3,160 on February 28 after the company reported strong financial results for the December quarter. Despite this rise, the stock has dropped 7% in the past month, underperforming the Nifty 50, which declined 5% during the same period. Schaeffler India posted a 13.2% year-on-year (YoY)
Schaeffler India Shares Rise 3% After Strong Q4 Profit Growth Read More »
Shares of UltraTech Cement fell nearly 4% on February 27 after the company announced its entry into the wires and cables (C&W) segment with an investment of ₹1,800 crore. The move triggered a sharp sell-off in existing players, with KEI Industries and Polycab India plunging 17% and 14%, respectively. Havells India dropped 5.1%, while RR
Paytm has announced a partnership with AI startup Perplexity to integrate AI-powered search into its app, enhancing user experience with AI-driven insights for financial literacy and decision-making. With this new feature, Paytm users will be able to ask questions, explore financial topics in their local language, and receive AI-powered responses, helping them make informed financial
Paytm Partners with Perplexity to Introduce AI-Powered Search on Its App Read More »
Bank Nifty ended its four-day losing streak and gained on February 27, supported by a rally in heavyweight stocks like HDFC Bank, Axis Bank, IndusInd Bank, and IDFC First Bank. The positive momentum followed the Reserve Bank of India’s (RBI) decision to roll back the increased risk weight on bank loans to non-banking financial companies
Bank Nifty Ends 4-Day Losing Streak as RBI Reverses NBFC Loan Risk Weight Hike Read More »
