LIC is expected to publish key details of its IPO in the fourth week of January LIC is expected to publish key details of its IPO in the fourth week of January. It is now being reported that the IPO may happen in the third week of March 2022. Government will try to raise up

IT Q3 results for TCS , wipro and Infosys It was a day of the Big-3 IT companies announcing their results on 12th January with TCS and Infosys doing better than street estimates but Wipro putting out numbers below street estimates. There was an operating margin contraction of 152 bps in TCS, 192 bps in

Vodafone Idea agreed to give the government 35.8% equity A day after Vodafone Idea agreed to give the government 35.8% equity in lieu of the interest on AGR charges payable, Tata Teleservices Maharashtra has also opted for conversion. It will give approximately 9.5% stake to the government against its interest dues. Both companies had already

Flow into equity mutual funds surge to Rs 25K cr in Dec on strong SIP book The latest flow data announced by AMFI showed that flows into equity mutual funds doubled to Rs.25,077 crore in Dec-21, with SIPs recording inflows of over Rs.11,300 crore; an all-time record. There were robust flows into multi-caps thanks to

During the previous week, the battle between the FMCG companies like HUL and Colgate with traditional distributors escalated and later fizzled out. However, this is a much bigger battle of attrition between old distribution and new and is not going to vanish any time soon. What is the distribution dispute? In the last quarter of

The calendar year ended 2021 was a good year for GDP recovery and also for the stock markets as represented by the Nifty and the Sensex. However, the year also saw record trade deficit caused by one big factor called Gold. Trade story and gold For the calendar year 2021, the total trade deficit was

On 07th January, the MOSPI released the first advance estimates (AE) for FY22 GDP at 9.2%. This is slightly below the RBI estimates of 9.5% for FY22, but there is a deeper story in the contents. Which sectors are helping GDP? Two basic components of agriculture and manufacturing showed traction in the FY22 fiscal year.

Indices The benchmark indices are expected to start on a slightly positive note on Monday given the indications by the SGX Nifty futures that quoted 17,930 level, higher by 70 points as compared to Nifty’s spot close on Friday. Source : Internet Reliance to buy control of New York’s Mandarin Oriental hotel for $98 mn A

Rupee rises, India bond yields stabilise after rising to 2-year highs India’s 10-year bond yield touched a 2-year high of 6.55% on Thursday after the highly hawkish stance of the US Federal Reserve. The Fed minutes almost made it clear that rate hikes will happen sooner and the US will also aggressively wind down securities

Nykaa, and Paytm may get large-cap status on AMFI upgrade In its latest classification of companies by market cap, the AMFI upgraded Policybazaar, Zomato, Nykaa, and Paytm, apart from 9 other stocks to the large-cap category. The others to be included in the large-cap category include Mindtree, SRF, IRCTC, Tata Power, Mphasis, Godrej Properties, Macrotech