11843 stories by IPA Staff
Did Elon Musk sell his Bitcoin? No. Tesla CEO explains why his company sold 10% of its holding
Elon Musk on Twitter said that Tesla sold 10 per cent of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on the balance sheet. Image: Reuters Elon Musk said his Tesla Inc has told 10 per cent of its Bitcoin holdings to prove...
Elon Musk Qualifies for $11 Billion Options Payout as Tesla Cracks Profit Mark
Tesla’s quarterly report on Monday hit targets qualifying Chief Executive Elon Musk for two options payouts worth a combined $11 billion. The electric car maker beat Wall Street’s expectations for first-quarter revenue and profit, boosted by record deliveries, robust demand from China and environmental credit sales. It reported quarterly...
Prices of 22-ct, 24-ct Gold Remains Unchanged
Gold prices struggled to move higher in Indian markets on Tuesday, April 27. According to Good Returns, for one gram of 22-carat gold, the rate remained same at Rs 4,494, compared to the previous day. Similarly, the price of 10 grams of 22-carat-gold too remained unchanged at Rs 44,940...
Top Stocks For Investors on Tuesday, April 27
Indian markets are likely to see a muted start on Tuesday, April 27 amid global cues and rising Covid-19 cases in the country. According to moneycontrol.com, the BSE Sensex at 09:02 am IST was up 95.58 points or 0.20 percent at 48,482.09, while the Nifty was down 50 points...
Gold prices fall for 4th straight day ahead of US Fed policy; down over Rs 8,700 from record high
The broad dollar weakness is not letting gold prices fall sharply but the trend is a little sluggish ahead of tomorrow’s Fed policy. Image: Reuters Gold prices fell for the fourth straight day in India on Tuesday ahead of US Federal policy scheduled on Wednesday. MCX gold June futures...
Maruti, IRCTC, Axis Bank, SBI Cards, SAIL, Tata Steel, Wipro, Tech Mahindra among stocks in focus
On the technical charts, the short-term trend of NSE’s Nifty seems to be positive. Image: Reuters SGX Nifty was trading in the negative territory, down 40 points before the opening bell, indicating a gap-down start for BSE Sensex and Nifty 50. On the technical charts, the short-term trend of...
Share Market LIVE: Sensex, Nifty may open in red; Oxford Economics lowers India’s 2021 GDP growth forecast
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic benchmark indices BSE Sensex and Nifty 50 were staring at a negative opening on Tuesday, as suggested by trends on SGX Nifty via India Infoline
ICICI Bank Rating: buy-Healthy operating profit growth in Q4
We tweak earnings & see ROE rising to 14-15%; ICICI stays among top sector picks. ICICIB’s profit for Q4FY21 at Rs 44 bn (Rs 12 bn last year) was below estimate as buffer provisions & lower treasury offset healthy op. profit growth of 21%. We are encouraged to see...
M&M Fin: Maintain ‘add’ with revised TP of Rs 183
Stressed assets largely steady; second wave poses uncertainty. By HDFC Securities Institutional Research Mahindra and Mahindra Financial Services (MMFS) reported an in-line operating performance, registering NII/PPOP growth of 13.2%/9.4% YoY, with higher-than-expected NII (largely due to lower cost of funds) and operating expenditure having off-setting impacts. Disbursements were muted...
PowerGrid InvIT IPO to open on Apr 29 at Rs 99-100 price band
This is the first time a PSU in the power sector will monetise its assets through the InvIT model. PGlnvlT, the infrastructure investment trust (InvIT) sponsored by state-run electricity transmission utility Power Grid Corporation of India (PGCIL), will open the initial public offer (IPO) of the platform on April...
Maintain ‘buy’ on Crisil with revised TP of Rs 2,261
Domestic healthy, GAC robust. For Q1CY21, ratings revenue grew 12% YoY led by 6% growth in domestic ratings on strong surveillance fees and new client addition. By Edelweiss Securities CRISIL’s Q1CY21 revenue grew 16% YoY to Rs 4.9billion (in line) driven by strong sales across segments. This was led...
FCI’s wheat purchases at brisk pace amid outcry over ‘end of MSP’
Going by the pace of procurement and prevailing low market rates, the government may end up buying more than the target, which will put pressure on it to liquidate the stocks. By Prabhudatta Mishra Even as sections of the farming community are fearing that new farm laws would destroy...
HCL Technologies Rating: add-A disappointing show from the company
Expectations around articulation of a formal capital return policy (like TCS & Infosys) too met with a disappointment. HCLT has reported disappointments across the board – revenue growth, margins and outlook. Organic growth (+1.6% q-o-q, CC) was tepid and in line with a typical March quarter even before the...
Coalition of Multinational Firms Focused at Delivery of Life-saving Supplies to India: Deloitte CEO
A coalition of multinational companies has agreed to focus on the immediate delivery of life-saving supplies to India as it experiences a record surge in the number of coronavirus cases, Deloitte CEO Punit Renjen said on Monday as the company was in the process of shipping 1,000 oxygen concentrators....
Govt Appoints Economic Affairs Secretary Ajay Seth on RBI Board
The Reserve Bank on Monday said the government has appointed Economic Affairs Secretary Ajay Seth on the central bank’s board. Seth replaces Tarun Bajaj, who was appointed as Revenue Secretary earlier this month. A 1987-batch Karnataka cadre IAS officer, Seth assumed charge of the Department of Economic Affairs last...
Punjab Cong Chief, Senior Minister Offer to Resign amid Political Unrest
Stung by a recent Punjab and Haryana High Court judgment that gave former Chief Minister Parkash Singh Badal a clean chit in the Kotkapura firing case, the state government on Monday decided to form a new Special Investigation Team (SIT) to probe the incident. The government has also decided...
Sensex, Nifty rally during week’s first trading session; will bulls continue running further?
S&P BSE Sensex zoomed 508 points to close at 48,386 while the 50-stock NSE Nifty ended just below 14,500. Benchmark indices got off to a flying start this week, surging higher during Monday’s trading session. S&P BSE Sensex zoomed 508 points to close at 48,386 while the 50-stock NSE...
Long, Bitter Bengal Campaign Ends with Salvos from Mamata and Nadda, Both Camps Confident of Victory
The long campaign for the West Bengal Assembly election came to an end on Monday with both the Trinamool Congress and BJP claiming they would have a thumping win and cross 200 seats come May 2, an assertion that was as polarised as the campaign run by both the...
