11843 stories by IPA Staff
S&P Index to Remove Adani Ports for Links with Myanmar Military
S&P Dow Jones Indices on Tuesday said it will remove Adani Ports and Special Economic Zone from its sustainability index following reports of its business ties with Myanmar’s military that has been accused of human rights violations after a coup. The Adani Group firm is building a $ 290...
5paisa to raise Rs 250.78 crore
The business has been witnessing rapid growth. In the midst of growing number of players, 5paisa has carved out a robust customer franchise. Discount broker 5paisa on Wednesday said it would raise Rs 250.78 crore via preferential issue of equity shares and warrants. The proposed investors for preferential allotment...
Punjab CM Rules Out Prashant Kishor’s Role in Ticket Distribution
Terming media reports as baseless, Punjab Chief Minister Captain Amarinder Singh on Tuesday ruled out any role of Prashant Kishor in finalisation of Congress tickets in the forthcoming assembly elections. “There is no question of it. Kishor has no say in the matter,” said the Chief Minister, amid reports...
Central Bank of India is Now Offering Special Deposit Scheme With Better Rates if You’re Vaccinated
In order to encourage people to get Covid-19 vaccines, the state-run Central Bank of India has launched a special deposit scheme offering an additional interest rate of 25 basis points above the applicable card rate for those who get vaccinated. The new product, Immune India Deposit Scheme, has a...
Explaining Akhilesh Yadav’s ‘Dalit Diwali’, ‘Baba Saheb Vahini’ Plans ahead of UP Polls
With less than a year left for the assembly elections in Uttar Pradesh, political parties have started playing their cards to woo voters from different communities. Samajwadi Party president and former UP chief minister Akhilesh Yadav is now making a push to charm Dalits. The SP leader last week...
Auto-fuel prices seen rising after elections to support OMC margins
On Wednesday, retail petrol price in Delhi was Rs 90.56/litre, as rates kept falling since March 24 from the all-time high level of Rs 91.17/litre. Retail prices of auto-fuels is seen to rise again after the assembly elections are over as state-run oil marketing companies (OMCs) will likely want...
Zomato converts into public company from private limited co ahead of IPO
The company has been on a fundraising spree, garnering about $910 million from a clutch of investors through 2020 and early 2021. The firm’s valuation currently stands at $5.4 billion. As Zomato gears up to get listed on the exchanges in the coming months, the firm undertook a corporate...
Goldman Sachs Lowers Growth Forecast, Nifty Target
Wall Street brokerage Goldman Sachs has flagged a slew of concerns on the surging COVID-19 caseload that has been hitting new records everyday, coupled with the rising lockdowns, forcing it to downgrade India’s GDP growth forecast for the full year to 10.5 per cent from 10.9 per cent, apart...
Soybean meal exports likely to cross 18 lakh tonne this season
Soybean prices have crossed Rs 6,500-7,000 per quintal in key markets in Maharashtra and other states. India exported around 16 lakh tonne of soybean meal between October 2020 and January 2021 because of strong global demand, and is likely to cross the 18-lakh-tonne export mark this season, according to...
Here is What to Look Out For
Much to the interest of markets and investors, Infosys will consider a buyback plan at its meeting on Wednesday, alongside its March quarter earnings. The IT giant had last Sunday announced that the outcome of the board meeting will be disseminated to the stock exchanges after conclusion of the...
Cancel UP Panchayat Polls, Can Spread Covid Rapidly, Says BJP as 18 Seats Set to Vote Today
Several BJP MLAs and MPs, including Kaushal Kishor, have appealed to the Election Commission to postpone the Uttar Pradesh panchayat elections stating that the polling could become a “super spreader” amid the recent surge in coronavirus cases in the state. The State Election Commission (SEC) had said in March...
G R Infraprojects files draft IPO papers with SEBI; plans to sell 1.15 cr shares via public issue
GRIL will not receive any funds from the issue as only the selling shareholders will be getting the funds raised through the IPO. G R Infraprojects Ltd (GRIL) today filed a Draft Red Herring Prospectus (DRHP) with the capital markets regulator SEBI for its initial public offering (IPO). The...
Banks to Remain Shut till April 16 in Some States, Check Full List
Banks will remain closed in most of the states for three days on account of Dr Babasaheb Ambedkar Jayanti and various festivals. Because of the holidays, bank customers will not be able to withdraw and deposit money at the bank branches. However, customers can note that ATMs, mobile banking,...
EC Orders Repolling at Velachery Booth After Corpn Staff Caught Carrying EVMs
Election Commission of India on Tuesday ordered repolling in ward no 92 in Velachery assembly constituency after three corporation workers were caught carrying EVMs and a VVPAT machine on a two-wheeler. “On the basis of report of Returning Officer, Observers and taking all material circumstances into account, the Commission...
Coinbase on Nasdaq: What the landmark listing means for Indian crypto startups, investors, ecosystem
Spotify, Palantir, Slack, etc. were companies that favoured direct listings in the past. (Image: Reuters) Coinbase listing on Nasdaq will be a watershed event in the short history of the global crypto ecosystem adding to the gradual yet growing acceptance of cryptocurrencies in mainstream finance. The milestone would also...
Employees, Markets Curious as Top Officials Meet to Decide on Privatisation of 2 Public Sector Banks Today
The Centre, in a meeting of top officials on Wednesday, will zero in on privatisation of two public sector banks. Senior members of the Niti Aayog, RBI and the finance ministry’s financial services and economic affairs departments will be discussing the potential candidates for privatisation NITI Aayog had last...
Castor crop estimate revised to 17.8 lakh tonne
The acreage is reported to have declined in major producing districts of Gujarat and Rajasthan. Agri-commodity research firm AgriWatch, which was commissioned by the Solvent Extractors Association of India (SEA) to conduct a survey to estimate the area, yield and production of castor seed for the crop year 2020-21,...
Analyst Corner: ‘Neutral’ on Dr Reddy’s; firm gets rights for 250m doses of Sputnik
We continue to value DRRD at 25x 12M forward earnings to arrive at Target Price of Rs 5,410. We maintain Neutral on a limited upside from current levels. The government’s Subject Expert Committee (SEC) of the Central Drugs Standard Control Organization (CDSCO) has recently recommended RDIF’s Sputnik V COVID...
