Auto, Financial Stocks Get More Upgrades, Tech Stocks Face More Downgrades
Auto and financials remained analysts’ favourite sectors as they eased chip concerns and added optimism about retail credit. Eicher Motors saw the largest upgrade in...
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Suspending 16 Licences for Non-compliance with Norms- FSSAI
On Wednesday, the Food Safety and Standards Authority of India (FSSAI) adjourned the licenses of 16 food business operatives for not fulfilling the regulator’s newest...
Nomura and FIIs Buy Stake Worth Rs 82 Crore
Today, Salasar Techno Engineering Ltd has raised Rs 81.9 crore fund through Qualified Institutions Placement (QIP) of three crore equity shares. Salasar Techno Engineering Ltd...
Brightcom Cancels Rs 566 Crore Acquisition of MediaMint in Strategic Deal
Digital marketing solutions firm Brightcom Group (BCG) agreed in December to buy Indian digital consultancy MediaMint in a cash and stock deal of Rs 566...
Government Group to Review Local Gas Pricing Structure for Inflation Control
According to a government directive seen by Reuters, India has established a panel to assess the pricing formula for locally produced gas to assure “fair...
Asian Stocks, Currencies Fall as Strong Data Supports Hawkish Fed Bets
Asian shares fell on Wednesday as investors failed to find any cheer in strong US economic data and instead considered what that might mean for...
Stocks to Buy for Wednesday, September 07, 2022
In the previous session, the Nifty index opened on a positive not and made high near 17764 level. Later we have seen sharp correction in...
1mg Becomes Unicorn with $40 Millon Funding
After an internal round of funding led by Tata Digital, Gurugram-based healthcare company 1mg has entered the unicorn club. As per the sources, the company...
Flipkart Launches New Hotel Booking Feature
India’s largest homegrown E-commerce platform Flipkart announced its foray into the hospitality sector. Flipkart has added a new hotel-booking feature on its platform to strengthen...
GoMechanic Will Get Investments from Softbank Vision Fund
According to two sources who spoke to Reuters, one of the Japanese investor’s smaller bets in India by its Vision Fund, which typically signs bigger...