RBI Faces Core Challenge of Keeping Inflation Below 6%
Food has been the most significant determinant of the trajectory of retail inflation in India as it accounts for a sizable share of the consumer...
Author : Nilesh
ICICI Securities, Axis Capital Among 5 Bankers to Manage Govt’s HZL Stake Sale
ICICI Securities, Axis Capital and Citigroup Global Markets are the five investment bankers selected to manage the sale of the government’s remaining 29.53% stake in...
Govt Gets RBI Nod for Structuring IDBI Stake Sale
The Reserve Bank of India (RBI) has agreed with the government to arrange the sale of IDBI’s stake. All issues related to the structure of...
Balaji Solutions Files Draft Papers to Raise Funds Through IPO
Balaji Solutions Ltd has filed draft documents with the Securities and Exchange Board of India (Sebi) to raise funds through an IPO. The IPO will...
Hero MotoCorp Share Price Rises as Q1 Profit Grows 131% to Rs 590 Crore
Shares of Hero MotoCorp rose in early trading on August 16 after the company reported better results for the quarter ended June 2022. Hero MotoCorp...
Digit Insurance Files Draft Documents for Rs 5,000 Crore IPO
Digit Insurance, backed by Canadian billionaire Prem Watsa, has filed draft documents for an initial public offering (IPO). According to the filing, the company is...
DigiYatra App’s Beta Version Launched at Delhi, Bengaluru Airport
The Airport Authority said it had introduced facial recognition systems for domestic passengers at Delhi and Bengaluru airports to enable seamless and paperless travel. Delhi...
LIC Surges as Macquarie Analyst Suresh Ganapathy Upgrades Stock
Shares of Life Insurance Corporation of India (LIC) rose more than 3% on Aug. 16 after Macquarie Capital Securities analyst Suresh Ganapathy upgraded the stock...
Walmart Strikes Streaming Deal with Paramount+ to Fight Amazon
US retailer Walmart Inc on Monday struck a deal with Paramount Universal Inc to offer its Paramount Plus streaming service to subscribers of its loyalty...
Loans to Get More Expensive as SBI Hikes Benchmark Lending Rate By 0.5%
State Bank of India (SBI) hiked its benchmark lending rate by 50 basis points (or 0.5%), resulting in higher EMIs for borrowers. The loan rate...