Midnight News Update – Oct 31st 2017   The merger of IDFC and the Shriram Group that was announced with a lot of fanfare has finally been called off after both the companies failed to agree on a property valuation formula. IDFC investors Read more [...]

Midnight News Update – Oct 27th 2017   The Nifty and the Sensex closed the F&O series at record levels even as nearly 65% of the overall F&O positions got rolled over. There was short covering visible in PSU banks although the rally Read more [...]

Midnight News Update – Oct 25th 2017   In a significant boost for PSU banks, the government has decided to infuse up to Rs.211,000 crore into bank capital over the next 2 years. Indian banks are stuck with NPAs to the tune of Rs.800.000 crore Read more [...]

In the first 6 months of the current fiscal year ending September 2017, domestic mutual funds have pumped nearly $12 billion into equities. FPI contribution during this period was less than a billion dollars as FPIs have been consistently selling since Read more [...]

Major News Item Impact Analysis     Ø  IndusInd Bank formally sealed its merger with Bharat Financial Ø  The merger share swap between Bharat Financial and IndusInd will be in the ratio of 639:1000 Ø  Bharat Financial Read more [...]

 Midnight News Update – Oct 17th 2017   Jaiprakash Power Ventures has received expressions of interesting from 5 suitors for a 30% stake in its business. The bidders include Brookfield of Canada, SREI Infra Group, Resurgent Power, Edelweiss Read more [...]