The sharp 429 points bounce in the Sensex and the Nifty closing above the 12,100 mark was largely driven by the heavyweights like RIL and HDFC. Of course, telecom provided the much needed impetus to the markets. With the government almost looking Read more [...]

The deal to sell 20% stake in Reliance refining business to Saudi Aramco has picked up steam. The proposal was first announced in August 2019 valuing the overall refining and petchem business at $75 billion with the 20% stake at $15 billion. RIL is keen Read more [...]

On Tuesday the Nifty breached the psychological 12,000 mark and despite multiple attempts to bounce back, the Nifty closed below that level. This level will be critical in the next few days as Friday is a trading holiday. The decision by the government Read more [...]

As the telecom crisis showed no signs of abating, Kumaramangalam Birla met the Telecom Secretary along with Ravinder Takkar, CEO of Vodafone Idea. While the contours of the discussion were not made public, Birla had obviously tried to impress upon the Read more [...]

Caution prevailed in the markets as the Nifty once again inched nearer to the 12,000 mark. Apart from oil companies, pharma companies were among the major losers on Monday on fears of supply chain disruption in China. The AGR settlement is likely Read more [...]

In what could be the first tranche of payments against AGR charges DOT, Bharti Airtel has already disbursed Rs.10,000 crore. Against its total outstanding of Rs.53,000 crore, Vodafone will be paying Rs.2500 crore as the first tranche to the DOT while Read more [...]

Markets could be range bound between the Nifty levels of 12,000 and 12,300 till the time there is greater clarity on the Chinese pandemic. The stimulus and the manufacturer support should be in their favour. Oil could be the interesting commodity Read more [...]

Tata Steel is likely to hit capital expenditure to the tune of Rs.9000 crore during the current year FY20. The outlays are largely to expand steel capacity to tap the rising steel demand. Nearly Rs.1367 crore will be for India operations, including the Read more [...]