In a landmark deal, global retail giant Wal-Mart has bought out 77% stake in Flipkart for a consideration of $16 billion giving Flipkart an enterprise valuation of $21 billion. Flipkart’s largest shareholder, Softbank of Japan, will sell its entire Read more [...]

Despite the US withdrawal from the Iran Nuclear deal and the spike in oil prices, Indian markets continued their up move on Wednesday with the Nifty closing near the 10,750 mark. Focus will continue to be on global cues. Tata group shares were Read more [...]

Bad debts at PNB have certainly taken a big hit in the aftermath of the Nirav Modi default. In the last 10 months, the gross NPAs of PNB have grown by 28% largely led by the default by Nirav Modi and his gang. Wilful defaults amounted to over Rs.15,100 Read more [...]

On the back of weak HCL Tech results, the IT stocks came under pressure which led the markets down. The markets could face further pressure if the Nifty is unable to breach the 10,700 levels decisively on the upside. Yesterday, we had warned about Read more [...]

Patanjali, Adani Wilmar and Godrej Agrovet may be in the race to buy Ruchi Soya. The company has been under financial debt for some time but buyers find it attractive due to its exposure to the production and distribution of edible oils, specialty fats Read more [...]

The Nifty was marginally down on Tuesday on worries that the Fed may give a hawkish tone in its May meet. A hawkish tone is not good news as it could nudge the RBI towards hiking its repo rates in India. Aviation stocks could be the big short from Read more [...]

SEBI has announced additional risk management measures for the F&O segment with respect to collection of margins and calculation of liquid net worth. The big change is that now brokers are required to deposit the SPAN margin and the exposure margin Read more [...]

Nifty sailed higher close to the 10,750 mark as the Korean truce after a gap of 70 years led to frantic buying in frontline stocks on expectations that the geopolitical risk in the region should subside in a big way. The focus on Wednesday will Read more [...]