📰 Latest Economy & Stock Market News
Some of the new age stocks will become 100 baggers & some turn duds: Ajay Bagga
Updated at : 2021-11-18 09:20:01

“The best thing for investors would be to put small portions in each of these and then be very patient and look at a 10-year investment. Some of them will become 100 baggers and that will take care of your entire portfolio.”

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SAT allows PNB Housing Finance to withdraw appeal in Carlyle deal
Updated at : 2021-11-18 08:20:01

Soon after the preference issue of shares was announced in May this year, controversy erupted with regard to the valuation of the shares to be offered to the investors and the capital markets regulator Sebi intervened and stalled the deal until there was revaluation of the shares.

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Invesco MF puts Blockchain fund launch on hold
Updated at : 2021-11-18 08:20:01

A Fund of Fund invests in other schemes. Invesco’s blockchain fund is structured to invest in an Ireland-domiciled ETF (exchange traded fund), which bet on listed equities of companies in developed and emerging markets that participate in the blockchain ecosystem. The fund had got approval from markets regulator SEBI.

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For investors, everything is there plus more: Anil Agarwal on demerger plan
Updated at : 2021-11-18 08:20:01

At this point, we are evaluating and have appointed the best of advisors and they will come out with the entire plan. Very soon, we will announce the full scheme, Anil Agarwal said.

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Tata Sons working on AirAsia India-AI Express merger
Updated at : 2021-11-18 08:20:01

On October 8, the Tata group owned Talace Pvt Ltd won the bid to own 100% of Air India and its subsidiary Air India Express. The transaction awaits cabinet approval and the acquisition is scheduled to take effect at the end of the year.

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Zomato may invest $500 million in Grofers
Updated at : 2021-11-18 08:20:01

If the deal goes through it will be the largest investment for the food delivery platform. New round likely to value Grofers at $1.5 billion; will intensify battle with Swiggy’s Instamart

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CV recovery not in top gear as small operators go slow: Tata Motors' Girish Wagh
Updated at : 2021-11-18 08:20:01

The industry is expected to register a growth of 20-22% in the current financial year over a low base of FY21, said Girish Wagh, head of the commercial vehicles business unit at Tata Motors.

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Oil extends declines as US looks to lead SPR shock treatment
Updated at : 2021-11-18 08:20:01

U.S. oil was under pressure on Thursday, adding to an overnight plunge on a Reuters report that the United States was asking major oil consumers like China and Japan to consider a coordinated release of oil reserves to lower prices. The bid by the U.S. administration to shock markets comes as inflationary pressures, partly driven by surging energy prices, starts to produce political backlash, as the world fitfully recovers from the worst health crisis in a century.

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Stocks in the news: Paytm, Sapphire Foods, Vedanta, Tata Motors and Zomato
Updated at : 2021-11-18 08:20:01

Markets will await the listing of One97 Communications, the parent company of Paytm and Sapphire Foods India, the operator of KFC, Taco Bells and Pizza Hut.

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P&SB adjusts net loss for FY21 at Rs 2,750 cr after divergence in asset classification
Updated at : 2021-11-18 01:20:01

Whereas the bank reported gross non-performing assets (NPAs) at Rs 9,334 crore, the Reserve Bank assessed it at Rs 9,363 crore, thus leading to a divergence of Rs 29 crore.

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