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Shapoorji Pallonji Group To Part Ways With Tata Group
Reuters | Wednesday September 23, 2020One of the country's largest construction firms, the SP group has an 18 per cent stake in Tata Sons, the holding company of the Tata Group, on the back of a decades-long relationship. -
Reliance Industries To Sell 1.28% Stake In Retail Arm To US-Based KKR For Rs 5,550 Crore
Edited by Sandeep Singh | Wednesday September 23, 2020Billionaire Mukesh Ambani-led Reliance Industries said on Wednesday that US-based investment firm KKR will buy a 1.28 per cent stake in its retail arm, Reliance Retail Ventures, for Rs 5,550 crore. The transaction gave Reliance Retail an equity value of Rs 4.21 lakh crore, Reliance Industries said in a regulatory filing before market hours on Wednesday. The deal is likely to bolster oil-to-telecom conglomerate Reliance Industries' retail presence in the domestic market. -
Parliament Passes Bill To Bring Cooperative Banks Under RBI Supervision
Press Trust of India | Wednesday September 23, 2020, New DelhiThe bill seeks to strengthen cooperative banks by increasing their professionalism, enabling access to capital, improving governance and ensuring sound banking through RBI. -
Petrol, Diesel Prices Remain Steady On Wednesday
Edited by Peter Noronha | Wednesday September 23, 2020In Delhi, the rate of petrol was steady at Rs 81.06 per litre and diesel was untouched at Rs 71.28 per litre, according to Indian Oil Corporation. -
Sensex, Nifty Likely To Have A Subdued Opening
Edited by Peter Noronha (with inputs from agencies) | Wednesday September 23, 2020The domestic stock markets are likely to open flat, after four consecutive days of losses, going by global cues and early indications from SGX Nifty futures trading. -
Gold, Silver Futures Rangebound Amid Volatile Trade
Edited by Sandeep Singh (with inputs from agencies) | Wednesday September 23, 2020Gold Price Today: Multi Commodity Exchange (MCX) gold futures (due for settlement on October 5) traded in a more than Rs 550 range. -
Why You Must Calculate Your "Real Value" When Buying A Life Insurance Plan
Advertorial | Tuesday September 22, 2020A life insurance plan not only helps safeguard our loved ones from financial hardships in our absence but also ensures that they continue to lead a dignified, secure life when we aren't around. -
Jio Launches Postpaid Plans Starting From Rs 399 Per Month
Edited by Abhishek | Tuesday September 22, 2020Jio's postpaid plans offer access to over the top (OTT) platforms such as Netflix, Amazon Prime and Disney+ Hotstar without any extra cost. -
Angel Broking IPO Subscribed 76% On Day 1
Edited by Sandeep Singh | Tuesday September 22, 2020Angel Broking IPO: At the end of first day,1.05 crore bids were received for its total issue size of1.38 crore shares. -
Sensex, Nifty Fall For Fourth Day In A Row; Auto Shares Worst Hit
Edited by Abhishek Vasudev | Tuesday September 22, 2020Nine of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Media index's 2.6% decline. -
Top Court Restricts Shapoorji Pallonji Mistry Group From Raising Capital Using Tata Sons Shares
Reported by A Vaidyanathan, Edited by Sandeep Singh (with inputs from agencies) | Tuesday September 22, 2020The SP Group's shareholding in the country's largest business house is estimated at more than Rs 1 lakh crore. -
Sensex, Nifty Off Day's Lows; IT, Pharma Shares Outperform
Edited by Abhishek Vasudev | Tuesday September 22, 2020Nine of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Media and Realty indexes over 2% decline. -
Appeal Of Mutual Funds Needs To Be Broadened: Sebi Chairman
Edited by Peter Noronha | Tuesday September 22, 2020However, despite the efforts of Sebi, the share of these top 15 / top 30 cities in the total industryAssets under management(AUM) has hovered around just 15-17 per cent over the last five years, MrTyagi pointed out. -
Sensex Falls 300 Points Amid Selloff Across Sectors
Written by Sandeep Singh | Tuesday September 22, 2020Possible delays in expanded US stimulus and concerns about fresh pandemic lockdowns in Europe knocked investor sentiment. -
J.P. Morgan Does Not Include India Government Bonds In Emerging Market Index
Reuters | Tuesday September 22, 2020Morgan has opted not to include India's government bonds after investors cited ongoing problems with capital controls, custody and settlement and other operational snags.
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