Month: June 2020

Buying petrol in Delhi will cost you more than Rs 80 a litre as for the first time in the last two years, the petrol price has crossed Rs 80 per litre mark in the city. In the 20th successive hike in retail fuel rates, the oil companies hiked petrol …

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Shares skidded in Asia on Thursday after a sharp retreat overnight on Wall Street as new coronavirus cases in the U.S. climbed to their highest level in two months, dimming investors’ hopes for a relatively quick economic turnaround. Markets in Hong Kong, Taiwan and Shanghai were closed for holidays. Tokyo’s …

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Industrialist Anil Ambani is not only planning to make his company Reliance Infrastructure debt-free but is also planning to raise stake in the company. Reliance ADAG group Chairman Anil Ambani’s statement comes close on the heels of telling a UK-court in February this year that his net worth is zero. …

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After spending half a decade as the head of London Stock Exchange’s UK division, Nikhil Rathi has been appointed as the Chief Executive Officer (CEO) of the Financial Conduct Authority (FCA). The financial markets watchdog of the United Kingdom, the FCA, will now for the first time in nearly four …

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Initial public offer for software services and product company Ksolves India will open for subscription on Tuesday, 23 June 2020, and will close on 26 June 2020. The IPO has a price band of Rs 100 per share. The fresh issue of 4,02,000 equity shares of Rs 10 each at …

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Coal India share price jumped 8 per cent to Rs 139.65 apiece on BSE in Thursday’s volatile session as PM Narendra Modi launched auction process of 41 coal mines for commercial mining. Coal India stock price has risen 17 per cent from its March low of Rs 119.25. The market …

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In the second incident related to sharing sensitive corporate information on WhatsApp, capital markets regulator SEBI has imposed a Rs 15 lakh fine on a person for leaking unverified financial results of Bata on the messaging service. SEBI levied a penalty on Aditya Omprakash Gaggar for leaking the information prior …

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Equity mutual funds were seen selling some pharmaceutical stocks among their large-cap and mid-cap bets while they bought some big names like Hindustan Unilever and Tata Motors in the month of May. As shares of Mukesh Ambani’s Reliance Industries Ltd continued surging, mutual funds booked profits on the stock while …

Continue reading “Here’s what HDFC AMC, ICICI Prudential, SBI AMC and other top mutual funds bought and sold in May”