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Bharti Airtel shares jumped 6% to become the top Sensex gainer on Tuesday, post Supreme Court’s Adjusted Gross Revenue (AGR) dues judgement. On the other hand, Vodafone-Idea, the other major telecom operator that was eagerly awaiting the verdict, entered free fall as the stock tanked 20% to hit the lower …

Continue reading “Supreme Court gives telcos 10 years to pay AGR dues; Bharti Airtel jumps 6%, Vodafone Idea tanks 20%”

It was bloodbath on Dalal Street on Monday as domestic benchmark indices tanked over 2% during the day’s trading session. S&P BSE Sensex ended 839 points or 2.13% lower at 38,628 points, while the 50-stock Nifty gave the 11,400 mark and closed at 11,342. Analysts say that equity markets saw …

Continue reading “Sensex and Nifty give up six-day gaining spree; leaves investors poorer by nearly Rs 5.5 lakh crore”

Markets regulator Sebi on Thursday extended the timeline for implementation of procedural guidelines for proxy advisors to January 1. The guidelines issued by the regulator on August 3, were supposed to come into force from September 1. Proxy advisors advise shareholders on corporate governance issues and assist them with voting …

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In an otherwise volatile share market, that is witnessing the benchmark indices dance between gains and losses, it is the auto stocks that are having one of their best trading sessions in recent weeks. Bajaj Auto was one of the top gaining stocks on S&P BSE Sensex, along with Mahindra …

Continue reading “Hopes of GST rate cut lifts auto stocks; TVS Motors up 4%, Bajaj Auto gains close to 3%”

Nippon Life India Asset Management on Tuesday said it has garnered Rs 720 crore through the new fund offer of its Multi-Asset Fund. The company claimed that this is one of the biggest amounts raised through a new fund offer (NFO) during the pandemic. Over 80,000 investors spread across 370 …

Continue reading “Nippon India Multi-Asset Fund NFO garners Rs 720 crore”