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Ratan Tata and Nandan Nilekani invested Rs 50 crore each into Avanti Finance two years ago.Avanti Finance, the microloan-focused NBFC promoted by Ratan Tataand Nandan Nilekani from their personal philanthropic funds, is looking to raise…
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Mindtree’s business is inherently transactional which exposes it to higher revenue volatility were global macro to worsen but that does not seem to be the base assumption for CY20 yet.We reinstate coverage on Mindtree with a ‘buy’ rating…
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The m-cap of Tata Consultancy Services (TCS) surged Rs 56,604.72 crore to stand at Rs 8,33,986.26 crore.Eight of the 10 most valued domestic companies together added a whopping Rs 1.13 lakh crore in market valuation last week, with IT…
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The foreign brokerage said one should start reducing concentration risk. If the government takes measures to revive growth, the markets would react well in time.With markets getting highly polarised over the last two years, both in terms…
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MSCI’s gauge of stocks across the globe gained 0.40% to a record high, while Wall Street’s three key equity indices also marked new highs.A year-end rally in global equity markets extended gains on Friday, helped by data showing…
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Rates of soybean oil have been on an upward swing and lost 1% early this week. (Representative image)After onion prices debacle, cooking oil is also expected to hit the grocery bills hard as edible oils have registered a northward trend…
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Advancement of the U.S.-Mexico-Canada Agreement (USMCA), which is set to replace the North American Free Trade Agreement (NAFTA), has also boosted oil this week. The agreement was passed by the U.S. House of Representatives on…
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The scrip declined 0.79 per cent to close at Rs 530.80 on the BSE. During the day, it dipped 1.25 per cent to Rs 528.35. At the NSE, it fell 0.85 per cent to close at Rs 530.80.Shares of Mahindra& Mahindra (M&M) on Friday fell…
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The move came following a Sebi directive to the National Securities Depository Ltd (NSDL) in November that prevented Axis Bank from accessing the securities pledged with the lender by KSBL.The Securities Appellate Tribunal on Friday…
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Yes Bank was the top gainer in the Sensex pack, rallying 6.74 per cent, followed by TCS, Tata Motors, Bharti Airtel, M&M and RIL.Equity benchmarks advanced to fresh lifetime highs for the third session on the trot on Thursday,…
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