Wipro, a Bengaluru-based technology services and consulting firm, has announced its plan to invest $1 billion in enhancing its artificial intelligence (AI) capabilities over the next three years. This investment aims to strengthen the company's found

Ajay Singh, the promoter of SpiceJet, has announced plans to invest ₹500 crore in the airline. The decision was made during a recent board meeting as part of efforts to address the company's financial challenges. The funds will be raised through ne

After going back and forth over the expiry of the Bank Nifty contracts, the NSE has finally decided to change the expiry date from Thursday to Wednesday. Here are the key highlights of the above announcement. The weekly Bank Nifty option expiry

In a major shakeup of India's stock market indices, LTIMindtree is set to replace HDFC in the Nifty index, while JSW Steel will take HDFC's seat in the Sensex. These changes are expected to increase HDFC Bank's influence on all three major indices du

Adani Enterprises Ltd (AEL), a prominent conglomerate owned by billionaire Gautam Adani, announced that it has successfully raised ₹1,250 crore through the issuance of non-convertible debentures (NCDs). The funds were obtained through a private pla

In a recent decision, the Goods and Services Tax (GST) Council in India announced a 28% tax on online gaming, casinos, and horse racing. This move has sparked concerns within the gaming industry and has had a significant impact on the stock market, l

Vedanta Share price dropped by 2% during early trading on July 11th following an announcement by Taiwan's multinational electronics manufacturing company, Foxconn. Foxconn recently announced its decision to cancel the $19.5 billion semiconductor join

Mumbai-based CarTrade Tech, a leading platform for used cars, has made a significant move in the Indian automotive market by acquiring OLX India's auto sales business. The deal, valued at ₹537 crore, involves CarTrade Tech purchasing the entire sta

The assets under management (AUM) of mutual funds is impacted by two factors. The first is the flows into mutual funds. These have been robust but varied month after month. The second factor that impacts the AUM of mutual funds is the stock market ap

While generally the oil prices spiking beyond a point is negative for the markets, the markets are not overly bothered by intermediate spikes in the price of oil. The general consensus is that as long as oil is under $80/bbl, it does not put too much

In its board meeting held on 24th June 2023, the board of directors of REC Ltd has approved an Interim Dividend pay-out of ₹4.35/- per equity share of face value of ₹10/- each. For the purpose of interim dividend eligibility, the record date has

Indian small investors have been making a beeline for the equity markets for quite some time now. The enthusiasm of retail investors is visible in various data points. These include the number of trades on the stock exchange, the number of trading ac