In its meeting held on 08th May 2023, the board of directors of Canara Bank Ltd has approved an Interim Dividend pay-out of ₹12/- per equity share of face value of ₹10/- each. For the purpose of interim dividend eligibility, the record date has b

In its Board Meeting held on 27th May 2023, the board of directors of Power Finance Corporation (PFC) Ltd has approved an Interim Dividend pay-out of ₹4.50/- per equity share of face value of ₹10/- each. For the purpose of interim dividend eligib

New fund offerings (NFOs) are a regular offering from the various mutual fund houses. In the last few months, the practice of companies tapping the Indian investors through NFOs has picked up once again. While most of the NFOs typically focus on inde

The 3-day RBI Monetary Policy Committee (MPC) meeting, which commenced on 06th June 2023, will conclude on 08th June 2023. When the RBI announces the policy statement on 08th June, the big question is what will the central bank do on rates? The last

In a circular dated 06th June 2023, the National Stock Exchange (NSE) announced a shift in the F&O contract expiry schedule for the Bank Nifty F&O contracts. This will result in a change in the futures expiry and the options contract cycle fo

For the week commencing on 05th June 2023, there are 8 NFO or new fund offerings of mutual funds available for investors. These funds range from a wide spectrum of active equity, passive equity, commodity, and multi-asset funds. Here is a quick look

When the GDP data for the fourth quarter and for FY23 was announced, it came in better than expected. At 6.2% for the fourth quarter and 7.2% for FY23, the growth was much better than expected. Clearly, the Indian economy grew at a much faster pace t

India had made grand plans to foray into the big ticket area of chipmaking. However, these plans are likely to face some real problems in the months ahead. As now two big chip plans in India running into billions of dollars are virtually on hol

About 4 years back, just ahead of the pandemic, Sun Pharma made a very big bet. It made a bet that its multi-billion dollar bet on specialty drugs in the US market would pay off. Back then, not too many investors were convinced. Their view was that e

Suzlon Energy was once considered the pioneer in alternate energy and its chairman, Tulsi Tanti, had pioneered the concept to India long before it became a national economic goal. However, over time, weak demand and excess debt pushed the company int

India Railway Catering and Tourism Corporation (IRCTC), the listed arm of the Indian Railways, announced its results for the fourth quarter ended March 2023 on 29th March 2023. For the quarter, it announced 30.4% higher net profits at ₹279 crore as

For the quarter ended March 2023, the numbers of Adani Transmission Ltd (ATL) were fairly impressive. The net profits on a stand alone basis were up 85% in the quarter on a yoy basis while the consolidated profits were up 69.6% yoy at ₹389 crore fo