Jio and Airtel 5G: Consumer spending on telecom services, including taxes, is projected to increase by approximately Rs 47,500 crore annually due to significant tariff hikes from India’s major telecom companies and higher rates for 5G services, as reported by The Economic Times (ET). Reliance Jio and Bharti Airtel have implemented substantial cost increases to…
Sebi raised the minimum amount required for a basic service demat account on Friday from Rs 2 lakh to Rs 10 lakh to encourage small investors to participate in the securities market. According to a circular from the Securities and Exchange Board of India (Sebi), the new rules will take effect on September 1. Small…
Nithin Kamath: Thanks to SEBI’s progressive legislation, US markets made news last week when they switched to the T+1 settlement cycle, matching the one that Indian bourses implemented two years earlier. This action has spurred conversations about instantaneous settlement, the next major development in the financial markets. Nithin Kamath, co-founder of Zerodha, finds the transition…
Maruti Suzuki India (MSI) announced a price reduction for multiple models within its Auto Gear Shift (AGS) lineup on June 1, as reported in a filing with the exchanges. The price adjustments apply to various popular models, including the Alto K10, S-Presso, Celerio, Wagon-R, Swift, Dzire, Baleno, Fronx, and Ignis. While the company confirmed the…
Reliance Infra stock: On April 10, shares of Reliance Infrastructure plummeted by 20 percent, reaching a lower circuit limit at Rs 227.4. This drop came following a Supreme Court directive instructing its airport metro arm to refund arbitral award payments received from the Delhi Metro Rail Corporation (DMRC). The Supreme Court approved DMRC’s curative petition,…
Paytm shares: The stock of One97 Communication, the parent company of Paytm, experienced a 4% decline, dropping to an intra-day low of Rs 388 following the resignation of Surinder Chawla, the MD & CEO of Paytm Payments Bank. In an exchange filing, the company stated that Chawla submitted his resignation citing personal reasons and a…
IREDA stock: Shares of Indian Renewable Energy Development Agency Ltd (IREDA) have surged by 253% from their yearly low of Rs 49.99 reached on November 29 last year. The renewable energy stock concluded 11.43% higher at Rs 176.45 on Friday, following the revision of the circuit filter limit by BSE and NSE for the state-run…
IIFL Finance: The stock prices of JM Financial experienced a notable decline of approximately 4 percent, while IIFL Finance saw a more significant plunge of 5.5 percent following the Reserve Bank of India’s announcement of a special audit for these two firms. By 12:40 pm, JM Financial was trading at Rs 72 on the BSE,…
LIC shares: In response to better-than-expected quarterly results, a few brokerages increased their target prices on Life Insurance Corporation of India Ltd. (LIC), which saw a spike in shares of over 6% on Monday. By doing this, LIC became the fourth most valuable stock on Dalal Street, briefly surpassing Infosys Ltd and ICICI Bank Ltd in the…
Adani Wilmar Q3 results: Operating revenue decreased 16.91% to Rs 12,828 crore from Rs 15,438 crore in the same period last year. Adani Wilmar revealed on Wednesday that its consolidated net profit for the third quarter of the current fiscal year 2023–24 (Q3 FY24) decreased by 18.29% year over year (YoY). Compared to the same…
