Reliance Industries (RIL) share price continued its record-breaking rally for the second consecutive day on Wednesday, hitting a fresh all-time high of Rs 2,724.95 on the BSE. The stock closed at Rs 2,718.40, up 2.58%, adding Rs 93,121.64 crore to its market capitalization, which now stands at a staggering Rs 18,39,183.64 crore. The strong performance…
ICICI Bank’s share price rose by 2% on Tuesday, June 25, 2024, as the bank’s market capitalization crossed the $100 billion mark. This milestone achievement highlights the bank’s strong performance and growth trajectory. ICICI Bank, one of India’s largest private sector banks, has been consistently outpacing the industry in terms of loan growth, asset quality,…
The 53rd meeting of the Goods and Services Tax (GST) Council is scheduled to take place on June 22, 2024, under the chairmanship of Union Finance Minister Nirmala Sitharaman. This meeting comes after a gap of eight months and is significant as it is the first council meeting following the NDA government’s third-term win in…
Zepto, a prominent player in the rapid grocery delivery market, has recently made headlines by raising an impressive $665 million in its latest funding round. This significant capital infusion comes as the company prepares for its initial public offering (IPO) next year, marking a pivotal moment in its growth trajectory. With this new round of…
The Nifty Financial Services Ex Bank Index is gaining traction among investors for several compelling reasons, making it a potentially attractive option in today’s financial era. This index, curated specifically to exclude banking stocks, offers unique advantages and opportunities that cater to diverse investment strategies and risk appetites. Understanding The Nifty Financial Services Ex Bank…
On June 18, 2024, millions of Reliance Jio users across India were left without internet connectivity and disrupted voice call services as the telecommunications giant experienced a significant service outage. This unprecedented disruption has sparked widespread concern and frustration among subscribers, underscoring the critical dependency on mobile networks in today’s digital age. The Scope Of…
Trade finance, the lifeblood of global commerce, is undergoing a profound transformation with the integration of digital supply chain management (DSCM) into traditional banking practices. This evolution promises to revolutionize how financial institutions support international trade, offering unprecedented efficiency, transparency, and risk management capabilities. Traditional Challenges In Trade Finance Historically, trade finance has been plagued…
Shareholders at Tesla have made a significant decision, choosing to maintain Elon Musk’s compensation schedule, which includes a record-breaking $44.9 billion pay package. This move comes after a contentious shareholder referendum, with some notable investors expressing opposition to the deal. Despite the controversy, the majority of shareholders have approved the package, which is seen as…
The recent filing of the initial public offering (IPO) by Bajaj Housing Finance, a subsidiary of Bajaj Finance, has sent shockwaves through the financial markets. The proposed IPO, worth ₹7,000 crore, is expected to be a significant milestone in the company’s growth trajectory. In this article, we will explore the implications of this IPO on…
The Budget 2024 announcement is eagerly awaited by millions of Indians, as it marks a crucial moment in the country’s economic calendar. Finance Minister Nirmala Sitharaman is set to present the seventh budget under the Modi administration, which has been in power since 2014. This will be the third budget of Modi’s third term, colloquially…
