The government of India converted Vodafone Idea's spectrum auction dues to equity shares, raising its stakes to 48.99% in one of the largest telecom operators in the nation. Shares closed lower after Friday's stock market session. Continue Reading »
High entry barriers could be the cause of the low number of registered investment advisors (RIAs). In India, the RIA business should evolve to a paid one, he added. Continue Reading »
Stock exchange firm BSE's board of directors approved a bonus issue of shares on Sunday and disclosed that the record date for the same will be announced in the near future. Continue Reading »
Buy or sell: Ganesh Dongre of Anand Rathi recommends three stocks to buy or sell on Tuesday — Container Corporation of India (Concor), Natco Pharma, and Aurobindo Pharma. Continue Reading »
Wipro has landed a £500 million strategic deal with Phoenix Group, enhancing its service portfolio in the life and pension sector. The deal signifies Wipro's growth trajectory, though ongoing macroeconomic challenges could impact its revenue outlook and operational efficiency. Continue Reading »
The Iron ore accounts for 70 per cent of the total MCDR mineral production by value, with production reaching 274 million metric tonnes (MMT) in FY 2023-24. Continue Reading »