Stock Market

Why one stock brokerage is bullish on Reliance Industries and Infosys

India’s stocks didn’t get off to a good start in the first half of the year, but stockbroker Kotak Securities remains bullish on two stocks. Reliance Industries, an energy and telecommunications conglomerate, has made many small acquisitions and is “very aggressive” in converting companies into digital companies, said Shrikant Chouhan, executive vice president and head …

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Officer’s Choice whisky maker files draft papers for ₹2,000 crore IPO

Indian spirits manufacturer Allied Blenders & Distillers Pvt has submitted its draft red herring prospectus (DRHP) to the capital market regulator Securities and Exchange Board of India (SEBI) to raise funds for up to 2,000 crore through initial public offering (IPO). The creator of Officer’s Choice Whiskey’s first stock sale of 2,000 crore, will consist …

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Rupee Ends At Its Weakest; Record Low Close For Five Straight Sessions

The rupee ends at a new low of 78.xx, weakly closing its 5th consecutive record The rupee fell Tuesday, closing at 78.83 per dollar for the time being, its weakest on record, marking the fifth consecutive session of record-low closes. Rising oil costs fueled long-term inflation concerns and pushed the rupee to a new all-time …

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Record $82 billion dealmaking spree sees India defy global slump

Bankers in India posted their best-ever M&A quarter, while deal closings elsewhere are slowing. India saw $82.3 billion pending and completed mergers and acquisitions in the second quarter, its highest amount ever, according to data collected by Bloomberg. That’s more than double the previous record $38.1 billion in Q3 2019. Global M&A volume reached $827.6 …

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fund manager: Macros a source of random risks, not an opportunity to add alpha, says $5 bn fund manager

NEW DELHI: In 1985, a young boy, then 13, captivated a 100 percent rally in stocks onto Dalal Street. Being in the financial capital of Mumbai and then Bombay, all his family savings were in stocks The opportunity for wealth creation was huge, he recalls, as he has remained hooked to domestic stocks ever since. …

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South Indians crack the most jokes at work in country: LinkedIn study | Chennai News

CHENNAI: Joking is good for office culture and professionals of South India are more humorous at work, a recent survey by a professional networking platform LinkedIn has shown. Professionals in the south crack the most jokes in the country, with more than 2 in 5 (43%) doing so at least once a day, followed by …

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Mukesh Ambani resigns as director of Reliance Jio, Akash Ambani named chairman

Reliance Industries’ digital arm, Reliance Jio Infocomm Ltd, announced Tuesday that Ambani will resign as company president effective June 27. The company said it had appointed non-executive director and Ambani’s son Akash Ambani as chairman of the board. Pankaj Mohan Pawar will assume the position of general manager of the company from June 27. The …

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