Introduction Reliance Industries Limited (RIL), one of India’s largest conglomerates, has recently seen its share price hit lifetime highs for two consecutive days. This remarkable ascent, which has seen the share price rise from ₹2,883 to ₹3,075 per share in just three sessions, is a significant event in the financial market. The surge is largely…
Introduction Hyundai IPO: Hyundai Motor India is set to make history with its initial public offering (IPO), poised to become the largest IPO in Indian history. By offloading around 13% of its stake, Hyundai aims to generate approximately ₹25,000 crore. This monumental event is expected to have significant implications for the Indian auto sector, particularly…
The 53rd GST Council Meeting, chaired by Union Finance Minister Nirmala Sitharaman, took place on June 22, 2024, in New Delhi. The council discussed several important changes to the Goods and Services Tax (GST) regime, focusing on refining tax rates and service exemptions. This comprehensive guide covers all the key decisions and implications from the…
The Indian government’s push towards electric buses is set to revolutionize the transportation sector. With a ₹60,000 crore capital expenditure plan for electric buses, significant opportunities arise for companies involved in electric vehicle (EV) manufacturing. This initiative aims to reduce energy dependency, provide environmental benefits, and boost the “Make in India” campaign. As part of…
Introduction Morgan Stanley, a leading global financial services firm, has made a significant move by acquiring 1.7 crore shares of Axis Bank. This transaction, valued at Rs 2,083 crore, highlights Morgan Stanley’s strategic interest in the Indian banking sector. Axis Bank, one of India’s prominent private sector banks, has seen a flurry of activity recently,…
