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Exide’s lithium-ion cell project secures Rs 2,000 crore line of credit from banks

by Adesola Mojo
Exide’s lithium-ion cell project secures Rs 2,000 crore line of credit from banks

Exide Industries Ltd’s Rs 6,000 crore lithium-ion cell manufacturing project has secured a line of credit of Rs 2,000 crore from banks. Exide’s wholly owned subsidiary, Exide Energy Solutions Limited, …

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Categories Automobile

10 Factors Influencing Thursday’s D-Street Activity

by Craig Fedirighi
10 Factors Influencing Thursday’s D-Street Activity

Indian equities, ahead of the crucial RBI policy outcome on Thursday, ended on a positive note. The Nifty settled at 19,633, up 62 points, while the Sensex added 149 points, …

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Categories Business

Previewing the Market: 10 Key Factors That Will Shape Wednesday’s Trading

by Craig Fedirighi
Previewing the Market: 10 Key Factors That Will Shape Wednesday’s Trading

Indian equities fell on Tuesday, breaking their two-day winning streak, as investors turned cautious ahead of the key events — RBI’s monetary policy and the US inflation data — due …

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Categories Business

HDFC Bank Appoints Jagdishan as the Highest-Paid CEO in FY23 with a Pay of INR 10.55 Crore

by Craig Fedirighi
HDFC Bank Appoints Jagdishan as the Highest-Paid CEO in FY23 with a Pay of INR 10.55 Crore

MUMBAI: HDFC Bank’s Sashidhar Jagdishan has emerged as the highest-paid bank chief executive in FY23, grossing over Rs 10.55 crore in overall pay. Jagdishan’s colleague Kaizad Bharucha, the deputy managing …

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Categories Business

State Bank: Largest loser as market cap of seven out of top-10 most valued firms from HDFC Bank falls by Rs 1 lakh cr

by Craig Fedirighi
State Bank: Largest loser as market cap of seven out of top-10 most valued firms from HDFC Bank falls by Rs 1 lakh cr

The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,09,947.86 crore last week, with State Bank of India taking the biggest hit, in-tandem with …

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Categories Business

Upcoming IPOs: TVS Supply Chain Solutions and Srivari Spices to Open Next Week. Get the Details Here.

by Craig Fedirighi
Upcoming IPOs: TVS Supply Chain Solutions and Srivari Spices to Open Next Week. Get the Details Here.

Action in the primary market is expected to remain high next week as well. The mainboard initial public offering (IPO) of TVS Supply Chain Solutions will open on Thursday, July …

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Categories Business

RBI Approves ICICI Bank’s Plan to Raise Stake by Up to 4% in Subsidiary ICICI Lombard

by Craig Fedirighi
RBI Approves ICICI Bank’s Plan to Raise Stake by Up to 4% in Subsidiary ICICI Lombard

ICICI Bank received approval from the Reserve Bank of India (RBI) to raise its stake in ICICI Lombard General Insurance Company by up to 4% in multiple tranches. The private …

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Categories Business

All You Need to Know About the Launch of Poco M6 Pro 5G in India Featuring Snapdragon 4 Gen 2

by Ev Richard
All You Need to Know About the Launch of Poco M6 Pro 5G in India Featuring Snapdragon 4 Gen 2

Poco, a spun-off brand of Xiaomi, has launched a new smartphone – M6 Pro 5G – in India. The smartphone has a 90Hz display, Snapdragon 4 Gen 2 chipset, and …

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Categories Technology

Important Market Indicators: Key Factors Influencing Friday’s Trading Activity

by Craig Fedirighi
Important Market Indicators: Key Factors Influencing Friday’s Trading Activity

Benchmark Sensex plummeted by 542 points to reach a four-week low, while Nifty closed below the 19,400 level, extending their losses for the third consecutive day on Thursday in line …

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Categories Business

Fitch Cuts US Rating for the Second Time in History; Sensex Drops 677 Points

by Craig Fedirighi
Fitch Cuts US Rating for the Second Time in History; Sensex Drops 677 Points

MUMBAI: The decision by global ratings major Fitch to downgrade the sovereign rating of the US — for only the second time in the history of the world’s largest economy …

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Categories Business
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