Growth of 115 percent in Passenger Vehicle

The demand for the passenger vehicle increases to 115 percent amid the low base effect in the month of March. The last month’s data shows a record of high sales of 290,939 in passenger vehicle cars vans etc. In contrast, last year in the same month the sales were in 135,196 units. The manufactures put
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Increasing concerns in the Market due to COVID-19

The market concerns are increasing with the increase in the cases related to COVID-19 since last month. Many states now have imposed restrictions to control the spread. The market becomes anxious with the probability of lockdown impositions as it might slow down the economic activities again. The country ranks second after the US to have
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An upsurge of share price in Infosys

The share price of Infosys rose to Rs 1480 or 2 percent in the early trading session of April 12. The price increased as a consequence of the company’s announcement to discuss regarding buy back shares. The meeting will take place on April 14, 2021. Additionally, the discussion of the meeting involves the approval and
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NIIF perchance buy a portion of Ashoka’s assets

As per the reports, the National Investment and Infrastructure Fund might buy hybrid annuity road assets of Ashoka Concessions Ltd. The value of buying the assets amounts to $100 million in terms of equity. The sale of Ashoka Concessions assets includes 15 projects, including six operational toll assets under the build. Further, operate, transfer (BOT) model, one
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Last day for IPO of Macrotech Developers today

On April 9, the initial public offering of Macrotech Developers completely subscribed with 86 percent till now. The bidding started on April 7 and ends today. As per reports, the shares after bidding gave a collection of 3.14 crore equity. The initial quantity of shares was a size of 3.64 crore equity shares. The subscription
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True North sold its partly stake in PolicyBazaar 

True North sold a part of stake in PolicyBazaar to a cluster of buyers including SII, Triumph Global Holdings, and more. However, the amount remained undisclosed in the formal statement. Earlier in 2020, the company took the stance to sell its holding in the company for the first time. As per the reports, the company
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Upsurge in the share price of SREI Infra

Recently, the share price of infrastructure financing company SREI Infra moved up 20 percent touching the allowed maximum price. The company obtained a strong interest from Arena Investors LP and Makara Capital Partners. They proposed to offer a certain amount of valuation of Rs $250 million as capital. Consequently, the shares touched the upper circuit
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Gold trading on the lower side today

On April 9, the metal trading went unexciting in the market. The current prices in the international market also experienced slow growth. In recent times the metal may observe gains in the weekly time in the middle of a weak dollar. The MCX Gold June recorded a price of Rs 46,760 with a down of
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Alteria Capital raises Rs 1,325 cr; plans to fund startups

On April 9 the venture debt fund Alteria Capital generated an amount of Rs 1325 crore for the second fund. The firm plans to provide loans to startups by using the generated amount. The firm offers funds to those startups which previously raised money from venture capital. They also offer various options to these setups
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Insurance oil & gas sectors and realty perform well in March

The most participation of foreign portfolio investors observed in insurance oil & gas sectors and real estate. On the other hand, the IT, pharma, and metal observed fund outflow in the last month. The investment from foreign investors continues to flow last months of 2021. However, the flows regulated with rising cases of the virus
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