LIC completes 51% controlling acquisition in IDBI Bank

LIC completed acquisition of 51% controlling stake in IDBI Bank today on 21st January 2019, making it the majority shareholder of the bank. The deal, conceptualized in June 2018, is envisaged as... Read more »

RuPay associates with Pro Volleyball League as a Title sponsor

RuPay, the flagship product of National Payments Corporation of India, acquired the title sponsorship rights of India’s newest franchise-based sports league, the Pro Volleyball League, that is set to start on 2nd... Read more »

2018 wraps with a record high of US$225 billion invested globally: KPMG Enterprise Venture Pulse Report

The final quarter of 2018 saw nearly US$64 billion* in VC investment globally, led by a $12.8 billion funding round to US-based e-cigarette manufacturer Juul. The VC deal, second only to the... Read more »

Xelpmoc’s IPO to open on January 23

Xelpmoc Design and Tech Limited (“Company”), a professional and technical consulting services, offering technology services and end-to-end technology solutions and support provider will be launching its initial public offering (“IPO” or the... Read more »

HDFC Securities launches Commodity Derivatives trading on MCX

HDFC securities announced the launch of commodity derivatives trading on MCX. Though India is quite under-penetrated as compared to other global markets, this trading space is transforming at a rapid speed with... Read more »

Yamaha launches 3rd generation FZ-FI &FZS- FI with ABS

India Yamaha Motor (IYM) Pvt Ltd. launched another exciting addition to the 149 cc segment today by unveiling its all new FZ-FI and FZS-FI with ABS in Bengaluru. The 3rd generation FZ,... Read more »

PhonePe now live across 1 million offline merchants in India

PhonePe, India’s fastest growing payments platform has announced that it has grown its offline merchant base to over 1 million. This milestone has been achieved in less than a year and reflects... Read more »

Market Outlook

By Mehul Kothari Senior Research Analyst Equity, IndiaNivesh We have been waiting for quite some time for this breakout since we had a buy on dips view. Now, since the index has... Read more »

Gold prices fall first weekly decline since mid-December

By Manoj Kumar Jain Director and Head Commodity Research, IndiaNivesh Friday, both the precious metals were traded negative in international markets. Gold settled at $1281.15 per troy ounce down by 0.86% while... Read more »

Dollar/Rupee witnessed 0.93% speculative bounce back from the weekly low 70.5225 and settled at 71.2250 levels

By Seema Yadav Research Analyst, IndiaNivesh Dollar/Rupee witnessed 0.93% speculative bounce back from the weekly low 70.5225 and settled at 71.2250 levels. Jitters of EU-UK exit and surge in Brent had brought... Read more »