Covid resurgence to impact FY22 IPO season

Mumbai (IANS) Covid resurgence is expected to not only impact India's secondary markets but also the FY22 IPO season.

The expected trend assumes significance since many Unicorns plan to go public in the next 6-8 months.

In financial…

Samsung tops global smartphone market with 23% share in Q1 2021

New Delhi (IANS) Samsung defended its leading position in the global smartphone market in the first quarter of the year, shipping 77 million smartphones and capturing 23 per cent market share (a growth of over 32 per cent on-year), according to a…

Brace for hike in petrol, diesel prices post elections

New Delhi,  (IANS) Petrol and diesel prices may increase soon at the end of the ongoing Assembly elections with oil companies looking to raise the retail price of the two auto fuels between Rs 2 and Rs 3 per litre in phases and make up for the losses…

Equity indices in green; banking, auto stocks rise

Mumbai (IANS) The key Indian equity indices opened on a positive note on Tuesday with healthy buying banking, finance and auto stocks.

Around 10.10 a.m., Sensex was trading at 48,233.17, higher by 283.75 points or 0.59 per cent from the previous…

Sensex tanks 1,400 points amid surging Covid cases

User-generated content to fuel remote work, learning in India

New Delhi/Gurugram (IANS) As India grapples with the second Covid wave amid seismic shift in the way people work and learn, this year and beyond will be a major inflection point for the user-generated content on smartphones in the country, a new report…

HDFC Bank's Q4 standalone net profit rises over 18%

Mumbai (IANS) Lending major HDFC Bank on Saturday reported an 18.2 per cent increase in its standalone net profit for the fourth quarter of FY21 ended March 31, 2021 on a year-on-year (YoY) basis.

The bank's net profit for the fourth quarter…

Fiscal package may be on cards to maintain economic recovery amid Covid 2.0

New Delh (IANS) A fiscal stimulus package may be on the cards again as the government looks at ways to prevent the present surge in Covid-19 cases and the ensuing restrictions imposed by the states from derailing the economic recovery.

After…

Mutual funds' AUM surges 41% to Rs 31 lakh cr in FY21

Mumbai (IANS) Assets under management (AUM) of the mutual fund industry witnessed a growth of 41 per cent in the last financial year to touch a new high of Rs 31.4 lakh crore.

The growth was primarily led by an increase in AUM of equity funds…

2nd Covid wave poses threat to India's economic recovery: Moody's

New Delhi (IANS) The second wave of infections presents a risk to Moody's growth forecast for India as the reimposition of virus management measures will curb economic activity and could dampen market and consumer sentiment.

Moody's…