Tag: Markets

Vedanta to delist American depositary shares on New York stock exchange; Stock dives 2%

Vedanta has announced its intention to delist American depositary shares (“ADSs”) from the New York Stock Exchange (NYSE) and terminate its respective depositary programme. The company plans to focus on all trading of its equity shares on Indian stock exchanges upon delisting. In its regulatory filing, on Thursday, Vedanta said that “to delist (“Delisting”) its […]

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New rules for investing in China: Lessons from Beijing’s education crackdown

Chinese ride-hailing company Didi offers cars for guests of the Annual Meeting of the New Champions 2017 (World Economic Forum’s Summer Davos session) on June 27, 2017, in Dalian, Liaoning Province of China. VCG | Visual China Group | Getty Images BEIJING — As overseas investors reel from Beijing’s regulatory crackdown, the rapid fallout in […]

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HDFC Bank stock jumps 2% after clarifying on fundraising of Rs5,000cr via infra bonds

Private lender, HDFC Bank stock was near the day’s high on Thursday after clarification on a buzz that said the bank was planning to raise a whopping Rs5,000cr through the issuance of infra bonds. The lender has neither denied nor approved the buzz. At around 1.23 pm, HDFC Bank was trading at Rs1562.75  per piece […]

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Federal Reserve holds interest rates steady, says tapering of bond buying coming ‘soon’

The Federal Reserve on Wednesday held benchmark interest rates near zero, but indicated rate hikes could be coming a bit sooner than expected while significantly cutting their economic outlook for this year. Along with those largely expected moves, officials on the policymaking Federal Open Market Committee indicated they will start pulling back on some of […]

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Godrej Properties records sales of Rs575cr in a single day on second phase launch of Godrej Woods project; Stock hits new high

Godrej Properties has achieved sales of a whopping Rs575cr in a single day at the launch of the second phase of its project Godrej Woods in Noida. The Mumbai-based real estate developer received an overwhelming customer response to its unique forest-themed phase named Evergreen taking total sales in the project in the past 6 months […]

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Kitex Garments signs MoU with Telangana Govt to invest Rs2,406cr in a textile and industrial park; Stock rises

Kitex Garments has signed the Memorandum of Understanding (MoU) with Telangana State Government for investing Rs. 2,406 crores in the state of Telangana. The investment is planned at Kakatiya Mega Textile Park, Warangal and Industrial Park, Sitarampur, Rangareddy District. Under the Kakatiya Mega Textile Park, Warangal, the company plans to invest Rs1,113cr. The company will […]

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Yes Bank partners with Visa to issue credit cards on payment network

Private lender, Yes Bank has partnered with Visa to offer credit cards to its customers on the payment platform. With the tie-up, the Bank commences issuance of select credit card variants, consumer as well as commercial, on Visa’s payment network – the transition has been achieved within a record time of fewer than 60 days, […]

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