Daily Market Highlights OCT 2021
-
Market Walk
Daily Market Highlights OCT 14th
Infosys on Wednesday raised its revenue growth guidance for the financial year 2021-22 Infosys raised its revenue growth guidance for FY22 to 16.5-17.5%, nearly 150 bps higher at the upper end. For the Sep-21 quarter, Infosys reported 11.7% growth in net profits at Rs.5,428 crore while revenues were up 20% at Rs.29,602 crore. Total contract value (TCV) stood at $2.15…
Read More » -
Market Walk
Daily Market Highlights OCT 13th
TPG to invest $1 billion in Tata Motors electric vehicle subsidiary In a key development, TPG will invest Rs.7,500 crore or $1 billion in the EV subsidiary of Tata Motors. The investment will be made over 18 months. In exchange, TPG will get a 11% stake in the EV business valuing the EV business at $9.1 billion approximately. Apparently, some…
Read More » -
Market Walk
Daily Market Highlights OCT 12th
Previous Day Market Update Sensex closed at 60135.78 Up by 76.72 points Nifty closed at 17,945.95 Up by 50.75 points A day after the Government issued the Letter of Intent to Tata Sons for Air India acquisition, the board of Tata Sons will meet on Tuesday to discuss fund raising plans. Tata Sons plans to raise debt to fund the acquisition.…
Read More » -
Market Walk
Daily Market Highlights OCT 11th
Reliance Industries announced the acquisition of 40% in Sterling & Wilson Solar for Rs.2,850 crore. SWSL is owned by Shapoorji Pallonji group. The deal will be done by Reliance New Energy via preferential issue and open offer. The acquisition will enable Reliance to make inroads into Middle East markets. After the fallout with Tata Sons, SWSL was in a severe…
Read More »