Digestible Finance News - Dalal Street movements in under 5 mins!
Parle-G has been in the green for past 23 years and it can thank a team of Eight Commodity traders for it...
Tata Motors - owner of Jaguar Land Rover- has lost 77% of its stock price over the last three years. Culprit - JLR...
Cox & Kings (India) Ltd. failed to repay Rs 150-crore debt in June despite having a cash balance of Rs 700 crore just three months earlier. And the defaults continued. Spooked investors began offloading shares, wiping off nearly 90 percent of its market value.
India's largest consumer goods maker, Hindustan Lever, is cutting prices of soaps and detergents by 10 – 12% to pass on the benefit of cheaper inputs, as the company aims to win customers amid stiff competition and weak demand.
Things are so bad with Dalal street that when Infosys announced its earnings on Friday and it met investors’ expectations (Note: NOT exceeded), investors became happy and bought more of it, pushing the stock price higher by 4%! This is equivalent of you getting 35/100 in Maths and your parents throwing a lavish party, with JLo as one of the performers, in your honor.
Jio's radical & super smart che aana strategy explained & why Uber is undertaking a plastic surgery that rivals those of our K-Serials' characters!
BHEL (puri) jumps 4% after getting a Rs. 1,600 crore order while Tinder gets sued for giving you fake love. Let's dig in...
Yes Bank, India's fourth largest private lender, is in early talks to sell 15% of itself to Microsoft. This comes after the bank lost nearly 75% of its stock value from beginning of the year. Up until 2018, Yes Bank used to be a darling of Dalal street, so what happened that is causing this fire sale? Let's dig in...
The secretive world of Swiss banking has been rocked by a wild scandal involving spies, a suicide, and a clash at a cocktail party. Credit Suisse hired private investigators to spy on Iqbal Khan, its former head of wealth management, after he feuded with CEO Tidjane Thiam and left for the bank's local archrival, UBS, earlier this year. The fiasco has culminated with the resignation of both the Swiss bank's COO and Head of Global Security, and the death of the contractor who hired the spies to follow Khan.
Container Corporation of India (CONCOR) rallied 10 % yesterday & hit a record high. WHY? Adani Group might acquire in the company from Govt BUT did you know, there is some serious Komolika-level drama between Adani & Concor, making this acquisition super awk for both parties? Let's dig in...
IRCTC (indlan Railway Catering and Tourism Corporation) went IPO yesterday, raising~$10M by selling 12% of its stocks thus, making the railway’s catering company valued at $100M. (PS: remaining 88% will still be owned by the Govt.) The biggest source of its success-selling garam pakoda. Here's the catch about this IPO – all the money raised will NOT go to IRCTC but to Govt who is having a shortfall in its budget. Let's dig in...
On Friday, Tata Motors slipped 5% after Jaguar Land Rover ( a TATA company) announced that it would shut its UK factories for a week in November to mitigate potential disruption from a no-deal Brexit (i.e. UK leaving the EU without any contracts in place on Oct 31st). However, what most folks don’t know is JLR’s sneaky plan B that will protect it from any Brexit fallouts. Here’s how…
Varun Beverages (VBL) is the biggest bottle manufacturer & distributor of all Pepsi products pan India. The GST hike on soft drinks just made things bleak for it - Blame Stanford. WHY? Let's dig in!