Finshorts
The rupee weakened 38 paise to 87.33 against the US dollar, its steepest fall in over a month, amid rising crude oil prices and continued foreign investor selling. Despite a weaker dollar, domestic equity losses added pressure. The Reserve Bank of India reported a $1.78 billion drop in forex reserves. Market sentiment remains cautious as … Read more
Vodafone Idea shares fell 4% after reports indicated no relief from the government on its Rs 6,090 crore bank guarantee due today. The company expected exemptions on guarantees for past spectrum auctions but faces a shortfall from the 2015 auction. With cash flow concerns and no breakthrough on debt funding, analysts warn of challenges in … Read more
Castrol India Limited’s stock soared 13.36% to Rs 252 on the Bombay Stock Exchange (BSE) on March 06, 2025, as Saudi Aramco eyed BP’s Castrol lubricants unit, valued at USD 10 billion. This major move follows Aramco’s 2023 Valvoline buy. With Aramco targeting India’s growth market, this key development could boost Castrol India’s future, driving … Read more
Ola Electric Mobility Limited became India’s first two-wheeler electric vehicle (EV) maker to grab Rs 73.74 crore under the Production Linked Incentive (PLI) Scheme for FY 2023-24 sales, as per a March 5, 2025, filing. This key development strengthens Ola’s lead in the EV market, with a 28% share. The cash boost signals strong growth … Read more
IHC Capital Holding sold 84.48 lakh Adani Enterprises Limited (AEL) shares for Rs 1,832 crore on March 05, 2025, at Rs 2,168.1 per share, cutting its 0.73% stake. Despite this, AEL stock jumped 4.57% to Rs 2,244.85, with other Adani stocks like Adani Green Energy up over 10%. This key development, alongside Adani’s recent acquisitions, … Read more
Nokia finished delivering 5G equipment to Vodafone Idea Limited (VIL) on March 5, 2025, speeding up the telecom’s 5G rollout, starting with Mumbai by March 14. The Finnish firm will also deploy over 60,000 4G and 5G sites by month-end. This major move boosts VIL’s network coverage and capacity, promising stock growth as 5G launches … Read more
The Enforcement Directorate (ED) issued a Rs 611 crore show cause notice to One 97 Communications Limited (OCL), Paytm’s parent, for Foreign Exchange Management Act (FEMA) violations on March 03, 2025. The notice targets OCL and subsidiaries Little Internet and Nearbuy India for unreported foreign investments from 2015-2019. This major move dents investor trust, likely … Read more
The Indian Rupee gained 3 paise, closing at 87.34 against the US dollar on March 03, 2025, due to a weaker dollar and falling crude oil prices (Brent at USD 72.45/barrel). Despite volatile markets and Foreign Institutional Investors (FIIs) selling Rs 11,639 crore, exporters sold dollars, supporting the rupee. If the trend holds, this key … Read more
Foreign Direct Investment (FDI) in India fell 5.6% to USD 10.9 billion in the October- December 2024 quarter due to global economic challenges, down from USD 11.55 billion last year. However, the total FDI for April- December 2024-25 grew 27% to USD 40.67 billion. Sectors like services, telecom, and auto saw gains, boosting stocks in … Read more
Foreign Portfolio Investors(FPIs) have withdrawn Rs 1.12 lakh crore from Indian equities in 2025, including Rs 34,574 crore in February, amid high valuations, weak earnings, and global trade tensions. The selling pressure has dragged the Sensex down over 6% year-to-date. FPIs are shifting focus to Chinese stocks due to lower valuations while reducing exposure to … Read more