HDFC Q4 Earning Results | Profits fell by 21.97 % YoY | Net Interest Income rose 17 % YoY

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Why Google is interested in Vodafone? | Google-Vodafone deal

Google is in talks with Indian telecom giant Vodafone Idea for a 5% stake in the company. The valuation or the direct investment numbers haven't been revealed yet and when asked Google and Vodafone both have declined to comment on this. Why Vodafone-Idea need money? In late last October, the Supreme Court of India gave it's ruling on a decade-old adjusted gross revenues( AGR ) case where the supreme court asked Vodafone to pay Rs. 28,300 crore (expected to be 53,000 crores) in dues and interests to the Indian Government. Out of the huge amount Vodafone-Idea has already paid Rs. 6,854 crores which are the principal amount, it needed to pay as of March 6, 2020. Some respite came to the company where they got Rs. 733 crore tax relief. Also, the tariff hikes late last year has helped the company to survive so far. Vodafone India's parent company ( Vodafone Group plc ) with a 45% stake has been looking for investors as they don't want to put any more money into the busin

Why Vedanta share price is going up?

Mining mogul Anil Agarwal is considering voluntary delisting Vedanta from the Indian stock market. He will offer Rs. 87.5 to the 49.46 percent public shareholders of Vedanta. Promoter group Vedanta Resources Ltd holds 50.14 percent of the subsidiary company, Vedanta. It is not the first time Vedanta is delisting its stock from the stock market. They have previously delisted their share from the London Stock exchange in 2018. Vedanta LSE Delisting In an interview given to India Today in 2018, Anil mentioned - "The London listing has served us extremely well since that time. However, given the subsequent growth of our underlying businesses and the maturity of the Indian capital markets, together with related feedback from our shareholders and other stakeholders, we have concluded that a separate London listing is no longer necessary to achieve the Vedanta Group's strategic objectives." In the same year, thirteen unarmed protesters were killed in the police firing, deman

Why indian stock market is going up?

Today is the 40th day of lockdown in India. Revenue of many companies is affected due to the country-wide lockdown. The stock market is still soaring. Why? Sensex is up by 3.05% and Nifty by 3.21% in one day. We have put together a list of reasons that improved the sentiment of the stock market in the last week. 1. Remdesivir's positive results CEO of Gilead Sciences announced the results of a recent trial in an open letter. He stated - "patients with COVID-19 who received Remdesivir recovered faster than similar patients who received placebo." This is positive news in times of uncertainty and it pushed the stock price of the company by 2.32% in one week. It also improved the overall sentiment of domestic and global markets. There is an evident correlation between the search results of the keyword Remdesivir and the up-trend in Sensex. The positive results of Remdesivir also influenced the markets in Asia. Asian markets have a considerable impact on t

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