Kshitij Bhargava

Articles By Kshitij Bhargava

69 Articles

Reliance Jio user base rising rapidly but Vodafone Idea still the telco king in rural India

Data provided by TRAI shows that the subscriber base of the troubled Vodafone Idea in rural India stands at 17.2 crore in December 2019, while that of Reliance Jio was at 15.2 crore.

Industry News

Cipla share price falls 5% after warning letter from US Food and Drug Administration

he USFDA had conducted an inspection at Cipla’s Goa facility in September last year. Cipla share price was down at Rs 406 on market opening.

Markets News

SBI Cards IPO: Huge customer base, strong promoter backing; should you ‘subscribe’? Analysts explore

SBI Cards is the second-largest market player when it comes to credit cards. SBI is India’s largest commercial bank in terms of deposits, advances and number of branches as of September 30, 2019.

IPO News

SBI Cards IPO to be the fourth largest PSU IPO; here’s how bigger ones have fared in share market so far

SBI Cards and Payments Services is all set to enter Dalal Street with its initial public offer (IPO), which is set to open on 2 March 2020.

Markets News

3 steel stocks that may gain the most as Coronavirus keeps India steel prices strong

The weakness in steel prices could continue as China looks to reduce its inventory in the next few months. With all this, ferrous metal companies in India are likely to benefit, a report says.

Commodities News

Investors lose over Rs 3 lakh crore in share market today, as Coronavirus spreads beyond China

BSE Sensex saw its worst trading session in more than three weeks, as Investors lost more than Rs 3 lakh crore in the market as increased cases of the deadly Coronavirus, outside China, saw a sharp rise.

Markets News

Max Financial share price gains, Axis Bank stock slips; here’s what sales deal means for both

Max Financial Services share price gained more than 7 per cent during the early trading hours on Monday as investors reacted to news of a deal with Axis Bank.

Markets News

GMR Infrastructure share price jumps 11% as it signs deal with Groupe ADP for 49% airport stake

GMR Infrastructure Limited jumped more than 11 per cent during the early hours of trade on Monday morning, hitting a 52-week-high of Rs 26.35.

Markets News

AGR dues, global cues moved share market this week; what to expect in the week ahead

Coronavirus moved the markets this week as well as the government assured that it will take swift remedial steps to help the sector that fear impact on business due to the health emergency in China.

Markets News

As Jaguar Land Rover hits Coronavirus speed bump, infection may spread to Tata Motors

Jaguar Land Rover has been flying in parts from China in suitcases for its assembly line in the United Kingdom.

Markets News

Telecom crisis not limited to AGR; former finance secy Subhash Chandra Garg lists troubles in sector

According to Garg, the telecom business is heading towards a duopoly - with only Airtel and Jio on the scene while the remaining two, Vodafone-Idea and BSNL-MTNL hurtling towards an eventual shutdown.

Industry News

Tata Motors share price slips 3% as Jaguar Land Rover says Coronavirus will impact business

Share price of Tata Motors slipped 3 per cent on S&P BSE Sensex on Wednesday to trade at Rs 156.70. The passenger and commercial vehicle manufacturer draws significant revenue from sales in China through its subsidiary Jaguar

Markets News

Kotak Mahindra Bank share price at a 52-week-high after RBI approval on promoters’ shareholding

Share price of Kotak Mahindra Bank gained more than 2 per cent during the opening hours of trade on Wednesday to hit a new 52-week high of Rs 1,739 after the lender said that the RBI has granted final approval to its plan of

Markets News

Aurobindo Pharma share price jumps 15% after USFDA grants EIR to its manufacturing facility

Shares of Aurobindo Pharma jumped more than 15 per cent on Wednesday morning to trade at Rs 580 apiece on the back of US Food and Drug Administration granting EIR with VAl status, to the company’s Unit IV.

Markets News

Banking stocks extend losses, this major factor is behind their recent slump

In the fallout of the Supreme Court’s refusal to grant any relief to telecom companies over their adjusted gross revenue (AGR) dues, majority of the banking stocks ended the day in red.

Markets News

SBI Cards IPO gets SEBI nod, should you invest or not? Here’s what analysts think

SBI Card and Payment Services, another PSU stock is about to enter the market after getting a go-ahead from Securities Exchange Board of India (SEBI) to float an initial public offering (IPO). If reports are to be believed th

Markets News

JSW Energy share price jumps 5% on take-over of GMR’s Odisha thermal plant for Rs 5,321 crore

JSW Energy Limited share price jumped more than 5 percent on Tuesday after the company announced the take over 100% stake in GMR Kamalanga Energy Ltd (GKEL) for Rs 5,321 crore.

Markets News

State Bank of India no longer among the top 10 most-valued firms on BSE; this NBFC surpasses it

The state-owned bank has been over-taken by Bajaj Finance with a market capitalisation of Rs 2,87,802.92 crore while the later stood at Rs 2,85,185.96 crore.

Markets News

LIC Housing Finance share price tanks on news of possible IDBI merger, management denies reports

Share price of LIC Housing Finance tanked 12 per cent during the early hours of trade touching a price of Rs 364.60 down from its opening price of Rs 399.

Markets News

Vodafone Idea share price sinks; takes down SBI, Axis Bank, Canara Bank stocks too after AGR ruling

As telecom companies failed to get some respite from the Supreme Court on their adjusted gross revenue (AGR) dues, Vodafone Idea shares sunk more than 22 per cent, taking along stocks of government and private banks with expo

Markets News

Amid Coronavirus scare, these 3 consumer durable stocks could gain as China halts production

As China continues to battle the outbreak of the deadly Coronavirus, closed factories around Hubei province of China could impact the business of Indian consumer durable manufacturers that import various components from Chine

Markets News

DMart share price falls as Radhakishan Damani and family decide to reduce stake

Avenue Supermarts, the parent company of DMart, saw its share price drop by 3.50 per cent on Friday morning as the company’s promoters geared up to sell part of their stake in the company through an offer for sale or OFS.

Markets News

Crude oil windfall to India’s rescue: How weak crude oil prices may give respite amid economic gloom

Prices are down and so is demand; and while this might not be good news for OPEC and its allies, India’s oil marketing companies and the country in general could benefit, according to experts.

Commodities News

Dr. Reddy’s Laboratories share price hits 52-week high after finalising deal with Wockhardt

A day after entering into a definitive agreement with Wockhardt Limited to acquire select divisions of its branded generic business, shares of Dr, Reddy’s Laboratories hit a 52-week high of Rs 3,289.60 up from its opening p

Markets News

Coal India shares continue weak run, here’s how much investors have lost since listing

Coal India shares have burnt a deep hole in the pockets of investors who bought it during the initial days, now trading at nearly half the price it hit on the day of its listing on the stock exchanges over nine years ago.

Markets News

Yes Bank share price gains as management sends positive signals on much-needed funds

Share price of troubled private sector lender Yes Bank gained 5 per cent on as markets opened on Thursday morning after the bank on Wednesday said that its management is ‘deeply engaged’ in fundraising and would post the

Markets News

PNB Housing Finance, LIC Housing, Indiabulls shares fall as clarity emerges on real estate loan recast

Shares of housing finance companies such as PNB Housing Finance, Indiabulls Housing Finance and L&T Finance Holdings slumped today after clarity emerged that RBI’s relaxation of real estate loan repayment rules was applicab

Markets News
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