(i) Elofic Industries Limited was incorporated in 1973, under the provisions of the Companies Act, 1956. The company along with its subsidiary (collectively referred to as the Group) is engaged in manufacturing and supplying of automobile filters and lubes. The Holding Company has its Registered Office at 14/4, Mathura Road, Faridabad-121003. (ii) Elofic is one […]
Stock Brokerage Services to be launched by PayTM After getting involved in the sectors of banking, e-commerce and insurance, the fintech unicorn PayTM will all be involved in stock broking services in the few coming weeks. Mr. Vijay Shekhar Sharma, the founder of PayTM, has said on Thursday (July 23) while speaking at the ongoing […]
Amazon looks to buy 9.9% shares in Reliance Retail Limited It has reported on Thursday (July 23) that Amazon Inc is negotiating to buy a 9.9 per cent stake in Reliance Retail Limited (RRL), the retail division of Indian conglomerate Reliance Industries Limited (RIL). The buzz of the market is that if the deal goes […]
Tamilnad Mercantile Bank records Net Profit of Rs 408 crore in FY20 Tamilnad Mercantile Bank (TMB), a lender in private sector, has reported its impressive performance for fiscal year 2019-20 along with many improvements in asset and growth in profits. For the year ended March 31, 2020, the net profit of bank has increased by […]
Reliance Industries Ltd. to Postpone Q1 results Announcement to July 30 On Tuesday (July 21), Reliance Industries Limited (RIL) in a filing with the stock exchange confirmed that the company has decided to postpone the announcement of its June quarter earnings to July 30, 2020. Earlier, the company had decided to make announcement on July […]
Shares of Chennai Super Kings (CSK) Gained by 50% The COVID-19 pandemic has already cast doubt on the feasibility of this year’s Indian Premier League (IPL). The Board of Cricket Control Council of India (BCCI) has currently postponed the IPL 2020 season and is doing its best to try to see if the tournament can […]
9,00,000% Premium in Unlisted Share Market ! When this stock was last traded on June 15, 2020, it reached a high of 5 per cent at 9.09 rupees. According to the data from BSE, it has been traded only six times in last one year. Today, its quotation in the unlisted market is 80,000 rupees […]
The Insurance Regulatory and Development Authority of India (IRDAI) has issued the final guidelines, which contain the standard features of Corona Kavach, a COVID-19 specific health insurance plan, and has allowed 29 general insurance companies and health insurance companies to promote the policy. The IRDAI has said in its press release that the authority has […]
Amid this critical situation of COVID-19 pandemic, it might be quite confusing for financial investors to pick a right portfolio from a blend of equity and debt available which are available as of now. But a mutual fund advisers can easily guide. Focused funds invest funds in limited securities in specific areas rather than a […]
UTI AMC (Asset Management Company), which is the seventh largest asset management company in India, has been approved by Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO). After HDFC Mutual Fund and Nippon Life Asset Management, UTI AMC will be the third mutual fund house launching an IPO in […]
