Apr 7, 2022Yes Bank shares jump 10% after rating upgradeCARE said Yes Bank’s rating upgrade factors in the bank’s continued demonstration of stabilisation of operations and growth in business, Avaneesh Parasar — Shares of Yes Bank jumped over 10%, hitting a 52-week high level of ₹16 apiece on the BSE in Thursday’s opening deals after rating agency CARE upgraded the bank’s ratings assigned to its debt instruments such as Infrastructure Bonds, Tier II Bonds among others.Avaneesh Parasar2 min readAvaneesh Parasar2 min read
Apr 6, 2022‘Kidney Bechni Padegi’: Fans Not Happy With Apple Showing Interest In IPL Media RightsSeveral Indian, as well as global companies, have shown interest in buying the media rights for the Indian Premier League’s (IPL) 2023–27 broadcast cycle, Avaneesh Parasar says. — The 15th edition of the Indian Premier League (IPL) is currently underway in full swing, with 10 teams fighting it out in the group stage. But the Board of Control for Cricket in India (BCCI) has already geared up to take the tournament to the next level. The world’s richest…Avaneesh Parasar2 min readAvaneesh Parasar2 min read
Apr 5, 2022Elon Musk is a ‘passive’ 9.2% shareholder in Twitter. What this meansWith Twitter’s May 25 annual meeting rapidly approaching, it’s probably too late for this year if Musk is aiming to push for drastic changes. Avaneesh Parasar When Elon Musk disclosed his stake in Twitter Inc., he had a choice. Shareholders who intend to remain “passive” — those who don’t seek…Avaneesh Parasar3 min readAvaneesh Parasar3 min read
Apr 4, 2022HDFC, HDFC Bank shares still ‘attractively priced’ after 15% rally post merger news: AnalystsAs part of the deal, shareholders of HDFC Ltd will receive 42 shares of HDFC bank for 25 shares held, Avaneesh Parasar — Shares of HDFC Ltd and HDFC Bank surged more than 15% to ₹2,818 and 14% to ₹1,715 apiece respectively on the BSE in Monday’s early deals, after the companies announced plans to merge with each other. …Avaneesh Parasar2 min readAvaneesh Parasar2 min read
Apr 2, 2022Sri Lanka declares emergency after violent protests over economic crisisSri Lanka is in the midst of its worst economic crisis in years with rolling blackouts for up to 13 hours a day as the government scrambles to secure foreign exchange to pay for fuel imports, Avaneesh Parasar Sri Lankan President Gotabaya Rajapaksa declared a nationwide public emergency late on…Avaneesh Parasar2 min readAvaneesh Parasar2 min read
Apr 1, 2022This is how cryptocurrency assets will be taxed from April 1 in India.Cryptocurrency assets will be taxed from April 1: This taxation would certainly impact post-tax returns of cryptocurrency transactions, Avaneesh Parasar — Cryptocurrency assets will be taxed: From 1st April 2022, some changes in the income tax rules announced by Finance Minister Nirmala Sitharaman while presenting Union Budget 2022 will get implemented. One of them is a tax on cryptocurrency and other digital assets. …Avaneesh Parasar4 min readAvaneesh Parasar4 min read
Mar 31, 2022Axis Bank acquires Citi’s India consumer business for $1.6 bnThe deal, however, excludes Citi’s institutional client businesses in India, the statement said, adding that ‘Citi remains committed and focused on serving institutional clients in India and globally, Avaneesh Parasar — Citigroup Inc on Wednesday announced that it would sell its Indian consumer businesses to private lender Axis Bank for $1.6 billion, as the US bank exits retail operations in 13 markets.Avaneesh Parasar2 min readAvaneesh Parasar2 min read
Mar 30, 2022Tata Coffee, Tata Consumer shares rally on merger announcementTata Consumer Products Ltd (TCPL) on Tuesday announced the merger of all businesses of Tata Coffee Ltd with itself, Avaneesh Parasar — Shares of Tata Coffee Ltd rallied up to 12% whereas that of Tata Consumer Products surged about 5% on the BSE in Wednesday’s trading session after parent Tata Consumer Products Ltd revealed that it would streamline its coffee business by merging the company with itself.Avaneeshparasar2 min readAvaneeshparasar2 min read
Mar 29, 2022In 7th fuel price hike in 8 days in India, petrol passes ₹100-mark in DelhiPetrol and diesel price today, March 29, 2022: In Mumbai, the price of petrol rose to ₹115.04 after prices were hiked by 80 paise per litre. Check prices here, Avaneesh Parasar Petrol and diesel price today, March 29, 2022: India registered a seventh hike in fuel prices in eight days…Avaneesh Parasar2 min readAvaneesh Parasar2 min read
Mar 28, 2022Merger with PVR takes Inox Leisure’s shares above pre-covid highsTogether, PVR and Inox will create a behemoth, operating a total of 1546 screens across 341 properties, Avaneesh Parasar The merger comes at a time when the fear of contracting the coronavirus is receding now and demand for movie-watching is likely to see a strong rebound hereon, unless, of course, there are fresh curbs driven by a serious spread of covid-19 again. Shares of PVR Ltd and Inox Leisure Ltd jumped in Monday’s morning trade on NSE. This is after both companies announced a merger on Sunday. Inox’s shares rose about 13% to…Avaneesh Parasar3 min readAvaneesh Parasar3 min read
