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Zomato Shares Gain Over 4% On Block Deal; Ant Group's Alipay Likely Seller

The share price of online food delivery chain Zomato gained 4.04% at Rs 118.40 per share at 10:11 am IST on Wednesday. Today, the stock saw a spurt in trading volume by more than 116.30 times. Today's drastic jump in the ...

Amid The Bull Run, Time To Sell Risky Stocks Says BofA

The market is currently the most bullish it has been so far this year, fueled by the US election outcome and positive development on vaccines for COVID-19. The bull-run has prompted a call from Bank of America Corp. (BofA) strategists to ...

BofA Sees RBI Making 0.75% Rate Cut; Lowers India's Growth Forecast

Bank of America (BofA) Securities lowers India's growth forecasts on COVID-19 related shutdowns and suggested a sharp benchmark rate cut by RBI to curb the damage. The global brokerage firm cut India's growth forecasts by 30 and 80 basis points (bps) ...

RBI Imposes Penalty On Five Banks

The Reserve Bank imposed a penalty on five foreign banks, including Deutsche Bank and Standard Chartered Bank, for violation of its instructions on reporting requirements of the FEMA. As per PTI reports, the three other banks are Bank of America, Bank ...