Oil prices dropped from six-week inflation on Friday as investors unloaded positions after weak Japanese crude Import data and the Indian Covid crisis, where recent infections have topped 18 million. US crude and global benchmark Brent record their biggest daily drops in over three weeks time, but saw monthly gains as well near 6% and 8%, respectively.

ICICI Bank publicly holds 38 stocks with Rs. 85,392.1 Cr net worth. Top 5 Holdings of the bank (along with holding percentage, as of Mar 31, 2021): [1] ICICI Prudential Life Insurance (Rs 38,499.3 Cr, 51.4%), [2] ICICI Lombard General Insurance (Rs 33,348.3 Cr, 51.9%), [3] ICICI Securities (Rs 10,969.8 Cr, 75%), [4] Yes Bank (Rs 1,455.2 Cr, 4%), [5] Motilal Oswal Financial (Rs 220.0 Cr, 0.2%)

Muthoot family is planning big with the gold loan business, they're on full swing during this pandemic. Kerala-based Muthoottu Mini Financiers (MMFL) intends to open 100 branches across the country which were closed down in 2019. Mathew Muthoottu said that MMFL is now targeting 75% growth in assets under management (AUM) in the current fiscal.

WhatsApp filed an appeal on Friday against Delhi High Court judgement, as they refused to revoke an order by the Competition Commission of India to inquire into the abusive allegations related to controlling the WhatsApp's new privacy policy. Earlier, Facebook and WhatsApp petitioned the court to block the probe because of several pending cases related to the privacy policy.

Aptech Limited on Friday announced that it will take significant legal advice following a Rs 1 crore fine, imposed by the market regulator SEBI for allegedly violating insider trading norms back in 2016. The matter is related to the strategic alliance between Aptech and Montana International Pre-school Private Limited, which was announced in September 2016.

Reliance Retail’s ecommerce platform JioMart announces 3X increase in its merchant base for the grocery delivery vertical in the Q4 FY in 2021. It expanded its services to 10 new cities, taking the overall presence to 33 cities. The company claims to be witnessing strong merchant traction from Tier 3 and beyond cities.

Facebook collaborated with the Indian government to unveil a vaccine tracker that allows users to locate nearby vaccination spots on the social media platform’s website and mobile app. The new tool comes after Facebook pledged a $10 million grant this week for emergency response efforts in response to the COVID-19 crisis in the country.

List of companies that are scheduled to report their quarterly results on May 1, 2021 : [1] Gujarat Themis Biosyn Limited, [2] Zen Technologies Limited, [3] Nakoda Group of Industries Limited, [4] Brahmaputra Infrastructure Limited, [5] RSC International Limited, and [6] Zenotech Laboratories Limited. Keep flipping regularly to remain updated about every minute details of the Indian stock market.

India is witnessing its worst humanitarian crisis in decades. Lack of timely testing is taking lives of thousands every day. Each hour is crucial. India needs Us to double its testing capacity for rapid isolation to assert control over the raging pandemic. We join hands with Aaroogya India to raise funds for those we need us the most now! Let's help each other and put an end to this pandemic 🙏

Reliance Retail Ventures Ltd (RRVL), which is the retail arm of Reliance Industries Ltd, reported on April 30, a 24.4% rise in revenue from operations at Rs 47,064 crore for the fourth quarter. RRVL's net profit for the quarter stood at Rs 2247 crores, higher by 22.8%. During this quarter, Reliance Retail added 826 operational physical stores.

Reliance Jio, the telecom arm of Reliance Industries Limited (RIL), announced a 47.5% YoY profit in the fourth quarter of the financial year 2021. The company posted a net profit of Rs 3,508 crore, as compared to Rs 2,379 crore in the same period last year. Jio also posted an average revenue per user (ARPU) during the quarter of Rs 138.2 per subscriber per month.

India's foreign exchange reserves increased by $1.701 billion to $584.107 billion in the week ended April 23, 2021, RBI data showed. The reserves had touched a lifetime high of $590.185 billion in the week ended January 29, 2021. In the reporting week ended April 23, 2021, the rise in reserves was on account of an increase in foreign currency assets (FCAs).

AstraZeneca announced its COVID-19 vaccine contributed $275 million to first-quarter sales and shaved three cents per share from its earnings, as it posted better-than-expected results and forecast growth in the second half. This is the first time the Anglo-Swedish vaccine maker revealed its financial details of the distribution and sales of its vaccine, which it developed with Oxford University.

Mahindra & Mahindra (M&M) today bought the remaining 56.8% share in Meru Cabs to take its holding to 100%. The company said this decision is part of its strategic intent to grow its presence in the shared mobility space. The company bought 44.14% of the paid-up capital of Meru Cabs for Rs 76.03 crore from private equity investor True North and others.

Reliance Industries on Apr 30 posted a consolidated profit of Rs 13,227 crore for the Q4'FY21. Profit in the March 2020 quarter stood at Rs 6,348 crore hit by lockdown announced to curb the COVID-19 pandemic. Consolidated revenue from operations stood at Rs 1,54,896 crore in Q4FY21 as against Rs 1,39,283 crore in the corresponding quarter in 2020 and Rs 1,23,997 crore in the previous quarter.