Coal India launching its own e-auction platform anytime soon
Sun, Apr 17, 2022 10:10 PM

Coal India launching its own e-auction platform anytime soon

The mining major Coal India Ltd has apprised its new and existing bidders to register on its own e-auction platform, which it is launching anytime soon. At present, mjunction and state-owned MSTC Ltd. manage the e-auction portal. Coal India's annual e-auction sales account for around 120 million tonnes, while the rest is sold through fuel supply agreements and other special sales windows.

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Rs 202 cr worth commercial space bought by Polycab India in Mumbai
Sun, Apr 17, 2022 10:06 PM

Rs 202 cr worth commercial space bought by Polycab India in Mumbai

According to a report from Propstack, the manufacturer of cables and wires, Polycab India Ltd. purchased a commercial space in Mumbai’s Dadar West area for Rs 202 crore. The transfer deed showed that Ruby Mills Ltd has sold the 23rd and 24th floors of commercial space spread across an area of 55383.65 sq. ft to Polycab India Ltd. The company paid a stamp duty of Rs 10 crore.

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We need a small favour ☺️
Sun, Apr 17, 2022 9:55 PM

We need a small favour ☺️

We are building the first community of capital market traders and enthusiasts in India! With more than 800,000 users using our app, we are on a mission to reinvent financial literacy and awareness in India! Please share your love for flipitmoney so that we work harder and reach our goal faster 🙏

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🎯 Key stocks that will be in focus on Monday!
Sun, Apr 17, 2022 8:16 PM

🎯 Key stocks that will be in focus on Monday!

📌 HDFC Bank: Earner a net profit of ₹10,055.2cr for Q4FY22; rising 22.8% YoY. 📌 Tata Steel: To consider a stock split proposal on May 3. 📌 ICICI Prudential: Net profit jumped 189.5% to ₹185cr in Q4FY22. 📌 M&M: Selling 34,75,264 equity shares of ₹10 each held by the firm in Mahindra Sanyo Special Steel. 📌 Windlas Biotech: Got certificate of Good Manufacturing Practices (GMP) from SAHPRA.

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Jack Dorsey tweet NFT worth $2.9 mn now values at $13,940
Sun, Apr 17, 2022 7:42 PM

Jack Dorsey tweet NFT worth $2.9 mn now values at $13,940

Twitter Inc. founder Jack Dorsey’s first tweet “just setting up my twttr" was converted into a nonfungible token last year and sold for $2.9 million. Sina Estavi, CEO of blockchain firm Bridge Oracle paid for it citing years later people will realize the true value, just like Mona Lisa painting. A day after Tesla Inc.'s CEO made an offer to buy Twitter for $43 bn, its bid value became $13,940.

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Taxpayers get crypto jolt as IRS was able to manage returns this year
Sun, Apr 17, 2022 7:10 PM

Taxpayers get crypto jolt as IRS was able to manage returns this year

The scheduled deadline of April 18, for processing the millions of individual returns will be met for the first time in three years, as the Internal Revenue Service of the United States ended up largely being able to manage it. VP of Tax Operations at TaxAct said the average refund so far for 2021 is $3,175, 9.9% higher than in 2020. Crypto owners must know that IRS asks for data.

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Trade your best in Morning Powerplay! 😃
Sun, Apr 17, 2022 7:10 PM

Trade your best in Morning Powerplay! 😃

What about if we say trade, you’ll think iPhone 13!? 🤔 Flipitmoney is more than happy to announce the inaugural version of the Flipit Premier League. Trade highest during the market days and top 3 will get ₹ 2000, ₹ 1000 & ₹ 500 Amazon vouchers daily. 🎉 Just not it, if you trade highest during the entire season, you can grab a brand new iPhone 13!📲 So what are you waiting for?

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Airports have been overrun in recent weeks as air travel gathered pace
Sun, Apr 17, 2022 6:49 PM

Airports have been overrun in recent weeks as air travel gathered pace

An airline industry group, The International Air Transport Association has suggested government and other infrastructure providers should gear up for the huge increase in passenger numbers as recovery in air travel gathered pace. According to a report from IATA, the domestic travel in February rose 61% compared with last year and was only 22% below 2019 levels.

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⏳ These factors may decide stock action on Monday!
Sun, Apr 17, 2022 6:44 PM

⏳ These factors may decide stock action on Monday!

🔰 US stocks slide as Wall street settled lower on Thursday. 🔰 Euro STOXX 600 rallied 0.67% and MSCI's gauge of stocks across the globe shed 0.35%. 🔰 Bearish candle triggered by the Nifty50 on Wednesday fell for the third straight session. 🔰 Nifty may trade in the range of 17250 – 17750 🔰No stock witnessed strong selling pressure.

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Sequoia says BharaPe allegations are deeply disturbing
Sun, Apr 17, 2022 6:25 PM

Sequoia says BharaPe allegations are deeply disturbing

Sequoia Capital on Sunday hinted that it has zero tolerance toward proven wrongdoing at fintech firm BharatPe and will take tough calls where needed in the interest of doing what is right. Sequoia is currently the largest shareholder in BharaPe whose co-founder Ashneer Grover was virtually sacked from his role earlier, to which Sequoia referred as 'disturbing'.

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Didi Global’s revenue plunged 12.7% amid ongoing cybersecurity probe
Sun, Apr 17, 2022 6:10 PM

Didi Global’s revenue plunged 12.7% amid ongoing cybersecurity probe

Didi Global Inc. reported that its Q4 revenue shrank 12.7% from the same period a year earlier as the ride-hailing firm prepares to delist from the New York Stock Exchange, amid a cybersecurity investigation by Chinese regulators. The Beijing based firm has scheduled a shareholders' meeting on May 23 to vote on its delisting from the NYSE.

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Political battle forced two Libyan Ports to stop loading oil
Sun, Apr 17, 2022 5:42 PM

Political battle forced two Libyan Ports to stop loading oil

Two Libyan ports have received orders from state-run National Oil Corp. declaring force majeure on loadings at Mellita port in western Libya. This comes after a group of individuals had caused a halt of production at El Feel, a 65,000-barrel-a-day field that feeds the port. Sources told that a tanker at the terminal’s anchorage set to load 1 million barrels wasn’t allowed to load.

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Nifty may attempt to hit levels of 17,540 and 17,690 on Monday
Sun, Apr 17, 2022 5:36 PM

Nifty may attempt to hit levels of 17,540 and 17,690 on Monday

Nifty April futures gained more than 3.21 lakh shares or 3.46% in net Open Interest. Analysts have attributed this increase in OI to the decline in the index. It is estimated that Monday's session is expected to witness the levels of 17,540 and 17,690 acting as probable resistance points, while support would come in at 17,400 and 17,330 levels.

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Big Investor DMC trims stake in AMC Stock, Apple & bought PayPal, Pfizer
Sun, Apr 17, 2022 5:20 PM

Big Investor DMC trims stake in AMC Stock, Apple & bought PayPal, Pfizer

DNB Asset Management, a large European asset manager slashed its investment stake in AMC Entertainment Holding, Apple and materially raised investments in payments firm PayPal Holdings (PYPL) and Covid-19 vaccine maker Pfizer (PFE). In a regulatory filing, DNB, which manages about $98 billion in assets disclosed its first-quarter trades. It sold 91,259 AMC shares to end the first quarter.

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Godavari Biorefineries mulls to launch IPO worth ₹700 cr anytime soon
Sun, Apr 17, 2022 5:06 PM

Godavari Biorefineries mulls to launch IPO worth ₹700 cr anytime soon

Godavari Biorefineries eyeing to launch its initial public offering (IPO) aggregating to ₹700 cr anytime soon. The Mumbai-based ethanol and bio-based chemicals maker is only waiting for the right time while observing the geopolitical situation. Its CEO and MD Samir Somaiya apprised that the company has one year time to get listed as they got Sebi's final comments on their IPO request in Nov'21.

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