Sensex hits 30K, Delhi HC turns down RBI, RCom-Aircel Merger – Weekly Digest #42

Monday- 24th April 2017 Reliance Industries reported a 12.3% increase in quarterly net profit to ₹8,046 crores owing to robust petrochemical and refining margin. Jio reported a net loss for the six months as ₹22.50 crores. Owing to strong cues from French presidential elections, the Sensex rose 290.5 points to close at 29,656 points while Nifty …

RBI controls rupee price, Vedanta invests in Rival, RBI upholds objections against Tata Sons- Weekly Digest #39

Monday- 13th March 2017 No Major news as the market was closed on the occasion of Holi.   Tuesday- 14th March 2017 Nifty hit an all-time high of 9,112.75 points in response to BJP's decisive win the state of UP. It ended lower at 9,087 points. RBI intervened in the currency market to hamper profit booking …