The market regulator eases the norm of valuation for debt mutual funds. Read on to know the details.

The stock of car manufacturer Mahindra & Mahindra (M&M) slipped more than three per cent today after the company announced that it is planning to raise another Rs 1,000 crore via bonds.

CRISIL has reaffirmed its 'CRISIL AA/stable/CRISIL A1+' ratings on the bank facilities of Music Broadcast Ltd (MBL). The ratings continue to reflect MBL's strong market position in the radio industry, healthy financial risk profile and established managerial, operational and financial linkages with the parent. 

TCS iON, a strategic unit of Tata Consultancy Services (TCS) announced that in the wake of COVID-19 and closure of schools & colleges, it is offering access to TCS iON digital glass room, a virtual learning platform, free of cost to educational institutions in US until March 31, 2021. 

Considering the daily time frame, the stock is trading in counter trend consolidation since the last 20 trading sessions and formed a bearish flag pattern.

On Friday, Sensex fell by 535.86 points, which is 1.68 per cent to be at the level of 31,327.22 while, Nifty was down by 159.50 points, which is by 1.71 per cent to reach the level of 9,154.40.

Canara Bank Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

Post this acquisition, the company’s shareholding in HLFL now stands at 68.81 per cent from 65.45 per cent. The company added that this acquisition is a part of 6.99 per cent acquisition approved by the company’s board in a meeting held on March 21, 2020.

The total order book of the company stood at Rs 2,120.53 crore at the end of the third quarter of FY20. Road segment constituted 63.81 per cent of this total order book.

Indian Hotels Company, on Thursday after the market hours, informed the bourses that its borrowings committee has approved the allotment of 1,500 rated, unsecured, listed, redeemable, non-convertible debentures (NCDs)