Market News Top 10 News RIL Reports 42% YoY Rise in Net Profit in Q3 – Top Indian Market News RIL Q3 Results: Net profit rises 42% YoY to Rs 18,549 crore Reliance Industries Ltd (RIL) reported a 42% YoY increase in net profit to Rs 18,549 crore for the quarter ended December (Q3 FY22). Net profit rose 36% when compared to the previous quarter. Its revenue from operations rose 54% YoY to Rs 1,91,271 […] Written by Cherian Varghese January 21, 2022January 21, 2022
Market News Top Crypto News Robinhood Launches Crypto Wallet Beta Program – Top Crypto News Robinhood launches Crypto Wallet Beta for Bitcoin, Ethereum transfers US-based financial services firm Robinhood has launched a cryptocurrency wallet beta program for 1,000 selected clients on a waiting list. By March, the company plans to expand the number of participants to 10,000 users who applied earlier. Robinhood customers will be able to send and receive […] Written by Cherian Varghese January 21, 2022January 21, 2022
Market News Top 10 News HUL’s Net Profit Rises 17% YoY in Q3 – Top Indian Market News HUL Q3 Results: Net profit rises 17% YoY to Rs 2,243 crore Hindustan Unilever Ltd reported a 16.76% YoY increase in net profit to Rs 2,243 crore for the quarter ended December (Q3 FY22). Net profit rose 5% when compared to the previous quarter. Its revenue from operations rose 10.23% YoY to Rs 13,183 crore […] Written by Cherian Varghese January 20, 2022January 20, 2022
Market News Top Crypto News Google Partners with Crypto Exchanges to Allow Digital Asset Cards – Top Crypto News Google partners with crypto exchanges to allow digital asset cards Google’s payments division, Google Pay, has partnered with crypto exchanges such as Coinbase and BitPay to store crypto assets in digital cards, while still having users pay in traditional currencies. The search giant is yet to fully embrace digital assets and does not accept them. Google […] Written by Cherian Varghese January 20, 2022January 20, 2022
Market News Top 10 News Bajaj Auto Posts 17% YoY Fall in Net Profit in Q3 – Top Indian Market News Bajaj Auto Q3 Results: Net profit falls 17% YoY to Rs 1,430 crore Bajaj Auto Ltd reported a 17% YoY decline in consolidated net profit to Rs 1,429.68 crore for the quarter ended December (Q3 FY22). Net profit fell 30% when compared to the previous quarter. Its revenue from operations rose 1% YoY (or 5% […] Written by Cherian Varghese January 19, 2022January 19, 2022
Market News Top Crypto News US House Panel to Review Crypto’s Environmental Impact – Top Crypto News US House panel to review crypto’s environmental impact A United States House Energy and Commerce subcommittee is all set to investigate the environmental impact of cryptocurrencies tomorrow. This is a significant move as the US Congress begins to pay more attention to cryptos and related policies. Environmental activists have been trying to draw attention to […] Written by Cherian Varghese January 19, 2022January 19, 2022
Editorial Why Did Motherson Sumi’s Shares Fall 22% Last Friday? The shares of Motherson Sumi Systems Ltd fell up to 22% to Rs 182.85 on the NSE last Friday (January 14). Investors went into panic mode as most were unaware of the developments happening at the company. Motherson Sumi Systems Ltd (MSSL) is a leading manufacturer of automotive components. It produces and sells wiring harnesses, […] Written by Cherian Varghese January 19, 2022January 19, 2022
Market News Top 10 News Bajaj Finance’s Net Profit Rises 85% YoY in Q3 – Top Indian Market News Bajaj Finance Q3 Results: Net profit rises 85% YoY to Rs 2,125 crore Bajaj Finance Ltd reported an 85% YoY increase in consolidated net profit to Rs 2,125 crore for the quarter ended December (Q3 FY22). Its net interest income (NII) rose 40% YoY to Rs 6,000 crore during the same period. The gross non-performing […] Written by Cherian Varghese January 18, 2022January 18, 2022
Market News Top Crypto News Spain Launches Crackdown on Crypto Ads – Top Crypto News Crypto influencers face €300K fines in Spain’s advertising crackdown As per the Financial Times, the National Securities Market Commission (CNMV) of Spain has cracked down on crypto advertising. Spain’s new rules require marketing companies and influencers to include “clear, balanced, impartial and non-misleading” statements about the risks of crypto. If an influencer or platform fails […] Written by Cherian Varghese January 18, 2022January 19, 2022
Market News Top 10 News UltraTech Cement Posts 8% YoY Rise in Net Profit in Q3 – Top Indian Market News UltraTech Cement Q3 Results: Net profit rises 8% YoY to Rs 1,708 crore UltraTech Cement Ltd reported a 7.8% YoY increase in consolidated net profit to Rs 1,708 crore for the quarter ended December (Q3 FY22). Net profit increased 31% when compared to the previous quarter. Its revenue from operations rose 5.89% YoY (or 8% […] Written by Cherian Varghese January 17, 2022January 17, 2022
Editorial The Rise, Fall, and Revival of Cafe Coffee Day (CCD) ‘A lot can happen over coffee’. Since its inception nearly 25 years ago, Cafe Coffee Day (CCD) has become a favourite hangout spot for Indians. It defined the café landscape within India. You can find CCD outlets on major highways, near colleges and corporate parks across our country. Its founder, V.G. Siddhartha, had an ambitious […] Written by Cherian Varghese January 17, 2022January 19, 2022
Market News Top Crypto News Rio de Janeiro Mayor to Invest 1% of City Reserves Into Bitcoin – Top Crypto News Rio de Janeiro mayor to invest 1% of city reserves into Bitcoin The mayor of Rio de Janeiro, Eduardo Paes, announced plans to allocate 1% of the city’s reserves to Bitcoin. He plans to turn the city into a major cryptocurrency hub. The mayor further added that the state was looking towards exempting firms in […] Written by Cherian Varghese January 17, 2022January 17, 2022
An Analysis of Ashok Leyland The Hinduja Group’s Ashok Leyland has produced some of India’s best buses and trucks over the past seven decades. From school buses to army trucks, the company continues to play a vital role in our country’s development. In this article, learn more about Ashok Leyland Ltd, the second-largest manufacturer of commercial vehicles in India. Ashok […] Written by Cherian Varghese January 12, 2022January 12, 2022
What is DeFi? What are its Applications? While investing or trading in cryptocurrencies, you might have come across a category of tokens known as DeFi or Decentralised Finance. With the advancement of blockchain technology and a large variety of cryptos, many consider DeFi to be the future of financing in the world. In this article, we dive into the world of Decentralised […] Written by Cherian Varghese January 10, 2022January 10, 2022
The Fed Minutes: Explained Minutes of the US Federal Reserve’s December policy meeting were released last week. It outlines the central bank’s plans to speed up measures to keep inflation in check. The US markets fell heavily following the developments as investors are concerned about the aggressive stance of the Fed. The Indian markets declined by up to ~1.5% […] Written by Cherian Varghese January 10, 2022January 10, 2022
