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
Market News Top 10 News HDFC Bank’s Net Profit Rises 18% YoY in Q3 – Top Indian Market News HDFC Bank Q3 Results: Net profit rises 18% YoY to Rs 10,342 crore HDFC Bank reported an 18% YoY increase in net profit to Rs 10,342.2 crore for the quarter ended December (Q3 FY22). Net profit increased 17% when compared to the previous quarter. Its net interest income (NII) grew 13% YoY (or 4% QoQ) […] Written by Cherian Varghese January 15, 2022January 15, 2022
Market News Top 10 News WPI Inflation Eases to 13.56% in December – Top Indian Market News WPI inflation eases to 13.56% in December India’s wholesale price index (WPI)-based inflation eased to 13.56% in December, compared to 14.23% in November. The fall in the prices of manufactured products and fuel & power offset costlier vegetable prices. Inflation in manufactured goods stood at 10.62%, compared to 11.92% in November. Fuel & power inflation […] Written by Cherian Varghese January 14, 2022January 14, 2022
Market News Top Crypto News China to Launch State-Backed NFT Platform – Top Crypto News China to launch state-backed, crypto-less NFT platform China’s state-backed Blockchain Services Network (BSN) plans to roll out infrastructure at the end of this month to support the deployment of non-fungible tokens (NFTs). They aim to create a Chinese NFT industry that is not linked to cryptocurrencies. The infrastructure will offer application programming interfaces for businesses […] Written by Cherian Varghese January 14, 2022January 14, 2022
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
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
Government Becomes Largest Stakeholder in Vodafone Idea: What Next? The Government of India has become the largest shareholder in private telecom company Vodafone Idea. Vi has faced quite some turbulence in terms of its finances and is heavily burdened by debt to banks as well as the government. The government will be the largest shareholder in Vodafone Idea after converting all of its pending […] Written by Maarg Vaidya January 13, 2022January 13, 2022
