Market News Top 10 News JSW Steel Output Rises 10% to 13.67 LT in May – Top Indian Market News JSW Steel output rises 10% to 13.67 LT in May JSW Steel Ltd reported a 10% YoY growth in crude steel production to 13.67 lakh tonne (LT) in May 2021. The company had produced 12.48 LT steel during the same month last year. Its output of flat-rolled products increased by 10% YoY to 9.99 LT […] Written by Cherian Varghese June 10, 2021June 10, 2021
Market News Top 10 News GAIL Reports 28% QoQ Rise in Net Profit in Q4 – Top Indian Market News GAIL Q4 Results: Net profit rises 28% QoQ to Rs 1908 crore GAIL (India) Limited reported a 28% quarter-on-quarter (QoQ) increase in net profit to Rs 1907.7 crore for the quarter ended March (Q4). Its revenue from operations rose 0.6% QoQ to Rs 15,548.1 crore during the same period. Revenue from the petrochemicals and natural […] Written by Cherian Varghese June 9, 2021June 9, 2021
Market News Top 10 News World Bank Slashes India’s Growth Forecast to 8.3% for FY22 – Top Indian Market News World Bank slashes India’s growth forecast to 8.3% for FY22 The World Bank has lowered its growth forecast for India from 10.1% to 8.3% for the current financial year (FY22). It stated that recovery in India is being hampered by the largest outbreak of Covid-19 cases that any country has seen since the beginning of […] Written by Cherian Varghese June 8, 2021June 8, 2021
Editorial Global Minimum Tax Rate Proposed for Corporates: All You Need to Know The Finance Ministers from the Group of Seven (G7) wealthy nations reached a historic agreement last Saturday (June 5). They have backed a proposal for setting up a global minimum corporate tax. This pact could form the framework of a worldwide deal. It would counter tax evasion and compel large companies to pay certain taxes […] Written by Cherian Varghese June 8, 2021June 8, 2021
Market News Top 10 News MRF Reports 51% YoY Decline in Net Profit in Q4 – Top Indian Market News MRF Q4 Results: Net profit declines 51% YoY to Rs 332 crore MRF Limited reported a 51.1% YoY decline in consolidated net profit to Rs 332.15 crore for the quarter ended March (Q4). Net profit has declined by 36.2% when compared to the previous quarter. Its revenue from operations rose 30.7% YoY to Rs 4,816.46 […] Written by Cherian Varghese June 7, 2021June 7, 2021
Market News Top 10 News India to Target 20% Ethanol Blending in Petrol by 2025, says PM Modi – Top Indian Market News India advances 20% ethanol blending in petrol to 2025: PM Modi Prime Minister Narendra Modi, on Saturday, said the target date for achieving 20% ethanol-blending with petrol has been advanced by five years to 2025 to cut pollution and reduce import dependence. The E100 pilot project related to the production and distribution of ethanol was […] Written by Cherian Varghese June 5, 2021June 5, 2021
Market News Top 10 News RBI Keeps Policy Rates Unchanged; Cuts FY22 GDP Forecast to 9.5% – Top Indian Market News RBI keeps policy rates unchanged, cuts FY22 GDP growth to 9.5% The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 4%. The reverse repo rate will also remain unchanged at 3.35%. The central bank will maintain its ‘accommodative’ stance as long as necessary […] Written by Cherian Varghese June 4, 2021June 4, 2021
Editorial What is OPEC and How Does it Control Global Crude Prices? Last year, the global demand for crude oil collapsed when almost all countries went into strict lockdowns amidst the Covid-19 pandemic. There was an excess supply of crude oil and a sharp decline in demand. We saw global crude prices plunge to record lows. This unfortunate situation was controlled by the coordinated efforts of the […] Written by Cherian Varghese June 4, 2021June 10, 2021
Market News Top 10 News India’s Services PMI Falls into Contraction Territory in May – Top Indian Market News India’s services PMI falls into contraction territory in May India’s services sector activities slumped into contraction territory for the first time in eight months in May 2021. The deadlier second wave of the Covid-19 pandemic has led to muted domestic demand and a sharp decline in international orders. The IHS Markit India Services Purchasing Managers’ […] Written by Cherian Varghese June 3, 2021June 3, 2021
Market News Top 10 News PVR Reports Net Loss of Rs 289 crore in Q4 – Top Indian Market News PVR Q4 Results: Net loss at Rs 289 crore PVR Limited reported a consolidated net loss of Rs 289.12 crore for the quarter ended March (Q4 FY21). It had posted a net loss of Rs 74.49 crore in the corresponding quarter last year (Q4 FY20). The multiplex operator’s total income declined by 60.2% YoY (or […] Written by Cherian Varghese June 2, 2021June 2, 2021
Editorial Save Taxes with Equity Linked Saving Scheme (ELSS)! In order to achieve financial freedom and secure future goals, it is always essential to invest in different types of asset classes and diversify your portfolio. At the same time, proper tax planning should be an important part of your financial career. In India, there are various investment schemes that help in reducing our tax […] Written by Cherian Varghese June 2, 2021June 2, 2021
Editorial India’s GDP Estimates for Q4, FY21: Key Highlights Our country’s Gross Domestic Product (GDP) estimates for the January-March quarter (Q4) were published on May 31, 2021. GDP is the money value of all finished goods and services produced within a country during a specific period. After India’s GDP growth dropped to a record low of -24.4% in the April-June quarter (Q1), the economy […] Written by Cherian Varghese June 1, 2021June 10, 2021
Sona Comstar IPO: All You Need to Know The IPO frenzy has returned to the Indian stock markets. Sona BLW Precision Forgings, one of the leading auto components manufacturers in the world, had launched its three-day initial public offering (IPO) on June 14. In this article, we take a closer look into the company and its IPO. Company Profile – Sona BLW Precision […] Written by Cherian Varghese June 15, 2021June 15, 2021
Shyam Metalics and Energy IPO: All You Need to Know The IPO land has been barren in the past few weeks but now the IPO run is set to begin again. The company kicking it off is Shyam Metalics and Energy Limited who will be launching its IPO from June 14 to June 16. Let’s discuss what the IPO is all about. About the Company […] Written by Sanidhya Bhardwaj June 14, 2021June 14, 2021
An Analysis of Laxmi Organic Industries India is considered the fastest-growing market for speciality chemicals in the world. The agrochemical, pharmaceutical, and textile industries depend on a steady supply of speciality chemicals for their day-to-day production activities. There are a large number of companies in our country that manufacture such chemicals in bulk. In this article, learn more about Laxmi Organic […] Written by Cherian Varghese June 11, 2021June 11, 2021
