RBI Bars Paytm Payments Bank From Onboarding New Customers – Top Indian Market News RBI bars Paytm Payments Bank from onboarding new customers Reserve Bank of India (RBI) has directed Paytm Payments Bank (PPB) to stop onboarding new customers with immediate effect. The central bank has cited serious supervisory concerns observed in the bank. RBI has also directed PPB to appoint an audit firm to conduct a comprehensive audit […] Written by marketfeed Team March 11, 2022April 21, 2022
Reliance to Step Up Fuel Exports to Europe – Top Indian Market News Reliance Industries to step up fuel exports to Europe As per reports, Reliance Industries Ltd’s Jamnagar facility is lifting crude processing and deferring planned maintenance to take advantage of surging demand for diesel in Europe. RIL is already sending shipments of the fuel to Europe. The complex in Gujarat can process 1.36 million barrels of […] Written by marketfeed Team March 9, 2022April 21, 2022
JSW Steel Output Grows 21% YoY in Feb – Top Indian Market News JSW Steel output rises 21% YoY to 1.58 MT in Feb JSW Steel Ltd registered a 21% year-on-year (YoY) increase in crude steel production to 1.58 million tonnes (MT) for February 2022. The JSW Group firm’s steel output stood at 1.31 MT in February 2021. The company’s production of flat-rolled products rose 25% to 1.15 […] Written by marketfeed Team March 8, 2022April 21, 2022
India’s GDP Grows 5.4% in Q3 – Top Indian Market News India’s GDP grows 5.4% in Q3 India’s gross domestic product (GDP) grew by 5.4% in the December quarter (Q3 FY22), lower than 8.4% growth in the previous quarter (Q2 FY22). The agricultural sector grew at 2.6% in Q3 FY22, compared to 3.7% in Q2. The mining sector grew 8.8% in the October-December quarter of FY22, […] Written by marketfeed Team February 28, 2022April 21, 2022
Hero MotoCorp, BPCL to Set Up EV Charging Infra – Top Indian Market News Hero MotoCorp partners with BPCL to set up EV charging infra across India Hero MotoCorp has partnered with Bharat Petroleum Corp Ltd (BPCL) to set up charging infrastructure for electric two-wheelers across India. The two entities will first establish a substantial charging infrastructure within the existing nationwide energy station network. They may broaden the collaboration […] Written by marketfeed Team February 22, 2022April 21, 2022
ED Conducts Raids at Indiabulls Finance Centre – Top Indian Market News ED conducts raids at Indiabulls Finance Centre in Mumbai The Enforcement Directorate (ED) conducted raids at Indiabulls Finance Centre in Mumbai. The search was based on an Enforcement Case Information Report (ECIR) registered by ED under the Prevention of Money Laundering Act, 2002 (PMLA) against Indiabulls Housing, promoter Sameer Gehlaut, and other related companies and […] Written by marketfeed Team February 21, 2022April 21, 2022
Vedanta to Invest up to $20B in Semiconductor Biz – Top Indian Market News Vedanta to invest up to $20 billion in semiconductor business in India Vedanta Ltd has earmarked $15 billion for its foray into the electronic chip and display manufacturing space. The conglomerate plans to scale up the investment to as much as $20 billion (~Rs 1.49 lakh crore). Vedanta’s group firm Avanstrate will spearhead the semiconductor […] Written by marketfeed Team February 18, 2022April 21, 2022
Jio Forms JV for Offering Satellite-Based Broadband – Top Indian Market News Jio forms JV for offering satellite-based broadband Jio Platforms Ltd (JPL) and Luxembourg-based SES have formed a joint venture (JV) for satellite-based broadband services. JPL will own 51% and SES 49% in the JV firm, Jio Space Technology Limited. The JV will use multi-orbit space networks that are a combination of geostationary (GEO) and medium […] Written by marketfeed Team February 14, 2022April 21, 2022
India’s Industrial Output Rises 0.4% in December – Top Indian Market News India’s industrial output rises 0.4% in December India’s index of industrial production (IIP) grew 0.4% year-on-year (YoY) to 138.0 in December 2021. IIP had risen 2.2% YoY to 137.4 in December 2020. The electricity sector witnessed a growth of 2.8% to 162.5, while the mining sector grew 2.6% YoY to 120.3. The manufacturing sector saw […] Written by marketfeed Team February 11, 2022April 21, 2022
Nykaa’s Net Profit Falls 58% YoY in Q3 – Top Indian Market News Nykaa Q3 Results: Net profit falls 58% YoY to Rs 29 crore FSN E-Commerce Ventures (Nykaa) reported a 57.97% YoY decline in consolidated net profit to Rs 29.01 crore for the quarter ended December (Q3 FY22). Its revenue from operations rose 35.94% YoY to Rs 1,098.36 crore during the same period. Nykaa’s gross merchandise value […] Written by marketfeed Team February 9, 2022April 21, 2022
Gautam Adani Is Now The Richest Asian, Overtakes Ambani – Top Indian Market News Gautam Adani is now the wealthiest Asian, overtakes Ambani Gautam Adani, Chairperson of Adani Group, has overtaken Reliance Industries’ Mukesh Ambani as the richest Asian. According to Bloomberg Billionaire’s index, Gautam Adani is ranked #10, worth nearly $88.5 billion, just above Mukesh Ambani, who was ranked #11 at 87. Around a year ago, Gautam Adani […] Written by marketfeed Team February 8, 2022April 21, 2022
TVS Motor’s Net Profit Rises 9% YoY in Q3 – Top Indian Market News TVS Motor Q3 Results: Net profit rises 9% YoY to Rs 288 crore TVS Motor Company Ltd reported a 9% YoY (or 4% QoQ) increase in net profit to Rs 288 crore for the quarter ended December (Q3 FY22). Its revenue from operations rose 6% YoY to Rs 5,706 crore during the same period. EBITDA […] Written by marketfeed Team February 7, 2022April 21, 2022
