Market News Top 10 News DoT Extends Telecom PLI Scheme by One Year – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: DoT extends telecom PLI scheme by one year The Department of Telecommunications (DoT) has extended the production-linked incentive (PLI) scheme for telecom networking products by one year. It has raised the incentive rate by an additional 1%. The DoT has also amended […] Written by Cherian Varghese June 20, 2022June 20, 2022
Editorial How Patanjali Bought Ruchi Soya For Free Ruchi Soya Industries is a company that was technically valued at zero for a while but was soon valued at thousands of crores. The company faced extreme financial doldrums and was dragged to insolvency court by its creditors. Two companies placed bids to buy Ruchi Soya— Patanjali and Adani Wilmar. Patanjali won the bid and […] Written by Maarg Vaidya May 6, 2022May 6, 2022
Market News Top 10 News Titan’s Net Profit Falls 7% in Q4 – Top Indian Market News Titan Q4 Results: Net profit falls 7% YoY to Rs 491 crore Titan Company Ltd reported a 7.2% YoY decline in net profit to Rs 491 crore for the quarter ended March (Q4 FY22). Its revenue from operations fell 3.46% YoY to Rs 6,749 crore during the same period. Titan’s jewellery business posted a 4% […] Written by marketfeed Team May 3, 2022May 3, 2022
Market News Top 10 News Manufacturing PMI Rises to 54.7 in April – Top Indian Market News Manufacturing PMI rises to 54.7 in April India’s manufacturing activity picked up marginally in April after decelerating to a six-month low in March. The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) stood at 54.7 in April 2022, compared to 54 in March. Input costs rose to their fastest pace since November. PMI is a […] Written by marketfeed Team May 2, 2022May 2, 2022
Market News Top 10 News IT Dept Raids Hero MotoCorp Premises – Top Indian Market News IT Dept raids Hero MotoCorp premises The Income Tax Department has conducted raids at multiple premises of Hero Motorcorp Ltd as part of a tax evasion investigation against the company. Offices and residential premises of the promoters (including chairman & CEO of the group Pawan Munjal) in Gurugram, Haryana, Delhi, and other locations were covered […] Written by marketfeed Team March 23, 2022April 21, 2022
Editorial Adani Wilmar Ltd IPO: All You Need to Know Another mainstream IPO has hit the Indian stock markets! Adani Wilmar Ltd, the company behind the popular “Fortune” brand of edible oils, has launched its IPO today. In this article, we take a close look into the company and learn more about its IPO. Company Profile – Adani Wilmar Ltd Adani Wilmar Ltd (AWL) is […] Written by marketfeed Team January 27, 2022April 21, 2022
Buy Now Pay Later: A Tough Rival for Credit Card Companies? What do you do when you want to purchase something outside your financial limit or face a sudden money crunch? Decades ago, people used to run to a nearby moneylender who charge high-interest rates. But things are much simpler now! Credit cards allow you to borrow money for almost a month at zero interest rates. […] Written by Anand P M June 6, 2022June 6, 2022
Zomato Q4 Results: How Has The Food and Delivery Platform Fared? Zomato got listed in July 2021. The food delivery platform’s share price has tanked by nearly ~42% since then. Amidst tough economic conditions, the company is trying to expand into the B2B segment with Hyperpure, growing breakneck, and keeping up with peers like Swiggy, Zepto, and Dunzo. Zomato had recently announced its Q4 results for […] Written by Maarg Vaidya May 31, 2022May 31, 2022
Major IT Stocks are Falling! Find Out Why! The stock markets have not been kind to investors over the past few months. Foreign institutional investors (FIIs) have pulled out nearly Rs 1.65 lakh crore so far from the Indian equity markets this year. Major IT stocks (mostly considered defensive stocks historically) have been under heavy selling pressure. The NIFTY IT Index has fallen […] Written by Cherian Varghese May 26, 2022May 26, 2022