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
Market News Top 10 News Nestle India’s Net Profit Falls 20% YoY in Q4 – Top Indian Market News Nestle India Q4 Results: Net profit falls 20% YoY to Rs 387 crore Nestle India Ltd reported a 19.9% YoY decline in net profit to Rs 386.66 crore for the quarter ended December (Q4 CY21). The company follows the January-Dec financial year cycle. Its revenue rose 9% YoY to Rs 3,739.32 crore during the same […] Written by marketfeed Team February 17, 2022April 21, 2022
Market News Top 10 News Amara Raja Batteries to Invest in Europe-based InoBat Auto – Top Indian Market News Amara Raja Batteries to invest in Europe-based InoBat Auto Amara Raja Batteries Ltd (ARBL) plans to invest in InoBat Auto, a European technology developer and manufacturer of batteries for e-mobility. The initiative would entail a total investment of €10 million (~Rs 84.35 crore), which includes a subscription of 0.04% stake and convertible loan in InoBat […] Written by marketfeed Team December 29, 2021April 21, 2022
Market News Top 10 News ZEEL, Sony Sign Definitive Merger Agreement – Top Indian Market News ZEEL, Sony sign definitive merger agreement Sony Pictures Networks India Pvt Ltd (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) have signed definitive agreements to merge the two firms and combine their linear networks, digital assets, and program libraries. SPNI will hold a majority stake of 50.86% in the merged entity. The promoters of ZEEL will […] Written by marketfeed Team December 22, 2021April 21, 2022
Market News Top 10 News Passenger Vehicle Sales Fall 19% in November – Top Indian Market News Passenger vehicle sales fall 19% in November: SIAM Passenger vehicle wholesales in India fell 19% in November as the semiconductor shortage continued to impact vehicle production. Total passenger vehicle (PV) dispatches last month stood at 2,15,626 units, a decline of 19% from 2,64,898 units in November 2020. Two-wheeler sales fell sharply by 34% YoY to […] Written by marketfeed Team December 10, 2021April 21, 2022
Market News Top 10 News ITC to Acquire 16% Stake in D2C Brand Mother Sparsh – Top Indian Market News ITC to acquire 16% stake in D2C brand Mother Sparsh ITC Limited has announced plans to acquire a 16% stake in Mother Sparsh for Rs 20 crore through a share subscription agreement. Mother Sparsh is a direct-to-consumer (D2C) Ayurvedic and natural personal care brand that focuses on mother and baby care segments. ITC said the […] Written by marketfeed Team November 26, 2021April 21, 2022
Market News Top 10 News UltraTech Cement’s Q3 Net Profit Rises 122% YoY – Top Indian Market News UltraTech Cement Q3 Results: Net profit rises 122% YoY to Rs 1,584 crore UltraTech Cement Ltd reported a 122.7% YoY increase in consolidated net profit to Rs 1,584 crore for the quarter ended December (Q3). The company had posted a net profit of Rs 711.17 crore during the corresponding period in FY20. Revenue from operations […] Written by marketfeed Team January 23, 2021April 21, 2022
Market News Top 10 News CBI Registers Cases Filed by SBI, Canara Bank Over Rs 8,000 crore Fraud – Top Indian Market News CBI registers cases filed by SBI, Canara Bank over Rs 8,000 crore fraud The Central Bureau of Investigation (CBI) has registered two separate cases filed by Canara Bank and State Bank of India regarding fraud to the extent of Rs 7,926.01 crore and Rs 313.79 crore, respectively. The first case was registered against a Hyderabad-based […] Written by marketfeed Team December 19, 2020April 21, 2022
Editorial Stocks to Benefit from Potential Covid-19 Vaccines The Covid-19 pandemic has caused a deep impact on people’s livelihoods and health. The economic and social disruption caused by this unprecedented pandemic is devastating. As of November 24, official data from John Hopkins University shows that there are more than 59 million confirmed cases of Covid-19 worldwide. The only factor which keeps our spirits […] Written by marketfeed Team November 27, 2020April 21, 2022
Market News Top 10 News Reliance Retail Completes Fundraising From 10% Stake Sale – Top Indian Market News Reliance Retail completes fundraising of Rs 47,265 crore from 10.09% stake sale Reliance Retail Ventures Ltd.(RRVL) said that it has raised Rs 47,265 crore by selling 10.09% stake to multiple investors. According to an official release from RRVL, the company has completed the current phase of partner induction and fundraise exercise. The investors include Silver […] Written by marketfeed Team November 19, 2020April 21, 2022
Market News Top 10 News Finance Ministry Announces New Stimulus Package – Top Indian Market News Finance Ministry unveils 12 new stimulus measures through Atmanirbhar Bharat 3.0 The Finance Ministry has announced a series of new measures to provide a further boost to India’s Covid-hit economy. The size of the stimulus package has been estimated at Rs 2.65 lakh crore. The Atmanirbhar Bharat 3.0 has focussed on sectors such as real […] Written by marketfeed Team November 12, 2020April 21, 2022
Editorial The Pfizer Vaccine – All You Need to Know A major announcement from the United States on November 9 has completely lifted our hopes and spirits! Since March, scientists around the world have been working tirelessly towards creating an effective vaccine against the novel coronavirus. And now, drugmakers Pfizer and BioNTech have come out with a very positive result. The vaccine developed by the […] Written by marketfeed Team November 12, 2020April 21, 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
Aether Industries Ltd IPO: All You Need to Know The IPO ‘may-hem’ continues in the Indian stock markets! Gujarat-based speciality chemical manufacturer Aether Industries Ltd has launched its three-day initial public offering (IPO) today— May 24. In this article, we analyse the company and its IPO. Company Profile – Aether Industries Ltd Established in 2013, Aether Industries Ltd (AIL) is one of the fastest-growing […] Written by Cherian Varghese May 24, 2022May 24, 2022
Is Elon Musk’s Acquisition of Twitter a Mistake? Twitter has been all over the news lately. It’s a widely popular platform for political leaders to address citizens and celebrities to update their fans. Twitter has even become the common man’s public grievance centre. You can simply share anything under the sun (well, sort of). A Tweet can start worldwide movements or stir up […] Written by Anand P M May 23, 2022May 23, 2022
