Market News Top 10 News Axis Bank Acquires Citi India’s Retail Assets for $1.6B – Top Indian Market News Axis Bank acquires Citi India’s retail assets for $1.6 billion Axis Bank has acquired Citi India’s retail assets, valuing the business at nearly $2 billion (~Rs 15,164 crore). The private sector bank will pay a cash consideration of $1.6 billion to Citi for the acquisition of the consumer business. The transaction comprises the sale of […] Written by marketfeed Team March 30, 2022April 21, 2022
Market News Top 10 News WPI Inflation Rises to 13.11% in Feb – Top Indian Market News WPI inflation rises to 13.11% in February India’s wholesale price-based inflation accelerated to 13.11% year-on-year (YoY) in February, compared to 12.96% in January. Fuel and power inflation stood at 31.5% YoY in Feb, compared to 32.27% in Jan. Inflation in manufactured products rose 9.84% in Feb, as against 9.42% in the previous month. This signals […] Written by marketfeed Team March 14, 2022April 21, 2022
Market News Top 10 News M&M Reports 8-Fold Jump in Net Profit in Q2 – Top Indian Market News Mahindra & Mahindra Q2 Results: Net profit jumps 785% YoY to Rs 1,432 crore Mahindra & Mahindra Ltd reported a 785% YoY jump in net profit to Rs 1,431.7 crore for the quarter ended September (Q2 FY22). Net profit increased 67% compared to the previous quarter. Its revenue from operations rose 14.7% YoY (or 13% […] Written by marketfeed Team November 9, 2021April 21, 2022
Market News Top 10 News BPCL to Set Up 1,000 EV Charging Stations – Top Indian Market News BPCL to set up 1,000 EV charging stations Bharat Petroleum Corporation Ltd (BPCL) plans to add 1,000 electric vehicles (EV) charging stations in the short term. The company aims to tap new business opportunities as a hedge against the displacement of auto fuels. BPCL will offer multiple fuelling options at 7,000 petrol pumps to facilitate […] Written by marketfeed Team September 28, 2021April 21, 2022
Market News Top 10 News Cabinet Clears Rs 30,600 crore Govt Guarantee for Bad Bank – Top Indian Market news Cabinet approves Rs 30,600 crore govt guarantee for bad bank The Union Cabinet has cleared a proposal to provide a Rs 30,600 crore government guarantee for security receipts issued by the National Asset Reconstruction Company Ltd (or bad bank) as part of the resolution of bad loans. NARCL will aggregate the non-performing assets (bad loans) […] Written by marketfeed Team September 16, 2021April 21, 2022
Market News Top 10 News India’s Industrial Output Grew by 7.2% in July – Top Indian Market News India’s industrial output grew by 7.2% in July The growth in India’s industrial output continued to pick up in July. The Index of Industrial Production (IIP) increased by 7.2% to 131.4 in July 2021 over the preceding month. On an annual basis, the index rose by 11.5% in July. Manufacturing output rose 8.2% on a […] Written by marketfeed Team September 10, 2021April 21, 2022
Market News Top 10 News Manufacturing PMI Falls to 52.3 in August – Top Indian Market News Manufacturing PMI falls to 52.3 in August Manufacturing activity in India fell in August as a result of Covid-induced curbs and rising input costs. The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) stood at 52.3 in August, compared with 55.3 in July. However, manufacturing production and new orders increased for the second straight month […] Written by marketfeed Team September 1, 2021April 21, 2022
Market News Top 10 News Tata Power Secures Contract Worth Rs 400 crore From KSEB – Top Indian Market News Tata Power secures contract worth Rs 400 crore from KSEB Tata Power Company has secured a contract worth Rs 400 crore from the Kerala State Electricity Board Ltd (KSEB). The order consists of developing an 84 megawatt (MW) solar rooftop project for domestic consumers across all districts of Kerala. The project has to be commissioned […] Written by marketfeed Team July 9, 2021April 21, 2022
Market News Top 10 News SAIL Reports 31% YoY Rise in Net Profit in Q4 – Top Indian Market News SAIL Q4 Results: Net profit rises 31% YoY to Rs 3,470 crore Steel Authority of India Ltd (SAIL) reported a 31% YoY increase in consolidated net profit to Rs 3,469.88 crore for the quarter ended March (Q4). Net profit has jumped 136.34% when compared to the previous quarter. Its total income rose 41.98% YoY to […] Written by marketfeed Team June 11, 2021April 21, 2022
Market News Top 10 News Tata Power to Develop 60 MW Solar Project in Gujarat – Top Indian Market News Tata Power receives order to develop 60 MW solar project in Gujarat Tata Power Limited has secured an order to develop a 60 megawatt (MW) solar project for Gujarat Urja Vikas Nigam Ltd (GUVNL). The energy will be supplied to GUVNL under a power purchase agreement (PPA), which is valid for 25 years from the […] Written by marketfeed Team March 30, 2021April 21, 2022
Market News Top 10 News Bharti Airtel Adds 58.9 Lakh Subscribers in January – Top Indian Market News Bharti Airtel adds 58.9 lakh subscribers in January, Vi adds 17.1 lakh subscribers: TRAI Bharti Airtel added more wireless subscribers than market leader Reliance Jio for the sixth straight month in January. According to data released by telecom regulator TRAI, Bharti Airtel added 58.92 lakh subscribers, while Jio added 19.56 lakh subscribers in January 2021. […] Written by marketfeed Team March 17, 2021April 21, 2022
Market News Top 10 News Amazon Moves Supreme Court Against Future-Reliance Retail Deal – Top Indian Market News Amazon moves Supreme Court against Future-Reliance Retail deal Amazon.com, Inc has moved the Supreme court against the Rs 24,713 crore deal between Future Retail and Reliance Retail. Recently, a special bench of the Delhi High Court dealt a blow to the US firm by revoking a previous court decision that effectively blocked the deal. The […] Written by marketfeed Team February 11, 2021April 21, 2022
Delhivery Limited IPO: All You Need to Know The IPO frenzy within the Indian startup ecosystem resumes! Logistics and supply chain startup Delhivery has launched its three-day initial public offering (IPO). In this article, learn all about the company and its IPO. Company Profile – Delhivery Limited Delhivery Ltd is the fastest-growing fully integrated player in the logistics services market in India in […] Written by Cherian Varghese May 12, 2022May 12, 2022
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
Life Insurance Corporation of India (LIC) IPO: All You Need to Know The biggest initial public offering (IPO) in the history of the Indian stock market is here! Life Insurance Corporation of India has launched its IPO today— May 4. The Central Government aims to raise up to Rs 21,000 crore by divesting a 3.5% stake in the country’s largest life insurer. In this article, learn all about […] Written by Cherian Varghese May 4, 2022May 4, 2022
