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 Cherian Varghese September 28, 2021September 28, 2021
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 Cherian Varghese September 16, 2021September 16, 2021
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 Cherian Varghese September 10, 2021September 10, 2021
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 Cherian Varghese September 1, 2021September 1, 2021
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 Cherian Varghese July 9, 2021July 10, 2021
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 Cherian Varghese June 11, 2021June 11, 2021
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 Cherian Varghese March 30, 2021March 30, 2021
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 Cherian Varghese March 17, 2021March 17, 2021
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 Cherian Varghese February 11, 2021February 11, 2021
Market News Top 10 News JK Cement Posts 74% YoY Jump in Profits to Rs 217 crore – Top Indian Market News JK Cement Q3 Results: Net profit rises 74% YoY to Rs 217 crore JK Cement Ltd reported a 74.82% YoY increase in consolidated net profit to Rs 217.28 crore for the quarter ended December (Q3). Its revenue from operations rose 24.52% YoY to Rs 1,832.71 crore during the same period. JK Cement’s board has approved […] Written by Cherian Varghese February 6, 2021February 6, 2021
Market News Top 10 News SBI Reports 7% YoY Decline in Net Profit – Top Indian Market News SBI Q3 Results: Net profit falls 7% YoY to Rs 5,196 crore State Bank of India (SBI) reported a 7% YoY decline in net profit to Rs 5,196 crore for the quarter ended December (Q3). The lender’s net interest income (NII) rose 4% YoY to Rs 28,820 crore during the same period. [NII is the […] Written by Cherian Varghese February 4, 2021February 4, 2021
Market News Top 10 News SII Gets Purchase Order from Govt for Covishield – Top Indian Market News Serum Institute receives purchase order from govt for 1.1 crore vaccine doses: Report As per reports from news agencies PTI & ANI, the Serum Institute of India (SII) has signed a purchase order with the Central Government to procure 1.1 crore doses of Covid-19 vaccines. SII is manufacturing Oxford-AstraZeneca’s Covid-19 vaccine Covishield in India. As […] Written by Cherian Varghese January 11, 2021January 11, 2021
TATA Takes Back Air India. What’s Next? On October 8, Puhin Kent Pandey, Secretary of the Department of Investment and Public Asset Management (DIPAM) announced that Tata Sons had won the bid for debt-laden Air India. The news has taken the aviation industry by storm. The airline has returned to the Tata Group after 68 years! In this editorial, we dive into […] Written by Anand P M October 11, 2021October 11, 2021
Analysing a $13 Billion Business Empire: JSW Group Since its inception around 39 years ago, the JSW Group has become one of the most respectable and fastest-growing conglomerates in the world. The $13 billion (~Rs 97.250 crore) business empire operates one of the leading steel companies in India. It even owns some of our favourite sports teams. In today’s article, learn more about […] Written by Cherian Varghese October 8, 2021October 8, 2021
OYO Rooms Files For IPO: Pre-IPO Review Oravel Stays Limited, popularly known as OYO Rooms, has filed its Draft Red Herring Prospectus (DHRP) with the Securities and Exchange Board of India (SEBI). The papers filed by OYO are not final and give only insight into its intention, business model, and the challenges it faces before the IPO. The loss-making company with a […] Written by Maarg Vaidya October 7, 2021October 7, 2021
