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 SpiceJet Settles $24 million Dispute With Credit Suisse – Top Indian Market News SpiceJet settles $24 million financial dispute with Credit Suisse SpiceJet Ltd has reached an in-principle commercial settlement with Credit Suisse AG over pending dues of $24 million. The Swiss firm had moved the Madras High Court against SpiceJet after the airline availed the services of SR Technics, Switzerland, for maintenance, repair, and overhauling of aircraft […] Written by marketfeed Team March 31, 2022April 21, 2022
Market News Top 10 News Google to Invest up to $1 billion in Bharti Airtel – Top Indian Market News Google to invest up to $1 billion in Bharti Airtel US internet giant Google has announced an investment of up to $1 billion (~Rs 7,497 crore) in partnership with Bharti Airtel. It includes a $700 million equity investment in Bharti Airtel for a 1.28% stake and up to $300 million towards potential multi-year commercial agreements. […] Written by marketfeed Team January 28, 2022April 21, 2022
Market News Top 10 News WPI Inflation Hits Five-Month High of 12.54% in October – Top Indian Market News WPI inflation hits five-month high of 12.54% in October India’s wholesale inflation accelerated to a five-month high at 12.54% in October 2021. The wholesale price index (WPI) grew 10.66% in September and 1.31% in October 2020. The high rate of inflation is primarily due to the rise in prices of mineral oils, basic metals, food […] Written by marketfeed Team November 15, 2021April 21, 2022
Market News Top 10 News Centre to Buy 1 Crore Shots of Zydus Cadila’s Covid-19 Vaccine – Top Indian Market News Centre to buy 1 crore shots of Zydus Cadila’s Covid-19 vaccine The Central government has placed a purchase order of 1 crore doses of Zydus Cadila’s three-dose Covid vaccine ZyCoV-D at Rs 265 per dose. The needle-free vaccine will cost Rs 93 per dose (excluding GST). The complete dose of the vaccine will cost Rs […] Written by marketfeed Team November 8, 2021April 21, 2022
Market News Top 10 News Piramal Group Completes Acquisition of DHFL – Top Indian Market News Piramal Group completes acquisition of DHFL for Rs 34,250 crore Piramal Enterprises Ltd (PEL) has completed the acquisition of Dewan Housing Finance Corp Ltd. (DHFL) for a total consideration of Rs 34,250 crore. This includes an upfront cash payment of Rs 14,700 crore and issuance of debt instruments worth Rs 19,550 crore (10-year NCDs at […] Written by marketfeed Team September 29, 2021April 21, 2022
Market News Top 10 News SBI Reports 55% YoY Rise in Net Profit in Q1 – Top Indian Market News State Bank of India Q1 Results: Net profit rises 55% YoY to Rs 6,504 crore State Bank of India (SBI) reported a 55.2% YoY increase in net profit to Rs 6,504 crore for the quarter ended June (Q1 FY22). Its net interest income (NII) rose 3.7% YoY to Rs 27,638 crore during the same period. […] Written by marketfeed Team August 4, 2021April 21, 2022
Market News Top 10 News RIL Reports 7% Fall in Net Profit in Q1 – Top Indian Market News Reliance Industries Q1 Results: Net profit falls 7% YoY to Rs 12,273 crore Reliance Industries Ltd (RIL) reported a 7.3% YoY decline in consolidated net profit to Rs 12,273 crore for the quarter ended June (Q1 FY22). Net profit has fallen by 7% when compared to the previous quarter. Its revenue from operations rose 58.2% […] Written by marketfeed Team July 23, 2021April 21, 2022
Market News Top 10 News Maruti Suzuki Reports 10% YoY Decline in Net Profit in Q4 – Top Indian Market News Maruti Suzuki Q4 Results: Net profit falls 10% YoY to Rs 1,166 crore Maruti Suzuki India Limited reported a 9.7% year-on-year (YoY) decline in net profit to Rs 1,166 crore for the quarter ended March (Q4). Revenue from operations rose 32% YoY to Rs 24,023 crore during the same period. The automaker sold a total […] Written by marketfeed Team April 27, 2021April 21, 2022
Market News Top 10 News IMF Raises India’s Growth Projection to 12.5% in FY22 – Top Indian Market News IMF raises India’s growth projection to 12.5% in FY22 The International Monetary Fund (IMF) has upgraded its growth projection for India to 12.5% for FY 2021-22 from 11.5% estimated in January. As per IMF’s report, India is the only country expected to register double-digit growth in the current financial year. The GDP growth for FY23 […] Written by marketfeed Team April 6, 2021April 21, 2022
Market News Top 10 News Adani Enterprises Signs Coal Mining Agreement With MAHAGENCO – Top Indian Market News Adani Enterprises signs coal mining agreement with MAHAGENCO Adani Enterprises Ltd, along with its wholly-owned subsidiary Gare Palma II Collieries Pvt Ltd, has signed a pact with Maharashtra State Power Generation Co Ltd (MAHAGENCO) for the development and operation of Gare Palma Sector II coal mine for 34 years. The coal block was allotted for […] Written by marketfeed Team April 2, 2021April 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
