Market News Top 10 News Retail Inflation Rises to 4.48% in October – Top Indian Market News Retail inflation rises marginally to 4.48% in October India’s retail inflation, as measured by the Consumer Price Index (CPI), rose marginally to 4.48% in October from 4.35% in September. This is the fourth successive month that the CPI data has come below the Reserve Bank of India’s (RBI) upper margin of 6%. Food inflation has […] Written by Cherian Varghese November 12, 2021November 12, 2021
Market News Top 10 News Grasim Gets Rs 8,334 crore Income Tax Demand – Top Indian Market News Grasim Industries gets Rs 8,334 crore income tax demand The Income Tax (IT) department has raised a demand of Rs 8,334 crore against Grasim Industries Ltd (GIL) as capital gains tax for the assessment year 2018-19. The demand by the IT department is related to the scheme of GIL’s merger with Aditya Birla Nuvo and […] Written by Cherian Varghese October 2, 2021October 2, 2021
Market News Top 10 News Future Retail Files New Case Against Amazon Over Deal – Top Indian Market News Future Retail Files New Case Against Amazon Over Deal Kishore Biyani’s Future Retail has filed a fresh lawsuit against Amazon in the Supreme Court. Amazon owns a critical stake in Future Retail. Amazon won an arbitration order that stalled Reliance’s decision to acquire Future Group. Future Group has argued that if the deal with Reliance […] Written by Maarg Vaidya August 28, 2021August 28, 2021
Market News Top 10 News PM Modi Launches Vehicle Scrappage Policy – Top Indian Market News PM Modi launches vehicle scrappage policy Prime Minister Narendra Modi has launched the ‘Voluntary Vehicle Fleet Modernisation Programme’ or the automobile scrappage policy. The new policy aims to phase out unfit and polluting cars and commercial vehicles which are older than 20 or 15 years, respectively. The scrappage policy will bring in investments of ~Rs […] Written by Cherian Varghese August 13, 2021August 13, 2021
Market News Top 10 News Tata Steel Reports 34% QoQ Rise in Net Profit in Q1 – Top Indian Market News Tata Steel Q1 Results: Net profit at Rs 8,907 crore Tata Steel Ltd reported a consolidated net profit of Rs 8,907 crore for the quarter ended June (Q1 FY22). It had posted a net loss of Rs 4,416 crore in Q1 FY21 and a net profit of Rs 6,644 crore in the previous quarter (Q4 […] Written by Cherian Varghese August 12, 2021August 12, 2021
Editorial Grasim Industries: A Jack Of All Trades Aditya Birla Grasim, popularly known as GRASIM is an Indian company that manufactures textile, cement, sponge iron, chemicals and even runs an Asset Management Company on the side! A flagship of the well-known Aditya Birla Group with its many subsidiaries, the company is a buzz on Dalal Street. The company’s profitable Q4FY21 results did boost […] Written by Maarg Vaidya June 1, 2021June 1, 2021
Market News Top 10 News Grasim Reports 13% YoY Rise in Net Profit in Q4 – Top Indian Market News Grasim Q4 Results: Net profit rises 13% YoY to Rs 2,616 crore Grasim Industries reported a 13.3% YoY increase in consolidated net profit to Rs 2,616.64 crore for the quarter ended March (Q4). Its revenue from operations rose 26% YoY to Rs 24,398.92 crore during the same period. The company’s viscose (rayon fabric) business posted […] Written by Cherian Varghese May 24, 2021May 24, 2021
Editorial The Paint Industry in India: An Analysis Over the past few months, the paint industry in India has been showing a strong recovery. We have also seen a surge in certain paint stocks in recent weeks. In this article, read more about the top 4 paint companies. Also, find out the reasons behind the strong growth of the industry as a whole. Written by Cherian Varghese January 27, 2021January 27, 2021
Market News Top 10 News Reliance Industries’ Net Profit Rises 12% YoY to Rs 13,101 crore – Top Indian Market News Reliance Industries Q3 Results: Net profit rises 12% YoY to Rs 13,101 crore Reliance Industries Ltd (RIL) reported a 12.5% YoY increase in consolidated net profit to Rs 13,101 crore for the quarter ended December (Q3). The company had posted a net profit of Rs 11,640 crore during the corresponding period in FY20. RIL’s consolidated […] Written by Cherian Varghese January 22, 2021January 22, 2021
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 Cherian Varghese November 12, 2020November 12, 2020
The Escorts-Kubota Deal Explained On November 18, Escorts Limited announced that Japan-based Kubota Corporation will join the company as a co-promoter. The foreign entity will invest nearly Rs 9,400 crore in the tractor manufacturing company. With this investment, Escorts is looking to obtain a sizable share of the world’s largest tractor market— India. Dalal Street welcomed this news with […] Written by Anand P M November 23, 2021November 24, 2021
Why Was The PayTM IPO a Flop Show? India’s largest IPO in a decade has turned a flop show! One97 Communications Ltd, the parent company of digital payments app PayTM, lost 27% of its share price on the day of its listing. Domestic retail investors had high hopes on the Rs 18,300 crore IPO. Nevertheless, investors were left surprised when the shares were […] Written by Maarg Vaidya November 22, 2021November 22, 2021
Go Fashion (India) Ltd IPO: All You Need to Know 2021 has been a record year for companies turning public. Go Fashion (India) Ltd, a leading women’s bottom-wear brand based in Chennai, has launched its IPO today— Nov 17. The company holds a nearly 8% market share in the branded women’s bottom-wear market in India. Let us take a closer look into the company and […] Written by Cherian Varghese November 17, 2021November 17, 2021
