Market News Top 10 News RBI Raises Repo Rate by 50 bps to 5.4% – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: RBI raises repo rate by 50 bps to 5.4% The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has raised the repo rate by 50 basis points to 5.4% to bring down inflation in the country. “The MPC also […] Written by Cherian Varghese August 5, 2022August 5, 2022
Market News Top 10 News HDFC Posts 22% YoY Rise in Net Profit in Q1 – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: HDFC Q1 Results: Net profit rises 22% YoY to Rs 3,669 crore Housing Development Finance Corporation (HDFC) reported a 22% YoY increase in net profit to Rs 3,669 crore for the quarter ended June (Q1 FY23). Its net interest income (NII) rose […] Written by Cherian Varghese July 29, 2022July 29, 2022
Market News Top 10 News Rupee Hits 80 per US Dollar At Record Lowest – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Rupee Hits 80 per US Dollar At Record Lowest On July 19, 2022, Tuesday, the Indian Rupee to US Dollar conversion rate hit a new record low at Rs 80 per US Dollar in the interbank spot exchange. The rising trade deficit, […] Written by Maarg Vaidya July 19, 2022July 20, 2022
Market News Top 10 News Vi Defers Rs 8,837 crore AGR Dues Payment – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Vodafone Idea defers Rs 8,837 crore AGR dues payment Vodafone Idea Ltd’s (VIL) board has decided to defer payment of additional adjusted gross revenues (AGR) of Rs 8,837 crore dues by four years. On June 15, the Department of Telecommunications (DoT) had […] Written by Cherian Varghese June 23, 2022June 23, 2022
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
Editorial Shares of HDFC Bank, HDFC Surge on Merger Plans. Know More About it Here! Today, shares of HDFC Bank jumped nearly 11% to Rs 1,683, while that of HDFC surged 14% to Rs 2,800! The Board of Directors of mortgage lender Housing Development Finance Corporation Ltd (HDFC) has approved the merger of the company with HDFC Bank. The share exchange ratio for the amalgamation will be 42 equity shares […] Written by Cherian Varghese April 4, 2022August 1, 2022
Market News Top 10 News Lok Sabha Passes The Finance Bill, 2022 – Top Indian Market News Lok Sabha passes the Finance Bill, 2022 The Lok Sabha has approved the Finance Bill 2022 completing the budgetary exercise for FY 2022-23. The Finance Bill 2022 contains provisions that tighten the norms for taxation of Virtual Digital Assets (VDAs) or cryptocurrencies by disallowing set off of any losses with gains from other virtual digital […] Written by marketfeed Team March 25, 2022April 21, 2022
Market News Top 10 News IT Dept Raids Hero MotoCorp Premises – Top Indian Market News IT Dept raids Hero MotoCorp premises The Income Tax Department has conducted raids at multiple premises of Hero Motorcorp Ltd as part of a tax evasion investigation against the company. Offices and residential premises of the promoters (including chairman & CEO of the group Pawan Munjal) in Gurugram, Haryana, Delhi, and other locations were covered […] Written by marketfeed Team March 23, 2022April 21, 2022
Market News Top 10 News SBI to Provide $1B Credit Line to Sri Lanka – Top Indian Market News SBI to provide $1 billion credit line to Sri Lanka The Finance Ministry said the State Bank of India (SBI) will provide a $1 billion (~Rs 7,593 crore) credit facility to Sri Lanka for the procurement of food, medicines, and other essential items. Earlier, the Export-Import Bank of India extended a line of credit of […] Written by marketfeed Team March 17, 2022April 21, 2022
Market News Top 10 News Tata Motor’s Net Loss Widens to Rs 4,441 crore in Q2 – Top Indian Market News Tata Motors Q2 Results: Net loss widens to Rs 4,441 crore Tata Motors Ltd reported a consolidated net loss of Rs 4,441.6 crore for the quarter ended September (Q2 FY22). The automaker had reported a net loss of Rs 314.5 crore in the corresponding quarter last year and a net loss of Rs 4,451 crore […] Written by marketfeed Team November 1, 2021April 21, 2022
Market News Top 10 News HDFC to Raise up to Rs 6,000 crore via Bonds – Top Indian Market News HDFC plans to raise up to Rs 6,000 crore via bonds Housing Development Finance Corp (HDFC) will raise up to Rs 6,000 crore by issuing non-convertible debentures (NCDs) on a private placement basis. The NCDs will have a base issue size of Rs 3,000 crore, with an option to retain oversubscription of Rs 3,000 crore […] Written by marketfeed Team September 27, 2021April 21, 2022
Market News Top 10 News India to Export 8 million Covid-19 Vaccine Doses in October – Top Indian Market News India to export 8 million Covid-19 vaccine doses in October India will export eight million Covid-19 vaccine doses by the end of October after ending its ban on sending doses abroad. Prime Minister Narendra Modi has promised to resume exports of vaccines at a meeting of the ‘Quad’ leaders, as India, Japan, Australia, and the […] Written by marketfeed Team September 25, 2021April 21, 2022
Paytm Shares Are Up 32% From 52-Week Low. What Next? Shares of One97 Communications Ltd, the parent company of digital payments platform Paytm, have recovered ~32% from its 52-week low. Unfortunately, the stock is still down by Rs 1,280 or 65% compared to its IPO listing price of Rs 1,955! In today’s article, we analyze the recent developments surrounding Paytm and its financial performance. What […] Written by Cherian Varghese July 6, 2022July 7, 2022
An Analysis of India’s Green Hydrogen Industry India has announced plans to de-carbonize within the next 30 years. The government has taken strategic decisions to reduce the reliance on fossil fuels and cut down costly imports. Our country’s target of achieving 175 gigawatts (GW) of renewable energy capacity by 2022 has received a significant boost through new policies. As part of these […] Written by Cherian Varghese July 1, 2022July 2, 2022
Why RBL Bank’s Share Price is Down 60% this Year? RBL Bank’s share price has tanked by nearly 60% in a year and ~30% in the second week of June! The bank’s top-level management, financials, and asset quality are being questioned. In this piece, we figure out what led to the price crash and if India’s central bank could possibly recover RBL Bank’s damaged share […] Written by Maarg Vaidya June 28, 2022June 28, 2022
