Market News Top 10 News IEX Reports 75% YoY Rise in Net Profit in Q2 – Top Indian Market News IEX Q2 Results: Net profit rises 75% YoY to Rs 77 crore Indian Energy Exchange (IEX) reported a 75% YoY increase in consolidated net profit to Rs 77 crore for the quarter ended September (Q2 FY22). Net profit increased by 25% compared to the previous quarter. Its revenue from operations rose 56% YoY (or 21% […] Written by Cherian Varghese October 21, 2021October 21, 2021
Market News Top 10 News Tata Motors Gets NCLT Nod to Hive Off PV Business – Top Indian Market News Tata Motors gets NCLT approval to hive off PV business Tata Motors Ltd has received approval from the National Company Law Tribunal (NCLT) Mumbai bench to hive off its passenger vehicles (PV) business unit into a separate entity. In March 2021, the shareholders of the company had voted and approved the transfer of the PV […] Written by Cherian Varghese August 27, 2021August 27, 2021
Market News Top 10 News Maruti Suzuki Reports 62% QoQ Fall in Net Profit in Q1 – Top Indian Market News Maruti Suzuki Q1 Results: Net profit at Rs 441 crore Maruti Suzuki India Ltd reported a standalone net profit of Rs 440.8 crore for the quarter ended June (Q1 FY22). Net profit has declined by 62% when compared to the previous quarter. It had posted a net loss of Rs 249 crore in the corresponding […] Written by Cherian Varghese July 28, 2021July 28, 2021
Market News Top 10 News India’s Services PMI Falls into Contraction Territory in May – Top Indian Market News India’s services PMI falls into contraction territory in May India’s services sector activities slumped into contraction territory for the first time in eight months in May 2021. The deadlier second wave of the Covid-19 pandemic has led to muted domestic demand and a sharp decline in international orders. The IHS Markit India Services Purchasing Managers’ […] Written by Cherian Varghese June 3, 2021June 3, 2021
Market News Top 10 News RBI Governor Announces Measures to Battle Second Wave Impact – Top Indian Market News RBI Governor announces relief measures to battle second wave impact Reserve Bank of India (RBI) Governor Shaktikanta Das announced a set of relief measures to help stakeholders battle the impact of the second wave of Covid-19 infections in the country. The RBI has opened an on-tap liquidity window of Rs 50,000 crore to ramp up […] Written by Cherian Varghese May 5, 2021May 5, 2021
Market News Top 10 News Manufacturing PMI Remains Steady in April – Top Indian Market News Manufacturing PMI remains steady in April Manufacturing activity in India remained steady in April despite the devastating surge in Covid-19 cases amidst the second wave. The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) stood at 55.5 in April, compared with 55.4 in March. This is the eighth straight month that PMI has remained in […] Written by Cherian Varghese May 3, 2021May 3, 2021
Market News Top 10 News Jio & Facebook to Accelerate India’s $5 trillion Economy Push – Top Indian Market News Jio and Facebook to accelerate India’s $5 trillion economy push: Mukesh Ambani Facebook founder Mark Zuckerberg and Reliance Industries Chairman Mukesh Ambani, on Tuesday, spoke about the partnership between Facebook and Jio- highlighting how each company benefits from the association. They were speaking at the Facebook Fuel for India 2020 event. Opening up on the […] Written by Cherian Varghese December 15, 2020December 15, 2020
Market News Top 10 News HCL Tech reports 18.5% YoY increase in net profit- Top Indian Market News HCL Tech reports 18.5% year-on-year increase in net profit IT firm HCL Technologies reported an increase in net profit by 18.5% year-on-year (YoY) to Rs 3,142 crore, for the quarter ended September (Q2). The company’s revenue grew 6.1% YoY to Rs 18,594 crore. HCL Tech has also announced an interim dividend of Rs 4 per […] Written by Cherian Varghese October 16, 2020October 16, 2020
The Fed Minutes: Explained Minutes of the US Federal Reserve’s December policy meeting were released last week. It outlines the central bank’s plans to speed up measures to keep inflation in check. The US markets fell heavily following the developments as investors are concerned about the aggressive stance of the Fed. The Indian markets declined by up to ~1.5% […] Written by Cherian Varghese January 10, 2022January 10, 2022
With Omicron and Lockdowns, is PVR in Trouble Again? Cinemas have managed to stay afloat despite not being functional for a reasonable amount of time. As some of the movie theatres resumed operations from July 31, 2021, a rush of movies, coupled with a keen audience, managed to add to revenue for cinemas. PVR is the largest company by market capitalisation that operates cinemas […] Written by Maarg Vaidya January 7, 2022January 7, 2022
Why are FMCG Distributors on Strike? FMCG distributors in Maharashtra have called for a boycott of Hindustan Unilever Ltd’s products. They have also warned Colgate Palmolive India Ltd of taking strict action after the company failed to respond to their concerns. If the demands proposed by traditional FMCG distributors are not addressed, it could get difficult to buy essential products at […] Written by Cherian Varghese January 4, 2022January 4, 2022
