Market News Top 10 News Yes Bank Plans Growth Roadmap After $1B Capital Raising – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Yes Bank plans growth roadmap after $1 billion capital raising Yes Bank is aiming to expand its loan book by 15% in FY23 and acquire smaller rivals to revive its business, said CEO Prashant Kumar. The bank’s expansion plan comes after it […] Written by Cherian Varghese August 4, 2022August 4, 2022
Market News Top 10 News Manufacturing PMI Hits 8-Month High in July – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Manufacturing PMI hits 8-month high in July India’s manufacturing sector activity hit the highest level in eight months in July 2022, driven by significant growth in business orders. The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) stood at 56.4 in July, […] Written by Cherian Varghese August 1, 2022August 1, 2022
Market News Top 10 News PVR Reports First Profit After Two Years – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: PVR Q1 Results: Net profit at Rs 68 crore PVR Limited reported its first net profit after two Covid-hit years at Rs 68.3 crore for the quarter ended June (Q1 FY23). The multiplex operator had posted a net loss of Rs 142 […] Written by Cherian Varghese July 21, 2022July 22, 2022
Market News Top Crypto News Wipro Reports 21% YoY Decline in Net Profit in Q1 – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Wipro Q1 Results: Net profit falls 21% YoY to Rs 2,563 crore Wipro Ltd reported a 20.9% YoY decline in net profit to Rs 2,563 crore for the quarter ended June (Q1 FY23). Its revenue from operations grew 17.9% YoY to Rs […] Written by Cherian Varghese July 20, 2022July 21, 2022
Market News Top 10 News Mindtree Reports 37% YoY Rise in Net Profit in Q1 – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Mindtree Q1 Results: Net profit rises 37% YoY to Rs 472 crore Mindtree reported a 37.3% YoY increase in net profit to Rs 471.6 crore for the quarter ended June (Q1 FY23). Its revenue from operations grew 36.2% YoY (or 7.7% QoQ) […] Written by Cherian Varghese July 13, 2022July 13, 2022
Market News Top 10 News SpiceJet Gets Show-Cause Notice From DGCA – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: SpiceJet gets show-cause notice from DCGA for safety lapses The Directorate-General for Civil Aviation (DGCA) has issued a show-cause notice to SpiceJet Ltd for failing to establish a safe and reliable air service. An unusually high number of incidents involving SpiceJet aircraft […] Written by Cherian Varghese July 6, 2022July 6, 2022
Market News Top 10 News Tata Power to Set Up Mega Solar Project in TN – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Tata Power to invest Rs 3,000 crore to set up mega solar plant in Tamil Nadu Tata Power Ltd has signed a Memorandum of Understanding (MoU) with the Tamil Nadu Government to invest ~Rs 3,000 crores in a new 4 gigawatt (GW) […] Written by Cherian Varghese July 4, 2022July 4, 2022
Market News Top 10 News Maruti Suzuki Reports 58% YoY Rise in Q4 Net Profit – Top Indian Market News Maruti Suzuki Q4 Results: Net profit rises 58% YoY to Rs 1,839 crore Maruti Suzuki India Ltd (MSIL) reported a 58% YoY increase in net profit to Rs 1,839 crore for the quarter ended March (Q4 FY22). Its revenue from operations rose 11% YoY to Rs 25,514 crore during the same period. The automaker sold […] Written by Cherian Varghese April 29, 2022April 29, 2022
Market News Top 10 News Bajaj Finance Reports 80% YoY Rise in Q4 Net Profit – Top Indian Market News Bajaj Finance Q4 Results: Net profit rises 80% YoY to Rs 2,420 crore Bajaj Finance Ltd reported an 80% YoY (or 14% QoQ) increase in net profit to Rs 2,419.5 crore for the quarter ended March (Q4 FY22). Its net interest income (NII) rose 30% YoY to Rs 6,068 crore during the same period. The […] Written by marketfeed Team April 26, 2022April 26, 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 SpiceJet Posts Net Profit of Rs 23 crore in Q3 – Top Indian Market News SpiceJet Q3 Results: Net profit at Rs 23 crore SpiceJet Ltd reported a net profit of Rs 23.28 crore for the quarter ended December (Q3 FY22). It had posted a net loss of Rs 59.96 crore in the corresponding quarter last year (Q3 FY21). Its revenue from operations rose 33.95% YoY to Rs 2,259.3 crore […] Written by marketfeed Team February 15, 2022April 21, 2022
Market News Top 10 News Bajaj Finance’s Net Profit Rises 85% YoY in Q3 – Top Indian Market News Bajaj Finance Q3 Results: Net profit rises 85% YoY to Rs 2,125 crore Bajaj Finance Ltd reported an 85% YoY increase in consolidated net profit to Rs 2,125 crore for the quarter ended December (Q3 FY22). Its net interest income (NII) rose 40% YoY to Rs 6,000 crore during the same period. The gross non-performing […] Written by marketfeed Team January 18, 2022April 21, 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
What’s Happening at Yes Bank? Scandal-ridden Yes Bank has been all over the news lately. It has initiated the process to form a new Board of Directors. The private sector bank seeks to exit from the reconstruction scheme devised for its rescue in 2020. It has reported a positive momentum in overall business and even claimed to regain the trust […] Written by Cherian Varghese June 14, 2022June 14, 2022
