Market News Top 10 News Jubilant FoodWorks Posts 58% YoY Rise in Net Profit in Q2 – Top Indian Market News Jubilant FoodWorks Q2 Results: Net profit rises 58% YoY to Rs 121 crore Jubilant FoodWorks Ltd reported a 58% YoY increase in net profit to Rs 121.5 crore for the quarter ended September (Q2 FY22). Net profit increased by 73% compared to the previous quarter. Its revenue from operations rose 36.6% YoY (or 25% QoQ) […] Written by Cherian Varghese October 20, 2021October 20, 2021
Market News Top 10 News Bharti Airtel to Invest Rs 5,000 crore in Data Centre Business – Top Indian Market News Bharti Airtel to invest Rs 5,000 crore to triple data centre capacity by 2025 Bharti Airtel will invest Rs 5,000 crore over the next 3-4 years to scale up its data centre capacity in India to meet the surging demand from domestic and global customers. The telecom company has unveiled a refreshed brand identity— ‘Nxtra […] Written by Cherian Varghese September 30, 2021September 30, 2021
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 Cherian Varghese September 27, 2021September 27, 2021
Market News Top 10 News Dr Reddy’s Reports 1% YoY Fall in Net Profit in Q1 – Top Indian Market News Dr Reddy’s Labs Q1 Results: Net profit declines 1% YoY to Rs 571 crore Dr Reddy’s Laboratories Ltd reported a 1% year-on-year (YoY) decline in consolidated net profit to Rs 571 crore for the quarter ended June (Q1 FY22). Its revenue from operations rose 11% YoY to Rs 4,919 crore during the same period. The […] Written by Cherian Varghese July 27, 2021July 27, 2021
Market News Top 10 News ITC Reports 30% YoY Rise in Net Profit in Q1 – Top Indian Market News ITC Q1 Results: Net profit rises 30% YoY to Rs 3,343 crore ITC Limited reported a 30.24% YoY increase in consolidated net profit to Rs 3,343.44 crore for the quarter ended June (Q1 FY22). Net profit has fallen by 12.4% when compared to the previous quarter. Its revenue from operations rose 36% YoY to Rs […] Written by Cherian Varghese July 24, 2021July 24, 2021
Market News Top 10 News India’s Power Demand Hits All-Time High of 197.06 GW – Top Indian Market News India’s power demand hits all-time high of 197.06 GW The total power demand in India touched an all-time high of 197.06 gigawatts (GW) on Tuesday (July 6). Many states are witnessing high temperatures due to delayed monsoon. The easing of Covid-related restrictions has also led to a surge in power demand. Last month, the highest […] Written by Cherian Varghese July 7, 2021July 7, 2021
Market News Top 10 News Ashok Leyland to Set Up ‘Mother EV’ Plant in India – Top Indian Market News Ashok Leyland to set up ‘mother EV’ plant in India Ashok Leyland Ltd has announced plans to set up a ‘mother plant’ in India under its UK-based subsidiary Switch for its electric vehicle (EV) business. Switch UK will set up an Indian entity, which in turn will establish the plant. Ashok Leyland’s entire EV business […] Written by Cherian Varghese June 26, 2021June 26, 2021
Market News Top 10 News RIL Reports 108% YoY Jump in Net Profit in Q4 – Top Indian Market News Reliance Industries Q4 Results: Net profit at Rs 13,227 crore Reliance Industries Limited (RIL) reported a 108% YoY increase in consolidated net profit at Rs 13,227 crore for the quarter ended March (Q4). On a quarterly basis, net profit has grown 1%. The consolidated revenue from operations rose 11% YoY to Rs 1,54,896 crore during […] Written by Cherian Varghese April 30, 2021April 30, 2021
TATA Takes Back Air India. What’s Next? On October 8, Puhin Kent Pandey, Secretary of the Department of Investment and Public Asset Management (DIPAM) announced that Tata Sons had won the bid for debt-laden Air India. The news has taken the aviation industry by storm. The airline has returned to the Tata Group after 68 years! In this editorial, we dive into […] Written by Anand P M October 11, 2021October 11, 2021
Analysing a $13 Billion Business Empire: JSW Group Since its inception around 39 years ago, the JSW Group has become one of the most respectable and fastest-growing conglomerates in the world. The $13 billion (~Rs 97.250 crore) business empire operates one of the leading steel companies in India. It even owns some of our favourite sports teams. In today’s article, learn more about […] Written by Cherian Varghese October 8, 2021October 8, 2021
OYO Rooms Files For IPO: Pre-IPO Review Oravel Stays Limited, popularly known as OYO Rooms, has filed its Draft Red Herring Prospectus (DHRP) with the Securities and Exchange Board of India (SEBI). The papers filed by OYO are not final and give only insight into its intention, business model, and the challenges it faces before the IPO. The loss-making company with a […] Written by Maarg Vaidya October 7, 2021October 7, 2021
