Market News Top 10 News HUL’s Net Profit Rises 17% YoY in Q3 – Top Indian Market News HUL Q3 Results: Net profit rises 17% YoY to Rs 2,243 crore Hindustan Unilever Ltd reported a 16.76% YoY increase in net profit to Rs 2,243 crore for the quarter ended December (Q3 FY22). Net profit rose 5% when compared to the previous quarter. Its revenue from operations rose 10.23% YoY to Rs 13,183 crore […] Written by Cherian Varghese January 20, 2022January 20, 2022
Market News Top 10 News UltraTech Cement Posts 8% YoY Rise in Net Profit in Q3 – Top Indian Market News UltraTech Cement Q3 Results: Net profit rises 8% YoY to Rs 1,708 crore UltraTech Cement Ltd reported a 7.8% YoY increase in consolidated net profit to Rs 1,708 crore for the quarter ended December (Q3 FY22). Net profit increased 31% when compared to the previous quarter. Its revenue from operations rose 5.89% YoY (or 8% […] Written by Cherian Varghese January 17, 2022January 17, 2022
Market News Top 10 News TCS Reports 12% YoY Rise in Net Profit in Q3 – Top Indian Market News TCS Q3 Results: Net profit rises 12% YoY to Rs 9,769 crore Tata Consultancy Services (TCS) reported a 12.3% YoY increase in consolidated net profit to Rs 9,769 crore for the quarter ended December (Q3 FY22). Net profit increased 2% when compared to the previous quarter. Its revenue from operations rose 16.3% YoY to Rs […] Written by Cherian Varghese January 12, 2022January 12, 2022
Market News Top 10 News Centre to Become Largest Shareholder in Vi – Top Indian Market News Govt to become largest shareholder in Vodafone Idea Vodafone Idea’s (Vi) board has informed the Department of Telecommunications (DoT) that it will opt for converting the interest on spectrum and adjusted gross revenue (AGR) dues into government equity. The Indian govt will hold 35.8% and become the single largest shareholder in Vi. The cash-strapped telecom […] Written by Cherian Varghese January 11, 2022January 11, 2022
Market News Top 10 News L&T Bags Order for Mumbai-Ahmedabad Bullet Train Project – Top Indian Market News L&T secures third order for Mumbai-Ahmedabad bullet train project Larsen & Toubro (L&T) has secured a third order for the Mumbai-Ahmedabad High Speed Rail from the National High Speed Rail Corporation Ltd (NHSRCL). The order includes the design and construction of civil & building works for a double-line high-speed railway of a length of 8.198 […] Written by Cherian Varghese January 10, 2022January 10, 2022
Market News Top 10 News RIL Raises $4 billion in India’s Largest Forex Bond Deal – Top Indian Market News RIL raises $4 billion in India’s largest forex bond deal Reliance Industries Ltd (RIL) has raised $4 billion (~Rs 29,780 crore) in US dollar bonds, marking India’s largest-ever foreign currency bond deal. RIL raised $1.5 billion in a 10-year tranche, $1.75 billion in a 30-year, and $750 million in a 40-year deal. The company plans […] Written by Cherian Varghese January 6, 2022January 6, 2022
Market News Top 10 News Services PMI Falls to 3 Month Low in December – Top Indian Market News Services PMI falls to 3 month low in December India’s services sector activity fell to a three-month low in December but remained in the expansion zone. The IHS Markit India Services Purchasing Managers’ Index (PMI) stood at 55.5 in December 2021, compared to 58.1 in November. PMI is a month-on-month calculation, and a value above […] Written by Cherian Varghese January 5, 2022January 5, 2022
Market News Top 10 News Cabinet Clears Rs 76,000 crore Incentive Scheme for Semiconductors – Top Indian Market News Cabinet clears Rs 76,000 crore incentive scheme for semiconductors The Union Cabinet has approved a Rs 76,000 crore incentive scheme for semiconductor production. Under this scheme, India will set up more than 20 semiconductor design, components manufacturing, and display fabrication (fab) units over the next six years. The scheme has been named the “Programme for […] Written by Cherian Varghese December 15, 2021December 15, 2021
Market News Top 10 News Wholesale Inflation Rises to 14.23% in November – Top Indian Market News Wholesale inflation rises to 14.23% in November Wholesale price inflation (WPI) surged to a 12-year high of 14.23% in November, compared to 12.54% in October. The WPI inflation has been in double digits for the past 8 months. The high rate of inflation is primarily due to the rise in prices of mineral oils, basic […] Written by Cherian Varghese December 14, 2021December 14, 2021
Market News Top 10 News Hero MotoCorp Expands Operations in Argentina – Top Indian Market News Hero MotoCorp expands operations in Argentina Hero MotoCorp Ltd has announced the expansion of its operations in Argentina, with the opening of a flagship dealership in Buenos Aires in partnership with Gilera Motors Argentina (GMA). GMA will make investments to rapidly expand all business operations for Hero MotoCorp’s products. This move is expected to generate […] Written by Cherian Varghese December 3, 2021December 4, 2021
Market News Top 10 News L&T, ReNew Tie Up For Green Hydrogen Projects – Top Indian Market News L&T partners with ReNew for green hydrogen projects in India Larsen & Toubro (L&T) and ReNew Power have signed an agreement to tap the $2 billion green hydrogen business opportunities in India and neighboring countries. Under this agreement, L&T and ReNew will jointly develop, own, execute and operate green hydrogen projects. The partnership will allow […] Written by Cherian Varghese December 2, 2021December 2, 2021
Market News Top 10 News Centre to Buy 1 Crore Shots of Zydus Cadila’s Covid-19 Vaccine – Top Indian Market News Centre to buy 1 crore shots of Zydus Cadila’s Covid-19 vaccine The Central government has placed a purchase order of 1 crore doses of Zydus Cadila’s three-dose Covid vaccine ZyCoV-D at Rs 265 per dose. The needle-free vaccine will cost Rs 93 per dose (excluding GST). The complete dose of the vaccine will cost Rs […] Written by Cherian Varghese November 8, 2021November 8, 2021
What is DeFi? What are its Applications? While investing or trading in cryptocurrencies, you might have come across a category of tokens known as DeFi or Decentralised Finance. With the advancement of blockchain technology and a large variety of cryptos, many consider DeFi to be the future of financing in the world. In this article, we dive into the world of Decentralised […] Written by Cherian Varghese January 10, 2022January 10, 2022
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
