Market News Top 10 News Tata Group Takes Over Air India – Top Indian Market News Tata Group takes over Air India after 69 years The Tata Group has officially taken over Air India from the government on Thursday. “We are totally delighted to have Air India back at the Tata group,” said Tata Sons Chairman N Chandrasekaran. Read more here. Canara Bank Q3 Results: Net profit jumps 115% YoY to […] Written by Cherian Varghese January 27, 2022January 27, 2022
Market News Top 10 News WPI Inflation Rises to 11.39% in August – Top Indian Market News WPI inflation rises to 11.39% in August India’s wholesale inflation, measured by the Wholesale Price Index (WPI), spiked to 11.39% in August 2021. WPI grew 11.16% in July and 12.07% in June. The food articles segment witnessed a (-)1.29% change in August, as prices of vegetables and fruits contracted. Inflation in the fuel and power […] Written by Cherian Varghese September 14, 2021September 14, 2021
Market News Top 10 News Tech Mahindra Reports 39% YoY Rise in Net Profit in Q1 – Top Indian Market News Tech Mahindra Q1 Results: Net profit rises 39% YoY to Rs 1,353 crore Tech Mahindra Ltd reported a 39.17% YoY increase in net profit to Rs 1,353.2 crore for the quarter ended June (Q1 FY22). Net profit has increased by 25.13% when compared to the previous quarter. Its revenue from operations rose 11.98% YoY to […] Written by Cherian Varghese July 29, 2021July 29, 2021
Market News Top 10 News Bank NPAs Could Rise To 9.8% in March 2022, says RBI – Top Indian Market News Bank NPAs could rise to 9.8% in March 2022, says RBI The Reserve Bank of India (RBI) has said in its Financial Stability Report that Non-Performing Assets (NPA) at Scheduled Commercial Banks (SCBs) could rise to anywhere between 9.8% to 11.2% by March 2022. The Gross NPA ratio for SCBs stood at 7.4% in March […] Written by Cherian Varghese July 2, 2021July 2, 2021
Market News Top 10 News HUL Reports 41% YoY Rise in Net Profit in Q4 – Top Indian Market News Hindustan Unilever Q4 Results: Net profit rises 41% YoY to Rs 2,143 crore Hindustan Unilever Ltd (HUL) reported a 41% year-on-year (YoY) increase in net profit to Rs 2,143 crore for the quarter ended March (Q4). Its revenue rose 35% YoY to Rs 11,947 crore during the same period. The FMCG firm saw strong demand […] Written by Cherian Varghese April 29, 2021April 29, 2021
Market News Top 10 News Maruti Suzuki Q3 Profit Rises 24% YoY – Top Indian Market News Maruti Suzuki Q3 Results: Net profit rises 24% YoY to Rs 1,941 crore Maruti Suzuki India Ltd reported a 24% year-on-year (YoY) increase in net profit to Rs 1,941 crore for the quarter ended December (Q3). Its revenue from operations rose 13.3% YoY to Rs 23,458 crore during the same period. The company sold a […] Written by Cherian Varghese January 28, 2021January 28, 2021
Market News Top 10 News PM Modi Reveals Plans to Boost India’s Renewable Energy Sector – Top Indian Market News PM Modi reveals plans to boost India’s renewable energy sector During his speech at RE-Invest 2020, Prime Minister Narendra Modi stated that India has huge renewable energy deployment plans for the next decade. These plans will likely generate business opportunities worth $20 billion (~Rs 1.47 lakh crore) per year. He further said that India’s renewable […] Written by Cherian Varghese November 26, 2020November 26, 2020
Market News Top 10 News L&T wins contract worth Rs 25,000 crore – Top Indian Market News L&T wins contract worth Rs 25,000 crore for bullet train project Larsen & Toubro (L&T) has secured its single biggest order of Rs 25,000 crore from the National High-Speed Rail Corporation. The company will build a portion of the 508 km corridor for the Mumbai-Ahmedabad bullet train project. The High-Speed Rail project is set to […] Written by Cherian Varghese October 29, 2020October 29, 2020
Why Did Motherson Sumi’s Shares Fall 22% Last Friday? The shares of Motherson Sumi Systems Ltd fell up to 22% to Rs 182.85 on the NSE last Friday (January 14). Investors went into panic mode as most were unaware of the developments happening at the company. Motherson Sumi Systems Ltd (MSSL) is a leading manufacturer of automotive components. It produces and sells wiring harnesses, […] Written by Cherian Varghese January 19, 2022January 19, 2022
The Rise, Fall, and Revival of Cafe Coffee Day (CCD) ‘A lot can happen over coffee’. Since its inception nearly 25 years ago, Cafe Coffee Day (CCD) has become a favourite hangout spot for Indians. It defined the café landscape within India. You can find CCD outlets on major highways, near colleges and corporate parks across our country. Its founder, V.G. Siddhartha, had an ambitious […] Written by Cherian Varghese January 17, 2022January 19, 2022
Government Becomes Largest Stakeholder in Vodafone Idea: What Next? The Government of India has become the largest shareholder in private telecom company Vodafone Idea. Vi has faced quite some turbulence in terms of its finances and is heavily burdened by debt to banks as well as the government. The government will be the largest shareholder in Vodafone Idea after converting all of its pending […] Written by Maarg Vaidya January 13, 2022January 13, 2022
