Market News Top 10 News Sun Pharma Reports 62% QoQ Rise in Net Profit in Q1 – Top Indian Market News Sun Pharma Q1 Results: Net profit rises 62% QoQ to Rs 1,444 crore Sun Pharmaceutical Industries reported a 62% quarter-on-quarter (QoQ) increase in net profit to Rs 1,444.17 crore for the quarter ended June (Q1 FY22). It had posted a net loss of Rs 1,655.6 crore in the corresponding quarter last year (Q1 FY21). Its […] Written by Cherian Varghese July 30, 2021July 30, 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
Market News Top 10 News India’s Manufacturing PMI Falls to Lowest in Seven Months – Top Indian Market News India’s manufacturing PMI declines to 7-month low of 55.4 in March India’s factory activity grew at its weakest pace in seven months in March, as renewed lockdowns to curtail an increase in Covid-19 cases dampened domestic demand and output. The IHS Markit Purchasing Managers’ Index (PMI) for India’s manufacturing sector declined to 55.4 in March […] Written by Cherian Varghese April 5, 2021April 5, 2021
Editorial Marico’s Saffola Oodles vs Maggi and Yippee. Can Everyone Win? The instant noodles market in India is growing constantly, and is now worth Rs 9,000 crore. More companies want to obtain a piece of this highly promising market. Recently, Marico announced the launch of 'Saffola Oodles', which will take on brands such as Maggi and Yippee. Through this article, find out if this launch will take the market by storm. Written by Cherian Varghese March 10, 2021March 10, 2021
Market News Top 10 News Jubilant Foodworks To Buy Stake In Master Franchisee Of Domino’s Pizza – Top Indian Market News Jubilant Foodworks to acquire stake in master franchisee of Domino’s Pizza in 4 countries Jubilant Foodworks Ltd will acquire Fides Food Systems Coöperatief U.A., Netherlands—the beneficial owner of 32.81% of equity shares in DP Eurasia—in an all-cash deal amounting to nearly £24.8 million (~Rs 252 crore). The stake will be acquired through its subsidiary, Jubilant […] Written by Cherian Varghese February 19, 2021February 19, 2021
Market News Top 10 News HUL’s Q3 Profit Jumps 19% YoY to Rs 1,921 crore – Top Indian Market News HUL Q3 Results: Net profit rises 19% YoY to Rs 1,921 crore Hindustan Unilever Ltd (HUL) reported an 18.8% YoY increase in net profit to Rs 1,921 crore for the quarter ended December (Q3). The FMCG firm’s revenue rose 20.94% YoY to Rs 11,862 crore during the same period. Its domestic volume growth jumped 7% […] Written by Cherian Varghese January 27, 2021January 27, 2021
Market News Top 10 News India’s Manufacturing PMI Remains Stable in December – Top Indian Market News India’s manufacturing PMI in expansionary zone for fifth straight month Aided by improved domestic demand, business activity in India’s manufacturing sector continued to recover in December 2020. IHS Markit’s Manufacturing Purchasing Managers Index (PMI) rose from 56.3 in November to 56.4 in December. The loosening of Covid-19 restrictions, strengthening demand, and improved market conditions had […] Written by Cherian Varghese January 4, 2021January 4, 2021
Editorial The Honey Scam – All You Need to Know The people of India has fallen prey to another scam. This time, it is a food item that boosts our immunity- Honey! An investigation by CSE has confirmed that brands such as Dabur and Patanjali have been selling adulterated honey. Learn more about the shocking revelations made by CSE, and much more. Written by Cherian Varghese December 7, 2020December 7, 2020
Market News Top 10 News L&T reports 45% YoY decline in net profit – Top Indian Market News L&T reports 45% YoY decline in net profit Larsen & Toubro (L&T) reported a 44.73% year-on-year (YoY) decline in consolidated net profit at Rs 1,410.29 crore, for the quarter ended September (Q2). The company’s revenue from operations has declined by 12.15% YoY to Rs 31,034.74 crore, during the same period. L&T’s Board of Directors has […] Written by Cherian Varghese October 28, 2020October 28, 2020
Market News Marico Q1 FY21 results: Net Profits rise by 23% Indian FMCG firm, Marico, posted a 23.17% year-on-year rise in net profit at Rs 388 crore for the quarter ended June 30. A net profit of Rs 315 crore was declared last year for the same quarter (April-June). Total revenue generated fell this year from Rs 2166 crore to Rs 1925 crore. Q1 FY21 Q4 FY20 Q1 FY20 YoY QoQ Revenue 1925 1496 2166 […] Written by Sanidhya Bhardwaj July 27, 2020July 27, 2020
China’s Attack on Edtech Companies: Explained As part of their continued crackdown on tech companies, the Chinese government has asked after-school tutoring institutions in the education technology (ed-tech) sector to convert into not-for-profit entities. Ed-tech companies would also be barred from raising funds, launching a public issue (IPO), or acquiring other educational services. This has led to a massive sell-off of […] Written by Cherian Varghese July 29, 2021July 29, 2021
Rolex Rings IPO: All You Need To Know It’s raining IPOs once more! Rolex Rings Limited has decided to get listed. Its IPO begins today on July 28 and ends on July 30. Rolex Rings makes bearing rings and automotive components that are used in all sorts of vehicles as well as other industrial processes. The company has big names like Ford and […] Written by Maarg Vaidya July 28, 2021July 28, 2021
Glenmark Life Sciences IPO: All You Need to Know The IPO frenzy continues! Glenmark Life Sciences has launched its three-day IPO today— July 27. It is a subsidiary of Glenmark Pharma, one of the leading Indian pharmaceutical companies. In this article, we take a closer look into the company and its IPO. Company Profile – Glenmark Life Sciences Ltd Glenmark Life Sciences Ltd (GLSL) […] Written by Cherian Varghese July 27, 2021July 27, 2021
