Market News Top 10 News HDFC Bank’s Net Profit Rises 18% YoY in Q3 – Top Indian Market News HDFC Bank Q3 Results: Net profit rises 18% YoY to Rs 10,342 crore HDFC Bank reported an 18% YoY increase in net profit to Rs 10,342.2 crore for the quarter ended December (Q3 FY22). Net profit increased 17% when compared to the previous quarter. Its net interest income (NII) grew 13% YoY (or 4% QoQ) […] Written by Cherian Varghese January 15, 2022January 15, 2022
Market News Top 10 News DMart’s Net Profit Rises 24% YoY in Q3 – Top Indian Market News Avenue Supermarts Q3 Results: Net profit rises 24% YoY to Rs 553 crore Avenue Supermarts Ltd (DMart) reported a 23.71% YoY increase in consolidated net profit to Rs 553 crore for the quarter ended December (Q3 FY22). Net profit rose 32% compared to the previous quarter. Its revenue from operations rose 22.2% YoY (or 18% […] Written by Cherian Varghese January 8, 2022January 8, 2022
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 India’s GDP Expands 8.4% in Q2 – Top Indian Market India’s GDP expands by 8.4% in July-Sept quarter India’s gross domestic product (GDP) grew 8.4% in the July-September quarter of the current financial year (Q2 FY22). The GDP had contracted by 7.4% in the corresponding quarter last year. GDP at Constant (2011-12) Prices is estimated at Rs 35.73 lakh crore in Q2 FY22, compared to […] Written by Cherian Varghese November 30, 2021November 30, 2021
Market News Top 10 News TVS Motors to Invest Rs 1,200 crore in Future Tech and EV – Top Indian Market News TVS Motors to invest Rs 1,200 crore in future technologies and EV TVS Motor Company Ltd has signed a Memorandum of Understanding (MoU) with the Govt of Tamil Nadu to invest Rs 1,200 crore in future technologies and electric vehicles (EVs) over the next four years. The investment would be for the design, development, and […] Written by Cherian Varghese November 23, 2021November 23, 2021
Market News Top 10 News IDFC First Bank Reports 50% YoY Rise in Net Profit in Q2 – Top Indian Market News IDFC First Bank Q2 Results: Net profit rises 50% YoY to Rs 151 crore IDFC First Bank reported a 49.6% YoY increase in net profit to Rs 151.7 crore for the quarter ended September (Q2 FY22). Its net interest income (NII) rose 27.4% YoY to Rs 2,722 crore during the same period. [NII is the […] Written by Cherian Varghese October 30, 2021October 30, 2021
Market News Top 10 News Maruti Suzuki’s Net Profit Falls 65% YoY in Q2 – Top Indian Market News Maruti Suzuki Q2 Results: Net profit falls 65% YoY to Rs 475 crore Maruti Suzuki India reported a 65.35% YoY decline in net profit to Rs 475.3 crore for the quarter ended September (Q2 FY22). Net profit fell 7.8% compared to the previous quarter. The automaker’s net sales fell 9.09% YoY to Rs 19,297.8 crore […] Written by Cherian Varghese October 27, 2021October 27, 2021
Market News Top 10 News RIL to Invest Rs 75,000 crore in Renewable Energy Gigafactories – Top Indian Market News RIL to invest Rs 75,000 crore in four renewable energy gigafactories Reliance Industries Ltd (RIL) will invest Rs 75,000 crore over the next three years to set up four renewable energy gigafactories in Jamnagar, Gujarat. The complex will include a solar photovoltaic module factory and an advanced energy storage battery factory. It would also comprise […] Written by Cherian Varghese September 3, 2021September 3, 2021
Market News Top 10 News India’s GDP Grows 20.1% in Q1 – Top Indian Market News India records GDP growth at 20.1% in Q1 India’s gross domestic product (GDP) for the April-June quarter (Q1 FY22) grew 20.1% as per the provisional estimates released by the Ministry of Statistics and Programme Implementation (MoSPI). The sharp rise in Q1 GDP data can be mainly attributed to a low base last year. The economy […] Written by Cherian Varghese August 31, 2021August 31, 2021
Market News Top 10 News Bharti Airtel to Reduce Debt, Fuel Growth With Rs 21,000 crore Fund Raise – Top Indian Market News Bharti Airtel to reduce debt, fuel growth with Rs 21,000 crore capital raise Bharti Airtel founder-chairman Sunil Mittal said the telecom operator aims to improve its access to growth capital and reduce debt leverage. He said the company has been “loaded with extraordinary debt” and will not shy away from raising tariffs. During an investor […] Written by Cherian Varghese August 30, 2021August 30, 2021
Editorial Automobile Price Hikes in 2021: Explained Since the beginning of 2021, major automobile companies have resorted to hiking the prices of their vehicles. Most automakers raised prices by nearly 3-4% across all categories during the first week of January. There was another round of price increases in April. The automotive industry is reportedly planning to introduce a further round of price […] Written by Cherian Varghese August 25, 2021August 25, 2021
Market News Top 10 News CCI Imposes Rs 200 crore Penalty on Maruti Suzuki – Top Indian Market News CCI imposes Rs 200 crore penalty on Maruti Suzuki over dealer discount policy The Competition Commission of India (CCI) has imposed a penalty of Rs 200 crore on Maruti Suzuki India Ltd for indulging in anti-competitive practices by restricting discounts offered by its dealers. It was revealed that the automaker had employed mystery shopping agencies […] Written by Cherian Varghese August 23, 2021August 23, 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
