Market News Top 10 News Manufacturing PMI Rises to 53.7 in September – Top Indian Market News Manufacturing PMI rises to 53.7 in September India’s manufacturing activity expanded for the third straight month in September. The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) stood at 53.7 in September, compared with 52.3 in August. Companies benefited from strengthening demand conditions amid the easing of Covid-19 restrictions. However, the increase in fuel, raw […] Written by Cherian Varghese October 1, 2021November 1, 2021
Market News Top 10 News Bharti Airtel Conducts Cloud Gaming Session on 5G Trial Network – Top Indian Market News Bharti Airtel conducts cloud gaming session on 5G trial network Bharti Airtel has successfully conducted India’s first cloud gaming session in a 5G environment. The demonstration was conducted in Manesar, Gurgaon, as part of the ongoing 5G trials using spectrum allotted by the Department of Telecommunications (DoT). Cloud gaming enables users to stream and play […] Written by Cherian Varghese September 2, 2021September 2, 2021
Market News Top 10 News Zydus Cadila’s ZyCoV-D Gets Emergency Use Approval in India – Top Indian Market News Zydus Cadila’s ZyCoV-D gets emergency use authorisation in India The Subject Expert Committee (SEC) of Central Drugs Standard Control Organisation (CDSCO) has recommended the Emergency Use Authorization (EUA) for Zydus Cadila’s Covid-19 vaccine, ZyCoV-D, in India. The three-dose vaccine is applied using a needle-free system known as Tropis, which can also lead to a significant […] Written by Cherian Varghese August 20, 2021August 20, 2021
Market News Top 10 News Tata Steel Reports 34% QoQ Rise in Net Profit in Q1 – Top Indian Market News Tata Steel Q1 Results: Net profit at Rs 8,907 crore Tata Steel Ltd reported a consolidated net profit of Rs 8,907 crore for the quarter ended June (Q1 FY22). It had posted a net loss of Rs 4,416 crore in Q1 FY21 and a net profit of Rs 6,644 crore in the previous quarter (Q4 […] Written by Cherian Varghese August 12, 2021August 12, 2021
Market News Top 10 News Power Grid Reports 6% YoY Rise in Net Profit in Q4 – Top Indian Market News Power Grid Corp Q4 Results: Net profit rises 6% YoY to Rs 3,526 crore Power Grid Corporation of India reported a 6.42% YoY (or 4.7 QoQ) increase in consolidated net profit to Rs 3,526.23 crore for the quarter ended March (Q4). Its revenue from operations rose 3.5% YoY to Rs 10,510.32 crore during the same […] Written by Cherian Varghese June 17, 2021June 18, 2021
Market News Top 10 News Report of NSDL Freezing 3 FPI Accounts ‘Erroneous’, says Adani Group – Top Indian Market News Report of NSDL freezing accounts of FPIs are erroneous: Adani Group In a filing to the stock exchanges, the Adani Group clarified that reports of the National Securities Depository Ltd (NSDL) freezing the accounts of three foreign portfolio investors (FPIs) are “blatantly erroneous”. They stated that the report was meant to deliberately mislead the investing […] Written by Cherian Varghese June 14, 2021June 16, 2021
Market News Top 10 News Amara Raja Batteries Reports 38% YoY Rise in Net Profit in Q4 – Top Indian Market News Amara Raja Batteries Q4 Results: Net profit rises 38% YoY to Rs 189 crore Amara Raja Batteries reported a 38% YoY increase in consolidated net profit to Rs 189.38 crore for the quarter ended March (Q4). Net profit has declined by 2.23% when compared to the previous quarter. Its revenue from operations rose 33% YoY […] Written by Cherian Varghese May 22, 2021May 22, 2021
Market News Top 10 News Manufacturing PMI Remains Steady in April – Top Indian Market News Manufacturing PMI remains steady in April Manufacturing activity in India remained steady in April despite the devastating surge in Covid-19 cases amidst the second wave. The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) stood at 55.5 in April, compared with 55.4 in March. This is the eighth straight month that PMI has remained in […] Written by Cherian Varghese May 3, 2021May 3, 2021
Market News Top 10 News Tech Mahindra’s Net Profit Declines 17.4% QoQ in Q4 – Top Indian Market News Tech Mahindra Q4 Results: Net profit declines 17.4% QoQ to 1,081 crore Tech Mahindra reported a 17.4% quarter-on-quarter (QoQ) decline in net profit to Rs 1,081 crore for the quarter ended March (Q4). Net profit is up 34.6% on a year-on-year (YoY) basis. The IT firm’s revenue rose 0.9% QoQ to Rs 9,730 crore during […] Written by Cherian Varghese April 26, 2021April 26, 2021
Market News Top 10 News India’s WPI Inflation Rises to 4.17% in February – Top Indian Market News India’s WPI inflation rises to 4.17% in February Wholesale inflation in India jumped to a 27-month high in February 2021, as prices of food, fuel, and power surged. Inflation based on the Wholesale Price Index (WPI) increased to 4.17% in February, compared to 2.03% in January. The WPI Food Index rose to 3.31% in the […] Written by Cherian Varghese March 15, 2021March 15, 2021
Market News Top 10 News Tata Motors’ Shareholders Approve Hiving Off PV Business Into New Entity – Top Indian Market News Tata Motors’ shareholders approve hiving off PV business into new entity Tata Motors Limited announced that its shareholders have approved the separation of its passenger vehicle (PV) business into a new entity. On March 5, the shareholders of the company voted to consider and approve the transfer of the PV business unit to TML Business […] Written by Cherian Varghese March 8, 2021March 8, 2021
Market News Top 10 News Amazon Moves Supreme Court Against Future-Reliance Retail Deal – Top Indian Market News Amazon moves Supreme Court against Future-Reliance Retail deal Amazon.com, Inc has moved the Supreme court against the Rs 24,713 crore deal between Future Retail and Reliance Retail. Recently, a special bench of the Delhi High Court dealt a blow to the US firm by revoking a previous court decision that effectively blocked the deal. The […] Written by Cherian Varghese February 11, 2021February 11, 2021
Why Was The PayTM IPO a Flop Show? India’s largest IPO in a decade has turned a flop show! One97 Communications Ltd, the parent company of digital payments app PayTM, lost 27% of its share price on the day of its listing. Domestic retail investors had high hopes on the Rs 18,300 crore IPO. Nevertheless, investors were left surprised when the shares were […] Written by Maarg Vaidya November 22, 2021November 22, 2021
Go Fashion (India) Ltd IPO: All You Need to Know 2021 has been a record year for companies turning public. Go Fashion (India) Ltd, a leading women’s bottom-wear brand based in Chennai, has launched its IPO today— Nov 17. The company holds a nearly 8% market share in the branded women’s bottom-wear market in India. Let us take a closer look into the company and […] Written by Cherian Varghese November 17, 2021November 17, 2021
Q2 Result Analysis: Tata Steel Net Profit Soars 660% YoY Tata Steel, the steel giant, saw incredible growth this quarter in terms of profits, Q2FY22. In the second quarter, the steelmaker saw its revenue grow by ~62% YoY and ~13% QoQ. The revenue growth eventually resulted in a whopping ~660% growth over a year. In the current quarter, Q2FY22, the company scored a net profit […] Written by Maarg Vaidya November 16, 2021November 16, 2021
