Market News Top 10 News Kalyan Jewellers’ Revenue Grows 60% in Q2 – Top Indian Market News Kalyan Jewellers’ revenue grows 60% in Q2 Kalyan Jewellers reported a 60% year-on-year (YoY) growth in revenue of its India operations during the quarter ended September (Q2 FY22). The company registered growth in the share of new customers in Q2, largely driven by a shift from the unorganised to the organised segment. The non-south markets […] Written by Cherian Varghese October 7, 2021October 7, 2021
Market News Top 10 News Bharti Airtel to Invest Rs 5,000 crore in Data Centre Business – Top Indian Market News Bharti Airtel to invest Rs 5,000 crore to triple data centre capacity by 2025 Bharti Airtel will invest Rs 5,000 crore over the next 3-4 years to scale up its data centre capacity in India to meet the surging demand from domestic and global customers. The telecom company has unveiled a refreshed brand identity— ‘Nxtra […] Written by Cherian Varghese September 30, 2021September 30, 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
Market News Top 10 News Vodafone Idea’s Net Loss Widens to Rs 7,319 crore in Q1 – Top Indian Market News Vodafone Idea Q1 Results: Net loss at Rs 7,319 crore Vodafone Idea Ltd (Vi) reported a net loss of Rs 7319.1 crore for the quarter ended June (Q1 FY22). It had posted a net loss of Rs 7,022.8 crore in the previous quarter (Q4 FY21). The telecom operator’s revenue fell 4.7% QoQ (or 14% YoY) […] Written by Cherian Varghese August 14, 2021August 14, 2021
Market News Top 10 News Tata Motors to Invest Rs 28,900 crore in JLR, Domestic Biz in FY22 – Top Indian Market News Tata Motors to invest Rs 28,900 crore in JLR, domestic business in FY22 Tata Motors has announced plans to invest Rs 28,900 crore mostly for its British arm Jaguar Land Rover (JLR) and domestic business in the current financial year (FY22). The company is also looking to raise capital separately for its electric vehicle (EV) […] Written by Cherian Varghese July 31, 2021July 31, 2021
Market News Top 10 News Mindtree Reports 61% YoY Rise in Net Profit in Q1 – Top Indian Market News Mindtree Q1 Results: Net profit rises 61% YoY to Rs 343 crore Mindtree Limited reported a 61% YoY increase in net profit to Rs 343.3 crore for the quarter ended June (Q1 FY22). Net profit has increased by 8.2% when compared to the previous quarter. Its revenue from operations rose 20% YoY (or 8.6% QoQ) […] Written by Cherian Varghese July 13, 2021July 13, 2021
Market News Top 10 News HDFC Bank to Acquire 4.99% Stake in HDFC ERGO – Top Indian Market News HDFC Bank to acquire 4.99% stake in HDFC ERGO HDFC Bank Ltd will acquire a 4.99% stake (or 3.56 crore shares) in HDFC ERGO General Insurance Co. from its parent company Housing Development Finance Corp. Ltd (HDFC). The Board of Directors of HDFC Limited has approved the sale of these shares at Rs 536 per […] Written by Cherian Varghese June 19, 2021June 19, 2021
Market News Top 10 News Tata Consumer Reports Net Profit of Rs 133 crore in Q4 – Top Indian Market News Tata Consumer Q4 Results: Net profit at Rs 133.34 crore Tata Consumer Products Ltd reported a net profit of Rs 133.34 crore for the quarter ended March (Q4). It had posted a net loss of Rs 50 crore in the corresponding period last year (Q4 FY20). On a quarterly basis, net profit has declined by […] Written by Cherian Varghese May 6, 2021May 6, 2021
Market News Top 10 News Mindtree Reports 53% YoY Rise in Net Profit in Q4 – Top Indian Market News Mindtree Q4 Results: Net profit rises 53% YoY to Rs 317 crore Mindtree Limited reported a 53.4% year-on-year (YoY) increase in consolidated net profit to Rs 317.3 crore for the quarter ended March (Q4). On a quarterly basis, net profit has declined by 2.9%. The IT firm’s revenue from operations rose 3% YoY to Rs […] Written by Cherian Varghese April 16, 2021April 16, 2021
Market News Top 10 News Centre, States Must Talk to Lower Fuel Prices, says Union Finance Minister – Top Indian Market News Centre, states must talk to lower fuel prices: Union Finance Minister Union Finance Minister Nirmala Sitharaman has called for the Centre and state governments to have “a talk to bring down the retail fuel price at a reasonable level for consumers”. She stated that the fuel rates are worked up by oil marketing companies (OMCs), […] Written by Cherian Varghese February 20, 2021February 20, 2021
Market News Top 10 News Retail Inflation Eases to 4.06% in January; Industry Output Grows 1% in December – Top Indian Market News Retail inflation eases to 4.06% in January; industry output grows 1% in December India’s retail inflation, calculated by the Consumer Price Index (CPI), eased to 4.06% in January 2021, primarily due to a decline in vegetable prices. The CPI stood at 4.59% in December 2020 and 7.6% in January 2020. Meanwhile, the Index of Industrial […] Written by Cherian Varghese February 12, 2021February 12, 2021
Market News Top 10 News Godrej Consumer’s Q3 Profit Rises 12% YoY to Rs 502 crore – Top Indian Market News Godrej Consumer Q3 Results: Net profit rises 12% YoY to Rs 502 crore Godrej Consumer Products reported a 12.77% YoY increase in consolidated net profit to Rs 502.08 crore for the quarter ended December (Q3). Its revenue from operations rose 9.98% YoY to Rs 2,778.05 crore during the same period. The company’s Household Insecticides, Hygiene, […] Written by Cherian Varghese February 8, 2021February 8, 2021
Why is NIFTY Falling Heavily? What is Next? The Indian stock market has been extremely volatile over the past month. Sentiments in the market have been bearish, with NIFTY falling more than 400 points a day twice in November. After reaching an all-time high of 18,604.45 in mid-October, NIFTY50 has corrected nearly 8-9% so far. NIFTY fell by 2.9% to 17,026 levels today, […] Written by Cherian Varghese November 26, 2021November 26, 2021
The Failed Carlyle-PNB Deal: Explained In early 2021, Punjab National Bank Housing Finance announced plans to raise Rs 4,000 crore through the allotment of preferential shares and convertible bonds. PNB Housing Finance would alot these shares to private equity firm Carlyle Group-led investment vehicles, Aditya Puri’s family investment arm, and a bunch of other shareholders. However, SES, a proxy advisory […] Written by Maarg Vaidya November 25, 2021November 25, 2021
Reliance vs Adani Group: Spearheading India’s Green Energy Revolution At the recent United Nations Climate Change Conference at Glasgow (COP26), India pledged to achieve net-zero carbon emissions by 2070. The Centre has committed to installing a non-fossil fuel electricity generation capacity of 500 gigawatts (GW) and sourcing 50% of India’s energy requirement from renewable sources by 2030. The government also aims to reduce 1 […] Written by Cherian Varghese November 24, 2021November 24, 2021
