Market News Top 10 News WPI Inflation Hits Five-Month High of 12.54% in October – Top Indian Market News WPI inflation hits five-month high of 12.54% in October India’s wholesale inflation accelerated to a five-month high at 12.54% in October 2021. The wholesale price index (WPI) grew 10.66% in September and 1.31% in October 2020. The high rate of inflation is primarily due to the rise in prices of mineral oils, basic metals, food […] Written by Cherian Varghese November 15, 2021November 15, 2021
Market News Top 10 News JSW Steel’s Crude Steel Production Rises 29% YoY in Q2 – Top Indian Market News JSW Steel reports 29% YoY rise in crude steel production in Q2 JSW Steel Ltd reported a 29% YoY increase in crude steel production at 5.07 million tonnes (MT) for the quarter ended Sept (Q2 FY22). The capacity utilisation at the standalone level was at 91% during the quarter. For the six months ending September […] Written by Cherian Varghese October 11, 2021October 11, 2021
Market News Top 10 News Finance Ministry Announces Rs 6.28 lakh crore Stimulus Package – Top Indian Market News Finance Ministry announces relief measures for sectors impacted by Covid-19 Union Finance Minister Nirmala Sitharaman has announced a Rs 6.28 lakh crore stimulus package to boost Covid-affected sectors. An amount of Rs 23,220 crore will be set aside for the expansion of medical infrastructure for one year. Once issuance resumes, five lakh tourist visas will […] Written by Cherian Varghese June 28, 2021June 28, 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 Services PMI Rises to 55.3 in February – Top Indian Market News India’s services PMI rises to 55.3 in February India’s services activity expanded at the fastest rate in a year in February. This was driven by an extended robust recovery in domestic demand. However, employment had fallen further and overall input costs increased last month. The IHS Markit Purchasing Managers’ Index (PMI) for services stood at […] Written by Cherian Varghese March 3, 2021March 3, 2021
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
Why are FMCG Distributors on Strike? FMCG distributors in Maharashtra have called for a boycott of Hindustan Unilever Ltd’s products. They have also warned Colgate Palmolive India Ltd of taking strict action after the company failed to respond to their concerns. If the demands proposed by traditional FMCG distributors are not addressed, it could get difficult to buy essential products at […] Written by Cherian Varghese January 4, 2022January 4, 2022
What is Mukesh Ambani’s Succession Plan for Reliance? Mukesh Ambani has played a pivotal role in Reliance Industries Ltd’s (RIL) multi-fold and aspirational growth into India’s largest conglomerate. His company has established a dominant presence in key sectors, making it a vital entity for the development of our country. In recent years, their fortune and influence have flourished to new heights. The business […] Written by Cherian Varghese January 3, 2022January 3, 2022
