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 Adani Ports Gets Approval to Acquire 10.4% Stake in Gangavaram Port – Top Indian Market News Adani Ports gets approval to acquire 10.4% stake in Gangavaram Port Adani Ports and Special Economic Zone Ltd (APSEZ) has received approval from the Andhra Pradesh government to acquire a 10.4% stake in Gangavaram Port. The consideration to be paid for the acquisition is Rs 644.78 crore. The transaction is expected to be completed within […] Written by Cherian Varghese August 25, 2021August 25, 2021
Market News Top 10 News HDFC Bank Reports 18% YoY Rise in Net Profit in Q4 – Top Indian Market News HDFC Bank Q4 Results: Net profit rises 18% YoY to Rs 8,186 crore HDFC Bank reported an 18.2% year-on-year (YoY) rise in standalone net profit to Rs 8,186.5 crore for the quarter ended March (Q4). On a quarterly basis, net profit has declined 6.5%. Net interest income (NII) increased by 12.6% YoY to Rs 17,120 […] Written by Cherian Varghese April 17, 2021April 17, 2021
Market News Top 10 News SC Rules in Favour of Tata Group, Sets Aside NCLAT Order – Top Indian Market News Supreme Court upholds Tata Sons’ decision to sack Cyrus Mistry as chairman The Supreme Court (SC) on Friday upheld the Tata Group’s decision to sack Cyrus Mistry as chairman of the group. A three-judge bench of SC, led by CJI Justice S A Bobde, set aside the National Company Law Appellate Tribunal (NCLAT) order that […] Written by Cherian Varghese March 26, 2021March 26, 2021
Market News Top 10 News Barbeque Nation IPO Subscribed 1.33 Times on Day 1 – Top Indian Market News Barbeque Nation IPO subscribed 1.33 times on first day of bidding The Rs 452.87-crore initial public offering (IPO) of Barbeque Nation Hospitality Limited was subscribed 1.33 times on the first day of bidding. The IPO has received bids for 66.46 lakh equity shares against an offer size of 49.99 lakh shares. The portion reserved for […] Written by Cherian Varghese March 24, 2021March 24, 2021
Market News Top 10 News Prestige Estates Sells Assets Worth Rs 7,467 crore to Blackstone Group – Top Indian Market News Prestige Estates sells assets worth Rs 7,467 crore to Blackstone Group Prestige Estate Properties Ltd has sold assets worth Rs 7,467 crore to investment firm Blackstone Group as part of the first phase of a Rs 9,160 crore deal. Phase-1 of the transaction included the sale of 12 assets comprising of completed retail, office, and […] Written by Cherian Varghese March 11, 2021March 11, 2021
Market News Top 10 News Adani Ports to Develop West Container Terminal at Colombo Port – Top Indian Market News Adani Ports to develop West Container Terminal at Colombo Port Adani Ports and Special Economic Zone Ltd (APSEZ) will develop the West Container Terminal (WCT) at Colombo Port. The Sri Lankan cabinet, on Tuesday, approved the plan through a tripartite understanding with India and Japan. WCT will have a 1,400-metre quay wall, terminal area of […] Written by Cherian Varghese March 2, 2021March 2, 2021
Editorial The Real Estate Boom in India. Who Will Benefit? With the removal of lockdown restrictions, the real estate sector has been witnessing a strong sales growth. Developers feel that India's present economic conditions are highly favourable for them. In this article, find out what the 'real estate cycle' is all about. Also, read more about the listed companies that could beneift in the current scenario. Written by Cherian Varghese January 28, 2021January 28, 2021
TATA Takes Back Air India. What’s Next? On October 8, Puhin Kent Pandey, Secretary of the Department of Investment and Public Asset Management (DIPAM) announced that Tata Sons had won the bid for debt-laden Air India. The news has taken the aviation industry by storm. The airline has returned to the Tata Group after 68 years! In this editorial, we dive into […] Written by Anand P M October 11, 2021October 11, 2021
Analysing a $13 Billion Business Empire: JSW Group Since its inception around 39 years ago, the JSW Group has become one of the most respectable and fastest-growing conglomerates in the world. The $13 billion (~Rs 97.250 crore) business empire operates one of the leading steel companies in India. It even owns some of our favourite sports teams. In today’s article, learn more about […] Written by Cherian Varghese October 8, 2021October 8, 2021
OYO Rooms Files For IPO: Pre-IPO Review Oravel Stays Limited, popularly known as OYO Rooms, has filed its Draft Red Herring Prospectus (DHRP) with the Securities and Exchange Board of India (SEBI). The papers filed by OYO are not final and give only insight into its intention, business model, and the challenges it faces before the IPO. The loss-making company with a […] Written by Maarg Vaidya October 7, 2021October 7, 2021
