Editorial Varun Beverages: Q2 2021 Result Analysis Varun Beverages is the company that bottles drinks on behalf of PEPSICO. Drinks like Pepsi, Tropicana, Mountain Dew, 7Up, Lipton Ice Tea, Aquafina, or Gatorade are names we have all heard. Varun Beverages has come out with a stellar performance for the April-June quarter of 2021, right after the second wave of COVID-19 retracted. [The […] Written by Maarg Vaidya August 13, 2021August 13, 2021
Market News Top 10 News TCS Q3 Net Profit Rises 7% YoY – Top Indian Market News TCS Q3 Results: Net profit rises 7% YoY to Rs 8,701 crore Tata Consultancy Services (TCS) reported a 7.18% YoY increase in net profit to Rs 8,701 crore for the quarter ended December (Q3). The IT major had posted a profit of Rs 8,118 crore in Q3 of the previous financial year. Its revenue rose […] Written by Cherian Varghese January 8, 2021January 8, 2021
Market News Top 10 News Tata Steel’s Net Profit Falls 60% YoY – Top Indian Market News Tata Steel Q2 Results: Net Profit falls 60% YoY to Rs 1,635 crore Tata Steel Ltd. reported a 60% year-on-year (YoY) decline in consolidated net profit to Rs 1,635 crore, for the quarter ended September (Q2). The company’s revenue increased by 7% YoY to Rs 37,154 crore, during the same period. Tata Steel has stated […] Written by Cherian Varghese November 13, 2020November 17, 2020
Market News Top 10 News Finance Ministry Announces New Stimulus Package – Top Indian Market News Finance Ministry unveils 12 new stimulus measures through Atmanirbhar Bharat 3.0 The Finance Ministry has announced a series of new measures to provide a further boost to India’s Covid-hit economy. The size of the stimulus package has been estimated at Rs 2.65 lakh crore. The Atmanirbhar Bharat 3.0 has focussed on sectors such as real […] Written by Cherian Varghese November 12, 2020November 12, 2020
Market News Top 10 News Cabinet Approves PLI Scheme Worth Rs 2 lakh crore for 10 Sectors – Top Indian Market News Cabinet approves PLI scheme worth Rs 2 lakh crore for 10 sectors The Union Cabinet has approved Production Linked Incentive (PLI) scheme worth up to Rs 2 lakh crore for 10 key sectors, for the next 5 years. The scheme will provide a boost to India’s manufacturing capabilities and improve exports. The sectors that will […] Written by Cherian Varghese November 11, 2020November 11, 2020
Market News Top 10 News Tata Power Reports 10% YoY Rise in Net Profit – Top Indian Market News Tata Power Q2 Results: Net Profit rises 10% YoY to Rs 371 crore Tata Power Ltd. reported a 10% year-on-year (YoY) increase in consolidated net profit to Rs 370.9 crore, for the quarter ended September (Q2). The company’s consolidated revenue increased by 15% YoY to Rs 8,413 crore, during the same period. Tata Power has […] Written by Cherian Varghese November 10, 2020November 10, 2020
Market News Top 10 News Pfizer’s Covid-19 Vaccine 90% Effective in Phase 3 – Top Indian Market News Covid-19 vaccine 90% effective in Phase-3 trial: Pfizer Pfizer, the US-based pharmaceutical firm, has stated that its vaccine was 90% effective in preventing Covid-19 infections in ongoing Phase-3 trials. The vaccine candidate is jointly developed by Pfizer and BioNTech. Pfizer has also stated that it expects to supply up to 50 million vaccine doses globally […] Written by Cherian Varghese November 9, 2020November 9, 2020
Market News Top 10 News Biocon Biologics Receives Rs 1,125 crore Capital Investment from Goldman Sachs – Top Indian Market News Biocon Biologics receives Rs 1,125 crore capital investment from Goldman Sachs Biocon Ltd. announced that its subsidiary, Biocon Biologics, has approved a capital injection of Rs 1,125 crore from Goldman Sachs. As per the agreement, Goldman Sachs will be issued Optionally Convertible Debentures at a post-money equity valuation of $3.94 billion (~Rs 26,633 crore). The […] Written by Cherian Varghese November 7, 2020November 7, 2020
Market News Top 10 News Tata Consumer’s Net Profit Rises 31% YoY – Top Indian Market News Tata Consumer Q2 Results: Net Profit rises 31% YoY to Rs 273 crore Tata Consumer Products Ltd reported a 31.4% year-on-year (YoY) increase in net profit to Rs 273.18 crore, for the quarter ended September (Q2). The company’s revenue increased by 18.5% YoY to Rs 2,781.34 crore, during the same period. The FMCG firm has […] Written by Cherian Varghese November 6, 2020November 6, 2020
Market News Top 10 News RBI Announces Co-Lending Scheme for Banks, NBFCs – Top Indian Market News RBI announces co-lending scheme for banks, NBFCs The Reserve Bank of India has announced a Co-Lending Model (CLM) scheme for banks and non-banking finance companies (NBFCs). Under this scheme, banks can provide loans along with NBFCs to priority sector borrowers, through a prior agreement. A specified portion of loans will be provided to specific sectors […] Written by Cherian Varghese November 5, 2020November 5, 2020
Market News Top 10 News SBI Reports 52% YoY Jump in Net Profit – Top Indian Market News SBI Q2 Results: Net Profit jumps 52% YoY to Rs 4,574 crore State Bank of India (SBI) reported a 51.9% year-on-year (YoY) increase in net profit to Rs 4,574.16 crore, for the quarter ended September (Q2). The bank’s net interest income (NII) increased by 14.56% YoY to Rs 28,181.5 crore, during the same period. The […] Written by Cherian Varghese November 4, 2020November 4, 2020
Market News Top 10 News Centre to Transfer Rs 6,000 crore as GST Compensation to 16 States – Top Indian Market News Centre to transfer Rs 6,000 crore as GST compensation to 16 states The Central Government will release Rs 6,000 crore to 16 states and 3 union territories on Monday. This amount will be the second round of back-to-back loans given to states/UTs to meet the shortfall in Goods and Services Tax (GST) collections. There was […] Written by Cherian Varghese November 2, 2020November 2, 2020
Can IDFC First Bank Bounce Back from its Troubles? IDFC or Infrastructure Development Finance Company and its subsidiary IDFC First Bank (formed in October 2015) have been under fire over the past few months. The IDFC Management has organized an informal conference call on September 14 to address concerns from investors. The management was bombarded with questions about their poor loan book, unsatisfactory financial […] Written by Maarg Vaidya September 17, 2021September 17, 2021
What Led to the 40% Rally in ZEEL? The shares of India’s largest media house, Zee Entertainment Enterprises Ltd (ZEEL), surged 40% to hit Rs 261.55 on Tuesday. It was a stellar intraday rally. The shares of its group companies such as Zee Media (+5%) and Zee Learn (+20%) were also locked in their respective upper circuit limits on Tuesday. Unfortunately, ZEEL has […] Written by Cherian Varghese September 16, 2021September 16, 2021
India’s Richest Investor: Radhakishan Damani The Indian stock market is passing through a golden era. It has molded sharp, disciplined, and inspiring investors over the years. Radhakishan Damani is one such individual who has taught us the beauty of value investing. He has applied analytical skills to build India’s largest retail supermarket chain, DMart. From living at a one-bedroom apartment […] Written by Anand P M September 15, 2021September 16, 2021
