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 marketfeed Team November 4, 2020April 21, 2022
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 marketfeed Team November 2, 2020April 21, 2022
Editorial Can Tata Motors Win in India? The Indian 4-wheeler industry is currently witnessing a steady recovery in sales. With lockdown restrictions being eased gradually, families across India are looking at the prospects of buying a car again. And the automobile companies are looking to seize this very opportunity with their amazing offers and discounts. And out of all these companies, analysts […] Written by marketfeed Team November 2, 2020April 21, 2022
Market News Top 10 News ICICI Bank Reports 6-fold Jump in Net Profit – Top Indian Market News ICICI Bank Q2 Results: Net Profit jumps 6-fold to Rs 4,251 crore ICICI Bank Ltd. reported a six-fold year-on-year (YoY) increase in net profit to Rs 4,251 crore, for the quarter ended September (Q2). The bank’s net interest income (NII) has increased by 16% YoY to Rs 9,366 crore, during the same period. Its provisions […] Written by marketfeed Team October 31, 2020April 21, 2022
Market News Top 10 News Reliance Industries Reports 15% YoY Decline in Net Profit – Top Indian Market News Reliance Industries Q2 Results: Net Profit at Rs 9,567 crore Reliance Industries Ltd. (RIL) has reported a 15% year-on-year (YoY) decline in net profit at Rs 9,567 crore, for the quarter ended September (Q2). The revenue from operations of RIL has declined by 24% YoY to Rs 1.16 lakh crore, during the same period. The […] Written by marketfeed Team October 30, 2020April 21, 2022
Editorial Editorial of the Day How Kotak Bank made a Profit Jump of 26.3% for Q2 FY21 Result Private sector lender Kotak Mahindra Bank Ltd, on Tuesday (26th October), came out with their results which defeated all the street estimates. They declared a 26.3% year-on-year (YoY) rise in standalone net profit for the September quarter 2021. Their Net Interest Income (NII) also gained 17% YoY for this quarter. These are spectacular numbers. The […] Written by marketfeed Team October 29, 2020April 21, 2022
Market News Top 10 News L&T reports 45% YoY decline in net profit – Top Indian Market News L&T reports 45% YoY decline in net profit Larsen & Toubro (L&T) reported a 44.73% year-on-year (YoY) decline in consolidated net profit at Rs 1,410.29 crore, for the quarter ended September (Q2). The company’s revenue from operations has declined by 12.15% YoY to Rs 31,034.74 crore, during the same period. L&T’s Board of Directors has […] Written by marketfeed Team October 28, 2020April 21, 2022
Market News Top 10 News Ambuja Cement reports 51% rise in net profit – Top Indian Market News Ambuja Cement reports 50.5% YoY rise in net profit Ambuja Cement Limited on Thursday reported a 50.5% year-on-year (YoY) increase in consolidated net profit at Rs 803.5 crore, for the July-September quarter. The increase in profit has been due to the company’s cost reduction programs, and increased volume growth. Ambuja Cement has also declared an […] Written by marketfeed Team October 22, 2020April 21, 2022
Market News Top 10 News Government working on next stimulus package – Top Indian Market News Government working on next stimulus package: Finance Ministry official Economic Affairs Secretary Tarun Bajaj, on Wednesday, stated that the Indian Government is working on the next stimulus package. The new stimulus would help to further support the Indian economy, amidst positive signs of a fall in Covid-19 cases. He also stated that the Union Cabinet […] Written by marketfeed Team October 21, 2020April 21, 2022
Market News Top 10 News Kalyan Jewellers gets approval from SEBI – Top Indian Market News Kalyan Jewellers gets approval from SEBI to conduct IPO Kalyan Jewellers India Ltd has received approval from market regulator SEBI to go ahead and raise Rs 1,750 crore through an initial public offering (IPO). The initial sale of shares consists of the issuance of fresh equity aggregating to Rs 1,000 crore, and an offer for […] Written by marketfeed Team October 19, 2020April 21, 2022
Market News Top 10 News IndusInd Bank fined Rs 4.5 crore – Top Indian Market News IndusInd Bank fined Rs 4.5 crore for non-compliance with RBI provisions RBI has imposed a penalty of Rs 4.5 crore on IndusInd Bank for non-compliance with certain provision norms. Through an inspection by RBI, it has been found that the bank has not adhered to exposure norms, and norms for Income Recognition, Asset Classification (IRAC). […] Written by marketfeed Team October 17, 2020April 21, 2022
An Analysis of India’s Green Hydrogen Industry India has announced plans to de-carbonize within the next 30 years. The government has taken strategic decisions to reduce the reliance on fossil fuels and cut down costly imports. Our country’s target of achieving 175 gigawatts (GW) of renewable energy capacity by 2022 has received a significant boost through new policies. As part of these […] Written by Cherian Varghese July 1, 2022July 2, 2022
Why RBL Bank’s Share Price is Down 60% this Year? RBL Bank’s share price has tanked by nearly 60% in a year and ~30% in the second week of June! The bank’s top-level management, financials, and asset quality are being questioned. In this piece, we figure out what led to the price crash and if India’s central bank could possibly recover RBL Bank’s damaged share […] Written by Maarg Vaidya June 28, 2022June 28, 2022
What’s Happening at Yes Bank? Scandal-ridden Yes Bank has been all over the news lately. It has initiated the process to form a new Board of Directors. The private sector bank seeks to exit from the reconstruction scheme devised for its rescue in 2020. It has reported a positive momentum in overall business and even claimed to regain the trust […] Written by Cherian Varghese June 14, 2022June 14, 2022
