Market News Top 10 News India’s Services PMI Hits 11-Year High in June – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: India’s services PMI hits 11-year high in June Services activity in India expanded at the fastest pace in 11 years in June 2022. The S&P Global India Services Purchasing Managers’ Index (PMI) stood at 59.2 in June, compared to 58.9 in May. […] Written by Cherian Varghese July 5, 2022July 5, 2022
Editorial 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
Market News Top 10 News Retail Inflation Spikes to 7.79% in April – Top Indian Market News Retail inflation spikes to 7.79% in April India’s retail inflation, measured by the Consumer Price Index (CPI), surged to an eight-year high of 7.79% in April. Retail inflation stood at 6.95% in March. This is the fourth consecutive month that CPI data has breached the Reserve Bank of India’s (RBI) upper margin of 6%. Inflation […] Written by marketfeed Team May 12, 2022May 12, 2022
Market News Top 10 News SBI Cards Partners With Paytm to Tokenise Cards – Top Indian Market News SBI Cards partners with Paytm to tokenise cards SBI Cards & Payment Services Ltd has partnered with One97 Communications to enable cardholders to tokenise their cards on devices and make payments through Paytm. Tokenisation refers to masking the original card number by replacing it with a set of unique characters (termed as tokens) that secure […] Written by marketfeed Team December 30, 2021April 21, 2022
Editorial What Led to the 23% Fall in RBL Bank? Investors of RBL Bank faced a tough day in the markets on Monday as shares fell up to 23% intraday. Shareholders were left confused by a series of developments that took place over the weekend. In this article, we dive into the events that transpired and what lies ahead for the bank. The Story During […] Written by marketfeed Team December 28, 2021April 21, 2022
Market News Top 10 News Oil India to Set Up Green Hydrogen Plant in Assam – Top Indian Market News Oil India to set up green hydrogen plant in Assam Oil India Ltd (OIL) has announced plans to set up a plant to manufacture green hydrogen at its Jorhat oilfield in Assam. The hydrogen generated from the plant will be blended with natural gas using existing infrastructure. Hydrogen, being the cleanest form of energy, is […] Written by marketfeed Team December 27, 2021April 21, 2022
Market News Top 10 News RBI Authorises RBL Bank to Collect Direct Taxes – Top Indian Market News RBI authorises RBL Bank to collect direct taxes The Reserve Bank of India (RBI) has authorised RBL Bank to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT). The decision was based on the recommendation from the Controller General of Accounts and the Ministry of Finance. After technical integration, RBL Bank’s […] Written by marketfeed Team November 18, 2021April 21, 2022
Market News Top 10 News Cadila Health Reports 29% YoY Rise in Net Profit in Q1 – Top Indian Market News Cadila Healthcare Q1 Results: Net profit rises 29% YoY to Rs 587 crore Cadila Healthcare Ltd reported a 29.34% YoY increase in consolidated net profit to Rs 587.2 crore for the quarter ended June (Q1 FY22). Net profit declined by 13.5% when compared to the previous quarter. Its revenue from operations rose 14.5% YoY to […] Written by marketfeed Team August 11, 2021April 21, 2022
Market News Top 10 News Wipro Reports 36% YoY Rise in Net Profit in Q1 – Top Indian Market News Wipro Q1 Results: Net profit rises 36% YoY to Rs 3,243 crore Wipro Limited reported a 36.65% year-on-year (YoY) increase in consolidated net profit to Rs 3,242.6 crore for the quarter ended June (Q1 FY22). Net profit has increased by 9.09% when compared to the previous quarter. The IT company’s revenue from operations rose 22.4% […] Written by marketfeed Team July 15, 2021April 21, 2022
Market News Top 10 News Adani Ports’ Net Profit Jumps 285% YoY in Q4 – Top Indian Market News Adani Ports Q4 Results: Net profit jumps 285% YoY to Rs 1,288 crore Adani Ports & Special Economic Zone Ltd (APSEZ) reported a 285% year-on-year (YoY) jump in net profit to Rs 1,288 crore for the quarter ended March (Q4). Its revenue rose 24% YoY to Rs 3,608 crore during the same period. Total cargo […] Written by marketfeed Team May 4, 2021April 21, 2022
Market News Top 10 News WPI Inflation Rises to 8-Year High of 7.39% in March – Top Indian Market News WPI Inflation rises to 8-year high of 7.39% in March According to data released by the Ministry of Commerce & Industry, wholesale inflation in India rose to an 8-year high of 7.39% in March. The Wholesale Price Index (WPI) stood at 4.17% in February and 2.51% in January. The prices of crude oil, petroleum products, […] Written by marketfeed Team April 15, 2021April 21, 2022
Market News Top 10 News Tata Power to Develop 60 MW Solar Project in Gujarat – Top Indian Market News Tata Power receives order to develop 60 MW solar project in Gujarat Tata Power Limited has secured an order to develop a 60 megawatt (MW) solar project for Gujarat Urja Vikas Nigam Ltd (GUVNL). The energy will be supplied to GUVNL under a power purchase agreement (PPA), which is valid for 25 years from the […] Written by marketfeed Team March 30, 2021April 21, 2022
Buy Now Pay Later: A Tough Rival for Credit Card Companies? What do you do when you want to purchase something outside your financial limit or face a sudden money crunch? Decades ago, people used to run to a nearby moneylender who charge high-interest rates. But things are much simpler now! Credit cards allow you to borrow money for almost a month at zero interest rates. […] Written by Anand P M June 6, 2022June 6, 2022
Zomato Q4 Results: How Has The Food and Delivery Platform Fared? Zomato got listed in July 2021. The food delivery platform’s share price has tanked by nearly ~42% since then. Amidst tough economic conditions, the company is trying to expand into the B2B segment with Hyperpure, growing breakneck, and keeping up with peers like Swiggy, Zepto, and Dunzo. Zomato had recently announced its Q4 results for […] Written by Maarg Vaidya May 31, 2022May 31, 2022
Major IT Stocks are Falling! Find Out Why! The stock markets have not been kind to investors over the past few months. Foreign institutional investors (FIIs) have pulled out nearly Rs 1.65 lakh crore so far from the Indian equity markets this year. Major IT stocks (mostly considered defensive stocks historically) have been under heavy selling pressure. The NIFTY IT Index has fallen […] Written by Cherian Varghese May 26, 2022May 26, 2022
