Market News Top 10 News Tech Mahindra Reports 26% YoY Rise in Net Profit in Q2 – Top Indian Market News Tech Mahindra Q2 Results: Net profit rises 26% YoY to Rs 1,339 crore Tech Mahindra reported a 25.8% year-on-year (YoY) increase in consolidated net profit to Rs 1,338.7 crore for the quarter ended September (Q2 FY22). Net profit fell 1.07% compared to the previous quarter. Its revenue from operations rose 16.1% YoY (or 6.7% QoQ) […] Written by Cherian Varghese October 25, 2021October 25, 2021
Market News Top 10 News India’s GDP Grows 20.1% in Q1 – Top Indian Market News India records GDP growth at 20.1% in Q1 India’s gross domestic product (GDP) for the April-June quarter (Q1 FY22) grew 20.1% as per the provisional estimates released by the Ministry of Statistics and Programme Implementation (MoSPI). The sharp rise in Q1 GDP data can be mainly attributed to a low base last year. The economy […] Written by Cherian Varghese August 31, 2021August 31, 2021
Market News Top 10 News Maruti Suzuki Reports 62% QoQ Fall in Net Profit in Q1 – Top Indian Market News Maruti Suzuki Q1 Results: Net profit at Rs 441 crore Maruti Suzuki India Ltd reported a standalone net profit of Rs 440.8 crore for the quarter ended June (Q1 FY22). Net profit has declined by 62% when compared to the previous quarter. It had posted a net loss of Rs 249 crore in the corresponding […] Written by Cherian Varghese July 28, 2021July 28, 2021
Market News Top 10 News RBI Governor Announces Measures to Battle Second Wave Impact – Top Indian Market News RBI Governor announces relief measures to battle second wave impact Reserve Bank of India (RBI) Governor Shaktikanta Das announced a set of relief measures to help stakeholders battle the impact of the second wave of Covid-19 infections in the country. The RBI has opened an on-tap liquidity window of Rs 50,000 crore to ramp up […] Written by Cherian Varghese May 5, 2021May 5, 2021
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
The Fed Minutes: Explained Minutes of the US Federal Reserve’s December policy meeting were released last week. It outlines the central bank’s plans to speed up measures to keep inflation in check. The US markets fell heavily following the developments as investors are concerned about the aggressive stance of the Fed. The Indian markets declined by up to ~1.5% […] Written by Cherian Varghese January 10, 2022January 10, 2022
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
