Market News Top 10 News Cabinet Approves Relief Package for Telecom Sector – Top Indian Market News Cabinet approves 4-year moratorium on AGR dues, 100% FDI in telecom sector The Union Cabinet has approved a four-year moratorium on payment of spectrum dues by telecom companies. The government has also decided to allow 100% foreign direct investment (FDI) in the telecom sector. The Centre has decided to rationalise the definition of Adjusted Gross […] Written by Cherian Varghese September 15, 2021September 15, 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 Tata Steel Commissions First Steel Recycling Unit in Rohtak – Top Indian Market News Tata Steel commissions first steel recycling unit in Rohtak Tata Steel Ltd has commissioned a 0.5 million tonnes per annum (MTPA) steel recycling plant at Rohtak, Haryana. The plant has been set up in collaboration with Aarti Green Tec as a Build, Own, and Operate (BOO) partner. The first-of-a-kind facility is equipped with modern and […] Written by Cherian Varghese August 18, 2021August 18, 2021
Market News Top 10 News MRF Reports 12-fold Jump in Net Profit in Q1 – Top Indian Market News MRF Q1 Results: Net profit rises 12-fold YoY to Rs 166 crore MRF Limited reported a 1,130% YoY jump in consolidated net profit to Rs 165.58 crore for the quarter ended June (Q1 FY22). However, net profit has declined by 50.15% when compared to the previous quarter. Its revenue from operations rose 70% YoY to […] Written by Cherian Varghese August 9, 2021August 9, 2021
Market News Top 10 News NCLT Approves Jet Airways Revival Plan – Top Indian Market News NCLT approves Kalrock-Jalan consortium resolution plan for Jet Airways The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by the Kalrock Capital and Murari Lal Jalan consortium. The Directorate General of Civil Aviation (DGCA) has been given 90 days to allot slots to the airline. The Kalrock-Jalan consortium […] Written by Cherian Varghese June 22, 2021June 22, 2021
Market News Top 10 News Tata Consumer Reports Net Profit of Rs 133 crore in Q4 – Top Indian Market News Tata Consumer Q4 Results: Net profit at Rs 133.34 crore Tata Consumer Products Ltd reported a net profit of Rs 133.34 crore for the quarter ended March (Q4). It had posted a net loss of Rs 50 crore in the corresponding period last year (Q4 FY20). On a quarterly basis, net profit has declined by […] Written by Cherian Varghese May 6, 2021May 6, 2021
Market News Top 10 News Indus Towers Reports 38% YoY Rise in Net Profit in Q4 – Top Indian Market News Indus Towers Q4 Results: Net profit rises 38% YoY to Rs 1,364 crore Indus Towers Limited reported a 38% year-on-year (YoY) increase in consolidated net profit to Rs 1,364 crore for the quarter ended March (Q4). Its revenue from operations rose 3% YoY to Rs 6,492 crore during the same period. The company added 3,715 […] Written by Cherian Varghese April 22, 2021April 22, 2021
Market News Top 10 News Bharti Airtel Adds 58.9 Lakh Subscribers in January – Top Indian Market News Bharti Airtel adds 58.9 lakh subscribers in January, Vi adds 17.1 lakh subscribers: TRAI Bharti Airtel added more wireless subscribers than market leader Reliance Jio for the sixth straight month in January. According to data released by telecom regulator TRAI, Bharti Airtel added 58.92 lakh subscribers, while Jio added 19.56 lakh subscribers in January 2021. […] Written by Cherian Varghese March 17, 2021March 17, 2021
Market News Top 10 News Tata Motors’ Shareholders Approve Hiving Off PV Business Into New Entity – Top Indian Market News Tata Motors’ shareholders approve hiving off PV business into new entity Tata Motors Limited announced that its shareholders have approved the separation of its passenger vehicle (PV) business into a new entity. On March 5, the shareholders of the company voted to consider and approve the transfer of the PV business unit to TML Business […] Written by Cherian Varghese March 8, 2021March 8, 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
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
Cholamandalam Muragappa Group Analysis India has witnessed the rise of numerous business conglomerates that have drastically fueled the growth of the country. From the houses of Tata, Godrej, and Birla to the new age Reliance and Adani Group, the list goes on. In today’s editorial, we shall analyse the 121 age-old business empire— the Murugappa group. Business Profile The […] Written by Anand P M October 6, 2021October 6, 2021
Will a Bad Bank Save India’s Banking Sector? The Central government has come up with a vital measure to tackle the looming bad loans crisis in India’s banking sector. They have established a bad bank to take over bad debts worth Rs 2 lakh crore from public sector banks. There has been a lot of hype regarding the institution lately. In today’s article, […] Written by Cherian Varghese October 5, 2021October 5, 2021
