Market News Top 10 News Adani Ports Reports 72% YoY Rise in Net Profit in Q1 – Top Indian Market News Adani Ports Q1 Results: Net profit rises 72% YoY to Rs 1,307 crore Adani Ports & Special Economic Zone (APSEZ) reported a 72% YoY increase in consolidated net profit to Rs 1,307 crore for the quarter ended June (Q1 FY22). Net profit has increased by 1.5% when compared to the previous quarter. Its revenue from […] Written by Cherian Varghese August 3, 2021August 3, 2021
Market News Top 10 News PharmEasy to Acquire 66% Stake in Thyrocare – Top Indian Market News PharmEasy to acquire 66% stake in Thyrocare for Rs 4,546 crore PharmEasy, an Indian healthcare startup, will acquire a 66.1% stake in diagnostics solutions provider Thyrocare Technologies Ltd for Rs 4,546 crore. API Holdings Ltd, the parent company of PharmEasy, has signed definitive agreements to acquire a 66.1% stake at Rs 1,300 per share from […] Written by Cherian Varghese June 25, 2021June 25, 2021
Market News Top 10 News RBI Keeps Policy Rates Unchanged; Cuts FY22 GDP Forecast to 9.5% – Top Indian Market News RBI keeps policy rates unchanged, cuts FY22 GDP growth to 9.5% The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 4%. The reverse repo rate will also remain unchanged at 3.35%. The central bank will maintain its ‘accommodative’ stance as long as necessary […] Written by Cherian Varghese June 4, 2021June 4, 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 ICICI Bank Reports 260% YoY Jump in Net Profit in Q4 – Top Indian Market News ICICI Bank Q4 Results: Net profit rises 260% YoY to Rs 4,402 crore ICICI Bank reported a 260% year-on-year (YoY) jump in net profit to Rs 4,402.6 crore for the quarter ended March (Q4). Net interest income (NII) rose 16.8% YoY to Rs 10,431 crore during the same period. The bank’s gross non-performing assets (NPA) […] Written by Cherian Varghese April 24, 2021April 24, 2021
Market News Top 10 News Tata Consumer Q3 Profit Rises 29% YoY to Rs 218 crore – Top Indian Market News Tata Consumer Q3 Results: Net profit rises 29% YoY to Rs 218 crore Tata Consumer Products Ltd (TCPL) reported a 29% YoY increase in consolidated net profit to Rs 218.2 crore for the quarter ended December (Q3). Its revenue from operations rose 23% YoY to Rs 3,069.6 crore during the same period. The rise in […] Written by Cherian Varghese February 2, 2021February 2, 2021
Editorial TCS Q3 Results Analysis India’s largest IT company, Tata Consultancy Services (TCS), reported better-than-expected results for the quarter ended December 2020 (Q3). In fact, it was the firms’ strongest third-quarter result in nine years. Despite the negative effects of the Covid-19 pandemic, TCS has been able to comfortably secure its market share in the IT industry. Let us dive […] Written by Cherian Varghese January 12, 2021January 14, 2021
Market News Top 10 News SpiceJet Plane Undershoots Runway in Guwahati – Top Indian Market News SpiceJet plane undershoots runway in Guwahati; DGCA grounds 2 pilots A SpiceJet plane undershot the runway while landing at the Guwahati airport on Friday. The Directorate General of Civil Aviation (DGC) has grounded the two pilots who were operating the Bengaluru-Guwahati flight. Officials stated that none of the passengers was hurt in the incident. The […] Written by Cherian Varghese December 5, 2020December 5, 2020
Editorial Tata Consumer Products – A Detailed Analysis As you might have noticed, the Tata Group is focusing its efforts to completely restructure its retail segment. They are introducing the Super App, which will be a one-stop online destination for all its brands. There are also reports stating that the Group is planning to acquire a majority stake in the e-commerce platform- BigBasket. […] Written by Cherian Varghese November 20, 2020November 20, 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
Editorial Can Tata Group be the King of Indian Retail? The retail sector in our country is filled with a lot of companies that compete with each other to reach the top. And at a time when global players like Amazon and Walmart are competing for customers in India, it is no surprise that India’s biggest business houses would want to get into the scene […] Written by Cherian Varghese October 21, 2020October 24, 2020
China’s Attack on Edtech Companies: Explained As part of their continued crackdown on tech companies, the Chinese government has asked after-school tutoring institutions in the education technology (ed-tech) sector to convert into not-for-profit entities. Ed-tech companies would also be barred from raising funds, launching a public issue (IPO), or acquiring other educational services. This has led to a massive sell-off of […] Written by Cherian Varghese July 29, 2021July 29, 2021
Rolex Rings IPO: All You Need To Know It’s raining IPOs once more! Rolex Rings Limited has decided to get listed. Its IPO begins today on July 28 and ends on July 30. Rolex Rings makes bearing rings and automotive components that are used in all sorts of vehicles as well as other industrial processes. The company has big names like Ford and […] Written by Maarg Vaidya July 28, 2021July 28, 2021
Glenmark Life Sciences IPO: All You Need to Know The IPO frenzy continues! Glenmark Life Sciences has launched its three-day IPO today— July 27. It is a subsidiary of Glenmark Pharma, one of the leading Indian pharmaceutical companies. In this article, we take a closer look into the company and its IPO. Company Profile – Glenmark Life Sciences Ltd Glenmark Life Sciences Ltd (GLSL) […] Written by Cherian Varghese July 27, 2021July 27, 2021
