Market News Top 10 News RBI Hikes Key Lending Rate to 4.4% – Top Indian Market News RBI hikes key lending rate to 4.4% The Reserve Bank of India (RBI) has raised its key lending rate (repo rate) by 40 basis points (bps) to 4.40% with immediate effect. RBI Governor Shaktikanta Das said the decision was taken in view of rising inflation, geopolitical tensions, and high crude oil prices, which have impacted […] Written by marketfeed Team May 4, 2022May 4, 2022
Market News Top 10 News Axis Bank Acquires Citi India’s Retail Assets for $1.6B – Top Indian Market News Axis Bank acquires Citi India’s retail assets for $1.6 billion Axis Bank has acquired Citi India’s retail assets, valuing the business at nearly $2 billion (~Rs 15,164 crore). The private sector bank will pay a cash consideration of $1.6 billion to Citi for the acquisition of the consumer business. The transaction comprises the sale of […] Written by marketfeed Team March 30, 2022April 21, 2022
Market News Top 10 News UPL Approves Rs 1,100 crore Share Buyback Plan – Top Indian Market News UPL approves Rs 1,100 crore share buyback plan The Board of Directors of UPL Limited has approved a proposal to buy back equity shares worth Rs 1,100 crore. The company will buy back 1.26 crore equity shares (or 1.65% of the total paid-up capital) at Rs 875 per share through the open market. The maximum […] Written by marketfeed Team March 2, 2022April 21, 2022
Market News Top 10 News RIL Reports 43% YoY Rise in Net Profit in Q2 – Top Indian Market News Reliance Industries Q2 Results: Net profit rises 43% YoY to Rs 13,680 crore Reliance Industries Ltd (RIL) reported a 43% YoY increase in net profit to Rs 13,680 crore for the quarter ended September (Q2 FY22). Net profit increased by 11% compared to the previous quarter. Its revenue from operations rose 49% YoY (or 21% […] Written by marketfeed Team October 22, 2021April 21, 2022
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 marketfeed Team September 15, 2021April 21, 2022
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 marketfeed Team August 3, 2021April 21, 2022
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 marketfeed Team June 25, 2021April 21, 2022
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 marketfeed Team June 4, 2021April 21, 2022
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 marketfeed Team May 6, 2021April 21, 2022
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 marketfeed Team April 24, 2021April 21, 2022
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 marketfeed Team February 2, 2021April 21, 2022
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 marketfeed Team January 12, 2021April 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
