Market News Top 10 News Axis Bank’s Net Profit Rises 91% YoY in Q1 – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Axis Bank Q1 Results: Net profit rises 91% YoY to Rs 4,125 crore Axis Bank reported a 91% YoY increase in net profit to Rs 4,125 crore for the quarter ended June (Q1 FY23). Its net interest income (NII) grew 21% YoY […] Written by Cherian Varghese July 25, 2022July 26, 2022
Market News Top Crypto News Wipro Reports 21% YoY Decline in Net Profit in Q1 – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Wipro Q1 Results: Net profit falls 21% YoY to Rs 2,563 crore Wipro Ltd reported a 20.9% YoY decline in net profit to Rs 2,563 crore for the quarter ended June (Q1 FY23). Its revenue from operations grew 17.9% YoY to Rs […] Written by Cherian Varghese July 20, 2022July 21, 2022
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
Market News Top 10 News PVR Plans to Open 125 Screens in FY23 – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: PVR plans to open 125 screens in FY23 PVR Limited expects the movie exhibition industry to bounce back “dynamically” in FY23 and plans to open around 125 screens during the year. The multiplex operator expects business to grow in the coming quarters, […] Written by Cherian Varghese June 29, 2022June 29, 2022
Market News Top 10 News Mukesh Ambani Resigns as Director of Reliance Jio – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Mukesh Ambani resigns as director of Reliance Jio Mukesh Ambani has resigned from the board of his group’s telecom arm, Reliance Jio Infocomm Ltd. He has handed over the reins of the company to his elder son Akash. In a stock exchange […] Written by Cherian Varghese June 28, 2022June 28, 2022
Market News Top 10 News Zomato to Acquire Blinkit for Rs 4,447 crore – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Zomato to acquire Blinkit for Rs 4,447 crore Zomato Ltd’s board has approved the acquisition of quick commerce company Blinkit for Rs 4,447 crore in an all-stock deal. The food delivery firm already holds a more than 9% stake in Blinkit. This […] Written by Cherian Varghese June 24, 2022June 24, 2022
Market News Top 10 News Vi Defers Rs 8,837 crore AGR Dues Payment – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Vodafone Idea defers Rs 8,837 crore AGR dues payment Vodafone Idea Ltd’s (VIL) board has decided to defer payment of additional adjusted gross revenues (AGR) of Rs 8,837 crore dues by four years. On June 15, the Department of Telecommunications (DoT) had […] Written by Cherian Varghese June 23, 2022June 23, 2022
Editorial What Will be the Impact of Export Duty on Steel? The Indian steel industry received a “major shock” last month! The Central government introduced a 15% export duty on steel intermediaries and products, effective May 22. For the uninitiated, export duty is a tax payable on goods leaving a country. Moreover, the government also slashed import duty on certain raw materials used in the steel-making […] Written by Cherian Varghese June 8, 2022June 8, 2022
Market News Top 10 News HDFC Bank Hikes Lending Rates by 35bps – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: HDFC Bank hikes lending rates by 0.35% HDFC Bank has raised its lending rate by 35 basis points (bps) across the board to over 7.5%. This will increase the interest rates on all personal loans by the banks that are dependent on […] Written by Cherian Varghese June 7, 2022June 8, 2022
Market News Top 10 News Titan’s Net Profit Falls 7% in Q4 – Top Indian Market News Titan Q4 Results: Net profit falls 7% YoY to Rs 491 crore Titan Company Ltd reported a 7.2% YoY decline in net profit to Rs 491 crore for the quarter ended March (Q4 FY22). Its revenue from operations fell 3.46% YoY to Rs 6,749 crore during the same period. Titan’s jewellery business posted a 4% […] Written by marketfeed Team May 3, 2022May 3, 2022
Market News Top 10 News TCS Posts 7% YoY Rise in Net Profit in Q4 – Top Indian Market News TCS Q4 Results: Net profit rises 7% YoY to Rs 9,926 crore Tata Consultancy Services (TCS) reported a 7% YoY increase in consolidated net profit to Rs 9,926 crore for the quarter ended March (Q4 FY22). Net profit rose 1.6% when compared to the previous quarter. Its revenue from operations grew 16% YoY (or 3.5% […] Written by marketfeed Team April 11, 2022April 21, 2022
Market News Top 10 News Tata Motors Secures Order for 1,300 CVs – Top Indian Market News Tata Motors secures order for 1,300 CVs from VRL Logistics Tata Motors has secured an order for 1,300 commercial vehicles (CVs) from VRL Logistics. The order comprises medium & heavy commercial vehicles (MHCV) and intermediate & light commercial vehicle (ILCV) range, which suit the logistics operations of VRL Logistics. The vehicles provide superior drivability, high […] Written by marketfeed Team April 7, 2022April 21, 2022
Paytm Shares Are Up 32% From 52-Week Low. What Next? Shares of One97 Communications Ltd, the parent company of digital payments platform Paytm, have recovered ~32% from its 52-week low. Unfortunately, the stock is still down by Rs 1,280 or 65% compared to its IPO listing price of Rs 1,955! In today’s article, we analyze the recent developments surrounding Paytm and its financial performance. What […] Written by Cherian Varghese July 6, 2022July 7, 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
