Market News Top 10 News WPI Inflation Rises to 11.39% in August – Top Indian Market News WPI inflation rises to 11.39% in August India’s wholesale inflation, measured by the Wholesale Price Index (WPI), spiked to 11.39% in August 2021. WPI grew 11.16% in July and 12.07% in June. The food articles segment witnessed a (-)1.29% change in August, as prices of vegetables and fruits contracted. Inflation in the fuel and power […] Written by Cherian Varghese September 14, 2021September 14, 2021
Market News Top 10 News India’s GDP Likely to Grow at 18.5% in Q1, says SBI Report – Top Indian Market News India’s GDP likely to grow at 18.5% in April-June quarter: SBI Report India’s gross domestic product (GDP) is expected to grow at 18.5% in the April-June quarter (Q1 FY22) due to a low base effect, said SBI in its Ecowrap research report. However, this projection is lower than the 21.4% growth projected by the Reserve […] Written by Cherian Varghese August 24, 2021August 24, 2021
Market News Top 10 News Taliban Disrupts India-Afghanistan Trade – Top Indian Market News Taliban Halts India-Afghanistan Trade Federation of Indian Export Organisation (FIEO) has said that the Taliban has disrupted its import-export with India. Afghanistan’s trade with India takes place through a transit route in Pakistan. Since the Taliban has stopped the movement of cargo across Pakistan, it means that trade with India also stands disrupted. According to […] Written by Maarg Vaidya August 19, 2021August 19, 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 Tata Steel Reports 34% QoQ Rise in Net Profit in Q1 – Top Indian Market News Tata Steel Q1 Results: Net profit at Rs 8,907 crore Tata Steel Ltd reported a consolidated net profit of Rs 8,907 crore for the quarter ended June (Q1 FY22). It had posted a net loss of Rs 4,416 crore in Q1 FY21 and a net profit of Rs 6,644 crore in the previous quarter (Q4 […] Written by Cherian Varghese August 12, 2021August 12, 2021
Market News Top 10 News HCL Tech Reports 9% YoY Rise in Net Profit in Q1 – Top Indian Market News HCL Tech Q1 Results: Net profit rises 9% YoY to Rs 3,213 crore HCL Technologies Ltd reported a 9.4% year-on-year (YoY) increase in consolidated net profit to Rs 3,213 crore for the quarter ended June (Q1 FY22). Its revenue from operations rose 12.5% YoY to Rs 20,068 crore during the same period. The total contract […] Written by Cherian Varghese July 19, 2021July 19, 2021
Market News Top 10 News Avenue Supermarts Reports 31% Rise in Revenue in Q1 – Top Indian Market News Avenue Supermarts reports 31% YoY rise in revenue in Q1 Avenue Supermarts Ltd reported a 31.27% YoY increase in standalone revenue to Rs 5,031.75 crore for the quarter ended June 2021 (Q1 FY22). It had posted a revenue of Rs 3,833.23 crore in the corresponding quarter last year (Q1 FY21). The total number of stores […] Written by Cherian Varghese July 3, 2021July 3, 2021
Market News Top 10 News Aarti Drugs Reports 12% YoY Decline in Net Profit in Q4 – Top Indian Market News Aarti Drugs Q4 Results: Net profit declines 12% YoY to Rs 51.6 crore Aarti Drugs reported a 12% year-on-year (YoY) decline in consolidated net profit to Rs 51.6 crore for the quarter ended March (Q4). Net profit has declined by 24% when compared to the previous quarter (Q3 FY21). The drugmaker’s net sales rose 11.6% […] Written by Cherian Varghese May 15, 2021May 15, 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
Editorial Reasons Behind the Rise in Steel Prices in India Steel prices in India and across the globe have been rising exponentially since July 2020. After surging ~55% in the previous financial year (FY21), it was confirmed that major Indian steel players had hiked rates by a further 10% in April alone. A Rs 4,000 per tonne hike has taken domestic prices of hot-rolled coil […] Written by Cherian Varghese May 4, 2021May 4, 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 ICICI Securities’ Net Profit Jumps Two-Fold in Q4 – Top Indian Market News ICICI Securities Q4 Results: Net profit jumps two-fold to Rs 329 crore ICICI Securities Limited reported over a two-fold year-on-year (YoY) increase in net profit to Rs 329 crore for the quarter ended March (Q4). Its revenue jumped 53% YoY to Rs 739 crore during the same period. The revenue growth was supported by a […] Written by Cherian Varghese April 21, 2021April 21, 2021
What Led to the 40% Rally in ZEEL? The shares of India’s largest media house, Zee Entertainment Enterprises Ltd (ZEEL), surged 40% to hit Rs 261.55 on Tuesday. It was a stellar intraday rally. The shares of its group companies such as Zee Media (+5%) and Zee Learn (+20%) were also locked in their respective upper circuit limits on Tuesday. Unfortunately, ZEEL has […] Written by Cherian Varghese September 16, 2021September 16, 2021
India’s Richest Investor: Radhakishan Damani The Indian stock market is passing through a golden era. It has molded sharp, disciplined, and inspiring investors over the years. Radhakishan Damani is one such individual who has taught us the beauty of value investing. He has applied analytical skills to build India’s largest retail supermarket chain, DMart. From living at a one-bedroom apartment […] Written by Anand P M September 15, 2021September 16, 2021
Sansera Engineering Ltd IPO: All You Need to Know The IPO frenzy continues in the Indian stock markets. Sansera Engineering Ltd, one of the leading auto components manufacturers in our country, has launched its three-day initial public offering (IPO) today— September 13. In this article, we take a closer look into the company and its IPO. Company Profile – Sansera Engineering Ltd Sansera Engineering […] Written by Cherian Varghese September 14, 2021September 14, 2021
