Market News Top 10 News Tata Steel’s Output Grows 2% YoY to 7.68 MT in Q3 – Top Indian Market News Tata Steel’s output grows 2% YoY to 7.68 MT in Q3 Tata Steel Ltd reported a 2% YoY rise in consolidated steel output to 7.68 million tonnes (MT) for the October-December period (Q3 FY22). Consolidated sales fell 3% YoY to 6.88 MT during the same period. Tata Steel produced 4.80 MT of steel in Q3 […] Written by Cherian Varghese January 7, 2022January 7, 2022
Market News Top 10 News ZEEL, Sony Sign Definitive Merger Agreement – Top Indian Market News ZEEL, Sony sign definitive merger agreement Sony Pictures Networks India Pvt Ltd (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) have signed definitive agreements to merge the two firms and combine their linear networks, digital assets, and program libraries. SPNI will hold a majority stake of 50.86% in the merged entity. The promoters of ZEEL will […] Written by Cherian Varghese December 22, 2021December 22, 2021
Editorial Q2 Result Analysis: Tata Steel Net Profit Soars 660% YoY Tata Steel, the steel giant, saw incredible growth this quarter in terms of profits, Q2FY22. In the second quarter, the steelmaker saw its revenue grow by ~62% YoY and ~13% QoQ. The revenue growth eventually resulted in a whopping ~660% growth over a year. In the current quarter, Q2FY22, the company scored a net profit […] Written by Maarg Vaidya November 16, 2021November 16, 2021
Market News Top 10 News Tata Steel Reports 654% YoY Jump in Net Profit in Q2 – Top Indian Market News Tata Steel Q2 Results: Net profit jumps 654% YoY to Rs 12,547 crore Tata Steel Ltd reported a 653.6% YoY jump in consolidated net profit to Rs 12,547.70 crore for the quarter ended September (Q2 FY22). Net profit increased 28% compared to the previous quarter. Its revenue from operations rose 54.8% YoY to Rs 60,282.8 […] Written by Cherian Varghese November 11, 2021November 11, 2021
Market News Top 10 News Cadila Healthcare’s Net Profit Jumps Six-Fold in Q2 – Top Indian Market News Cadila Healthcare Q2 Results: Net profit jumps over six-fold YoY to Rs 3,002 crore Cadila Healthcare Ltd reported a 534.2% YoY jump in consolidated net profit to Rs 3,002.3 crore for the quarter ended September (Q2 FY22). Net profit jumped 411.29% compared to the previous quarter. Adjusted for exceptional items and one-off gain on the […] Written by Cherian Varghese October 29, 2021October 29, 2021
Editorial Why are Zinc and Aluminium Stocks Rallying? Will Base Metal Stocks Move More? India’s base metal market is booming. Steel, Aluminium, Zinc, Copper, and other such metals are known as base metals. They are used extensively in industries. The base metal market was facing headwinds as COVID-19 restrictions were being lifted throughout the world. Competition from China, capacity rebuilding, reserve stock shortage, and unfavourable international market prices were […] Written by Maarg Vaidya October 23, 2021October 24, 2021
Market News Top 10 News Cabinet Approves Scheme For Setting Up 7 Mega Textile Parks – Top Indian Market News Cabinet approves scheme for setting up 7 mega textile parks The Union Cabinet has approved the setting up of seven textile parks under the Prime Minister Mega Integrated Textile Region and Apparel (PM-MITRA) scheme with a total outlay of Rs 4,445 crore over five years. The scheme will help in setting up world-class industrial infrastructure […] Written by Cherian Varghese October 6, 2021October 6, 2021
Market News Top 10 News Bharti Airtel to Invest Rs 5,000 crore in Data Centre Business – Top Indian Market News Bharti Airtel to invest Rs 5,000 crore to triple data centre capacity by 2025 Bharti Airtel will invest Rs 5,000 crore over the next 3-4 years to scale up its data centre capacity in India to meet the surging demand from domestic and global customers. The telecom company has unveiled a refreshed brand identity— ‘Nxtra […] Written by Cherian Varghese September 30, 2021September 30, 2021
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
Why Did Motherson Sumi’s Shares Fall 22% Last Friday? The shares of Motherson Sumi Systems Ltd fell up to 22% to Rs 182.85 on the NSE last Friday (January 14). Investors went into panic mode as most were unaware of the developments happening at the company. Motherson Sumi Systems Ltd (MSSL) is a leading manufacturer of automotive components. It produces and sells wiring harnesses, […] Written by Cherian Varghese January 19, 2022January 19, 2022
The Rise, Fall, and Revival of Cafe Coffee Day (CCD) ‘A lot can happen over coffee’. Since its inception nearly 25 years ago, Cafe Coffee Day (CCD) has become a favourite hangout spot for Indians. It defined the café landscape within India. You can find CCD outlets on major highways, near colleges and corporate parks across our country. Its founder, V.G. Siddhartha, had an ambitious […] Written by Cherian Varghese January 17, 2022January 19, 2022
Government Becomes Largest Stakeholder in Vodafone Idea: What Next? The Government of India has become the largest shareholder in private telecom company Vodafone Idea. Vi has faced quite some turbulence in terms of its finances and is heavily burdened by debt to banks as well as the government. The government will be the largest shareholder in Vodafone Idea after converting all of its pending […] Written by Maarg Vaidya January 13, 2022January 13, 2022
