Market News Top 10 News Tech Mahindra Reports 26% YoY Rise in Net Profit in Q2 – Top Indian Market News Tech Mahindra Q2 Results: Net profit rises 26% YoY to Rs 1,339 crore Tech Mahindra reported a 25.8% year-on-year (YoY) increase in consolidated net profit to Rs 1,338.7 crore for the quarter ended September (Q2 FY22). Net profit fell 1.07% compared to the previous quarter. Its revenue from operations rose 16.1% YoY (or 6.7% QoQ) […] Written by Cherian Varghese October 25, 2021October 25, 2021
Market News Top 10 News Manufacturing PMI Rises to 53.7 in September – Top Indian Market News Manufacturing PMI rises to 53.7 in September India’s manufacturing activity expanded for the third straight month in September. The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) stood at 53.7 in September, compared with 52.3 in August. Companies benefited from strengthening demand conditions amid the easing of Covid-19 restrictions. However, the increase in fuel, raw […] Written by Cherian Varghese October 1, 2021November 1, 2021
Market News Top 10 News Tech Mahindra Reports 39% YoY Rise in Net Profit in Q1 – Top Indian Market News Tech Mahindra Q1 Results: Net profit rises 39% YoY to Rs 1,353 crore Tech Mahindra Ltd reported a 39.17% YoY increase in net profit to Rs 1,353.2 crore for the quarter ended June (Q1 FY22). Net profit has increased by 25.13% when compared to the previous quarter. Its revenue from operations rose 11.98% YoY to […] Written by Cherian Varghese July 29, 2021July 29, 2021
Market News Top 10 News Tata Motors to Deliver 15 Hydrogen-Powered Buses to IOC – Top Indian Market News Tata Motors to deliver 15 hydrogen-powered buses to Indian Oil Corp Tata Motors has secured an order for 15 hydrogen-based proton exchange membrane (PEM) fuel cell buses from Indian Oil Corporation Limited (IOCL). All 15 buses will be delivered within 144 weeks from the date of signing of the Memorandum of Understanding (MoU). The automaker […] Written by Cherian Varghese June 30, 2021June 30, 2021
Market News Top 10 News Finance Ministry Announces Rs 6.28 lakh crore Stimulus Package – Top Indian Market News Finance Ministry announces relief measures for sectors impacted by Covid-19 Union Finance Minister Nirmala Sitharaman has announced a Rs 6.28 lakh crore stimulus package to boost Covid-affected sectors. An amount of Rs 23,220 crore will be set aside for the expansion of medical infrastructure for one year. Once issuance resumes, five lakh tourist visas will […] Written by Cherian Varghese June 28, 2021June 28, 2021
Market News Top 10 News Tech Mahindra’s Net Profit Declines 17.4% QoQ in Q4 – Top Indian Market News Tech Mahindra Q4 Results: Net profit declines 17.4% QoQ to 1,081 crore Tech Mahindra reported a 17.4% quarter-on-quarter (QoQ) decline in net profit to Rs 1,081 crore for the quarter ended March (Q4). Net profit is up 34.6% on a year-on-year (YoY) basis. The IT firm’s revenue rose 0.9% QoQ to Rs 9,730 crore during […] Written by Cherian Varghese April 26, 2021April 26, 2021
Market News Top 10 News India’s Manufacturing PMI Falls to Lowest in Seven Months – Top Indian Market News India’s manufacturing PMI declines to 7-month low of 55.4 in March India’s factory activity grew at its weakest pace in seven months in March, as renewed lockdowns to curtail an increase in Covid-19 cases dampened domestic demand and output. The IHS Markit Purchasing Managers’ Index (PMI) for India’s manufacturing sector declined to 55.4 in March […] Written by Cherian Varghese April 5, 2021April 5, 2021
Market News Top 10 News India’s WPI Inflation Rises to 4.17% in February – Top Indian Market News India’s WPI inflation rises to 4.17% in February Wholesale inflation in India jumped to a 27-month high in February 2021, as prices of food, fuel, and power surged. Inflation based on the Wholesale Price Index (WPI) increased to 4.17% in February, compared to 2.03% in January. The WPI Food Index rose to 3.31% in the […] Written by Cherian Varghese March 15, 2021March 15, 2021
Market News Top 10 News Wholesale Inflation Rises to 2.03% in January – Top Indian Market News Wholesale inflation rises to 2.03% in January India’s wholesale inflation, calculated by the Wholesale Price Index (WPI), rose to 2.03% in January 2021. This is primarily due to a rise in the prices of fuel, crude petroleum & natural gas, manufactured items, etc. The WPI stood at 1.22% in December 2020 and 3.52% in January […] Written by Cherian Varghese February 15, 2021February 15, 2021
Market News Top 10 News India to Start Covid-19 Vaccination Drive from Jan 16 – Top Indian Market News India to start Covid-19 vaccination drive from January 16 The Central Government announced that the nationwide Covid-19 vaccination drive will be launched on January 16. Priority will be given to nearly three crore healthcare and frontline workers. The decision was taken after Prime Minister Narendra Modi reviewed the status of India’s Covid-19 situation and vaccine […] Written by Cherian Varghese January 9, 2021January 9, 2021
Editorial Tech Mahindra: A Stock for the Future? Mahindra & Mahindra is one of the biggest groups in India. The IT arm of the group, Tech Mahindra is the 5th biggest IT company in India. It is one of the major sources from where the Mahindra group generate their revenue. marketfeed did an editorial on the future plans of Mahindra & Mahindra. You can […] Written by Sanidhya Bhardwaj January 7, 2021January 7, 2021
Market News Top 10 News Govt Ready to Roll Out Covid-19 Vaccine by Jan 13 – Top Indian Market News Ready to roll out Covid-19 vaccine by January 13: Health Ministry The Union Health Ministry on Tuesday said that it is prepared to roll out the coronavirus vaccine by January 13. “Based on the feedback of the dry-run, the government said it is ready to introduce the Covid-19 vaccine within 10 days from the date […] Written by Cherian Varghese January 5, 2021January 5, 2021
Why is NIFTY Falling Heavily? What is Next? The Indian stock market has been extremely volatile over the past month. Sentiments in the market have been bearish, with NIFTY falling more than 400 points a day twice in November. After reaching an all-time high of 18,604.45 in mid-October, NIFTY50 has corrected nearly 8-9% so far. NIFTY fell by 2.9% to 17,026 levels today, […] Written by Cherian Varghese November 26, 2021November 26, 2021
The Failed Carlyle-PNB Deal: Explained In early 2021, Punjab National Bank Housing Finance announced plans to raise Rs 4,000 crore through the allotment of preferential shares and convertible bonds. PNB Housing Finance would alot these shares to private equity firm Carlyle Group-led investment vehicles, Aditya Puri’s family investment arm, and a bunch of other shareholders. However, SES, a proxy advisory […] Written by Maarg Vaidya November 25, 2021November 25, 2021
Reliance vs Adani Group: Spearheading India’s Green Energy Revolution At the recent United Nations Climate Change Conference at Glasgow (COP26), India pledged to achieve net-zero carbon emissions by 2070. The Centre has committed to installing a non-fossil fuel electricity generation capacity of 500 gigawatts (GW) and sourcing 50% of India’s energy requirement from renewable sources by 2030. The government also aims to reduce 1 […] Written by Cherian Varghese November 24, 2021November 24, 2021
