Market News Top 10 News IEX Reports 75% YoY Rise in Net Profit in Q2 – Top Indian Market News IEX Q2 Results: Net profit rises 75% YoY to Rs 77 crore Indian Energy Exchange (IEX) reported a 75% YoY increase in consolidated net profit to Rs 77 crore for the quarter ended September (Q2 FY22). Net profit increased by 25% compared to the previous quarter. Its revenue from operations rose 56% YoY (or 21% […] Written by Cherian Varghese October 21, 2021October 21, 2021
Market News Top 10 News Infosys Reports 11.8% YoY Rise in Net Profit in Q2 – Top Indian Market News Infosys Q2 Results: Net profit rises 11.8% YoY to Rs 5,421 crore Infosys Ltd reported an 11.8% YoY increase in consolidated net profit to Rs 5,421 crore for the quarter ended Sept (Q2 FY22). Net profit rose 4.35% when compared to the previous quarter. Its revenue from operations rose 20.5% YoY (or 6.1% QoQ) to […] Written by Cherian Varghese October 13, 2021October 13, 2021
Market News Top 10 News TCS to Invest Rs 690 crore to Set Up Innovation Park in Kochi – Top Indian Market News TCS to invest Rs 690 crore to set up Innovation Park in Kochi Tata Consultancy Services (TCS) has agreed to invest Rs 690 crore to set up an Innovation Park in Kochi. The Kerala state government has allocated 36.84 acres of land to TCS for setting up a unit for Electronics Hardware & IT/ITES in […] Written by Cherian Varghese September 18, 2021September 18, 2021
Market News Top 10 News TCS to Drive Digital Transformation of NXP Semiconductors – Top Indian Market News TCS to drive digital transformation of NXP Semiconductors Dutch chipmaker NXP Semiconductors NV has selected Tata Consultancy Services (TCS) to help accelerate its digital transformation. As part of the deal, TCS will drive NXP’s integrated IT strategy across apps, IT infrastructure, and workplace services. TCS will also accelerate NXP’s cloud adoption to enhance business agility […] Written by Cherian Varghese September 13, 2021September 13, 2021
Market News Top 10 News India Lifts Ban on Boeing 737 MAX – Top Indian Market News India lifts ban on Boeing 737 MAX aircraft The Directorate General of Civil Aviation (DGCA) has allowed Boeing 737 MAX aircraft to fly in Indian airspace again— after carrying out necessary safety modifications. The air safety regulator had banned Boeing 737 MAX operations in India in March 2019 after two fatal accidents. Meanwhile, SpiceJet expects […] Written by Cherian Varghese August 26, 2021August 26, 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
Editorial IT Sector Q1 Result Preview: Performance To Peak in FY21? The pharma industry has clearly managed to break the glass ceiling throughout the COVID-19 pandemic in terms of revenue generation, profitability, and investor returns. Yet, there is another sector that was less impacted during the COVID-19 period. The IT Services and Software Industry. A close look at the results of big names like TCS, Infosys, […] Written by Maarg Vaidya August 6, 2021August 6, 2021
Market News Top 10 News Cabinet Approves Rs 6,322 crore PLI Scheme for Specialty Steel – Top Indian Market News Cabinet approves Rs 6,322 crore PLI scheme for specialty steel The Union Cabinet has approved a Production Linked Incentive (PLI) scheme for specialty steel. Incentives worth Rs 6,322 crore will be provided to eligible manufacturers over five years. The scheme is expected to bring in investments of approximately Rs 40,000 crore and capacity addition of […] Written by Cherian Varghese July 22, 2021July 22, 2021
Market News Top 10 News Bajaj Finserv Reports 31% YoY Fall in Net Profit in Q1 – Top Indian Market News Bajaj Finserv Q1 Results: Net profit falls 31% YoY to Rs 833 crore Bajaj Finserv Ltd reported a 31.5% YoY decline in consolidated net profit to Rs 832.7 crore for the quarter ended June (Q1 FY22). Net profit has fallen by 14.9% when compared to the previous quarter. Its revenue from operations fell 1.7% YoY […] Written by Cherian Varghese July 21, 2021July 21, 2021
Market News Top 10 News Asian Paints Reports 161% YoY Jump in Net Profit in Q1 – Top Indian Market News Asian Paints Q1 Results: Net profit jumps 161% YoY to Rs 574 crore Asian Paints Ltd reported a 161.5% year-on-year (YoY) jump in consolidated net profit to Rs 574.3 crore for the quarter ended March (Q1 FY22). Its revenue from operations rose 91.1% YoY to Rs 5,585.4 crore during the same period. Revenue from its […] Written by Cherian Varghese July 20, 2021July 20, 2021
Market News Top 10 News Wipro Reports 36% YoY Rise in Net Profit in Q1 – Top Indian Market News Wipro Q1 Results: Net profit rises 36% YoY to Rs 3,243 crore Wipro Limited reported a 36.65% year-on-year (YoY) increase in consolidated net profit to Rs 3,242.6 crore for the quarter ended June (Q1 FY22). Net profit has increased by 9.09% when compared to the previous quarter. The IT company’s revenue from operations rose 22.4% […] Written by Cherian Varghese July 15, 2021July 15, 2021
Market News Top 10 News Union Cabinet Approves Rs 14,775 crore for Fertiliser Subsidies – Top Indian Market News Union Cabinet approves additional Rs 14,775 crore for fertiliser subsidies The Union Cabinet has approved the proposal of the Department of Fertilizers for fixation of ‘Nutrient Based Subsidy Rates’ for Phosphatic and Potassic (P&K) Fertilizers for the financial year 2021-22. The subsidy rate on Di-ammonium Phosphate (DAP) fertilisers has been hiked by Rs 700 per […] Written by Cherian Varghese June 16, 2021June 16, 2021
The Escorts-Kubota Deal Explained On November 18, Escorts Limited announced that Japan-based Kubota Corporation will join the company as a co-promoter. The foreign entity will invest nearly Rs 9,400 crore in the tractor manufacturing company. With this investment, Escorts is looking to obtain a sizable share of the world’s largest tractor market— India. Dalal Street welcomed this news with […] Written by Anand P M November 23, 2021November 24, 2021
Why Was The PayTM IPO a Flop Show? India’s largest IPO in a decade has turned a flop show! One97 Communications Ltd, the parent company of digital payments app PayTM, lost 27% of its share price on the day of its listing. Domestic retail investors had high hopes on the Rs 18,300 crore IPO. Nevertheless, investors were left surprised when the shares were […] Written by Maarg Vaidya November 22, 2021November 22, 2021
Go Fashion (India) Ltd IPO: All You Need to Know 2021 has been a record year for companies turning public. Go Fashion (India) Ltd, a leading women’s bottom-wear brand based in Chennai, has launched its IPO today— Nov 17. The company holds a nearly 8% market share in the branded women’s bottom-wear market in India. Let us take a closer look into the company and […] Written by Cherian Varghese November 17, 2021November 17, 2021
