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
Market News Top 10 News Jubilant Foodworks Reports 395% YoY Jump in Net Profit in Q4 – Top Indian Market News Jubilant Foodworks Q4 Results: Net profit jumps 395% YoY to Rs 104.3 crore Jubilant Foodworks Ltd reported a 395.5% YoY jump in net profit to Rs 104.3 crore for the quarter ended March (Q4). Its revenue from operations rose 14.3% YoY to Rs 1025.9 crore during the same period. Earnings before Interest, Tax, Depreciation & […] Written by Cherian Varghese June 15, 2021June 16, 2021
Market News Top 10 News PVR Reports Net Loss of Rs 289 crore in Q4 – Top Indian Market News PVR Q4 Results: Net loss at Rs 289 crore PVR Limited reported a consolidated net loss of Rs 289.12 crore for the quarter ended March (Q4 FY21). It had posted a net loss of Rs 74.49 crore in the corresponding quarter last year (Q4 FY20). The multiplex operator’s total income declined by 60.2% YoY (or […] Written by Cherian Varghese June 2, 2021June 2, 2021
Editorial Can IT Firms Maintain Job Satisfaction Rates? You may have noticed many IT companies hiking salaries and hiring more employees when the rest of India is going through a devastating economic slowdown. These firms have been successful in adopting a strong work-from-home (WFH) model, which has proved to be highly beneficial. However, while most IT firms posted record-breaking results in the previous […] Written by Cherian Varghese May 18, 2021May 18, 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
Market News Top 10 News Adani Ports’ Net Profit Jumps 285% YoY in Q4 – Top Indian Market News Adani Ports Q4 Results: Net profit jumps 285% YoY to Rs 1,288 crore Adani Ports & Special Economic Zone Ltd (APSEZ) reported a 285% year-on-year (YoY) jump in net profit to Rs 1,288 crore for the quarter ended March (Q4). Its revenue rose 24% YoY to Rs 3,608 crore during the same period. Total cargo […] Written by Cherian Varghese May 4, 2021May 5, 2021
Market News Top 10 News HUL Reports 41% YoY Rise in Net Profit in Q4 – Top Indian Market News Hindustan Unilever Q4 Results: Net profit rises 41% YoY to Rs 2,143 crore Hindustan Unilever Ltd (HUL) reported a 41% year-on-year (YoY) increase in net profit to Rs 2,143 crore for the quarter ended March (Q4). Its revenue rose 35% YoY to Rs 11,947 crore during the same period. The FMCG firm saw strong demand […] Written by Cherian Varghese April 29, 2021April 29, 2021
Market News Top 10 News WPI Inflation Rises to 8-Year High of 7.39% in March – Top Indian Market News WPI Inflation rises to 8-year high of 7.39% in March According to data released by the Ministry of Commerce & Industry, wholesale inflation in India rose to an 8-year high of 7.39% in March. The Wholesale Price Index (WPI) stood at 4.17% in February and 2.51% in January. The prices of crude oil, petroleum products, […] Written by Cherian Varghese April 15, 2021April 15, 2021
China’s Attack on Edtech Companies: Explained As part of their continued crackdown on tech companies, the Chinese government has asked after-school tutoring institutions in the education technology (ed-tech) sector to convert into not-for-profit entities. Ed-tech companies would also be barred from raising funds, launching a public issue (IPO), or acquiring other educational services. This has led to a massive sell-off of […] Written by Cherian Varghese July 29, 2021July 29, 2021
Rolex Rings IPO: All You Need To Know It’s raining IPOs once more! Rolex Rings Limited has decided to get listed. Its IPO begins today on July 28 and ends on July 30. Rolex Rings makes bearing rings and automotive components that are used in all sorts of vehicles as well as other industrial processes. The company has big names like Ford and […] Written by Maarg Vaidya July 28, 2021July 28, 2021
Glenmark Life Sciences IPO: All You Need to Know The IPO frenzy continues! Glenmark Life Sciences has launched its three-day IPO today— July 27. It is a subsidiary of Glenmark Pharma, one of the leading Indian pharmaceutical companies. In this article, we take a closer look into the company and its IPO. Company Profile – Glenmark Life Sciences Ltd Glenmark Life Sciences Ltd (GLSL) […] Written by Cherian Varghese July 27, 2021July 27, 2021
