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Post Title - Additional deployment of Rs. 0.71 billion to enhance operations
Standard Capital Markets Ltd. (BSE: 511700) a leading player in Non-Banking Financial Company.
Read MorePost Title - Signs 99-year lease deed for two plots in SIPCOT Industrial Park
a leading player engaged in the business of manufacturing wide range of reliable and high-quality automotive parts for reputed OEMs.
Read MorePost Title - Bags EPC and O&M contracts for solar projects
a leading player engaged in construction and infrastructure, has announced that it has been awarded with the following contracts through two Letter of Awards (LoA).
Read MorePost Title - Uniquely positioned to scale new heights in financial inclusion
a leading Non-Banking Financial Company (NBFC), has announced a significant achievement
Read MorePost Title - Bags Order from Discovery Oaks Public School for implementation of its AIOT product edugenie and emotifics
Blue Cloud Softech (BCS) (BSE: 539607), a leading provider of cutting-edge AIoT solutions
Read MorePost Title - MoU signed with Singapore’s PTW group to embrace Semicon Innovations
a leading Fin-tech business solution provider delivering cutting edge technology solutions to enterprises
Read MorePost Title - Tie-up with NAL for air mobility solutions
Tata Elxsi (TEL), a global leader in design and technology services
Read MorePost Title - Portfolio Choice
Portfolio Choice - Kei Industries, Dcx Systems, Renaissance Global
Read MorePost Title - Indian by birth, foreign by revenue!
This time we have selected a unique small cap pharmaceutical company as the Fortune Scrip for this fortnight.
Read MorePost Title - Robust earnings for 9MFY25, PAT jumps 376% YoY
a leading player in infrastructural & Structural steel, and Engineering products industry.
Read MorePost Title - Poised to record double digit growth
Prospects for Cummins India for fiscal 2025 are heartwarming as far as sales are concerned.
Read MorePost Title - Expanding footprint, adding products
Cantabil Retail India Ltd, a New Delhi-headquartered apparel manufacturer and retailer.
Read MorePost Title - Rural and retail will be the thrust areas
Pointing out that “the commodity inflation trend has been mixed, and that though caustic soda.
Read MorePost Title - Political or growth budget?
Even as a feeling is gaining ground that this year’s Union budget will, like last year.
Read MorePost Title - Will Nitish-Naidu hijack the budget?
Though Union Finance Minister Nirmala Sitharaman will create a new record of presenting the Union budget for the eighth consecutive year.
Read MorePost Title - January 2025 Combined Issue
Explore the Combined issue of January 2025 on Corporate India for insightful analyses, market trends, and expert commentary on business finance and investments.
Read MorePost Title - Successfully completes AIoT project in the U.S
Blue Cloud Softech (BCS) (BSE: 539607), a leading provider of cutting-edge AIoT solutions.
Read MorePost Title - Partners with Shriram Life Insurance to offer life insurance products across its network
Vakrangee Limited (VL) (BSE: 511431, NSE: VAKRANGEE), one of India’s largest Last Mile Distribution Platform.
Read MorePost Title - Acquiring 69.84% stake in DC2 Mercury Cars Pvt Ltd
Mercury EV Tech Ltd. (BSE: 531357), a leading player in EV Industry engaged in the business of manufacturing wide range of electric vehicles.
Read MorePost Title - The company has weathered Red Sea crisis
Gateway Distriparks has planned a Rs 400-crore expansion programme to acquire or construct three more inland container depots (T&D) as part of its rail freight business.
Read MorePost Title - We plan to double tractor output
After the disinvestment of its railway business to auto component giant Sona Comstar
Read MorePost Title - Loans to touch Rs 10k cr in FY25
Mortgage lender Can Fin Homes, the housing finance company promoted by Canara Bank
Read MorePost Title - Portfolio Choice - HITACHI ENERGY INDIA, HIMATSINGKA SEIDE, RUCHIRA PAPERS
Portfolio Choice - HITACHI ENERGY INDIA, HIMATSINGKA SEIDE, RUCHIRA PAPERS
Read MorePost Title - Sky’s the limit for network champ
This fortnight we have selected one of the best investment bets in the Indian stock market as the Fortune Scrip.
Read MorePost Title - Fastest growing hotel chain Redefining hospitality
The group’s journey has been nothing short of spectacular, as it has evolved from just one Pune property in 1988 to 60 hotels across the country.
Read MorePost Title - Realty slump across India
With massive real estate redevelopment projects going on in Mumbai, property prices are expected to fall in the new year.
Read MorePost Title - Stock market woes for Indian moguls!
Indian companies are starting the new year on a sombre note. While Mukesh Ambani, India’s richest man, lost $ 5.7 billion of his wealth, second richest Gautam Adani’s net worth declined by $ 4.2 billion.
Read MorePost Title - JSW has yen for big buys
After buying the KSK Mahanadi project for Rs 16,000 crore, the JSW group has made another big ticket acquisition.
Read MorePost Title - Adanis ‘brush off’ US indictment
The year 2025 is crucial for the Adanis group. After the group was indicted by the US Department of Justice, the group has bounced back with the completion of a test flight at the Navi Mumbai airport.
Read MorePost Title - Where to invest in New Year
As contentious global issues from 2024 spill over into 2025, the common Indian investor, much like Shakespeare’s Hamlet, may be wondering what investment avenue will help grow his funds.
Read MorePost Title - Economy cries as politicos ‘fiddle’
As India steps into 2025, the silver jubilee year of the current millennium.
Read MorePost Title - December 2024 Second Issue
Economy cries as politicos ‘fiddle’ — As India steps into 2025, the silver jubilee year of the current millennium.
Read MorePost Title - Partners with EPACK Durable to strengthen air conditioner manufacturing
Cellecor Gadgets Limited (NSE SME: CELLECOR), one of India’s fastest-growing consumer electronics brands.
Read MorePost Title - Name changed from ‘Servotech Power Systems Ltd
Servotech Renewable Power Systems Ltd. (NSE: SERVOTECH), India’s largest EV Charger manufacturer.
Read MorePost Title - Board approves incorporation of new subsidiary Global Mercury Container Pvt Ltd
Mercury EV Tech Ltd. (BSE: 531357), a leading player in EV Industry engaged in the business of manufacturing wide range of electric vehicles.
Read MorePost Title - Allots shares against warrant conversion
Hazoor Multi Projects Ltd. (HMPL) (BSE: 532467), a leader in Engineering, Procurement, and Construction (EPC) contracting services.
Read MorePost Title - Issues Rs. 5 billion NCDs, Deploys Rs. 1.3 billion towards operations
Standard Capital Markets Ltd. (BSE: 511700) a leading player in Non-Banking Financial Company (NBFC).
Read MorePost Title - Awarded being one of the Top 75 “Innovative Companies” at CII industrial innovation awards 2024
Vikas Ecotech Ltd. (BSE: 530961, NSE: VIKASECO), a leading player engaged in the business of Specialty Polymers & Specialty Additives and Chemicals for Plastics & Rubbers industries.
Read MorePost Title - Signs technology transfer pact with Advanced System Lab., DRDO for biodegradable plastics
Vikas Lifecare Limited (BSE: 542655, NSE: VIKASLIFE), has entered into a Technology Transfer Agreement with the Advanced Systems Laboratory (ASL).
Read MorePost Title - MOU signed with The Gyalsung Infra, Bhutan
Hardwyn India Ltd.’s (BSE: 541276, NSE: HARDWYN), a leader in architectural hardware and glass fittings, has signed an MOU with The Gyalsung Infra, Bhutan.
Read MorePost Title - Enters into facilities agreement with AL Raiyan Export
HMA Agro Industries Ltd. (BSE: 543929, NSE: HMAAGRO), a leader in handled foods and agro products.
Read MorePost Title - Developing new warehouse facility: Affirms commitment to green logistics
North Eastern Carrying Corporation Ltd. (NECC) (BSE: 534615, NSE: NECCLTD), a leading player in domestic, international, commercial, and industrial goods transportation has announced a recent business update.
Read MorePost Title - Bags US$ 15 mln order for advanced MDM solutions for medical devices
Blue Cloud Softech (BCS) (BSE: 539607), an innovative AloT solutions provider and a leading player specializing in AI-driven solutions across various fields.
Read MorePost Title - Subsidiary EbixCash secures prestigious contracts
Erayaa Lifespaces Limited (BSE: 531035) delighted to share business updates from its Indian subsidiary EbixCash.
Read MorePost Title - Virtuosa of two disparate worlds
Harneet Kour inhabits two worlds quite effortlessly. As a young actor, she debuted in a Punjabi movie, ‘Udeekan Teriyan’, last year.
Read MorePost Title - Portfolio Choice
Japanese parentage boosts its growth, Uncrowned king of Basmati rice, Corrosion buster par excellence
Read MorePost Title - India’s Very Own Gas Godzilla!
As this fortnght’s Fortune Scrip, we have picked GAIL (India) Ltd, the country’s leading natural gas company with diversified interests across the natural gas value chain.
Read MorePost Title - Electrifying new star in Maharashtra! Eyes Rs 1,000-cr revenue by 2030
A new star is rising on the industrial horizon of Maharashtra. Bhandup (an eastern suburb of Mumbai) – headquartered Rulka Electricals.
Read MorePost Title - MF insurance arms to go public
We are keen on listing our mutual fund and life insurance arms in fiscal 2025.” Giving an indication to this effect at a conference call organized to discuss the performance of Canara Bank during Q2FY25.
Read MorePost Title - Focus is on resilience, sustainability
Maintaining that “our strategic objective is to build a sustainable organization that remains relevant to our customers, while creating growth opportunities for our employees and generating profitable growth for our investors.
Read MorePost Title - ARISE a/c tailormade for women
‘ARISE’ women’s savings account, launched by Axis Bank recently, is a comprehensive offering with financial solutions and healthcare benefits.
Read MorePost Title - Cement sector On a roll
Underlining its status as the second largest cement segment globally.
Read MorePost Title - Falling Re. is not Govt’s baby!
Even as Prime Minister Narendra Modi and his Finance Minister, Ms Nirmala Sitharaman, keep harping on India’s ‘rapid’ economic growth.
Read MorePost Title - December 2024 First Issue
Falling Re. is not Govt’s baby! — Even as Prime Minister Narendra Modi and his Finance Minister.
Read MorePost Title - Stellar earnings show for Q2FY25, PAT shoots up 169% YoY
Mercury EV Tech Limited (BSE: 531357), a leading player in EV Industry engaged in the business of manufacturing wide range of electric vehicles, has reported stellar earnings for the quarter and year ended 30 September 2024.
Read MorePost Title - Stellar earnings show for Q2FY25, PAT shoots up 35.2% YoY
Jindal Worldwide Ltd. (BSE: 531543, NSE: JINDWORLD), a diversified and integrated textile fabrics and shirting manufacturer and one of the world’s largest denim fabric manufacturer.
Read MorePost Title - Excellent earnings for Q2FY25: Revenue spurts 162.61% YoY
Evexia Lifecare Ltd. (BSE: 524444), engaged in the trading of pharmaceuticals, chemicals, manufacturing of intermediates, agricultural produce and various other products of consumer goods.
Read MorePost Title - Setting up new manufacturing facility in Rajasthan
Vikas Lifecare Limited (VLL) (BSE: 542655, NSE: VIKASLIFE), is setting up a new, state-ofthe-art manufacturing facility in the Shahjahanpur RIICO Industrial Area.
Read MorePost Title - Singapore arm secures 12,000 MT rice order, eyes Rs. 2000 Mn annual revenue
Sarveshwar Foods Ltd. (BSE: 543688, NSE: SARVESHWAR) an ISO 22000:2018 and USFDA certified leader in the agro product FMCG sector, announces that its wholly owned subsidiary, Green Point Pte.
Read MorePost Title - Board approves up to US$ 75 Mn fund raise through issue of FCCBs
Paisalo Digital Ltd. (BSE: 532900, NSE: PAISALO), a thriving listed non-deposit taking NBFC registered with the Reserve Bank of India.
Read MorePost Title - December 06 set as record date for 1:10 stock split
Erayaa Lifespaces Limited (BSE: 531035) has announced that its board has set December 06, 2024 for its 1:10 stock split i.e. sub-division/split of 1 Equity Shares of the Company each into 10 Equity shares of the company.
Read MorePost Title - December 16 set as record date for 1:10 stock split
PC Jeweller Ltd. (BSE: 534809, NSE: PCJEWELLER), one of the leading and fastest-growing jewellery retail chains in India.
Read MorePost Title - Bank guarantee waiver boosts Vodafone
In some good news for telecom companies and their shareholders.
Read MorePost Title - Portfolio Choice
Riding domestic network demand, Piggybacking India’s agri demand, Hoping to turn the corner in profits
Read MorePost Title - Century Of Serving Indian Farmers
For this fortnight, we have picked Coromandel International, a century-old agrochemicals company which manufactures crop protection products.
Read MorePost Title - Will Adani weather US bribery charges?
Not only have the US charges against the Adani group deepened the crisis being faced by Gautam Adani, they have eroded the credibility of the Indian government and India’s regulator of the securities market (SEBI).
Read MorePost Title - Rs 4 k cr power orders expected in FY25
Maintaining that Techno Electric Engineering Company’s order book is highly robust, PP Gupta, Managing Director.
Read MorePost Title - Deposits have cross Rs 50-lakh cr mark Out to woo wealthy clients
State Bank of India, the country’s largest commercial bank, is investing in wealth management technology in order to boost its share of India’s affluent customers, according to Challa Shreenivasulu Setty, SBI Chairman.
Read MorePost Title - Ready to bid for PAN 2.0 project 1.2 cr PAN cards issued in Q2FY25
Protean eGov Technologies, a leading force in universal and citizen-centric e-governance solutions, is all set to bid for the IT department’s PAN 2.0 project, focusing on its development and maintenance.
Read MorePost Title - Bullish fervour in banking stocks
Ever since Prime Minister Narasimha Rao and his Finance Minister Manmohan Singh opened up India to economic liberalisation.
Read MorePost Title - Govt goes ‘poll-istic’, economy stutters
After an underwhelming performance in the recent general electons, the BJP-led ruling alliance (NDA) had some cause for cheer when it romped home at the recent assembly hustings in Haryana and Maharashtra.
Read MorePost Title - November 2024 Second Issue
Govt goes ‘poll-istic’, economy stutters — After an underwhelming performance in the recent general electons.
Read MorePost Title - Stellar earnings show for Q2FY25, PAT Jumps 76% YoY
Pavna Industries Limited (BSE: 543915, NSE: PAVNAIND), a leading player engaged in the business of manufacturing wide range of reliable and high-quality automotive parts for reputed OEMs.
Read MorePost Title - Improving performance: Half-time revenues cross Rs. 3000-mn-mark
Zee Media Corporation Ltd. (BSE: 532794, NSE: ZEEMEDIA), one of the leading and largest news networks of India.
Read MorePost Title - Stellar earnings show for Q2FY25, PAT spurts 101% YoY
Motisons Jewellers Ltd. (BSE: 544053, NSE: MOTISONS), a leading player in the jewelry industry.
Read MorePost Title - Half-time performance cheers: Revenues shoot up 883.51% yoy
Srestha Finvest Ltd. (BSE: 539217), a leader in financial solutions, has announced its earnings for the quarter and half year ended 30 September 2024.
Read MorePost Title - Gratifying show for Q2FY25, EBITDA grows 37.56% QoQ
MIC Electronics Limited (BSE: 532850, NSE: MICEL), a global leader in the design, development, and manufacturing of LED video displays, has announced earnings for the quarter and half year endd 30 September 2024.
Read MorePost Title - Robust earnings show for Q2FY25: PAT shoots up 172.54% YoY Board approves 2:5 bonus issue
Hardwyn India Ltd.’s (BSE: 541276, NSE: HARDWYN), a leader in architectural hardware and glass fittings.
Read MorePost Title - Stellar earnings for Q2FY25, PAT jumps to Rs. 6.94 cr
Rathi Steel and Power Ltd. (BSE: 504903), a leader in stainless steel products like Wire Rods, Billets, Flats, has announced its earnings for the quarter and half year ended 30 September 2024.
Read MorePost Title - Impressive Earnings show for H1FY25, PAT shoots up 64% YoY
Nandan Denim Ltd. (BSE: 532641, NSE: NDL), a leader in the denim industry, has announced its earnings for the quarter and half year ended 30 September 2024.
Read MorePost Title - Powering India’s hi-speed rail network
BEML Limited, a leading central PSE under the Ministry of Defence, has been awarded a contract for the design.
Read MorePost Title - Board approves allotment of equity shares against conversion of warrants
PC Jeweller Ltd. (BSE: 534809, NSE: PCJEWELLER), one of the leading and fastest-growing jewellery retail chains in India, has allotted 3,38,85,000 equity shares of FV of Rs. 10 each.
Read MorePost Title - Board approves preferential equity share and warrant allotment
Mercury EV Tech Ltd. (BSE: 531357), a leading player in EV Industry engaged in the business of manufacturing wide range of electric vehicles has announced that its board.
Read MorePost Title - Launches innovative solar solutions, strengthening commitment to renewable energy
Servotech Power Systems Ltd, (NSE: SERVOTECH), a leading manufacturer of renewable energy solutions, launches its new series of innovative and high-tech range of solar on-grid inverters.
Read MorePost Title - Raises Rs. 60 crore through allotment of NCDs
Standard Capital Markets Ltd. (BSE: 511700), a leading non-banking financial company (NBFC).
Read MorePost Title - Acquisition to power refrigeration
Pune-based Kirloskar Pneumatic Company (KPCL) recently entered into a share purchase agreement to acquire a 55.26% stake, for around Rs 15.50 crore, in Systems & Components India Pvt Ltd.
Read MorePost Title - LNG pact to buffer domestic demand
GAIL, a ‘Maharatna’ Central PSE, recently signed a 10- year sales and purchase agreement (SPA) with ADNOC Gas.
Read MorePost Title - BFL buys axle maker for Rs 545 cr
Bharat Forge Limited (BFL), has entered into a definitive agreement to acquire AAM India Manufacturing Corporation Private Limited (‘AAMIMCPL’), a subsidiary of American Axle & Manufacturing Holdings Inc.
Read MorePost Title - Rs. 48.95 crore rights issue to finance expansion plans
Ahmedabad-based Mercury Trade Links (BSE:512415), engaged in trading agricultural and allied products has entered.
Read MorePost Title - Announces Kareena Kapoor Khan as brand ambassador for smart TVs
Cellecor Gadgets Limited, (NSE: CELLECOR),one of India’s fastest-growing consumer electronics brands, is thrilled to announce Bollywood superstar Kareena Kapoor Khan as the brand ambassador for its Smart TV.
Read MorePost Title - Portfolio Choice
Widening its kitchenware basket, Straddling a host of segments: From textiles to e-com & realty, Back in the black in fiscal 2024: Scrip trades at attractive valuation
Read MorePost Title - Market Newbie With Huge Potential
This fortnight, we have picked Orient Technologies Solutions as the Fortune Scrip. The company entered the capital market just four months ago – August 21, 2024, to be exact.
Read MorePost Title - Tailwinds expected from steel demand
Though the current performance of APL Apollo Tubes is far from satisfactory, the prospects for the company going ahead are highly encouraging.
Read MorePost Title - Mixed portfolio blunts headwinds 5 new clients in $ 100 mn bucket
The demand outlook at TCS continues to be cautious in the last few quarters.
Read MorePost Title - Speeding up carbon black capacities: Eyes global sales hike in carbon black
Realising that the carbon black market is getting stronger and its future prospects are highly promising.
Read MorePost Title - Where Do Markets Go From Here ?
In the continuing mayhem on the Indian stock market, scrips across the India Inc.
Read MorePost Title - This (bearish) phase too shall pass!
The Indian stock market is currently in bad shape, passing through a distinctly bearish phase.
Read MorePost Title - November 2024 First Issue
This (bearish) phase too shall pass! — The Indian stock market is currently in bad shape, passing through a distinctly bearish phase.
Read MorePost Title - Plant efficiency uptick to spur growth
Birla Corporation (BCL) is the flagship company of the MP Birla group, with interests in the cement and jute industries.
Read MorePost Title - Portfolio Choice
Expanding tyre fabric capacities, Acquisitions to improve fortunes, Stunning gems for marquee clients
Read MorePost Title - Wholly owned subsidiary makes investment in Fluttr Digimate
Zee Media Corporation Ltd. (BSE: 532794, NSE: ZEEMEDIA), one of the leading and largest news networks of India, has announced that the company’s wholly owned subsidiary viz.
Read MorePost Title - Executes term sheet to acquire 51% stake in Vittal’s MediCare
Evexia Lifecare Ltd. (BSE: 524444), engaged in the trading of pharmaceuticals, chemicals, manufacturing of intermediates, agricultural produce and various other products of consumer goods.
Read MorePost Title - Board approves acquisition of 51% stake in Ishwari Healthcare
Sudarshan Pharma Industries Ltd. (SPIL) (BSE: 543828), a prominent name engaged in the chemical and pharmaceutical business.
Read MorePost Title - Enters in to MOU with Selangor Agricultural Development Corporation
HMA Agro Industries Ltd. (BSE: 543929, NSE: HMAAGRO), a leader in handled foods and agro products.
Read MorePost Title - Expanding global presence through partnership with Supermercados Central Ltda in Chile
GRM Overseas Ltd. (BSE: 531449, NSE: GRMOVER), a renowned Indian exporter of basmati rice and a key player in the FMCG sector, announces a strategic partnership with Supermercados Central Ltda in Chile.
Read MorePost Title - Board approves acquisition of 70% stake in Haitek Automotive
Mercury EV Tech Limited (BSE Scrip Code: 531357), a leading player in EV Industry engaged in the business of manufacturing wide range of electric vehicles has announced that its board approved.
Read MorePost Title - Marketing the Alibag lifestyle dream
A wind-swept coastline, a breath-taking seafront, undulating waves, gusts of fresh air, countless chirping birds, a vast carpet of flora and fauna.
Read MorePost Title - 22k cr revenues expected in FY25
Rail Vikas Nigam Ltd (RVNL) - the executing arm of Indian Railways -- has emerged as the lowest bidder (LI) for a contract awarded by Maharashtra Metro Rail Corporation Ltd.
Read MorePost Title - Our focus is on strong balance sheet
Non-performing assets of ICICI Bank are on the rise. During Q1FY25 there were gross additions of Rs 721 crore from the Kisan Credit Card portfolio.
Read MorePost Title - Defence orders driving pace of growth
The management expects positive momentum for the company, going ahead, in the Indian entities across forging, casting and defence.
Read MorePost Title - Where to invest in samvat 2081
The upbeat mood in the Indian stock market got a rude jolt towards the end of the previous Hindu calendar year, Samvat 2080.
Read MorePost Title - Diwali masks price pain of common man
As in the past, Diwali this year has been celebrated across India with fervour and joy, with buildings and homes lit up like new brides.
Read MorePost Title - October 2024 Combined Issue
Diwali masks price pain of common man — As in the past, Diwali this year has been celebrated across India with fervour and joy.
Read MorePost Title - Expanding products range: Partners with Hello Mobiles & Comexcell Technologies to boost reach
Cellecor Gadgets Limited, (NSE: CELLECOR), a maverick in innovative technology solutions.
Read MorePost Title - Signs MOU for supply chain financing with leading agri-FMCG company: Plans diversification
Advik Capital Ltd, (BSE: 539773), a Delhi NCR based emerging non-banking financial company (NBFC).
Read MorePost Title - Win-win business deal with SCI
Container Corporation Of India (Concor) will resume coastal cargo transport activities as part of its multimodal logistics strategy.
Read MorePost Title - Management is confident of 30% revenue growth
According to SK Kodandaramaiah, Director (Business Development) of Power Mech Projects.
Read MorePost Title - Set for outer space plunge
Navratna defence PSU Bharat Electronics is all set to enter the space sector.
Read MorePost Title - Portfolio Choice
Financials poor, but future rosy, Targeting large logistics pie, Piggybacking 2W sales boom
Read MorePost Title - Q1 dip won’t dampen its growth: Fortunes are sure to rebound
Eyebrows are sure to be raised by our selection of Craftsman Automation Ltd, a Coimbatorebased, well-diversified engineering company, as the Fortune Scrip for this fortnight.
Read MorePost Title - SEBI suffers while Madhabi ‘dithers’
India Inc is divided over the fate of Madhabi Puri Buch, SEBI chairperson, after the opposition Congress party raised several alleged conflicts of interest associated with her.
Read MorePost Title - Realty takes a hit in Q2FY24 Housing prices put off investors
After unabated growth since the Covid-19 pandemic, the September quarter of 2024 saw housing sales across the top seven cities fall by 11% yoy, with 1.07 lakh units sold as compared to more than 1.20 lakh units sold in the same period of 2023.
Read MorePost Title - Tatas face ‘tele-pain’ of Rs 22,000 crore
While Tata Consultancy Services (TCS) continues to be a profitable asset for the Tata group, Tata Teleservices is struggling with substantial losses. In its annual report for the financial year ending March 2024.
Read MorePost Title - Religare keeps Burmans at bay
The Burmans have initiated a hostile takeover bid for Religare Enterprises, which has undergone a significant transformation under the leadership of Rashmi Saluja, a physician by training.
Read MorePost Title - Gold Loan Market Strikes Gold
Even as global uncertainties have seen the price of gold skyrocket, the traditional yen of Indian consumers for the yellow metal is reflected more in gold collateral-linked loans than in gold purchases.
Read MorePost Title - Fatal allure of derivatives trading
A recent study by the Securities and Exchange Board of India (SEBI), the regulator of the Indian capital market.
Read MorePost Title - September 2024 Second Issue
Gold Loan Market Strikes Gold — A recent study by the Securities and Exchange Board of India (SEBI), the regulator of the Indian capital market.
Read MorePost Title - Building 12 EV charging stations for ANERT, Kerala Govt
Servotech Power Systems Ltd, (NSE: SERVOTECH), India’s largest EV Charger manufacturer.
Read MorePost Title - Acquires single largest stake in Virat Kohli backed digital-first coffee brand Rage Coffee
GRM Overseas Limited, a leading player in India’s FMCG sector and a top exporter of premium basmati rice, has announced a significant strategic investment in Swmabhan Commerce Pvt Ltd.
Read MorePost Title - Focus on 20% EBIDTA margin
Tata Communications has started deployment of the first set of artificial intelligence (AI) products.
Read MorePost Title - Double-digit revenue growth as New Gaana app boosts revenues
The outlook for Entertainment Network (India) (ENIL), promoted by Bennett Coleman & Company -- the flagship company of the Times of India group -- is highly positive.
Read MorePost Title - Airport biz to be demerged: Navi Mumbai airport to be ready by FY2025
Ahmedabad-headquartered Adani Enterprises, the largest business incubator in terms of market capitalisation, is planning to demerge its airport business.
Read MorePost Title - Portfolio Choice
Bumper order book of Rs 10,000 cr, Numero uno in Basmati rice, Indian IT expertise for the world
Read MorePost Title - LEADING THE SMALL CAP BRIGADE!: Thriving On Its Speciality Solutions
This fortnight, we have picked a unique small cap speciality chemicals company which has tremendous growth potential going ahead.
Read MorePost Title - Rewards Shareholders with 1:1 Bonus, Eyes Global Leadership in PHARMA
There is good news for the shareholders of Vaishali Pharma (NSE – VAISHALI).
Read MorePost Title - UK’s £ 500 million ‘eco’ handout to Tata Steel
Tata Steel UK has received a £ 500 million dole from the UK government to convert its coal-based blast furnaces to electric arcs. This is expected to maintain 5,000 jobs in the UK.
Read MorePost Title - JSW’s e-car to upstage Tata Motors’ offering?
The group has acquired MG Auto’s India business and has launched its first electric vehicle at a price of Rs 9.9 lakh, compared to Tata Motors’ Curvv EV at over Rs 17 lakh.
Read MorePost Title - Has Zee chief’s charge doomed SEBI chief?
In a scathing attack, Zee group founder Subhash Chandra has accused SEBI chairperson Madhabi Puri Buch of corruption.
Read MorePost Title - Vedanta masters art of borrowing!
The group has already received the bankers’ nod to divide the debt of its India-listed Vedanta Ltd into 6 entities.
Read MorePost Title - Tyre Industry On a Roll
With the Indian automobile industry growing by leaps and bounds on the back of a booming economy, better road infrastructure and growing consumer demand.
Read MorePost Title - China checkmates ‘Make in India’!
Is ‘Make in India’ – the much-touted slogan of Prime Minister Narendra Modi — a hollow one? Or is Mr Modi’s vow to ban imports from China a joke? If the actual situation on the trade front with China is any indication.
Read MorePost Title - September 2024 First Issue
China checkmates ‘Make in India’! — Is ‘Make in India’ – the much-touted slogan of Prime Minister Narendra Modi — a hollow one? Or is Mr Modi’s vow to ban imports from China a joke.
Read MorePost Title - Board approves allotment of NCDs, raises Rs. 264 crore
The board of directors of Standard Capital Markets Ltd. (BSE: 511700), a leading NBFC offering alternative financial services and promoting financial access and growth for all, has approved the allotment of 2648 unrated.
Read MorePost Title - Board of directors approves conversion of FCCBs
Evexia Lifecare Ltd. (BSE: 524444), engaged in trading of chemicals, manufacturing of intermediates, agricultural produce and various other products of consumer goods.
Read MorePost Title - Honours top performers with exclusive International Trip: a Strategic Initiative for Growth and Innovation
Cellecor Gadgets Limited, (NSE: CELLECOR), a trailblazer in India’s consumer durables sector.
Read MorePost Title - Receives EPC award for Rs. 463 cr. solar plant at Gujarat’s Khavda RE Power Park
Gensol Engineering Ltd. (BSE: 542851, NSE: GENSOL), a pioneer in solar power engineering, procurement.
Read MorePost Title - Buoyant growth at home & abroad: NPA ratio on downward pathyears
Analysing the performance of the bank during Q1FY25, K Satyanarayana Raju, MD and CEO.
Read MorePost Title - Planning amusement parks across India
Wonderla Holidays, the undisputed leader in the field of amusement parks in India, is in expansion mode.
Read MorePost Title - Growing from strength to strength
Nippon Life India Asset Management Ltd, a leading mutual fund company, is going from strength to strength, with its marketshare shooting up 93 bps to 8.20 per cent during the year ended March 2024.
Read MorePost Title - Portfolio Choice
Pole player in hi-tech castings, Pan-India leader in edible oils, Niche producer of oxo-alcohols
Read MorePost Title - Force Behind Pharma Innovators
This fortnight we have picked Syngene International, a Bengaluru-headquartered integrated research.
Read MorePost Title - Different strokes for Trent, Tata Neu
Trent Ltd, a company run by Noel Tata, is creating history as its shares touch a new high. Tata Trent also has a significant presence in the mass brand apparel through Westside.
Read MorePost Title - JB Pharma on the block torrent in race
After Cipla, the Indian pharmaceutical industry is agog with reports that JB Pharma is on the block and that several companies, including private equities, are making an offer.
Read MorePost Title - Huge valuation for Tata Capital IPO
Tata Capital is in talks with bankers to launch its IPO this financial year.
Read MorePost Title - Vedanta group’s funding woes
Despite the sale of assets and stakes in listed companies, analysts expect the Vedanta group to face funding shortfalls of $ 850 million and $ 1.4 billion in FY25 and FY26 respectively.
Read MorePost Title - After 77 years of Independence On the rise: Industrialised Status Within Reach
Economically crippled by two centuries of British colonial rule, India had to suffer the indignity in the early years of Independence of having to beg the US for wheat that was unfit for human consumption.
Read MorePost Title - Unleashing potential of service sector
In recent years, the service sector has emerged as the key driver of Indias export growth, driving this growth with a diverse portfolio of services ranging from travel-tourism, transport and insurance to information technology.
Read MorePost Title - August 2024 First Issue
Unleashing potential of service sector — In recent years, the service sector has emerged as the key driver of Indias export growth.
Read MorePost Title - Portfolio Choice
KAVERI SEED COMPANY, UNITED NILGIRI TEA ESTATES & COMPANY, HARRISONS MALAYALAM
Read MorePost Title - Robust order book, hinting revenue visibility for 3 years
The outlook for WPIL, a global provider of pumps and systems, is highly positive if its recent performance and the inflow of orders are any indication.
Read MorePost Title - FY24 earnings ease debt positionrural loans
Despite a substantial debt reduction of Rs 1.25 billion last year from Rs 2.75 billion.
Read MorePost Title - AI provides great connect with consumers
Highlighting AI’s (artificial intelligence) role in customized consumer offers, Rohit Jawa, CEO and Managing Director of Hindustan Unilever.
Read MorePost Title - Tie-up with Meprolight, Israel for Hi-tech arms solutions
RRP S4E Innovation Ltd, a leading and fast-growing defence company specialising in electro-optic solutions.
Read MorePost Title - India Inc ‘unfriended’ by Modi.3 budget
Even as the general elections in India are now over.
Read MorePost Title - Dejected biz captains ‘wooing’ Opposition
After the disastrous budget by the Modi government and the BJP’s poor performance in the Lok Sabha elections.
Read MorePost Title - Axing LTCG rule will hit realtors
Despite scraping together a majority, the Modi government has shot itself in the foot by coming out with a disastrous budget.
Read MorePost Title - Hindujas’ ‘Shylockian’ terms for Reliance Cap
After its Rs 10,000 crore bid to buy Reliance Capital, the Hinduja group is in two minds on whether to buy the company earlier owned by Anil Ambani.
Read MorePost Title - Budget 2024-25 Exercise to Save Modi 3.0 Govt
Expectedly, the new Modi government’s first budget has allocated the lion’s share of resources to crucial allies Chandrababu Naidu’s AP and Nitish Kumar’s Bihar.
Read MorePost Title - Budget robs ‘Peter’ to pay ‘Paul’
The Union budget for fiscal 2025, presented by Finance Minister Nirmala Sitharaman last week.
Read MorePost Title - July 2024 Second Issue
Budget robs ‘Peter’ to pay ‘Paul’ — The Union budget for fiscal 2025, presented by Finance Minister Nirmala Sitharaman last week.
Read MorePost Title - Board approves Rs. 2705 crore fund raise via preferential issue
PC Jeweller Ltd. (BSE: 534809, NSE: PCJEWELLER), one of the leading and fastest-growing jewellery retail chains in India.
Read MorePost Title - Board gives green signal for Rs. 700 cr fund raise through QIP
The board of directors of PTC Industries Limited (BSE: 539006, NSE: PTCIL).
Read MorePost Title - Awarded First Make II project by Indian Army
Apollo Micro Systems Ltd. (BSE: 540879, NSE: APOLLO), a pioneer in design.
Read MorePost Title - Gratifying show for Q1FY2025: Net profit spurts to Rs. 9.5 million
Eraaya Lifespaces Ltd. (BSE: 531035) has reported its earnings for the quarter ended 30 June 2024.
Read MorePost Title - UP govt declares Ghaziabad unit as ‘Pioneer Unit’ gets duty refund
Rathi Steel and Power Ltd. (BSE: 504903), a leader in stainless steel products like Wire Rods, Billets, Flats.
Read MorePost Title - Board approves scheme of amalgamation with G G Engineering Ltd
The board of directors of Integra Essentia Limited (BSE: 535958, NSE: ESSENTIA) have approved the scheme.
Read MorePost Title - Board sets August 09 as record date for stock split in 1:10 ratio
Rushil Decor (BSE: 533470, NSE: RUSHIL), Rushil Decor Limited (BSE: 533470, NSE: RUSHIL).
Read MorePost Title - Honored as highest tax payer in Bulandshahr district, (UP)
Hi-Tech Pipes Limited (NSE: HITECH, BSE: 543411), one of the leading Steel Pipes companies in India.
Read MorePost Title - Leading green push with solar powered EV charging station in Delhi
Servotech Power Systems Ltd, (NSE: SERVOTECH), a leading manufacturer of EV chargers and solar solutions.
Read MorePost Title - Bags Rs. 600 million Basmati rice order from Al-Naqeeb Group of Yemen
GRM Overseas, one of the leading Indian basmati rice exporters and India’s leading food FMCG.
Read MorePost Title - Tata Steel-Global Wires India
Tata Steel is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum.
Read MorePost Title - Board approves raising Rs. 401.50 crore via NCDs
Standard Capital Markets Ltd. (BSE: 511700), a leading player in the financial services sector
Read MorePost Title - Leading the denim revolution with top quality fabrics
Vishal Fabrics Ltd. (BSE: 538598) is a premier supplier of top quality stretch denim fabric which is very popular among people of all ages.
Read MorePost Title - Receives completion certificate from Western Railway
MIC Electronics Limited, a global leader in the design, development, and manufacturing of LED video displays
Read MorePost Title - Board approves fund raise up to Rs. 304.53 crore
The board of directors of One Point One Solutions Ltd. (NSE: ONEPOINT) (1Point1)
Read MorePost Title - Portfolio Choice
Pole player in cattlefeed segment, Slowly regaining innerwear crown, On the logistics fast track
Read MorePost Title - Customer base touches 50 crore mark GNPA falls to lowest level in 10 years
State Bank of India, the largest commercial bank in the country, has reported remarkable improvement in its asset quality during fiscal 2024.
Read MorePost Title - Tie-up with Piramal Fin for rural loans
Axis Bank and Piramal Finance have joined hands to establish a co-lending business aimed at extending loans to underserved segments in India.
Read MorePost Title - Rs 3,000 cr capex to boost growth
Maintaining that the “path in our growth journey is being charted with a discreet capex programme of Rs 3,000 crore for the next three years till fiscal year 2027,”
Read MorePost Title - Bofors redux for Hindujas!
As the annual general meeting of shareholders of Reliance Industries draws nearer.
Read MorePost Title - Vedanta facing funding ‘fundas’
Anil Agarwal-owned Vedanta will soon complete its restructuring and list its six verticals separately.
Read MorePost Title - SEBI’s ‘biased’ investigation
The Supreme Court has given a clean chit to the Adanis and has instructed SEBI to probe entities involved in short selling of Adani group shares in January this year.
Read MorePost Title - Boomtime For Telecom Stocks
Consumers will not be pleased by the 15-25 % tariff hike by the countrys telecom companies.
Read MorePost Title - Unavoidable ‘pain’ for mobile users
All three private sector telecom companies – Bharti Airtel, Reliance Jio and Vodafone Idea — have revised their tariffs upwards by 11 to 25 per cent.
Read MorePost Title - July 2024 First Issue
Unavoidable ‘pain’ for mobile users — All three private sector telecom companies – Bharti Airtel, Reliance Jio and Vodafone Idea — have revised their tariffs upwards by 11 to 25 per cent.
Read MorePost Title - Retail inflation at 12-month low
Retail inflation in India has reached a 12-month low of 4.75% in May 2024, according to the latest data from the Ministry of Statistics and Programme Implementation.
Read MorePost Title - To invest up to Rs. 36 crore in Wholly Owned Subsidiary
Nova Agritech Limited (BSE: 544100, NSE: NOVAAGRI), a leading agri-input manufacturer offering soil health management.
Read MorePost Title - Focus on organic farming and farm to fabric with zero emissions
In a world grappling with environmental challenges such as ozone layer depletion and greenhouse gas emissions.
Read MorePost Title - Ties up with Avalon Bioenergy for sustainable moringa processing
Ajooni Biotech Ltd., a leader in livestock health and dairy farming innovation in India.
Read MorePost Title - Rs. 44.87 crore Rights issue open, to close on July 12
Rs. 44.87 crore rights issue of Ahmedabad based Spright Agro Ltd (BSE – 531205) engaged in the business of Agriculture.
Read MorePost Title - Eraaya Lifespaces Limited
The Consortium has remitted the 5% cash deposit, as required to further the process.
Read MorePost Title - Expanding overseas operations by incorporating a subsidiary in Hong Kong
Cellecor Gadgets Limited (NSE EMERGE: CELLECOR), a rapidly growing leader in India’s dynamic electronics.
Read MorePost Title - Successful bidder for GUVNL’s 250 MW battery energy storage project worth Rs. 1340 cr.
Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), a pioneer in solar power engineering.
Read MorePost Title - invest Rs. 250 million in renewable energy and clean water projects
Srestha Finvest Ltd., a leader in financial solutions, has announced that Srestha Finvest Ltd (Srestha).
Read MorePost Title - New projects have huge rental potential
New York Life Insurance Company has invested Rs 388 crore to acquire a 49 per cent stake in two operational office complexes of the Max Estates group.
Read MorePost Title - Record 2 mn vehicles sold in FY24
Maruti Suzuki India, the number one car manufacturer in the country, which achieved sales of over 2 million vehicles during fiscal 2024, establishing a new record, is in expansion mode.
Read MorePost Title - Revenues to rise 15% in FY25
Larsen & Toubro, the engineering colossus which attracted group order inflows of Rs 3,02,812 crore in fiscal 2024.
Read MorePost Title - Shares ride US parent’s gains
Shares of Oracle Financial Services Ltd surged by 6% to Rs 8,935 on Wednesday after its parent company
Read MorePost Title - Portfolio Choice
POWER MECH PROJECTS, RALLIS INDIA, MOTHERSON SUMI WIRING INDIA
Read MorePost Title - Hi-flyer in defence, boosting Atmanirbhar Bharat in aerospace
This fortnight we have selected Data Patterns (India), the brainchild of Srinivasagopalan Rangarajan.
Read MorePost Title - Global player in centerless grinders
Based at Vadodara, Gujarat, BSE-listed Solitaire Machine Tools (SMT), though a relatively small entity in terms of revenue and profits.
Read MorePost Title - PEs on company acquisition spree
While top Indian groups are slowing down on acquisitions (barring the Adani group), private equity firms are going ahead with large acquisitions.
Read MorePost Title - Bofors redux for Hindujas!
Controversy and the Hindujas, it seems, have become synonymous with each other. Four members of the billionaire family have been convicted by a Swiss court for ill-treating their employees.
Read MorePost Title - Tatas agonise over Air India
The Tata group seems unable to solve the problems faced by passengers in spite of three years of taking over Air India.
Read MorePost Title - Adani’s ambitious $100 bn capex spree
After the Tata group announced a $130 billion capex over the next 5 years.
Read MorePost Title - FMs nightmare Poll shadow over budget
With its drastically reduced seat share in the new Lok Sabha, the NDA government helmed by Prime Minister Narendra Modi will not be able to push through economic and fiscal measures as in the past.
Read MorePost Title - ‘Call auction’ boost for holding companies
The Securities and Exchange Board of India (SEBI), the regulator of the capital market.
Read MorePost Title - June 2024 First Issue
‘Call auction’ boost for holding companies — The Securities and Exchange Board of India (SEBI).
Read MorePost Title - Reports robust earnings for Q4FY24: Net profit Jumps 154% YoY
North Eastern Carrying Corporation Ltd. (NECC) (BSE: 534615, NSE: NECCLTD), a leading player in domestic.
Read MorePost Title - Board approves allotment of shares against conversion of warrants
The board of directors of Lorenzi Apparels Ltd. (BSE: 540952, NSE: LAL), a prominent player in the realm of manufacturing.
Read MorePost Title - Stellar earnings show for FY24: Net profit jumps 380% YoY
Standard Capital Markets Ltd., a leading player in the financial services sector, has announced its earnings for the quarter and year ended 31 March 2024.
Read MorePost Title - Board approves 3:1 bonus issue: Robust earnings for FY24
Remedium Lifecare Ltd. (BSE: 539561), engaged in trading API intermediates (KSMs and CRMs) and various other raw materials essential to API trading.
Read MorePost Title - Move to acquire 100% of the equity of EBIX INC, USA
Eraaya Lifespaces Limited (BSE : ERAAYA) has announced that a consortium of members led by Eraaya has submitted a term sheet to the independent directors of Ebix, Inc.
Read MorePost Title - Solid earnings for Q4FY24: PAT shoots up 880% YoY
Nandan Denim Ltd. (BSE: 532641, NSE: NDL), a leader in the denim industry, has reported solid earnings for the quarter and year ended 31 March 2024.
Read MorePost Title - Robust earnings show for Q4FY24: Net Profit jumps 108% YoY
Sigachi Industries Limited., a leading pharmaceutical company engaged in active pharmaceutical ingredients.
Read MorePost Title - Rs. 38.83 cr. rights opened on May 24 to close on June 11
Rs. 38.83 crore rights issue of Gujarat based Franklin Industries Ltd (BSE – 540190) engaged in the trading of agriculture commodities and providers of contract farming services has opened for subscription on May 24, 2024.
Read MorePost Title - Revenues spurt 56% to Rs. 61.7 cr. strategic investment in Patel Container
Company turnaround its business operations and reported 56% growth in the total income to reach Rs. 61.7 crore in FY24.
Read MorePost Title - Robust earnings show for FY24: Crosses Rs. 1,000 Cr revenue mark
Paramount Communications Ltd., established in 1955, a leading player in India’s wire and cable industry.
Read MorePost Title - Bags order for supplying 500 MT of Rice from the prestigious ITC group’s Agri Division
Integra Essentia Ltd, has received its first ever order from the prestigious ITC group’s Agri Division for supplying 500 MT of rice.
Read MorePost Title - Targeting double-digit EBITDA this year
Delhi-based KEI Industries, a leading manufacturer of electrical wires and power cables, aims at 15-16 per cent growth in revenue during the current fiscal year ending March 2025.
Read MorePost Title - The fastest-growing mutual fund
Nippon Life India Asset Management is in fine fettle. The company has continued to increase its marketshare for the fourth straight quarter ended March 2024.
Read MorePost Title - Rolling plan to double business in next 5 years
Bank of Baroda, the country’s second largest public sector bank.
Read MorePost Title - Earnings at all-time high in FY24
Pune-based Cosmos Co-operative Bank has put up a scintillating performance during fiscal year 2024 with the profit at net level shooting up to an all-time high of Rs 384 crore
Read MorePost Title - Portfolio Choice
TATA COMMUNICATIONS, NUVOCO VISTAS CORPORATION, PARAG MILK FOODS
Read MorePost Title - King of cooling solutions
Ice Make Refrigeration Limited (NSE: ICEMAKE), a leading Indian provider of innovative cooling solutions.
Read MorePost Title - Birla ditches plan to list Novelis
The group planned to raise $1 billion with a valuation of up to $18 billion.
Read MorePost Title - Modi-3 may not hurt Adani, Ambani stocks
With the NDA’s performance significantly weaker than in the 2019 elections.
Read MorePost Title - Jiomart takes on BigBasket, Zepto
Mukesh Ambani’s Reliance Retail’s JioMart plans to introduce quick commerce services in India by delivering products within 30 minutes of order placed on its app by customers.
Read MorePost Title - Tata Steel in revamp mode: focus on Europe operations
After the acquisition of Neelachal Ispat and Bhushan Steel, and the gradual turnaround of its loss-making European unit.
Read MorePost Title - Man proposes, God disposes
THE freedom- and democracy-loving voters of India, in the form of ‘God’.
Read MorePost Title - Modi learns lesson in humility
The 2024 Lok Sabha elections have opened a brand new chapter that serves up several new lessons.
Read MorePost Title - May 2024 Second Issue
Modi learns lesson in humility — The 2024 Lok Sabha elections have opened a brand new chapter that serves up several new lessons.
Read MorePost Title - Robust Earnings for Q4FY24 PAT shoots up 79% YoY
Apollo Micro Systems Ltd. (BSE: 540879, NSE: APOLLO), a pioneer in design.
Read MorePost Title - Incorporates Subsidiary for Insurance Broking
Standard Capital Markets Ltd., a leading player in the financial services segment.
Read MorePost Title - Gratifying show for FY 2024: Revenues grow 27% YoY
Servotech Power Systems Ltd, (NSE: SERVOTECH), a prominent manufacturer of cutting-edge solar products.
Read MorePost Title - Robust Earnings show for FY24: PAT Jumps 115% YoY
Sarveshwar Foods Ltd. (BSE: 543688, NSE: SARVESHWAR), engaged in the business of manufacturing, trading.
Read MorePost Title - Successfully concludes the payment for acquisition of EMC Ltd
Salasar Techno Engineering Ltd (STEL) (BSE: 540642, NSE: SALASAR), is a one stop engineering and infrastructure solution provider.
Read MorePost Title - Six strategies for growth: Mapping the journey to the next orbit
a prominent figure in the affordable electronics sector, is experiencing significant growth as it broadens its reach, distribution channels, and product offerings
Read MorePost Title - Attractive rights issue opens on May 21, 2024
Attractive rights issue opens on May 21, 2024
Read MorePost Title - Reports solid Q4FY24 earnings, with record 37.62% revenue growth and best-ever operational performance
One Point One Solutions Ltd. (NSE: ONEPOINT) (1Point1), the country’s leading Business Process Management Solutions company.
Read MorePost Title - Subsidiary secures new client win in European region
ITCube Solutions Pvt. Ltd. (subsidiary of One Point One Solutions Limited).
Read MorePost Title - Strengthens global footprint with Strengthens global footprint with expansion into South American market
Rushil Decor (BSE: 533470, NSE: RUSHIL), a prominent name in the manufacturing of ecofriendly MDF, laminates, and plywood, is thrilled to announce its strategic expansion into South America.
Read MorePost Title - Excellent show for FY 2024: Sales at highest ever level
JTL Industries Limited is a fast-growing dynamic steel tube manufacturing company that specializes in producing black steel pipes.
Read MorePost Title - Receives In-principle Approval for Preferential Issue of Warrants, In Advance Discussions for Potential Acquisition
Fineotex Chemical Ltd. (BSE: 533333, NSE: FCL), a leading specialty chemical producer.
Read MorePost Title - Crucial importance of SRC
A Stakeholders Relationship Committee (SRC) is crucial for an organization’s success.
Read MorePost Title - Portfolio Choice
Five-fold sales surge in 12 years, Riding India’s infra bandwagon, Pole player in automotive castings
Read MorePost Title - Launches Premier Tyres
With a view to improving its marketshare in the premium tyre segment.
Read MorePost Title - New AI centre in Paris in June
Tata Consultancy Services (TCS) is going to create a global Artificial Intelligence (AI) Centre of Excellence in Paris.
Read MorePost Title - Ambitious expansion plans
Delhi-based Anant Raj Ltd, a leading player in the segment of real estate development which has diversified into the field of data centres.
Read MorePost Title - Hikes share in tech-smart Ecozen
Coromandel International Limited (CIL,) India’s leading listed agri-solutions company.
Read MorePost Title - Aviation bonanza for GMR, Adani
The GMR and Adani groups are in for a bonanza as ICRA projects the overall air passenger traffic to witness a healthy growth of around 8-11 per cent to around 407- 418 million in FY2025.
Read MorePost Title - Hindujas’ Rel Cap bid come undone?
The Hinduja group had a meeting with lenders, seeking more time beyond the deadline of May 27 for making a payment worth Rs 9,661 crore for the takeover of Reliance Capital.
Read MorePost Title - Avanti new gen, ‘tata’ to old gen
Several new scions are joining the family business as the older generation takes a back seat.
Read MorePost Title - Adani Port shares ride Norges exit
Despite the news of Norway’s central bank Norges Bank’s exit, the stock of AP&SEZ remains stable.
Read MorePost Title - Gold Heads To Cross Rs 1 Lakh-Mark
India’sfascination with gold is probably as old as the country’s hoary history.
Read MorePost Title - ‘Make in India’ or ‘Make in China’ & Dump in India?
What price ‘Make in India’? The much touted slogan of Prime Minister Narendra Modi, together with his vow to ban imports from China.
Read MorePost Title - May 2024 First Issue
‘Make in India’ or ‘Make in China’ & Dump in India? — What price ‘Make in India’? The much touted slogan of Prime Minister Narendra Modi.
Read MorePost Title - Free certified Sona Masuri paddy seeds distribution initiative launched in UT of J&K
Sarveshwar Foods Ltd. has announced a pioneering initiative aimed at supporting farmers in the Jammu & Kashmir Union Territory through free distribution of certified Sona Masuri paddy seeds.
Read MorePost Title - Infuses Rs. 85 Mn as further capital to its step-down JV towards capex for establishing Noida Plant
Vikas Lifecare has infused further capital amounting Rs. 85 million to its step-down JV i.e. IGL Genesis Technologies Ltd.
Read MorePost Title - Stellar Earnings show for Q4FY24, PAT Jumps 249% QoQ
LKP Securities Ltd. (BSE: 540192), a leading financial services provider, has reported stellar earnings for Q4FY24 and FY24.
Read MorePost Title - Secures maiden Government order to Supply Premium Basmati Rice to Oman
GRM Overseas Limited (GRM) has received its first order from the Ministry of Agricultural.
Read MorePost Title - Acquires luxury staycation property and commercial retail spaces
Eraaya Lifespaces Ltd. (BSE: 531035) is pleased to update the developments taking place in its hospitality business (i) acquisition of luxury Staycation property at Lonavala with an investment of about Rs. 30 Million.
Read MorePost Title - Agro Products Division Secures Orders worth Rs. 500 Million
Vikas Lifecare Limitedhas secured significant orders for its Agro Products Division.
Read MorePost Title - Transforming from local to global
As far as its business activity is concerned, Rail Vikas Nigam is transforming from a local to a global infrastructure player.
Read MorePost Title - India verticals to grow in 2024
Calendar year 2023 turned out highly disappointing for CIE Automotive India, with sales growth registering only a 4 per cent rise.
Read MorePost Title - Milestone in green hydrogen production
SJVN Ltd has achieved a significant milestone with the inauguration of India’s first multi-purpose green hydrogen pilot project at its 1,500 MW Nathpa Jhakri hydro power station in Jhakri.
Read MorePost Title - Right issue by Ashapuri Gold Ornament opens on May 8
Ashapuri Gold Ornament Ltd (BSE - AGOL) a leading jewellery maker of antique gold jewellery and one of the prominent manufacturers.
Read MorePost Title - Plan to go public to raise up to Rs. 41.15 crore: IPO to open on May 9
a leading company in designing and manufacturing of a diverse range of sheet metal machinery is planning to raise up to Rs. 41.15 crore from its SME public issue.
Read MorePost Title - Portfolio Choice
Giant platform for global brands, Pan-India leader in steel pipes, Riding on industry capex expansion
Read MorePost Title - RESPack-2024 in Mumbai
Foundation for Innovative Packaging and Sustainability ( FIPS) was envisioned by Prof Dr N.C.Saha.
Read MorePost Title - Brookfield sinks Rs 2.8k cr in Adani’s BKC property
Canada’s financial power house Brookfield is acquiring the Adaniowned ‘Inspire One’ commercial building in the Bandra-Kurla Complex for Rs 2,800 crore.
Read MorePost Title - Adani, JSW race for renewables space
The Adani and JSW groups are in a race to provide world-class infrastructure assets as these assets are becoming critical networks for the movement of people.
Read MorePost Title - Godrejs Smoke the Amity Pipe
The Godrej family settlement has made every family member happy.
Read MorePost Title - Hinduja in great hurry on Rel Cap debut
In an unprecedented move, IIHL has submitted an application to the insurance regulator.
Read MorePost Title - ‘David’ comes to chips party
Even as industry ‘Goliaths’ like the Tatas and the Murugappas lead India into the brand new world of semiconductor manufacturing with two plants in Gujarat and one Assam respectively.
Read MorePost Title - Wake up to Chinese import tsunami
What price ‘Make in India’? The much-touted policy of Prime Minister Narendra Modi.
Read MorePost Title - April 2024 Second Issue
Wake up to Chinese import tsunami - What price ‘Make in India’? The much-touted policy of Prime Minister Narendra Modi.
Read MorePost Title - Exploring lithium assets In Africa, Australia
NMDC Ltd – formerly known as National Mineral Development Corporation — is an Indian PSU engaged in exploration of iron ore.
Read MorePost Title - Unexecuted order book (Rs 5,441 cr.) at new all-time high
Kolkata-headquartered Techno Electric and Engineering Company is attracting robust order inflows.
Read MorePost Title - Grabs order for Birla wind-solar power project
KP Energy, Gujarat’s prominent solutions provider in wind energy.
Read MorePost Title - Speciality chem for global clients
Promoted by Haridas Kanani, a chemical engineer from IIT-Mumbai.
Read MorePost Title - India in global hunt for lithium!
Lithium, a white alkaline material, is one of the vital elements and now it is becoming a cornerstone of India’s energy transition for a reduction in the carbon footprint.
Read MorePost Title - Portfolio Choice
Riding growing demand for coal, Godzilla of Indian print media!, Global player from seed to fork
Read MorePost Title - Chips Wills Mark Its Quantum Leap
This fortnight, we have selected a unique company with a history of interesting changes.
Read MorePost Title - Rs 170-cr fund raise to boost growth
ASM Technologies, a publicly listed company and a pioneer in design-led manufacturing in the semiconductor.
Read MorePost Title - Preaching purity, paying politicos!
Almost all companies and CEOs who talk publicly about high standards of corporate governance have been caught paying political parties via the infamous election bonds.
Read MorePost Title - Post-RBI-fiat, IPO rush by NBFCs
The Tata group is giving the final touches to the launch of the Initial Public Offer of Tata Capital.
Read MorePost Title - Japanese eye on Yes Bank
Japanese banks are getting bullish on India. After Sumitomo acquired Fullerton.
Read MorePost Title - Debt hassles for Vedanta
Is the worst behind Vedanta? Analysts believe that’s the case for Anil Agarwal- owned Vedanta Resources.
Read MorePost Title - $ 1 Trillion Future Boomtime For Healthcare
Boomtime beckons the $ 500 billion Indian healthcare industry on the back of several favourable factors.
Read MorePost Title - ‘Cure all’ quacks need stiff action
It was indeed a historic judgment of far- reaching consequences when a Supreme Court bench of Justices Hima Kohli and Ahsanuddin Amanullah flayed self-styled yoga guru Baba Ramdev.
Read MorePost Title - April 2024 First Issue
‘Cure all’ quacks need stiff action — It was indeed a historic judgment of far- reaching consequences when a Supreme Court bench of Justices Hima Kohli and Ahsanuddin Amanullah flayed self-styled yoga guru Baba Ramdev.
Read MorePost Title - ‘Gaana’ acquisition to boost ENIL growth’expand capacities
The acquisition process to take over the business undertaking of Gamma Gaana Ltd.
Read MorePost Title - Daawat rice marketshare jumps to 30%
Thanks to its working towards solidifying the company’s core business and fortifying its product portfolio.
Read MorePost Title - Record spurt in order inflow
Engineering colossus Larsen & Toubro, a well-diversified conglomerate with a broad range of interests including infrastructure.
Read MorePost Title - All set to produce bioplastic
Balrampur Chini Mills (BCML) has inked agreements with three renowned technological experts — Sulzer AG, Alpine Engineering GmbH and Jacobs – for the production of bioplastic.
Read MorePost Title - Rs 800 crore for battery foil plant
Hindalco Industries plans to significantly expand its manufacturing capacity of fine-quality aluminium foil that is used in rechargeable batteries to serve the rapidly growing market for electric vehicles (EVs) and energy storage systems.
Read MorePost Title - Going from strength to strength: From acorn to management oak
The Institute of Public Enterprise (IPE), Hyderabad is stepping into its Diamond Jubilee year with confidence and on the strength of consistently being counted among the top B Schools in India.
Read MorePost Title - Pan-India presence in wires, cables
This fortnight we have selected a prominent wire and cables company as the Fortune Scrip.
Read MorePost Title - Recycling Li-ion batteries is a win-win
Tata Chemicals (TCL) started operating its Li-ion battery recycling plant in 2019.
Read MorePost Title - India Inc loses yen for M&As
Barring the Adani group, not many in India Inc are currently in the mood for acquisitions.
Read MorePost Title - JSW eyes Aussie coal company
The JSW group is in talks to buy a stake in Whitehaven Coal in Australia.
Read MorePost Title - Damoclean sword of loans over SP
The SP group sold its stake in the data centre business to repay part of its high-cost loans.
Read MorePost Title - No IPO by Tata Sons Cheer group shares
At least two brokerages recently reported that Tata Sons was coming out with an IPO.
Read MorePost Title - Semicon Race Indias chips on the table
In today’s automated world, any country that aspires to a seat at the global high table needs to have a strong semiconductor manufacturing base.
Read MorePost Title - SBI and its electoral bond(age)
It is really unfortunate that the State Bank of India, the largest commercial bank in the country and a Fortune 500 lister.
Read MorePost Title - March 2024 Second Issue
SBI and its electoral bond(age)! - It is really unfortunate that the State Bank of India, the largest commercial bank in the country and a Fortune 500 lister.
Read MorePost Title - Rs 1,500-cr capex to expand capacities
New Delhi-headquartered KEI Industries, among the top three organized players in the Indian wire and cable industry.
Read MorePost Title - Provisions spurt by 45% in Q3FY24
Provisions by HDFC Bank have spurted by 45 per cent to Rs 4,216.64 crore during Q3FY2024.
Read MorePost Title - Navy order for anti-fungal uniform fabric
Ahmedabad-headquartered Arvind Ltd, a leading textile and apparel company.
Read MorePost Title - Betting big on speciality steel
Established in 1973, Kalyani Steels (KSL), a part of the over $ 3 billion Kalyani group headed by Baba Kalyani, is in aggressive growth mode.
Read MorePost Title - Payment aggregator nod from RBI
Gandhinagar (Gujarat)-based Infibeam Avenues (IAL), an AI-powered listed fintech company.
Read MorePost Title - First indigenous hydrogen electrolyser
Larsen & Toubro (L&T) has achieved a significant milestone in the clean energy space by commissioning.
Read MorePost Title - Portfolio Choice
VOLTAMP TRANSFORMERS, PANAMA PETROCHEM, GUJARAT PIPAVAV PORT
Read MorePost Title - Post-hiccups, back to growth path
This fortnight, we have selected a unique small cap multinational company (equity capital Rs 5 crore, market capitalisation Rs 860 crore).
Read MorePost Title - Modest Midas of Indian jewellers
The customer is king, so goes the saying. This is also reflected in the famous words of Mahatma Gandhi. In every business.
Read MorePost Title - Adani in comfort zone on net debt
The Adani group’s performance for 12 months ending December 2023 has pleasantly surprised the markets as well as analysts.
Read MorePost Title - Birla on hyper growth spree
A lot of action is taking place in the Aditya Birla group. It is listing Novelis in the US.
Read MorePost Title - ‘Funds’ war between Zee, Bloomberg
Indian media firm Zee and American media firm Bloomberg are battling each other in the courts.
Read MorePost Title - Vedanta seized of funding issues
The bonds of Vedanta Resources, the unlisted holding company of the Vedanta group.
Read MorePost Title - Outer Space Emerging New Sunrise Sector
It was a reform that was waiting to happen. The (outer) space sector has been dominated historically by a handful of countries.
Read MorePost Title - Indian G-secs go global
There are good tidings for the Indian economy in general and the Indian debt market in particular.
Read MorePost Title - March 2024 First Issue
Indian G-secs go global — There are good tidings for the Indian economy in general and the Indian debt market in particular.
Read MorePost Title - Latest wind turbines for India
Inox Wind Limited (IWL), one of India’s leading wind energy solutions providers
Read MorePost Title - Portfolio Choice
Straddling the construction chain: Confident of double-digit EBIDTA, ‘Towering’ enabler of telecom, Turning the corner in H1FY2024
Read MorePost Title - Total railway solutions provider : On rails growth bandwagon
The railways sector has of late emerged as one of the most happening segments of the Indian economy.
Read MorePost Title - Game-changing cylinders for green hydrogen storage
Confidence Petroleum India Ltd, a fully integrated and leading player in the LPG and CNG industry.
Read MorePost Title - Adani in running for Zee takeover
With a low promoter stake of 4 per cent, Zee Entertainment Enterprises is a sitting duck for a hostile acquisition.
Read MorePost Title - Tata group to raise Rs 28,000 cr as debt
The Tata group’s financial services companies are raising a massive Rs 28,000 crore as debt in fiscal 2025.
Read MorePost Title - Birla faces uphill task in paints biz
The Aditya Birla group will be launching its paints business by February-end. This will be a new line of business for the group after a long time.
Read MorePost Title - India Inc’s ‘poll’ vault! Investments or poll gimmicks
The JSW group is in an aggressive mode to invest across the country after its chairman Sajjan Jindal made news for all the wrong reasons.
Read MorePost Title - Naytm Ides Of March For Paytm
Is it the end of the road for the fairytale success story that was Paytm? Following the RBIs fiat to Paytm Payments Bank to stop all business activities.
Read MorePost Title - RBI opaque on anti-Paytm fiat
Shaktikanta Das, Governor of the Reserve Bank, the central bank of the country, has stunned the world of business.
Read MorePost Title - February 2024 First Issue
RBI opaque on anti-Paytm fiat — Shaktikanta Das, Governor of the Reserve Bank, the central bank of the country.
Read MorePost Title - Green buster of wastewater
Jigar Jani, co-founder and business head of Green Pebble Technologies, is a dynamic and far-sighted technologist.
Read MorePost Title - Portfolio Choice
Home-grown textile behemoth, Riding demand for clean power, Robust orders for EPC business
Read MorePost Title - Small cap IT stock with big future
After the excellent and widespread response to our selection of a small cap IT stock (K Solves India) as the Fortune Scrip last month.
Read MorePost Title - Hand-holding clients all the way
Innergize Solutions is a unique boutique strategy and management consulting firm founded by Nilesh Ganjwala in 2006.
Read MorePost Title - Rs 49 crore rights issue on anvil
Chennai-headquartered Srestha Finvest Ltd, a leader in financial solutions, will be coming out with a rights issue to raise funds up to Rs 49 crore.
Read MorePost Title - Inching closer towards becoming a systematically important NBFC
Advik Capital Limited, as part of its long-term business strategy and to expand its business interest in diverse verticals.
Read MorePost Title - Stocksplit, bonus windfall for shareholders
There is cheerful news for the shareholders of Standard Capital Markets Ltd, a leading player in the segment of financial services.
Read MorePost Title - Cheers shareholders with bumper (4:1) bonus issue
Salasar Techno Engineering Ltd (STEL) (BSE: 540642, NSE: SALASAR), engaged in manufacturing large and heavy steel structures.
Read MorePost Title - King of chemical equipment on growth trajectory
Gujarat-based HLE Glascoat has come a long way since its formation after the merger of HLE Engineers with Swiss Glascoat Equipment in 2019.
Read MorePost Title - Fiscal deficit – fly in the ointment
It is now abundantly clear that the Indian economy is on the revival path.
Read MorePost Title - January 2024 First Issue
Fiscal deficit – fly in the ointment — It is now abundantly clear that the Indian economy is on the revival path.
Read MorePost Title - Q2 Decline for India Inc: Will Q3 Earnings Bring a Turnaround?
The recent Q2 earnings reports for India Inc. have highlighted a challenging season for various sectors.
Read MorePost Title - Week Ahead: Key Market Triggers for Nifty and Sensex
This week, the Indian stock market’s trends will hinge on a variety of key triggers, including domestic and global macroeconomic data, Q2 earnings results, foreign fund flows, and global cues.
Read MorePost Title - Swiggy’s IPO Sees Moderate Interest as Subscription Reaches 25% on Day 2
Swiggy, the popular food and grocery delivery platform, is currently in the midst of its highly anticipated initial public offering (IPO).
Read MorePost Title - Trent Ltd Achieves Remarkable 47% Rise in Q2 Net Profit, Boosted by Strong Sales Growth
In a significant stride forward, Tata Groups retail arm, Trent Ltd, recorded an impressive 46.9% surge in its consolidated net profit, reaching Rs 335.06 crore for the second quarter ending September 2024.
Read MorePost Title - Mankind Pharma Surges Post-Q2 Results: Is There Still Room for Growth
Mankind Pharma saw its stock rise over 6% to reach a record high of Rs 2,882.75 following the announcement of strong Q2 results.
Read MorePost Title - Waaree Energies Skyrockets 149% Post-IPO; BSE, NSE Seek Clarification Amid Market Volatility
Waaree Energies Ltd has captured significant investor interest, as its stock price reached a record high of Rs 3,740.75, reflecting a 148.89% increase from its IPO price of Rs 1,503.
Read MorePost Title - Tata Steel Q2 FY25: Profit Rebounds to Rs 833 Crore Despite Revenue Dip
In the September 2024 quarter (Q2 FY25), Tata Steel reported a significant recovery with a consolidated net profit of Rs 833.45 crore, a major turnaround from the Rs 6,196.24 crore loss it faced in the same period last year.
Read MorePost Title - Trumps Comeback: Implications for Indias Stock Market, Economy, and Trade
Economy, and Trade With former U.S. President Donald Trump on the verge of reclaiming the White House, Indian market analysts and economic strategists are closely examining the potential impacts of his leadership on India’s economy.
Read MorePost Title - Government to Sell 2.5% Stake in Hindustan Zinc, Aiming to Raise Rs 5,900 Crore
The Central government announced plans to sell a 2.5% stake in Hindustan Zinc Limited (HZL) through an Offer for Sale (OFS) beginning Wednesday, November 6.
Read MorePost Title - Waaree Energies Shares Surge 131% Since IPO, Market Momentum Shows No Signs of Slowing
Recently-listed solar power company Waaree Energies Ltd saw its shares continue an impressive rally on Tuesday, with prices surging 19.52% to reach an all-time high of Rs 3,570.95.
Read MorePost Title - Swiggy IPO: Key Details, Grey Market Trends, and What Investors Need to Know
Swiggy is set to launch its highly anticipated Initial Public Offering (IPO), with the price band for its shares fixed between Rs 371 to Rs 390.
Read MorePost Title - Weekly Market Outlook: Key Triggers and Events Shaping the Stock Market
The upcoming week is packed with critical events and economic indicators that could significantly impact the stock market.
Read MorePost Title - Indias October GST Collection Hits Rs 1.87 Lakh Crore, Marking Second-Highest Monthly Total
Indias GST revenue in October 2024 soared to Rs 1.87 lakh crore, an 8.9% year-on-year increase, as reported by the Ministry of Finance on November 1.
Read MorePost Title - Muhurat Trading 2024: Sensex Surges as Nifty Breaks 24,300; Poly Medicure, BASF Lead Gainers
In a festive start to Samvat 2081, Indias stock markets closed in green during the special Muhurat Trading session on Diwali.
Read MorePost Title - Banco Products Set to Consider 1:1 Bonus Issue and Announces Rs 20 Dividend, Stock Soars 6.78%
Shares of Banco Products (India) Ltd, a small-cap company in the auto ancillaries sector, jumped by 6.78% after the announcement of an upcoming board meeting to discuss the issuance of bonus shares.
Read MorePost Title - Reliance Industries Surprises Investors with Massive 1:1 Bonus Allotment on Dhanteras
On the auspicious day of Dhanteras, Reliance Industries (RIL), Indias largest oil and gas company, made waves in the stock market by allotting nearly 676.62 crore equity shares to its shareholders as part of a 1:1 bonus issuance.
Read MorePost Title - Elcid Investments Becomes India’s Most Expensive Stock with Unbelievable 6.7 Million Percent Surge
Shares of Elcid Investments recently skyrocketed by an astonishing 6.7 million percent in a single trading session, pushing the stock price to Rs 2.36 lakh per share.
Read MorePost Title - Voltas Stock Surges 100% in One Year: Can This Tata Giant Keep Up the Momentum Post-Q2?
Voltas Ltd has seen a stellar performance over the past year, with its share price doubling. In Q2 of FY25, Voltas reported a solid 14.2% increase in revenue, driven by strong sales in its Unitary Cooling Products (UCP) segment.
Read MorePost Title - Samvat 2081: Are Defence and Railway PSU Stocks Ready for a Rebound? Diwali Picks for Nifty and Small Cap Investors
The last 18 months have seen remarkable performance in India’s stock markets, with the Sensex and Nifty each climbing nearly 50% and broader indices soaring over 70%.
Read MorePost Title - Alphabets Strong Q3 Cloud Growth: A Boon for Indian IT Giants like Infosys, TCS, and HCL Tech
Alphabets impressive 35% year-on-year growth in its cloud segment for Q3 has sparked optimism for Indian IT firms.
Read MorePost Title - ICICI Bank Exceeds Q2 Expectations with 14.5% Profit Growth and Strong NII Gains
ICICI Bank reported its second-quarter results on October 26, showcasing a robust 14.5% increase in net profit, reaching Rs.11,745.9 crore.
Read MorePost Title - Indias Economic Outlook: Inflation to Ease by Q4 Amid Geopolitical and Climate Risks, Says RBI Governor Das
In a recent address, Reserve Bank of India (RBI) Governor Shaktikanta Das provided insights into Indias inflation and growth prospects.
Read MorePost Title - Oil Prices Surge Amid Middle East Tensions and US Election Uncertainty
Global oil prices ended the week on an upward trend, gaining 4% over the past five days due to escalating conflict in the Middle East and investor caution surrounding the upcoming U.S. presidential election.
Read MorePost Title - Yes Bank Q2 Results 2024: Net Profit Jumps 10%, Total Income and Asset Quality Improve
Yes Bank reported strong financial results for the second quarter of FY2025, showcasing growth across several key metrics, including net profit, total income, and improvements in non-performing assets (NPA).
Read MorePost Title - Weekly Market Wrap-Up: Record Gold Prices, Massive FII Sell-Off, and Earnings Reports Define the Week
This week saw major shifts across Indian markets, with record highs in gold prices and a historic sell-off by foreign institutional investors (FII).
Read MorePost Title - Oracle Financial Services Q2 Earnings Surge: Net Profit Soars by 38%, Revenue Rises 16%
Oracle Financial Services Software Ltd. (OFSS) has reported impressive financial performance for the second quarter ended September 30, 2024, reflecting robust growth in both revenue and profitability.
Read MorePost Title - Israel-Iran Tensions Ease: Oil Prices Likely to Dip as Market Calms
Oil prices are projected to dip on Monday after Israel’s recent airstrikes on Iran did not impact critical energy infrastructure.
Read MorePost Title - Global Funds Shift Focus to India Amid Market Unrest
As global financial markets face increasing volatility, India has emerged as a haven for investors seeking stability.
Read MorePost Title - Market Woes: Top Companies Lose Over Rs 2 Trillion in Market Value Amid Q2 Earnings Struggles
Indian equity markets saw significant losses last week as nine of the top ten most valued companies witnessed a steep decline in market capitalization, shedding a cumulative Rs 2.09 trillion.
Read MorePost Title - Portfolio Choice
Nippon Life India Asset Management (NAM), formerly known as Reliance Nippon Life India Asset Management.
Read MorePost Title - Poised to emerge a behemoth in aerospace, defence
This fortnight, we have picked a unique company as the Fortune Scrip.
Read MorePost Title - Foray into drones and EVs
Ahmedabad-based Vivanta Industries (BSE: 541735) provides consultancy and turnkey solutions for projects
Read MorePost Title - Upbeat on long term growth despite current headwinds
Notwithstanding the current challenging global environment, the long-term growth prospects for BASF India are highly promising
Read MorePost Title - Festival tailwinds will boost demand
In a fast-spaced changing market such as India, Hindustan Unilever needs to evolve with the emerging trends
Read MorePost Title - JV with world leader in silver contacts
New Delhi-headquartered Shivalik Bimetal Controls, which has its plant in Solan, Himachal Pradesh.
Read MorePost Title - Market syncs with India Inc
Despite the recent one-day December-20 meltdown in the Indian stock market.
Read MorePost Title - Food inflation causing concern
It is unfortunate that at a time when several indicators of the Indian economy have turned favourable, the rising trend in consumer food price inflation is causing concern.
Read MorePost Title - December 2023 Combined Issue
It is unfortunate that at a time when several indicators of the Indian economy have turned favourable.
Read MorePost Title - Wins Rs 3,640 mn TN power contract
Salasar Techno Engineering Ltd (STEL) (BSE: 540642, NSE: SALASAR), engaged in manufacturing large and heavy steel structures.
Read MorePost Title - Company to issue 1:1 bonus shares: Plans Rs. 100-cr. Fund-raising drive
Integra Essentia Limited, a prominent player in the business of Life Essentials, at its board meeting on November 27.
Read MorePost Title - Burmans’ plans for Religare in limbo
The Religare Enterprises board has rebelled against the open offer of Rs 235 a share by the Burman family and says the company is undervalued by the Burmans.
Read MorePost Title - Jindal dreams of e-car foray
63-year-old Sajjan Jindal is dreaming big of entering the Indian car market in association with Saic Motor Corporation of China.
Read MorePost Title - Adani adds data center to its kitty
The Adani group is making big inroads in the data centre business and will take on existing players.
Read MorePost Title - KKR, Apex Partners, Bain Capital in race toTake over Adani Wilmar
Private equity firms KKR, Apax Partners and Bain Capital have joined the race to buy out a 51 per cent stake in Adani Wilmar — an equal stake joint venture between Wilmar International of Singapore and the Adani group.
Read MorePost Title - Portfolio Choice
TD Power Systems (TDPS) is one of the world’s leading manufacturers of AC generators.
Read MorePost Title - CIL’s fortunes undergo change: Making hay while coal shines
Our readers will find it intriguing that the stock which we had recommended for disinvesting two years ago is being picked now as the Fortune Scrip for this fortnight.
Read MorePost Title - Vietnam unit to hike coffee output
TCL is Asia’s largest integrated coffee company and also the second largest exporter of instant coffee and the foremost producer of speciality coffee in India.
Read MorePost Title - Large deal wins marked Q2FY24
Q2 FY2024 was a strong quarter for the company with revenue amounting to Rs 38,994 crore, indicating a growth of 6.7 per cent yoy.
Read MorePost Title - Premium growth up 12% in Q2FY24
HDFC Life Insurance Company, the life insurance arm of the HDFC group
Read MorePost Title - Double-digit spurt in profit in H1FY24
With a record high quarterly profit in Q2 FY2024, Federal Bank has posted a strong 39 per cent spurt in net profit to Rs 1,807.56 crore in the first half of fiscal year 2024
Read MorePost Title - IT Stocks Back In Clover
Cocking a snook at doomsday talk of a recession in the US and Europe, Indian IT scrips are once again the flavour of the season among the entire spectrum of investors
Read MorePost Title - India on economic autobahn!
There is very good news from the economic front, indicating an optimistic outlook for the Indian economy for the current fiscal ending March 2024 and the next fiscal ending March 2025.
Read MorePost Title - November 2023 Second Issue
There is very good news from the economic front, indicating an optimistic outlook for the Indian economy for the current fiscal ending March 2024 and the next fiscal ending March 2025.
Read MorePost Title - IPO fund raising drops by 26% in 1H 2023-2024
Thirty-one Indian corporates raised Rs 26,300 crore# through main board IPOs in the first half of 2023- 24
Read MorePost Title - Portfolio Choice
A Navratna PSU unit under the Ministry of Steel, NMDC, the single largest producer of iron ore in the country
Read MorePost Title - Small cap IT stock with multibagger potential
This fortnight we have decided to change track in picking the Fortune Scrip. Instead of a wellestablished company
Read MorePost Title - Rs. 63,000-cr. Pact with BPCL to supply propane
In a significant move to secure availability of feedstock for its petrochemicals production
Read MorePost Title - Aditya Birla Capital Loans at Rs 1 lakh crore; retail/SME share up
The overall loan book of Aditya Birla Capital, the financial arm of the Aditya Birla group
Read MorePost Title - Kirloskar Oil Engines 19% sales growth in 1H 2024
Maintaining that the company has shown steady growth during Q2 FY2024
Read MorePost Title - TCS Strong deal wins, robust order book
TCS has put up a robust performance during Q2 FY2024, which reflects the strength and demand for the company’s services.
Read MorePost Title - Mahanagar Gas Limited Firing Indias Eco Dream
In keeping with the government’s vision and the country’s tryst with becoming the world’s third largest economy by 2030.
Read MorePost Title - Economy bucks global slide
The new Vikram Samvat 2080 has started on a cheerful note for the Indian economy.
Read MorePost Title - November 2023 First Issue
The new Vikram Samvat 2080 has started on a cheerful note for the Indian economy.
Read MorePost Title - Portfolio Choice
TVS Srichakra, headquartered at Madurai in Tamil Nadu, is one of Indias leading manufacturers and exporters of two- and three- wheeler as well as off-highway tyres.
Read MorePost Title - Game-changing move in gold
With a second tranche of Rs 34.20 crore recently, DGML has availed a Rs 50-crore loan from Ardent Steel Pvt Ltd, which is a Hira group company.
Read MorePost Title - Helping SMEs to fast-track growth
In the fiercely competitive world of business, small and medium-sized enterprises (SMEs) in India find themselves constantly striving for efficiency and productivity.
Read MorePost Title - FY 2024 starts on buoyant note: Declares 20% dividend for FY 2023
There is good news for shareholders of Servotech Power Systems, a prominent innovative manufacturer specializing in EV chargers and solar solutions.
Read MorePost Title - Financials double in Q2FY24
GG Engineering Ltd (BSE: 540614), a leading player in infrastructural and structural steel.
Read MorePost Title - Market in a Bear Phase Where to Invest in Samvat 2080
Just when one thought the situation couldn’t get worse for global trade and national economies from the ongoing Russia-Ukraine conflict.
Read MorePost Title - Inflation dampens Diwali spirit
In the run-up to the fast-approaching Diwali festival, the monster of inflation has once again raised its ugly head.
Read MorePost Title - October 2023 Combined Issue
In the run-up to the fast-approaching Diwali festival, the monster of inflation has once again raised its ugly head.
Read MorePost Title - Riding global demand for OFCs
HFCL, a leading technology enterprise with operations in manufacturing high-end telecom equipment, optical fibre
Read MorePost Title - Portfolio Choice
Secunderabad (Telangana)-headquartered Premier Explosives Ltd
Read MorePost Title - In fast lane of depository services: Riding demat side of market boom
Instead of looking at ‘regular’ corporate entities, this time we have decided to track a new and unique segment where there are only two players and only one of them is listed on a recognized stock exchange.
Read MorePost Title - Will GLS holders bite Nirma carrot ?
In just over two years of listing its subsidiary, Glenmark Life Sciences (GLS), on NSE and BSE.
Read MorePost Title - Agarwal’s demerger route red-flagged
Anil Agarwal announced a vertical split of different businesses into six different entities in the group’s pursuit of ‘unlocking value’.
Read MorePost Title - Loan row delays Zee-Sony merger
Sony Corporation of Japan is expecting a delay in the merger of its India business with Zee Entertainment Enterprises due to litigation over a loan default by Zee’s promoters.
Read MorePost Title - RIL Retail listing early next year, Jio in 2025
Reliance Retail will be listed by next year at a valuation of $100 bn.
Read MorePost Title - Abu Dhabi fund ‘loves’ Adani!
Abu Dhabi-based IHC has increased its stake in the Adani group’s flagship incubator Adani Enterprises
Read MorePost Title - Carbon black the new gold
Farfrom being the most visible or glamorous segment of India’s economy, the domestic carbon black segment is growing by leaps and bounds on the back accelerating growth in automobiles
Read MorePost Title - Soaring GST, suffering citizen
It is ironic that while the government’s revenues are shooting up with GST and other taxes even on the common man’s fare like milk
Read MorePost Title - September 2023 Second Issue
t is ironic that while the government’s revenues are shooting up with GST and other taxes.
Read MorePost Title - Boom time for wires & cables
With its all-pervasive presence in all sectors of the Indian economy, the domestic wire and cable market is projected to reach a humongous Rs. 1000 billion within the next decade.
Read MorePost Title - Mega plan for lithium-ion cells
Exide Industries (EIL) is setting up India’s first giga plant to manufacture lithium-ion battery cells of advanced chemistry and an associated project near Bengaluru with an investment of Rs 6,000 crore.
Read MorePost Title - FY23, best-ever year for financials: Enters Rs 1,000-cr mkt. cap league
Lincoln Pharmaceuticals Limited, one of India’s leading healthcare companies
Read MorePost Title - Rs. 14.50 cr. raised from anchor investors: IPO to close on Sept. 20
Cellecor Gadgets, a consumer electronics brand, has come out with its initial public offering (IPO)
Read MorePost Title - Shruti Varma to direct ‘Vrindavan’
In a thrilling collaboration, GI Engineering Solutions Limited (its name being changed to ‘Teamo Productions HQ Ltd’ to reflect its business activities more appropriately as per the contemporary business environment
Read MorePost Title - Leading player in South India gem scene: All set for its IPO launch on Sept. 22
Set to launch its IPO, Manoj Vaibhav Gems ‘N’ Jewellers Limited, a leading regional jewellery brand in South India with a presence in the micro markets of Andhra Pradesh and Telangana.
Read MorePost Title - Gearing up to reach one billion tonne mark
Coal India, a Maharatna coal mining corporate, today is the single largest government-owned coal producer in the world.
Read MorePost Title - Growth flies on defence needs : 7-year aim of 30% CAGR profit
Of late, defence has emerged as a sunrise sector on the Indian stock exchanges.
Read MorePost Title - Portfolio Choice
LTI Mindtree is an L&T group Indian multinational information technology services and consulting company.
Read MorePost Title - Torrent ‘power’ play to buy Cipla
Torrent is all set to acquire Cipla at a total valuation of Rs 1.1 trillion. Of this, Torrent will buy the stake of the Cipla promoters for Rs 36,500 crore.
Read MorePost Title - Tata, Piramal lose taste for real estate
Tata and Piramal are planning to exit the residential real estate business to focus on the commercial space.
Read MorePost Title - Titan eyes acquisition of CaratLane
For the first time, Tata group company Titan is planning to raise funds via bonds worth Rs 3,000 crore and is in talks with banks.
Read MorePost Title - Dil maange more JSW’s take-over plans
JSW plans to acquire a cement company in India, a coal company in Canada for $ 8 billion and a car company for $ 1.5 billion.
Read MorePost Title - How fair is BCI’s ‘foreign’ tilt?
Much to the utter astonishment and intense chargin of the Indian legal fraternity, the Bar Council of India (BCI) has, in a path-breaking development, allowed foreign lawyers and law firms to practise foreign law in India.
Read MorePost Title - September 2023 First Issue
Much to the utter astonishment and intense chargin of the Indian legal fraternity.
Read MorePost Title - IS WORST OVER FOR IT SECTOR?
In a sudden — and seemingly inexplicable — turnaround, Indian IT stocks have started rising again from very recent troughs as investors ranging from FIIs to HNIs have rediscovered their yen for the infotech space.
Read MorePost Title - Healthfarm spreads its wings: Rs. 100 ml. new unit coming up
Jalandhar (Punjab)-headquartered Healthfarm Nutrition, India’s leading provider of bodybuilding and sports nutritional supplements
Read MorePost Title - Sell-off fever by DIIs, HNIs Profits preferred to holdings
After rising for 6 quarters in a row, from 22.40 per cent as on September 30, 2021 to 25.73 per cent as on March 31
Read MorePost Title - New fiscal starts on buoyant note: Bags fresh orders worth 320 million
GG Engineering, a leading player in infrastructural & Structural steel, and Engineering products industry
Read MorePost Title - Mining success from minerals
Believe it or not, this fortnight we have selected a PSU as the Fortune Scrip.
Read MorePost Title - Cutting-edge player in EVs
Servotech Power Systems, a well-known manufacturer of EV chargers and solar products, is diversifying into the manufacture and trading of batteries.
Read MorePost Title - Century-old Basmati rice legacy
Jammu & Kashmir-headquartered the BSE and NSE listed Sarveshwar Foods Ltd (BSE: 543688, NSE: SARVESHWAR)
Read MorePost Title - Portfolio Choice
Chennai-headquartered TTK Prestige is a leading, and the most popular, player in the segment of kitchen and home appliances.
Read MorePost Title - Foreign bid to scuttle Adani’s Dharavi plan
A little-known company based in the Seychelles, called Seclink Technologies, has moved the Bombay High Court against the award of the Dharavi redevelopment project to the Adani group.
Read MorePost Title - Tata’s e-commerce dreams in tatters
Tata Unistore, an e-commerce company which sells under the ‘Tata Cliq’ brand and merged with Tata Digital, has made a huge loss.
Read MorePost Title - RIL ‘insures’ its ‘Future’!
Even as Mukesh Ambani did not participate in the race to buy Reliance Capital, the Hinduja group has won out.
Read MorePost Title - RBI cocking snook at food inflation?
RBI Governor Shaktikanta Das can read the ‘signals’ from New Delhi better than previous governors.
Read MorePost Title - Taking US downgrade in our stride
Over a fortnight ago, New York headquartered Fitch Ratings sent shockwaves through the financial world when it unexpectedly downgraded the United State’s credit rating from AAA to Aa+.
Read MorePost Title - August 2023 First Issue
Over a fortnight ago, New York headquartered Fitch Ratings sent shockwaves through the financial world when it unexpectedly downgraded the United State’s credit rating from AAA to Aa+.
Read MorePost Title - BOOMTIME ON THE TRACKS
Anyone who is familiar with India’s progress over the years will say without a moment’s hesitation that the Indian Railways is the backbone of the country’s economy.
Read MorePost Title - No clarity on Corporate Guarantees
Ajay Kumar Vij, Ludhiana: We have been issued a show cause notice under GST.
Read MorePost Title - Power pioneer with vast footprint
Among the companies belonging to the illustrious House of Tatas.
Read MorePost Title - Riding yen for e-charging points
Servotech Power Systems Ltd. (SPSL), a manufacturer of EV chargers and solar products.
Read MorePost Title - Portfolio Choice
Noida-headquartered Ksolves India is a small cap (market cap Rs 1,000 crore) information technology company.
Read MorePost Title - Nirma’s $ 1 bn bid for Glenmark unit
Detergent major Nirma is leading the race to buy Glenmark Life Sciences for close to a billion dollars.
Read MorePost Title - What’s Ambani’s plan for RIL shareholders?
All eyes will be on the next annual meeting of shareholders of Reliance Industries.
Read MorePost Title - Joyless year for investment banks
The year 2023 is turning out to be a bad year for the investment banking community.
Read MorePost Title - Adani gets Dharavi ‘makeover’ nod
The Maharashtra government has finally given its consent to the Adani group to redevelop Dharavi into a swanky town within Mumbai.
Read MorePost Title - Alarm bells on red-hot market
The Indian stock market is fanning extremely bullish behaviour. The sentiment is so buoyant that the benchmark indices are almost daily in search of new high levels.
Read MorePost Title - July 2023 First Issue
The Indian stock market is fanning extremely bullish behaviour.
Read MorePost Title - 7 Little Known Stocks with high potential
The market dip of 2022 has faded from memory as the new year sees listed companies’ fortunes boom on Indian bourses.
Read MorePost Title - Limits of Legal Metrology Act Summons cannot be ad hoc
Suresh Deshpande, Mumbai: There have been instances in our company that, now and again, Legal Metrology officers visit the premises and issue notices in the name of the Board Members.
Read MorePost Title - IPO to fund tech growth plans
Ahmedabad (Gujarat)-based Tridhya Tech Ltd., a software development company which entered the market on June 30.
Read MorePost Title - Smorgasbord of IT services Outsourcing ITeS for clients
Sylph Technologies Ltd provides offshore outsourcing, software development outsourcing, custom application development, outsourced product development, e-commerce and wireless/mobile solutions.
Read MorePost Title - Global yen for its buffalo meat
HMA Agro Industries, the flagship of the HMA group, one of the largest food trade organisations for handled food and agro products and the first publicly-listed frozen buffalo meat exporting company on Indian stock exchanges.
Read MorePost Title - Riding infra demand for cement
Udaipur Cement Works (UCWL) is a 72.54% subsidiary of JK Lakshmi Cement (JKLC), which is its flagship company and a part of the JK organisation.
Read MorePost Title - Legacy name in urban infra
ITD Cementation, having roots dating back to the preIndependence era in 1931 as a subsidiary of The Cementation Company Ltd (UK) of the Trafalgar House group
Read MorePost Title - Heading for transformation, rerating
For this fortnight, we have selected Jindal Steel and Power as the Fortune Scrip.
Read MorePost Title - Portfolio Choice
Incorporated in 1947, Udaipur-registered and Gurgaon-headquartered PI Industries focuses on developing complex chemistry solutions in agri-sciences with an integrated approach.
Read MorePost Title - TPCL’s strategic sales to fund solar cell unit
Tata Power is selling its overseas assets to raise Rs 2,500 crore. These assets include hydro power assets in Zambia and two coal mines in Indonesia.
Read MorePost Title - Rural cloud over capex plans of India Inc
India Inc is planning to increase its capital expenditure in the next few months.
Read MorePost Title - Jio Bharat phone to spell finis for Voda Idea?
Reliance Jio announced the launch of the Jio Bharat phone at a price of Rs 999 (non-refundable) with entry-level plans of Rs 123 for 28 days and Rs 1,234 for 365 days.
Read MorePost Title - Jinxes vaccine unit of strides: Sold to Biocon
The first casualty of the ‘vaccine wars’ is an Indian company.
Read MorePost Title - Inflation down: end dear money policy stance
There is good news on the economy front. The latest announcement from the Union Ministry of Statistics and Programme Implementation reveals that India’s retail inflation.
Read MorePost Title - June 2023 Second Issue
There is good news on the economy front. The latest announcement from the Union Ministry of Statistics and Programme Implementation reveals that India’s retail inflation.
Read MorePost Title - Artificial Intelligence Boon or Bane?
No more a subject of scientific speculation, Artificial Intelligence is new, well and truly in our midst as a technology with a mind-boggling variety of functions and uses, with serious implications that are positive or negative for humankind.
Read MorePost Title - Moving on growth path: On a debt-erasing mission
New Delhi-headquartered Vikas Ecotech, engaged in the business of speciality polymers.
Read MorePost Title - All growth indices up in FY 2023
New Delhi-headquartered Hi-tech Steel Pipes, a leading steel processing company which makes world-class innovative products with a strong presence in steel pipes.
Read MorePost Title - Riding expertise in telecom towers: Scorecard: 50,000 telecom towers
The New Delhi-based, home-grown Salasar Techno Engineering (STEL) is going from strength to strength.
Read MorePost Title - All set to hit its first century by 2030
Since its inception over three decades ago, the Pride hotel group has gone from strength to strength and now boasts of 56 top-of-the-line hotel assets across the country.
Read MorePost Title - Darling of marquee investors Wisely is its business trump card
For this fortnight, we have selected a unique information technology company which is a leading player in cloud communications.
Read MorePost Title - Smorgasbord of speciality chem
Incorporated in 1987, Himadri Speciality Chemicals Ltd is an undistputed market leader and a prominent player in multiple speciality carbon product segments like Coal Tar Pitch.
Read MorePost Title - Portfolio Choice
Vadodara (Gujarat)-based Voltamp Transformers is a key player in the transformer manufacturing space with a 15 per cent domestic marketshare.
Read MorePost Title - VI-BSNL merger can break telecom duopoly
The government is considering a plan to merge Vodafone Idea, in which it holds a 33 per cent stake, and BSNL.
Read MorePost Title - Adani comeback is windfall for LIC
After the disastrous Hindenburg Research report, which had administered a body blow to the Ahmedabad-based Adanis.
Read MorePost Title - Why foreign honchos love Indian monsoon!
Almost all top CEOs based overseas are keeping an eye on the Indian monsoon. Whether it is the CEO of Maruti Suzuki in Tokyo or the top honcho of Unilever in London or the PepsiCo CEO in the US.
Read MorePost Title - Dalmia getting Ready for ‘cement’ war
Dalmia Bharat shares are on fire after former Infosys CFO Rajiv Bansal joined as Senior Executive Director to perform as Chief Transformation Officer.
Read MorePost Title - Don’t shoot the AI ‘messenger’
Artificial Intelligence — which is the replication of human intelligence functions by machines, particularly computer systems — is evolving at a fast pace
Read MorePost Title - June 2023 First Issue
Artificial Intelligence — which is the replication of human intelligence functions by machines.
Read MorePost Title - Fertile outlook for Fertilizer Stocks
Poison of one economy is another economy’s meat! Shrinking global supplies of fertilisers due mainly to the Russia-Ukraine
Read MorePost Title - Mr Olympia graces Healthfarm nutrition event
It was a unique gathering organized by Healthfarm, a leading health and wellness corporate entity
Read MorePost Title - HR’s key role in corporate sustainability Key to better bottomline and image
Sustainable business practices improve the bottomline of a company and HR managers leverage
Read MorePost Title - Key player in financial services On the fast track of growth
Abans Holdings Limited, a leading diversified financial services company, announced a strong financial performance for the fourth quarter as well as for fiscal year 2023.
Read MorePost Title - Four sureshot scrips for investment
Aditya Birla Capital’s (ABCL) lending businesses have shown an accelerated growth momentum (+40% YoY)
Read MorePost Title - Solar Industries Explosive growth in explosives
For this fortnight we have selected a company as the Fortune Scrip which is not only doing very well but has tremendous growth prospects going ahead.
Read MorePost Title - Portfolio Choice
Vadodara (Gujarat)-headquartered Deepak Nitrite is a leading speciality chemicals company that manufactures advanced intermediates and phenolics.
Read MorePost Title - Zee-Sony merger deadlock on dues
The Zee-Sony merger to create a $10 bn entertainment giant in India is in deep trouble with JC Flowers moving the NCLT to seek its dues.
Read MorePost Title - Adani ‘weathers’ Hindenburg
Within four months of a bogus Hindenburg Research report which led to a massive fall in Adani group shares.
Read MorePost Title - Bleak future awaits Shapoorji Pallonji SOS to Tatas?
The Shapoorji Pallonji group is in deep financial trouble over its debts.
Read MorePost Title - Markets sanguine to BJP’s Karnataka loss
With the Congress winning Karnataka, all eyes are on next year’s general elections when the BJP will be seeking a third term under the leadership of Prime Minister Narendra Modi.
Read MorePost Title - Tughlaqian fiat on Rs 2,000 notes
The government’s Rs 2,000 bank note fiat has shocked and surprised one and all.
Read MorePost Title - May 2023 First Issue
The government’s Rs 2,000 bank note fiat has shocked and surprised one and all.
Read MorePost Title - Conference on future of marketing Sneak peek into marketing’s future
Upstream Business Solutions is proud to announce the India International Elevate Marketing Summit: iiEMS 2023, a one-day conference scheduled for Friday, May 19, 2023, at the Four Seasons Hotel, Worli, Mumbai.
Read MorePost Title - Output Down, Stocks Soar
A mix of seeming contrasting developments augurs well for a hitherto down-in-the-dumps domestic sugar industry.
Read MorePost Title - From sugar to bio-fuels
Dhampur Bio Organics (DBOL), the demerged entity of Dhampur Sugar Mills with a legacy of 90 years, got separately listed on both NSE and BSE recently.
Read MorePost Title - Bagging US$ 8 million Kenyan order
The leader in the business of trading all kinds of paper and stationery, IFL Enterprises has secured export orders from a Kenyan company.
Read MorePost Title - Financial profile in fine fettle
The stock price of leading Ahmedabad-based pharmaceutical company Lincoln Pharmaceuticals has gained more than 20% in a month with high volumes.
Read MorePost Title - Leader in speciality carbon products
Incorporated in 1987, Himadri Speciality Chemicals Ltd is an undistputed market leader and a prominent player in multiple speciality carbon product segments like Coal Tar Pitch.
Read MorePost Title - Power of steel and innovation
This fortnight, we have selected a fundamentally sound, financially strong, efficiently managed and growth-oriented company – one which has the ability to grow at a faster pace than its peers — as the Fortune Scrip.
Read MorePost Title - Portfolio Choice
Mumbai-headquartered Galaxy Surfactants is a multinational speciality chemicals company that produces non-anionic
Read MorePost Title - Zee in hurry to close Sony deal
The Zee group is taking several steps to repay lenders like IndusInd bank and others so as to merge its operations with Sony.
Read MorePost Title - ToI’s Jains on collision course
The owners of The Times of India group, Samir Jain and Vineet Jain, are having a serious difference of opinion on how to run the media conglomerate and are reportedly planning to buy each other out.
Read MorePost Title - Tatas mull Lanka airline purchase
The Sri Lankan media has reported that their government has approached the Tata group to sell 49 per cent stake in Sri Lankan Airlines.
Read MorePost Title - BIRLA, RELIANCE IN HIGHFASHION WAR
Within months of Reliance Industries buying Metro Cash and Carry, the Aditya Birla group acquired TCNS Clothing.
Read MorePost Title - BCI’s ‘boost’ for foreign lawyers!
Much to the utter surprise and intense chagrin of the Indian legal fraternity, the Bar Council of India (BCI) has decided to give a green signal to foreign law firms to handle international arbitration cases in India.
Read MorePost Title - April 2023 Second Issue
Much to the utter surprise and intense chagrin of the Indian legal fraternity.
Read MorePost Title - Speciality Chemical Down, But Not Out
Not unlike their global counterparts, Indian speciality chemicals stocks.
Read MorePost Title - Fundraising stuttered in FY 22-23
As the primary capital market was in a very bad shape during the last fiscal year ended March 2023.
Read MorePost Title - PSU on jet-like growth path
Hindustan Aeronautics (HAL) recently inaugurated the third production line of the TEJAS MK-1A fighter jet, which is expected to increase annual production capacity of the plane from the earlier 16 to 24.
Read MorePost Title - Riding ‘green’ concrete wave
Incorporated in 2015, BigBloc Construction Ltd is one of the largest companies, and the only listed one, in the AAC block space.
Read MorePost Title - Riding global yen for Basmati
LT Foods is one of the most renowned Basmati rice players not only in India but also in the US and EU markets.
Read MorePost Title - Windfall arbitration gain of Rs 900 cr
Vide its board resolution of June 15, 2022, BSE-NSE listed Lloyds Metals and Energy (LMEL) allotted six crore zero interest optionally fully convertible debentures (OFCDs) to Sunflag Iron & Steel Co (Sunflag).
Read MorePost Title - Wizard of health supplements Riding sports nutrition bandwagon
Boosted by our current age’s fitness craze cutting across all income groups, a new star is rising on the global health-and sports nutrition biz horizon.
Read MorePost Title - Vendor of choice to global clients
The unprecedented rush for speciality chemical stocks witnessed during fiscal 2021 and the early part of 2022 is suddenly over and almost all leading speciality chemical stocks have tumbled down from their unbelievable heights.
Read MorePost Title - Portfolio Choice
Bajaj Finserv, the financial arm of the prestigious industrial house of Bajaj, is a financial conglomerate that is engaged in life insurance, general insurance, consumer finance and other financial products.
Read MorePost Title - UK debt cloud over Vedanta
The Vedanta group is drying up its Indian companies by seeking higher dividends from them.
Read MorePost Title - Junior Birlas’ yen for fine dining biz
A new generation of leaders is taking over key positions in the Aditya Birla group and they are keen to enter new business segments to prove their mettle.
Read MorePost Title - Infighting rocks Tata’s IT giant
The exit of TCS CEO and MD Rajesh Gopinathan has taken the entire IT industry by surprise.
Read MorePost Title - Dining unicorn in the making?
The Quick Service Restaurant (QSR) industry in India has experienced significant growth and has attracted many brands in the last 10 years.
Read MorePost Title - Unleash potential of service sector
In recent years, the service sector has emerged as the key driver of India’s export growth, driving this growth with a diverse portfolio of services ranging from travel-tourism, transport and insurance to information technology.
Read MorePost Title - April 2023 First Issue
In recent years, the service sector has emerged as the key driver of India’s export growth.
Read MorePost Title - Growing from strength to strength
The company manufactures multi-synthesis molecules such as: (a) Life science-related speciality chemicals comprising products related to agrochemicals.
Read MorePost Title - From control gear to EV chargers
A part of the 60-year-old and renowned Coimbatore-based Lakshmi group.
Read MorePost Title - One-stop shop for pipe solutions
Last September, Welspun Corp (WCL), together with its wholly owned subsidiary Nauyaan Shipyard Pvt. Ltd (Nauyaan).
Read MorePost Title - Old brand, dynamic new avatar
At a time when the domestic as well as international stock markets have been facing headwinds from geopolitical issues triggered by the prolonged Russia-Ukraine war.
Read MorePost Title - Big footprint in global markets
ZYDUS LIFE Sciences Ltd (formerly Cadila Healthcare Ltd) is one of the top Indian pharmaceutical companies. The Zydus group is headquartered in Ahmedabad.
Read MorePost Title - Portfolio Choice
Pune-headquartered KPIT Technologies is a leading global technology company and a crucial partner to the automotive and mobility ecosystem for making software-defined vehicles a reality.
Read MorePost Title - Life time achievement award for ‘Sulphur Man of India’
Deepak Shah (76), Chairman of Sulphur Mills Limited, now known as SML Limited which pioneered the development of specialized formulations that add value to agrochemicals
Read MorePost Title - One-stop solution for toxic waste
Trans Thane Creek Waste Management Association’s hazardous waste treatment storage facility, located at P-128, Mhape, is a one-stop solution for industrial toxic waste liabilities.
Read MorePost Title - New-gen talent drive its growth
Pemac — an acronynm for Project Engineering Management and Consultancy — is a leading project manufacturer, exporter and service provider for turnkey projects.
Read MorePost Title - Numero Uno in rubber chemicals
NOCIL (National Organic Chemicals Ltd.) is a part of the Arvind Mafatlal Group of Industries (AMG), a well-known business house in India with diversified business interests.
Read MorePost Title - Partner of choice to global pharma
Indoco is a fully integrated, research-oriented pharmaceutical company with a presence in 55 countries.
Read MorePost Title - Cutting-edge strategies for growth
RPG Life Sciences is an over five-decade-old pharma company that started as a joint venture with GD Searle of the US.
Read MorePost Title - The changing face of Industrial Relations in India
Industrial Relations (IR) in India had been very cordial during both ancient and medieval periods.
Read MorePost Title - Leader in Precision Machined Forgings
Headquartered in the Thane-Belapur industrial belt of Navi Mumbai, Pradeep Metals Ltd.
Read MorePost Title - Best-run CETP in Maharashtra
The Common Effluent Treatment Plant (Thane Belapur), Navi Mumbai, is one of the biggest, best- performing and professionally run CETPs in Maharashtra, having a total capacity of 27 mld.
Read MorePost Title - $ 1.3 bn. Versatile vendor to power sector
In its six-decade journey, APAR Industries has evolved into a comprehensive player in the domestic as well as global power sector with its thrust on cutting-edge R&D.
Read MorePost Title - Regaining lost paradise
One of India’s most prominent industrial zones, the 28-km-long Thane-Belapur Industrial Belt is facing a midlife crisis on account of crumbling infrastructure and official apathy
Read MorePost Title - Is foreign bear cartel gunning for Vedanta?
After the foreign attack on Adani shares, the Vedanta group is under the lens of a foreign cartel.
Read MorePost Title - Loans repayment to Adani rescue
The turnaround in Adani group stocks has come as a breather for its small shareholders.
Read MorePost Title - Ruias join bids for NMDC steel plant
Arcelor Mittal, the Tata group and the JSW group are leading the race to buy the government’s stake in the NMDC steel plant.
Read MorePost Title - Ambani steers clear of RIL debt tap
Far-sighted and enlightened industrialist Mukesh Ambani, Chairman and MD of Reliance Industries, realised quite early about the perils of high debt.
Read MorePost Title - Shock waves of US bank collapse
The sudden and unexpected collapse of Silicon Valley Bank and Signature Bank in the US has sent shivers down the spines of the financial industry.
Read MorePost Title - March 2023 Combined Issue
The sudden and unexpected collapse of Silicon Valley Bank and Signature Bank in the US has sent shivers down the spines of the financial industry.
Read MorePost Title - Portfolio Choice
Mumbai-headquartered Tata Motors, a leading company belonging to the illustrious house of the Tatas
Read MorePost Title - Adani Brouhaha Raises Five Questions
Like Humpty Dumpty in the children’s tale, Gautam Adani and his group’s fortunes have come tumbling down after a scathing report by American short seller Hindenburg Research went for the jugular
Read MorePost Title - KKCL is Indian cricket team’s official sponsor
Kewal Kiran Clothing Limited (KKCL), the retail giant which owns brands like Killer.
Read MorePost Title - Rains dampen sugarcane output
While commenting on the production figures, Subodh Kumar Singh, Additional Secretary in the Food Ministry.
Read MorePost Title - Growing from strength to strength
Integra Essentia announced excellent results for the Q3 and nine months ended December 2022.
Read MorePost Title - Small cap that makes giant strides
With a market capitalisation of Rs 1,500 crore, Rajnish Wellness Ltd, a small-cap pharmaceutical entity, has taken giant strides in the last few years and has emerged as a pharma company to watch out for.
Read MorePost Title - Privatization will give it wings
NMDC Steel (NSL), also known as Nagarnar Steel Plant, is coming up with a 3-million tonne per annum steel plant in Chhattisgarh state at an investment of Rs 20,000 crore by its parent organization and India’s largest iron ore giant.
Read MorePost Title - On glass-lined equipment roll
HLE Glascoat is an NSE-BSE listed leading company engaged in the manufacturing of chemical process equipment. Its key product segment has been filtration and drying equipment.
Read MorePost Title - Adani worsens LIC stock slide
Surprisingly, in LIC stock, mutual funds, banks and foreign portfolio investors hold a minuscule 0.66%, 0.11% and 0.17% respectively.
Read MorePost Title - Tasty prospects for investors
ADF Foods was started in 1932 as a small retail store selling dry fruits and nuts under the name ‘American Dry Fruit Stores’ in Mumbai, from where it gets its current name, ADF Foods Ltd.
Read MorePost Title - Aiming for bigger B2C pie - Ticking all growth boxes
At this juncture, stock markets are uncertain and volatile in nature, mainly on account of the prolonged Russia-Ukraine conflict and fears of recession in the US and European economies.
Read MorePost Title - Consumption can boost GDP
There is bad news all around for the Indian economy, what with the disastrous Adani saga.
Read MorePost Title - February 2023 Second Issue
There is bad news all around for the Indian economy, what with the disastrous Adani saga.
Read MorePost Title - Portfolio Choice
Kolkata-headquartered Berger Paints India is an Indian multinational paints company ranking at second in decorative paints after Asian Paints and operating in five countries.
Read MorePost Title - Budget 2023-24 - Budget blows poll bugle
In the last full-fledged union budget of the Modi government before the 2024 general elections.
Read MorePost Title - New wings for cancer care
Mumbai Oncocare Centre (MOC), a chain of cancer daycare centres and a unit of Cellcure Cancer Centre Pvt Ltd.
Read MorePost Title - Expected to grow at 25% a year
BSE & NSE-listed Indowind Energy Ltd, engaged in developing wind farms, managing wind assets and generating green power for sale to utilities and corporations.
Read MorePost Title - Gamechanger order from Tatas
In a significant nod to its capabilities, Ultracab (India) Limited has received a mega order of Rs 22.88 crore from Tata Power.
Read MorePost Title - Multi-bagger for investors
Hi-Tech Pipes Limited (HTPL), one of India’s leading ERW pipe manufacturers and suppliers, has reported the highest- ever sales in the quarter ended December 2023.
Read MorePost Title - Riding huge Nepal, UP orders
Salasar Techno Engineering Ltd (BSE- and NSE-listed) has secured a letter of intent worth Rs 143 crore from the Nepal Electricity Authority.
Read MorePost Title - Vendor of choice to plastics industry
Vikas Ecotech Limited has announced that its R&D division is in a collaboration with King Khalid University of Saudi Arabia.
Read MorePost Title - Substantial stake in Kohinoor Foods
In line with its future-oriented growth strategy, articulated to focus on building a robust portfolio of products, Vikas Lifecare has decided to acquire a substantial stake in Kohinoor Foods by investing up to Rs 250 crore.
Read MorePost Title - Thrust on infrastructure products
BSE (542655) and NSE (VIKASLIFE)-listed Vikas Lifecare Ltd has announced that its infra project division has bagged fresh orders worth Rs 160 million for Q4FY23.
Read MorePost Title - Spreading coffee gospel globally
Vintage Coffee and Beverages Ltd (VCBL) has expanded its global footprint and is currently in a massive expansion mode, having entered the likes of Russia, the CIS countries, Africa , S-E Asia and Australia.
Read MorePost Title - Cutting-edge security solutions
Apollo Micro Systems Ltd has received a provisional allotment of land measuring 10,118 sq m for setting up.
Read MorePost Title - Thumbing nose at Morgan Stanley! Small, but blue chip in the making
Several readers have requested us to select a small- priced stock which can emerge as the Fortune Scrip going ahead.
Read MorePost Title - The Cotton Corporation of India
Awareness of sustainability and circularity issues, increase in yield and the need for change in the cotton industry, is currently the main focus of the Government of India.
Read MorePost Title - Next-gen Birlas to get biz-ready
A new generation of Birlas has joined the board of two Aditya Birla companies.
Read MorePost Title - Have Adani’s chickens come home to roost?
US short-seller Hindenberg’s research report.
Read MorePost Title - FM’s best-ever fiscal show
Three cheers for Union Finance Minister Nirmala Sitharaman! Even if her underlying motivation was linked to the forthcoming Lok Sabha elections early next year.
Read MorePost Title - February 2023 First Issue
Three cheers for Union Finance Minister Nirmala Sitharaman!
Read MorePost Title - Portfolio Choice
Indore-headquartered Rajratan Global Wire is a leading manufacturer of bead wire, a critical component used in the manufacture of tyres.
Read MorePost Title - Market Winds
A knowledgeable HNI (High Networth Investor) who is always in search of multi-baggers in small cap segment.
Read MorePost Title - Where To Invest In 2023?
With 2022’s Russia-Ukraine conflict and global inflation-cum-fears of recession spilling over into 2023, the Indian stock market.
Read MorePost Title - Steep fall in IPO fund-raising
Forty Indian corporates raised Rs 59,412 crore# through main board IPOs in calendar year 2022.
Read MorePost Title - Importance of 5 Cs of marketing
Just as important as the 4 Ps of marketing are the The 5 Cs of marketing — Company, Collaborators.
Read MorePost Title - A remarketable turnaround story in the making
SML Isuzu (formerly Swaraj Mazda Ltd) was established in 1984-85 as a joint venture of Punjab Tractor Ltd, Mazda Motor Corporation, Japan and Sumitomo Corporation, Japan.
Read MorePost Title - Global steel maker non pareil Cutting debt and dead wood
Tata Steel, a prestigious company from the illustrious industrial group of the Tatas, is an Indian multinational steel manufacturing entity.
Read MorePost Title - IRB Infrastructure: Emerging giant of road infra
The first Indian MNC in the highway construction segment, IRB Infra is one of the largest players in its field and currently has 3,500 lane km operational and 2,350 lane km under development.
Read MorePost Title - More suitors in fray for Reliance Cap
Just when Ahmedabad-based Torrent was declared the highest bidder at Rs 8,640 crore for Reliance Capital.
Read MorePost Title - Investors await Adani’s acquisition moves
The Adani group has spent close to $10 bn in acquisitions in 2022, including Ambuja, Haifa Port in Israel, and SB Energy.
Read MorePost Title - Will budget be investor and employee-friendly?
All eyes are on the Modi government’s last budget of his second term.
Read MorePost Title - Ambani plans ahead for children’s roles
With his three children – sons Akash and Anant and married daughter Isha — given specific businesses to run, one of the richest men in the world, Mukesh Ambani.
Read MorePost Title - OFS window for large investors: Boon for retail investors
The recent guidelines issued by the Securities and Exchange Board of India (SEBI), the regulator of the Indian capital market.
Read MorePost Title - January 2023 First Issue
The recent guidelines issued by the Securities and Exchange Board of India (SEBI), the regulator of the Indian capital market.
Read MorePost Title - Portfolio Choice
Dixon Technologies is an undisputed leader in the outsourced electronics manufacturing services (EMS) industry.
Read MorePost Title - Market Winds
A research analyst who concentrate on studying penny stocks favours looking at Sawaka Business Machines.
Read MorePost Title - Will Ril Do a Jio in FMCG?
The country’s largest corporate entity in terms of market cap has thrown down the gauntlet to MNC and domestic biggies in the FMCG space.
Read MorePost Title - How HR can ride Design Thinking
Brands like AApple, Google, Nike, Amazon and PepsiCo are firmly established because they have used Design Thinking to create innovative products.
Read MorePost Title - Big bet on lithiumion batteries
Amara Raja Batteries (ARBL), one of India’s leading industrial and automotive battery majors.
Read MorePost Title - Putting behind insolvency saga Back from bankruptcy brink
After climbing out of the quicksand of insolvency, thanks to a rescue effort by private investors.
Read MorePost Title - A strong investment bet stock giving bullish signal
Granules, founded in 1984, is a vertically integrated large-scale pharma company offering the entire value chain in the manufacturing of APIs.
Read MorePost Title - Pole domestic player in propylene
Some readers have complained that we always select a high-priced stock as the Fortune Scrip.
Read MorePost Title - PFC outbids Adani, Ambani for Lanco
Government-owned PFC won the mandate to acquire Lanco Amarkantak after both Adani and Ambani (Reliance Industries) made a bid for the bankrupt company.
Read MorePost Title - Watsa is front-runner for IDBI Bank bid
The Indian government is planning to wrap up the sale of IDBI Bank by early next year. The Fairfax group of Canada, owned by Prem Watsa, is expected to make a bid for the bank.
Read MorePost Title - BOB V/S NMC: NMC Healthcare’s $ 4 bn ‘sickness’!
The administrator of NMC Healthcare, a Dubai-based hospital chain earlier owned by billionaire-turned-bankrupt BR Shetty.
Read MorePost Title - Tata, Adani were big ‘shoppers’ in 2022
The year 2022 belonged to the Tata and Adani groups. Both groups went on an acquisition spree, buying rivals and merging their own companies.
Read MorePost Title - Spectre of covid to haunt again?
There are disturbing reports from several parts of the world that the coronavirus is raising its ugly head once again through different variants.
Read MorePost Title - December 2022 First Issue
There are disturbing reports from several parts of the world that the coronavirus is raising its ugly head once again through different variants.
Read MorePost Title - Portfolio Choice
Hyderabad-headquartered Coromandel International, a part of the Murugappa group, a prestigious industrial house of south India.
Read MorePost Title - Market Winds
A research analyst tracking the automotive sector in general and tyres in particular is bullish on Apollo Tyres.
Read MorePost Title - Speciality Chemicals: Going ballistic
India has never had it so good in the rarefied field of speciality chemicals.
Read MorePost Title - Ajooni Biotech - Rs 29.01-crore rights issue
Ajooni Biotech Ltd (NSE – AJOONI), a leader in animal healthcare solutions and animal feed supplements, is scheduled to open its Rs 29.01 crore rights issue on December 7.
Read MorePost Title - Taking on HUL for top FMCG slot
Consumer products companies are very much in the news since the outbreak of Covid-19 a couple of years ago and a new comer in this space – Tata Consumer Products – is making headlines of late.
Read MorePost Title - Bankruptcy’ of bankruptcy law?
Is the Modi government’s bankruptcy law a hit or a miss? That’s the debate going on in legal and corporate circles.
Read MorePost Title - Rel Cap lenders in last-ditch auction
Reliance Capital, earlier owned by Anil Ambani, has hit a road block. Bankers are not happy with the offers received by them which are valuing the company at a 70 per cent discount to the liquidation value of Rs 14,500 crore.
Read MorePost Title - Aspiring Ruias, perspiring banks!
The Ruias of the Essar group are getting ready for their second innings by investing in energy transition and investments in hydrogen.
Read MorePost Title - Endgame for Voda Idea
With the Indian government delaying its plans to pick up a 33 per cent stake in Vodafone Idea, the company is headed towards bankruptcy.
Read MorePost Title - Exports, the Cinderella child
It is really unfortunate that at a time when the Indian currency is fast depreciating against the US dollar and their respective currencies and trade deficits are widening.
Read MorePost Title - November 2022 Second Issue
Waking up belatedly after a spate of IPOs with certain disturbing trends during the last quarter.
Read MorePost Title - Portfolio Choice
TTK Prestige has emerged as one of the most prestigious players in the segment of kitchen appliances.
Read MorePost Title - Market Winds
The market agog with rumours that Vikas Eco Tech which is friendless today at around Rs. 3 is all set to climb up to Rs. 100 level.
Read MorePost Title - Tatas to do Lakme 2.0!
After Ratan Tata decided to sell the Lakme cosmetic brand in the ‘90s, the Tata group is once again re-entering the segment. The sale of Lakme now seems to have been ill-conceived, considering the billions of dollars of valuation attracted by Nykaa.
Read MorePost Title - Advent’s RCAP misadventure!
As the November-end deadline to make offers for Reliance Capital assets nears, US-based private equity fund Advent has dropped out of the bidding process for Reliance General Insurance Company (RGIC), a subsidiary of Reliance Capital.
Read MorePost Title - LIC’s romance with Indian blue chips
Life Insurance Corporation is buying additional shares in Tata group companies and has sold a 2 per cent stake in Adani Ports since October this year.
Read MorePost Title - Arcelor Mittal’s bid for SREI challenged
The sale of bankrupt SREI’s assets has hit a hurdle with forensic auditors detecting a Rs 13,100 crore hole in its books.
Read MorePost Title - Realty with iron-clad guarantee: Exceeding clients’ expectations
The Gurugram-headquartered start-up is winning over scores of clients with its thrust on trust and transparency, and providing value-added services to clients.
Read MorePost Title - Cutting edge of weapons design
Incorporated in 1973, Dynamatic Technologies (DTL) – a Bangalore-headquartered NSE-BSE listed company.
Read MorePost Title - Acquisition to double Indian capacity - Marksans Pharma
Marksans Pharma (MPL), engaged in manufacturing and marketing generic pharmaceutical formulations and with a strong global footprint, has continued its growth momentum in Q2.
Read MorePost Title - B2B SECURE, B2C GROWING
Polycab India Limited (PIL), a leading electrical brand with over Rs 122 billion in revenues.
Read MorePost Title - Bank Stocks: Happy days are here again
Happy days are back for the Indian banking sector, especially big banks, mainly as the bad dream of mounting NPAs has been dispelled by the government recapitalizing banks and creating a ‘bad bank’ to take the NPA burden off their backs.
Read MorePost Title - SEBI blinkered to IPO hype
Having lost around Rs 147,600 crore ($ 18 billion) in the IPO market during 2022, the investing public is now ultra-suspicious of the new issue market.
Read MorePost Title - November 2022 First Issue
Having lost around Rs 147,600 crore ($ 18 billion) in the IPO market during 2022.
Read MorePost Title - Portfolio Choice
Bengaluru-headquartered AstraZeneca Pharma is a subsidiary of AstraZeneca Ple UK, a $37,417 billion-insales MNC pharmaceutical giant having a portfolio of products for major diseases.
Read MorePost Title - MP emerges as tourists delight
Madhya Pradesh is a state that reflects the composite cultural and heritage of India.
Read MorePost Title - Healthy order-and-bids book: Diversifying to improve EBITDA
Man Industries (India), a BSE-NSE listed company, is the flagship company of the Man group and one of the largest players in LSAW pipes, spirally welded pipes and coating systems.
Read MorePost Title - Favoured by global pharma
The Indian speciality chemicals industry is passing through a golden period with not only domestic demand on the rise but overseas demand too steadily going up.
Read MorePost Title - Gencrest: Biotech firm drives innovation in agri sector with sustainable solutions
Being in a consumer economy is quite challenging as rising output without consideration for the environment is paving the way for a perilous future.
Read MorePost Title - Giant rivals sign no-poaching deal
Reliance Industries headed by Mr. Mukesh Ambani and the Adani group have signed a no- poaching agreement, restricting their employees from joining each other’s groups, as per media reports.
Read MorePost Title - LOANS SCAM UPTURNS RUIAS’ GREEN PLANS
The rupee’s free fall against the US currency is worrying our policy makers. Top companies are already getting ready for the rupee to sink to Rs 90 per dollar by September next year and are rushing to take forward cover.
Read MorePost Title - Dollar-debt cos in repayment soup
The Ruias of the Essar group are facing the brunt of investigating agencies with the CBI arresting Rishi Agarwal.
Read MorePost Title - Birla, Adani in cement race
Gautam Adani has concluded the acquisition of Ambuja Cements and ACC with a promise to topple Kumar Mangalam Birlaowned UltraTech.
Read MorePost Title - India Betting Big On Semiconductors
In today’s automated world, any country that aspires to be a global power needs to have a strong semiconductor manufacturing base.
Read MorePost Title - On cusp of becoming chip hub
The Narendra Modi government is not only determined but very sincere in its desire to make India a global semiconductor manufacturing hub.
Read MorePost Title - September 2022 Second Issue
The Narendra Modi government is not only determined but very sincere in its desire to make India a global semiconductor manufacturing hub.
Read MorePost Title - Bagging Major Orders
Integra Essentia Limited (NSE: ESSENTIA) recently received orders amounting to Rs 12 crore for supplying steel ingots to prestigious infrastructural (TOR and TMT) steel manufacturers in North India.
Read MorePost Title - CG POWER & INDUSTRIAL SOLUTIONS CG XMB pumps: Reliable design at affordable price
CG Power and Industrial Solutions Ltd. Is a versatile and diverse portfclio products, solutions and services for power and industrial equipments and solutions, addressing myriad needs.
Read MorePost Title - Portfolio Choice
Kerala-based Muthoot Finance is India’s largest gold financing NBFC, with gold loan assets under management (AUM) of over Rs 60,000 crore.
Read MorePost Title - Taking digital marketing global
The Brightcom group has gained a global footprint through the acquisition route.
Read MorePost Title - ICE MAKE REFRIGERATION: Pole player in cold storage
Ice Make Refrigeration’s excellence in providing cold storage solutions for various rsequirements has made it a hit with top clients both in India and overseas.
Read MorePost Title - Dr. Hiten Mehta: Man with financial healing touch
Founder of Bhavsar & Mehta & Co, Dr Hiten Mehta is well-known for helping people out of financial crises and restart their lives for themselves and their families.
Read MorePost Title - Broadcast Engineering Consultants India: World-class broadcast services
Broadcast Engineering Consultants India Limited (BECIL), a mini ratna Central Public Sector Enterprise (CPSE).
Read MorePost Title - Smorgasbord of speciality chem - Balaji Amines
This fortnight we have picked a unique and fast-growing speciality chemicals company, Balaji Amines, as the Fortune Scrip.
Read MorePost Title - FOODS & INNS: Riding demand for packed food
A pioneer and veteran of the domestic food processing industry, FIL’s vast range of packed and canned food caters to the most demanding palates in India and overseas.
Read MorePost Title - Russia-Ukraine war takes ‘Energy’ out of Nayara
Nayara Energy, owned by Russian energy giant Rosneft, is in deep trouble, with insurance companies unable to provide it cover and the company unable to buy crude from international sources other than Russian crude.
Read MorePost Title - Ruias ‘learn’ importance of repaying bank loans
The Ruias and the LN Mittal group have decided to bury their past differences and smoke the peace pipe. The Ruias have decided to sell several infrastructure projects in India to the Mittals.
Read MorePost Title - Will NDTV’s Prannoy Roy laugh his way to the bank?
Prannoy Roy, who took a Rs 400-crore interest-free loan from a Mukesh Ambani entity, defaulted on the loan – and the rest, as they say, is history.
Read MorePost Title - Billionaires thirst for ‘media clout’
Like in the US, billionaires in India are buying media companies.
Read MorePost Title - India @ 75: Global Player In The Making
Seventy-five years after Independence, there cannot be a greater contrast in the various parameters of the countrys economy.
Read MorePost Title - Challenges for next 25 years
The Ahmedabad-based construction major PSP Projects is knocking on the doors of the big league with the completion of more than 180 projects and with an order book of more than Rs 4,000 crore in hand.
Read MorePost Title - August 2022 Second Issue
No doubt, India has made rapid strides on the economic front during the last 75 years of independence, with the massive transformation of a poor.
Read MorePost Title - Market Winds
Yes! Finally, Yes Bank is coming out of the woods thrown in by the scamster Rana Kapoor.
Read MorePost Title - Superb brainchild of Ashok Soota Going the TCS-Infosys-Wipro way!
This fortnight I have selected as Fortune Scrip a comparatively new company which will make its shareholders as proud as the TCS-Infosys-Wipro trio made this investor in the 1980s and 1990s.
Read MorePost Title - Global meet on plastic packaging waste
Foundation for Innovative Packaging and Sustainability (FIPS), a non-government
Read MorePost Title - Portfolio Choice
Mumbai-headquartered Fine Organic Industries is the largest manufacturer of oleochemical-based additives in India and one of the top six players globally.
Read MorePost Title - Steel Sector - All Set To Bounce Back Again
The Indian steel industry witnessed a dream run in FY22, especially in H2 of the fiscal year and the first two months of FY23.
Read MorePost Title - Tax-hungry govt fuelling inflation
Once again the Reserve Bank of India, the country’s central bank, has raised the repo rate – this time by 50 bps to 5.4 per cent.
Read MorePost Title - August 2022 First Issue
Once again the Reserve Bank of India, the country’s central bank, has raised the repo rate – this time by 50 bps to 5.4 per cent.
Read MorePost Title - Seminar to promote responsible packaging
Foundation for Innovative Packaging and Sustainability (FIPS) has organised ‘RESPACK-2022’.
Read MorePost Title - Portfolio Choice
Indore-headquartered Rajratan Global Wire is a leading manufacturer of tyre bead wires and other ancillary products.
Read MorePost Title - TATA CONSUMER PRODUCTS - Indian HUL in offing?
This fortnight I have selected a relatively new Tata group company, which is heading to become a multi-bagger very soon, as the Fortune Scrip.
Read MorePost Title - Meghmani Finechem - CPVC resin plant to boost revenues
Ahmedabad-based Meghmani Finechem Limited, a leading chemical manufacturer, recently announced the successful commissioning of its chlorinated polyvinyl chloride resin (CPVC resin) plant at Dahej in Gujarat.
Read MorePost Title - Much ado about windfall taxes
After imposing a steep ‘windfall’ tax on Relianc Industries, the Modi government has backtracked within days.
Read MorePost Title - Birla’s second online tryst
After failing to make a mark in online fashion retailing, the Aditya Birla group is making a re-entry in the electronic commerce segment.
Read MorePost Title - Rupee plunges, but India Inc sanguine
Even as the Indian currency has reached Rs 80 to a dollar, India Inc leaders are not painting any pictures yet of gloom and doom as they had done during the Manmohan Singh government’s tenure.
Read MorePost Title - Birla’s second online tryst
After failing to make a mark in online fashion retailing, the Aditya Birla group is making a re-entry in the electronic commerce segment.
Read MorePost Title - Pump Industry - Pumped For Growth
The Indian pump industry is flying high, not just doubling but trebling in size – in the last one decade from Rs 6,670 crore in 2012 to around Rs 20,000 crore today.
Read MorePost Title - Woo NRI dollars to save rupee
As was feared, the Indian rupee has slumped to Rs 80 to a dollar and, observers feel, even this is not the bottom.
Read MorePost Title - July 2022 First Issue
As was feared, the Indian rupee has slumped to Rs 80 to a dollar and, observers feel, even this is not the bottom.
Read MorePost Title - Doyen of Indian packaging - DR. NARAYAN SAHA
Dr NC Saha’s name is synonymous with packaging. A doyen in the world of packaging science and technology.
Read MorePost Title - Byword for systems design - CENTUM ELECTRONICS
Based in Bengaluru, NSE-BSE listed Centum Electronics is one of the largest electronics system design and manufacturing (ESDM) companies in India.
Read MorePost Title - Portfolio Choice
Indore-headquartered Rajratan Global Wire is a leading manufacturer of tyre bead wires and other ancillary products.
Read MorePost Title - Pole player in speciality chemicals - VINATI ORGANICS
This fortnight we have selected a speciality chemicals stock which has not been hit hard by the current global stock markets’ meltdown.
Read MorePost Title - Fortunes rise with switchgear demand - Modison Metals
Based in Mumbai, with its two manufacturing units at Vapi and Silvassa supported by a state-ofthe-art R&D division duly approved by DSCIR.
Read MorePost Title - Defaulting powergen projects going cheap
Several electricity generation projects are currently up for sale and Indian conglomerates are buying them for less than 5 per cent of the debt owed to the banks by the previous promoters.
Read MorePost Title - A bitter ‘Dish’ for YES Bank
The fight over satellite TV broadcaster Dish TV has entered its last lap.
Read MorePost Title - Tata Trusts in ‘Parsi’ search is he Mehli Mistry?
The Tata Trusts are on the lookout for a new director from the Parsi community as present chairman and Tata group patriarch Ratan Tata gets older.
Read MorePost Title - Queue to pick up NMDC steel plant
Mining giant NMDC has put its steel plant in Chhattisgarh for sale. The sale will invite bids from Vedanta, JSW and ArcelorMittal.
Read MorePost Title - Heading For Electrifying Growth - Electronics Growth
The Indian electronics sector is the latest kid on the growth block, boosted by the Centre’s regulatory and incentive support and encouraged by government policies like ‘Make in India’ and ‘Digital India’.
Read MorePost Title - FDI, Exports Key to Healthy Rupee
The downward journey of the Indian currency started on August 15, 1947 — from one dollar equaling one rupee then.
Read MorePost Title - June 2022 Second Issue
The downward journey of the Indian currency started on August 15, 1947 — from one dollar equaling one rupee then.
Read MorePost Title - Robust show: Promoters raise stake to 75% - Parnax Lab Ltd
Parnax Lab Ltd, a pharmaceutical company belonging to the Mumbai-headquartered Naxpar group, has put up an excellent show for fiscal 2022, with a 100% growth in the topline and a 130% spurt in EBIDTA.
Read MorePost Title - Market Winds
The market price of the LIC stock has been going down since its listing.
Read MorePost Title - Elecon Engineering Company (EECL) - Aiming at global brand identity
Highlighting the salient features of the company’s FY22 performance.
Read MorePost Title - Resolving legacy issues, eyeing growth - RELIGARE ENTERPRISES
There were certain highly sensitive and legal issues raised by SEBI against NSEBSE listed Religare Enterprises (REL).
Read MorePost Title - Portfolio Choice
Torrent Pharmaceuticals is one of the country’s leading pharmaceutical companies, being the eighth largest in India.
Read MorePost Title - Riding huge CPVC pipes demand - ASTRAL LTD
For this fortnight, we have selected Astral Ltd, an Ahmedabad-based company which is a remarkable growth story in the plastic industry.
Read MorePost Title - Sales, revenues at new high in 2022 - Birla Corporation Ltd. (BCL)
With the commissioning of its Rs 2,744-crore Mukutban integrated cement plant near Nagpur in Maharashtra, Birla Corporation (BCL) has reached an annual installed capacity of almost 20 million tonnes.
Read MorePost Title - Side Effect of GST
It will be five years of GST on July 1 and there are mixed feelings about the milestone tax that was rolled out by the Modi government in 2017.
Read MorePost Title - Agniveer divides Indian honchos
India Inc, it seems, is divided into two camps. While one section of Indian CEOs is betting big on the Modi government’s new military recruitment scheme, called Agniveer, the other section is keeping quiet.
Read MorePost Title - New Energy is it Real or Mirage
It will be five years of GST on July 1 and there are mixed feelings about the milestone tax that was rolled out by the Modi government in 2017.
Read MorePost Title - RBI ‘No’ to loans sale of Yes Bank
The Reserve Bank of India has not taken kindly to Yes Bank’s plan to sell its entire portfolio of bad loans to an asset reconstruction company.
Read MorePost Title - Crash in IT Sector - Another Dot Com Bubble?
Even as markets worldwide are reflecting the deleterious effect of the ongoing UkraineRussia war on global supply chains.
Read MorePost Title - Overvaluations put off FPIs
Foreign Portfolio Investors (FPIs) are in withdrawal mood from India.
Read MorePost Title - June 2022 First Issue
Foreign Portfolio Investors (FPIs) are in withdrawal mood from India.
Read MorePost Title - Portfolio Choice
Dixon Technologies (India) Ltd (DTIL) is the largest home-grown design-focused and solutions company engaged in manufacturing products in the consumer durables.
Read MorePost Title - Market Winds
A research analyst tracking the metals sector has turned distinctly bullish on Hindustan Zinc in the long run after the Central government okayed.
Read MorePost Title - Betting big on green power: Stock to head for re-rating - TATA POWER
After a detailed study of the past, present and future of Tata Power, we have decided to pick it as the Fortune Scrip for this fortnight.
Read MorePost Title - Sales cross Rs 5,000-crore mark - BRIGHTCOM GROUP
With its crossing the Rs 5,000-crore revenue milestone.
Read MorePost Title - Blame red tape, graft for MNCs’ exit
During During the NDA regime headed by Narendra Modi, multi-national companies have quit India in droves.
Read MorePost Title - Market Crash, Where Will It Go From Here?
The countrys sugar industry, so crucial to the economy as well as to millions of Indian farmers
Read MorePost Title - Inflation Negates GDP Growth
There is finally some good news on the economic front.
Read MorePost Title - Hindustan Zinc Q2 Results Preview: Profit Expected to Surge 30-36% Amid Higher Zinc and Silver Prices
Hindustan Zinc Ltd (HZL) is set to release its financial results for the September 2024 quarter (Q2FY25) and the first half of FY25 on Friday, October 18.
Read MorePost Title - LTIMindtree Shares Slip 6% After Q2 Earnings: Key Insights, Targets, and Risks
Shares of LTIMindtree, a global software and consulting giant, saw a significant dip of 6.20% following the announcement of its Q2 earnings.
Read MorePost Title - Mazagon Dock Set for First Stock Split and Dividend Announcement: A Buy Opportunity?
Mazagon Dock Shipbuilders Limited (MDL), a prominent player in India’s shipbuilding industry, is gearing up for a pivotal Board meeting on October 22, 2024.
Read MorePost Title - Middle East Tensions and Iran-Israel Conflict: The Potential Economic Impact on India
Tensions in the Middle East have escalated dramatically following Irans launch of nearly 200 missiles on Israel. This response came after an Israeli strike on Hezbollah in Lebanon, placing the region on high alert.
Read MorePost Title - Indias Automobile Exports Surge 14% in H1FY25, Driven by Rising Demand for Passenger Vehicles and Two-Wheelers
Indias automobile exports saw a significant rise in the first half of FY25, increasing by 14% year-on-year (YoY), thanks to the growing demand for passenger vehicles (PVs) and two-wheelers in international markets.
Read MorePost Title - India Inc Faces Continued Slowdown in Q2FY25: Early Results Paint a Cautious Picture
India’s corporate sector showed signs of continued slowdown in the second quarter of FY25, as indicated by early results from leading companies.
Read MorePost Title - Retail inflation on rise in US
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis after rising 1.2 percent in March, the U.S. Bureau of Labor Statistics reported today.
Read MorePost Title - Portfolio Choice
Born out of restructuring, L&T Technology Services was formed after the integrated services business of L&T and the product engineering services of L&T Infotech were transferred to it.
Read MorePost Title - Will be on growth path from next year
Giving an insight on the current scenario and business outlook for TTL, Bharat Vageria, Managing Director.
Read MorePost Title - Exports to accelerate growth
The demand for our products continues to grow over 30% currently and with our focus on brand promotion.
Read MorePost Title - Market Winds
An advisor to the corporate sector in general and pharmaceutical companies in particular is bullish on Granules India.
Read MorePost Title - Pole player in fragrance chemicals
This fortnight, we have selected Privi Speciality Chemicals Ltd, widely known in its industry segment at home as well as abroad but little known in market circles.
Read MorePost Title - ICICI Bank, LIC’s board seat tussle
Several promoters who lost their companies under the Insolvency and Bankruptcy Code, 2016 are facing another major issue with the banks.
Read MorePost Title - ICICI Bank, LIC’s board seat tussle
Life Insurance Corporation and ICICI Bank are in discussions on a board seat for LIC.
Read MorePost Title - Market Crash, Where Will It Go From Here?
Its the season of battering headwinds as the countrys two major stock indices, the Sensex and the Nifty, have plunged thousands of points from their earlier six-month highs.
Read MorePost Title - Rupees Fall, Headache for All
There is more bad news for the Indian economy which is already reeling under red-hot inflation, with the rupee losing strength against the US dollar day by day.
Read MorePost Title - April 2022 Second Issue
There is more bad news for the Indian economy which is already reeling under red-hot inflation, with the rupee losing strength against the US dollar day by day.
Read MorePost Title - Revolutionary fertiliser in making
Nano-urea, a liquid fertiliser, has been developed for the first time in the world by IFFCO. This unique product was introduced just eight months ago and has already met with amazing success.
Read MorePost Title - Riding The Tata Group Stamp
This fortnight we have selected a company that was little-known till yesterday, but has now come into the limelight with its acquisition by the Tata group.
Read MorePost Title - Producing ethanol revolution
Praj Industries (PI) has launched an innovative solution to process sugarcane juice into a new sustainable feedstock — ‘Biosyrup’ — for round the year ethanol production.
Read MorePost Title - Lenders ‘conned’ Videocon way!
The Videocon debt resolution saga is another joke perpetrated on Indian lenders and the public. The banks have lost Rs 62,000 crore in the company and have sent the company to the bankruptcy courts.
Read MorePost Title - Bankruptcy law is lender’s agony
The sale of Anil Ambani group Reliance Capital is assets is headed for disaster. Just like with Reliance Communications and Reliance Naval and Engineering, the lenders will end up the biggest losers.
Read MorePost Title - Ambani’s growing yen for acquisitions
Mukesh Ambani is on an acquisition spree. Reliance Retail has made a bid for Boots, a British pharmacy chain owned by Walgreens.
Read MorePost Title - Curious no-show of Noel Tata
The launch of Tata Neu, an e-commerce app, by the Tata group turned out to be a show of strength with all the top CEOs of the group joining the function to stand beside Tata group chairman N Chandrasekharan.
Read MorePost Title - Tatas close to buying Ford’s Gujarat unit
Ford India invested heavily in its two factories near the southern (Tamil Nadu) and western coasts (Gujarat) of India but racked up losses of more than $2 billion in a decade
Read MorePost Title - Market Winds
The share price of HDFC Bank has charted a downward course and has reached near Rs 1,350.
Read MorePost Title - Govt blind to runaway prices
The situation on the inflationary price spiral front is worsening by the day.
Read MorePost Title - 10 Small-Cap Growth Stocks
Our current millennium has underlined the stock market story the world over.
Read MorePost Title - April 2022 First Issue
The situation on the inflationary price spiral front is worsening by the day.
Read MorePost Title - Market Winds
A couple of HNI investors are keen to invest sizeable amount in ITC but they prefer to wait for some time as they are expecting a marked fall in stock price of ITC.
Read MorePost Title - Portfolio Choice
Pune-headquartered KPIT Technologies is a leading global technology company, an independent software development and integration partner helping mobility leapfrog towards a clean green, smart and safe future.
Read MorePost Title - End-to-end logistics provider
The amalgamation between three group companies — Gateway Distriparks Ltd (GDL), Gateway East India Pvt Ltd (GEIPL) and Gateway Rail Freight Ltd (GRFL) – took place recently via merger by absorption.
Read MorePost Title - Leader in animal healthcare product
SSL is India’s largest animal health company – and among the top 20 globally in its field – and is backed by global investment firm, The Carlyle Group, as its promoter.
Read MorePost Title - Expansion through acquisition route - Globe Textiles (India) Ltd
NSE-listed Globe Textiles (India) Ltd (NSE: GLOBE), a Star exporter and leading manufacturer of jeans as well as fabrics, has been marketing its products at home as well as abroad since the last two decades.
Read MorePost Title - Infosys, TCS in new turf war
The CEO of Infosys, Salil Parekh, is keeping a low profile and has managed to get the support of both the Infosys board and its shareholders.
Read MorePost Title - Jaypee keeps banks waiting
The wait for the resolution of Jaypee Infratech has just got longer. The lenders had cleared acquisition by Mumbai’s Sudhir Valia-owned Suraksha group in June last year.
Read MorePost Title - Small fry bid for Reliance Cap
Some of the bidders for Reliance Capital have taken the industry by surprise.
Read MorePost Title - Adani gets power ‘boost’
The Rajasthan electricity distribution companies have transferred Rs 3,000 crore to Adani Power in the last week of March.
Read MorePost Title - On the growth trajectory
Rahul Timbadia’s hard work, perseverance, vision and quick thinking has seen him transition from a successful stint as a steel maker to a realtor who today heads a Rs 900-crore organization which has interests in segments as diverse as metals, agriculture and hospitality.
Read MorePost Title - HDFCs Merge To Beget Behemoth
The HDFC management led by veteran Deepak Parekh has sprung a pleasant surprise by announcing the merger of HDFC Ltd.
Read MorePost Title - March 2022 Second Issue
The HDFC management led by veteran Deepak Parekh has sprung a pleasant surprise by announcing the merger of HDFC Ltd.
Read MorePost Title - Portfolio Choice
Ashok Leyland, the flagship of the Hinduja group in India, is a large cap corporate entity engaged in the manufacture of commercial vehicles.
Read MorePost Title - Aiming for global logistics footprint
The Pune-headquartered Imperial group, engaged in providing extensive and comfortable warehousing which is innovative as well as customized.
Read MorePost Title - Golden’ scheme to boost GDP
The government’s impetus towards the defence sector is promising because in the latest Union budget they have earmarked Rs 4 lakh crore for the sector, excluding the payment provision for pensions.
Read MorePost Title - Emerging rocket-based motor maker
The government’s impetus towards the defence sector is promising because in the latest Union budget they have earmarked Rs 4 lakh crore for the sector, excluding the payment provision for pensions.
Read MorePost Title - Ruling the roost in special chem
FOR this fortnight, we have selected Tatva Chintan Pharma Chem – a little known Gujarat-based company just six months ago — as our Fortune Scrip.
Read MorePost Title - Rs 16k crore order book fast-tracks growth pace
ITD Cementation India (ITD-CI) is a listed arm of infrastructure major Italian-Thai Development Public Company Ltd whose operations in India are nine decades old.
Read MorePost Title - DyStar case to emerge as a game changer
Based at Ahmedabad, NSE-BSE listed Kiri Industries (KIL), a Rs 1,000-crore Kiri Industries Ltd., is one of the largest manufacturers and exporters of a wide range of dyes, dyes intermediates and basic chemicals with zero effluents.
Read MorePost Title - Await skeletons from Amtek cupboard
After the ABG Shipyard scam, which is under investigation by the CBI, the next big scam is set to break out in Amtek Auto.
Read MorePost Title - Birla loses yen for new biz, back to old biz
After losing a lot of money in online and offline retailing and telecommunications, the Aditya Birla group is going back to the traditional businesses to show growth.
Read MorePost Title - BPCL: Next on the block
The Indian government has started the initial ground work to divest Bharat Petroleum Corporation (BPCL) to prospective buyers.
Read MorePost Title - PayTM: From hero to zero?
Once upon a time, One97 Communications, popularly known as PayTM, was the apple of investors’ eye. Every foreign investor wanted to invest in the company by pouring in billions of dollars.
Read MorePost Title - Robbing retirees of PF comfort
Even as the disruptive impact of the Covid-19 pandemic on the Indian economy and common Indian lives continues.
Read MorePost Title - Metals Chocked, Prices Stoked
It’s been a see-saw ride for metals in the last four years. First, metals went through a bearish phase during the US-China tariff stand-off in 2019.
Read MorePost Title - March 2022 First Issue
Waking up belatedly after a spate of IPOs with certain disturbing trends during the last quarter.
Read MorePost Title - Neelachal Ispat deal - Win-win for Tatas and MMTC
Over a period of time, the Tatas will certainly start reaping the fruits of their recently acquired CPSEs-owned Neelachal Ispat Nigam (NINL).
Read MorePost Title - Torrent Power - A ‘torrent’ of green power
Torrent Power (TPL), a power arm of the diversified Ahmedabad-based Torrent group, has aggressively started expanding its renewable energy portfolio in general and solar power portfolio in particular.
Read MorePost Title - LIC HOUSING FINANCE LTD - Higher impairment loss spoils party
LIC Housing Finance Ltd, the second largest housing finance company in the country, has run into some financial headwinds of late.
Read MorePost Title - Major beneficiary of big bang Budget
The Union budget presented by Finance Minister Nirmala Sitharaman last fortnight was a unique fiscal exercise.
Read MorePost Title - Portfolio Choice
In a century which has excelled in the space of Information Technology, with world-renowned giant companies like TCS, Infosys, Wipro, HCL Technology and Tech Mahindra ruling the roost.
Read MorePost Title - Market Winds
A knowledgeable HNI (High Netwoth Investor) suggests accumulating Brightcom group shares as he is surprised that even after a robust financial performance and a 2:3 bonus issue.
Read MorePost Title - Groundwork laid for IDBI Bank sale - IDBI Bank
Finally, it looks like the sale of IDBI Bank, the only bank of its kind (neither considered ‘public sector’ or ‘new generation private sector’) will take off.
Read MorePost Title - Sacked Cyrus Mistry gets SC reprieve
In a rare decision, the Supreme Court has decided to review its own decision of last year which had ruled in favour of the Tatas in the Tata versus Mistry dispute. Besides.
Read MorePost Title - Maharaja hired a ‘terror’ raja?
The Ministry of Home Affairs is unlikely to give security clearance to new Air India CEO Ilker Ayci due to his alleged connections with various global terror networks.
Read MorePost Title - Doubts over SEBI role in NSE scam
SEBI conduct in the entire National Stock Exchange scam is not only bizarre but shows that the market regulator was sitting on the investigation for over four years.
Read MorePost Title - Banks on CBI radar for mega loans to dud firm
The Central Bureau of Investigations (CBI) has questioned nearly half a dozen bank officials in connection with its ongoing probe into the country’s biggest bank fraud involving Surat-based ABG Shipyard.
Read MorePost Title - Ukraine-Russia War: Where Will It Go From Here?
With Russian overlord Vladimir Putin finally ‘making good’ on his threat to invade neighbouring Ukraine, both global politics and economics have been bowled a ‘googly’.
Read MorePost Title - Ukraine War Can Single India
The ongoing Russia-Ukraine dispute that has its genesis in geopolitical frictions since February 2014 culminated in Russian supremo Vladimir Putin declaring war on Ukraine last Thursday (February 24, 2022).
Read MorePost Title - February 2022 Second Issue
The ongoing Russia-Ukraine dispute that has its genesis in geopolitical frictions since February 2014 culminated in Russian supremo Vladimir Putin declaring war on Ukraine last Thursday (February 24, 2022).
Read MorePost Title - India Inc unhappy
Corporate India is not very happy with the Union budget, though publicly CEOs are saying it’s a good budget due to fear of ‘Big Brother’ reprisal.
Read MorePost Title - Tatas get Air India (relatively) for a song!
The Tata group has acquired Air India at an enterprise valuation of Rs 18,000 crore.
Read MorePost Title - RIL aggressively pitching to emerge front-runner in e-batteries
Though there are a dozen players keen to take up the manufacture of batteries for electric vehicles.
Read MorePost Title - US export order worth Rs 40 million
Rajkot-based Ganga Forging Ltd (NSE: GANGAFORGE), one of the country’s leading steel forging and machine components manufacturer.
Read MorePost Title - Promoters hike stake as firm expands
In a move to increase promoter holdings in Karnataka’s highly successful Vishwaraj Sugar Industries.
Read MorePost Title - Portfolio Choice
mrutanajan Health Care is an Indian pharmaceutical company engaged in the manufacture of ayurvedic health care products and beauty products.
Read MorePost Title - High on aims; low on ideas
We think imagination is the monopoly of poets and other artists, but our own Union Finance Minister seems to have a poetic imagination all of her own.
Read MorePost Title - Present pain, future gain
It was perhaps a budget like no other in the history of independent India. Not only was Finance Minister Nirmala Sitharaman’s budget speech short and to the point.
Read MorePost Title - February 2022 First Issue
Waking up belatedly after a spate of IPOs with certain disturbing trends during the last quarter.
Read MorePost Title - Market Winds
Wholesale inflation has narrowed to a 4-month low of 1.2% in December 2020 compared with 1.6% in the previous month and 2.76% in the corresponding month last year.
Read MorePost Title - WPI falls more than CPI
Wholesale inflation has narrowed to a 4-month low of 1.2% in December 2020 compared with 1.6% in the previous month and 2.76% in the corresponding month last year.
Read MorePost Title - Union Budget 2021-22: Tightrope walk for Madam FM
It is by now common knowledge that the Covid19 pandemic was disastrous for the country’s already struggling economy.
Read MorePost Title - WFH no substitute for the office interaction
Necessity is the mother of invention as well as change, and the Covid-19 pandemic has changed our lives in ways we cannot yet fathom.
Read MorePost Title - Om Infra Ltd. - Sticking to its hydro-mech expertise
Despite its half-century track record, Om Infra was stuck in a growth rut.
Read MorePost Title - Fab Fours smoking peace pipe
The Hinduja brothers have reportedly decided to working on an amicable settlement. I have initiated talks over the group’s fortunes.
Read MorePost Title - Apollo Pipes - Growth driven by pipes segment
Apollo Pipes is in expansion mode and the various growth plans undertaken will push up the company’s manufacturing capacity to 1,00,000 mtpa by the end of the current fiscal year ending March 2021.
Read MorePost Title - Schaeffler India - All verticals did well in Q3CY20
The new after-market brand launched by Schaeffler India in September 2020 has met with a tremendous response.
Read MorePost Title - Power Mech Projects - Hopes for normalcy by Q4FY21t
The order book position of Power Mech Projects is getting stronger by the day.
Read MorePost Title - Public health needs top priority
It is a no-brainer that the forthcoming Union budget for fiscal 2021-22, to be presented by Finance Minister Nirmala Sitharaman in the Parliament on February 1.
Read MorePost Title - KA Group of Industries
Mr. Amit Mehta entered the world of investments purely by chance after Dena Bank offered him his late father’s job.
Read MorePost Title - January 2022 Second Issue
It is a no-brainer that the forthcoming Union budget for fiscal 2021-22.
Read MorePost Title - Emerging Czar in EPC Construction Space
The Ahmedabad-based construction major PSP Projects is knocking on the doors of the big league with the completion of more than 180 projects and with an order book of more than Rs 4,000 crore in hand.
Read MorePost Title - Gujarat Dyestuffs Manufacturers Association - Making Gujarat pole player in dyestuffs
Gujarat has marked its place on the map of India as the most promising state for investment due to its progressive policies and social stability.
Read MorePost Title - Gujarat Dyestuffs Manufacturers Association - Creating a biz-friendly ecosystem
The turn of the year is a time for reflection as well as looking forward. As I look back at the year gone by, I am happy to share there are many positives that we would be carrying forward.
Read MorePost Title - CLEAN SCIENCE AND TECHNOLOGY - Riding demand for speciality chemicals
This time we have selected a speciality chemicals company which has very high growth potential as the Fortune Scrip for the fortnight.
Read MorePost Title - EaseMyTrip - Gifting shareholders a bonus issue
BSE and NSE-listed Ease My Trip, India’s leading online travel platform, has announced a bonus issue in the liberal ratio of 1:1.
Read MorePost Title - Portfolio Choice
Aarti Industries, belonging to the industrial house of Gogris, is a leading manufacturer of speciality chemicals and pharmaceuticals with a global footprint.
Read MorePost Title - VISHWARAJ SUGAR INDUSTRIES - Sweet spin-offs of sugarcane!
Karnataka-based Vishwaraj Sugar Industries is an integrated sugar company, producing sugar.
Read MorePost Title - Strategic Alliance between Biocon Biologics and Serum Institute Life Sciences
With a team of 4800 people, Biocon Biologics (BBL), a material subsidiary of NSE-BSE listed Biocon Ltd aspires to transform healthcare through affordable innovative solutions as well as impact 5 million patients’ lives by FY22.
Read MorePost Title - Swan song for VI owners
The Vodafone-Idea promoters have decided to throw in the towel and have offered a 35 per cent stake to the government.
Read MorePost Title - Indian realty hit by Dubai craze
For the Indian property space, 2021 ended pretty much like CY20.
Read MorePost Title - Crash landing for Go-Air IPO plan
Another fund-raise is in trouble. The Wadia-owned GoAir is unable to find takers as the investor response is very poor for airlines’ shares.
Read MorePost Title - ramdevs-recipe-for-ruchi-soya-bombs
Ruchi Soya, a company taken over by the Patanjali group, was planning to come out with an follow-on offer of shares to reduce the promoter’s stake from 98 per cent.
Read MorePost Title - India to grow at 8.3% - WB
India’s economic growth is expected to be 8.3 per cent in the current financial year and 8.7 per cent in 2022-23.
Read MorePost Title - SEBI rules may not stem IPO rot
Waking up belatedly after a spate of IPOs with certain disturbing trends during the last quarter.
Read MorePost Title - January 2022 First Issue
Waking up belatedly after a spate of IPOs with certain disturbing trends during the last quarter.
Read MorePost Title - Adani Enterprises Secures 500 Million Doller Through Equity Placement to Accelerate Growth
Adani Enterprises Limited (AEL) has successfully raised Rs.4,200 crores (500 million doller) through a qualified institutional placement (QIP) of equity shares.
Read MorePost Title - Bajaj Auto Loses Its Second Most Valued Group Firm Status After Shares Plummet
On October 17, 2024, Bajaj Auto experienced a sharp decline in its stock price, plunging as much as 13%.
Read MorePost Title - Infosys Declares Rs.21 Per Share Dividend: Key Dates, Dividend History, and Q2 Performance
Infosys, India’s second-largest IT services firm, declared an interim dividend of Rs.21 per share for the financial year 2024-25.
Read MorePost Title - Jio Financial Services Surges 41% YTD: Q2 Results and Potential BlackRock Joint Venture in Focus
Jio Financial Services (JFS) has seen a remarkable rise of 40.75% year-to-date (YTD) in 2024, far surpassing the 12.02% gain of the benchmark BSE Sensex during the same period.
Read MorePost Title - Direct Tax Collections Soar by 182% in a Decade, Surpassing Rs.19.60 Lakh Crore in FY24
Indias direct tax collections have witnessed a remarkable 182% growth over the last decade, rising to over Rs.19.60 lakh crore in the financial year 2023-24.
Read MorePost Title - Wipro Announces First Bonus Issue Since 2019: A Look at the Companys History of Bonus Shares
Wipro, the IT services giant, has announced its first bonus issue since 2019, offering shares in the ratio of 1:1.
Read MorePost Title - Fortune Scrip
The Information Technology sector is in fine fettle and is likely to remain on a strong wicket for quite some time.
Read MorePost Title - CENTRAL DEPOSITORY SERVICES
The company was promoted by BSE in 1999 with a view to providing convenient services at an affordable cost to all market participants.
Read MorePost Title - TANLA PLATFORMS
Hyderabad-headquartered Tanla Platforms (formerly known as Tanla Solutions) is a leading cloud communications company providing value-added services in the cloud communications space.
Read MorePost Title - AUROBINDO PHARMA
Hyderabad-headquartered Aurobindo Pharma, a leading pharmaceutical company, has emerged as a multinational entity with almost 90% of its revenues being earned from overseas countries.
Read MorePost Title - Morgan Stanley is new king of M&A advisors
Once upon a time, Citibank was the top merger and acquisitions advisor in India, earning huge fees.
Read MorePost Title - Low private spending stalls growth
According to the Indian National Statistical Office, the Indian economy expanded by 8.41% in the second quarter of fiscal 2021-22 compared to the corresponding quarter in fiscal 2020-21.
Read MorePost Title - ANG Lifesciences India - Growing at fast pace through acquisitions
Inorganic growth is its route of choice for fast growth, in keeping with which ANG Lifesciences India has in quick succession acquired a penicillin unit.
Read MorePost Title - CFOs worried at rupee’s slide
Indian CFOs are worried over the future of the country’s currency, which has depreciated by 3.36% this year against the US dollar.
Read MorePost Title - Centre blinkers on inflation
At a time when it is busy tackling the new Omicron variant of Covid-19 and assuaging the feelings of angry farmers.
Read MorePost Title - Brave new world of global minimum tax
In a sign of increasing global focus on the issue of tax evasion by large corporate entities, as many as 136 countries under the umbrella of the OECD have agreed on a minimum global tax rate of 15%.
Read MorePost Title - Aurionpro Solutions - Spreading tech solutions footprint
With the improving economic conditions, increased momentum across all business segments and improved financial indicators.
Read MorePost Title - Ambani remains dark horse
The Zee-Sony Pictures merger in India is set to create the country’s largest entertainment company.
Read MorePost Title - Adani closes in on Ambani!
India’s Rich List has seen a massive change this year. The biggest gainer is Gautam Adani.
Read MorePost Title - 10 Hidden Jewels
The last two Covid-hit years have been a time of turmoil for people, economies and stock markets the world over. The Indian stock market is no exception.
Read MorePost Title - December 2021 Second Issue
At a time when it is busy tackling the new Omicron variant of Covid-19 and assuaging the feelings of angry farmers.
Read MorePost Title - Portfolio Choice
Bharti Airtel is a leading global telecommunications company with operations in India and 17 other countries across Asia and Africa.
Read MorePost Title - Paytm Conundrum: Will Sebi Wake Up?
POST the huge slump in the listing value of Paytm shares following its record Rs 18,300- crore IPO.
Read MorePost Title - CHEMCON SPECIALITY CHEMICALS: We are expanding in core chemistrys
On the issue of GPCB’s closure notice for the company’s manufacturing units, Kamal Aggarwal, Chairman&MD, says,”During the second quarter of the current fiscal, we were obstructed with an unfortunate external incident.
Read MorePost Title - SBI places Rs 3,400-cr‘bet’ on Jewar airport
Work on the new airport project in Jewar at Noida has started with the project’s financial closure. The airport will be India’s biggest with five runways.
Read MorePost Title - SBI boost for Adani’s Navi Mumbai airport
The State Bank of India has decided to fund the Navi Mumbai International Airport project in association with a consortium of other lenders.
Read MorePost Title - Ruling the roost in structural steel tubes
This fortnight, we have selected a not so well-known structural steel pipe manufacturing company, APL Apollo Tubes, as the Fortune Scrip.
Read MorePost Title - RIL plans counter offer for Zee?
The merger transaction between Zee and Sony Pictures is all set to be announced within a few days, if insiders are to be believed.
Read MorePost Title - Paytm debacle points to IPO rot
The controversial Paytm IPO debacle has stunned trade, industry and market circles.
Read MorePost Title - Investment Councelling: KA Portfolio Doctor
Under our KA Portfolio Doctor scheme we recommend four scrips which are for healthy and profitable on various parameters including strong fundamentals promising prospects and capabilities.
Read MorePost Title - India better placed for Fed tapering
At the beginning of the last fortnight starting November 15, the markets were buoyant, but they eventually relinquished all the gains.
Read MorePost Title - Bounce-back after 2nd Covid wave
Corporate performance in the latest quarter has added to the optimism regarding the health of the underlying domestic economy.
Read MorePost Title - Adanis’s port woes in Sri Lanka, Myanmar
The Adani group has lost a crucial port project in Sri Lanka.
Read MorePost Title - November 2021 Second Issue
The controversial Paytm IPO debacle has stunned trade, industry and market circles.
Read MorePost Title - Portfolio Choice
Indian Energy Exchange is India’s premier energy marketplace, providing a nationwide automated trading platform for the physical delivery of electricity.
Read MorePost Title - Market Winds
Shareholders of Berger Paints, the second largest paints maker in the decorative segment.
Read MorePost Title - Zee continues to thwart Reliance takeover bid
The Zee promoters, the Subhash Chandra family, are trying to use all the tricks in the bag to stop Reliance Industries from acquiring their company.
Read MorePost Title - 20 MICRONS LTD: Win-win JV with German firm
Globally sought for its ultrafine minerals, which have wide-ranging applications across industries.
Read MorePost Title - Will Noel step into Ratan Tata’s shoes?
All of 83 years, Ratan Tata continues to run Tata Trusts as its chairman and still commands a considerable influence over the Tata Sons board.
Read MorePost Title - Post-Covid, air travel gets back its mojo!
Air travel is back with a bang and airlines are expecting to return to the preCovid passenger load factor (PLF) as early as December this year.
Read MorePost Title - Market rises above Covid ruins
All other segments of the Indian economy have faced the wrath of the Covid-19 pandemic over the last two years, but not the Indian stock market.
Read MorePost Title - Is Piramal the Reliance Trojan in Tata Sons?
There is a lot of pressure on Ajay Piramal to exit the Tata Sons board as director.
Read MorePost Title - Meera Industries: Industry topper in textile technology
Just 15 years old, Meera Industries turns out world-class machinery for all kinds of textile requirements and has even pioneered technology that cuts manufacturing costs substantially.
Read MorePost Title - Gold loans lifeline in Covid times
The pandemics crippling effect on various segments of the economy, especially - small businesses, has led to a huge spurt in gold-pledged loans to ease short-term capital requirements.
Read MorePost Title - Girding up for post-Covid challenges
Global GDP will be back at pre-pandemic levels by the end of 2021 after a strong recovery.
Read MorePost Title - JINDAL SAW: Focusing on speciality products
Maintaining that “the allocation by the government in the Union budget 2021-22 towards the infrastructure segment shall lead to the economy’s upliftment.
Read MorePost Title - Covid Second Wave: Big Blow To Economy
In the wake of its amazing growth in revenues and profits and the stellar share price performance over the last few years.
Read MorePost Title - LORDS HOTELS AND RESORTS: All set to hit first half-century
In just a dozen years of its existence, Lords Hotels and Resorts already has 41 properties under its belt and is aggressively aiming for many more.
Read MorePost Title - November 2021 First Issue
After a listless, colourless and spiritless Diwali last year at the end of Vikram Samvat 2076.
Read MorePost Title - Portfolio Choice
Neogen Chemicals is a leading manufacturer of speciality chemicals based on bromine and lithium.
Read MorePost Title - Market Winds
A knowledgeable HNI has turned bullish on Grasim and has started accommodating its shares.
Read MorePost Title - Will Reliance pocket Zee?
As Zee and shareholder Invesco are getting ready for a bidding war, every investor is waiting for a counter bid for Zee from a rival.
Read MorePost Title - Tatas on sticky e-com wicket
The Tata group, a late entrant to e-commerce, is planning yet another risky venture called TataNeu.
Read MorePost Title - Tatas could bring AI back in the black
It’s more or less certain that the Tatas will take over Air India from the Indian government.
Read MorePost Title - Reliance Retail goes hyper on e-com
Despite the Covid pandemic’s deadening effect on retail business, Reliance Retail has been opening stores in tier 2 cities, as per UBS.
Read MorePost Title - Pole player in VFX, animation
After acquiring the entire stake from IDBI trustees and the Anil Dhirubhai Ambani group (ADAG).
Read MorePost Title - Astra Microwave Products: Going great guns on defence items
We are taking adequate steps to take advantage of recent government decisions to encourage the domestic defence industry for supply of critical defence equipment for our armed forces.
Read MorePost Title - Debt-hit Evergrande’s global tremors
The stimulus-driven economic recovery and massive vaccination campaigns in the US could generate herd immunity a little earlier than anticipated.
Read MorePost Title - ROSSARI BIOTECH: Chem solutions for every segment
Speciality chemicals stocks have of late been ruling the roost on the Indian stock exchanges, and we have selected a unique speciality chemicals company in Rossari Biotech as the Fortune Scrip for this fortnight.
Read MorePost Title - Can Modi tame inflation monster?
As if the renewed rise in prices of petrol and diesel was not enough, the government has jacked up the prices of natural gas which has led to a spurt in prices of CNG as well as PNG.
Read MorePost Title - Electric Vehicle Economy: Exciting Times Are Aheads
While other segments of the Indian economy are yet to come out of the clutches of the Covid pandemic.
Read MorePost Title - PLI SCHEME: Booster shot for economy?
The PLI (production linked incentive) scheme for various industries has been announced over the last few months, though the initial push was provided in 2020.
Read MorePost Title - September 2021 Second Issue
As if the renewed rise in prices of petrol and diesel was not enough, the government has jacked up the prices of natural gas which has led to a spurt in prices of CNG as well as PNG.
Read MorePost Title - Portfolio Choice
An extraordinary company, SRF Ltd (earlier known as Shri Ram Fibres) is a chemical-based multi-business conglomerate engaged in the manufacture of industrial and speciality intermediates.
Read MorePost Title - Market Winds
Shareholders of Berger Paints, the second largest paints maker in the decorative segment.
Read MorePost Title - Core Sector growth in July: Growth is up but not yet at pre-pandemic level
The output of the eight core sectors grew by 9.4% in July 2021, this growth coming against a contraction of 7.6% in July 2020.
Read MorePost Title - Growth of economy in Q1 FY22: Govt spend shoring up GDP
The Indian economy has registered high growth in Q1FY22 vis-a-vis Q1FY21.
Read MorePost Title - Govt’s clean-up diktat to IL&FS
The Indian government is losing patience with the slow pace of debt resolution at IL&FS even three years after changing the board and assigning Uday Kotak to salvage the sinking ship.
Read MorePost Title - Tata Chemicals: Focus on investment, cash flow, deleverage
Maintaining that the prospects for Tata Chemicals are quite encouraging, MD and CEO R Mukandan says.
Read MorePost Title - Flawed law mocks debt resolution
The Modi government had come out with a brand new law to tackle the bad debt mess which had touched as high as Rs 10.5 trillion in 2016.
Read MorePost Title - Electric Vehicle Economy: Exciting Times Are Aheads
Well aware of the ‘doomsday’ effect of skyrocketing crude, petrol and diesel prices and the alarming pollution levels from current automobile technology.
Read MorePost Title - Don’t kill the telecom goose
The Indian telecom sector has made rapid strides, emerging by April 2021 as the second largest globally with a total subscriber base in the country of 1,203.47 million – very nearly the population of India.
Read MorePost Title - Don’t kill the telecom goose
The Indian telecom sector has made rapid strides, emerging by April 2021 as the second largest globally with a total subscriber base in the country of 1,203.47 million – very nearly the population of India.
Read MorePost Title - Variable statistics, variable economy!
The Ministry of Statistics has released the first quarter GDP (gross domestic product) and GVA (gross value added) for the first quarter of the current financial year.
Read MorePost Title - Chlor alkali Industry: Modernising to stay competitive
Although it does not grab headlines like the petrochemical and pharmaceutical industries, the chlor-alkali industry is a very important segment which has contributed significantly to the growth of the chemical and allied industries.
Read MorePost Title - Birla desperate to say ta-ta to telecom
The Birla group has set an internal target to exit the telecom business by the end of the current fiscal. The group is ready to sell its 27% stake in the company even for Re 1.
Read MorePost Title - B2B conquered, B2C in sights
The wires and cables sector has assumed a lot of importance of late, particularly on account of the remarkable stress on infrastructure development by the government as well as because of a fast-growing real estate industry.
Read MorePost Title - All eyes on govt’s family silver sales
With the Indian government planning to sell its assets worth Rs 6 trillion, all eyes are on which group will bag which asset.
Read MorePost Title - September 2021 First Issue
The Indian telecom sector has made rapid strides, emerging by April 2021 as the second largest globally.
Read MorePost Title - Portfolio Choice
Dixon Technologies is India’s home-grown, leading electronics manufacturing services provider.
Read MorePost Title - Market Winds
An equity research outfit of a leading bank is bullish on VIP Industries, a leading manufacturer of various types of luggage.
Read MorePost Title - Will Maharashtra politics dance to BJP-Adani tune?
The Shiv Sena has taken an aggressive stand on the Adani group after the latter took over the Mumbai airport.
Read MorePost Title - Vehicle scrap law, win-win for all
New Delhi has finally greenlighted the much-awaited vehicle scrapping policy.
Read MorePost Title - Retail Inflation: Crude prices stoking inflation
The pace of headline inflation (CPI) eased to a three-month low in July 2021 at 5.59% against 6.26% in June 2021, bringing it back within the RBI’s tolerance band of 2-6%.
Read MorePost Title - STOCK MARKETS: Corona can still nix markets
India’s markets have been making and breaking new lifetime highs for the past few days, mirroring global indices as they rose to new peaks.
Read MorePost Title - Piramal: One foot in Tata camp, one in Ambani’s
The appointment of Ajay Piramal on the Tata Sons board has raised some eyebrows as well as some issues.
Read MorePost Title - Moving spirit behind global ISKCON
Srila Prabhupada had a dream of building a ‘house’ where the whole world could live together. He wanted to guide the human race with the true spiritual knowledge of India.
Read MorePost Title - Aiming for Rs 10,000 crore revenue in 3 years
Maintaining that “our company is aiming at achieving Rs 10,000 crore revenues in the next three years.
Read MorePost Title - Speciality chemicals rock the market
How far has India come in the 75 years since it threw off its colonial shackles and stepped onto the highway of freedom and the attendant obligations of self-development and selfreliance.
Read MorePost Title - IIP still in recover still in recover still in recovery mode
The IIP, measuring industrial output, moderated to 13.6% in June 2021 compared with 28.6% in May 2021 and degrowth of 16.6% in June 2020.
Read MorePost Title - Goyal silenced by Tata-loving PM
The recent unexpected broadside by Commerce Minister Piyush Goyal at the Tata group has taken the entire political world by surprise.
Read MorePost Title - Good show, but on low base
India Inc has started the new fiscal year 2022 on a highly encouraging note. According to a study by Care Ratings.
Read MorePost Title - Crash landing for Spice, GoAir?
Thanks to the continuous lockdowns in the country since March last year, at least two airlines, GoAir and Spice Jet, need urgent cash infusions.
Read MorePost Title - August 2021 Second Issue
New Delhi has finally greenlighted the much-awaited vehicle scrapping policy.
Read MorePost Title - September IPO Boom: 47 Companies Raise Rs.16,000 Crore with Retail Investors Driving Momentum
The Indian IPO market witnessed a significant surge in September 2024, with 47 companies collectively raising Rs.16,152 crore.
Read MorePost Title - Hindustan Zinc: A 327% Total Return in Five Years, Despite Recent Volatility
Hindustan Zinc Limited (NSE: HINDZINC) may have experienced a 23% decline in its share price over the past quarter, but long-term shareholders still have plenty to celebrate.
Read MorePost Title - Portfolio Choice
Computer Age Management Services (CAMS) Ltd, a Chennai-based mutual fund transfer agency to Indian asset management companies.
Read MorePost Title - Market Winds
A high networth investor (HNI) who is accumulating Gland Pharma stocks for quite some time is bullish on the stock as the company has cocked a snook at outlook estimates and valuations.
Read MorePost Title - Asset purchases lift US economy: May impact India inflow
The US Federal Reserve at its latest monetary policy meeting, the fifth in 2021.
Read MorePost Title - Tata IPOs, Chandra’s route to second term?
With almost all the big groups including Reliance, Adani and Birlas planning IPOs of their respective businesses, can the Tatas be far behind?
Read MorePost Title - Speciality chemicals rock the market
The Indian speciality chemicals sector has never had it so good, and even the coronavirus — which has laid countries.
Read MorePost Title - Overseas ‘no’ on Covaxin, a blow to Bharat Biotech
Even though the Indian government’s vaccine policy is tilted in favour of local companies like Bharat Biotech, foreign governments are not clearing the vaccine for travel to their countries.
Read MorePost Title - Our Future Is In Greenfield Expansion
National Aluminium Company (NALCO), a PSU, has chalked out a highly ambitious road map for multi-fold growth in its topline as well as bottomline by the year 2032.
Read MorePost Title - Indices augur well for economy
CARE Ratings’ Economic Meter (CEM) shows the monthly progress of the state of the economy based on 11 high-frequency indicators.
Read MorePost Title - Sick economy needs strong stimulus
For the first time in its 7-year rule, the Narendra Modi government has taken a courageous and progressive policy decision on the economic front — with significant long-term implications — to axe the controversial retrospective tax law.
Read MorePost Title - Contributing to Odisha’s Covid war
Vedanta Aluminium, India’s largest producer of aluminium and its value-added products, has dedicated a second Covid facility to the people of Odisha, developed at Eklavya Model Residential School in Deogarh.
Read MorePost Title - We see Rs 2,000 cr revenues in fiscal 2022
As on March 31, 2021, our company has a robust order book worth Rs 8,720 crore (excluding Mhada). Of this, 62 per cent (Rs 5,440 crore) is from the public sector and the balance from the private setor.
Read MorePost Title - Targeting Rs 100,000-crore business mark in a couple of years
Though the Covid-19 pandemic has slowed the pace of growth of Tamil Nadu-based City Union Bank (CUB) – the oldest private sector bank in the country operating for over a century.
Read MorePost Title - Bajaj buys out old partner in Mukand
The Bajaj group will soon establish total control over Mukand Ltd, a manufacturer of alloy steel, stainless steel and stainless steel billets.
Read MorePost Title - Amazon Pips Ril Fututre Ourtesy Singapore Court
Despite foreign direct investment not allowed in the Indian retail sector, Amazon has successfully managed to nix Reliance Retail’s acquisition of Future’s businesses.
Read MorePost Title - Adani takes on Ambani in petrochem sector
Within weeks of Mukesh Ambani announcing that he will enter the renewable power sector with a Rs 75,000 crore investment.
Read MorePost Title - August 2021 First Issue
For the first time in its 7-year rule, the Narendra Modi government has taken a courageous and progressive policy.
Read MorePost Title - Portfolio Choice
Affle India is a global technology company with a proprietary consumer intelligence platform that delivers consumer engagement, acquisitions and transactions through relevant mobile advertising.
Read MorePost Title - Market Winds
Maintains an observer of the stock market, operators are active on the Anil Ambani group companies and retail investors have started showing keen interest in these stocks.
Read MorePost Title - Wholesale inflation to remain in double digits
The wholesale price-based inflation eased marginally to 12.07 per cent in June as crude oil and food items witnessed some softening in prices.
Read MorePost Title - EPC orders highest in 25 years
At the end of the last fiscal year (March 31, 2021), our EPC order book at Rs 8,437 crore was the highest-ever in the quarter-century history of Welspun Enterprises.
Read MorePost Title - Wadia airline IPO still in the hangar
The much-trumpeted IPO to raise Rs 3,600 crore by GoFirst Airline, an ultra low-cost airline owned by the Wadia family, may not to be see the light of day very soon.
Read MorePost Title - Steel Sector: Boomtime To Continue
The Indian steel sector, in tandem with the global steel scenario, has come out all guns blazing from the shadow of the Covid-19 pandemic.
Read MorePost Title - Sick economy needs strong stimulus
India’s economy is facing an unprecedented crisis. In the last decade or so, no proper attention has been paid to build an economy that ensures employment to all, adequate per capita income to maintain a family, and welfare schemes to take care of the masses.
Read MorePost Title - Probe unlikely to hinder mega issues of ABG MF, Ruchi Soya
Two mega share sales by Aditya Birla Asset Management and Ruchi Soya are facing regulatory delays.
Read MorePost Title - NBFC defaults
If banking insiders are to be believed, the NBFC sector is staring at huge defaults from its customers.
Read MorePost Title - Hapless lenders take Sintex to NCLT
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has admitted an insolvency petition against textile company Sintex Industries after it failed to pay over Rs 7,000 crore to a group of lenders led by Punjab National Bank – the company owes PNB Rs 1,203 crore.
Read MorePost Title - David with a Goliath’s record
Our readers may be intrigued by my selecting a small cap company as the Fortune Scrip for this fortnight.
Read MorePost Title - Post-Covid demand spurs prices
Crude oil production in India during May 2021 declined by 6.3% yoy to 2,438 thousand metric tons (tmt), while cumulative production for the initial two months of FY22 declined by 4.2% yoy to 4,931 tmt.
Read MorePost Title - EPC orders highest in 25 years
Century Textiles and Industries, a BK Birla group company with a 123-year-old legacy, has a wide presence in paper and pulp (which contributes around 70 per cent of revenues), textiles (23 per cent) and real estate (6 per cent).
Read MorePost Title - GODAWARI POWER AND ISPAT: A Remarkable BiMiracle
Powered by the inspiring stewardship of Managing Director B L Agarwal, Godawari Power and Ispat (GPIL), the integrated steel company having captive iron ore mines to manufacture iron ore pellets.
Read MorePost Title - Analysts see India growth story
India’s GDP shrank 7.3% to Rs 135.13 trillion in 2020-21 in real terms adjusted for inflation, while it was at Rs 145.69 trillion in 2019-20.
Read MorePost Title - July 2021 First Issue
India’s economy is facing an unprecedented crisis. In the last decade or so, no proper attention has been paid to build an economy that ensures employment to all.
Read MorePost Title - Portfolio Choice
Hindustan Unilever, the undisputed market leader in the FMCG space.
Read MorePost Title - Market Winds
A research analyst working with a mutual fund recommends investment in Rail Vikas Nigam Ltd (RVNL), a wholly owned subsidiary of Indian Railways which is involved in building rail infrastructure.
Read MorePost Title - INFLATIONARY PRICE SPIRAL: WPI at record high of 12.9%
Wholesale inflation has inched up to a record high of 12.9% in May 2021 from 10.5% in April 2021 and 3.4% deflation in May 2020.
Read MorePost Title - Where to Invest in 2021?
The global metals sector, like most other economic segments, was seriously impacted by the first wave of the Covid-19 pandemic in early 2020.
Read MorePost Title - What’s behind roller What’s behind roller-coaster ride of Adani group scrips?
Will the stock market be hit by the Adani scandal? Or are the rumours and reports that have become the talk of Dalal Street meant to deliberately mislead the investing community.
Read MorePost Title - Spokes in Piramal’s DHFL acquisition
Ajay Piramal’s acquisition of DHFL is not going as per plan. The former promoter of DHFL, Kapil Wadhawan, has moved the Supreme Court with his own offer for the company.
Read MorePost Title - Markets take Covid in their stride
The second wave of the COVID-19 pandemic has destabilized the country’s medical infrastructure, leaving citizens scrambling helplessly for oxygen and hospital beds.
Read MorePost Title - Is ILFS ex-chief’s arrest good news for lenders?
After almost four years of IL&FS going bankrupt, its former chairman Ravi Parthasarathy has been arrested by the Chennai police.
Read MorePost Title - Inflation booms, govt dozes
Under the pretext of focusing all its energies on tackling Covid-19 and the host of problems created by the pandemic, the Union government has turned a deaf ear to the other serious problems facing the economy.
Read MorePost Title - Friend of growers, ally of textile mills
Very rarely does one come across a business entity that has been set up to protect the interests of both producer and consumer. Cotton Corporation of India is the rare exception.
Read MorePost Title - Fertiliser stocks riding govt’s subsidy sop
Following up on its recent strategy to woo the farm sector, the government has hiked the total fertiliser subsidy for fiscal 2022 by Rs 14,775 crore.
Read MorePost Title - New refinery will produce BS-VI ready fuels
Chennai Petroelum Corporation (CPCL) is setting up a 9 million mtpa refinery at its existing facility at Nagapattinam in Tamil Nadu, the foundation stone for which was laid by Prime Minister Narendra Modi recently.
Read MorePost Title - Chandras 2nd inning hinges on online foray
Tata group chairman N Chandrasekaran has started a new venture — Tata Digital – which he hopes will make a splash in online retailing.
Read MorePost Title - Focused strategy boost topline
Focused investments, interventions and actions taken in the second half of 2020 towards brand-building with increased marketing and advertising spends.
Read MorePost Title - June 2021 First Issue
Under the pretext of focusing all its energies on tackling Covid-19 and the host of problems created by the pandemic.
Read MorePost Title - BHEL Shares: A Promising Investment with Target Returns of 106% for 2024
Bharat Heavy Electricals Limited (BHEL), the state-owned engineering giant, has recently secured a significant contract valued over Rs.6,100 crore (excluding GST) for the construction of the 800 MW Sipat Supercritical Thermal Power Project.
Read MorePost Title - IRFC Share Price Insights: Is It Time to Buy, Hold, or Sell?
As of October 11, 2024, the Indian Railway Finance Corporation (IRFC) is experiencing a modest upward movement in its share price.
Read MorePost Title - Vedanta Postpones Board Meeting for Fourth Interim Dividend
In a recent announcement, Vedanta Ltd. has canceled its scheduled board meeting intended to discuss its fourth interim dividend for the current financial year.
Read MorePost Title - October Tips: Top 5 FMCG Stocks Recommended for Investment: Analysts Weigh In
In the fast-moving consumer goods (FMCG) sector, analysts are highlighting five key stocks that could offer substantial returns and dividend income for investors.
Read MorePost Title - Indian Energy Exchange Reports Impressive Growth in September Volumes Amid Stable Monsoon
The Indian Energy Exchange (IEX) has garnered attention recently as it reported robust trading volumes for September 2024, reflecting a significant uptick in both electricity and renewable energy certificate (REC) trading.
Read MorePost Title - Suzlon Energy Shares Soar Over 9% Amid Competitive Wind Turbine Bids for Tata Power
Shares of Suzlon Energy have witnessed a notable surge of over 9%, reaching Rs 80.47 on the Bombay Stock Exchange (BSE) in Wednesdays trading session.
Read MorePost Title - Hyundai Motor India to Launch India’s Biggest IPO Worth Rs 27,856 Crore
South Korean auto giant Hyundai Motor Company (HMC) is set to make history with the largest initial public offering (IPO) in India.
Read MorePost Title - GST Portal Launches Invoice Management System (IMS) to Enhance Input Tax Credit Accuracy
In a pivotal advancement for the Goods and Services Tax (GST) framework, the GST Common Portal introduced the Invoice Management System (IMS) on October 14, 2024.
Read MorePost Title - Indian Rupee Hits Record Low of 83.99 Against the US Dollar Amid Rising Oil Prices and Foreign Fund Outflows
The Indian rupee has hit a new all-time low against the US dollar, sinking to 83.99 on Friday.
Read MorePost Title - Navratri Festive Season Sparks Rs 50,000 Crore Economic Surge Across India
The recent celebrations of Durga Puja, Navratri, and Ramleela have not only strengthened Indias cultural traditions but also significantly boosted the nation’s economy.
Read MorePost Title - India’s Economy Sees Moderate Growth in Q2 Amid Varied Sectoral Performance
India’s economy has shown signs of a modest recovery, following a muted growth rate of 6.7% in the first quarter of FY25, according to economists.
Read MorePost Title - Oil Prices Surge Amid Israel-Iran Conflict: A Week of Record Gains
International crude oil prices experienced a significant surge over the past week, marking their largest weekly gain in more than a year.
Read MorePost Title - Haryana and J&K Exit Polls 2024: Potential Impact on Sensex and Nifty
The outcomes of the recent state elections in Haryana and Jammu & Kashmir are not expected to drastically shift the market landscape but may still keep investors on edge.
Read MorePost Title - Sensex and Nifty Plunge Over 1,800 Points Amid Iran-Israel Conflict and SEBI Rules: Key Insights
On Thursday, October 3, 2024, Indian stock markets witnessed a sharp sell-off as the Sensex and Nifty50 plunged significantly due to escalating geopolitical tensions between Israel and Iran.
Read MorePost Title - Gold Prices See Volatile Movement Amid Israel-Iran Conflict: Should You Invest Now?
Amid global market fluctuations, the gold price in India climbed 0.60% last week, closing at Rs.76,190 per 10 grams, while international spot gold prices dipped by 0.40% to $2,653 per troy ounce.
Read MorePost Title - Portfolio Choice
Indus Towers, formed by the merger of Bharti Infratel with Indus Towers, has emerged as the largest tower company in the world outside China.
Read MorePost Title - Market Winds
A septuagerian, knowledgeable stock broker is bullish on ICICI Securities.
Read MorePost Title - Wadias’ turf war over airline name
Are the Wadias of the Bombay Dyeing group fighting with each other? The draft prospectus of GoFirst Airlines shows that Jeh Wadia, son of Nusli Wadia.
Read MorePost Title - PM’s dream project ‘binds’ Tatas, SP!
The Tatas are constructing the monumental Central Vista project while their arch rival, the Shapoorji Pallonji (SP) group, is doing the redevelopment of Rajpath in New Delhi.
Read MorePost Title - MRPL: Merger with HPCL to happen within a year
The acquisition of OMPL (ONGC Mangalore Petrochemicals Ltd) by MRPL is the first step towards consolidation of our downstream business.
Read MorePost Title - Making big strides beyond the ‘puff’
Many eyebrows will be raised at our decision to select ITC as the Fortune Scrip for this fortnight.
Read MorePost Title - India Inc in grip of lockdowns… again
Indian companies are staring at another dismal washout year as demand falls due to lockdowns, with several states imposing various restrictions in a desperate bid to control the rampaging second wave of the Covid-19 pandemic.
Read MorePost Title - Pandemic pill: Huge fiscal push needed
There can be no two opinions about the economic devastation caused by the Covid-19 pandemic across the globe, and India is no exception.
Read MorePost Title - Covid 2.0 puts paid to recovery
India’s second Covid wave may wreck the expected solid recovery in the economy and credit conditions.
Read MorePost Title - Covid 2.0 puts brakes on NBFCs
CARE Ratings expects the second wave of COVID-19 to adversely affect asset performance with credit costs expected to remain high in FY21 and FY22.
Read MorePost Title - Costly food driving retail inflation
Headline inflation based on the Consumer Price Index (CPI) has grown at a CAGR of 5.8% during the last ten years (FY12 to FY21).
Read MorePost Title - Centre’s ‘bad bank’ move is a bad idea
Indian banks are planning to set up a new ARC and transfer their bad debt to the new entity. The only problem is that all PSU banks already have ARCs which have not make a difference to the bad loans situation.
Read MorePost Title - Blind to agony of the living
While a beleaguered Union government as well as state governments are preoccupied with tackling healthcare problems exacerbated by the Covid-19 pandemic.
Read MorePost Title - Covid Second Wave: Big Blow To Economy
A short-sighted government at the Centre thought the worst was over when the first wave of the deadly coronavirus seemed to have subsided.
Read MorePost Title - Ambani eyes Gokaldas
India’s richest person, Mukesh Ambani, who manages the country’s largest corporate entity, Reliance Industries, is reported to be eyeing Gokaldas Exports, a well-known Bengaluru-based manufacturer and exporter of readymade garments.
Read MorePost Title - May 2021 Second Issue
While a beleaguered Union government as well as state governments are preoccupied with tackling healthcare problems exacerbated by the Covid-19 pandemic.
Read MorePost Title - Portfolio Choice
Hyderabad-based Aurobindo Pharma is a leading Indian pharmaceutical company which earns almost 90 per cent of its revenues from abroad.
Read MorePost Title - Market Winds
A research analyst working with a leading mutual fund says investors should not get depressed by the fall in revenues of CDSL during Q3FY21 as compared to the previous quarter.
Read MorePost Title - Top HR award for Lucky Kulkarni
Ms Lucky Kulkarni, Country Head-HR of Jeena & Company, was recently presented with the ‘HR Super Achiever (India) Award’ at the World HRD Congress presented by Times Ascent, for strategic HR intervention and driving the HR initiative for Jeena & Company.
Read MorePost Title - INDUSTRIAL OUTPUT: Most sectors in de-growth boat
Industrial production contracted to a 6-month low of 3.6% in February 2021, though better than CARE Ratings’ estimate of 5.7% during the month.
Read MorePost Title - Boomtime Ahead: IT Cocks Snook At Pandemic
While the Covid pandemic has savaged an Indian economy that was already in the doldrums, it has, rather incredibly.
Read MorePost Title - Highest increase since FY16
India’s headline inflation as measured by the consumer price index (CPI) rose to a fourmonth high of 5.5% in March 2021, largely owing to the rise in fuel prices and higher prices of food items.
Read MorePost Title - Pride group of hotels: Going all out for guests’ safety
The Pride Group of Hotels has begun welcoming its guests by adopting measures for a safe and hygienic experience under the ‘Pride Safety Assurance’ initiative.
Read MorePost Title - DHFL shareholders left in the lurch
Shareholders of the bankrupt DHFL are an angry lot. After the Piramal acquisition plan left nothing for them on the table, one of the shareholders has moved the Bombay High Court seeking compensation.
Read MorePost Title - Boomtime Ahead: IT Cocks Snook At Pandemic
Despite the entire financial year 2020-21 being overshadowed by the pandemic, Indian corporates raised an all-time high amount of Rs 1,88,900 crore through the public equity markets.
Read MorePost Title - Covid 2.0 upends forecasts
Just as the nightmare that was fiscal 2020-21 was growing distant in the rear view mirror and the nationwide depression over the coronavirus was slowly fading as infections and fatalities dropped.
Read MorePost Title - Covid could jinx govt’s divestment programme
The Modi government has decided to undertake a major privatisation drive starting this October. This includes stake sales in LIC, IDBI Bank and Bank of Maharashtra.
Read MorePost Title - Coffee Day turns ‘night’ for lenders
The promoter of Coffee Day Enterprises, VG Siddhartha, committed suicide in July 2019, leaving behind a mountain of debt spread across a string of companies.
Read MorePost Title - Bankruptcy ghost haunts Kocchar
It’s a strange twist of fate. Chanda Kochhar, the sacked MD and CEO of ICICI Bank, once used to take decisions to send other companies to bankruptcy courts for loan defaults.
Read MorePost Title - Bharat Forge Ltd. Aiming to emerge global player in defence
BFL will become a global player in defence sector in the next 5-6 years. However, the company’s primary focus will continue to be automotive and automotive related businesses.
Read MorePost Title - April 2021 Second Issue
Just as the nightmare that was fiscal 2020-21 was growing distant in the rear view mirror and the nationwide depression over the coronavirus was slowly fading as infections and fatalities dropped
Read MorePost Title - RIL Shares Drop from Record High: Is This the Right Time to Invest?
Shares of Reliance Industries Ltd. (RIL), Indias largest company by market capitalization, have experienced a decline of 8.95% from their all-time high of Rs.3,217.90, which was reached on July 8, 2024.
Read MorePost Title - Paytms Resurgence: Analysts Predict Strong Growth and Early Profitability
Paytm has made a remarkable comeback, with its stock price jumping 103% to Rs.731 in the last five months. This resurgence follows a challenging first half of the year marked by regulatory issues.
Read MorePost Title - September Auto Sales: Two-Wheelers Surge While Passenger Vehicles Struggle
September 2024 brought a robust performance in the two-wheeler segment, driven by increased electric vehicle sales and strong exports.
Read MorePost Title - Indias Economic Slowdown and the Potential of Festive Spending
India’s economy has encountered a slowdown just as the festive season begins, leaving many wondering if this period of increased consumer activity could reignite growth.
Read MorePost Title - New ITC Ledger System to Combat GST Fraud Expected by November
The Union Ministry of Finance is ramping up its efforts to tackle fraudulent claims of Input Tax Credit (ITC) under the Goods and Services Tax (GST) framework.
Read MorePost Title - NDR Auto Components Announces Bonus Issue Amidst Remarkable Growth: Here What You Need to Know
NDR Auto Components, a multibagger stock in the auto ancillary sector, has achieved significant returns for its investors in 2024.
Read MorePost Title - Government Set to Invite Industry Feedback for Income Tax Act Review in October
The Indian government is preparing to invite suggestions from private sector stakeholders and tax experts starting in October as part of its initiative to simplify the Income Tax Act of 1961.
Read MorePost Title - IT Giants Poised for Q2 Results: Analysts Predict Share Price Targets for Key Players
As the second quarter (July-September) results approach, stock market analysts are closely tracking the performance of leading Indian IT firms.
Read MorePost Title - TCS Set to Announce Q2 Results and Consider Second Interim Dividend: Key Dates and Details
Tata Consultancy Services (TCS), a leading IT services provider, is gearing up to announce its financial results for the second quarter (July-September) of the fiscal year 2024.
Read MorePost Title - GSTN Introduces Data Archival Feature on GST Portal: Taxpayers Advised to Secure Old GST Returns
The Goods and Services Tax Network (GSTN) has implemented a significant update to its policies regarding the storage and accessibility of GST returns on the GST portal.
Read MorePost Title - Vedanta Gears Up for Fourth Dividend in FY25: Record Date and Dividend History Revealed
Vedanta Ltd, led by Anil Agarwal, is preparing to announce its fourth interim dividend for the financial year 2024-25.
Read MorePost Title - RPower Shares Surge to New 52-Week High: Is it Time to Exit This Multibagger?
Reliance Power Ltd (RPower), led by Anil Ambani, has shown a strong upward trajectory, with shares reaching a fresh 52-week high.
Read MorePost Title - Vedanta to Announce Fourth Interim Dividend for FY25: Record Date Set for October 16
The Board of Directors of Vedanta, a leading Indian multinational mining corporation, will convene on October 8, 2024, to discuss and potentially declare the fourth interim dividend for the fiscal year 2024-25.
Read MorePost Title - India’s Economic Outlook: Government Capex Set to Boost Growth Amid Inflation Ease
India’s economic momentum, which slowed in the first quarter of fiscal year 2024-25 due to reduced government capital expenditure ahead of the upcoming general elections, is expected to accelerate in the coming months.
Read MorePost Title - ICICI Lombard General Insurance: Vaccines will boost hospitality biz
Better days are ahead for ICICI Lombard General Insurance Company, which has managed to maintain its profits in Q3FY21 mainly from capital gains.
Read MorePost Title - 10 Small Cap Growth Stocks
What the visionary father started and nurtured, the ultra-ambitious son has taken to even greater heights.
Read MorePost Title - Stocks take a hit from rising bonds
The bond market has sprung back to life over the past few weeks with yields shooting higher and shaking faith in the stock market rally.
Read MorePost Title - Portfolio Choice - TATA CHEMICALS, One-stop shop for cables, Recovering from Covid slump
Tata Chemicals, a prestigious member of the Tata group, is an eight- decade-old commodity player which is now engaged in an exercise to reinvent itself as a speciality and consumer products company.
Read MorePost Title - Market Winds
A septuaganerian stock broker of the erstwhile Pune stock exchange favours investment in Bank of Maharashtra which is available at an attractive price.
Read MorePost Title - IPO cash chest awaits Birla
With the new issues market seeing an unprecedented boom, even the big boys of India Inc. don’t want to be left behind.
Read MorePost Title - In search of economic revival
At last, there is some good news on the economic front. A year after the Covid-19 outbreak wreaked havoc not just with Indian lives but with the country’s economy.
Read MorePost Title - Q3 good, but FY21 GDP still negative
The Indian economy emerged from recession and returned to growth in the quarter of October-December 2020, following two successive quarters of contraction.
Read MorePost Title - Tata Empire: Conglomerate with a conscience
The book under review is not merely a historical account depicting the growth story of the 150-year-plus Tata empire spread over several countries across the globe.
Read MorePost Title - V-MARC INDIA LTD.: An attractive offer price
Haridwar-based V-Marc India, a well-known manufacturer of BIS and CE certified wires and cables under the popular brand V-Marc has embarked upon a capital expenditure programme to set up a green field manufacturing facility at Roorkee.
Read MorePost Title - Adanis’ appetite keeps growing
The Adani group’s energy companies are witnessing a massive spike in the Indian stock market with the combined market capitalisation of the group’s energy companies skyrocketing them to among the top 20 energy companies in the world.
Read MorePost Title - March 2021 First Issue
Explore the First issue of March 2021 on Corporate India for insightful analyses, market trends, and expert commentary on business finance and investments. Delve into premium content featuring strategic perspectives, industry updates, and thought-provoking articles to empower your financial decisions. Stay ahead in the dynamic financial landscape with exclusive insights and valuable information from Corporate India. Subscribe now to access a wealth of knowledge in each issue and make informed decisions to drive your financial success.
Read MorePost Title - Bajaj Auto Stock Set to Surge: Analysts Predict Bullish Trend After Rs.11,856
Bajaj Auto, one of Indias leading motorcycle and scooter manufacturers, has garnered attention for its impressive stock market performance.
Read MorePost Title - Tata Groups Trent Eyes RS.9,250 Target Amidst 250% Surge in 12 Months
Shares of Trent Ltd., Tata Groups fashion and lifestyle arm, have seen a remarkable surge of nearly 254% over the last 12 months, and global brokerage firm Citi has set a bullish target for the stock.
Read MorePost Title - Moody’s Upgrades India’s 2024 Growth Forecast to 7.1% Amid Positive Regional Trends
Moody’s has revised India’s growth projection for 2024 to 7.1%, an increase from its previous estimate of 6.8% in June.
Read MorePost Title - Swiggy Secures SEBI Nod for IPO, Plans to Raise Over $1 Billion in November
Swiggy, one of India’s leading food delivery platforms, has received approval from the Securities and Exchange Board of India (SEBI) for its highly anticipated Initial Public Offering (IPO).
Read MorePost Title - HDB Financial Services to Raise Rs2,500 Crore via IPO: A New Opportunity for Investors
HDB Financial Services, a subsidiary of India’s largest private lender HDFC Bank, has announced plans to raise Rs2,500 crore through an initial public offering (IPO).
Read MorePost Title - Cochin Shipyard Stock Soars 10% After Four-Day Decline: A Strong Comeback?
Cochin Shipyards shares rebounded sharply on Friday, putting an end to a four-day losing streak. The stock rose by 10%, reaching an intraday high of Rs1,846.55.
Read MorePost Title - Will retail investors burn their fingers?
It’s well-known that everyone loves a bull market. With the BSE Sensex at a new high, all eyes are on the next big multi-bagger.
Read MorePost Title - Strong rebound in Q3-FY21
After a sharp deterioration in corporate performance (especially in the topline of corporates) in the first two quarters of FY21.
Read MorePost Title - PSBs in wishlist of Tatas, Birlas
The sale of public sector units is on and almost all such companies are being put under the hammer by the present government. The market too is going ballistic over PSU shares, whose prices are touching new highs.
Read MorePost Title - Portfolio Choice - WHIRLPOOL OF INDIA, Riding Consumer Yen For Packaging, TATA STEEL BSL
Whirlpool of India (WOIL) is one of the leading manufacturers and traders of electric home appliances such as refrigerators and washing machines.
Read MorePost Title - Place auto fuel under GST
It is unbelievable but true that petrol prices in India have hit the century mark, something unprecedented in the economic history of the country.
Read MorePost Title - Merger hurdles for Shriram Capital
The Chennai-based Shriram group is initiating talks with its insurance joint venture partner Sanlam to sell part of its stake, which will help it get RBI permission to merge its unlisted flagship, Shriram Capital, with listed entities.
Read MorePost Title - Market Winds
A knowledgeable septuagerian stock broker insists that prospects for the company in the near term are not that encouraging and hence it is not advisable to buy these stocks at this juncture.
Read MorePost Title - Gateway Distriparks: Logistics business is on the rebound
With the logistics industry entering a bullish phase, prospects for Gateway Distriparks, the segment leader, have improved substantially, reveals Kishan Dass Gupta, Chairman and Managing Director.
Read MorePost Title - Larsen & Tourbro Healthy order book, despite Covid
Revealing that the order inflow at Larsen & Toubro has zoomed by 76 per cent during Q3FY21 to Rs 73,233 crore, P Ramakrishnan.
Read MorePost Title - Boosting gig sector is need of the hour
A veritable legend in the South Kanara and Udupi regions, Dr Rajendra Kumar has been a shining figure in the co-operative movement by uplifting the economic status of the poorer classes and farmers through a slew of enabling measures.
Read MorePost Title - Gateway Distriparks: Logistics business is on the rebound
Maintaining that “South Indian Bank has conducted restructuring of loans of Rs 44 crore during Q3FY21 under a one-time restructuring framework of the RBI for Covid-19 stress,
Read MorePost Title - FDI inflows buck pandemic
While the economy continued to grapple with technical recession in the first half of fiscal year 2020-21, a positive development has been an increase in Foreign Direct Investment (FDI) inflows in the country during the first half of 2020-21.
Read MorePost Title - CSR comes of age in Covid times
India Inc has shown that it can rise above profit-and-loss considerations in a time of grave crisis like the present, when millions of Indian lives have been ravaged by the coronavirus pandemic.
Read MorePost Title - Boosting gig sector is need of the hour
Questions around the role of the government and who bears the onus of protecting workers deserve a careful consideration in the backdrop of the rising incidence of informal employment in the formal sector and the growth of the gig economy.
Read MorePost Title - Bank loans, IPO blues for GoAir
Nusli Wadia, patriarch of Bombay Dyeing and other Wadia group companies, is in talks to raise funds by way of an IPO for its struggling Go Airline.
Read MorePost Title - 10 Small Cap Growth Stocks
With the stock market soaring on the back of global liquidity infusions, the common investor faces the dilemma of having to cough up big bucks for highpriced stocks even as there is uncertainty of how long the bull run will last.
Read MorePost Title - February 2021 Second Issue
Explore the second issue of February 2021 on Corporate India for insightful analyses, market trends, and expert commentary on business finance and investments. Delve into premium content featuring strategic perspectives, industry updates, and thought-provoking articles to empower your financial decisions. Stay ahead in the dynamic financial landscape with exclusive insights and valuable information from Corporate India. Subscribe now to access a wealth of knowledge in each issue and make informed decisions to drive your financial success.
Read MorePost Title - RBI Governor Das Tames Rupee Volatility with $689 Billion Forex Reserves
RBI Governor Shaktikanta Das has successfully navigated the complexities of stabilizing the Indian rupee while building a massive foreign-exchange reserve of nearly $700 billion.
Read MorePost Title - Fed Rate Cuts: Will FPI Inflows Boost Indian Stocks? Key Sectors to Watch
The potential for a rate cut by the US Federal Reserve is drawing attention to its impact on Foreign Portfolio Investments (FPIs) in India.
Read MorePost Title - Will govt keep Tatas waiting for Air India?
The Indian government wants to sell all public sector companies, barring a few in strategic sectors.
Read MorePost Title - Topaz Solar Harnessing the sun in Odisha
The 1,200 MW solar module manufacturing plant of Topaz Solar is fast coming up at Bandal in Odisha, the first of its kind in the state and one of the largest module manufacturing plants in the world.
Read MorePost Title - Portfolio Choice - PVR, LOANS GROW DESPITE COVID, CORDS CABLE INDUSTRIES
PVR Limited (PVR) is an India-based film exhibition company engaged in the business of movie exhibition and production.
Read MorePost Title - Piramal’s corporate loans nightmare
Afterthe acquisition of DHFL, the Piramal group is looking to sell its entire stake in all Shriram group companies so that it can pump the proceeds into the merged entity of DHFL and its own financial services business.
Read MorePost Title - Pandemic year was good for fund-raising
The recently concluded calendar year 2020 witnessed an all-time high fund mobilisation through corporate bonds on a private placement basis of Rs. 7,77,473 crore.
Read MorePost Title - Jindal Steel & Power Aiming at 7.5 mtpa of steel
Jindal Steel and Power Ltd (JSPL) is exploring the possibility of setting up a steel plant with a capacity of 2- 2.5 mtpa at Patratu in Ramgarh district of Jharkhand.
Read MorePost Title - ISKCON bags IGBC ‘Green Champion Award 2020
The International Society for Krishna Consciousness (ISKCON) was unanimously chosen as winner of the 7th IGBC Green Champion Awards under the category ‘Pioneering Institution in Sensitising the Masses by Going Green’ during the 18th edition of the ‘Green Building Congress’ organised recently.
Read MorePost Title - Schaeffler India: All verticals did well in Q3CY20
The stock market has given a big thumbs up to Budget 2021, which was tabled in the Parliament by the Finance Minister just as India kickstarted its nationwide vaccination campaign.
Read MorePost Title - Fickle barometer of the Sensex
Every other day I come across friends, some of them who greet me and say, ‘’Hey, the Sensex/Nifty are doing great, and investors are making tons of money.
Read MorePost Title - RALLIS INDIA: Farm uptick cushioned Covid blow
The current year’s outlook for Rallis India is quite encouraging, says an elated Sanjiv Lal, Managing Director and CEO. The company expects the current year to be good as adequate water levels in reservoir bode well for the upcoming ‘rabi’ season.
Read MorePost Title - Confessional time for RBI
The Reserve Bank of India is fast coming under the scrutiny of the investigating agencies. All along, RBI officials were sitting in their ivory towers and pontificating to the rest of the country.
Read MorePost Title - CHRO — co-driving corporate engine
The importance of the Chief Human Resources Officer in today’s ultracompetitive, fast-changing business environment cannot be stressed enough.
Read MorePost Title - Capex rich, revenue poor
Like a whiff of cool breeze on a sultry mid-summer afternoon, the Union budget presented by Finance Minister Nirmala Sitharaman has come as a soothing, pleasant and heartwarming surprise.
Read MorePost Title - Union Budget 2021-22: Booster Rocket For Economy?
In her third budget presentation foray as Finance Minister, Nirmala Sitharaman has done a thoroughly professional job of chalking out major economic reforms through the instruments of disinvestments.
Read MorePost Title - A-Z of investment strategy
Is it possible for an unknown little scrip to become a money-spinner for a small investor who stayed invested in it for a period of years.
Read MorePost Title - Can Fin Homes: Asset quality has stayed stable
Maintaining that “the asset quality of Can Fin Homes (the housing finance company promoted by Canara Bank) is steadily improving.
Read MorePost Title - February 2021 First Issue
Like a whiff of cool breeze on a sultry mid-summer afternoon, the Union budget presented by Finance Minister Nirmala Sitharaman has come as a soothing, pleasant and heartwarming surprise.
Read MorePost Title - WPI falls more than CPI
Wholesale inflation has narrowed to a 4-month low of 1.2% in December 2020 compared with 1.6% in the previous month and 2.76% in the corresponding month last year.
Read MorePost Title - WFH no substitute for the office internaction
Necessity is the mother of invention as well as change, and the Covid-19 pandemic has changed our lives in ways we cannot yet fathom.
Read MorePost Title - Union Budget 2021-22: Tight Rope Walk For Madam FM
It is by now common knowledge that the Covid19 pandemic was disastrous for the country’s already struggling economy.
Read MorePost Title - Sticking to its hydro-mech expertise - Om Infra Ltd
Despite its half-century track record, Om Infra was stuck in a growth rut. Its sales turnover hovered around Rs 200-crore mark.
Read MorePost Title - Public Health Needs Top Priority
It is a no-brainer that the forthcoming Union budget for fiscal 2021-22, to be presented by Finance Minister Nirmala Sitharaman in the Parliament on February 1
Read MorePost Title - Pricey scrips could be investor turn-off
Optimism about the end of the pandemic and support from governments and central banks have rescued the Trump stock market.
Read MorePost Title - Portfolio Choice - BHARAT FORGE, BURGER KING INDIA, JYOTHY LABS
Bharat Forge Limited is engaged in the business of steel forgings, finished machined crankshafts, and front axles assembly and components.
Read MorePost Title - Market Winds - Mahanagar Gas, Chemcon Speciality Chemicals, Jubilant Food Works, Bharat Heavy Electricals, Sarda Energy, Graphite India, Godavari Power and Ispat
A research analyst working with a leading mutual fund and tracking the oil & gas sector is bullish on Mahanagar Gas.
Read MorePost Title - Power Mech Projects: Hopes for normalcy by Q4FY21
The order book position of Power Mech Projects is getting stronger by the day. Till November 13, 2020, the company has received orders worth Rs 2,836.2 crore and if straws in the wind are any indication
Read MorePost Title - Apollo Pipes: Growth driven by pipes segment
Apollo Pipes is in expansion mode and the various growth plans undertaken will push up the company’s manufacturing capacity to 1,00,000 mtpa by the end of the current fiscal year ending March 2021
Read MorePost Title - Fab Fours smoking peace pipe
The Hinduja brothers have reportedly decided to working on an amicable settlement. I have initiated talks over the group’s fortunes.
Read MorePost Title - An Investment Wizard
Mr. Amit Mehta entered the world of investments purely by chance after Dena Bank offered him his late father’s job.
Read MorePost Title - Schaeffler India: All verticals did well in Q3CY20
The new after-market brand launched by Schaeffler India in September 2020 has met with a tremendous response,” maintains Harsha Kadam, Managing Director.
Read MorePost Title - January 2021 Second Issue
It is a no-brainer that the forthcoming Union budget for fiscal 2021-22, to be presented by Finance Minister Nirmala Sitharaman in the Parliament on February 1
Read MorePost Title - Will Sitharaman budget end current bull run?
With the stock exchanges at a new high, some CEOs are now betting that the next budget will bring much-needed cheer to corporate India.
Read MorePost Title - Where to Invest in 2021?
With the two main stock market indices seemingly cocking a snook at the deadly Covid pandemic and scaling new highs, the retail investor may be lulled into thinking that any and all scrips quoted on stocks exchanges are good buys.
Read MorePost Title - Muthoottu, Exide tie up for life insurance
Muthoottu Mini Financiers Ltd., a leading NBFC, has entered into a strategic partnership with Exide Life Insurance Company to provide life insurance products through its branches.
Read MorePost Title - Shift towards retail, SME sectors - Aditya Birla Capital
Aditya Birla Capital is now focusing on rebalancing towards the retail and MSME sectors.
Read MorePost Title - Rs 125-cr cost savings due to Covid in H1FY21 - DB Corp
DB Corp haS, thanks to Covid-19, targeted Rs 125 crore of cost savings for fiscal 2021. This was achieved in H1FY21 itself and we are looking at further cost savings in the second half.
Read MorePost Title - Portfolio Choice - TECH MAHINDRA, HUHTAMAKI INDIA, GARDEN REACH SHIPBUILDERS & ENGINEERS
Tech Mahindra, now part of the Mahindra group, is engaged in providing Information Technology and related services. The company is a specialist in digital transformation, consulting and business re-engineering services.
Read MorePost Title - Marshalling a post-Covid comeback - Simmonds Marshall
Hit hard by the collective impact of the economic slowdown and Covid-19 during the last 24 months, Mumbai-headquartered Simmonds Marshall.
Read MorePost Title - Machinery minders to small biz - Origa Lease Finance
Just when one thought all entrepreneurial paths have already been explored comes a 40-year-old with a game-changing innovation – leasing and management of high-quality equipment to the MSME sector of the country.
Read MorePost Title - IPOs cock a snook at Covid
Despite almost the entire calendar 2020 being overshadowed by the Covid pandemic, an all-time high fundraising through the public equity markets was witnessed at Rs 1,77,468 crore.
Read MorePost Title - Focus on consumer products growth’ - Bajaj Electricals
Revealing that “Bajaj Electricals has embarked upon a decisive strategic shift in business direction and finance management
Read MorePost Title - FMCG firms riding ayurveda bandwagon
The Indian ayurveda industry has become one of the fastest-growing segments in the country, especially in recent times with the fear of Covid handing over millions of heads.
Read MorePost Title - Equity Boom Amid Overall Gloom
The BSE Sensex ended on the last trading day of the year at an all-time high of 47,751, booking a 15.8% yearly gain in 2020.
Read MorePost Title - Casting away jewel like BPCL!
It is indeed shocking that the Modi government has put a real PSU jewel that is Bharat Petroleum Corporation Ltd (BPCL) on the block in order to achieve its disinvestment target of Rs 2.1 trillion for the current fiscal.
Read MorePost Title - Byword for rooftop solar systems - Zodiac Energy
Aptly named Zodiac, this quarter-centuryold company is today a byword for rooftop solar systems, primarily in Gujarat but also across the country.
Read MorePost Title - BTT – a recipe for financial disaster
At a time when the country is valiantly battling the Covid-19 epidemic, the governments – both at the Centre and the states – are understandably hard-pressed for resources.
Read MorePost Title - Anil finally in govt’s cross-hairs
Anil Ambani is once again in the news, this time after several prominent people on social media started writing about huge defaults by his group companies which have reached near Rs. 100,000-crore mark.
Read MorePost Title - Air India in Tata hangar
The Air India sale to the Tata group is more or less finalised. The government will hand over the airline to the Tata group for whatever money the Tatas offer.
Read MorePost Title - Adanis to grab more airports on the block
The Modi government plans to sell more airports in the first quarter of 2021, and the usual suspects to bid for the airports will be the Adani group and GMR.
Read MorePost Title - January 2021 First Issue
It is indeed shocking that the Modi government has put a real PSU jewel that is Bharat Petroleum Corporation Ltd (BPCL) on the block in order to achieve its disinvestment target of Rs 2.1 trillion for the current fiscal.
Read MorePost Title - Portfolio Choice
Pharmaceuticals is engaged in developing a range of products mainly in three areas, viz., pharmaceuticals, vaccines and consumer healthcare.
Read MorePost Title - IT Sector Shining In A Gloomy Sky
As the current business slowdown sweeps across the Indian economy, it is having an adverse impact on corporate performance.
Read MorePost Title - PLANTERS IN DISTRESS: Our refreshing cuppa, their misery
The planters who produce the cup that the cheers have lost their own cheer, as the plantation industry that flourishes in the highlands of the Himalayas and the Nilgiris has plunging into the vale of depression.
Read MorePost Title - Strategising for corporate sue survival
Organizations need to adopt competitive strategies for their existence and for maintaining their position in the market.
Read MorePost Title - Ego-dumping lessons for CEOs
The general axiom/ saying that it is always much easier to get to the top or ascend the peak than to remain in that same position for quite some time is very much true in the case of CEOs and corporates.
Read MorePost Title - Industrial Production In August 2019: IIP slumps to 7-year low
In line with the contraction in the core sector -0.5% in Aug 19, and signaling a deep slowdown in the economy, the industrial output growth contracted for the first time in the past 2 years 26 months.
Read MorePost Title - Impact of US-China trade-war
With behemoths like the US and China clashing over tariffs, global trade itself has been negatively affected, including equities, bonds, currencies, company profits, services and investments.
Read MorePost Title - Modest Growth In Challenging Time (Axis Bank)
Axis Bank is one of the first new-generation private sector banks to have begun operations in 1994.
Read MorePost Title - Power Mech Projects: Strategy to quicken growth pace
Power Mech Projects is on the growth path. It is devising strategies to quicken the pace of growth.
Read MorePost Title - KEI Industries: 17-18% sales growth expected this year
The outlook for KEI Industries, a leading cable company, is positive for the current as well as the next year.
Read MorePost Title - JSW Energy: Aiming at doubling capacity
We are looking at a 10 gigawatt (GW) capacity in the next 3-5 years from the current level of 4.5 GW, through a mix of organic and inorganic routes
Read MorePost Title - Market Winds
An investment banker is bullish on India Grid Trust, an infrastructure investment trust.
Read MorePost Title - Murugappa heirs look to part ways
Over a century old, the Rs. 37,000-crore Murugappa group, a well-known industrial house of south India, seems to be heading for a split.
Read MorePost Title - Realty woes spark Piramal stock fall
The share price of Piramal Enterprises has charted a downward course and has lost over 50 per cent from its 52-week high level of Rs. 2,795.
Read MorePost Title - Vodafone’s bitter taste of India
It seems Mukesh Ambani’s gameplan to capture the Indian telecom market is heading for a grand success.
Read MorePost Title - Economy in desperate need of stimulus
India is finally conceding that her economy is in trouble. The country’s gross domestic product (GDP) in the April-June quarter of 2019 grew at a meagre 5%, the lowest in six years.
Read MorePost Title - Ditch the ostrich approach
After the economic cookie crumbled, the Indian economy is plunging further into the abyss day by day, as if to vindicate the prognosis of newly appointed
Read MorePost Title - October 2019 Second Issue
After the economic cookie crumbled, the Indian economy is plunging further into the abyss day by day, as if to vindicate the prognosis of newly appointed
Read MorePost Title - Railway Stocks Surge as FM Nirmala Sitharaman Pushes Capex Plans and Vande Bharat Upgrade
Railway stocks are expected to draw significant attention following a capex review meeting chaired by Finance Minister Nirmala Sitharaman.
Read MorePost Title - Bajaj Housing Finance Stock Corrects After Strong IPO Rally
The share price of Bajaj Housing Finance experienced a significant dip of over 2% on September 18, following two consecutive sessions of hitting the upper circuit.
Read MorePost Title - Trents Stock Doubles in 2024: A Strong Growth Story for Tata Group
Trent, a Tata Group company, has delivered exceptional returns for investors in 2024, with its share price more than doubling. The stock hit a new high of Rs 6,845.40 in recent trading, marking a 124% surge for the year.
Read MorePost Title - Bajaj Housing Finance Soars on Debut: Is It Time to Book Profits?
Bajaj Housing Finance made a remarkable entry on Dalal Street, debuting at a 114.29% premium, opening at Rs 150 per share, far above its issue price of Rs 70.
Read MorePost Title - Bajaj Holdings Rewards Shareholders with Rs 65 Interim Dividend Per Share
Bajaj Holdings & Investment Ltd board has approved an interim dividend of Rs 65 per share for the financial year ended March 2025, totaling Rs 723 crore in payouts to shareholders.
Read MorePost Title - SEBI Streamlines Process for Bonus Shares: Faster Trading and Transfers
The Securities and Exchange Board of India (SEBI) has announced a significant reduction in the time required for the credit and trading of bonus shares.
Read MorePost Title - Long-Term Investors in 3M India Reap 82% Rewards: A Five-Year Analysis
Investors who put their faith in 3M India five years ago have been handsomely rewarded, with a whopping 82% return on their investment.
Read MorePost Title - Oracle Financial Services Soars 3%: A Bright Spot in the IT Sector
Oracle Financial Services share price has surged 3%, reaching Rs 11,269.6, outpacing the broader BSE IT index, which rose 0.7% to 42,900.0. This impressive gain makes Oracle Financial Services one of the top performers in the IT sector.
Read MorePost Title - Understanding Form 26AS: Essential Insights for Taxpayers
Form 26AS is an annual tax statement that provides taxpayers with detailed information about their income and the corresponding tax deductions and collections.
Read MorePost Title - Simplify Your Income Tax Filing: Essential Steps for Salaried Employees Post-Form 16 Issuance
Form 16 is an essential document for salaried employees when it comes to filing income tax returns (ITR). Issued by employers at the end of each fiscal year, it provides a detailed account of the tax deducted from an employee’s salary and submitted to the government.
Read MorePost Title - 7 Strategies to Boost Your Credit Score in FY 2025
Your credit score is a vital aspect of your financial profile, influencing everything from loan approvals to interest rates and even insurance premiums.
Read MorePost Title - ITR Filing for FY 2023-24: Essential Deadlines and Guidelines for Individual Taxpayers
The process for filing Income Tax Returns (ITR) for FY 2023-24 (AY 2024-25) has commenced for individual taxpayers and non-audit cases.
Read MorePost Title - Your road to Income Tax Filing: The Importance of Form 16
Form 16 is like your tax passport—its a document given by your employer that contains all the important details about your income and taxes.
Read MorePost Title - Market Mayhem: Sensex and Nifty Plummet as Global Markets Crash
The Indian stock market witnessed a sharp decline in early trade today, with the Sensex and Nifty tumbling due to a global market crash triggered by weak manufacturing data in the US economy.
Read MorePost Title - India to Develop Climate Finance Taxonomy in 6-10 Months
The Indian government has announced plans to develop a climate finance taxonomy within the next 6-10 months. This move aims to create a set of guidelines that will help investors and institutions direct funds towards investments that support climate change mitigation and adaptation.
Read MorePost Title - Premier Energies Shares Shine on Debut, Listing at 120% Premium
Premier Energies, a leading solar cell and module manufacturer, made a remarkable debut on the stock exchanges, listing at a 120% premium to its initial public offering (IPO) price.
Read MorePost Title - Vedanta Shares Soar as Company Announces Whopping Rs 7,821 Crore Dividend
Vedanta Ltd has announced a third interim dividend of Rs 20 per share for the financial year 2024-25, taking the total dividend announced so far to Rs 35 per share.
Read MorePost Title - Retail Inflation for Farm, Rural Workers Sees Marginal Dip in July
The retail inflation rates for farm workers and rural labourers witnessed a slight decrease in July, standing at 6.17% and 6.20%, respectively. This marginal dip comes after Junes rates of 7.02% and 7.04%.
Read MorePost Title - Reliance Industries to Consider 1:1 Bonus Share Issue: A Reward for Shareholders
Reliance Industries, led by Mukesh Ambani, has announced that its Board of Directors will meet on September 5, 2024, to consider issuing bonus shares in a 1:1 ratio to equity shareholders.
Read MorePost Title - Orient Technologies Makes Impressive Stock Market Debut with 41% Premium
Orient Technologies, an IT solutions provider, made a remarkable stock market debut on Wednesday, listing at Rs 290 on BSE and Rs 288 on NSE, representing a premium of 40.78% and 39.81%, respectively, over its issue price of Rs 206.
Read MorePost Title - Datamatics Global Services Soars to New Heights: 32% Gain in 2 Days on Microsoft Partnership
Datamatics Global Services stock has surged an impressive 32% in just two days, reaching a 9-month high of ?740 per share.
Read MorePost Title - KPI Green Energy Shines Bright: 4% Surge on Solar Power Project Win
KPI Green Energys shares rallied 3.86% to an intraday high of Rs 943 per share after its subsidiary, Sun Drops Energia Private Limited, secured a 13.30 MW solar power plant project.
Read MorePost Title - GST Taxpayers Face Deadline: Furnish Bank Details or Risk GSTR-1 Filing Halt
The Goods and Services Tax Network (GSTN) has announced a crucial deadline for GST taxpayers. Those who fail to provide valid bank account details will be barred from filing their outward supply return, GSTR-1, starting September 1.
Read MorePost Title - TCS Celebrates 20 Years of Listing, Returns 77.5% Cash to Investors
In 2004, TCS made history with Indias first $1 billion initial public offering (IPO) by a private-sector company, with Tata Sons diluting 14% of its equity shares.
Read MorePost Title - Key Market Drivers to Watch: India and US GDP Data, FII Trends, and Fiscal Deficit
The Indian stock market is expected to experience volatility in the coming week due to the futures and options (F&O) expiry on August 29, 2024. However, the market has shown a positive trend, gaining nearly one percent in the last week, amid positive global cues.
Read MorePost Title - Paytm and Zomato Shares in Spotlight After Landmark Rs.2,048 Crore Deal
Paytm has agreed to sell its entertainment ticketing business to Zomato for Rs.2,048 crore, allowing Paytm to focus on its core payments and financial services distribution. This strategic move is expected to benefit both companies.
Read MorePost Title - Short-Term Gains Ahead for Paytm and Zomato, Says StoxBox
StoxBox has predicted a short-term target of Rs 615 for Paytm shares, with a stop loss at Rs 530. The brokerage firm cites Paytms large and active customer base of 7.8 million monthly transacting users, as well as its diverse revenue streams, as key factors driving its growth.
Read MorePost Title - Genus Power Stocks Soar to New Heights with Rs.3608 Crore Order Win
Genus Power Infrastructures subsidiary has secured three Letter of Awards (LOA) worth Rs.3608.52 crore, propelling the companys total order book to Rs.28,000 crore.
Read MorePost Title - Patanjali Foods Soars to Record High: Brokerage Predicts Industry-Leading Growth
Patanjali Foods Ltds shares have hit a record high, defying the broader markets negative sentiment. The stock gained 3.42% to reach a high of Rs 1875, with a market capitalization of Rs 67,852 crore.
Read MorePost Title - Zomato Shares in Focus as Antfin Plans Block Deal Worth Rs 3,420 Crore
Zomato shares are in the spotlight as Antfin Singapore Holdings plans to sell 1.54% stake in the company via a block deal today. The floor price is set at Rs 251.68 per share, valuing the deal at Rs 3,420 crore or $408 million.
Read MorePost Title - Global Markets Rally Ahead of Key Economic Events
The Indian stock market is expected to open higher on Tuesday, following gains in global markets. Asian markets traded higher, while the US stock market rallied overnight led by tech stocks.
Read MorePost Title - Indian Stock Market Set for Positive Start Amid Global Rally
Asian markets are trading higher, with Japans Nikkei 225 jumping 2.26% and South Koreas Kospi gaining 2%. Hong Kongs Hang Seng index futures indicate a higher opening, setting the stage for a positive start in the Indian stock market.
Read MorePost Title - Suzlon Energy Shares: A Stormy Weather Ahead for the stock?
Suzlon Energy shares have been on a rollercoaster ride, falling 9% from their recent 52-week high. The stock settled at Rs 76.78, down 4.96% from its previous close.
Read MorePost Title - CPI Inflation Hits 5-Year Low, but SBI Warns of Bumpy Road Ahead
Indias retail inflation rate fell to a 5-year low of 3.54% in July, down from 5.08% in June and 7.44% in July last year. However, the State Bank of India (SBI) has cautioned that the uneven monsoon distribution may lead to crop losses and impact food prices.
Read MorePost Title - IRCTC Q1 Results Preview: Net Profit Expected to Rise 6.7% YoY
Indian Railway Catering and Tourism Corporation Ltd (IRCTC) is set to announce its Q1FY25 results, with analysts expecting a 6.7% year-on-year (YoY) increase in net profit to Rs 303.30 crore.
Read MorePost Title - Interest Rate Cut on the Horizon: RBI Expected to Ease Monetary Policy in October
The Reserve Bank of India (RBI) is likely to initiate a rate cut in October, driven by favourable monsoon conditions and increased crop sowing, which are expected to alleviate food inflation.
Read MorePost Title - Market Regulator SEBI Tells Investors to Remain Calm Amid Hindenburg Report
The Securities and Exchange Board of India (SEBI) has urged investors to remain calm and exercise due diligence before reacting to the latest report from Hindenburg Research.
Read MorePost Title - Tata IT Showdown: TCS vs Tata Elxsi - Which Stock Reigns Supreme?
The IT sector has shown signs of recovery, with the Nifty IT index rising 10% year-to-date in 2024. However, optimism is already reflected in current valuations, leaving limited room for further gains.
Read MorePost Title - OIL SURGES: Global Tensions and Economic Hopes Fuel Price Rally
Crude oil prices have bounced back, posting over 3.5% gains this week, as positive US economic data and hints of a potential interest rate cut by the Federal Reserve have alleviated demand concerns.
Read MorePost Title - Apollo Tyres Q1 Net Profit Falls 24%: Key Highlights
Apollo Tyres net profit declined 24% to Rs 302 crore in the first quarter of FY25, down from Rs 397 crore in the corresponding period last year.
Read MorePost Title - RBI Keeps Repo Rate Unchanged at 6.5%: A Boost to Economic Growth
The Reserve Bank of India (RBI) has kept the benchmark repo rate unchanged at 6.5% for the ninth consecutive meeting, maintaining its accommodative stance to support economic growth.
Read MorePost Title - Government Announces Relief for Home Buyers: Revised LTCG Indexation on Real Estate
In a significant move, the government has amended the Long-Term Capital Gains (LTCG) regime for real estate, offering substantial relief to home buyers.
Read MorePost Title - 3M Indias Q1 Profit Soars 22%: A Boost from Lower Expenses
3M India, the Indian arm of the US-based industrial conglomerate 3M Co, has reported a 22% jump in its first-quarter profit, driven by a decrease in total expenses.
Read MorePost Title - Indian Stock Market Roars Back to Life: Sensex Surges 1,100 Points, Nifty Reclaims 24,350
After a two-day slump, the Indian stock market made a remarkable recovery on Tuesday, with the BSE Sensex climbing 1,092.68 points to hit a high of 79,852.08. The Nifty also regained its footing, reaching a high of 24,382.60.
Read MorePost Title - Deepak Nitrites Q1 Profit Soars 35%: A Stellar Performance
Deepak Nitrite, a leading chemical manufacturer, has reported an impressive 35% rise in its Q1 profit for fiscal 2025.
Read MorePost Title - Global Market Tumbles: Key Weekend Changes Impacting Indian Stocks Negative Start Expected for Indian Indices
The Indian stock market is bracing for a rough start to the week. Gift Nifty is trading around 24,388, reflecting a significant 310-point discount from the Nifty futures’ close on Friday.
Read MorePost Title - Zomatos Stellar Q1 Performance: A Recipe for Success
Zomatos Q1 results have left investors and analysts impressed, with revenue soaring 74% year-on-year to Rs 4,206 crore.
Read MorePost Title - Infosys Tax Evasion Case: Karnataka GST Authority Withdraws Pre-Show-Cause Notice
Infosys, one of Indias leading IT companies, has announced that the Karnataka GST authority has withdrawn its pre-show-cause notice related to alleged tax evasion.
Read MorePost Title - GST Collections Rise to Rs.1.82 Trillion in July 2024, Up 10.3% YoY
In July 2024, the central and state governments collected Rs.1.82 trillion in goods and services tax (GST), marking a significant 10.3% increase compared to the same period last year.
Read MorePost Title - Nifty Reaches 25,000 for the First Time, Sensex Sets New Record High
In a significant market rally, Nifty hit the 25,000 mark for the first time, opening 80 points higher at 25,030. Simultaneously, Sensex crossed the 82,000 mark, reaching a fresh record high of 82,129, up 388 points from the previous close of 81,741.
Read MorePost Title - Gold Prices Surge Amid Potential Fed Rate Cut Signals and Middle East war tensions
Gold prices surged on Wednesday following Federal Reserve Chair Jerome Powells indication that an interest rate cut might be on the horizon if inflation continues to align with the Feds targets.
Read MorePost Title - Cognizant Exceeds Revenue Expectations with Strong Financial Services Performance
Cognizant Technologies, listed on Nasdaq, outperformed market expectations in its April-June quarter with revenue reaching $4.9 billion, surpassing the anticipated $4.8 billion.
Read MorePost Title - Record-Breaking 7 Crore Income Tax Returns Filed by Deadline Day
The Income Tax Department announced on Wednesday that over 7 crore income tax returns (ITRs) were filed by 7 p.m. on July 31, the deadline for individuals not required to have their accounts audited.
Read MorePost Title - ITC Q1 Earnings Preview: Moderate Profit Growth with Stable Cigarette Volumes Expected
ITC Ltd is anticipated to release a modest set of quarterly results for Q1, showing a net profit increase between 2-6% year-on-year (YoY) with a 6-7% rise in sales.
Read MorePost Title - Modi 3.0’s first budget brings huge reforms :Top 105 Highlights of Budget 2024 by Nirmala Sitharaman
Budget 2024 proposes overhaul of Capital Gains Taxes - Short term gains 20% on all financial assets, On all other other assets it remains as it was, Long term - 12.5% on all assets, Exemption on profits 1.25 lakh a year
Read MorePost Title - Budget 2024: Property Sellers Beware - Tax Liability to Shoot Up!
In a move thats set to rattle property sellers, Finance Minister Nirmala Sitharaman has announced the removal of the indexation benefit for property sales in Budget 2024.
Read MorePost Title - Indias Top IT Firms See Over 4,500 Headcount Reduction in Q1 Amid Demand Uncertainty
Indias top three IT companies have collectively reported a reduction of 4,536 employees in the first quarter ending June 30, 2024.
Read MorePost Title - Infosys Q1 Results: FY25 Revenue Growth Guidance Raised, Net Profit Surpasses Expectations
Infosys has surprised the market by raising its revenue growth guidance for the fiscal year 2024-25.
Read MorePost Title - Modi 3.0 Budget: Economic Vision Takes Precedence Over Stimulus Measures, Says Goldman Sachs
Goldman Sachs analysts predict that the upcoming Union Budget on July 23 will emphasize fiscal consolidation rather than minor stimulus measures.
Read MorePost Title - Rail Stocks Surge: RVNL, IRFC, TexRail Climb Up to 15%
On July 8, shares of railway-related companies saw significant gains, surging up to 15% in intra-day trading on the BSE.
Read MorePost Title - Nirmala Sitharaman to Present Union Budget 2024-25 on July 23
President Droupadi Murmu has approved a proposal to summon both houses of Parliament from July 22 to August 12, 2024.
Read MorePost Title - Nykaa Projects 22-23% Revenue Growth in April-June Quarter
FSN E-Commerce Ventures, the parent company of Nykaa, anticipates a consolidated revenue growth of approximately 22-23% year-on-year for the first quarter of FY25.
Read MorePost Title - LICs Stakes in Top Groups Surge in Value Amid Stock Market Boom
Life Insurance Corporation of India (LIC) has seen a significant surge in the value of its stakes in top conglomerates, despite reducing its exposure in the financial year 2023-2024.
Read MorePost Title - India Incs Q1FY25 Earnings Outlook
The Indian stock market is currently trading at record-high levels, and investor attention is now focused on India Incs June quarter (Q1FY25) earnings.
Read MorePost Title - Telecom Sector Sees Growth, Reliance Jio Leads with Highest AGR
The Telecom Regulatory Authority of India (Trai) has released its report on Adjusted Gross Revenue (AGR) for the January-March 2024 quarter, with Reliance Jio emerging as the leader.
Read MorePost Title - Historic Milestone: Sensex Soars Past 80,000, Nifty Hits Fresh Record High
The Indian stock market achieved a historic milestone today, with the Sensex surging past the 80,000 mark for the first time ever.
Read MorePost Title - GST Data Discontinuation Raises Eyebrows
The Union Ministry of Finance has unexpectedly discontinued the monthly release of GST data, which had provided a comprehensive overview of GST collections.
Read MorePost Title - Adani Group Stocks Defy Hindenburg Notice, Rise Up to 4%
In a surprising turn of events, Adani Group stocks have shown remarkable resilience in the face of a show cause notice from SEBI, with some stocks rising up to 4% and others trading flat.
Read MorePost Title - BONUS BUMP: CDSL Shares Dip Despite 1:1 Bonus Issue
Shares of Central Depository Services Limited (CDSL) slipped 2.8% to Rs 2,368 per share on the NSE in Tuesdays intraday trade, despite the companys announcement of a 1:1 bonus issue of equity shares.
Read MorePost Title - Garden Reach Shipbuilders Stock Soars 8% on New Export Order
Shares of Garden Reach Shipbuilders & Engineers Ltd (GRSE) experienced a notable jump on Monday, rising by over 8% following the announcement of a new commercial vessel agreement.
Read MorePost Title - Q1 Results Preview: Key Expectations for Leading Indian IT Companies
As we approach the Q1 results for major Indian IT firms, analysts anticipate a mixed performance across the sector.
Read MorePost Title - Railway Stocks Surge Ahead of Budget 2024: Investors Eye Continued Infrastructure Push
Railway stocks, including RVNL, RailTel, IRCON, and IRFC, saw significant gains on June 21 as investors anticipate continued government focus on infrastructure development in the upcoming Budget 2024.
Read MorePost Title - 53rd GST Council Meeting: Key Expectations for Simplified Compliance and Economic Growth
The 53rd GST Council meeting, scheduled for June 22, is poised to tackle critical issues aimed at refining the GST framework, improving compliance, and addressing industry concerns.
Read MorePost Title - Budget 2024: Significant Capex Boost Expected for Renewable Energy Sector Renewable Energy Set for Major Investment
As the Union Budget 2024 approaches, the power and renewable energy sectors are poised to receive substantial capital expenditure (capex) allocations, potentially in the double digits.
Read MorePost Title - Accenture Lowers Revenue Forecast Amid Economic Uncertainty
Accenture, the global IT services provider, has revised its revenue forecast for fiscal year 2024 due to economic uncertainty impacting client spending on consulting services.
Read MorePost Title - GST Council Set to Introduce GSTR-1A for Enhanced Filing Flexibility
The GST Council is considering the introduction of a new GST return form, GSTR-1A, to allow businesses to make changes before filing their GSTR-3B returns.
Read MorePost Title - Key Stocks to Watch on June 20: RIL, Blue Dart, Indian Oil, Vi, and More
Benchmark indices Sensex and Nifty are expected to open slightly higher on Thursday, buoyed by the absence of significant global cues.
Read MorePost Title - Indus Towers Stake Sale by Vodafone to Attract $110 Million in Passive Inflows
Vodafone Group PLCs decision to sell up to 9.94% stake in Indus Towers Ltd through a block deal is expected to bring about $110 million in passive inflows to Indus Towers over the coming sessions,
Read MorePost Title - Adani Ports: Worlds Leading Transport Operations Firm with $37 Billion Market Cap Introduction
Adani Ports & Special Economic Zone (APSEZ) has achieved a significant milestone by becoming the worlds largest transport operations and services provider with a market valuation of approximately $37 billion.
Read MorePost Title - Budget 2024: Government Plans to Raise Tax Exemption Limit to 5 Lakh Under New Regime
In a move aimed at providing relief to taxpayers, the Indian government is considering lowering certain personal income tax rates, as reported by multiple government officials.
Read MorePost Title - Crucial Monsoon Alert: IMD Predicts Below-Normal Rainfall in June, Impacting Indian Economy
The India Meteorological Department (IMD) has forecasted below-normal monsoon rainfall for June, which comes as unwelcome news amid the ongoing heatwave affecting large parts of India.
Read MorePost Title - Global Trends to Influence Markets in Holiday-Shortened Week
With no significant domestic triggers expected, investors are set to focus on global trends and foreign investor activity in the upcoming holiday-shortened week.
Read MorePost Title - Budget 2024: Key Expectations and Pre-Budget Meetings
Finance Minister Nirmala Sitharaman is scheduled to hold pre-budget consultations with industry stakeholders on June 20, 2024.
Read MorePost Title - India Set to Lead Asia-Pacific Growth in 2024, Says Moody’s
India is poised to maintain its status as the fastest-growing economy in the Asia-Pacific region for the second half of 2024, according to a recent report by Moodys Ratings.
Read MorePost Title - LIC Stake Sale Postponed to FY2026 Amid Market Assessment
The Indian government has decided to postpone the next round of stake sales in Life Insurance Corporation (LIC) until FY2026.
Read MorePost Title - Oracle Financial Services Nears Record High Following Strong Parent Earnings
Shares of Oracle Financial Services Ltd. surged by 6% to Rs.8,935 on Wednesday after its parent company, Oracle Corp.
Read MorePost Title - Retail Inflation Drops to 12-Month Low of 4.75% in May 2024
Retail inflation in India has reached a 12-month low of 4.75% in May 2024, according to the latest data from the Ministry of Statistics and Programme Implementation.
Read MorePost Title - Tata Chemicals Shares to Trade Ex-Dividend on June 12
The Board of Directors of Tata Chemicals has declared a final dividend of Rs.15.00 per equity share for the financial year 2024.
Read MorePost Title - Railway Stocks Surge Amid Optimism for Policy Continuity and Modernisation
Railway Public Sector Undertaking (PSU) stocks have shown significant gains, with increases of up to 8.5%.
Read MorePost Title - Nirmala Sitharaman to Present Historic Seventh Consecutive Budget
Nirmala Sitharaman, 64, is set to make history by becoming the first finance minister to present seven consecutive Budgets — six full and one interim — surpassing Morarji Desai.
Read MorePost Title - Oil Prices Surge Amid Summer Demand Optimism
Oil prices experienced a notable increase of approximately 2% on Monday, reaching their highest levels in a week.
Read MorePost Title - Dalal Street Outlook: Key Factors Shaping the Market This Week (10-14 June)
With the Bharatiya Janata Party-led National Democratic Alliance (NDA) expected to form the government on June 9, market participants anticipate more stability after last weeks volatility.
Read MorePost Title - Finance Minister Faces Daunting Task of Presenting Comprehensive Budget Amid Pending Reforms
Under the new coalition government, the finance ministrys first significant challenge will be to present a comprehensive Budget for the fiscal year 2024-25 within the next month.
Read MorePost Title - Dalal Streets Roller-Coaster Ride as NDA Coalition Takes Charge
The recent General Elections have left Dalal Street in a state of cautious anticipation.
Read MorePost Title - RBI Monetary Policy: Key Indicators and Market Expectations Post-Election
As the Reserve Bank of India (RBI) prepares to unveil its second monetary policy for the financial year 2024-25 today (June 7), economists and market watchers are keenly observing the implications.
Read MorePost Title - Modi 3.0: Economic Reforms and Market Impact Under the New Administration Upcoming Legislative Agenda
As Prime Minister Narendra Modi prepares to be sworn in for his third term on June 9, the new NDA government faces an extensive legislative agenda.
Read MorePost Title - Modis Narrow Win Deals Major Blow to Adanis Wealth
Gautam Adani, one of Indias most prominent tycoons, experienced a historic financial hit following a narrow election victory for Prime Minister Narendra Modi’s party.
Read MorePost Title - Momentum Stocks Face Uncertainty After Reduced Majority for NDA Coalition Election Impact on Momentum Stocks
Following the recent election results, momentum stocks, previously favoured by the market, are now experiencing significant pressure.
Read MorePost Title - BHEL Shares Rise Amid Volatility; Secures Major Thermal Power Project from Adani Power
On Wednesday, Bharat Heavy Electricals Ltd (BHEL) shares closed 3.70% higher at Rs 255.25 after a volatile trading session.
Read MorePost Title - Major Market Crash: RIL, TCS, and HDFC Bank Suffer Massive Losses Amid Election Uncertainty
The Indian stock market witnessed a significant decline as uncertainty surrounding the general elections of 2024 weighed heavily on investor sentiment.
Read MorePost Title - Apollo Hospitals Q4 Net Profit Surges 77% to ?258 Crore, Aligns with Expectations Strong Financial Performance
Apollo Hospitals Enterprise reported a significant 77% increase in its consolidated net profit for the fourth quarter of FY24, reaching ?258 crore.
Read MorePost Title - Trading Insights: Adani Power, ITC, and Cochin Shipyard
On Thursday, Indian benchmark indices closed lower amid the monthly expiry of May Series F&O contracts.
Read MorePost Title - S&P Elevates Indias Economic Outlook to Positive, Retains BBB- Rating Economic Outlook Upgrade
S&P Global Ratings has revised Indias economic outlook from stable to positive while maintaining the sovereign rating at BBB Minus.
Read MorePost Title - Tata Steel Declares ?3.60 Dividend Per Share: Key Dates and Financial Highlights Dividend Announcement and Approval
On Wednesday, Tata Steels board announced a final dividend of ?3.60 per share for the financial year 2023-24.
Read MorePost Title - IRCTC Q4 Results: Modest Net Profit Increase and Strong Revenue Growth Net Profit Growth in Q4 FY24
The Indian Railway Catering and Tourism Corporation (IRCTC) reported a 2% rise in its consolidated net profit for the January-March quarter of FY24, amounting to Rs 284 crore.
Read MorePost Title - PM Modi Needs 303-Plus Seats to Sustain Stock Market Rally: Investor Insights
Indian stocks have surged to record levels, with currency and bond markets also reaching their highest points in over two months, just days before the election results on June 4.
Read MorePost Title - DOMS Industries: A 160% IPO Surge, Strong Q4 Performance, and Future Prospects
DOMS Industries has been on an impressive upward trajectory since its IPO in December 2023.
Read MorePost Title - Gradual Market Uptrend Expected Amid Election Results and Earnings Season
Equity markets are anticipated to experience a gradual up-move this week, accompanied by some volatility, as both the election and earnings season near their conclusions.
Read MorePost Title - Cochin Shipyard Shares Surge 7% to New High Ahead of Q4 Results
Cochin Shipyard Ltd shares experienced a significant surge in trading on Friday, rising by 7.38% to reach a 52-week high of Rs 2,034.
Read MorePost Title - Page Industries Q4FY24: Net Profit Surges 38%, Revenue Growth at 3.2%
Page Industries reported a consolidated net profit of ?108.2 crore for the fourth quarter of FY24, reflecting a significant increase of 38.2% from ?78.3 crore in the same quarter of the previous financial year.
Read MorePost Title - ITC Q4FY24: Hits and Misses, Hotel Business Demerger, and Stock Price Projections
ITCs fourth-quarter results for FY24 presented a mixed picture, with some segments performing well while others lagged behind expectations.
Read MorePost Title - SAIL Q4 Results: Profit Declines Amid Lower Steel Prices and Rising Costs
The Steel Authority of India Ltd (SAIL) reported a nearly 3% decline in profit for the fourth quarter ending March 31, 2024.
Read MorePost Title - Bharti Airtel Shares Near Record High: Can They Surpass Rs 1,600?
Bharti Airtel shares have been approaching their all-time high, hitting an intraday peak of Rs 1,359 in the previous session before closing at Rs 1,348.20 on the BSE.
Read MorePost Title - Tata Motors Announces Rs 43,000 Crore Investment in FY25
Mumbai-based automotive giant Tata Motors has revealed plans to invest Rs 43,000 crore in products and technologies for the fiscal year 2024-25.
Read MorePost Title - PM Modi Predicts Strong Market Surge Post-Election Results
Prime Minister Narendra Modi, in a televised interview aired on Sunday, forecasted a strong performance in the stock market following the announcement of election results.
Read MorePost Title - GSK Pharma Q4 Results: Profit Surges by 45% Driven by NLEM Drugs and Vaccines
GlaxoSmithKline (GSK) Pharmaceuticals reported a remarkable 45.7% increase in consolidated net profit for the fourth quarter of FY24, reaching Rs 194.48 crore.
Read MorePost Title - D-Street Rebounds Sharply Amid Rate Cut Hopes and Positive Global Cues
The Indian equity markets saw a strong rebound last week, driven by rising hopes for a domestic rate cut and positive global cues.
Read MorePost Title - RBIs Bond Buyback Faces Resistance from Banks, Yields Only Rs 2,069 Crore
The Reserve Bank of India (RBI) managed to repurchase only Rs 2,069 crore worth of government bonds out of a notified amount of Rs 60,000 crore, as banks resisted selling the securities at a loss.
Read MorePost Title - Vedanta Approves Rs 8,500 Crore Fundraise and Declares Rs 11 Interim Dividend
Vedanta Ltd announced on Thursday that its board has approved a substantial fundraise of up to Rs 8,500 crore.
Read MorePost Title - IEX Share Price Target: Q4 Results Fall Short, 20% Downside Predicted
Indian Energy Exchange Ltd (IEX) reported lower-than-expected results for the fourth quarter, missing on revenue, EBITDA, and profit after tax.
Read MorePost Title - GAILs Q4 Net Profit Surges 289% to Rs 2,469 Crore
State-owned gas supplier GAIL reported a significant 289% increase in consolidated net profit for the fourth quarter of FY24, reaching Rs 2,468.71 crore compared to Rs 634.2 crore in the same period last year.
Read MorePost Title - Vodafone Idea Set to Announce Q4 Results: Losses Expected to Widen, ARPU to Improve
Vodafone Idea Ltd is gearing up to unveil its March quarter results on May 16, following the conclusion of its Rs 18,000 crore follow-on public offer (FPO).
Read MorePost Title - Oil Prices Surge on Strong Demand and Moderate US Inflation Data
Oil prices continued their upward trajectory on Thursday, building on gains from the previous session.
Read MorePost Title - India Slashes Windfall Tax on Petroleum Crude
Effective May 16, India has reduced the windfall tax on petroleum crude from ?8,400 per metric ton to ?5,700, according to a recent Reuters report.
Read MorePost Title - Zomatos Strong Q4 Results Spark Target Price Hikes
Despite Zomatos in-line Q4 results, the stock witnessed a decline for the second consecutive day, falling by 9 percent over two days to Rs 182 per share on May 14.
Read MorePost Title - FIIs aggressively Exit, DIIs Enter to Support. Election concerns drive the market sentiments
Foreign Portfolio Investors (FPIs) have aggressively withdrawn from the Indian stock market in May, pulling out a staggering Rs 24,975 crore.
Read MorePost Title - Market Insights for the week (13-17th May) : Key Events and Outlook
Last week, the Indian markets experienced a notable decline of over 1.5 percent, primarily attributed to foreign fund outflows.
Read MorePost Title - RBI Dividend Outlook for FY25: Stability and Growth
The Reserve Bank of India (RBI) is expected to maintain its dividend payout to the Central government at a similar level or slightly higher in the upcoming fiscal year (FY25), according to sources familiar with the matter.
Read MorePost Title - Zomatos Profit likely to surge : Q4 Earnings Preview
Zomato, the online food delivery giant, is poised to maintain its impressive performance in the first quarter of 2024, following a string of successful quarters.
Read MorePost Title - From Rs 73 to Rs 917: The Phenomenal Rise of Zen Technologies
Zen Technologies Ltd, a key player in the aerospace and defence sector, has witnessed a remarkable ascent in the past three years.
Read MorePost Title - SBIs Stellar Performance Sparks Analyst Optimism: Is it Time to Invest?
State Bank of India (SBI), Indias largest state-run lender, has reported its highest-ever quarterly net profit of ?20,698 crore for the fourth quarter of FY24.
Read MorePost Title - Pharma Powerhouse Abbott India Declares Rs 410/Share Dividend ; outstanding performance delivered amidst market crash
Abbott India Ltd, a prominent pharmaceutical company, announced a robust 24% year-on-year (YoY) increase in net profit, reaching Rs 287 crore for the fourth quarter of FY 2023-24.
Read MorePost Title - Market Mayhem: Understanding the Rs 7.6 Lakh Crore Stock Plunge
The BSE and Nifty witnessed a staggering decline, collectively losing over Rs 7.6 lakh crore in market capitalization.
Read MorePost Title - FM Sitharaman Denies Speculations on Income Tax Changes Post-Election
Finance Minister Nirmala Sitharaman has dismissed media reports suggesting significant changes to the income tax system following the Lok Sabha election results.
Read MorePost Title - Tata Powers Q4 Earnings Preview: Results to be out today
Analysts anticipate a promising quarter for Tata Power, with profit expected to rise by 8% YoY to Rs 838.20 crore, driven by improved performance from DISCOMS.
Read MorePost Title - PB Fintech Reports Strong Q4 Performance: A Profitable Turnaround
PB Fintech, the parent company of Policybazaar, revealed impressive financial results for the quarter ending March 31, 2024.
Read MorePost Title - Tracking Market Volatility: Insights and Analysis for the Week Ahead (6-10th May 2024)
Last Friday, the BSE Sensex plunged by 732.96 points or 0.98%, settling at 73,878.15, following a notable surge earlier in the day. Similarly, the NSE Nifty witnessed a decline of 172.35 points or 0.76%, closing at 22,475.85.
Read MorePost Title - John Cockerill India issues dividend at Rs.7 per share Dividend : Stock to turn ex-dividend today
The Board of Directors of John Cockerill India has announced a final dividend of ?7 per equity share, presenting a promising opportunity for eligible shareholders.
Read MorePost Title - YES Bank Shares Rebound Amid Carlyle Groups Reported Block Deal
The trading day for YES Bank started with a dip of about 3.5%, with shares opening at Rs 24.55. Investors seemed jittery amidst reports of a block deal involving Carlyle Group, which aimed to offload a 2% stake in the private lender.
Read MorePost Title - BHEL Shares Skyrocket to 14-Year Highs
Bharat Heavy Electricals Ltd (BHEL) has sent shockwaves through the market, hitting its highest point in 14 years.
Read MorePost Title - Godrej Group Restructures: Stocks Surge Amid Ownership Realignment
In a significant move, the Godrej family announced a restructuring of their longstanding family business, triggering a surge in the stock prices of Godrej Group companies.
Read MorePost Title - Cognizant Reports Resilient Q1 Performance Amid Economic Challenges
Cognizant Technology Solutions, headquartered in New Jersey, remains steadfast in its commitment to delivering value despite economic headwinds.
Read MorePost Title - UltraTech Cement Scores Strong Q4 with Profit Surge and Revenue Growth
UltraTech Cement delivered impressive financial results for the fourth quarter of FY24 (Q4FY24). Heres a breakdown of the key highlights.
Read MorePost Title - Global Market Insights: US Markets Surge as Tech Stocks Shine, Despite Inflation Concerns
The US stock market enjoyed its best week since November, fueled by strong performances from technology companies with robust earnings.
Read MorePost Title - HCL Technologies Reports Marginal Rise in Q4 Profits Amid Revenue Surge
HCL Technologies, Indias third-largest IT service provider, unveiled its Q4 FY24 results, showcasing a notable 7.1% increase in revenue from operations.
Read MorePost Title - ICICI Bank Q4 Preview: Anticipated Surge in Profits Despite NII Growth Dip
Analysts predict a substantial upswing in ICICI Banks net profit for the fourth quarter of FY24, with expectations soaring by up to 18% year-on-year.
Read MorePost Title - Kotak Mahindra Bank Faces Setback as RBI Imposes Restrictions
On Thursday, Kotak Mahindra Bank experienced a significant setback, with its shares plunging by nearly 11% after the Reserve Bank of India (RBI) imposed restrictions on the banks digital operations.
Read MorePost Title - The Alarming Rise of Household Debt in India: Reaches 39.1% of the GDP
India is witnessing a concerning trend as household debt has soared to unprecedented levels, raising red flags for the Reserve Bank of India.
Read MorePost Title - Vedantas Q4 Earnings: Profit Dips 27% to Rs 1,369 Crore; demonstrating Operational Resilience Amidst Challenges
Vedanta Ltd, under Anil Agrawals leadership, witnessed a 27.21% decline in consolidated net profit to Rs 1,369 crore for the March quarter, compared to Rs 1,881 crore in the previous year.
Read MorePost Title - Nestle India Gives Out Robust Results Amidst Challenges: Profit surges by 27%
Nestle India, a prominent player in the FMCG sector, has unveiled robust Q4 results, showcasing a remarkable 27% surge in net profit to Rs 934 crore compared to the previous years Rs 737 crore.
Read MorePost Title - Decoding Q4 Results: TCS, Infosys, and Wipro Showdown - Analyst Insights
The fourth quarter results of major Indian IT giants TCS, Infosys, and Wipro are in, stirring up discussions among investors and analysts alike.
Read MorePost Title - Reliance Jio Surges: Profits Soar by 13.2% in Q4, Revenue Up 11%
Reliance Jio Infocomm, the telecommunications arm of Reliance Industries, has reported impressive financial results for the fourth quarter of the fiscal year 2023-24 (Q4FY24).
Read MorePost Title - Key Indicators and Insights governing Markets this week (22nd April -26th April 2024)
Last week, the Indian markets experienced a decline of over 1.5 percent, influenced by escalating geopolitical tensions in the Middle East.
Read MorePost Title - Record Surge in Indias Direct Tax Collection ; exceeds targets
In a remarkable fiscal achievement, Indias direct tax collections have soared to an impressive Rs 19.58 lakh crore, marking an 18% surge.
Read MorePost Title - HDFC Bank Reports Record Q4 Profits and Dividend Declaration
In a remarkable display of financial prowess, HDFC Bank has announced a staggering 37.05% surge in its standalone net profit for the January-March quarter, reaching an impressive Rs 16,511.85 crore.
Read MorePost Title - IPO Opportunities: A Week of Exciting Market Entrants
With the primary market poised for action, investors eagerly await the launch of four new initial public offerings (IPOs), signalling a resurgence of investment opportunities.
Read MorePost Title - Major reform coming in Indias Tax Landscape: Direct Tax Code Overhaul on the Horizon
Official sources reveal that if re-elected, the Narendra Modi government intends to prioritize the implementation of the long-awaited Direct Taxes Code (DTC).
Read MorePost Title - Jio Financial Services Reports Strong Q4 Results and Expands Partnership with BlackRock
Jio Financial Services Ltd has announced a consolidated net profit of Rs 310.63 crore for the fourth quarter of FY24, marking a significant 5.72% increase from the previous quarter.
Read MorePost Title - Zomatos Remarkable Performance Sparks Varied Analyst Views
Zomato Ltd. has witnessed an unprecedented 260% surge in its stock price since last April, surpassing gains in global delivery stocks.
Read MorePost Title - Geopolitical Tensions Stoke Fears of Oil Price Surge
In a world increasingly fraught with geopolitical tensions, the recent escalation between Iran and Israel has sent shockwaves through global markets.
Read MorePost Title - Income Tax Department Launches Drive to Boost Tax Return Filings ,will include reach out to 15.2 million taxpayers
The Income Tax department is embarking on a new initiative to identify and reach out to individuals and entities who are required to file tax returns but have failed to do so or evaded taxes.
Read MorePost Title - Indian Stock Market Unfazed by Iran Attacks, Eyes on Israels Response
The Indian stock market is unlikely to be significantly impacted by Irans recent attacks on Israel unless theres a strong retaliation from Israel, according to market analysts.
Read MorePost Title - Indias Economic Update: Inflation Edges Below 5% as Industrial Output Surges by 5.7%
Retail inflation in India remained above 4% for the entirety of FY24, with a slight dip to 4.85% in March from the previous months 5.09%.
Read MorePost Title - Gold Prices Surge Amid Rising Geopolitical Tensions
Gold prices are on the upswing, reaching new heights despite the simultaneous rise in the US dollar and Treasury yields.
Read MorePost Title - TCS Q4 FY24 Report: Profit Soars to Rs 12,434 Crore by 9% , Revenue Hits Rs 61,237 Crore ,up by 3.5%
In an impressive financial performance, Tata Consultancy Services (TCS) unveiled its Q4 FY24 results, revealing a staggering consolidated net profit of Rs 12,434 crore, marking a notable 9% surge from the previous years Rs 11,392 crore.
Read MorePost Title - Sensex and Nifty 50 Plunge Amid Global Economic Concerns of War looking in the Middle East
The Indian stock market experienced a significant downturn on Friday, April 12, as global economic uncertainties rattled investor confidence.
Read MorePost Title - Skymet predicts Normal Monsoon in India: FMCG Sector Awaits Monsoon Boost
Skymet’s promising forecast of a favourable monsoon in India for the upcoming year has infused hope and excitement within the fast-moving consumer goods (FMCG) sector.
Read MorePost Title - Avenue Supermart Shares at 52 week high : New Store count data boosts sentiments
Avenue Supermart, the operator of DMart, is scaling new heights with its recent stock surge, hitting a 52-week high amidst significant developments.
Read MorePost Title - Paytm Shares Slide Below Rs 400 Amid UPI Market Share Dip
Paytm, the leading fintech firm, experienced a notable downturn in its share price as it dipped below the Rs 400 mark in Wednesdays trading session.
Read MorePost Title - Wipros CEO resigns : Leadership Transition and Future Prospects
Wipro, a leading Indian IT services company, is undergoing a significant leadership transition as CEO Thierry Delaporte resigns.
Read MorePost Title - Sensex Achieves Historic Milestone, Hits All-Time High
Equity benchmark indices, the Sensex and Nifty, surged to unprecedented levels on Thursday, buoyed by robust buying in IT, consumer durables, and financial sectors. Investors displayed renewed optimism in anticipation of strong corporate performance.
Read MorePost Title - RBI Likely to Maintain Status Quo in First FY25 MPC Meeting
The Reserve Bank of India (RBI) is set to announce its Monetary Policy Committee (MPC) decision on interest rates today, marking the first meeting of Financial Year 2024-25 (FY25).
Read MorePost Title - Market Insights: 3rd April 2024: Impact of Global Economic Factors
Analysts provide insights into the current global market dynamics, highlighting the interplay between positive economic indicators and rising crude prices.
Read MorePost Title - Market Insights: 3rd April 2024: Impact of Global Economic Factors
Analysts provide insights into the current global market dynamics, highlighting the interplay between positive economic indicators and rising crude prices.
Read MorePost Title - India's Economic Growth Projections pegged at 7.5% by World Bank and promising Regional Outlook
The World Bank forecasts India's economy to surge at a promising rate of 7.5% in 2024, signaling robust growth potential driven by key sectors such as services and industry. However, a moderated growth trajectory of 6.6% is anticipated over the medium term.
Read MorePost Title - GST Collection Reaches All-Time High: Rs. 1.78 Trillion in March
March witnessed a historic milestone in India's economic journey as GST collections soared to unprecedented heights, touching Rs. 1.78 trillion. This remarkable feat, achieved despite challenges, underscores the resilience and vitality of India's economy.
Read MorePost Title - The Delicate Balancing Act: RBI's Policy Dilemma Amidst Global Economic Shifts
Crude oil prices soared by over $1 per barrel, signalling a bullish trend amidst anticipations of tighter supplies ahead of the awaited policy decision by the Organisation of Petroleum Exporting Countries (OPEC).
Read MorePost Title - MSMEs Brace for Tightened Payment Rules: Reviewing Relationships Amidst Deadline Looming
Are you a married Hindu looking to optimize your tax savings? Look no further than the Hindu Undivided Family (HUF). Zerodha's Nithin Kamath sheds light on this lesser-known yet powerful tax-saving avenue.
Read MorePost Title - Navigating the Surge: Crude Oil Prices Rally Ahead of OPEC Decision
Market observers affirm that the Reserve Bank of India's (RBI) anticipated intervention in the foreign exchange (forex) market has prevented the rupee from plummeting to a new low. Despite initial depreciation, the rupee stabilized at Rs 83.33 per dollar, avoiding a record low.
Read MorePost Title - Revolutionizing Indian Stock Market: Same-Day Trade Settlement on group of 25 stocks from today
The Indian stock market is poised for a groundbreaking transformation as it introduces same-day trade settlement, commencing from Thursday. This pioneering initiative, initially tested on a select group of 25 stocks, promises to redefine the landscape of equity trading.
Read MorePost Title - Revolutionizing Indian Stock Market: Same-Day Trade Settlement on group of 25 stocks from today
Choosing between the old and new tax regimes is a pivotal decision for both professionals and salaried taxpayers. While the new regime boasts simplicity and lower tax rates, the old regime retains numerous benefits that continue to appeal to many individuals. Here’s a detailed exploration of both regimes to empower you in making an informed choice.
Read MorePost Title - Global Tensions Propel Crude Oil Prices Amid Supply Concerns
Oil prices surged in Asian trading, driven by escalating conflicts in the Middle East and heightened tensions between Russia and Ukraine.
Read MorePost Title - Market Outlook for Holiday Filled Week: Key Events and Analysis for the Week Ahead
This week, markets will see just three trading sessions due to public holidays. Equity markets will be closed on Monday for Holi and on Friday for Good Friday, creating a shortened trading week.
Read MorePost Title - Good news : La Nina to Return: Above-Average Monsoon Expected for India
The Asia-Pacific Economic Cooperation (APCC) Climate Center has unveiled its initial monsoon forecast for India, presenting optimistic projections for the upcoming rainy season.
Read MorePost Title - Rupee Weakens Against US Dollar Amid Global Market Pressures
In the early hours of trading on Wednesday, the Indian rupee experienced a slight depreciation against the US dollar, standing at 82.85, influenced by the prevailing strength of the American currency and escalating crude oil prices.
Read MorePost Title - Markets to remain volatile amidst expected US FED decision on interest rates and unfolding Lok Sabha election campaigns
As investors brace themselves for market fluctuations, the looming US Federal Reserve interest rate decision takes centre stage, influencing sentiments amidst a backdrop of global economic indicators.
Read MorePost Title - Adani Group reveals an ambitious $14 Billion Investment Plan for FY25
The Adani Group, under the visionary leadership of Gautam Adani, is set to embark on a groundbreaking investment journey, allocating a staggering $14 billion across its expansive portfolio companies in the fiscal year commencing April 2024.
Read MorePost Title - Paytm Receives Game-Changing Approval: Share Price Surges 5%
The stock market witnessed a significant surge as Paytm's share price soared by 5% following the much-awaited approval from the National Payments Corporation of India (NPCI).
Read MorePost Title - Deadline Alert: Act Now to Secure Your Finances - March 15th Advance Tax Deadline Approaching Fast!
Advance tax, a crucial aspect of income tax payments, entails dividing the tax liability into instalments rather than a single lump sum payment. This method ensures timely contributions towards your tax obligation.
Read MorePost Title - SEBI's Game-Changing Move (T+0) : Same-Day Settlement on the Horizon
In a bold move set to redefine India's financial landscape, the Securities and Exchange Board of India (SEBI) announces plans to introduce same-day settlement in the cash segment.
Read MorePost Title - The Rupee's Dance: Navigating Global and Domestic Economic Tides
The Indian Rupee, a barometer of economic sentiment, stands poised for another day of cautious trading. As global markets await the release of U.S. inflation data, investors are bracing for potential shifts in the Federal Reserve's interest rate policy.
Read MorePost Title - NITI Aayog Chairman shares insights Addressing Under-Employment in India Through Reforms
Arvind Panagariya, chairman of the 16th Finance Commission and former NITI Aayog Chairman, emphasized the pressing challenge of under-employment in India, highlighting the need for structural reforms to address this issue.
Read MorePost Title - Current growth declines to 3.7%, significant decline as compared to previous year - RBI’s decision to withdraw 2000 Rs notes likely played key role
Recent reports indicate a notable decline in the growth of currency in circulation, which dropped to 3.7 percent for the week ending February 9, a significant decrease from 8.2 percent recorded a year earlier.
Read MorePost Title - Reliance and Disney Forge Media Merger Pact
Reliance Industries Limited (RIL) and Walt Disney Co have entered into a binding agreement to merge their media operations in India, signalling a significant development in the media and entertainment industry.
Read MorePost Title - These factors will govern the Stock Markets in the last week of February; check out
As we brace for the week ahead, market analysts anticipate heightened volatility driven by the February derivatives contracts' expiry.
Read MorePost Title - Vodafone Idea Shares Surge on Upcoming Fundraising Plans
The stock market witnessed a significant surge in Vodafone Idea shares following the announcement of its plans to raise funds through various avenues.
Read MorePost Title - Jio Financial Services Surges to Record High: Market Cap Crosses ?2 Lakh Crore
Jio Financial Services witnessed an impressive surge, with its share price jumping over 14% to reach an all-time high. This marked the fifth consecutive session of gains, with shares hitting ?347 apiece on the BSE.
Read MorePost Title - India's Space Sector Propels Stocks to New Heights with FDI Policy Overhaul
In the wake of the Union Cabinet's approval of amendments to the Foreign Direct Investment (FDI) policy in the space sector, stocks in the space industry have skyrocketed.
Read MorePost Title - Tata Investment Corporation: Shares Surge by over 5% - Let's delve into a Phenomenal Journey of Growth
Witnessing an impressive surge, Tata Investment Corporation Ltd showcased a remarkable gain of 9.82% in today's trading session on the Bombay Stock Exchange (BSE).
Read MorePost Title - Vibhor Steel Tubes IPO Makes Sensational Debut, Shares Surge 181.5% on NSE
Vibhor Steel Tubes witnessed an impressive debut on the stock exchanges, with its share price soaring by a staggering 181.5% on the National Stock Exchange (NSE).
Read MorePost Title - Deepak Fertilisers Surges Nearly 10% on Long-Term LNG Partnership with Equinor
Deepak Fertilisers witnessed a significant surge in its share price, jumping nearly 10% following the announcement of a 15-year LNG contract with Norwegian giant Equinor.
Read MorePost Title - Market Outlook for this week (19-23rd February 2024)-: Analyzing Key Triggers for Nifty 50's Potential Surge
As the Nifty 50 sets its sights on retesting record highs, market analysts anticipate a surge above the critical level of 22,150. However, this ascent is poised to encounter bouts of intra-day volatility, underscoring the cautious optimism prevailing among investors.
Read MorePost Title - Geopolitical Tensions Propel Oil Prices Amidst Demand Forecast Uncertainty
In the realm of oil markets, geopolitical unrest often holds sway over economic forecasts. This week, tensions in the Middle East took centre stage, overshadowing projections of sluggish demand from the International Energy Agency (IEA).
Read MorePost Title - RBI Extends Paytm Payments Bank Deadline Amid Regulatory Curbs
In a bid to provide customers with additional time for transitioning, the Reserve Bank of India (RBI) has extended the deadline for Paytm Payments Bank services to March 15, 2024.
Read MorePost Title - LIC Receives Massive Tax Refund: Boosting Financial Strength
Life Insurance Corporation of India (LIC) has secured a significant tax refund of Rs 21,740.77 crore from the Income Tax Department.
Read MorePost Title - Paytm Shares Plummet by 3% Amid ED Scrutiny and Circuit Revisions
At 9:32 am, Paytm shares faced a 3% decline, trading at Rs 330.75 on the NSE. The downward trend follows recent volatility in the market, amplifying concerns among investors.
Read MorePost Title - Glenmark Pharma's Q3 Results Propel Stock Price Surge by Over 6%
Glenmark Pharma's shares soared over 6% following the announcement of its Q3 results, marking a significant uptick in investor confidence. The pharmaceutical giant has witnessed robust gains over the past year, underscoring its resilience amidst market fluctuations.
Read MorePost Title - Japan loses tag of World's 3rd largest economy - as Japan's Economic Decline takes hold: India on way to turn into world 4th largest economy
In a recent revelation, Japan's position as the world's second-largest economy has been eclipsed, slipping to fourth place behind Germany. This pivotal change underscores deeper issues plaguing Japan's economic prowess, characterized by diminishing competitiveness and productivity.
Read MorePost Title - Retail Inflation Dips to Three-Month Low in January, Signals Economic Resilience
In January 2024, annual retail inflation witnessed a significant drop to 5.1%, marking its lowest level in three months. This decline, from 5.69% in December, aligns with projected expectations and reflects a promising trend in the economic landscape.
Read MorePost Title - Coal India's Profits Surge in Q3, Declares Interim Dividend
In a notable financial upturn, state-run Coal India reported a substantial increase in net profit for the December quarter. The company's profit soared to Rs 9,069 crore, marking a significant rise from Rs 6,799 crore in the preceding quarter.
Read MorePost Title - EPFO Sets Three-Year High Interest Rate of 8.25% for Employees' Provident Fund
The Employees' Provident Fund Organisation (EPFO) has announced a three-year high interest rate of 8.25% on employees' provident fund (EPF) deposits for the fiscal year 2023-24.
Read MorePost Title - Israel's Tower Semiconductor Proposes $8 Billion Chip Plant in India
Israel's Tower Semiconductor has unveiled plans to construct an $8 billion chip-making facility in India, aiming to capitalize on the country's burgeoning semiconductor manufacturing sector.
Read MorePost Title - India's Direct Tax Collections Surge, Exceeding 80% of FY24 Target
India's direct tax collections have surged, reaching Rs. 18.38 lakh crore as of February 10, marking a remarkable 17% increase compared to the same period last year. Net of refunds, the collections stand at Rs. 15.60 lakh crore, representing a substantial 20% growth year-on-year.
Read MorePost Title - Watch on Paytm today : Shares Under Scrutiny Amid Government Inspection and Board Formation
Paytm shares are set to face heightened scrutiny following reports of a government examination into Chinese investments in Paytm Payments Services Ltd.
Read MorePost Title - All eyes on RBI Governor: RBI's Monetary Policy Announcement on Feb 8th 2024: A Comprehensive Overview
The Reserve Bank of India (RBI) is set to unveil its latest monetary policy decisions on February 8th, 2024, at 10 am. Anticipation is high as analysts dissect various indicators to gauge the central bank's next moves.
Read MorePost Title - Cognizant Reports Q4 Profit Growth Despite Revenue Dip, Issues FY24 Guidance
Cognizant Technology Solutions, headquartered in Teaneck, New Jersey, has announced its financial results for the fourth quarter of 2023, revealing a notable increase in net profit amidst a slight decline in revenue.
Read MorePost Title - Paytm Founder Meets FM amidst Paytm Regulatory Scrutiny and Investor Concerns
Reports of Paytm CEO Vijay Shekhar Sharma meeting with Finance Minister Nirmala Sitharaman and the Directorate of Enforcement (ED) considering a formal probe into Paytm have put the company in the spotlight.
Read MorePost Title - RBI Greenlights HDFC Bank Group's Strategic Move of acquiring 9.5% stake in IndusInd Bank
In a significant development, the Reserve Bank of India (RBI) has granted approval to HDFC Bank Group for its proposed acquisition of up to 9.50 percent aggregate holding in the paid-up share capital or voting rights of IndusInd Bank.
Read MorePost Title - Jio Financial Denies Talks to Acquire Paytm's Wallet Business
Jio Financial Services (JFSL) has vehemently refuted recent speculations regarding its purported negotiations to acquire Paytm's wallet business. In a regulatory filing late last night, the NBFC clarified that it has not engaged in any discussions concerning the acquisition.
Read MorePost Title - SBI's Q3 Performance: Navigating Challenges with Resilience
In the latest financial results unveiled on February 3, 2024, the State Bank of India (SBI) showcased resilience amid challenging economic conditions. Let's delve into the key figures and factors influencing the bank's performance.
Read MorePost Title - Market Pulse: Global Developments and Domestic Investments
As of February 5, 2024, the financial landscape is marked by a series of significant developments impacting both Asian and global markets. Here's a detailed update on the latest market movements and key influencers.
Read MorePost Title - Tata Motors' Remarkable Surge: Q3 Net Profit Soars 137% to Rs 7,025 Crore
Tata Motors, a key player in the automotive industry, has unveiled stellar Q3 results, showcasing an extraordinary 137% surge in net profit. The financials for the quarter ending December 2023 reveal a net profit of Rs 7,025 crore, a substantial rise from Rs 2,958 crore in the same period the previous year.
Read MorePost Title - IndiGo's Soaring Success: Q3 Profits Skyrocket to Rs 2,998 Crore
IndiGo, operated by Interglobe Aviation Ltd, has set the aviation industry ablaze with a phenomenal 110.68% surge in its third-quarter profits, fueled by robust air travel demand. The standalone profit for the quarter ending December 31 stands at an impressive Rs 2,998 crore, a remarkable leap from Rs 1,423 crore in the corresponding period last year.
Read MorePost Title - Insights into Abbott's Strong Performance: Q3 2023 Financial Results Impressive
Abbott India Ltd, a prominent pharmaceutical player, has reported stellar financial results for the third quarter ending December 31, 2023. The company showcased a remarkable 26% year-on-year (YoY) surge in net profit, reaching ?311 crore.
Read MorePost Title - Comprehensive Overview of Budget 2024: Interim Budget a nothingburger ; no major announcements on tax rate changes or schemes - A GYAN Centric Budget
In a historic move, Finance Minister Nirmala Sitharaman presented the Interim Budget 2024-25, unveiling a slew of groundbreaking initiatives to propel India's growth. Prime Minister Modi lauded the budget, emphasizing the record-high investment of ?11,11,111 crore for capital expenditure.
Read MorePost Title - Paytm Faces Substantial Impact on Earnings Following RBI Restrictions ; stock hits Lower circuit
In a recent development, One97 Communications Ltd., the parent company of the popular payments aggregator Paytm, anticipates a noteworthy blow to its annual Earnings before Interest, Tax, Depreciation, and Amortisation (EBITDA) ranging from ?300 crore to ?500 crore.
Read MorePost Title - Focus on GYAN - (Garib ,Yuva, Annadata, Nari) likely as FM Sitharaman Unveils Interim Budget 2024
Union Finance Minister Nirmala Sitharaman is poised to present the Interim Budget 2024-25, sparking intrigue despite her assertion of no spectacular announcements. As the country gears up for Lok Sabha polls, experts anticipate subtle yet impactful measures to be introduced across various sectors.
Read MorePost Title - Sun Pharma Shines Bright with Robust Q3 Performance
Sun Pharmaceutical Industries Ltd has reported a stellar performance in the third quarter of fiscal year 2024, witnessing a 17% year-on-year surge in net profit, reaching Rs 2,524 crore.
Read MorePost Title - Maruti Suzuki Set for Strong Q3 Performance: Projected Profit Surge, Volume Growth, and Margin Dynamics
Maruti Suzuki India Ltd is on track to unveil robust Q3 results, with expectations of a significant YoY surge in net profit, estimated at 30-35%. Analysts predict a 14-15% rise in sales, accompanied by a projected volume growth of 7-8%.
Read MorePost Title - Oil Markets tumble: China's Economic Woes and Middle East Tensions Drive Fluctuations
Oil prices faced a over 1% drop as China's economic concerns and the Red Sea crisis loomed large. Brent crude stood at $81/bbl, impacted by various factors. Let's dive into the details.
Read MorePost Title - RBI Approval Boosts HDFC Bank Shares, shares up by almost 2%
Shares of HDFC Bank surged by almost 2% to ?1,462.80 in the early trade on Monday, following the Reserve Bank of India's (RBI) approval for LIC to increase its stake in the bank up to 9.99%.
Read MorePost Title - Waaree Renewable: A Small-Cap Marvel Turns ?1 Lakh into ?1.95 Crore - Unveiling the Multibagger Phenomenon
In the fast-paced world of stock markets, Waaree Renewable Technologies emerges as a small-cap sensation, propelling a ?1 lakh investment into an astonishing ?1.95 crore within just five years. This article delves into the captivating journey of this multibagger marvel.
Read MorePost Title - Market Expectations Soar as Interim Budget 2024 Looms Large
As the eagerly anticipated interim budget for 2024-25 approaches, analysts predict an eventful week for the markets. Key factors contributing to the market sentiment include the budget announcement, the US Federal Reserve policy decision, and the release of quarterly earnings.
Read MorePost Title - Salasar Techno Engineering Soars to New Highs with Robust Fundraising Plans
Shares of Salasar Techno Engineering Ltd experienced an impressive 10% surge, hitting the upper circuit and marking a new 52-week high at Rs 120.93 on Thursday. This surge was fueled by the company's strategic decision to raise funds through preferential allotment of equity shares and warrants.
Read MorePost Title - Elevating HDFC Bank's Fortunes: LIC's Strategic Move to Acquire 9.99% Stake
In a strategic move, the Reserve Bank of India has granted approval to Life Insurance Corporation of India (LIC) to acquire up to 9.99% of HDFC Bank shares. This comes as a potential game-changer for HDFC Bank, aiming to revitalise investor confidence following a significant dip post its Q3 results.
Read MorePost Title - Bajaj Auto's All-Time High Sparks Investor Interest: Q3 Results Surpass Expectations
Bajaj Auto witnessed an impressive surge of over 5%, hitting an all-time high of Rs 7,590 on January 25, following its outstanding Q3 performance. The two-wheeler major reported record-breaking revenue and net profit for the third consecutive quarter, closing the session with a remarkable upswing.
Read MorePost Title - Adani Power Dominates Q3 with Staggering Profit Surge
Adani Power Ltd has showcased a remarkable financial resurgence, reporting a substantial multi-fold jump in consolidated net profit to Rs 2,738 crore for the quarter ending December 31, 2023.
Read MorePost Title - Coforge's Q3 Triumph: Strong Profits, Operational Efficiency, and Growth Moves
In the fast-paced world of information technology, Coforge is making waves with an outstanding Q3 performance, boasting a remarkable 31% increase in consolidated net profit.
Read MorePost Title - Results for Tata Steel's Q3 to be out today: Sales likely to be muted ,volume expansion likely
As Tata Steel gears up to reveal its December quarter results, industry watchers anticipate a complex financial landscape, particularly with potential challenges in Tata Steel Europe. Let's dissect the expected outcomes and factors shaping the company's financial narrative.
Read MorePost Title - HUL Faces Setback: Shares Hit 2-Month Low After Q3 Earnings Miss
Hindustan Unilever (HUL), India's leading FMCG company, experienced a significant setback as its shares plunged to a two-month low following disappointing Q3FY24 earnings. The company attributed the underwhelming performance to weak rural consumer sentiment and delayed winter.
Read MorePost Title - Global Economic Dynamics Influence Foreign Investments in Indian Real Estate
Foreign investments in India's real estate market, primarily driven by the United States, faced a decline in 2023 due to rising inflation and geopolitical concerns. Despite challenges, the Indian real estate sector remains a sought-after destination for global investors.
Read MorePost Title - Unveiling the Market Wisdom: 10 Lessons from Ayodhya Ram Mandir for Stock Investors
In a significant moment in Indian history, the Ram Temple in Ayodhya was inaugurated on January 22, 2024. Beyond the religious and cultural significance, the epic life of Shree Ram imparts invaluable lessons that extend to every sphere of human activity.
Read MorePost Title - Zee-Sony Merger Fizzles, New Possibilities Emerge
In a surprising turn of events, the much-anticipated $10 billion merger between Zee and Sony has been called off after over two years of anticipation. This termination presents both companies with a multitude of options and sets the stage for potential shifts in the Indian entertainment landscape.
Read MorePost Title - Reliance Industries Q3 Report: Net profit surges 9.3% ,however falls short of expectations
In the latest quarterly report, Reliance Industries Ltd (RIL) showcased a robust 9.3% YoY increase in its consolidated net profit for Q3 ending December 2023. Despite this commendable growth, the energy segment's weakness tempered the overall performance, offsetting the steady profit uptick in RIL's retail and telecom businesses.
Read MorePost Title - Paytm's Q3 Triumph: 38% Revenue Surge and Remarkable Loan Distribution
In a financial spectacle, Paytm's parent company, One97 Communications, recorded an impressive 38% surge in consolidated revenue for Q3 ending December 2023, reaching Rs 2850 crore.
Read MorePost Title - Record-Breaking Surge: Over 141,000 Firms Incorporated in FY24, Signalling Economic Boom
In a remarkable feat, the Ministry of Corporate Affairs (MCA) reports an unprecedented surge in company incorporations during the current financial year, reaching a historic tally of over 141,000 firms as of January 10.
Read MorePost Title - Oracle Financial Services Software (OFSS) Soars nearly 30% with Remarkable Q3 Performance
Shares of Oracle Financial Services Software Ltd (OFSS) witnessed a remarkable surge of over 30% during Thursday's trading session, defying market trends. This significant boost followed the company's announcement of a robust performance in the third quarter of 2023.
Read MorePost Title - Polycab India's Q3 Outlook: Navigating Challenges Amidst Optimistic Projections
As Polycab India prepares to disclose its Q3 results, analysts foresee a potential upswing in profit despite recent income tax raids casting a shadow. The cable and wire manufacturer, facing a significant share dip, anticipates a promising 25% YoY profit increase against a backdrop of a 12-20% rise in revenue.
Read MorePost Title - Market Crashes by over 1600 points: HDFC Bank's Plunge Sparks Largest Market Rout in 18 Months
A sudden and dramatic downturn gripped the Indian markets as HDFC Bank, a cornerstone of the Nifty and the Sensex, experienced a sharp decline. This triggered the most significant single-day losses in nearly a year and a half, wiping off a staggering Rs 4.59 trillion from investors' wealth.
Read MorePost Title - India's Growth Trajectory: Fitch's Optimistic Outlook Amid Fiscal Challenges
In a recent development, Fitch, the global ratings agency, has revised India's growth forecast for the fiscal year ending March 2023. The growth rate has been upgraded to an impressive 6.9%, surpassing the earlier projection of 6% issued in May last year. This upward revision signals positive momentum in India's economic landscape.
Read MorePost Title - Anticipated Surge in Asian Paints Q3 Profits and Margin Expansion
Investors are eagerly awaiting the Q3 financial results of Asian Paints, with expectations running high for a substantial year-on-year profit growth ranging from 27% to 34%. Analysts predict a boost in net profit for the December quarter, fueled by a modest single-digit increase in sales.
Read MorePost Title - Escalating Middle East Crisis Influences Oil Prices, Tankers Change Course
Oil prices experienced a slight uptick on Tuesday amid an escalating crisis in the Middle East. Ship tracking data revealed an increasing number of tankers altering course away from the Red Sea in response to attacks by Yemen's Houthi movement.
Read MorePost Title - IRFC Shares Surge 19%, Analysts Bullish on Further Upside
Indian Railway Finance Corporation Ltd (IRFC) experienced a remarkable surge in its shares, reaching a fresh one-year high with an 18.80% rally, hitting Rs 134.70. Analysts are optimistic about the stock's potential for further gains in the near term.
Read MorePost Title - Jio Financial Services Set for Growth: Q3 Results Unveiling and Strategic Insights
As Jio Financial Services Ltd (JFS) prepares to disclose its December quarter results, the anticipation is high, especially after its impressive performance in the September quarter. Let's delve into the key factors shaping JFS's trajectory in the financial landscape.
Read MorePost Title - Market Insights: Navigating the Landscape - What to Expect Today
The Indian stock market is gearing up for Monday's trading session, influenced by a mix of global signals. Investors are keenly watching corporate earnings for insights into the December 2023 quarter performance.
Read MorePost Title - December 2023: India's Retail Inflation up to 5.69% and Industrial Production declines
In a recent update, India's economic landscape reveals noteworthy trends in retail inflation and industrial production for December. The data, released by the National Statistical Office (NSO), sheds light on rising food costs impacting inflation and a decline in the Index for Industrial Production (IIP) growth.
Read MorePost Title - DMart's Q3 2024 Projections Spark Investor Optimism
Avenue Supermarts, famously known as DMart, is on the brink of unveiling its Q3 results, and market experts foresee a positive trajectory for the retail giant.
Read MorePost Title - Over 20% Plummet: Polycab India Shares Tumble on Tax Evasion Probe
Polycab India, a major player in the electrical goods sector, faced a substantial blow as its shares plummeted by over 20%, wiping out ?15,485.96 crore from its market valuation. This drastic downturn was triggered by ongoing concerns related to a tax evasion investigation.
Read MorePost Title - IT Giants TCS AND INFOSYS Post weak numbers amidst Challenging Q3 Earnings Season
India's IT powerhouses, Infosys and TCS, ushered in the Q3 earnings season, signalling the impact of a challenging macro environment on their performance.
Read MorePost Title - Delta Corp Faces 59.34% Q3 Profit Plunge Amidst GST Controversy
Delta Corp Ltd, the lone listed company in India's casino gaming industry, experiences a significant 59.34% YoY decline in consolidated net profit for Q3, raising concerns and driving market focus.
Read MorePost Title - Polycab India Dispels Tax Evasion Rumours, Shares Face Volatility
Polycab India Ltd has come under the spotlight as the company denies rumors of tax evasion amidst a recent plunge in its shares. The company refutes claims of transactions worth Rs 250-300 crore in the promoter accounts, as reported by CNBC TV18.
Read MorePost Title - Red Sea Crisis Casts a $30 Billion Shadow on India's Exports
Amidst escalating threats to cargo vessels in the Red Sea, India faces a potential blow of approximately $30 billion to its total exports in the current fiscal year.
Read MorePost Title - Bajaj Auto Announces Rs 4,000 Crore Share Buyback at Premium Price
In a strategic move to enhance shareholder value, Bajaj Auto Ltd has given the nod for a massive Rs 4,000 crore share buyback at an impressive price of Rs 10,000 per share.
Read MorePost Title - Q3 Earnings Calendar : IT Giants TCS and Infosys to Set the Tone in a Challenging Quarter
As the Q3 earnings season unfolds, the IT sector takes the stage with industry giants Tata Consultancy Services (TCS) and Infosys gearing up to announce their results on January 11.
Read MorePost Title - Expectations from Pre-Election Budget : Interim Budget 2024 and Tax Reforms Anticipation
As the Interim Budget 2024 approaches, speculations swirl around possible adjustments to income tax slabs. Finance Minister Nirmala Sitharaman, set to present her sixth consecutive budget for the NDA government, faces the challenge of balancing economic considerations and political constraints.
Read MorePost Title - Knowing the Week's Market Potential: Q3 Earnings, Economic Indicators, and Global Influences
As we step into a new week, Dalal Street gears up for a dynamic series of events that could shape market trends. Let's delve into the key factors that might steer the Sensex and Nifty.
Read MorePost Title - RBL Bank Shows Resilience with Robust Q3 Performance and Strategic Focus
RBL Bank takes centre stage as its Q3 financials reveal a commendable 20% growth in advances and a 13% surge in deposits. The bank's strategic approach is evident in the dynamic balance between retail and wholesale advances.
Read MorePost Title - GDP Figures to be out today: India's Economic Growth Surges to 7% Amidst Optimistic Projections
India is poised to achieve an impressive 7% growth for the fiscal year 2023/24, exceeding earlier estimates. The Reserve Bank of India's (RBI) revised forecast and the proactive measures by Prime Minister Narendra Modi have played pivotal roles in this economic upswing.
Read MorePost Title - Verdict Day: Supreme Court to Rule on Adani-Hindenburg Case Today
Today, January 3, marks a pivotal moment as the Supreme Court is set to deliver its judgment in the Adani-Hindenburg case, addressing a cluster of petitions probing allegations of fraud against the Adani Group.
Read MorePost Title - Vodafone Idea Faces Stock Turbulence Amidst Starlink Acquisition Speculations; stock plunges 4% as rumours officially refuted
Vodafone Idea finds itself in the eye of a stock market storm as it dispels rumours about potential discussions with Elon Musk's Starlink for managing services in India.
Read MorePost Title - Record-Breaking Start: 81.8 Million ITRs Filed, Uplifting 9% in AY 2023-24
In a remarkable surge, a record 81.8 million income tax returns (ITRs) have been filed until December 31 for the assessment year 2023-24, showcasing a substantial 9% increase from the previous year's 75.1 million filings.
Read MorePost Title - Stocks under Watch as Indian Markets prepare for a weak start :Market Snapshot - January 2, 2024
At 8:00 AM, Gift Nifty quoted at 21,856 levels, down 33 points, signalling a subdued start on Tuesday. Asian shares retreat, with Hang Seng down by 1%, Kospi by 0.3%, and Shanghai Composite by 0.06%. Japan's Nikkei remains closed following a massive earthquake.
Read MorePost Title - Navigating 2024: Insights into India's Dynamic Equity Market
As we step into the promising terrain of 2024, the Indian equity market stands at the threshold of a compelling journey, fueled by a blend of local and global influencers.
Read MorePost Title - Know the 5 Financial Changes Unveiling in 2024
As we step into 2024, gear up for 5 significant changes shaping the financial landscape for the better. Here's what you need to know.
Read MorePost Title - GST Council Grants Extension for Tax Recovery: Businesses Get Breathing Room
In a recent development, the Goods and Services Tax (GST) Council has provided tax officials with an extended timeline for the recovery of dues from businesses for the financial years 2019 (FY19) and 2020 (FY20).
Read MorePost Title - Vodafone Idea's Phenomenal Rally:Stock surges 23% ; Analysts Unveil Perspectives
In a surprising year-end surge, Vodafone Idea shares soared by 23% during the final trading session of 2023, hitting an impressive one-year high at Rs 16.22. Analysts weigh in on the factors fueling this surge and offer a unified perspective on the stock's trajectory.
Read MorePost Title - Government Announcement of Fuel Price Reductions likely soon : Relief for Consumers on the Horizon
In a bid to alleviate the economic burden on citizens, the Indian government is contemplating a significant reduction in petrol and diesel prices, sources revealed to Business Today.
Read MorePost Title - Consequences of Missing the December 31 ITR Filing Deadline
In the realm of income tax, meeting deadlines is paramount. Failing to file your income tax return (ITR) by the December 31 deadline can result in penalties, interest accrual on unpaid taxes, and potential delays in receiving refunds.
Read MorePost Title - Zomato Faces Rs 402 Crore Tax Notice - Shares Under Watch
Zomato, the online food delivery giant, is at the center of attention as it discloses receiving a significant tax notice of Rs 402 crore under Section 74(1) of the Central Goods and Services Tax Act, 2017.
Read MorePost Title - Gold Surges to 3-Week High Amidst Anticipation of U.S. Interest Rate Cuts
Gold prices reached a three-week peak as investors flocked to zero-yield assets in anticipation of upcoming U.S. interest rate cuts. The surge was supported by a weakening dollar and declining bond yields, propelling spot gold to $2,074.49 per ounce, marking its strongest performance since December 4.
Read MorePost Title - IRCTC Shares slip after a long surge driving to 52 week high
As we step into the financial year 2023-24, Indian Railway Catering and Tourism Corporation (IRCTC) has been on a notable uptrend, rebounding from around ?560 apiece at the end of March 2023.
Read MorePost Title - Early Notification: ITR Forms 1 and 4 Unveiled by Income tax department for AY 2024-25
In an unusual move, the Central Board of Direct Taxes (CBDT) has unveiled the Income Tax Return (ITR) forms 1 (SAHAJ) and 4 (SUGAM) seven months ahead of the usual schedule.
Read MorePost Title - Adani Wilmar Promoters Eye Stake Sale to Meet Public Shareholding Norms
Adani Wilmar Ltd is set to make headlines as its promoters, Lence Pte Ltd and Adani Commodities LLP, express their intent to divest part of their stake in the FMCG company.
Read MorePost Title - Rising Threats to India's Crude Oil Supply Chain
In recent developments, growing attacks on ships, particularly oil tankers, in and around the Red Sea pose a temporary threat to India's crude shipments from West Asia. This comes in the wake of drone attacks on two India-bound vessels, fueling concerns over maritime trade amid the Israel-Hamas conflict.
Read MorePost Title - Wipro's Remarkable Rally: A 7% Surge Sparks Positive Momentum
Wipro Ltd has experienced a noteworthy surge, jumping over 7% to reach a one-year high at Rs 466.15. This substantial uptrend prompts a closer examination to assess its strength and sustainability.
Read MorePost Title - Polycab shares dip upto 5% as Income Tax Raids Hit 50 Locations Nationwide
Shares of Polycab India experienced a sharp 5% decline to Rs 5,365 on the BSE, accompanied by substantial trading volumes, following reports of Income Tax (I-T) raids at more than 50 locations across the country.
Read MorePost Title - Government Grants LIC 10-Year Window for 25% MPS Achievement
In a strategic move, the Indian government has accorded a distinctive one-time exemption to the Life Insurance Corporation of India (LIC) to meet the 25 per cent Minimum Public Shareholding (MPS) requirement within a generous span of 10 years.
Read MorePost Title - Nazara Technologies share jump over 5% on gaming collaboration announcement
In a significant move aligning with the 'Make in India' vision, Nazara Technologies has surged ahead by joining forces with four distinguished gaming studios. The announcement propelled Nazara's shares 5% higher on December 20, marking a pivotal moment for the Indian gaming industry.
Read MorePost Title - Cochin Shipyard Secures Rs 488-Crore Defence Contract Amidst Market Fluctuations
Shares of Cochin Shipyard Ltd have garnered attention as the PSU defence firm successfully clinched a contract worth Rs 488.25 crore with the Ministry of Defence (MoD). Despite a dip in stock prices during a market downturn, the company remains resilient.
Read MorePost Title - Unforeseen Bear Onslaught Shakes BSE Sensex, Wiping Out Rs 8.91 Lakh Crore in a Single Day
Equity investors in India faced a substantial blow as the stock market witnessed an unexpected bear attack, resulting in a colossal loss of wealth. The BSE Sensex plummeted by 930.88 points or 1.30%, closing at 70,506.31 points after initially reaching a new all-time high.
Read MorePost Title - IMF's Projections Paint a Resilient Path for India's Economic Growth
In a recent development, the International Monetary Fund (IMF) has unveiled its projections for India's economic growth, forecasting a steady trajectory at 6.3% for both the current fiscal year and the subsequent one.
Read MorePost Title - Exciting Market Debut Anticipated for DOMS Industries and India Shelter Finance Shares
Investors are eagerly awaiting the market debut of DOMS Industries Ltd and India Shelter Finance Corporation Ltd, as both companies are poised to deliver substantial listing gains.
Read MorePost Title - Vedanta Unveils Second Interim Dividend of Rs 11 Per Share, Totaling Rs 4,089 Crore
Vedanta Ltd takes centre stage as it announces a substantial second interim dividend of Rs 11 per share for FY24, amounting to an impressive Rs 4,089 crore. The Board of Directors, in a meeting on December 18, 2023, approved this dividend, reinforcing the company's commitment to shareholder value.
Read MorePost Title - IRCTC Shares Surge 14%, Achieving Record High Turnover
In a bullish move, IRCTC shares soared by 13.82% to Rs 888.90, surpassing the previous day's close of Rs 780.95 on the BSE. The day kicked off with the railway stock opening higher at Rs 782.05.
Read MorePost Title - Unlocking India's Economic Potential: FPIs Propel Market Resurgence
In a stunning rebound, foreign investors inject a whopping Rs 1.5 trillion into Indian equity markets in 2023, defying global uncertainties that led to the worst-ever outflow in 2022. Experts anticipate the positive trend to extend into 2024.
Read MorePost Title - Global Oil Market Surges: Russia's Export Cuts and Red Sea Tensions Propel Prices
In a dynamic turn of events, oil prices surge nearly 1% in early Asian trade, fueled by a drop in Russia's oil exports and heightened concerns over Red Sea disruptions. Brent crude breaches the $77 per barrel mark.
Read MorePost Title - Empowering Women in Boardrooms: A Glimpse into MentorMyBoard's Women Directors Conclave 2023
Union Minister for Women and Child Development, Smt. Smriti Irani, marked the 3rd Edition of the Women Directors Conclave and Awards hosted by MentorMyBoard.
Read MorePost Title - Genus Power Lights Up Markets with a 177% Surge: Lands Rs 1,026 Crore Order
In a stunning display of market prowess, shares of Genus Power Infrastructures Ltd surged by 177% in 2023, marking an impressive trajectory amidst economic uncertainties.
Read MorePost Title - IT Stocks Shine Amidst Global Economic Uncertainty and Bond Yield Shifts
Against the backdrop of global economic uncertainties, major players in the Indian IT sector – TCS, Infosys, Wipro, HCL Tech, and Tech Mahindra – have illuminated the market, with share prices rallying up to 14% over the past month.
Read MorePost Title - IRFC's Remarkable Rally: Nearing the Century Mark
In the latest market move, IRFC shares surged impressively by 15.05%, reaching a significant one-year high of Rs 96.10. This stellar performance marks a whopping 190% rally over the last six months, catching the attention of market participants.
Read MorePost Title - Tanla Platforms Soars 20% on High Volumes, Defying Market Trends
Investors were in for a surprise on December 13 as Tanla Platforms witnessed an impressive 20% surge in its shares, backed by significant trading volumes that surpassed usual averages.
Read MorePost Title - Indian Markets poised for Gains: Expectation Soars After FED Holds Rates Steady and Signals 2024 Rate Cuts
In a pivotal announcement, the US Federal Reserve, under the leadership of Chairman Jerome Powell, has maintained interest rates at 5.25-5.50% for the third consecutive meeting.
Read MorePost Title - NBCC's Rs 1,500 Crore Order Sparks Investor Enthusiasm: Shares Poised for Further Surge
National Building Construction Corporation (NBCC) is poised to capture investor attention as it announces a game-changing Rs 1,500 crore order from the National Cooperative Development Corporation (NCDC).
Read MorePost Title - Economic Data Adds to Worries : IIP Surges, Retail Inflation Spikes
Discoveries in India's economic landscape reveal a surge in the Index of Industrial Production (IIP) and an unexpected rise in retail inflation. These indicators, pivotal to understanding economic health, present a nuanced narrative of growth and challenges.
Read MorePost Title - Global Oil Prices Tumble 3% Amidst Oversupply and Economic Concerns
Oil markets experienced a sharp decline, plummeting over 3% to a six-month low, driven by worries about oversupply and unexpected economic shifts. This downturn was exacerbated by an unforeseen rise in U.S. consumer prices.
Read MorePost Title - Infosys Faces Market Headwinds as CFO Nilanjan Roy Steps Down
Tech giant Infosys encountered a 3% dip in its US-listed ADRs on Monday, December 11, coinciding with the resignation of CFO Nilanjan Roy, effective March 31. The announcement prompted shifts in the market dynamics, raising concerns about the company's financial future.
Read MorePost Title - Sensex Surges to Historic 70,000 Mark Amidst Bullish Momentum
On a remarkable Monday, the Sensex soared to an all-time high of 70,000, driven by robust foreign institutional inflows and reflecting the bullish momentum in the market. This milestone, achieved just 31 days after the Nifty 50 tested the 21,000-mark, signals a buoyant phase for India's equity markets.
Read MorePost Title - Revolutionizing GST Returns: Finance Ministry Targets Seamless Pre-filled Forms
As the fiscal year approaches, the Finance Ministry is gearing up for a groundbreaking change in the Goods and Services Tax (GST) landscape. The focus is on introducing pre- filled GST return forms, aiming to tackle the persistent issue of data mismatches and associated tax notices.
Read MorePost Title - Analysis of factors governing the market for the Week Ahead (Dec 11 - Dec 15)
As we approach the upcoming week, delve into a comprehensive breakdown of the significant economic events set to influence market movements and investor sentiments from December 11 to December 15.
Read MorePost Title - RBI Empowers Digital Future: UPI Transaction Limits Soar to INR 5 Lakhs for Hospitals and Educational Institutions
In a strategic move towards a cashless economy, the Reserve Bank of India (RBI) has made significant enhancements to Unified Payment Interface (UPI) transactions and e-mandates for Hospitals and Educational Institutions.
Read MorePost Title - Nifty's Spectacular Rally: RBI's Pause Fuels Record Highs Amidst FPI Surge
In a dazzling display of strength, the Nifty achieves an impressive winning streak, marking its longest in three years. This surge is fueled by the Reserve Bank of India's (RBI) decision to maintain the repo rate while upgrading the economic growth forecast, resulting in record- breaking highs for Nifty and Sensex.
Read MorePost Title - Adani Group Stocks Soar, Delivering Impressive Returns Amidst Market Fluctuations
Adani Group stocks have witnessed a remarkable turnaround, rebounding from a challenging period earlier in the year. Despite facing allegations of fraudulent activities, malpractices, and financial misinterpretation by Hindenburg Research, the conglomerate's stocks have surged, with several achieving multibagger status.
Read MorePost Title - RBI MPC 2023: Anticipated Monetary Policy Update and Economic Projections. What to Expect?
As anticipation builds, RBI Governor Shaktikanta Das is set to unveil the outcome of the December 2023 Monetary Policy Committee (MPC) meeting today at 10:00 am. This article delves into the key expectations and potential shifts in India's monetary policy.
Read MorePost Title - BHEL's Soaring Performance Sparks Investor Optimism as shares hit fresh 52 week high
Bharat Heavy Electricals Ltd (BHEL) has experienced a significant surge, reaching a fresh 52-week high and capturing investor attention. The company's shares gained 4.33%, reaching Rs 181.65 on the BSE, reflecting a remarkable multibagger return of 111% in six months and 126% year-to-date.
Read MorePost Title - Barclays' Alarming Prediction: India's Inflation Surge in November
Barclays signals a potential breach of the Reserve Bank of India's (RBI) 6% tolerance band as India's consumer price index (CPI) is expected to surge from October's 4.87% to an estimated 6.15% in November.
Read MorePost Title - India's Economic Ascent: S&P Global Predicts Third-Largest Economy by 2030
In a promising forecast, S&P Global predicts that India is poised to become the third-largest economy by 2030, backed by a projected GDP growth from 6.4% in 2023 to 7% in 2026.
Read MorePost Title - Finance Ministry Discloses: Banks Write Off Rs 10.5 Trillion, Recover Rs 7.1 Trillion in 5 Years
In a significant revelation, the banking sector in India has undergone substantial financial shifts in the past five years. Minister of State for Finance, Bhagwat Karad, recently disclosed striking figures, showcasing a complex interplay between massive write-offs and commendable recoveries within scheduled commercial banks (SCBs).
Read MorePost Title - Market Insights: Nifty's Surge, Banking Buzz, and Global Trends
Hold onto your hats, investors! The stock market rollercoaster is gearing up for a potential thrill ride as Nifty eyes resistances at 20,800 and beyond. Buckle up for a closer look at the rising wave that might just carry Nifty to the coveted 21,000 level in the not-so-distant future.
Read MorePost Title - Mamaearth's Market Moves: Fireside Ventures Set to Unload Stake in Honasa Consumer
As the market gears up for another dynamic day, the spotlight is on Honasa Consumer Ltd. Reports have surfaced indicating that Fireside Ventures, a public shareholder, is poised to offload 61 lakh shares in the parent company of Mamaearth. This move equates to a significant 1.9% stake in the company.
Read MorePost Title - Market Triumph: BJP's Electoral Success in Hindi Heartland Fuels Bullish Momentum
In a significant turn of events, the Bharatiya Janata Party (BJP) emerged victorious in three crucial states — Madhya Pradesh, Rajasthan, and Chhattisgarh — setting the stage for potential market upswings.
Read MorePost Title - Market Insights: A Preview into the Week Ahead (4-8th December 2023)
The upcoming week promises a flurry of market triggers, with key events set to shape the trajectory of financial markets. Here's a comprehensive breakdown of the factors that will likely influence the market dynamics:
Read MorePost Title - Impressive Surge in GST Collections Marks November 2023;Diwali festive season boosts spending
In a noteworthy economic development, the Goods and Services Tax (GST) collections for November 2023 witnessed a substantial 15% surge compared to the same period last year, reaching an impressive Rs 1.68 lakh crore.
Read MorePost Title - Adani Group's $84 Billion Infrastructure Vision: Six Firms Set for Global Bond Markets
Charting an ambitious course, the Adani Group unveils plans for six portfolio companies, including Adani Green Energy, Adani Ports & SEZ, and Adani Power, to tap into both domestic and global bond markets.
Read MorePost Title - RBI's Dilemma: Surging Q2 GDP Sparks Hawkish Outlook
India's GDP surged by an impressive 7.6% in the July-September quarter of fiscal year 2023-24, outperforming both market estimates and RBI projections. Fueled by robust government spending and stellar performances in key sectors, the nation remains the world's fastest-growing major economy.
Read MorePost Title - Tata Technologies Dazzling Debut: Skyrockets 168% in Epic IPO Triumph!
Tata Technologies, a Tata Motors subsidiary, electrified the market with a phenomenal 168% surge within moments of its IPO listing. Opening at a remarkable 140% premium to the issue price, this IPO stands as the most spectacular debut in the last two years, making waves with a staggering market value of ?3,042.51 crore.
Read MorePost Title - Exciting Market Debut: Tata Technologies Shares to Hit the Exchange Today!
Tata Motors is set to capture investors' attention as its subsidiary, Tata Technologies Ltd, enters the market with its much-anticipated IPO debut.
Read MorePost Title - Gandhar Oil IPO Hits Dalal Street Today! Anticipated 40% Premium Sparks Investor Excitement
Investors eagerly await the listing of Gandhar Oil Refinery Ltd IPO on November 30, 2023, amid strong market signals and a promising Grey Market Premium (GMP).
Read MorePost Title - Siemens Soars: 36% Surge in Net Profit Driven by Robust Revenues
Siemens Ltd marked a stellar performance in the July-September quarter, witnessing a remarkable 36% increase in net profit, soaring to Rs 534 crore compared to the previous year. This surge is attributed primarily to a substantial boost in revenues.
Read MorePost Title - Tech-Driven Tax Revolution Unleashes Streamlined Filing Processes
Embracing technology, tax-filing undergoes a paradigm shift with pre-filled forms and a simplified verification process. The new income-tax regime, featuring lower rates and fewer exemptions, adds to the ease of filing.
Read MorePost Title - S&P Global Upgrades India's Economic Outlook for FY24 Amidst Robust Momentum
S&P Global Ratings has revised India's Gross Domestic Product (GDP) growth forecast for the current fiscal year (FY24) upwards, citing a resilient domestic market that appears to counter challenges from elevated food inflation and sluggish exports.
Read MorePost Title - Tata Technologies IPO Sets Records with Overwhelming Demand
In a staggering display of investor enthusiasm, Tata Technologies IPO witnessed an astounding subscription rate, reaching over 69 times by the end of the final day of bidding on November 24.
Read MorePost Title - SEBI Unlocks Opportunities for Smaller REITs, Postpones Delisting Rule Changes
In a recent development, the Securities and Exchange Board of India (SEBI) has paved the way for smaller and medium-sized Real Estate Investment Trusts (REITs).
Read MorePost Title - Four Major IT Sector players - Persistent systems, Firstsource solutions and Eclerx Services, Zensar Technologies throw insights on their expected performances in coming months
Persistent Systems sees an improved demand environment, with no major ramp-downs in recent quarters. The company remains confident in its growth prospects, aiming for $2 billion in revenues and a 200bps EBIT margin expansion by FY27.
Read MorePost Title - Navigating Fiscal Interim: India's Economic Strategy in the Interim Budget
The Indian government is strategically positioning itself to become a premier investment destination among large developing economies. The NITI Aayog is actively exploring additional avenues in collaboration with various ministries to bolster this objective.
Read MorePost Title - Breaking Records: Tata Technologies IPO Oversubscribed in Minutes
In a remarkable turn of events, Tata Technologies' much-anticipated initial public offering (IPO) witnessed unprecedented success, being fully subscribed within minutes of its opening on Wednesday.
Read MorePost Title - Cipla Faces Setback as USFDA Issues Warning Letter
In a surprising turn of events, Cipla Ltd., the renowned Mumbai-based drugmaker, witnessed a significant downturn as its shares emerged as the top losers on the Nifty 50 index.
Read MorePost Title - Navigating Volatility: OPEC+ Meeting Delay Sparks Fluctuations in Oil Prices
In a session marked by volatility, oil prices experienced a nearly 1% decline on Wednesday. The unexpected twist came as OPEC+ producers decided to defer a crucial meeting on production cuts, injecting uncertainty into the global crude supply scenario.
Read MorePost Title - Revolutionizing Trade: India-Australia Partnership Surges to $27.8 Billion in a Decade
In a remarkable transformation, the trade dynamics between India and Australia have witnessed an extraordinary surge, reaching an impressive $27.8 billion from a modest $15.6 million a decade ago.
Read MorePost Title - Jio Financial Quashes Speculation on Bond Issuance Amidst Share Surge
In a twist of market speculation, Jio Financial Services Ltd (JFS), the demerged entity of Reliance Industries Ltd, has refuted reports of any plans to raise funds through bond issuance or any other means.
Read MorePost Title - India's Economic Outlook: Resilience Amidst Challenges in FY24
India is poised for a robust conclusion to FY24, marked by strong economic growth and macroeconomic stability, as outlined in the Finance Ministry's latest monthly economic review.
Read MorePost Title - Tata Investment Corporation's Share Price Soars Over 15%, Surpassing ?4,500 Mark Amidst Tata Technologies IPO Buzz
In an astonishing display of financial vigour, Tata Investment Corporation experiences a surge of over 15%, propelling its share price to an impressive ?4,521.90 on the BSE.
Read MorePost Title - BCL Industries: A Phenomenal Rise in Stocks and Financial Fortunes
In an impressive market feat, BCL Industries witnessed a remarkable surge of 9%, reaching an unprecedented high of Rs 59.40 during Friday's trading session. The surge adds to the stock's already impressive trajectory, securing a total market capitalization exceeding Rs 1,500 crore.
Read MorePost Title - Unlocking Value: RBI Reveals Price for Early Redemption of Sovereign Gold Bonds
In a recent announcement, the Reserve Bank of India (RBI) disclosed that the premature redemption price for Sovereign Gold Bonds (SGBs), set to mature on November 20, will be Rs 6,076 per unit.
Read MorePost Title - Eicher Motors Drives to New Heights: A November Rally Explained
Eicher Motors' shares are on a winning streak, marking an impressive 17% surge in November. With 8 out of 10 sessions closing in the green, the stock's standout performance includes a remarkable 6% rally in today's session.
Read MorePost Title - Crude Oil Faces Challenges as OPEC+ Leaders Prepare for Critical Meeting
The global oil market is in turmoil as crude oil experiences a fourth consecutive weekly loss, plunging into a bear market and raising concerns for OPEC+ leaders.
Read MorePost Title - UPI Hits Remarkable Milestone with 11 Billion Transactions in Two Months: RBI Bulletin Unveils Festive Surge
The Unified Payments Interface (UPI) achieves a historic feat by adding one billion transactions in just two months, reaching an impressive 11 billion, as revealed in the latest Reserve Bank monthly bulletin.
Read MorePost Title - Tech Surge Propels Indian Markets to Second Consecutive Rally on 16th Nov, Thursday
Equity indices Sensex and Nifty experienced a second day of upward momentum, fueled by substantial gains in IT, tech, and consumer durable shares.
Read MorePost Title - Decoding Wipro's Market Challenges: A Comprehensive Investor Guide
Wipro Ltd has encountered a substantial 40% decline in its shares over the past two years, prompting long-term investors to reassess their positions in the IT giant.
Read MorePost Title - Apollo Micro Systems Surges Over 100% in One Month: A Deep Dive into the Aerospace & Defence Triumph
Shares of Apollo Micro Systems (AMS) have skyrocketed, hitting a remarkable 104% surge in just one month, outpacing the S&P BSE Sensex. The private aerospace & defence company's ascent is attributed to robust earnings and a positive business outlook.
Read MorePost Title - Market Insights: Global Surge as US and Europe Rally on Soft Inflation Numbers
In a surprising turn of events, the US and European markets soared on the back of soft US inflation figures, igniting investor confidence in the possibility of an end to the era of interest rate hikes and potential declines in borrowing costs.
Read MorePost Title - Tata Technologies' Landmark IPO Marks Tata Group's Resurgence
In a historic move, Tata Technologies is set to open its initial public offering (IPO) for subscription on November 22, marking the first IPO from the prestigious Tata Group in nearly two decades.
Read MorePost Title - Rupee Resilience Amid RBI Support: Navigating a Week of Cautious Trading
In a holiday-truncated week, the Indian rupee demonstrated resilience, closing marginally unchanged as traders exercised caution amidst expectations of proactive measures by the central bank to stabilise local currency volatility.
Read MorePost Title - India's Retail Inflation Dips: October Records a 5-Month Low at 4.87%
India experienced a notable decline in headline retail inflation to 4.87% in October, marking a five-month low. The Ministry of Statistics and Programme Implementation's data attributes this drop to a favourable base effect and cooling prices of certain commodities.
Read MorePost Title - India's Direct Tax Collection Soars 17.6% to Rs 12.3 Trillion, Surpassing Projections
In a testament to robust economic performance, India's gross direct tax collection has surged by an impressive 17.6%, reaching Rs 12.3 trillion as reported by the Central Board of Direct Taxes (CBDT).
Read MorePost Title - Aurobindo Pharma Surges to New Heights on Robust Q2 Performance
Shares of Aurobindo Pharma soared to a fresh 52-week high, reaching Rs 1,015 in intra-day trading on Monday. Despite a weak market, the stock displayed resilience, trading with a 2% gain at Rs 999.
Read MorePost Title - Navigating India's Economic Landscape: RBI Governor Highlights Challenges and Strategies
As India grapples with potential food price shocks, Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), addressed the vulnerability of the nation's economy. In a recent speech delivered in Japan, Das emphasised the need for vigilant monetary policy to align inflation with the target while supporting growth.
Read MorePost Title - Unlocking Diwali Gifting: Tax Implications and Exemptions
Festive season delight is in the air as Diwali approaches, and with it comes the tradition of exchanging gifts among friends, relatives, and colleagues. But in the realm of taxation, these heartwarming gestures can carry various implications.
Read MorePost Title - Banco Products India Ltd Q2 FY2024 Financial Report: Steady Growth in Profits
Banco Products India Ltd has released its consolidated financial results for the period ending September 30, 2023. Let's delve into the numbers and see what this means for the company's financial health.
Read MorePost Title - JB Pharma Q2 FY2024 Report: Impressive 35% Surge in Net Profit
JB Chemicals and Pharmaceuticals, on November 7, unveiled their remarkable financial performance in the July-September quarter of the fiscal year 2023-2024. The pharmaceutical giant showcased a substantial 35% surge in consolidated net profit, reaching Rs 150.5 crore.
Read MorePost Title - Apollo Tyres Stock Soars with Remarkable Q2 Performance
Impressive Q2 earnings drive Apollo Tyres stock to new heights, outperforming expectations and reflecting a significant surge in consolidated net profit.
Read MorePost Title - Nykaa's Impressive Q2 Results: Net Profit Surges by 50%
Beauty and fashion retailer Nykaa, operated by FSN E-Commerce Ventures, has reported strong financial results for the second quarter of fiscal year 2023-24 (Q2FY24), with a notable increase in net profit and revenue.
Read MorePost Title - Oil Prices Surge on Extended Supply Cuts
Oil prices witnessed a sharp increase on Monday as Saudi Arabia and Russia jointly announced their commitment to extend voluntary supply cuts until the end of the year.
Read MorePost Title - Oil Prices Decline Amidst Eased Supply Concerns ; No Signs of Escalation in Israel-Hamas conflict
Oil prices saw a decline on Friday, marking a weekly loss due to reduced concerns about supply disruptions driven by Middle East tensions. Simultaneously, employment data has raised expectations that the US Federal Reserve may halt its interest rate hikes in the largest oil-consuming economy.
Read MorePost Title - MRF's Impressive Fivefold Profit Surge in Q2 2023
MRF, the Chennai-based tire manufacturer, witnessed a remarkable fivefold increase in its net profit for the September quarter of FY2024. This soaring profit is attributed to a boost in operating margins during the July-September period.
Read MorePost Title - Suzlon Energy's Strong Q2 Results and Order Book Sends Shares Soaring to a Nine-Year High
Shares of Suzlon Energy, the renewable energy company, hit a nine-year high of Rs 34.44, up 5%, on the BSE following the impressive Q2FY24 results.
Read MorePost Title - Zomato Reports Steady Growth in Q2FY24; Consolidated Net Profit of Rs 36 crore
Zomato, the leading online food delivery platform, announced its Q2FY24 results, showcasing a significant improvement in financial performance. The company reported a consolidated net profit of Rs 36 crore for the quarter, marking a significant turnaround from the net loss recorded in the same period last year.
Read MorePost Title - Tata Motors Reports Strong Q2 Results; DVRs Reach New High
Tata Motors, the Indian automotive giant, experienced a surge in its stock price following the release of its healthy Q2 results. The company's earnings before interest, tax, depreciation, and amortisation (EBITDA) saw a significant increase compared to the same period last year.
Read MorePost Title - Market Momentum Continues: Indices Surge and Key Events Unfold
Equity markets saw a second consecutive day of gains, driven by the belief that global central banks are nearing the end of their rate hike cycle.
Read MorePost Title - Fed Holds Steady, US Markets Soar, and Global Insights Unveiled
In the latest global market insights, the US central bank, the Federal Reserve, made a significant decision by keeping interest rates unchanged, maintaining them in the range of 5.25% to 5.5%. This pivotal move sent ripples across the financial world, and its impact was felt immediately.
Read MorePost Title - Record-Breaking October: GST Collections Soar by 13% to Reach Rs 1.72 Trillion
In a remarkable turn of events, India's Goods and Services Tax (GST) collections in October surged by an astounding 13%, reaching a staggering Rs 1.72 trillion. This surge can be attributed to stricter anti-evasion measures and the increased consumer spending during the festival season.
Read MorePost Title - Mufin Green Finance: A Multibagger NBFC Stock Soars 200% in a Year
Mufin Green Finance Ltd, a non-banking financial company (NBFC), has seen an extraordinary rise in its stock price, delivering impressive returns to its investors. Over the past year, this multibagger stock has surged by more than 200%, and its upward momentum continues.
Read MorePost Title - India's Festive Season Spending Surge Fuels Economic Growth
India is witnessing a remarkable surge in festive season spending, with consumers indulging in purchases ranging from cars and smartphones to televisions. This spending spree is playing a significant role in boosting the growth of one of the world's fastest-expanding economies.
Read MorePost Title - Global Market Insights: Central Bank Meetings, Stock Rally, and Economic Indicators
In recent developments, the global stock market has witnessed a significant upturn as it eagerly anticipates the central banks' forthcoming meetings. In this three-part insight, we will explore the market's resurgence, the strengthening yen, and the latest on crude oil prices.
Read MorePost Title - L&T Q2 2023 Results Preview: Robust Growth and Margins in Focus
Larsen & Toubro (L&T), the renowned engineering and construction conglomerate, is set to unveil its financial results for the July-September period (Q2 FY24) on October 31.
Read MorePost Title - FPI Positions Signal Ongoing Market Struggles
Amid the backdrop of a recent bounce following six days of relentless selling that wiped out a significant ?14 trillion in investor wealth, market watchers are taking note of the foreign portfolio investors' (FPIs) recent activity.
Read MorePost Title - Crucial Factors for Market Trends This Week
As the week unfolds, stock market analysts are keeping a close eye on several key factors that are set to influence market trends. The US Federal Reserve's interest rate decision, global cues, macroeconomic data releases, and quarterly earnings reports are at the forefront of market watchers' attention.
Read MorePost Title - Maruti Suzuki Achieves Record-Breaking Q2 Performance
In a spectacular performance for the second quarter of FY24, Maruti Suzuki India (MSIL) has reached new heights, breaking records in various aspects. The company's strategic efforts have led to a substantial 80.3% YoY jump in net profit to a staggering Rs 3,716.5 crore.
Read MorePost Title - Sensex and Nifty Snap 6-Day Losing Streak: Factors Driving the Market Rally
After a challenging six-day losing streak, the domestic equity market rebounded with significant gains. A surge of low-level buying across the board fueled a relief rally, with traders showing interest in beaten-down quality stocks.
Read MorePost Title - Reliance Industries Soars to New Heights in Q2FY24: A Comprehensive Analysis
In Q2FY24, Jio Platforms continued to be a shining star within Reliance Industries, contributing significantly to the company's growth. The segment witnessed a remarkable 10.7% YoY increase in consolidated revenue, reaching ?26,875 crore. Net profit surged by 12% YoY, amounting to ?5,297 crore.
Read MorePost Title - Oil Markets: Middle East Tensions and Rising US Crude Stockpiles Influence Prices
Oil prices displayed little movement on Thursday as they navigated through mixed factors, with attention on Middle East tensions and consideration of an increase in U.S. crude inventories.
Read MorePost Title - Jubilant Foodworks Reports Q2FY24 Financial Results: Net Profit Declines YoY, Revenue Increases by 5%
In its latest financial report for the second quarter of the current fiscal year (Q2FY24), Jubilant Foodworks Limited disclosed a consolidated net profit of Rs 97.202 crore. This figure reflects a 26.09% decrease compared to the corresponding quarter of the previous year when the net profit was Rs 131.53 crore.
Read MorePost Title - Govt introduces Streamlined Business Incorporation: The National Single Window System
In a significant development, the Ministry of Corporate Affairs has introduced a more efficient method for company incorporation, now accessible through the National Single Window System (NSWS).
Read MorePost Title - Global Stocks Rebound Amidst Positive Earnings
Global stocks showed signs of recovery on Tuesday, driven by positive corporate earnings that renewed investor confidence. Despite ongoing concerns about the situation in West Asia and the impending data release on US interest rates, the market exhibited a resurgence.
Read MorePost Title - A Week of Market Insights: Q2 Results, Global Factors, Geopolitical tensions, and IPO Action
The upcoming week is set to be a pivotal one for the financial markets. Investors will be closely monitoring various factors that have the potential to influence market direction. Let's delve into the key highlights and events that will shape the week ahead.
Read MorePost Title - Polycab India Grows Steadily, Eyes Early Achievement of ?20,000 Crore Revenue Target
Polycab India Ltd has witnessed a phenomenal journey in the past year, with its stock price nearly doubling. This remarkable ascent is attributed to the consistent growth in the company's earnings, bolstered by increasing demand.
Read MorePost Title - Paytm Reports Strong Q2 Results, Narrowing Losses and Surging Revenues
Indian digital payment giant, Paytm, has demonstrated its financial prowess by posting an operating profit for the fourth consecutive quarter. The robust financial performance is attributed to substantial growth in its financial services unit, where steady loan growth has played a pivotal role.
Read MorePost Title - Nestle India's Q3CY23 Performance: Strong Profit Growth and Stock Split
Nestle India has reported robust financial results for the third quarter of the current calendar year (Q3CY23), with a substantial increase in profits. In addition to this impressive performance, the company has also made significant announcements regarding dividends and a stock split.
Read MorePost Title - ITC's Q2 Results Showcase Robust Growth in Key Segments
In the world of corporate financials, ITC, a major player in the fast-moving consumer goods (FMCG) industry, has recently unveiled its results for the second quarter of fiscal year 2023- 24 (Q2FY24).
Read MorePost Title - Wipro's Q2 Report: Navigating Challenges and Charting a New Course for Growth
In the fast-paced world of information technology services, Wipro, a prominent player in the industry, recently shared its financial performance for the second quarter of the fiscal year 2023-24.
Read MorePost Title - Wipro's Q2 Earnings Outlook: Challenges and Opportunities
Wipro is set to release its Q2FY24 earnings amid challenging macroeconomic conditions. While the company may face a decline in revenue in constant currency (CC) terms, net profit is expected to see a year-on-year (YoY) increase.
Read MorePost Title - Oil Prices Surge Amidst Escalating Middle East Tensions Due to Gaza Hospital Bombing
The Middle East faces rising tensions following a tragic explosion at a Gaza hospital, just ahead of President Joe Biden's visit to the region. This incident has driven oil prices higher, with West Texas Intermediate surpassing $88 a barrel, after experiencing a fluctuation of over $2 on the previous day.
Read MorePost Title - HDFC Bank's Stellar Q2 Performance: 50% Surge in Net Profit
HDFC Bank, one of India's leading financial institutions, has unveiled a remarkable performance in its second-quarter results for the fiscal year 2023 (Q2FY24).
Read MorePost Title - Jio Financial Services Q2 Report: A Remarkable Surge in Profits
In an exciting turn of events, Jio Financial Services (JFS) has reported a substantial surge in its financial performance for the second quarter of the fiscal year 2023 (Q2FY24).
Read MorePost Title - MMTC: The Multibagger PSU Stock with Bright Prospects
The stock market has been buzzing with the remarkable performance of public sector undertaking (PSU) stocks, delivering substantial returns to investors. Among these, MMTC, a PSU stock, has been on a striking upward trajectory.
Read MorePost Title - CBDT Eases Angel Tax Scrutiny for Recognized Start-ups
In a significant move, the Central Board of Direct Taxes (CBDT) has issued directives aimed at streamlining the scrutiny process of funds raised by recognized start-ups under the new angel tax regime.
Read MorePost Title - Geopolitical Conflict Escalation Shakes Global Markets
The Israeli-Hamas conflict intensifies, raising concerns in financial markets. As the situation unfolds, investors fear wider geopolitical risks that could impact global economies and oil prices.
Read MorePost Title - Infosys Q2 Earnings Show Resilience Amidst Guidance Cuts
Infosys Ltd., a key player in the Indian IT services industry, recently announced its Q2 results, showcasing notable performance even as it adjusted its guidance downwards for the second time.
Read MorePost Title - Zomato Share Price Skyrockets to New 52-Week High: Experts Predict More Upside
Zomato's stock price has been on a remarkable upward trajectory, hitting a new 52-week high of ?109.15 apiece on the National Stock Exchange (NSE). This surge marks a significant turnaround for the new age business, and experts believe there may be further gains in store for investors.
Read MorePost Title - TCS Q2 FY24 Performance: Buyback Announcement and Growth Challenges
Tata Consultancy Services (TCS) has released its financial results for the second quarter of 2023-24, shedding light on the company's performance in a challenging environment. The announcement of a significant buyback and mixed financial figures hint at potential growth hurdles for the fiscal year.
Read MorePost Title - India's Direct Tax Collections Surge, Signaling Strong Fiscal Performance
Read MorePost Title - Oil Marketing Companies (OMCs) Set for Robust Q2 Earnings Amidst Global Challenges
The second quarter is expected to see a moderation in OMC earnings from the record highs achieved in the April-June quarter. The primary reason behind this is the sharp increase in international crude prices. Despite this, the Q2 results are expected to remain robust, supported by strong Gross Refinery Margins (GRMs) and significant inventory gains.
Read MorePost Title - September Retail Inflation Eases to 5.4%: Insights and Implications
In a significant shift, India's retail inflation is expected to have decreased to 5.4% in September, down from 6.8% in August. This encouraging trend can be attributed to a correction in vegetable prices, which had driven inflation higher in the previous months.
Read MorePost Title - Indian Stock Markets on Edge as Israel-Hamas Conflict Raises Concerns
The Israeli-Hamas conflict, which erupted over the weekend, is sending ripples through global stock markets, including India. While the situation does not warrant immediate panic, Indian stock indices are expected to open lower on Monday.
Read MorePost Title - Middle East Tensions Surge as Hamas Attacks Israel: Oil Prices Soar and Global Concerns Grow
Amidst the recent surprise attacks by Hamas on Israel, oil prices have witnessed a dramatic surge, rising over 4 percent. These attacks, the broadest and bloodiest in decades, have ignited concerns about escalating tensions in the already volatile Middle East, a region that accounts for nearly a third of the global oil supply.
Read MorePost Title - Valiant Labs Soars 22% on Debut, Reflecting Strong IPO Response
Valiant Laboratories, a commodity chemicals company, made a remarkable debut on the stock exchanges, with its shares surging 22% above the issue price.
Read MorePost Title - RBI Holds Repo Rate Steady at 6.5% in Fourth Consecutive Pause
The Reserve Bank of India's (RBI) monetary policy committee (MPC) announced its decision to maintain the repo rate at 6.5 percent for the fourth consecutive time.
Read MorePost Title - TCS Q2 Results Preview: Key Factors to Watch Out For
Tata Consultancy Services Ltd (TCS) is gearing up to announce its September quarter results on October 11. As the largest IT firm by revenues, analysts anticipate that TCS may outperform its peers, such as Infosys.
Read MorePost Title - RBI Likely to Maintain 6.5% Benchmark Rate Amidst Inflation Concerns
In the latest bi-monthly monetary policy review, experts anticipate that the Reserve Bank of India (RBI) will opt to retain the benchmark rate at 6.5%. This decision comes in light of growing concerns over inflation and various global factors that have influenced the economic landscape.
Read MorePost Title - Foreign Investors Continue to Exit Indian Equities
In the midst of shifting global economic factors, foreign institutional investors (FIIs) have maintained their selling momentum in the Indian stock market, despite a significant correction in crude oil prices to $85 per barrel.
Read MorePost Title - Crude Oil's Influence on RBI's Monetary Policy Decision
As we await the Reserve Bank of India (RBI) Governor Shaktikanta Das's announcement of the monetary policy decision on October 6, there is growing speculation about how high crude oil prices might sway the outcome.
Read MorePost Title - BCL Industries Announces Record Date for Exciting 1:10 Stock Split
In a move set to captivate investors, BCL Industries Limited has declared a record date for a highly anticipated stock split. The decision was reached during a recent board meeting, and the record date has been set for October 27, 2023.
Read MorePost Title - Nestle India Considers Stock Split and Second Interim Dividend for 2023
In an exciting turn of events, Nestle India, a renowned fast-moving consumer goods company, is gearing up for some significant decisions at its upcoming board meeting scheduled for Thursday, 19 October.
Read MorePost Title - Global Market Snapshot: Volatile Day on Wall Street Amidst Rising Rates
The global financial markets experienced a day of mixed fortunes, with a flat to negative performance in US markets, a surge in bond yields, and a stronger dollar. Here, we provide insights into the key developments and factors influencing these market dynamics.
Read MorePost Title - Anticipating the RBI's Monetary Policy Review: A Balanced Approach
The upcoming Monetary Policy Committee (MPC) meeting of the Reserve Bank of India (RBI) scheduled for October 4-6, 2023, has generated significant interest. In this article, we delve into the expectations surrounding the MPC's decision, examining key factors influencing their stance on policy rates.
Read MorePost Title - UltraTech Cement Records Impressive Growth in Q2FY24 Sales Volume
UltraTech Cement, a prominent player in the cement industry, has delivered outstanding performance in the second quarter of the fiscal year ending September 30, 2023. With significant growth in both domestic and overseas sales, the company is poised for continued success.
Read MorePost Title - RBI Extends Deadline for Exchanging Rs 2,000 Banknotes as 96% Return
In a pivotal move, the Reserve Bank of India (RBI) has decided to extend the deadline for exchanging or depositing Rs 2,000 banknotes. This development comes as 96% of these high-denomination notes have already found their way back into the banking system.
Read MorePost Title - Record-Breaking GST Collections Illuminate India's Economic Revival
In a resounding testament to India's economic resurgence, gross goods and services tax (GST) collections soared to unprecedented heights in September, surpassing the Rs 1.6 trillion mark for the fourth time in this fiscal year. This robust performance showcases India's resilience and growth prospects in a post-pandemic world.
Read MorePost Title - GIFT Nifty Achieves Record-Breaking Trading Activity
In a remarkable milestone, the GIFT Nifty index recently shattered records with an extraordinary single day of trading. This article explores this historic achievement, the significance of GIFT Nifty, and the growth of NSE IX, the international exchange where it's traded.
Read MorePost Title - Gravita India's Remarkable Growth Spurs 15% Surge in Stock
In a significant development, Gravita India Ltd, a constituent of the S&P BSE Smallcap index and with a noteworthy 2.15% shareholding by Ashish Kacholia, witnessed an impressive upswing of 15% in its stock value. This article delves into the company's recent performance and its promising future prospects.
Read MorePost Title - GST Inclusion for Petroleum Products Faces Uphill Battle Amid Fiscal Concerns
In a recent revelation, it appears that petroleum products are unlikely to join the realm of the Goods and Services Tax (GST) anytime soon. Two senior government officials, speaking anonymously, have cited significant fiscal implications as the main roadblock to this move.
Read MorePost Title - Delta Corp Faces Steep Decline After Tax Notice; Prominent Investor Sells Stake
The once-thriving shares of Delta Corp have plummeted by an alarming 23% in just two days. This dramatic decline was triggered by a substantial tax notice totaling Rs 16,822 crore, served to the company on Friday, September 22, 2023. As a result, the stock is now trading at its lowest level since December 2020.
Read MorePost Title - Countdown to Income Tax Audit Report Deadline: Calls for Deadline Extension Amidst High Demand
As the peak period for Income Tax Audit season unfolds, professionals such as Chartered Accountants, Tax Advocates, Tax Practitioners, and Accountants find themselves inundated with the task of filing Tax Audit Reports.
Read MorePost Title - RBI Expected to Maintain Interest Rates Amid Lingering Inflation Concerns
The Reserve Bank of India (RBI) is poised to keep its policy rates unchanged for the fourth consecutive time, in light of persistently high retail inflation and the US Federal Reserve's hawkish stance. The upcoming Monetary Policy Committee (MPC) meeting, led by RBI Governor, is scheduled for October 4-6, 2023.
Read MorePost Title - Delta Corp Faces Tax Challenge: Implications for Shareholders
Delta Corp, a prominent player in India's casino industry, is set to be in the limelight next week due to a substantial tax challenge it's currently facing. The company recently disclosed that it has received a notice regarding a significant shortfall tax amounting to a staggering ?1,11,39,61,03,423.
Read MorePost Title - Unlocking India's Economic Potential through Bond Market Inclusion
The inclusion of Indian government bonds in JP Morgan's emerging market debt index is poised to revolutionise India's financial landscape. Chief Economic Advisor V Anantha Nageswaran anticipates that this significant move will not only expand India's investor base but also potentially bolster the rupee, facilitating lending by Indian financial institutions.
Read MorePost Title - Stock Market Stumbles as Crude Oil Nears $100 - Investors Brace for Impact
Indian benchmark indices witnessed a notable single-day decline, the most significant in two months, as they slumped by over 1%. This decline was driven by substantial selling, particularly in HDFC Bank and other leading index components.
Read MorePost Title - India's Banking System Grapples with Mounting Liquidity Deficit
The Indian banking system is currently facing its most substantial liquidity deficit since January 2020, reaching nearly Rs 1.47 trillion. The Reserve Bank of India (RBI) has responded with sizable injections of funds, but doubts linger regarding their adequacy.
Read MorePost Title - Market Insights for the Week Ahead: Key Factors and Opportunities
As the week unfolds, investors and market enthusiasts are eagerly eyeing various factors that could shape the direction of financial markets. From central bank policies to IPO launches and oil prices, there's a lot on the horizon.
Read MorePost Title - India's Exports Decline in August; Trade Deficit Hits 10-Month High Amid Green Shoots of Optimism
In the latest economic update, India's merchandise exports faced a decline for the seventh consecutive month in August. Meanwhile, the trade deficit widened to a 10-month high, largely influenced by factors like higher crude oil prices and strong domestic demand.
Read MorePost Title - Indian Rupee Nears All-Time Low Amid Widening Trade Deficit
In a significant development, the Indian rupee has edged perilously close to an all-time closing low against the US dollar. Despite the Reserve Bank of India's (RBI) efforts to bolster the currency through dollar sales, investors have reacted to disheartening trade deficit data, which exceeded market expectations.
Read MorePost Title - Bajaj Holdings and Investment Announces Lucrative ?110 Dividend Per Share
In a recent development, Bajaj Holdings and Investment Ltd. made a significant announcement regarding an interim dividend of ?110 per share, equivalent to a generous 1,100 percent dividend, for the current financial year.
Read MorePost Title - Navigating the Finfluencer Challenge: Lessons from Global Regulators
In today's financial landscape, retail investors, particularly millennials and centennials, are increasingly drawn into meme trading, fueled by self-proclaimed financial experts on social media. This trend involves driving up stock prices of companies, often lacking fundamental support, through social media chatter.
Read MorePost Title - L&T's Shares Surge to New Heights with Buyback Price Boost
L&T's shares opened strong at ?2,954.05 per share on the BSE, creating a buzz among investors on a sunny Tuesday morning. The stock saw a remarkable 3.6% surge, hitting a fresh 52-week high, thanks to a significant announcement.
Read MorePost Title - India's Retail Inflation Eases in August, But Concerns Linger
In a recent development, India's retail inflation for the month of August showed signs of moderation, primarily attributed to a decline in food prices. However, it remained above the upper limit of the central bank's target range for the second consecutive month.
Read MorePost Title - Oil Prices Surge to Near 10-Month High as OPEC Remains Optimistic on Demand
In a surprising turn of events, oil prices experienced a significant 2% surge, propelling them to levels not seen in almost 10 months. This upward momentum is attributed to a more favourable supply outlook and OPEC's unwavering confidence in the resilience of energy demand within major economies.
Read MorePost Title - Nifty Surges Past 20,000: A Resilient Indian Market Amid Global Uncertainties
In a historic milestone, India's Nifty 50 index breached the 20,000-mark on September 11, marking a significant moment in the country's financial history. Despite global concerns and subdued international signals, both domestic and foreign investors have poured funds into the Indian stock market.
Read MorePost Title - G20 Summit 2023: Transforming Taxation and Accountability in the Digital Age
The G20 Summit held in New Delhi recently addressed a myriad of critical global issues, including digital infrastructure, gender equality, and financial sector reforms. However, the focus on tax reforms and the crypto industry grabbed the world's attention.
Read MorePost Title - India's Industrial Renaissance: Fueling Equity Market Growth
India's industrial sector is undergoing a remarkable transformation, spurred by government initiatives and changing economic dynamics. This resurgence is not only revitalising the industrial landscape but also propelling the equity markets to new heights
Read MorePost Title - Nazara Technologies Secures INR 410 Crore Investment from SBI Mutual Fund to Boost Expansion
Nazara Technologies, a diversified gaming and sports media company in India, has announced a significant financial move. On September 7, the company received board approval to raise INR 410 crore from SBI Mutual Fund, India's largest asset management company.
Read MorePost Title - Small-Cap Surge in India's Stock Market Sparks Concern Amid Economic Uncertainty
India's stock market has witnessed a remarkable $775 billion surge in market valuation over just five months. This rally, however, has been accompanied by a notable shift in investor preference towards smaller stocks. While this trend reflects optimism in India's economic recovery, it also raises concerns of overheating in the small and mid-cap segments.
Read MorePost Title - PSUs IRFC and MMTC Soar 50% in Three Days Amidst Heavy Trading Volumes
In a remarkable surge, the shares of two public sector undertakings (PSUs), Indian Railway Finance Corporation (IRFC) and MMTC, have skyrocketed by up to 20 percent on the BSE during Tuesday's intra-day trade. This extraordinary ascent comes on the back of heavy trading volumes and marks a 50 percent surge within the past three trading days.
Read MorePost Title - Russia's Oil Price to India Hits Record Low in July Amid Global Tensions
In a surprising turn of events, the average price of Russian oil delivered to Indian ports in July plummeted to its lowest point since Moscow's invasion of Ukraine in February of the previous year. This development, gleaned from Indian government data, has significant implications for India's oil imports and global geopolitics.
Read MorePost Title - Market Outlook: Factors Shaping the Week Ahead
After five consecutive weeks of losses, the Indian stock market staged a remarkable comeback, registering its most substantial single-day gain in two months. The Sensex surged by approximately 556 points on the first day of September, marking its best single- day performance in two months.
Read MorePost Title - Market Turmoil: Top Companies Lose Billions in Valuation
In a tumultuous week for the stock market, the combined market valuation of seven out of the top ten valued firms saw a staggering erosion of Rs 62,279.74 crore. This downturn had a significant impact on some of India's corporate giants, with Reliance Industries taking the biggest hit.
Read MorePost Title - India's GST Collection Surges 11% to Reach Rs 1.59 Trillion
India's Goods and Services Tax (GST) collection for August has seen an impressive 11% increase, reaching a substantial Rs 1.59 trillion. This growth can be attributed to enhanced compliance and anti-evasion measures put in place. In this article, we delve into the factors contributing to this uptick in GST revenue and the implications for the Indian economy.
Read MorePost Title - Genus Power Seizes Rs 2,247 Crore Order Surge, Riding High on Smart Metering Demand
Genus Power, a leading player in India's electricity metering solutions industry, has locked in a 5% upper circuit on the stock exchange, driven by a significant win in contract orders valued at Rs 2,247.4 crore. This remarkable achievement has elevated the company's total order book to approximately Rs 11,000 crore.
Read MorePost Title - India Achieves Remarkable Milestone: UPI Transactions Surpass 10 Billion in August 2023
In a groundbreaking achievement, India's Unified Payment Interface (UPI) has achieved a significant milestone by recording over 10 billion transactions in a single month. The month of August 2023 witnessed this historic feat, marking a substantial leap in the adoption of the instant payment system.
Read MorePost Title - India's Economy Shows Resilience: Q1 GDP Grows at 7.8%, Fiscal Deficit Widens, Infrastructure Sectors Surge
India's economy displayed remarkable resilience in the first quarter of the ongoing fiscal year (April-June 2023), as the Gross Domestic Product (GDP) surged by 7.8%. This acceleration, revealed by data from the Ministry of Statistics and Programme Implementation, outpaced the 6.1% growth witnessed in the previous financial year's fourth quarter.
Read MorePost Title - US Stock Market Rallies as Job Openings Drop, Easing Rate Hike Concerns
The US stock market saw a significant surge on Tuesday, with technology companies leading the way, following a decline in job openings. This shift in the job market has ignited hopes among investors of a potential pause in the US Federal Reserve's interest rate hikes.
Read MorePost Title - Faster Income Tax Refunds Ahead: Government Aims to Slash Processing Time
In a move aimed at benefiting taxpayers, the income tax department is gearing up to significantly reduce the processing time for tax refunds. Reports suggest that the department plans to trim the current 16-day waiting period to a mere 10 days, enhancing the efficiency of the refund process.
Read MorePost Title - Reliance Industries' AGM 2023 Unveils Mixed Market Response
The eagerly anticipated Reliance Industries' 46th Annual General Meeting (AGM) took place on August 28, 2023, and brought about a mixed response from the market. Despite high expectations, the shares of Reliance Industries (RIL) faced a dip of 1.11%, closing at Rs 2,442.55 per share on the Bombay Stock Exchange (BSE)
Read MorePost Title - Market Recap: 5 Game-Changing Events Over the Weekend
The markets are buzzing with significant shifts that unfolded over the weekend, paving the way for a dynamic trading week ahead. From global cues to strategic moves in China, here's what you need to know. China's Market Support Measures, US Fed's Stand on Rates, China's Strategic Market Moves, Evergrande Group's Financial Update, Indian Market Outlook.
Read MorePost Title - Jio Financial Services Share Exclusion from Indices Delayed to August 31
In a recent development, the exclusion of Jio Financial Services (JFSL) shares from prominent indices, including the Sensex, has been pushed to August 31. This decision follows JFSL's shares hitting the lower circuit limits for two consecutive days, prompting this extension.
Read MorePost Title - Finance and Corporate Affairs Ministries Aim for Process Simplification and National Engagement
Union Minister Nirmala Sitharaman has urged the Ministries of Finance and Corporate Affairs to streamline processes and adopt a holistic approach to maximize their impact on national development. Speaking at the Chintan Shivir event, she emphasized the need for policy alignment with cultural values and instilling a strong sense of decision-making ownership for improved effectiveness.
Read MorePost Title - Adani Group's Record Quarterly Profits Fail to Prevent Market Cap Slide
The juxtaposition of Adani Group's record-breaking quarterly profit and the subsequent market capitalization decline showcases the complexity of financial markets. Despite achieving exceptional financial results and strategically planning for growth, external factors and investor sentiments have led to a notable decrease in market value.
Read MorePost Title - BSE Postpones Removal of Jio Financial Services from S&P BSE Indices Amidst Lower Circuit Slump
In a strategic move, the Bombay Stock Exchange (BSE) has decided to delay the removal of Jio Financial Services Ltd (JFSL) from all S&P BSE Indices. The announcement comes as a response to the recent dip in JFSL's stock value, which triggered the imposition of lower circuit limits for two consecutive days.
Read MorePost Title - BHEL Shares Skyrocket 12% to Reach New 52-Week High Following ?4,000 Crore Order Win
Bharat Heavy Electricals Ltd (BHEL) experienced a remarkable uptick of 12% in its share price, propelling it to achieve a new peak for the year. This substantial surge was triggered by a lucrative order worth ?4,000 crore secured from Mahan Energen Ltd, a subsidiary of Adani Power.
Read MorePost Title - Jio Financial's Market Debut: Shares Slide 5% on Opening
In a closely-watched market debut, shares of Jio Financial Services, a spin-off from Reliance Industries owned by Mukesh Ambani, faced a 5% drop, hitting their lower circuit limit. The stock concluded its first session at Rs 248.9 on the NSE, well below the initial price of Rs 261.85.
Read MorePost Title - Foreign Investors Continue Selling: ?1,901 Crore Offloaded Amid Global Uncertainties
Foreign investors continued their selling spree as positive global cues impacted Indian markets positively on Monday. While FIIs maintained their selling trend, DIIs became net buyers. The performance of individual stocks and sectors, along with global market movements, shaped the day's market dynamics.
Read MorePost Title - Boost to Employee Savings: CBDT Introduces New Rules for Valuing Rent-Free Accommodation
The Central Board of Direct Taxes (CBDT) recently notified amendments to the Income Tax Rules, ushering in changes that will enable employees with substantial salaries and employer-provided rent-free housing to enjoy greater savings and an increased take-home pay.
Read MorePost Title - New Tax Regime Gains Popularity: Over 55 Million Taxpayers May Opt for It
The adoption of the new tax regime has surged, with an estimated 55 million taxpayers expected to choose this system for the current financial year, based on preliminary figures provided by the revenue department. This change primarily appeals to individuals with a taxable income of up to Rs 7 lakh, according to a senior government official.
Read MorePost Title - India's Resilient Economy Faces Fiscal and Political Challenges, says Moody's
Moody's recognizes India's impressive economic growth potential and resilience but raises concerns regarding its high debt burden, constraints on political dissent, and potential for populist policies. While India's economic prowess is expected to continue, addressing the fiscal and political challenges will be crucial for sustained growth and stability.
Read MorePost Title - Adani Group Stocks Surge as TAQA Considers Major Investment in India's Power Sector
The soaring performance of Adani Group stocks amidst a challenging market environment has been fueled by the prospects of a significant investment by Abu Dhabi National Energy PJSC (TAQA). With TAQA's keen interest and potential alliance with Adani Energy Solutions, the Indian power sector appears poised for further expansion.
Read MorePost Title - Banco Products (India) Ltd: Revving Up to New Heights with Striking Q1 FY24 Performance
Banco Products (India) Ltd, a prominent name in the auto ancillary sector, has witnessed a remarkable upswing in its stock price, surging by an impressive 19% and achieving a 52- week high. This extraordinary surge is attributed to the company's robust Q1 FY24 earnings report, which has garnered substantial attention from investors and analysts alike.
Read MorePost Title - Zen Technologies Soars to New Heights in 2023 with Explosive Growth in Defence Sector
In an astounding surge, Zen Technologies, an aerospace and defence company, has witnessed a remarkable 372% increase in its stock price throughout 2023, surpassing the 7% rise in the S&P BSE Sensex. This meteoric rise has been driven by a potent combination of robust financial results, a strong order book, and a promising outlook for the defence industry.
Read MorePost Title - Global Market Update: Economic Concerns Ripple Through Markets
Recent developments have brought a wave of uncertainty to global markets as concerns over economic data and financial stability reverberate across the world. The latest reports highlight the challenges faced by various economies, including the US, China, and India, raising questions about the trajectory of global equity markets.
Read MorePost Title - Prime Minister Modi Unveils Comprehensive Strategy to Combat Rising Inflation and Propel India's Development
Prime Minister Modi's address underscores a comprehensive strategy aimed at addressing the challenge of inflation while fostering India's development. His commitment to reducing the burden of inflation, enhancing national character, and prioritising unity and development is poised to guide India toward a promising future on the global stage.
Read MorePost Title - Top Market Insights for the Holiday Week Ahead: Inflation and Global Trends Take Center Stage
As we gear up for a holiday-shortened trading week, market analysts are keeping a keen eye on various factors that are likely to steer equity market movement. Inflation data, foreign fund trading, and global trends are expected to be the key drivers shaping the market dynamics.
Read MorePost Title - FPIs Find Haven in Indian Equities Amid Global Uncertainty and China Concerns
Foreign Portfolio Investors (FPIs) have chosen the stability of Indian equities amidst global market uncertainty and economic worries centred around China. In the first eleven days of August, FPIs have made a net investment of Rs 3,272 crore in Indian equities, reversing a temporary withdrawal seen in the first week of the month.
Read MorePost Title - Adani Ports Auditor's Resignation Amplifies Concerns Amidst Ongoing Controversy
The auditing firm responsible for billionaire Gautam Adani's ports business, Deloitte Haskins & Sells LLP, is reportedly planning to step down from its role.The impending resignation and the ongoing controversies surrounding the conglomerate's accounting quality have raised significant questions about its governance.
Read MorePost Title - RBI's Monetary Policy Stance Unchanged, Focus on Inflation Control Amidst Global Uncertainties
In a crucial decision, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) announced on August 10, 2023, that it would maintain the policy repo rate at 6.50%. This move is part of the RBI's strategy to balance inflation control with economic growth while keeping an eye on global uncertainties.
Read MorePost Title - HCLTech Clinches $2.1 Billion Deal with Verizon, Reinvigorating Growth Prospects
HCLTech's secured deal with Verizon comes at a crucial juncture, aligning with its efforts to expand its order book and drive sequential growth. This strategic move underscores the company's commitment to its 6-8% CC revenue growth guidance for the year.
Read MorePost Title - LIC Reports Staggering 14x Profit Surge in Q1: Investment Gains Propel Earnings
Life Insurance Corporation of India (LIC) has astounded the market with a remarkable 14- fold increase in net profit for the first quarter of the fiscal year 2023-24 (Q1FY24). The net profit soared to an impressive Rs 9,543.71 crore, compared to the previous year's Q1 profit of Rs 4,831.65 crore. This exponential growth can be attributed to a substantial surge in investment income, which has significantly bolstered LIC's financial performance.
Read MorePost Title - Tasty Bite Eatables: A Flavorful Journey of 173% Net Profit Surge and Multibagger Returns
In a thrilling market spectacle, Tasty Bite Eatables, a leading consumer food company, witnessed its shares skyrocket by an impressive 20% to reach the upper circuit. This remarkable surge propelled the stock to establish a new zenith, soaring to a 52-week high of ?17,300.80 per share.
Read MorePost Title - Global Market Volatility and Influencing Factors: A Comprehensive Overview
In recent trading sessions, the global financial landscape experienced notable volatility. The renowned US S&P 500 index concluded the day close to session lows, while the Nasdaq 100 exhibited a substantial drop of over 1%. The S&P500 recorded a decline of 0.70%, Nasdaq plummeted by 1.17%, Dow Jones fell by 0.54%, and the Russell 2000 decreased by 0.85%.
Read MorePost Title - Unveiling the Spotlight: Income Tax Notices for Moonlighters
In a recent development, the Income Tax Department has initiated a drive to send notices to individuals who have earned supplementary income alongside their primary salary, but have neglected to declare this amount while filing their income tax returns (ITRs).
Read MorePost Title - Adani Ports Achieves Remarkable 80% Surge in Q1FY24 Net Profit
In a compelling display of financial prowess, Adani Ports and Special Economic Zone Limited (APSEZ) has unveiled its Q1FY24 consolidated results, showcasing an astounding 80% rise in net profit. The figures reveal a consolidated net profit of Rs 2,119.38 crore during the April-June quarter, a surge attributed to a significant upswing in income.
Read MorePost Title - SEBI's Ambitious Reform Agenda Aims for Transparent and Secure Markets
The Securities and Exchange Board of India (SEBI) has unveiled its comprehensive reform roadmap for the ongoing financial year. This ambitious agenda encompasses critical areas such as digital assurance for financial statements, accessible e-voting, risk mitigation in derivatives, innovative pricing discovery for delisting, and augmented disclosures for unlisted companies within conglomerates.
Read MorePost Title - Soaring Food Prices Projected to Drive July Inflation to 6.7%
Economists from a prominent foreign bank have highlighted a significant surge in food prices as they anticipate a substantial increase in retail inflation for July. Their forecast suggests that the inflation rate could rise by a considerable 190 basis points to reach 6.7% compared to the previous month.
Read MorePost Title - Paytm's Spectacular Growth: Shares Soar, User Base Surges, and Loan Distribution Booms
Paytm, the leading fintech giant, has been experiencing remarkable growth in various aspects of its business. Its shares have surged significantly, witnessing a remarkable 49% year-to-date increase and an impressive 18% rise in the last three months. The company's success is attributed to strong operating performance and continuous improvements in its services.
Read MorePost Title - Sovereign Gold Bonds Outshine Stock Market Returns Over Eight Years
Sovereign Gold Bonds (SGBs) have proven to be a highly successful investment avenue, offering impressive returns comparable to the stock markets. As the first tranche of bonds issued eight years ago approaches maturity on 30 November this year, SGB holders are set to earn handsome returns, making it an attractive investment option.
Read MorePost Title - Britannia Reports Robust Q1 Results With 35% Net Profit Growth, Despite Missing Estimates
Britannia Industries Ltd, a leading player in the FMCG sector, announced its Q1FY24 results, showcasing impressive growth in net profit despite missing analyst estimates. The company reported a consolidated net profit of Rs 455.45 crore, marking a substantial 35% increase compared to the same quarter last year.
Read MorePost Title - Zomato Achieves Profitability Milestone, Stock Surges 14% in a Bullish Market
Zomato's achievement of turning profitable for the first time has ignited a bullish market sentiment, propelling the stock to an 18-month high. The company's strong all-round performance and promising growth prospects in the food delivery and quick commerce verticals have instilled confidence in investors and analysts alike.
Read MorePost Title - India Defers Laptop and PC Import Restrictions to Boost Domestic Manufacturing
The Directorate General of Foreign Trade (DGFT) in a late-night decision on Friday announced the postponement of import restrictions on laptops, tablets, and personal computers until November 1, 2023. The move comes as the government aims to promote domestic manufacturing and address security concerns.
Read MorePost Title - Record-Breaking Surge in Income Tax Filings Signals Expanding Tax Base
The income tax department has witnessed an unprecedented surge in income tax returns (ITRs) filed during the assessment year 2023-24, reaching an all-time high of over 67.7 million filings. This remarkable figure represents a significant 16% increase compared to the previous assessment year's filings of 58.3 million.
Read MorePost Title - Fitch Downgrades US Credit Rating as Market Volatility Looms: A Global-Market Overview
Fitch Ratings has recently downgraded the credit rating of the United States from AAA to AA+. The downgrade was announced post-market, with the US 10-year bond yield surging above 4%. This move has significant implications for the global financial landscape.
Read MorePost Title - Ensure Timely ITR Verification to Avoid Penalties - New Rules Effective from Aug 1
The Income Tax Department has implemented crucial changes in the Income Tax Return (ITR) verification process, reducing the time limit for verification and imposing penalties for non-compliance. Stay informed about the new rules to secure your tax filing and avoid unnecessary hassles.
Read MorePost Title - Indian Government Implements Significant Windfall Tax Hike on Petroleum Products
The Indian government has taken a bold step to address the surging crude oil prices by implementing a substantial windfall tax hike on petroleum products, effective from August 1. This move aims to regulate profits garnered by crude oil producers and align domestic prices with global market dynamics.
Read MorePost Title - NTPC Shines in Q1 FY24: Robust Net Profit Growth, Coal Production Surges 52% YoY
NTPC, the state-owned power utility, has delivered an impressive performance in the first quarter of fiscal 2023-24 (Q1FY24). The company's consolidated net profit surged by 23% to reach ?4,907 crore, showcasing its resilience amid challenging market conditions.
Read MorePost Title - India 2047: A Journey Towards Development Through the Four 'I's
India's Path to Development: Finance Minister Nirmala Sitharaman recently outlined the government's strategic focus on four crucial aspects to transform India into a developed nation by 2047. The four 'Is' - infrastructure, investment, innovation, and inclusiveness - form the cornerstone of this transformative vision.
Read MorePost Title - Market Sentiment Swings as Govt Bonds Slip and Rupee Strengthens Post Fed Decision
The aftermath of the US Federal Reserve's decision has stirred up the Indian financial landscape. Government bonds experienced a reversal from initial gains, with the yield on the benchmark 10-year bond settling at 7.12 per cent.
Read MorePost Title - Global Markets React to Strong US GDP and ECB Rate Hike, Japan's Yield Curve Control in Focus
In the dynamic world of global markets, recent events have sparked significant reactions. Stronger-than-expected US GDP, an ECB rate hike, and talks of Japan's yield curve control have sent shockwaves through equity markets. Investors are keeping a close eye on developments as major indices experience fluctuations.
Read MorePost Title - ITC Share Price Continues to Tumble Following Hotel Business Demerger
The share price of ITC, one of India's leading conglomerates, experienced a second consecutive day of decline after the company's official announcement regarding the demerger of its hotel business. The market reaction to this news has been negative, with investors expressing concern over the implications of the demerger on the company's overall value.
Read MorePost Title - EPFO Announces Increased Interest Rate for 2023-24, Witnessing Surge in New Members
Alongside this positive development, the EPFO has also seen a surge in new members, signalling a growing interest in securing social security benefits. Let's delve into the details of these updates and how they impact the future of retirement funds.
Read MorePost Title - Infosys Slashes FY24 Revenue Guidance Amidst Macroeconomic Challenges
In the face of a challenging macro environment and delays in deal closures, Infosys, India's renowned software exporter, has revised its FY24 revenue growth guidance to a conservative 1-3.5% in constant currency, down from the previously projected 4-7%.
Read MorePost Title - ITC Surpasses Rs 6 Trillion Market Cap Milestone Amid Rising FPI Interest
ITC, the diversified conglomerate spanning cigarettes to hotels, has achieved a significant milestone by crossing the coveted Rs 6 trillion market valuation mark. Bolstered by a surge in foreign portfolio investors (FPIs) interest, the company's stock price soared to a lifetime high of Rs 485.15 on the BSE.
Read MorePost Title - Global Coal Price Slump Impacts Coal India Shares
In a significant development, global coal prices have been experiencing a sharp decline in 2023, plummeting from $400 per tonne in January to a two-year low of $130 per tonne in July. As a result, Coal India, a prominent player in the coal industry, has witnessed a drop in its share prices.
Read MorePost Title - Global Oil Prices Surge as China Vows Economic Support and Russia Tightens Supply
The surge in global oil prices can be attributed to a combination of factors. China's commitment to stimulating economic growth, Russia's decision to tighten supply, and declining U.S. crude oil inventories have all played a crucial role in driving market optimism.
Read MorePost Title - Infosys Surges 4% After Signing a $2 Billion 5-Year AI Deal
In a significant development, Infosys, one of India's leading IT companies, witnessed a 4% surge in its share price on the BSE. The boost came after the firm announced a groundbreaking agreement with one of its strategic clients. The deal aims to provide cutting- edge AI and automation-led services for development, modernization, and maintenance over the next five years, with an estimated client spend of $2 billion.
Read MorePost Title - Global Market Insights: Equities Consolidate as Banks Beat Earnings Expectations and Oil Prices Surge
In this edition of Global Market Insights, we delve into the latest developments in the global equities market, Asian market trends, US bank earnings, and the rise in crude oil prices. Despite a stellar week, global equities are currently in a consolidation phase.
Read MorePost Title - Income Tax Exemption Extended: Government Provides Relief for Individuals Earning up to ?7.27 Lakh and Boosts MSME Sector
The government's recent initiatives, including income tax exemption for individuals earning up to ?7.27 lakh per annum and the boost to the MSME sector, demonstrate its commitment to supporting the middle class and promoting economic growth.
Read MorePost Title - India Reimposes Windfall Tax on Petroleum Crude Amid Rising Global Oil Prices
The Indian government has taken a significant step by reintroducing the windfall tax on petroleum crude, effective from 15th July. This decision comes after a two-month gap, as stated in a recent notification issued by the Union Finance Ministry. With the aim of addressing the impact of rising global oil prices, the tax increase is expected to generate revenue and stabilise the market.
Read MorePost Title - Wipro Reports Strong Q1 Results with Impressive Profit Growth
Wipro's Q1FY24 results showcase a robust financial performance, characterised by substantial profit growth, steady margins, and impressive earnings per share. The company's ability to secure large deals, attract new clients, and adapt to changing market dynamics is commendable.
Read MorePost Title - Impact of 28% GST Rate on Online Gaming: Nazara Tech Shares Show Resilience, While Delta Corp Stock Plummets
The imposition of a 28% GST rate on online gaming in India has had varying impacts on companies in the sector. While Nazara Tech shares showed resilience due to their limited exposure to the tax rate, Delta Corp's stock plummeted significantly, reflecting its heavy reliance on gaming and casinos.
Read MorePost Title - TCS Q1FY24 Results: Net Profit Up 16.8% YoY, Revenue Reaches Rs 59,381 Crore
Tata Consultancy Services (TCS) has announced its financial results for the first quarter of the fiscal year 2023-24. The IT giant reported a strong performance, with a significant increase in net consolidated profit and revenue. This article provides an overview of TCS's Q1FY24 results, highlighting key financial figures and insights from company executives.
Read MorePost Title - TCS Q1FY24 Earnings Preview: Revenue Growth Expected to Be Muted as Project Delays Impact, EBIT Margin May Contract
TCS is expected to face challenges in the first quarter of FY24, reflecting the broader performance of the IT sector. Project delays and cancellations, along with wage hikes, are likely to impact revenue growth and margin contraction. The company's ability to navigate the uncertain demand environment and its strategic response to macro uncertainties will play a crucial role in shaping its performance moving forward.
Read MorePost Title - GST Council Approves 28% Tax Rate on Online Gaming, Casinos, and Horse Racing; Lowers Tax on Cinema Food and Beverages
The decisions taken by the GST Council regarding taxation on online gaming, casinos, horse racing, cinema food and beverages, and the definition of SUVs showcase the government's efforts to bring about tax reforms and streamline the GST framework.
Read MorePost Title - Foxconn Withdraws from Semiconductor Joint Venture with Vedanta Ltd, Impacts India's Electronics Industry
Foxconn's withdrawal from the semiconductor joint venture with Vedanta Ltd deals a blow to India's ambitions of becoming a major player in the electronics industry. The project faced multiple hurdles, including partnership deadlock and regulatory penalties.
Read MorePost Title - Income Tax Department Implements Initiatives for Ease of Compliance, Urges Taxpayers to Verify Refunds
The Income Tax Department has introduced multiple initiatives to ensure ease of compliance for taxpayers and promote voluntary adherence to tax regulations. During a press conference on the issue of suspicious refunds, officials highlighted instances where taxpayers claimed high refunds, ranging from 75% to 90% of the Tax Deducted at Source (TDS) deducted by employers.
Read MorePost Title - GST Council Proposes Stricter Rules on Input Tax Credit (ITC) Claims
The GST Council is considering revolutionary changes to tackle discrepancies in input tax credit (ITC) claims. Under the new rules, businesses may be required to provide explanations for excessive ITC claims or deposit the excess amount with the exchequer. The proposal aims to enhance transparency and curb fraudulent practices in GST filings.
Read MorePost Title - Indian IT Sector Faces Muted Q1 Performance amid Persistent Macroeconomic Challenges
The Indian IT services industry is likely to witness a muted Q1 performance due to wage hikes, margin pressure, macroeconomic challenges, and project delays. Recovery is anticipated to be gradual and may not occur until FY25. The sector's future growth will depend on factors such as demand trends, deal intake, pricing environment, and the ability to navigate macro uncertainties.
Read MorePost Title - Titan Company Achieves Remarkable Q1FY24 Growth, Outperforms Market with 25% Rise in 2023
Titan Company, a leading consumer business conglomerate, has reported impressive revenue growth of 20% YoY during the April-June quarter (Q1FY24). Despite a subdued market, the company's shares soared 3% to a new high of Rs 3,205.45. With a 25% rise in 2023, Titan has outperformed the benchmark index's 7.5% growth.
Read MorePost Title - Government Strengthens Anti-Money Laundering Measures by Including GST Network under PMLA
In a significant move, the Indian government has brought the Goods and Services Tax Network (GSTN) under the purview of the Prevention of Money Laundering Act (PMLA). This decision allows for the sharing of information stored on GSTN under the PMLA Act, enabling stricter actions against tax evasion and document manipulation.
Read MorePost Title - CBIC Chairman Vivek Johri Suggests Global Models to Bring Fuel Under GST in India
Vivek Johri, Chairman of the Central Board of Indirect Taxes & Customs (CBIC), has proposed that India can include fuel products like petrol and diesel in the Goods and Services Tax (GST) regime by following international models. He suggests splitting the tax burden into two parts, with states retaining a share of the revenues.
Read MorePost Title - IdeaForge Technology Makes a Remarkable Debut, Doubling Investors' Wealth
Drone manufacturer IdeaForge Technology had an impressive entry into the stock market, with its shares listing at a significant premium over the issue price. The company's stock price doubled, reaching an intra-day high, resulting in substantial gains for investors.
Read MorePost Title - Genus Power Infrastructures: Stock Soars by Nearly 100% in 6 Weeks, Securing Major Deals in the Smart Metering Space
Genus Power Infrastructures (Genus), a smallcap company, has experienced an impressive surge in its stock price, climbing nearly 100% over a span of just six weeks. This remarkable growth can be attributed to the company's recent signing of definitive agreements with Gem View Investment, an affiliate of GIC, Singapore.
Read MorePost Title - OPEC Remains Optimistic about Oil Demand Outlook for Next Year, Anticipates Modest Slowdown
OPEC maintains a positive outlook on oil demand growth for the upcoming year, expecting a modest slowdown compared to the unusually high rates experienced during the recovery from the COVID-19 pandemic. While OPEC's forecast for 2024 is anticipated to be lower than this year's growth, it is still expected to surpass the annual average of the past decade, excluding pandemic years.
Read MorePost Title - India's Market Capitalization Surpasses Rs 300 Trillion, Becomes Fourth-Largest Equity Market
India's stock market has reached a significant milestone as the combined market capitalization (m-cap) of all companies listed on the Bombay Stock Exchange (BSE) crossed Rs 300 trillion. This achievement solidifies India's position as the world's fourth-largest equity market, excluding Hong Kong.
Read MorePost Title - Anticipated Discussions and Reforms at the 50th GST Council Meeting on July 11
The 50th GST Council meeting is scheduled to take place on July 11 at Vigyan Bhawan, New Delhi. Led by Finance Minister Nirmala Sitharaman, the council will convene to address several crucial matters, including combating tax evasion and fraud, reviewing the GoM report on online gaming, and establishing GST Appellate Tribunals.
Read MorePost Title - India's Unemployment Rate Exceeds 8% as Rural Labor Market Remains Weak
India's unemployment rate has surpassed 8% for the third time this year, primarily driven by seasonal joblessness in rural areas. The latest data from the Centre for Monitoring Indian Economy Pvt. reveals that the unemployment rate increased to 8.45% in June, up from 7.68% in the previous month.
Read MorePost Title - CBIC Aims to Combat GST Fraud with Biometric Authentication and Tighter Return Filing
The Central Board of Indirect Taxes and Customs (CBIC) in India is taking decisive action to address the issue of fraudulent entities misusing the Goods and Services Tax (GST) system. CBIC chief Vivek Johri has announced plans for biometric authentication and geo-tagging to curb GST fraud.
Read MorePost Title - Oil Prices Face Pressure Amid Global Economic Concerns
Oil prices experienced a decline in early Asian trade, driven by growing fears of a global economic slowdown and the potential for further interest rate hikes by the U.S. Federal Reserve. These factors offset expectations of tighter supplies resulting from OPEC+ production cuts.
Read MorePost Title - IdeaForge Technology IPO Receives Record Subscriptions and Expects Strong Listing Gains
IdeaForge Technology has made history as the first initial public offering (IPO) to receive over 100 subscriptions. The IPO, which closed on June 30, 2023, garnered impressive subscription numbers across all categories. The retail category was subscribed 85.20 times, the QIB category 125.81 times, and the NII category 80.58 times.
Read MorePost Title - HDFC Bank and HDFC Merger Approved: Financial Services Conglomerate Formed
The merger between HDFC Bank and HDFC Ltd. has been approved, marking a significant milestone in the financial sector. With an effective date of July 1, the merger is set to reshape the industry landscape. On July 13, the record date will be established. This announcement comes shortly after the retirement of Deepak Parekh, Chairman of HDFC.
Read MorePost Title - Asian Stocks Retreat as Rate Hike Concerns Mount, Yen Vulnerable
Asian stocks experienced a slight decline on Friday following robust economic data from the United States, which reinforced expectations of a prolonged period of higher interest rates by the Federal Reserve. Concurrently, the Japanese yen crossed a psychologically significant level, prompting concerns of potential intervention.
Read MorePost Title - Relief for Tour Operators as Government Defers TCS Hike on Overseas Packages
In a welcome move, the Indian Association of Tour Operators (IATO), the apex body representing more than 1,700 tour operators in the country, expressed gratitude to the government for deferring the hike in Tax Collection at Source (TCS) on overseas tour packages until September 30, 2023.
Read MorePost Title - Food Inflation Surges: Tomato Prices to Remain High for Another 20-25 Days, say FPOs
Tomato prices have witnessed a significant surge in recent weeks, rising from Rs 10 to 15 per kilogram to Rs 80 to 120 per kilogram at retail rates. Farmer Producer Organisations (FPOs) have cautioned that consumers can expect these high prices to persist for the next 20 to 25 days, until the arrival of fresh tomato harvest in the markets.
Read MorePost Title - NSE Reverses Decision to Shift Nifty Bank F&O Expiry to Friday
The National Stock Exchange (NSE) has decided to withdraw its plan to shift the expiry of Nifty Bank derivative contracts from Thursday to Friday, aligning with the Bombay Stock Exchange's (BSE) request. The initial decision by NSE was made in response to BSE's move to shift the expiry of Sensex and Bankex derivative contracts to Friday.
Read MorePost Title - TCS Denies 'Bribes-for-Jobs' Scandal, Calls Allegations Incorrect- Company sacks 4 officials from RMG division
Tata Consultancy Services (TCS), India's leading IT firm, has vehemently denied allegations of fraud in its recruitment process following reports of a 'bribes-for-jobs scandal.' TCS addressed the accusations, asserting that they had thoroughly investigated the complaint and found no evidence of fraud or financial impact.
Read MorePost Title - Economic Slowdown in US and Europe to Impact Indian MSMEs; Working Capital Requirements on the Rise
The micro, small, and medium enterprises (MSMEs) in India, which account for 40% of the country's exports, are anticipated to face challenges due to the impending economic slowdown in advanced nations, particularly the United States and Eurozone. These regions contribute significantly to India's overall export market, making up one-third of its exports.
Read MorePost Title - Taxpayers Face Challenges with Annual Information Statement as Important Details are Missing
The recently introduced Annual Information Statement (AIS) by the Central Board of Direct Taxes (CBDT) is causing headaches for taxpayers due to crucial omissions. Although the AIS is intended to replace Form 26AS and provide a more comprehensive overview of an individual's tax-related information, it fails to include important details such as taxes paid.
Read MorePost Title - L&T Tech and BSNL Collaborate for Private 5G Networks in India
L&T Technology Services Ltd (LTTS) has entered into a strategic partnership with Bharat Sanchar Nigam Ltd (BSNL) to deploy private 5G networks for enterprises in India. This collaboration marks LTTS' foray into the private 5G landscape, leveraging BSNL's spectrum and network infrastructure while offering comprehensive solutions to enterprises.
Read MorePost Title - Adani Group Faces US Regulatory Scrutiny, Shares Witness Decline
Shares of Adani Group companies have experienced a decline of up to 6% following reports of regulatory scrutiny in the United States. The US Attorney's Office in Brooklyn, New York, has initiated inquiries into the conglomerate after a scathing report from a short seller.
Read MorePost Title - Dr Reddy's Laboratories Expands Presence with Trade Generics Business Launch
Dr Reddy's Laboratories, a leading pharmaceutical company, has made a significant move by entering the trade generics business in India. With the launch of its dedicated division, 'RGenX,' the company aims to provide a broader range of affordable products to patients across the country.
Read MorePost Title - Accenture Falls Short of Revenue Expectations, Full-Year Growth at 8-9%
Global IT giant Accenture has reported its third-quarter earnings, with revenue reaching $16.6 billion, representing a 3% increase in US dollars and 5% in local currency compared to the same period last year. However, the company's fourth-quarter revenue forecast of $15.75 billion to $16.35 billion falls below Wall Street's estimates.
Read MorePost Title - Ministry of Corporate Affairs Extends Deadline for Reporting Outstanding Receipts through form DPT 3
The Ministry of Corporate Affairs (MCA) in India has granted businesses an additional month to report their outstanding receipts without incurring any additional fees. The extension comes as the MCA21 compliance portal undergoes a transition. This article explores the details of the deadline extension and its implications for companies in India.
Read MorePost Title - Global Market Analysis: Powell's Comments on Interest Rate Hikes Impact Indian Stock Market
Federal Reserve Chair Jerome Powell's statements regarding higher interest rates to combat inflation have influenced global markets. This article provides an analysis of the impact on the Indian stock market and highlights key market movements in Asia, the US, Europe, and the energy sector.
Read MorePost Title - Monsoon Delay Raises Concerns about Agro-economic growth, but Experts Predict Revival and Decreasing Shortfall
The onset of the southwest monsoon has been weaker than expected, causing delays in sowing kharif crops. While this is a cause for concern, experts believe that the situation does not warrant panic. Meteorologists and industry professionals are optimistic about a revival of monsoon rains in the coming weeks.
Read MorePost Title - Adani Enterprises: Strong Recovery and Impressive Returns Amidst Hindenburg Controversy
Adani Enterprises, a prominent company in the Adani group, has showcased remarkable resilience in the face of adversity. Following the release of the Hindenburg Research report, which raised concerns about the debt position of Adani group companies, Adani Enterprises' shares experienced a significant decline.
Read MorePost Title - Elon Musk Assures India of Tesla's Imminent Arrival, Plans Visit in 2024
Elon Musk, the CEO of Tesla, has expressed his optimism about the company's expansion into the Indian market after a fruitful meeting with Prime Minister Narendra Modi. The meeting, which took place at Lotte New York Palace in New York, was described by Musk as excellent and resulted in a positive conversation regarding Tesla's plans for India.
Read MorePost Title - Signs of Strengthening US-China Relations Fuel Mixed Trading in US and Asian Indices
The trading landscape for US and Asian indices presents a mixed picture as improved relations between the United States and China come into focus. After enjoying a six-session streak, US markets experienced a downturn on Friday. The Dow declined by 109 points, the S&P 500 by 16 points, and the Nasdaq by 100 points.
Read MorePost Title - Centre's Direct Tax Collection Surges 11% to ?3.8 Lakh Crore in FY24
The Centre's direct tax collection for the fiscal year 2023-24 has witnessed a significant increase, rising by 11% to reach ?3.8 lakh crore. This surge in tax collections reflects positive economic activity and revenue generation. However, it is essential to examine the allocation of taxing rights and consider whether they accurately represent economic activities and value creation in market jurisdictions.
Read MorePost Title - ITC Surges to New High, Approaches Rs 6 Trillion Market Cap Milestone
ITC, a diversified fast-moving consumer goods (FMCG) company, achieved a significant milestone as its shares reached a new high and its market capitalization approached the Rs 6 trillion mark. The company's strong performance has outpaced the market for eight consecutive months, reflecting investors' confidence in its growth prospects.
Read MorePost Title - TCS Shares Dip and Market Cap Slides by Rs 15,000 Crore as Transamerica Deal Terminates
Tata Consultancy Services (TCS), the second most-valued stock on Dalal Street, experienced a decline of over 1 percent in its shares on Friday following the announcement of the termination of a deal with Transamerica Life Insurance. This development, mutually agreed upon due to the current macroeconomic environment, raised concerns about the IT sector's demand.
Read MorePost Title - India's Exports Witness Contraction for Fourth Consecutive Month; Trade Deficit Widens
India's merchandise exports faced a challenging period in May as external demand remained subdued, leading to a contraction for the fourth consecutive month. Simultaneously, imports also experienced a decline for the fifth month in a row, resulting in a widening trade deficit.
Read MorePost Title - Market Insights: Tech Stocks Surge, Asian Markets Mixed
In the ever-evolving global market, tech stocks took centre stage as Microsoft shares reached record highs, buoyed by the growing excitement around artificial intelligence (AI) advancements. While US stocks soared, Asian markets displayed a mixed response ahead of the Bank of Japan's rate decision.
Read MorePost Title - Asian Markets Mixed as Fed Keeps Rates Steady, Eyes on China Data and ECB Meeting
Asian markets experienced a mixed trading session following the decision by the US Federal Reserve to leave benchmark interest rates unchanged. While the Fed signalled the possibility of two more rate hikes in 2023, investors turned their attention to key economic data from China and the upcoming European Central Bank (ECB) meeting.
Read MorePost Title - Key Triggers for Indian Stock Market: SGX Nifty and Inflation to IIP Data
Asian markets experienced positive momentum on Tuesday, buoyed by the anticipation of US inflation data and the upcoming Federal Reserve policy meeting. Additionally, favourable domestic macroeconomic indicators have contributed to an optimistic outlook for the Indian stock market. Let's delve into the details and explore the key factors driving market sentiment.
Read MorePost Title - MRF Stock Price Surpasses Rs 1 Lakh Mark, Defying Analyst Predictions
MRF, India's leading tyre manufacturer, achieved a significant milestone on June 13 as its stock price crossed the long-awaited Rs 1 lakh mark. Despite concerns from analysts about its high valuations, the company's stock has witnessed remarkable growth, rallying over 45 percent in the past year and gaining 81 percent from its low point in March 2020. This article explores the factors contributing to MRF's success and the contrasting opinions among analysts.
Read MorePost Title - Retail Inflation Eases to 4.25% in May; April Industrial Production Shows Positive Growth
India's consumer price index (CPI)-based inflation for May decreased to 4.25%, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI). This marks a decline from April's inflation rate of 4.7%. Additionally, food inflation also saw a decrease, settling at 2.91% in May compared to 3.84% in April.
Read MorePost Title - Bullish Optimism and Market Insights: Fed Pause Anticipated, Oil Prices Slide, and Apple's Milestone
The global market is buzzing with optimism as the latest Consumer Price Index (CPI) data in the United States has fueled expectations of a pause in the Federal Reserve's rate hike. This positive sentiment has propelled the US markets into a bull market, with the Nasdaq and S&P 500 reaching their highest levels since April 2022.
Read MorePost Title - RoCs Taking Disciplinary Action Against Non-Compliant Companies for Governance Lapses
Registrars of Companies (RoCs) in India are cracking down on companies that fail to fulfil mandatory disclosure requirements and hold a minimum number of board meetings per year. Regulatory orders reveal that RoCs have taken enforcement action against several companies, highlighting their focus on ensuring compliance with governance and disclosure obligations.
Read MorePost Title - Global Market Insights: Fed Meeting, Inflation Data, and Interest Rate Expectations
The global market is abuzz with anticipation as investors prepare for the Federal Reserve's policy meeting and the release of crucial inflation data. Traders are eager to assess the central bank's potential decision on interest rates and its implications for the market.
Read MorePost Title - Zomato Stock Skyrockets to a 52-Week High, Surging Over 50% in Two Months
Zomato, the leading food delivery platform, has experienced a remarkable surge in its stock price, reaching a 52-week high. This article delves into the recent developments, factors driving the growth, and provides an overview of Zomato's financial performance.
Read MorePost Title - El Nino Arrives, Signalling Worldwide Weather Turmoil and Impacts on Indian Monsoon and Economy
El Nino, the powerful weather phenomenon known for its global impact, has made its presence felt once again. This article explores the recent developments, potential consequences, and specifically focuses on the implications for the Indian Monsoon and the economy.
Read MorePost Title - RBI Maintains Repo Rate at 6.5% in Second Consecutive Pause, Focusing on Inflation Control
The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5% for the second consecutive monetary policy meeting. This move provides relief to borrowers, including those with home loans, vehicle loans, and other retail loans, as it prevents an increase in equated monthly instalments (EMIs).
Read MorePost Title - Crude Oil Prices Experience Volatility Amid US-Iran Nuclear Deal Speculation
Crude oil prices faced fluctuations following media reports suggesting progress in US-Iran talks regarding the Islamic Republic's nuclear program. Although regional media reports hinted at a potential agreement, US officials denied the claims. This development impacted West Texas Intermediate (WTI) crude oil prices, initially causing a sharp decline before partially recovering.
Read MorePost Title - Cabinet Approves ₹89,047 Crore Revival Package for BSNL to Acquire 4G and 5G Spectrum
The Cabinet Committee on Economic Affairs has granted approval for a third revival package worth ?89,047 crore to Bharat Sanchar Nigam Limited (BSNL), a state-run telecommunications carrier. This significant funding will enable BSNL to acquire 4G and 5G airwaves from the government, paving the way for the launch of 4G services in the coming months and 5G services by 2024 across India.
Read MorePost Title - Suzlon Energy Surges to Over 5-Year High, Achieving 20 GW Wind Energy Milestone
Suzlon Energy, India's largest renewable energy solutions provider, experienced a remarkable surge in its stock price, soaring 18% to reach a five-year high of Rs 14.39 in heavy trading volumes. This surge brings the stock to its highest level since February 2018, amidst positive market sentiment.
Read MorePost Title - World Bank Lowers India's GDP Growth Forecast for FY 2023/24 to 6.3% Amid Inflation and Borrowing Costs
The World Bank has revised down its GDP growth forecast for India in the fiscal year 2023/24 to 6.3% due to high inflation and rising borrowing costs. However, the report highlights unexpected resilience in private consumption, investment, and robust growth in the services sector as factors supporting an upward revision to growth in 2023.
Read MorePost Title - Crude Oil Prices Slide as Economic Worries Diminish Impact of Saudi Arabia's Output Cut
Crude oil prices witnessed a sharp decline, losing over $1 per barrel, as concerns surrounding global economic growth overshadowed Saudi Arabia's commitment to deeper output cuts. Despite the world's leading exporter's announcement of reducing production by 1 million barrels per day (bpd) in July, factors such as weaker demand, increased non-OPEC supply, potential recessions, and slower growth in major economies have cast doubt on the sustainability of a significant price increase.
Read MorePost Title - Delayed Monsoon Threatens Kharif Agriculture Season and Economic Impact
The onset of the monsoon in Kerala is set to be delayed this year, missing the expected date of June 4th, which typically marks the beginning of the rainy season. The Indian Meteorological Department (IMD) predicts that the monsoon may arrive in Kerala on June 7th, 2023, as a low-pressure area (LPA) forms in the Southeast Arabian Sea.
Read MorePost Title - Market Analysis: Uncertainty Looms as Global Indicators Signal Mixed Opening
Global markets are showing signs of a mixed opening as investors grapple with the decision of whether to book profits in the US markets. The S&P 500 index experienced a decline near its worst levels, down 0.40% from session highs, leaving market participants uncertain about the future direction.
Read MorePost Title - RBI Expected to Maintain Interest Rate Pause as Inflation Declines, Experts Say
As inflation continues to decline, experts anticipate that the Reserve Bank of India (RBI) will maintain its policy repo rate at 6.5% during its upcoming June 8 announcement. The easing of retail inflation in April and the potential for further decline indicate the effectiveness of previous policy rate actions.
Read MorePost Title - US Markets Rally on Tech Shares Surge, OPEC + Announces 1 Million bpd Oil Supply Cut
Global markets are witnessing a bullish trend as US markets rallied on the back of a surge in tech shares. The positive momentum in the US markets is expected to influence both US and Asian futures. Furthermore, the S&P 500 has broken out to a 10-month high, indicating a strong market performance.
Read MorePost Title - RBI's MPC Meeting: A Status Quo Likely as Inflation Concerns Persist
With the upcoming Monetary Policy Committee (MPC) meeting of the Reserve Bank of India (RBI), analysts and experts believe that the central bank will maintain its pause on rate hikes. Despite India's retail inflation rate slowing to an 18-month low of 4.7% in April, the RBI remains cautious due to persistent inflation risks.
Read MorePost Title - Hardwyn India Stock Surges 20% Ahead of Bonus Issue and Stock Split on June 5
Hardwyn India, a leading architectural hardware and glass fittings producer, witnessed a strong surge in its stock price as investors flocked to buy before the ex-date for its bonus issue and stock splits on June 5th. The small-cap stock has experienced remarkable gains, with triple-digit percentage growth over the past year.
Read MorePost Title - Asian Markets Surge on Expectations of Fed Rate Pause, US Debt Deal Progress
Asian markets experienced a notable upswing following a rally on Wall Street. Growing optimism that the US Federal Reserve will halt its interest rate hikes in June has contributed to the positive sentiment. Additionally, progress in the US government's debt ceiling bill has further boosted investor confidence.
Read MorePost Title - UPI Sets New Milestone with 9 Billion Transactions Worth ?14 Lakh Crore in May
India's Unified Payments Interface (UPI) achieved a remarkable milestone in May, recording 9 billion transactions, according to the National Payments Corporation of India (NPCI). The UPI, which accounted for 75% of retail digital transactions in the country during the 2022-23 period, continues to demonstrate significant growth.
Read MorePost Title - Global Markets in Flux: Debt Deal Progress and Concerns Over China's Slowdown
Global markets experienced significant volatility on Wednesday, with Europe, the US, Asia, and even Gulf markets plunging into the red. While progress was made on the US debt deal, other pressing issues continue to haunt the markets. This article explores the recent developments and their potential impact on the global economy.
Read MorePost Title - Adani Group's Bold Revival Strategy: $3.5 Billion Equity Share Sale in Three Companies
Billionaire Gautam Adani's conglomerate is planning a remarkable comeback by raising approximately $3 billion through an equity share sale to institutional investors. This strategic move comes after the group faced a challenging period following a critical report by a US short seller.
Read MorePost Title - India's Q4 GDP Data Expected to Reflect Strong Growth Amidst Sector Variations
The National Statistics Office (NSO) is set to release India's GDP data for the quarter ended in March and for the fiscal year 2022-23. Anticipation is high as experts predict robust growth driven by factors such as agricultural prospects and domestic consumption.
Read MorePost Title - IRCTC Reports Strong Q4 Profit Growth and Declares 100% Dividend for FY 2022-23
Indian Railway Catering and Tourism Corporation (IRCTC) has announced its financial results for the fourth quarter of FY 2022-23, revealing a significant rise in profit. The company's board has recommended a dividend of Rs 2 per equity share, translating to 100% of the face value.
Read MorePost Title - Russia Emerges as Dominant Supplier of Crude Oil to India, Displacing Traditional Sources
In the Annual Report FY23 released by the Reserve Bank of India (RBI), it was revealed that Russia's share in India's crude oil imports surged to 19.1% in FY23, a significant increase from 2% in the previous year. Indian refiners gained access to larger volumes of Russian crude oil at highly discounted prices, leading to a substantial rise in overall crude oil imports.
Read MorePost Title - India's Economy Shows Signs of Resilience in Q1, Faces Uncertainty Ahead
India's economic growth in the January-March quarter is expected to gain momentum, with a projected expansion of 5% compared to the previous quarter's 4.4%. The forthcoming data release indicates that steady urban demand and government spending have contributed to this positive trend. However, concerns about a potential global slowdown and other challenges loom on the horizon.
Read MorePost Title - IT Sector Faces Profit Slump, Impacting Hiring and Paychecks in India
The information technology (IT) sector, which experienced a remarkable boom worldwide, including in India, following the 2020 pandemic-triggered shift to cloud-based platforms and remote work, is now grappling with challenges. While the sector initially thrived with increased demand and profitability, recent trends indicate a slowdown, leading to a decline in hiring, stagnation in profits, and limited salary hikes for IT professionals.
Read MorePost Title - Global Market Update: US Debt Ceiling Agreement Reached, Positive Impact Expected on Indian Markets
In a significant development, the United States has reached a debt ceiling agreement, aimed at avoiding a default. President Biden announced the deal, highlighting the need for congressional approval. The agreement involves a reduction in non-defense expenditures until 2025, indicating a commitment to addressing the country's fiscal challenges.
Read MorePost Title - Sun Pharma Reports Impressive Q4 Results, Surpasses Estimates with Net Profit of Rs 1,984 Crore
Sun Pharmaceutical Industries, a leading pharmaceutical company, has announced its financial results for the fourth quarter, ending in March. The company's net profit of Rs 1,984.5 crore has exceeded the estimated figure of Rs 1,808.1 crore, according to a poll.
Read MorePost Title - Angel Tax Exemption for Start-up Investments: CBDT Notifies 21 Nations, Excluding Key Players
India's Finance Ministry has taken a significant step by notifying a list of twenty-one nations whose investments in Indian start-ups will be exempted from Angel Tax. This move aims to promote foreign investment in the country's start-up ecosystem.
Read MorePost Title - Global Markets Turmoil: Germany Enters Recession, Indian Markets Impacted, and Tech Rally Amidst Debt Ceiling Concerns
The global market is experiencing a period of turmoil as Germany, Europe's largest economy, enters a recession, further complicating economic dynamics. Meanwhile, Indian markets face the impact of this development, along with concerns over the debt ceiling. Amidst these challenges, the tech sector sees a notable rally, offering a glimmer of hope.
Read MorePost Title - RBI Governor Shaktikanta Das Stresses Vigilance in Continued Battle against Inflation
In a recent address at the Confederation of Indian Industry Annual Session 2023, Reserve Bank of India (RBI) Governor Shaktikanta Das emphasised the ongoing fight against inflation in India. While acknowledging the recent moderation in inflation, Das urged against complacency, highlighting the need to remain alert and monitor the impact of El Nino.
Read MorePost Title - LIC Reports Astonishing 447.5% Growth in Q4 Consolidated PAT, Declares Dividend
Life Insurance Corporation of India (LIC), the largest life insurer in India, has delivered impressive financial results for the fourth quarter of FY23. With a remarkable 447.5% growth in consolidated Profit After Tax (PAT), LIC's performance exceeded expectations. The company has also announced a final dividend for the fiscal year 2022-23.
Read MorePost Title - Oil Prices Surge as US Supplies Tighten and OPEC Considers Output Cuts
Oil prices experienced a significant surge as US oil and fuel supplies tightened, accompanied by speculation of potential output cuts by OPEC. The warning issued by the Saudi energy minister to speculators further fueled expectations of production reductions.
Read MorePost Title - Market Turmoil Amidst Economic Uncertainty: Tech and Luxury Sectors Lead the Decline; Indian Markets End Marginally Higher amid Profit Booking
Global financial markets faced a tumultuous session, characterised by significant downturns in the Technology and Luxury sectors. The S&P 500 registered its worst performance since May 2, reflecting growing concerns over economic stability. Additionally, uncertainties surrounding US debt ceiling negotiations added to market volatility.
Read MorePost Title - TCS Secures $1.83 Billion BSNL Contract, Boosting India's 4G Services Expansion
Tata Consultancy Services (TCS), a leading Indian IT services provider, has emerged victorious as part of a consortium in receiving a substantial contract worth over 150 billion rupees ($1.83 billion) from Bharat Sanchar Nigam Ltd (BSNL), a state-run telecom company in India.
Read MorePost Title - Debt Ceiling Concerns and Market Volatility Dominate Global Economic Landscape
The global financial markets experienced a turbulent period as the meeting between McCarthy and President Biden failed to yield a resolution to the impending debt ceiling issue. Meanwhile, the S&P 500 exhibited a mixed performance, the Nasdaq advanced in the tech sector, and short-term Treasury yields rose.
Read MorePost Title - ITC Shares Slip 4% Following Q4 Results, Analysts Maintain Bullish Stance
ITC, a leading Indian conglomerate, witnessed a 4% decline in its share price over the past two trading days following the announcement of its Q4 results. Despite the dip, analysts remain optimistic about the stock's future performance.
Read MorePost Title - Global Market Volatility: Debt Limit Talks and Inflation Concerns Weigh on Investor Sentiment
Global markets experienced a downward trend as major indices closed lower, triggered by uncertainties surrounding US debt limit talks. Additionally, concerns over inflation persisted despite reassurances from Federal Reserve Chair Jerome Powell.
Read MorePost Title - Federal Reserve Chair Jerome Powell Signals Pause in Interest-Rate Increases, Citing Tighter Credit Conditions
In a notable statement, Federal Reserve Chair Jerome Powell indicated a strong inclination towards pausing interest-rate increases next month. Powell emphasised that the current policy stance is restrictive, and uncertainties remain regarding the lagged effects of previous tightening measures and the extent of credit tightening resulting from recent banking stresses.
Read MorePost Title - Zomato Targets Profitability as Consolidated Loss Narrows in Q4
Food delivery platform Zomato has reported a significant narrowing of its consolidated net loss for the quarter ended March, reaching ?188.2 crore. This improvement comes as the company's overall revenue surged by 70%. Zomato now aims to achieve positive adjusted EBITDA and net profit on a consolidated basis, including the operations of BlinkIt, within the next four quarters.
Read MorePost Title - Tata Elxsi Reports Impressive Q4FY23 Results with 26% Rise in Net Profit, Declares Dividend
Tata Elxsi Ltd has announced its financial results for the fourth quarter of FY23, showcasing a remarkable 26% year-on-year increase in net profit, reaching ?201.5 crore. The company's strong performance highlights its consistent growth and market resilience. Additionally, Tata Elxsi has declared a dividend, further bolstering investor confidence.
Read MorePost Title - Global Market Insights: Hopes for Debt Ceiling Agreement and Rate Pause Drive US Market, S&P 500 Reaches 9-Month High
The US market is fueled by hope as investors eagerly anticipate a debt ceiling agreement and a potential pause in interest rate hikes. Positive market sentiment is reflected in the S&P 500, which has extended its gains to close at a nine-month high of 4198, marking a 0.94% increase.
Read MorePost Title - Tata Motors Achieves Milestone: Second Company to Cross Rs 1 Lakh Crore Revenue Mark
Tata Motors, a prominent automobile company, has made a significant achievement by becoming the second company, after Reliance Industries, to surpass the milestone of Rs 1 lakh crore in revenue. With its highest-ever quarterly revenue of Rs 1.06 lakh crore, Tata Motors has demonstrated robust performance driven by strong demand in India and improved supplies from its luxury car unit, Jaguar Land Rover (JLR).
Read MorePost Title - Indian Stock Indices Decline for Second Consecutive Day as Global Market Concerns Persist
The benchmark stock indices, Sensex and Nifty, experienced a decline for the second day in a row on Wednesday, primarily driven by intense selling in IT, banking, and tech stocks. This downward trend in the Indian market was influenced by a mixed trend in global equities, leading to cautiousness among domestic investors.
Read MorePost Title - Indian Oil Corp Reports Strong Profit Growth, Ends Five Quarters of Decline
Indian Oil Corporation Ltd (IOCL) has announced its financial results for the fourth quarter of FY23, revealing a significant surge in consolidated net profit. The company's profit rose by 52% year-on-year, marking the first increase in five quarters.
Read MorePost Title - Debt-Ceiling Concerns Trigger Market Volatility in the US; impact markets worldwide
The US financial markets experienced a significant downturn during the final 30 minutes of trading, fueled by growing concerns over the government's ability to address the impending debt-ceiling issue and avoid an unprecedented default.
Read MorePost Title - Lithium Reserves in Rajasthan Boost India's Electric Vehicle Industry
In a significant development for India's electric vehicle (EV) industry, new lithium reserves have been discovered in Rajasthan, following a previous find in Jammu and Kashmir. The Rajasthan reserves, reported to be larger than those in Jammu and Kashmir, have the potential to meet approximately 80% of India's lithium demand.
Read MorePost Title - Indian Share Market Poised for Positive Start as Nifty and Sensex Close with Gains
The Indian equity benchmarks, Nifty50 and Sensex, concluded Monday's trading session with a half-percent increase, reaching 18,398 and 62,345 points, respectively. Several sectors, including realty, FMCG, and banking, experienced notable gains, contributing to the overall market upswing
Read MorePost Title - DMart Reports Strong Revenue Growth, but Declining Margins Impact Share Performance as Consumer spending declines
DMart shares closed 11.04% lower at ?1,395.75 apiece on the BSE, reflecting a significant drop in share value. The benchmark Sensex also experienced a decline of 0.43%, closing the day at 35,853.56 points.
Read MorePost Title - Strong Earning Season Drives Foreign Portfolio Investors (FPIs) to Invest Rs 23,152 Crore in May
Foreign investors have displayed significant interest in Indian equities during May, with investments exceeding Rs 23,152 crore in the first half of the month. This surge in investment can be attributed to several factors, including the expectation of no further rate hikes by the US Federal Reserve, a positive domestic macro outlook, and a successful earning season.
Read MorePost Title - India's Factory Output Growth Slows to 5-Month Low of 1.1% in March
India's factory output growth slowed to a five-month low of 1.1% in March 2023, down from 5.8% in February 2023. This is the lowest growth rate since October 2022. The slowdown in manufacturing growth was mainly due to slowing global demand and inventory glut.
Read MorePost Title - Global Market Volatility Amidst Rising Concerns: Job Claims, Political Standoff, and Inflation
The global market witnessed a fourth consecutive day of losses, with the Dow Jones Industrial Average closing more than 200 points lower. Alongside this decline, the S&P 500 experienced a 0.17% drop, ending the day at 4,131. Several factors contributed to these setbacks, including growing worries about economic growth, a surge in job claims, and a political standoff concerning the US debt ceiling.
Read MorePost Title - Eicher Motors Reports Strong Q4 Results, Bets on Festive Season, New Launches to Prop Up Sales
Eicher Motors, the parent company of Royal Enfield motorcycles, reported strong financial results for the quarter ended March 2023. The company's net profit grew by 48% to Rs 906 crore, while its revenue from operations increased by 19.1% to Rs 3,804 crore.
Read MorePost Title - Vedanta Reports Decline in Q4 Profits, Announces Dividend; Focuses on Renewable Energy and Expansion
Vedanta, led by Anil Agarwal, released its Q4FY23 results, showcasing a significant decline in profits. Despite this, the mining major remains committed to its growth plans, with a focus on renewable energy initiatives and expanding its operations.
Read MorePost Title - Dr. Reddy's Lab Reports Staggering 10-Fold Increase in Q4FY23 Net Profit and Announces 800% Dividend for Shareholders
Dr. Reddy's Lab, a leading pharmaceutical company, has released its Q4FY23 results, showcasing a remarkable surge in net profit and revenue compared to the previous year. However, the performance witnessed a decline on a quarter-on-quarter basis.
Read MorePost Title - US Consumer Inflation Eases in April, Paving the Way for a Pause in Rate Hike
In April, consumer inflation in the United States experienced a notable slowdown, providing the ideal opportunity for a temporary halt in the rate hike. The Consumer Price Index (CPI) rose by 4.9% YoY, marking the first reading below 5% in the past two years.
Read MorePost Title - Nazara Technologies Reports Strong Q4 Results with 65% Revenue Growth
Nazara Technologies has reported a significant increase in revenue and net profit for the quarter ending in March 2023. The company's IPO was oversubscribed 175 times, indicating strong investor interest in the company.
Read MorePost Title - Global Markets Brace for Inflation Report While Debt Ceiling Standoff Continues
US markets experienced a decline as investors waited for the release of an important inflation report, while the standoff over the US debt ceiling continued to impact market sentiment. The S&P500 and Nasdaq fell 0.46% and 0.63%, respectively.
Read MorePost Title - Small Cap -Multibagger Sterling Tools Records 200% Rally in 1 Year and Declares 100% Dividend
Sterling Tools, a leading producer and supplier of metal and steel pallets, has achieved an outstanding rally of 215.85% in its stock price over the last year. On Monday, the small cap company closed on the NSE at ?424.50 apiece, up by 6.98% from the previous close of ?396.80.
Read MorePost Title - ITC to announce Q4FY23 earnings and dividend recommendation on May 18th
ITC, the Kolkata-based diversified conglomerate, is set to declare its earnings for the fourth quarter of FY23 on May 18th, along with a recommendation for dividend payout. The company will announce its financial statements for the period ending March 2023 after market hours on the same day.
Read MorePost Title - Coal India Ltd reports significant growth in FY'23 despite challenges
Coal India Ltd (CIL) has reported a significant increase in its net sales and profit after tax (PAT) for the fiscal year 2022-23. The company's net sales grew by 27%, from Rs. 1,00,563 Crores in FY'22 to Rs. 1,27,627 Crores in FY'23. The PAT for the year also rose by an impressive 62%, from Rs. 17,378 Crores in FY '22 to Rs. 28,125 Crores in FY'23.
Read MorePost Title - Market volatility persists through the first 7 days of May 2023 as concerns about the economy linger
US markets showed a strong comeback on Friday, with the Dow surging by 547 points, its biggest one-day gain since early January. The S&P 500 also rose by 1.8%, and the Nasdaq gained 2.3% after four consecutive days of declines. However, the market is still far from shedding its worries, as Wall Street remains concerned about the health of the banking sector and the possibility of a recession.
Read MorePost Title - India's Resilient Economy Shines Amidst Global Slowdown
Despite a global economic slowdown causing concern for many countries, recent data on India's factory activity indicates that the country's economy remains remarkably resilient. The expansion of factory activity in April, driven by strong growth in new orders and output, signifies robust demand and a positive economic outlook.
Read MorePost Title - Coforge Achieves $1 Billion Revenue Milestone, Shares Soar 4%
Coforge, a mid-cap IT player, experienced a remarkable 22.4% growth in FY23. Despite a 48% year-on-year drop in consolidated net profit to Rs 117 crore, the company's shares surged 4% on April 28. Coforge's Q4FY23 operating income rose 25% to Rs 2,170 crore, marking two significant accomplishments for the company.
Read MorePost Title - New GST Rules for Businesses with Turnover Over ?100 Crore Take Effect Today
As of today, new Goods and Services Tax (GST) rules have been implemented for businesses with a turnover of over ?100 crore. These rules require timely uploading of invoices on the Invoice Registration Portal (IRP) to avail input tax credit (ITC).
Read MorePost Title - Adani Group Q4 Results Awaited Amidst Market Speculation
As the earnings season unfolds, investors and market observers eagerly anticipate the release of the fourth-quarter results from the Adani Group companies. The recent Hindenburg Research report, which raised concerns about the group's debt positioning, has further intensified interest in these results.
Read MorePost Title - L&T Technology Services Surges 8% on Robust Q4 Results and Positive Outlook
L&T Technology Services (LTTS) witnessed a significant surge of 8% in its stock price, reaching Rs 3,738.90 on the BSE. This rise comes on the back of the company's impressive Q4 results, which showcased substantial year-on-year growth in net profit and revenue. Additionally, LTTS has provided a strong outlook for FY24, projecting significant revenue growth.
Read MorePost Title - Wipro's Q4 Results: Revenue Meets Estimates, Focus on Large Transformation Deals and Share Buyback
Wipro, a leading IT services company, has announced its financial results for the fourth quarter. While the revenue remained flat but met expectations, the company's guidance for the current quarter has disappointed investors. Alongside the results, Wipro's CEO highlighted the company's success in winning large transformation deals and deepening client relationships.
Read MorePost Title - L&T Technology Services Reports Strong Q4 Performance and Declares Dividend
L&T Technology Services, an engineering firm, has announced its financial results for the fourth quarter of fiscal year 2023. The company has witnessed significant growth in net profit and revenue, along with declaring a dividend. Let's delve into the details of L&T Tech's Q4 performance and its accomplishments for the fiscal year.
Read MorePost Title - Wipro Set to Unveil Q4 Earnings and Buyback Plan; Focus on FY24 Guidance
Wipro, the IT giant backed by Azim Premji, is gearing up to announce its fourth-quarter earnings for FY23. The market eagerly awaits the financial results, as well as details about the company's buyback plan. Additionally, the announcement of any potential dividend will be closely watched, following similar moves by Wipro's competitors.
Read MorePost Title - Global Markets Brace for Impact as Recession Fears Fuel Investor Panic
As the world reels from soft economic data and growing recession fears, investors are frantically searching for safe havens in a storm of stock market volatility. The US stock market plunged on Tuesday, with all three major indexes ending the day down 1% or more.
Read MorePost Title - Foreign Portfolio Investors Show Positive Sentiment Towards Indian Equities
Foreign Portfolio Investors (FPIs) have started the new financial year by purchasing Indian equities. FPIs bought shares worth Rs 8,767 crore ($1.07 billion) on a net basis in the first half of April, indicating positive sentiment towards Indian equities.
Read MorePost Title - Reliance Industries Records Double-Digit Profit Growth in Q4FY23
Reliance Industries Limited (RIL), owned by billionaire Mukesh Ambani, reported impressive double-digit growth in profitability for the March 2023 quarter (Q4FY23). Consolidated PAT (profit after tax) increased by 19.11% YoY and 22.21% QoQ, while revenue from operations showed mixed results, with a slight increase of 2.1% YoY, but a drop of 1.91% sequentially.
Read MorePost Title - Indian shares to open higher despite weak global cues ahead of key earnings
Indian shares are expected to open slightly higher today after facing losses in the last three sessions. However, investors remain cautious as quarterly earnings reports trickle in amid weak global cues. The benchmark Nifty 50 has lost 1.17% this week due to weak earnings from top IT companies Tata Consultancy Services and Infosys.
Read MorePost Title - Global markets cautious as US Fed rate hike speculation looms
Global market sentiments are cautious as investors anticipate a potential rate hike from the US Federal Reserve. The US stock market is currently trading cautiously, with two out of three major indices closing in the red zone. The Dow Jones lost 0.23%, the S&P 500 index went down 0.01%, and the Nasdaq added 0.03%.
Read MorePost Title - Indian IT Giants Face Setbacks as Infosys Q4 Results Fall Short of Expectations
Infosys, India's second-largest information technology firm, recently announced its consolidated net profit of Rs 6,128 crore for the quarter ending March 2023. Despite the 7.8% YoY increase, the company's Q4FY23 results failed to meet market expectations, resulting in a sharp decline in Indian IT stocks.
Read MorePost Title - India's Social Security System Gets a Boost from EPFO and ESIC in 2023
Social security is a critical aspect of any country's welfare state, and India is no exception. To ensure that every worker in India receives social security benefits, the government has set up two institutions - the Employees' Provident Fund Organisation (EPFO) and the Employees' State Insurance Corporation (ESIC).
Read MorePost Title - Global Market Insights: Mixed Earnings Results for US Banks, Inflation Concerns and Retail Sales Dip
US markets closed on a negative note on Friday despite some of the top banks beating earnings expectations in their first-quarter reports. However, the S&P500 and Nasdaq indexes still posted positive weekly gains for four out of the last five weeks.
Read MorePost Title - India and US strengthen economic ties, US emerges as India's biggest trading partner in FY23
In 2022-23, India and the United States have significantly increased their economic ties, resulting in the US becoming India's largest trading partner. The bilateral trade between India and the US has increased by 7.65% to USD 128.55 billion in FY23.
Read MorePost Title - LIC raises stakes in four Adani Group companies despite sell-off triggered by short seller report
LIC has raised its stake in Adani Enterprises from 4.23% in the December quarter to 4.26% at the end of March. In Adani Green Energy, the institutional investor now owns 2,14,70,716 shares, representing a 1.36% stake, up from 1.28% at the end of December 2022.
Read MorePost Title - TCS Announces 2400% Final Dividend for FY23
Tata Consultancy Services (TCS), one of the largest IT companies in India, has recommended a final dividend for FY23 to its shareholders. The company's board has approved the payment of Rs 24 dividend per equity share of face value of Rs 1 each, subject to approval by TCS shareholders.
Read MorePost Title - Infosys Q4 Results Miss Expectations, Guidance for FY24 Modest
Infosys, one of India's largest IT firms, has reported weaker-than-expected Q4 results, with a sequential revenue decline of 3.2% on a constant-currency basis. The company's guidance for FY24 is also modest and below expectations for both revenues and margins.
Read MorePost Title - Infosys Q4 Results Preview: Revenue Growth, Dividend, and More
Infosys, the Indian multinational IT firm, is set to announce its Q4 results on April 13. In this article, we will cover the company's earnings preview, guidance, dividend history, and more.
Read MorePost Title - India May Face Below-Normal Monsoon Season Due to El Niño - May impact economic growth due to drought concerns
India may experience a below-normal monsoon season this year, according to Skymet Weather, a private forecaster. The forecaster predicts that the rainfall will be 94% of the long-period average, with an error margin of +/-5%, due to the increased chance of El Niño.
Read MorePost Title - India's Fuel Consumption Hits Record High in March Due to Economic Growth and Infrastructure Development
India's fuel consumption has surged to a record high in March, driven by robust economic activity and infrastructure development in the country. According to data from the Indian Oil Ministry's Petroleum Planning and Analysis Cell, fuel consumption, a proxy for oil demand, increased by 5% from a year earlier to 4.83 million barrels per day, the highest level recorded in data going back to 1998.
Read MorePost Title - IMF lowers India's growth forecast for FY24 to 5.9% due to global banking crisis
The International Monetary Fund (IMF) has cut India's growth forecast for 2023-24 (FY24) by 20 basis points to 5.9%, citing historical revisions to data and the impact of the global banking crisis. The projection is the lowest among any multilateral development bank, with the World Bank and Asian Development Bank forecasting growth at 6.3% and 6.4%, respectively.
Read MorePost Title - Global Markets insights:US Futures Stable Ahead of Inflation Data Release; Experts Predict Drop in Inflation Figures
The global market insights report reveals that US futures remained stable on April 11, 2023, as investors awaited the release of inflation data on the following day. The Dow Jones Industrial Average added 100 points during the regular session, while the S&P 500 and Nasdaq remained flat. Meanwhile, the US 2-year bond yield saw a rise of 18 basis points since Thursday, reaching 4.01%.
Read MorePost Title - Analysts Predict Robust Q4 Earnings for HDFC Bank, TCS, and Infosys
As the earnings season approaches, market analysts are anticipating strong fourth-quarter results from three major Indian companies: HDFC Bank, TCS, and Infosys. The quarter ended on March 31, and the companies are set to release their financial results this week.
Read MorePost Title - Diversified Import Strategy : India's Crude Oil Imports from Russia Double that of Iraq
India's crude oil imports from Russia reached an all-time high of 1.64 million barrels per day in March 2023. This marks a significant increase from the country's traditional top oil supplier, Iraq, whose purchases were half of that at 0.82 million barrels per day.
Read MorePost Title - Record Wheat Crop Production Despite Untimely Rains Causing Minor Losses
In recent news, the Indian government has estimated a minor 1-2 million tonne loss in wheat production due to untimely rains. However, this hasn't dampened the overall record-breaking production expected this year.
Read MorePost Title - RBI proposes expansion of UPI to include credit lines
The Reserve Bank of India (RBI) is considering allowing credit to be offered via pre- approved bank lines on the Unified Payments Interface (UPI) digital payments system. UPI is a popular real-time payments system that allows users to transfer money across multiple banks without disclosing bank account details.
Read MorePost Title - HDFC Bank Surpasses Its Target with Record Deposits in Q4 FY23
HDFC Bank, India's largest private sector lender, has set a new record by collecting over ?1.5 trillion in deposits during Q4 FY23, exceeding its target of ?1 trillion for a quarter. The bank's deposit base has reached ?18.88 trillion, with a YoY growth rate of 21% and a sequential growth rate of 8.7%.
Read MorePost Title - US Markets Fall Amid Renewed Fear of Recession and Weaker Economic Data
The US markets saw a renewed fear of recession as several economic data indicated weakness in the economy. The US services PMI fell, private payrolls rose below estimates, and bonds climbed while equities fell.
Read MorePost Title - RBI urged to prioritize inflation over growth by FinMin officials
The Reserve Bank of India (RBI) has been advised by finance ministry officials to prioritize bringing inflation down to within the mandated range of 2-6%, even if it means a reduction in economic growth. The RBI's mandate is to keep retail inflation at 4% within a band of 2 percentage points on either side.
Read MorePost Title - Reliance and Jio raise $2 billion forex loan following successful $3 billion financing
Indian conglomerate Reliance Industries Ltd and its subsidiary Reliance Jio Infocomm have raised a $2 billion add-on foreign currency facility, just days after signing a $3 billion financing. The funding is the largest raised through syndicated term loans by an Indian corporate house in at least five years.
Read MorePost Title - US Economic Woes Spark Market Turmoil as Stocks Fall and Job Cuts Continue
The US markets experienced a sharp decline as economic worries hit the global economy, causing the Dow to plummet nearly 200 points. This article provides a comprehensive insight into the market situation, including the factors that triggered the fall and its impact on the US economy.
Read MorePost Title - RBI's MPC Meeting Begins with Expectations of Final Rate Hike
The Reserve Bank of India's Monetary Policy Committee (MPC) began its three-day meeting on Monday to set the country's first bi-monthly monetary policy for the fiscal year 2023-24. The central bank has already raised the repo rate by a total of 250 basis points since May 2022 to control inflation, which has remained above the RBI's comfort zone of 6%.
Read MorePost Title - OPEC+ Production Cut Sparks Battle for Asia's Oil Demand
The recent surprise cut in oil production by OPEC+ members has opened the door for other producers to compete for markets in Asia. Since 2017, OPEC+ member states have favored Asia at the expense of the US, with 70% of oil from the group going to Asian countries in 2022, up from 61% in 2017.
Read MorePost Title - RBI Interest Rate Decision and Global Trends to Influence Markets in Short Week, Say Analysts
As markets prepare for a holiday-shortened week, analysts are predicting that the RBI's interest rate decision, macroeconomic data, and global trends will set the tone for the equity market. With the Indian equity markets closed on Tuesday for 'Mahavir Jayanti' and on Friday for 'Good Friday,' investors will keep an eye on foreign portfolio investors' trading activity, according to industry experts.
Read MorePost Title - Global Market Update: Brent Crude Oil Surges, US Stock Market Sees High Gains, Tesla Breaks Records, and UBS Announces Layoffs
The global market has been buzzing with activity in the past week. Brent crude oil prices increased by 7% to $85 after OPEC+ announced a production cut of 1.6 million barrels per day. While this move is expected to impact global inflation, the US stock market experienced one of the highest weekly gains, driven by a stable banking sector and an expected core PCE.
Read MorePost Title - Government Increases Interest Rates on Small Savings Schemes for April-June 2023 Quarter
The government has announced a hike in interest rates for most small savings schemes for the April-June 2023 quarter. This move aims to attract investors and help garner steady deposits in light of the expected rate hike from the Monetary Policy Committee (MPC) in April 2023, which is expected to subsequently get transmitted to bank deposit rates.
Read MorePost Title - Indian Stock Markets Experience Bullish Run on Friday as Global Banking Fears Ease
The Indian stock markets surged on Friday,continuing their upward trajectory for a third consecutive day, as investors' risk appetite improved following the easing of global banking crisis fears. The S&P BSE Sensex reached a high of 59,068 before ending the day with a gain of 1,031 points at 58,992, with the NSE Nifty 50 also hitting a high of 17,382 and settling at 17,360, up by 279 points.
Read MorePost Title - Union cabinet to consider imposing price caps on natural gas to control input costs
The Union Cabinet is expected to consider imposing price caps on the majority of natural gas produced in India to control input costs for consumers, including CNG and fertilizer companies. The government typically sets prices for locally produced natural gas every six months, with two different formulas used for old and new fields.
Read MorePost Title - US Markets Surge as Investors Remain Bullish on Tech and Banking Sectors
In a much-needed relief for investors, the US markets have rallied with all major indices up by 0.5% and touching their highest levels since March 7. The Nasdaq has led the charge, advancing to 12,013 points as tech stocks continue to see renewed investor interest.
Read MorePost Title - Sugar Prices Surge: Global Food Inflation Threatens Amid Tightening Supply
Sugar prices have surged to the highest level in more than a decade, while the raw variety is near its costliest in over six years. This price hike is leading to increasing costs for the industry and putting pressure on global food inflation. The rise in prices is attributed to the tightening supply of sugar due to India, one of the leading sugar exporters, cutting exports after rains hurt the sugar cane crop and diverted more sweetener to biofuel.
Read MorePost Title - Sensex and Nifty surge on firm global markets and foreign fund inflows
India's benchmark indices, Sensex and Nifty, surged on Wednesday amid strong foreign fund inflows and positive global market trends. Several sectors, including services, realty, commodities, and automobiles, contributed to the positive momentum, driving the Sensex up by 346 points and Nifty near the 17,100 level. Here's a breakdown of the key highlights from the day's trading session.
Read MorePost Title - Vedanta Announces Record Interim Dividend; Looks to Refinance Old Loans
Vedanta, led by Anil Agarwal, has declared a fifth interim dividend of Rs 20.50 per equity share, or 2050% of the face value of Rs 1 per share, for the fiscal year ending March 31, totaling Rs 7,621 crore. This brings the company's total dividend payout for the year to its highest ever at Rs 37,730 crore.
Read MorePost Title - PAN-Aadhaar linking deadline extended till June 30, 2023: All you need to know
The deadline for linking Aadhaar with PAN has been extended till June 30, 2023, by the Income Tax Department. Failure to link the two identification cards will result in the PAN becoming inoperative. This article provides all the necessary details regarding the process of linking Aadhaar with PAN, penalty fees, and exemptions.
Read MorePost Title - Global Banking Crisis Causes Slowdown in IT Hiring, Puts Pressure on Indian IT Industry
The ongoing crisis affecting global banks in the US and Europe is set to have a significant impact on the Indian IT industry. Indian IT companies earn almost 40% of their revenue from the banking, financial services, and insurance (BFSI) sector.
Read MorePost Title - Bank and Energy Stocks Lift US Dow, Nasdaq Falls as Crypto Exchange Binance Cracks Down
The US Dow ended on a high note, climbing almost 200 points, thanks to a boost from bank and energy stocks. However, the Nasdaq was unable to sustain the rally and fell. The troubled banking sector received some respite as US authorities announced additional support, with First Republic Bank's stocks surging by 15%.
Read MorePost Title - Indian Stock Market Update: Five Top Firms Experience Market Value Erosion
Last week, five out of the top 10 most valued firms in India experienced a decline in market valuation, resulting in a combined loss of Rs 86,447.12 crore. Infosys, Tata Consultancy Services (TCS), and State Bank of India took the hardest hit among the affected companies.
Read MorePost Title - Financial instability looms as Deutsche Bank troubles persist
The global financial markets open with a green signal in Asian indices. However, the stability of banks remains a concern worldwide. This article discusses the impact of Deutsche Bank's troubles on the European markets and the views of various experts on the risks to financial stability.
Read MorePost Title - India aims to become $5tn economy before IMF's projection
Measures taken by the Indian government to boost economic growth include the National Infrastructure Pipeline of projects, capital expenditure push, Production Linked Incentive scheme implementation, National Monetisation Pipeline of public sector assets finalisation, and the National Logistics Policy formulation.
Read MorePost Title - Indian Shares Extend Losses as Government Hikes STT on Futures and Options
The Finance Ministry clarified on the hike in securities transaction tax (STT) on selling options, stating that it has been increased to 0.0625% from 0.05%. The STT for futures has also been raised to 0.0125% from 0.01%. The new rules will be effective from April 1, 2023.
Read MorePost Title - Accenture Announces Layoffs and Revenue Cut as IT Spending Slows
IT services and consulting company Accenture has revealed its plans to cut 19,000 jobs, or 2.5% of its workforce, due to wage inflation and cost streamlining. The company expects to incur a severance cost of $1.2 billion. The decision comes as other technology-product firms, such as Meta, Google, Microsoft, and Amazon, have also announced layoffs.
Read MorePost Title - Global Markets Experience Turmoil as Banking Stocks Drop, Gold Jumps, and Central Banks Hike Rates Amidst Layoffs in Tech and Retail
Global markets witnessed a mixed bag of news on March 24, 2023. While US banking stocks faced a significant fall during the session, Nasdaq struggled to receive support from heavyweight tech shares, and the SP500 closed below session highs. On the other hand, gold prices soared to touch $2,000 again.
Read MorePost Title - Fed Raises Interest Rates and Indicates More to Come, US Markets React Negatively
The Federal Reserve (Fed) has raised interest rates by 25 basis points for the ninth consecutive meeting, bringing the range to 4.75% to 5%. The unanimous vote by the Federal Open Market Committee (FOMC) suggests that there may be further rate hikes in the future.
Read MorePost Title - Hindustan Zinc declares highest-ever dividend, shares jump 5%
Hindustan Zinc Ltd, a Vedanta Group firm, has approved a fourth interim dividend of ?26 per equity share or 1,300 percent for FY 2022-23, amounting to ?10,985.83 crore. This takes the company's total payout to shareholders to a record ?32,000 crore this fiscal, making it one of the top-dividend payers in India.
Read MorePost Title - India's Economic Growth Holds Steady in February, but Consumption Weakening
India's economy showed signs of steadiness in February, but early signs of weakening consumption emerged amid concerns about future growth prospects and hawkish monetary policy. Bloomberg's animal spirits barometer, which tracks eight high-frequency indicators, revealed moderating credit growth, weak tax revenues, and a rising unemployment rate.
Read MorePost Title - Global Markets Remain Fragile Despite Banking Sector Rescue; UBS Takes Over Credit Suisse for $3.3 Billion
Markets remained under pressure on Friday despite a massive rescue plan for the banking sector. UBS announced its takeover of Credit Suisse for $3.3 billion, with AT1 bondholders set to lose their entire investment. The sentiment in the markets remained fragile, resulting in global equities being under pressure.
Read MorePost Title - Midsize US Banks Request FDIC to Insure Deposits for Two Years
In an attempt to avoid a possible bank run, a coalition of midsize banks in the United States is asking federal regulators to extend FDIC (Federal Deposit Insurance Corporation) insurance to all deposits for the next two years. The group argues that such a guarantee is needed to prevent a wider run on the banks and stabilize the banking sector.
Read MorePost Title - UBS Acquires Credit Suisse in Record-Breaking Government-Brokered Deal
In a historic move, UBS Group AG has acquired Credit Suisse Group AG in an all-share deal worth over $2 billion. The Swiss National Bank has also offered a $100 billion liquidity line to UBS as part of the deal. The acquisition is seen as a government-brokered solution aimed at containing a crisis of confidence that threatened to spread across global financial markets.
Read MorePost Title - Equity benchmarks Sensex and Nifty Overcome Volatility to Settle in Green , after days of downfall
Indian equity markets experienced a volatile trade on Friday but overcame it to settle in the green for the second straight session. The 30-share BSE Sensex rose by 355.06 points or 0.62%, closing at 57,989.90. The broader NSE Nifty also gained 114.45 points or 0.67% to end at 17,100.05.
Read MorePost Title - HDFC and HDFC Bank Merger Receives NCLT Approval, Stocks Jump high
The National Company Law Tribunal (NCLT) has given its approval for the merger of HDFC and HDFC Bank, allowing for a shareholders' meeting to obtain approval for the proposed merger. The merger is expected to be completed by the second or third quarter of FY24, and HDFC Ltd has already received approvals from various regulatory bodies.
Read MorePost Title - MCA Brings Major Change to Audit Trail Requirements Starting April 1st, 2023
The Ministry of Corporate Affairs (MCA) has issued three notifications that will bring significant changes to the audit trail requirements for businesses. The notifications require all companies using accounting software to employ software that maintains an audit trail of every transaction, including any modifications made to the books of account, while also ensuring that the audit trail cannot be disabled.
Read MorePost Title - Don't Miss These 5 Financial Tasks Before March 31 - PAN-Aadhaar Link, ITR, Tax Saving Investment, Advance Tax and Form 12BB
As the financial year 2022-23 draws to a close, Indian taxpayers need to complete various financial tasks before March 31 to avoid any financial losses. From linking PAN card and Aadhaar Card to submitting the updated income tax return (ITR), missing these deadlines may lead to penalties and additional charges.
Read MorePost Title - Technocraft Industries' Shares Surge 40% in 5 Weeks
Technocraft Industries, a leading manufacturer of drum closures and scaffolding products, has seen its shares surge 40% in the past five weeks, reaching a record high of Rs 1,271. The iron and steel company's shares rallied 8% in Wednesday's intra-day trade, despite an otherwise subdued market.
Read MorePost Title - Credit Suisse's Turmoil Sends Shockwaves Through Global Markets
Credit Suisse, one of the world's largest banks, is facing a significant setback as its largest shareholder, Saudi National Bank, announced that it would no longer provide financial support. This news has rattled global markets, leading to a sell-off in several sectors. The following article will explore the implications of this development on the markets and investors.
Read MorePost Title - India's February CPI Inflation Falls Slightly to 6.44%, But Still Higher Than Expected
India's consumer price index (CPI) for February 2023 showed a slight drop in inflation to 6.44%, down from 6.52% in January. However, this figure is still higher than street estimates of 6.29%, according to data published by the Ministry of Statistics and Programme Implementation.
Read MorePost Title - Moody's Revises Outlook for US Banking System to Negative
Moody's Investors Service has revised its outlook for the US banking system to negative from stable. This comes in response to the recent collapse of SVB Financial Group, which has heightened risks for the sector and sparked fears of contagion.
Read MorePost Title - Nazara Technologies' Subsidiaries Hold Rs 64 Crore in Crisis-Hit Silicon Valley Bank, Shares Hit Record Low
Nazara Technologies, an Indian gaming company, saw its shares hit a record low of Rs 483.05, dropping 7% in intra-day trade on Monday amid heavy volumes. The company disclosed that its two step-down subsidiaries, Kiddopia Inc. and Mediawrkz Inc., have cash balances at the Silicon Valley Bank (SVB), which is facing a crisis.
Read MorePost Title - US Bank Depositors Rescue Package Provides Breathing Space to Banks
The US Bank depositors rescue package has been a much-needed backstop to the markets. Unlike 2008, US policymakers have learned from their past mistakes and moved early and at scale to prevent contagion risk from spreading. This article provides an overview of the US Bank depositors rescue package and its implications.
Read MorePost Title - Market Valuation of Top Indian Firms Drops by Over Rs 1 Lakh Crore
The past week saw a sharp decline in the market valuation of eight out of the top ten valued firms in India. The combined erosion in their market capitalization (mcap) was Rs 1,03,732.39 crore, with Reliance Industries and ICICI Bank being hit the hardest.
Read MorePost Title - Seamec's Shares Skyrocket by 32% in Two Days Following Contract With ONGC
Seamec, a subsidiary of HAL Offshore Limited, has entered into a subcontract with its consortium partner in Pipeline Replacement Project (PRPVII) for subsea installation works of the state-owned oil exploration & production company, Oil and Natural Gas Corporation (ONGC), on unit rate basis.
Read MorePost Title - Sensex Drops over 900 Points in early trade on Concerns of Prolonged High Interest Rates
The Indian stock market saw a bloodbath in early trade on Friday, with benchmark indices falling over 1% amid concerns over the prolonged impact of high interest rates on economic growth.
Read MorePost Title - Tata Technologies Files for IPO: All You Need to Know About the Company
Tata Technologies Files for IPO: All You Need to Know About the Company | Corporate India
Read MorePost Title - US Markets Tank Ahead of Job Data and CPI; Banking Shares Fall After Silvergate Capital Collapse
The US markets faced a major setback as they tanked ahead of the release of job data and CPI early next week. The collapse of crypto financier Silvergate Capital also led to a broad-based fall in banking shares.
Read MorePost Title - US and India to Strengthen Collaboration on Semiconductors
The US and India are set to sign a memorandum of understanding to enhance their cooperation in the semiconductor industry, according to Gina Raimondo, the US Commerce Secretary.
Read MorePost Title - FPIs Continue to Sell, Financial and Durable Stocks Affected the Most
Foreign Portfolio Investors (FPIs) remain in sell mode as they continue to pull out funds from Indian markets. In the last fortnight of February, FPIs sold stocks worth Rs 2,263 crore in the financial services sector and Rs 1,111 crore in consumer durables.
Read MorePost Title - Fed Chair's Warning Shakes Global Markets: Interest Rates May Rise Faster and Higher Than Expected
Global financial markets trembled on Tuesday, March 7th, after the Federal Reserve Chair, Jerome Powell, warned that interest rates could increase faster, higher and for longer than anticipated, sending US major indices plummeting.
Read MorePost Title - Markets Await Key Economic Data Releases This Week: India IIP, US Jobs, Powell’s Testimony, China Inflation, and More
The coming week is going to be a significant one for markets worldwide as there are several important economic data releases in India and globally.
Read MorePost Title - PM Modi urges India Inc to boost investment to take advantage of Budget 2023-24
Introduction: In the 10th webinar on Budget, Prime Minister Narendra Modi addressed India Inc and urged them to increase investment and capitalize on the opportunities presented in the recently unveiled Budget 2023-24.
Read MorePost Title - FMCG and Dairy Firms Expect Strong Double-Digit Sales Growth in Summer
As the onset of early summer leads to a surge in demand for ice creams and cold beverages like cola, FMCG and dairy firms are betting on strong double-digit sales growth this season.
Read MorePost Title - India's Russian Oil Imports Hit Record High, Surpassing Saudi and Iraq
India's imports of crude oil from Russia hit a new high in February 2023, reaching 1.6 million barrels per day. This is now higher than the combined imports from traditional suppliers Saudi Arabia and Iraq.
Read MorePost Title - India's GDP growth slows to 4.4% in Q3FY23 due to inflation and tight monetary policy
India's real GDP growth in the third quarter of FY23 was estimated to be 4.4%, a significant drop from the 6.3% growth in the previous quarter, according to government data released by the Ministry of Statistics and Programme Implementation.
Read MorePost Title - Reliance Industries Launches Commercial Real Estate Venture with New Subsidiary
Reliance Industries, led by Mukesh Ambani, has entered the commercial real estate market with the launch of Reliance SOU Ltd, investing an initial capital of Rs 1 lakh in the subsidiary.
Read MorePost Title - India's Tech Industry Expected to Reach $245 Billion in FY23: Nasscom
According to estimates by industry apex body Nasscom, India's technology sector is set to reach $245 billion in FY23, despite global headwinds
Read MorePost Title - Investors brace for rate hikes as US bond yields hit 4% and short-term bonds outperform 60/40 portfolio
Global market insights reveal that US bond yields hit 4.001%, indicating a possible substantial rate hike in the near future.
Read MorePost Title - Adani Enterprises Shares Rally as Credit Limits Remain Unchanged: Report
Shares of Adani Enterprises saw a massive rebound of 24% from the day's low, closing 14.22% higher at Rs 1,364 on Monday.
Read MorePost Title - RBI may hike Repo Rate as record-high temperatures hit wheat production in India
The Indian Reserve Bank (RBI) could consider increasing the Repo Rate due to the record-high temperatures experienced in February.
Read MorePost Title - India prioritizes cheaper fuel imports to mitigate global commodity price hike
As the conflict between Russia and Ukraine drives up global commodity prices, India has made strategic decisions to import cheaper fuel from Russia and other sources.
Read MorePost Title - Sensex Continues to Fall for Seventh Straight Session Due to Rising US Dollar and Inflation Concerns
The Indian stock market has been experiencing a sell-off for the last seven days, with the BSE Sensex dropping by over 2,000 points or 3.3% to reach around 59,288 levels from around 61,319 levels.
Read MorePost Title - Direct Benefit Transfers Worth Rs 5.5 Trillion Expected This Fiscal Year, Exceeding Last Year's Rs 6.3 Trillion
India's Direct Benefit Transfer (DBT) program is expected to provide subsidies and sops worth about Rs 5.5 trillion by the end of the current financial year, which is almost equal to the entire amount transferred in the previous fiscal year, FY21, and just 13% less than in FY22.
Read MorePost Title - Global Markets Under Pressure Amid Inflation Concerns and Chinese Sell-off
Global markets are bracing for a turbulent week as investors worry over rising inflation and Chinese stocks listed in the US take a hit.
Read MorePost Title - FPIs Withdraw Rs 2,300 Crore from Indian Equities in February Amidst Rising US Rates
Foreign Portfolio Investors (FPIs) have withdrawn Rs 2,313 crore from Indian equities in February ahead of the release of Federal Reserve's latest meeting minutes.
Read MorePost Title - PM Modi to Release 13th Instalment of Rs 16,800 Crore Under PM-KISAN Scheme
Prime Minister Narendra Modi is set to release the 13th instalment of financial benefits worth Rs 16,800 crore to over eight crore eligible farmers under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme.
Read MorePost Title - India's UPI transactions volume reflects ease and security, says PM Modi; digital transactions could surpass cash
Indian Prime Minister Narendra Modi praised the Unified Payments Interface (UPI) for handling more than 74 billion transactions in 2022, which demonstrates the level of security the real-time payment system provides.
Read MorePost Title - Adani Group Suffers Massive Market Cap Erosion a Month After Hindenburg Report
The Adani Group stocks continue to struggle a month after the release of the Hindenburg Report, which alleged irregularities in the group. The stocks have lost an average of Rs 52,343 crore each day since the report was made public on January 24, leading to the biggest-ever wipeout of wealth globally.
Read MorePost Title - GST Council Meeting Rationalizes Late Fee for Belated Filing of Annual GST Returns in Form GSTR-9
The GST Council convened for the first time after the unveiling of the government's budget for 2023. The meeting was chaired by Finance Minister Nirmala Sitaraman.
Read MorePost Title - Entire Rs 16,982 cr GST Compensation Cess to States Cleared by Finance Minister
Finance Minister Nirmala Sitharaman announced on Saturday that the entire GST compensation cess of Rs 16,982 crore for June 2022 will be cleared.
Read MorePost Title - Indian Markets Drop for Fourth Session on Global Cues, Putin's Nuclear Warning, and Fed Minutes
Indian markets fell for the fourth consecutive session on February 23, 2022, to hit a two-week low, tracking losses in global equities.
Read MorePost Title - India's Foreign Exchange Reserves Decline Steeply ; sharpest weekly fall in 11 months
India's foreign exchange reserves have experienced the sharpest decline in over 11 months, according to recent data released by the Reserve Bank of India.
Read MorePost Title - Medanta Stock Soars by 13% in 2 Days, Hits Record High Since Listing
Shares of Medanta, a leading healthcare provider in India, surged 13% over the past two days, hitting a new record high of Rs 518.55 on the Bombay Stock Exchange.
Read MorePost Title - PM Modi Addresses ET Global Business Summit, Hails India's 'Anti-Fragile' Spirit
Indian Prime Minister Narendra Modi addressed business leaders from around the world at the ET Global Business Summit and highlighted the concept of 'anti-fragile' in the context of the challenges faced by the world in the last three years.
Read MorePost Title - Global Markets React to Hawkish Fed Remarks and Economic Data
Global markets experienced a downturn as Asian futures fell in response to the hawkish remarks made by Fed officials, indicating the possibility of another 50 bps rate hike.
Read MorePost Title - India's Trade with UAE Set to Cross $31 Billion Mark
India's trade with the United Arab Emirates (UAE) is set to reach new heights, as the country's exports to the UAE are expected to exceed $31 billion during the current fiscal year.
Read MorePost Title - Foreign Investors Renew Interest in Indian Equity Markets, Invest Rs 7,600 Cr in a Week
Foreign portfolio investors (FPIs) have shown renewed interest in the Indian equity markets with an investment of over Rs 7,600 crore in the week ended February 17.
Read MorePost Title - Equity Investors Look to Global Trends and Foreign Fund Movement This Week as Third Quarter Earnings Calendar Ends
Equity investors will keep a close eye on global trends and foreign fund movement this week, as the third quarter earnings calendar draws to a close and no major domestic trigger is in sight, according to analysts.
Read MorePost Title - Five of Top-10 Most Valued Firms Gain in Market Capitalisation
Last week, five of the top 10 valued firms in India witnessed a surge in their market valuation, contributing to a total increase of Rs 95,337.95 crore.
Read MorePost Title - Google's Global Downsizing Impacts India, Over 450 Employees Laid Off
Google has joined other technology giants in downsizing its workforce, with over 450 employees in India being laid off as part of the global action.
Read MorePost Title - Global Markets React to Hawkish Fed Remarks and Economic Data
Global markets experienced a downturn as Asian futures fell in response to the hawkish remarks made by Fed officials, indicating the possibility of another 50 bps rate hike.
Read MorePost Title - Adani Group's Debt Woes: Management Reveals Plan to Refinance with Private Notes and Cash
The Adani Group, a conglomerate with business interests ranging from ports to renewable energy, has been grappling with debt repayment deadlines.
Read MorePost Title - Indian Finance Minister Announces Plan to Include Petrol and Diesel under GST Regime, Pending State Agreement
The Indian Finance Minister, Nirmala Sitharaman, has announced that the country plans to bring petrol and diesel under the Goods and Services Tax (GST) regime.
Read MorePost Title - Air India Makes Aviation History with World's Largest $70 Billion Aircraft Deal for 470 Planes
Air India, now owned by the Tata group, has made aviation history with its recent announcement of the world's largest ever single-tranche aircraft purchase.
Read MorePost Title - US Inflation Remains High Despite Decrease for Seventh Consecutive Month
The latest US inflation data shows a decrease for the seventh consecutive month, but it still remains high. The market was volatile, but it closed flat with little gain in Nasdaq. Here's a breakdown of the latest inflation data and what it means for the US economy.
Read MorePost Title - India's Retail Inflation Breaches RBI's Tolerance Level for the First Time Since October, Amidst Rising Food Prices
India's annual retail inflation in January rose above the Reserve Bank of India's (RBI) upper threshold for the first time in three months, on the back of higher food prices, vindicating last week's hawkish monetary policy stance.
Read MorePost Title - BHEL Reports Impressive Q3 Results with 55% YoY Jump in Profit
BHEL, one of India's largest engineering and manufacturing companies, has reported a robust financial performance for the third quarter of the fiscal year.
Read MorePost Title - Oil India Ltd. (OIL) Reports Q3 2022's Highest-Ever Profit
Oil India Limited (OIL), a state-owned oil and gas company, has reported its highest ever quarterly net profit in Q3 2022. The success was driven by a rise in oil and natural gas prices and increased output of both crude oil and natural gas.
Read MorePost Title - Market Watch: Key Economic Data to Impact Indian Stock Markets Next Week
On Monday, February 13th, the Consumer Price Index (CPI) for January will be released, followed by the Wholesale Price Index (WPI) data for January on Tuesday, February 14th.
Read MorePost Title - Banco Products India Ltd. Rally Continues on Strong Q3 Earnings
Banco Products India Ltd., a small-cap company in the consumer discretionary industry, saw its shares close 9.27% higher at ?235.25 on the NSE following the announcement of its Q3 earnings and a 400% dividend declaration.
Read MorePost Title - India's Lithium Reserve Discovery: A Game Changer for Electric Vehicle Industry
In a major breakthrough, India has discovered lithium reserves for the first time in its history. The Geological Survey of India (GSI) has established 5.9 million tonnes of inferred lithium resources in Jammu and Kashmir's Reasi district.
Read MorePost Title - Limited Impact Expected for Indian Tech Industry Despite Global Layoffs
The global tech industry has recently experienced a wave of mass layoffs, with an estimated 100,000 people losing their jobs in just the first 40 days of 2023.
Read MorePost Title - Sensex Falls as Metal and Energy Stocks Drag the Market
The Indian stock market witnessed a decline on Friday, with the benchmark Sensex dropping 123 points due to selling pressure in metal and energy stocks.
Read MorePost Title - PM Praises Dawoodi Bohras for Their Contributions to India's Economic and Educational Progress , Digital India
Prime Minister Narendra Modi recently recognized the significant contributions of the Dawoodi Bohra community towards India's development and nation-building.
Read MorePost Title - Semiconductor Giants Place Their Bets on India: From Foxconn to Vedanta to TSMC
India has been making strides in the semiconductor industry in recent times, with some of the biggest players in the industry setting their sights on the country. From Foxconn to Vedanta to TSMC, companies are betting big on India's potential in the sector.
Read MorePost Title - India's Industrial Growth Takes a Hit: IIP Declines to 4.3% in December 2022
The Indian industrial sector has taken a hit in recent times, as evidenced by the latest data released by the Ministry of Statistics and Programme Implementation.
Read MorePost Title - 12,000 Dead and Rising: Monday's Devastating Earthquakes in Turkey and Syria Leave Trail of Destruction
The recent earthquakes in Turkey and Syria have claimed more than 12,000 lives, with thousands still missing and the chances of finding survivors rapidly decreasing. The cold weather conditions are only exacerbating the situation, as the survival rate without food or water drops drastically after 72 hours.
Read MorePost Title - Zomato Q3 Report: Losses Widen, Revenue Soars
Zomato, the Indian online food delivery giant, recently released its Q3 financial report, showcasing mixed results. Despite a significant year-on-year (YOY) increase in revenue, the company experienced a wider loss in the same period.
Read MorePost Title - RBI Increases Repo Rate by 25 Basis Points
The Reserve Bank of India (RBI) has increased the repo rate by 25 basis points, keeping inflation as its primary concern. Despite a slowdown in the economy, inflation remains sticky, leading the RBI to maintain a strong vigil on its outlook.
Read MorePost Title - Adani Green Energy Reports Strong Q3 Results
Adani Green Energy saw its consolidated net profit more than double in the December quarter, reaching Rs 103 crore. This significant increase was primarily due to higher revenues, with total income rising to Rs 2,258 crore from Rs 1,471 crore in the same period last year.
Read MorePost Title - Tata Steel Incurs Surprising Q3 Loss of Rs 2,224 crore
Tata Steel has reported a consolidated net loss of Rs 2,223.84 crore in Q3 of the financial year 2023. The loss was caused by a decline in realisations in Europe and a non-cash deferred tax expense on the British Steel Pension Scheme.
Read MorePost Title - Sensex Soars to New Heights Amid Lower Rates and Fed Optimism
The Indian stock market witnessed a major boost as the Sensex posted its largest single-day gain in nearly three months on Friday.
Read MorePost Title - India Ranks Third in Global Start-Up Ecosystem, Emphasizes on Sustainable Growth and Heritage Preservation
Union Minister Anurag Singh Thakur recently announced that India has now become a hub for the start-up ecosystem and is ranked third in the world with 90,000 start-ups and 107 unicorn companies worth $30 billion.
Read MorePost Title - Apple's Booming Business in India: Double-Digit Growth for the Tech Giant
Apple has seen tremendous growth in India over the past year, with sales figures indicating a double-digit increase in the company's business in the country.
Read MorePost Title - PM Modi Emerges as the Most Popular Global Leader with Sky-High Approval Ratings
According to a recent survey conducted by US-based consulting firm Morning Consult, Prime Minister Narendra Modi has emerged as the world's most popular leader with a staggering approval rating of 78%.
Read MorePost Title - PM Modi Emerges as the Most Popular Global Leader with Sky-High Approval Ratings
According to a recent survey conducted by US-based consulting firm Morning Consult, Prime Minister Narendra Modi has emerged as the world's most popular leader with a staggering approval rating of 78%.
Read MorePost Title - Finance Minister Assures India's Image Unaffected by Adani FPO Pullout
India's Finance Minister, Nirmala Sitharaman, has stated that the recent decision by Adani Group to pull out of their Rs 20,000 crore follow-on public offer (FPO) has not impacted India's image.
Read MorePost Title - U.S. Shoots Down Suspected Chinese Spy Balloon , a move worsening US China relations
The U.S. military has shot down a suspected Chinese spy balloon off the east coast of the country. According to the Pentagon, the balloon was caught spying on sensitive military sites across North America.
Read MorePost Title - India Enters $2.7 Billion Global Market with Exports of Aviation Gasoline
Indian Oil Corporation (IOC) has made history by becoming the first Indian company to export aviation gasoline, a fuel used in unmanned aerial vehicles (UAVs) and small planes.
Read MorePost Title - RBI on Adani: Banking sector remains resilient and stable
The RBI statement came shortly after Chairman of country's largest lender State Bank of India (SBI) and Union Finance Minister Nirmala Sitharaman dismissed any concerns for banking sector due to Adani exposure.
Read MorePost Title - Layoff Season Continues: Over 68,000 Employees Sacked by 219 Tech Firms in January
The tech industry continues to see a wave of layoffs, with 219 companies in the sector announcing plans to cut a total of 68,000 jobs in January alone. This marks a significant increase from the 45,000 layoffs announced by tech companies in the same month last year.
Read MorePost Title - Global Market Recap: Stocks Rally with Mixed Results
The Nasdaq experienced a 3% surge, with Facebook (Meta) leading the way. The social media giant announced a $40 billion share buyback, which led to a 23% jump in its stock, the biggest since 2013.
Read MorePost Title - Adani Enterprises Stocks Plunge amid Fraud Allegations
Shares in Adani Enterprises, the flagship firm of business tycoon Gautam Adani, took a major hit on Wednesday as the conglomerate faced allegations of accounting fraud from short-seller Hindenburg Research.
Read MorePost Title - Union Budget 2023-24: Highlights and Key Announcements
The Indian Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 today, outlining the government's priorities and proposed changes in tax laws. Here are the key highlights from the budget.
Read MorePost Title - Adani Enterprises Calls Off Rs 20,000 Crore FPO
Adani Enterprises Limited (AEL) announced on Wednesday that it has withdrawn its Rs 20,000 crore follow-on public offering (FPO). The decision was taken by the board of directors in the interest of shareholders due to the current market volatility and unprecedented situation.
Read MorePost Title - Tata Elxsi Q3 Earnings Report: Strong Results Despite Weak Market Conditions
Despite weak market conditions, Tata Elxsi's share price edged higher during early trade on January 27. The company reported its Q3 earnings for Oct-Dec, with net profit coming in at Rs 194.68 crore, up 28.97 percent from Rs 150.95 crore in December 2021.
Read MorePost Title - Wall Street Ends Week on High Note Ahead of Fed Meeting
The stock market ended the week on a high note as investors eagerly await the upcoming Federal Reserve meeting. The Fed is expected to provide further guidance on monetary policy, and investors are hoping for positive news to support the ongoing economic recovery.
Read MorePost Title - Evans Electric Ltd. Declares 1:1 Bonus Shares, Stock Rallies 354% above 52-Week Low
Small-cap commercial services company, Evans Electric Ltd., has announced a bonus share issuance for its shareholders. The Board of Directors has authorised the issuance of up to 13,72,000 fully paid-up equity shares, worth Rs. 10 each, as bonus shares.
Read MorePost Title - Abu Dhabi's IHC Invests $400 Million in Adani Enterprise FPO: A Breakdown of the Deal
Adani Enterprise Limited, an Indian multinational conglomerate, recently received a $400 million investment from Abu Dhabi's Investment Holding Company (IHC).
Read MorePost Title - Stock Market Outlook for the Upcoming Week: Budget 2023, Adani FPO, and Fed Action Among Key Factors to Watch
As the new week begins, investors and traders will be keeping a close eye on several key factors that are likely to impact the stock market.
Read MorePost Title - Budget Blues: Foreign Investors Take a Cautious Approach Ahead of Budget Announcement
The Indian stock market has seen a significant outflow of foreign funds in the lead up to the annual budget announcement.
Read MorePost Title - Rising Tensions in the Middle East: Iran's Probable Retaliation After Drone Attack on Defense Facility
The Middle East is once again on the brink of heightened geopolitical tensions after a drone attack on a defence facility in Isfahan, Iran.
Read MorePost Title - Happiest Minds expands southern presence and bolsters digital capabilities with acquisition of SMI
Happiest Minds Technologies, an Indian multinational provider of digital services, has announced its acquisition of Madurai-based IT firm SMI for Rs 111 crore.
Read MorePost Title - Asian shares hit 9-month high as global economic recovery fuels investor optimism.
The Asian stock market is witnessing a bullish trend as investors are optimistic about the global economic recovery. The shares have reached a 9-month high, driven by the resilient U.S. economic data.
Read MorePost Title - Adani's Silence on Ethical Concerns: A Lack of Transparency in the Face of Criticism
Hindenburg Research, a leading research firm, recently released a report accusing Adani of unethical business practices and lack of transparency.
Read MorePost Title - Adani Group Strikes Back: Legal Action Against Hindenburg Research
The Adani Group, a leading Indian conglomerate, is reportedly considering legal options in the United States and India against Hindenburg Research, a financial research firm that recently released a report on the company's alleged financial misconduct.
Read MorePost Title - India's Thirst for Russian Oil: Increased Imports and Opportunities Ahead
As India's crude oil imports hit a record high last year, the country's oil processors are open to buying even more Russian crude if the price is right.
Read MorePost Title - Market Tumbles on Monthly Derivative Expiry Day: Sensex, Nifty, and Bank Nifty Plunge
Indian stock markets faced a major setback on the monthly derivative expiry day, with the Sensex tumbling over 800 points, Nifty falling over 1% and Bank Nifty tanking 2%.
Read MorePost Title - Adani Group Under Fire: Hindenburg Research Accuses Indian Conglomerate of Decades-Long Stock Manipulation and Accounting Fraud
On Wednesday, shares of Adani Group companies traded in the red zone following a report by Hindenburg Research that accused the Indian conglomerate of participating in a clear stock manipulation and accounting fraud scheme over the course of decades.
Read MorePost Title - Navigating the Volatile Market: Five Factors to Watch Out for the Week
The market managed to eke out gains in yet another week of volatile and rangebound trade, and stayed in the green on the back of technology, metal, capital goods, oil and gas, and power stocks. Selling in healthcare, auto, and select FMCG stocks, however, capped the rise.
Read MorePost Title - Foreign Portfolio Investors withdraw funds from Indian Equities amid recession fears and Chinese market attraction
Foreign Portfolio Investors (FPIs) have pulled out a net amount of Rs 15,236 crore from Indian equity markets so far this month, due to concerns about the US economy entering a recession and the attractive Chinese markets.
Read MorePost Title - Revived Trade Hopes Boost US Markets, Nasdaq Powers Ahead After Alphabet Layoffs
The US markets saw a positive trend on Friday as trade hopes were revived once more. The Dow rose by 331 points, the S&P 500 by 74 points, and the Nasdaq by 288 points.
Read MorePost Title - Reviving a Strong Bond: India and Egypt Set to Strengthen Trade and Defence Relations During Sisi's Historic Visit
As Egyptian President Abdel Fattah al-Sisi becomes the first Egyptian leader to be the chief guest at India's Republic Day celebrations, the two nations are set to enhance their strategic partnership through a series of agreements.
Read MorePost Title - Revolutionizing Indian Agriculture and Disaster Management: Doppler Radar Network to Cover Entire India by 2025
The India Meteorological Department (IMD) has announced plans to expand the Doppler Weather Radar network across the entire stretch of India by 2025, in order to improve the accuracy of predictions for extreme weather events.
Read MorePost Title - Coforge Ltd Reports Strong Q3 Earnings, Declares Interim Dividend
Coforge Ltd, an Indian IT services company, recently announced its third quarter earnings for the three-month period ending December 2022.
Read MorePost Title - Tech Industry in Turmoil: Microsoft Joins the Layoff Spree with 10,000 Job Cuts
As the tech industry faces a slowdown, big companies are taking drastic measures to stay afloat. Microsoft, known for its profitability, has announced that it will be laying off 5% of its workforce, or 10,000 employees.
Read MorePost Title - IMF Chief Pushes for Reforms, Acknowledges India's Growth Potential as Investors Diversify from China
The International Monetary Fund's (IMF) Deputy Managing Director, Gita Gopinath, has acknowledged India's growth potential during the ongoing World Economic Forum (WEF) meeting at Davos.
Read MorePost Title - RIL Q3 Results - Misses estimates, Net profits at 17806 crore, down 13.30% on YoY basis
Reliance Industries, one of India's largest conglomerates, reported strong financial results for the third quarter of fiscal year 2023.
Read MorePost Title - FMCG Sector Gets a Boost: HUL's Q3 Results Show Strong Home Care Performance
Hindustan Unilever (HUL) has reported impressive financial results for Q3, with revenue growth of 16.3% to Rs 15,228 crore, net profit growth of 11.7% and volume growth of 5%.
Read MorePost Title - Morgan Stanley Predicts Bright Outlook for India's Fiscal Deficit with Focus on Infrastructure and Rural Spending
According to a recent report by American financial management company Morgan Stanley, India's fiscal deficit is expected to narrow to 5.9 percent of GDP in FY2024 from 6.4 percent in FY2023.
Read MorePost Title - Asian Paints Q3 Results: A Splash of Color in a Damp Quarter
Asian Paints, the leading paint manufacturer in India, recently released its Q3 results for the fiscal year 2022. Despite a challenging quarter, the company was able to report a 6.37% growth in consolidated net profit, coming in at Rs 1,097.06 crore.
Read MorePost Title - Budget Session 2023: Dates and Details Released
The budget session of the parliament will commence from 31 January, 2023, Union Parliamentary Affairs Minister Pralhad Joshi announced on January 13th.
Read MorePost Title - India Advances Market Efficiency with T+1 Settlement for Derivative Stocks
Indian stock exchanges have announced a major change in the settlement cycle for all stocks that have derivatives contracts.
Read MorePost Title - Indian Stock Market Volatility Continues as Private Financials Decline and IT Sector Rises
Monday's trading session on Dalal Street saw the Indian equity benchmarks Sensex and Nifty50 fluctuate throughout the day. The session was marked by a decline in private sector financial stocks, offset by gains in the IT sector.
Read MorePost Title - Siemens India Secures Record-Breaking Contract for Electric Freight Locomotives with Indian Railways worth Rs 26,000 crore
Siemens India has secured a major contract with the Indian Ministry of Railways for the manufacture of 1,200 electric freight locomotives.
Read MorePost Title - HDFC Bank Q3 Earnings Soar, Outperforming Market Expectations
HDFC Bank, India's leading private sector lender, has released its Q3 earnings report, showcasing impressive growth in net profit and consolidated advances.
Read MorePost Title - DMart Continues to Outperform Despite Market Challenges, Q3 Earnings Show Positive Growth
Avenue Supermarts, the company behind the popular DMart chain, has reported a rise in profit and revenue for the quarter ending December 2022.
Read MorePost Title - Indian Stock Market Ends the Week on a Positive Note
The Indian stock market closed the week on a positive note, with the BSE Sensex rising 360.81 points or 0.60 percent to end at 60,261.18, and the Nifty50 adding 97.15 points or 0.54 percent to end at 17,956.6 levels.
Read MorePost Title - India's Forex Reserves Dip by $1.268 Billion, Gold Reserves Rise
India's forex reserves have decreased by $1.268 billion to $561.583 billion for the week ending January 6, 2021, as per the Reserve Bank of India (RBI).
Read MorePost Title - Wipro Q3 Results: Tech giant surprises investors with Strong results ,exceeding market expectations
Wipro Limited, a leading technology services and consulting company, has announced its financial results for the quarter ended December 31, 2022.
Read MorePost Title - RBI Governor Calls Cryptocurrency 'Poor Gambling': Urges Government to Restrict its Growth
The Reserve Bank of India (RBI) Governor, Shaktikanta Das, has once again spoken out against the use of cryptocurrency in the Indian economy.
Read MorePost Title - Infosys Outshines TCS: Q3 Net Profit Soars 13% to Beat Market Expectations
Infosys, India's second-largest information technology (IT) services company, has reported strong financial results for its Q3, outperforming its largest rival TCS, which missed market estimates.
Read MorePost Title - US Inflation Slows in December, Meeting Expectations
The US Bureau of Labor Statistics has released its December inflation data, showing that consumer prices likely slowed for a sixth straight month.
Read MorePost Title - India's Wheat Production Set to Reach Record Highs as High Prices and Favorable Weather Conditions Drive Growth
India's wheat production is set to reach record highs this year, as high prices have prompted farmers to expand planting areas and opt for high-yielding varieties, according to news agency Reuters.
Read MorePost Title - Infosys Q3 Results Preview: All Eyes on the Blue-Eyed Boy as TCS Disappoints with its Results
After the disappointment of Tata Consultancy Services (TCS) failing to meet Street expectations, all eyes are now on Infosys' Q3 results for the October-December period, set to be released on January 12th.
Read MorePost Title - India's Credit Rating Stable in 2023, But Upcoming Elections May Affect Social Spending
According to a report from Moody's credit rating agency, India's sovereign credit rating is expected to remain stable in 2023, despite the approach of elections in 2024.
Read MorePost Title - FPIs Flee Indian IT Stock Markets in 2022 as Recession Fears Persist
Overseas fund managers have been steadily reducing their investments in Indian IT stocks since the beginning of last year due to concerns over a potential recession and decreased technology spending in the US and Europe.
Read MorePost Title - TCS Releases Q3 Results – Misses Market Estimates; Profit and Revenue See Modest Growth
Tata Consultancy Services (TCS), a leading Indian information technology company, has released its Q3 results for the fiscal year. The results showed a 4% quarter-on-quarter (QoQ) increase in profit to 108.5 billion rupees (Rs) ($1.47 billion) and a 5.3% QoQ rise in revenue to Rs 582 billion.
Read MorePost Title - Indian Markets See Strong Performance on Monday; Know what this week holds
On Monday, the Indian stock market saw a strong performance, with the Sensex jumping 850 points to regain the 60,000 mark and closing at 60,750.
Read MorePost Title - First week of 2023 ends with a big rally in U.S Markets
For the first time this year, the US markets ended in the positive territory with the Dow Jones Industrial Average was up by 700.53 points (2.13%) and closed at 33,630.61.
Read MorePost Title - TCS Q3 Earnings: TCS Results to Set the Tone for India's IT Industry in the Coming Months
TCS, India's largest IT company, is set to release its third quarter earnings on Monday. While the December quarter is typically weak for the IT sector, TCS is expected to see a moderate 1-2% sequential growth in consolidated revenue, according to estimates by brokerages.
Read MorePost Title - Global Market Trends continue to pressurize Indian Stock Markets on Friday
The Indian markets closed lower today i.e., 6 th December 2022 on the last trading day of the week, with the Sensex falling by 452.90 points (0.75%) to 59,900 and the Nifty dropping by 132.70 points (0.74%) to 17,859.50.
Read MorePost Title - India Launches Green Hydrogen Mission to Promote Sustainable Energy
India's cabinet has approved a project to promote the production and use of green hydrogen as a sustainable energy source. The green hydrogen mission aims to accelerate the development of green hydrogen technologies and infrastructure, with the goal of reducing India's reliance on fossil fuels and addressing climate change.
Read MorePost Title - Paytm's Phenomenal Rally: Can Shares Surpass the Rs 1,000 Mark?
In an impressive feat, Paytm's shares have witnessed a remarkable surge of over 100% in the past year, sparking interest among investors.
Read MorePost Title - Analyzing India's Leading IT Majors post Q2 Result : TCS, Infosys, and HCL Tech
The three IT giants, Tata Consultancy Services (TCS), Infosys, and HCL Technologies (HCL Tech), recently revealed their Q2 earnings, sparking discussions about which among them offers the most promising long-term prospects.
Read MorePost Title - Procter & Gamble's Robust Performance: Q1 Profit Soars Over 3-Fold to Rs 151 Crore
Procter & Gamble Hygiene and Health Care Ltd (PGHH), a prominent FMCG products manufacturer, has showcased impressive financial growth, with its Profit After Tax (PAT) skyrocketing over three-fold to reach Rs 151.24 crore during the June quarter. This substantial surge reflects the company's strong performance and strategic growth measures.
Read MorePost Title - ITC's Winning Streak Continues: Strong Q1 Results and Hotel Business Demerger Spark Optimism
The future looks brighter than ever for ITC as the conglomerate posts impressive Q1 results for FY24 and secures approval for the demerger of its hotel business. This strategic move has caught the attention of analysts, igniting a wave of positive outlooks for the company's growth trajectory and stock performance.
Read MorePost Title - Coal India Faces Setback: Shares Decline 2% After Ex-Dividend Trade
Coal India, a prominent public sector undertaking, witnessed a 2% drop in its shares on Friday due to trading ex-dividend. The company also reported a 10% decline in Q1 net profit to ?7,941 crore. This setback comes amid broader concerns in global markets and specific challenges in the Indian IT sector.
Read MorePost Title - Nazara Technologies' Share Review: What Brokerage houses and experts expect as share price is down 70% from All time High
Shares of Nazara Technologies have received a buy call from ICICI Securities, with a target price of Rs 700, indicating a 44% upside potential from current levels. Despite this optimistic outlook, the gaming tech firm's stock has declined by 70% from its all-time high of Rs 1,601. As of March 20, 2023, the stock hit an all-time low of Rs 481.95.
Read MorePost Title - Hindustan Zinc: A Promising Outlook for the Future
The dividend history of Hindustan Zinc has been impressive in FY23, as the state-owned company has delivered an annual dividend of ?49.50 per share through three interim dividends.
Read MorePost Title - Power Grid Corporation Ltd: Outlook, New Developments, Expected Outcome, Competitors, and CI Analysis
Power Grid Corporation Ltd (PGCIL) is an Indian state-owned company that operates and maintains power transmission assets.
Read MorePost Title - Tata Motors' Q3 Earnings Beat Expectations, Stock Soars 7%
Tata Motors, one of India's leading automobile manufacturers, has reported a strong Q3 performance for the fiscal year ending 2023.
Read MorePost Title - Tata Elxsi Q3 Review: Strong Technology and Design Capabilities Drive Growth
Tata Elxsi, a leading provider of system integration and software development, has reported strong financial results for its Q3.
Read MorePost Title - Boosting Affordable Housing: Anticipated Developments in Interim Budget 2024
As India eagerly awaits the presentation of the interim budget on Feb. 1, Finance Minister Nirmala Sitharaman is expected to make significant announcements.
Read MorePost Title - Maharashtra State Budget 2023: A Comprehensive Plan for the Welfare of Citizens
Maharashtra State Budget 2023 was announced on 9th March with a focus on the betterment of citizens' lives. The budget highlights a series of schemes and policies that cater to the needs of various sections of society.
Read MorePost Title - Union Budget 2023: New Measures for Agriculture Sector, Cut in Food Subsidy Draws Criticism
Finance Minister Nirmala Sitharaman presented the Union Budget 2023 on Wednesday, which included a number of measures for the agriculture sector.
Read MorePost Title - Role of CAPEX in Budget 2023-24, Let's understand
Capital expenditure (CAPEX) plays a crucial role in building infrastructure and boosting economic growth. The government's allocation towards CAPEX in the budget has a direct impact on the growth and development of the country.
Read MorePost Title - India's Union Budget: Pushing for Digital Transformation
The Union Budget 2023, presented by Finance Minister Nirmala Sitharaman, highlighted the government's efforts to drive digital transformation in India.
Read MorePost Title - Budget 2023: Choosing Between the Old and New Income Tax Regimes - Which One is Better for You?
The Budget 2023 presented by the Finance Minister has brought clarity to taxpayers by making the new income tax regime the default option. However, individuals will still have the option to choose the old tax regime if they wish to avail the benefits of various deductions and exemptions.
Read MorePost Title - Budget 2023: Pro-Growth and Prudent Approach Predicted by Experts
The Indian government is set to unveil its annual budget on February 1st, and experts are predicting a pro-growth and prudent approach.
Read MorePost Title - Budget 2023: A Blueprint for Economic Recovery and Growth
As India looks to recover from the economic challenges of the past year, the upcoming budget event is a crucial opportunity for the government to lay out a clear plan for economic recovery and growth.
Read MorePost Title - Budget 2023: Expectations for Tax Reforms, Incentives for Homebuyers and Gig Workers and proposed work from home culture
As Budget 2023 approaches, there are high expectations for growth-oriented policies that increase spending in infrastructure, healthcare, and education, while also maintaining fiscal prudence and stability in tax rates.
Read MorePost Title - Capital Gains Tax Reforms on the Horizon in Union Budget 2023: What to Expect
As the Indian economy continues to grow and evolve, the government is facing increasing pressure to modernise and streamline its tax systems. One area that has received particular attention is the capital gains tax, which is levied on the profits earned from the sale of capital assets.
Read MorePost Title - The Golden Surge: A Glittering Outlook for Gold Investors
Gold has shone brightly for investors, delivering an astounding 60% return over the last four years. If you invested in gold during Diwali 2019, you would now be reveling in a 60% increase in your domestic gold investments, states Motilal Oswal Financial Services.
Read MorePost Title - Unprecedented Drop in IT Industry Employment: A Shift in the Winds
In a significant development, the Indian IT industry is facing a historic challenge as the headcount at top IT companies experiences its first decline in over 25 years. This unexpected downturn is largely attributed to clients in the US and Europe cutting back on spending due to increasing economic and geopolitical uncertainties.
Read MorePost Title - RBI MPC Minutes: Focus on Disinflation Amid Rising Inflation
The Reserve Bank of India (RBI) has unveiled the minutes of the Monetary Policy Committee (MPC) meeting, shedding light on the current inflation situation. The committee acknowledges that India's headline inflation has exceeded the tolerance band and is diverging from its target.
Read MorePost Title - Morgan Stanley Upgrades India's Market Status and Downgrades China Amid Global Economic Shifts
Morgan Stanley, a renowned brokerage firm, has recently upgraded India's market status to overweight from equal weight, signifying a positive outlook for the nation's economy. This upgrade comes amidst the US losing its AAA status and China experiencing an economic slowdown.
Read MorePost Title - Rising CPI-Based Inflation and IIP Growth Slows in India
The rise in retail inflation, driven by food prices, poses challenges for the Indian economy. The increase in CPI-based inflation and the slowdown in IIP growth rate indicate the need for careful economic management.
Read MorePost Title - RBI Panel Proposes Measures to Internationalize the Rupee and Reduce Dollar Dependency
The RBI panel's recommendations highlight the potential for the internationalisation of the Indian rupee and reducing reliance on the US dollar. By implementing short-term, medium- term, and long-term measures, such as standardized invoicing, expanded settlement mechanisms, and increased global accessibility, India can strengthen the position of the rupee in international transactions.
Read MorePost Title - India's Current Account Deficit Narrows in Q1 2023 as Trade Gap Shrinks: RBI
India's current account deficit (CAD) in the January-March quarter of FY23 has shown a significant improvement, primarily driven by a reduction in the trade deficit and a notable increase in services exports, according to data released by the Reserve Bank of India (RBI).
Read MorePost Title - India and Egypt Strengthen Ties to Form a Strategic Partnership during PM Modi's Visit
During Prime Minister Narendra Modi's two-day visit to Cairo, India and Egypt solidified their relationship by signing a significant strategic partnership treaty. The agreement, which was initially discussed during Egyptian President Abdel Fattah el-Sisi's visit to India as the chief guest for the Republic Day parade, aims to enhance cooperation in various sectors such as trade, investment, defence, security, renewable energy, culture, and people-to-people ties.
Read MorePost Title - RBI Members Clash Over Rate Hikes Amid Growth Concerns
The latest minutes from India's monetary policy committee (MPC) meeting reveal a growing divergence among its members regarding the future trajectory of rate hikes. While some external members argue that further tightening could impede the economic recovery, the Reserve Bank of India (RBI) emphasises the need to curb inflationary pressures.
Read MorePost Title - Withdrawal of Rs 2000 Notes Boosts Real Estate, Gold, and Consumer Durables; Consumers and Industries React
The recent withdrawal of Rs 2000 notes from circulation has sparked a flurry of activity in various sectors of the economy. From increased sales in real estate, gold, and consumer durables to a surge in land deals and secondary market apartment sales, the impact of this decision is being felt across the country.
Read MorePost Title - Impact of El Nino & Increasingly Severe Cyclones on Indian Economy and Stock Market Raises Concerns
The impending El Nino effect on the upcoming monsoon season has raised concerns among analysts and economists regarding its impact on the Indian economy and financial markets. With the possibility of drought-like conditions and its potential consequences, such as reduced agricultural output and higher inflation, the repercussions of El Nino on India need careful consideration.
Read MorePost Title - India's GDP Surges to $3.75 Trillion, Ranks Fifth in Global Economy
India's economy has witnessed significant growth, with its gross domestic product (GDP) reaching the $3.75 trillion milestone in 2023, a substantial increase from around $2 trillion in 2014. As a result, India has ascended from the tenth to the fifth-largest economy in the world.
Read MorePost Title - Eurozone Slides into Recession as Inflation and Government Spending Weigh on Economic Output
The eurozone, consisting of 20 countries, entered a mild recession in the early part of this year, as high inflation dampened consumer spending and governments adopted tighter fiscal policies. Revised official data reveals that economic output in the eurozone declined by 0.1% in both the fourth quarter of 2022 and the first quarter of 2023.
Read MorePost Title - RBI Monetary Policy Committee Meeting Today: Anticipated Outcomes and Policy Outlook
The Reserve Bank of India's Monetary Policy Committee (MPC) is set to convene today to deliberate on key economic indicators and policy decisions. Market participants are eagerly awaiting the outcomes of the meeting, as the central bank's decisions will have significant implications for various sectors of the economy.
Read MorePost Title - India's Economy Surpasses Expectations: GDP Expands by 7.2% in FY23
India's economy has surpassed expectations by recording a growth rate of 7.2% in FY23, outperforming the official forecast of 7%. The robust expansion in sectors such as agriculture, construction, services, and a rebound in manufacturing during the March quarter contributed to this impressive growth.
Read MorePost Title - National Apprenticeship Programme: Empowering Companies through Engaging Interns and Financial Incentives
The National Apprenticeship Programme is a transformative initiative that aims to facilitate the engagement of interns by companies across India. This program not only provides valuable opportunities for aspiring professionals to gain practical experience but also offers financial incentives to participating companies.
Read MorePost Title - MCA V3 Portal Plagued by Glitches and Inefficiencies, Causing Chaos for CAs and Startups : Ease of Doing Business a Far fetched Dream
The Ministry of Corporate Affairs' (MCA) MCA 21 portal, aimed at streamlining compliance and enforcement of legal requirements, has come under fire from Chartered Accountants (CAs) and company secretaries. The latest version, V3, has been plagued with technical glitches, leading to significant challenges and delays in crucial processes such as company formation
Read MorePost Title - Positive Monsoon Forecast Boosts Economy and Market Prospects
The India Meteorological Department (IMD) has predicted a normal monsoon season for India in 2023. This forecast has positive implications for the economy and financial markets, particularly benefiting domestic consumption-focused companies, according to economists and analysts.
Read MorePost Title - RBI's Withdrawal of Rs 2,000 Notes to Have Minimal Impact on Economy, Experts Say
The Reserve Bank of India's (RBI) recent decision to withdraw Rs 2,000 notes from circulation is expected to have little effect on the country's economy. Economists emphasize that the limited share of these high-denomination notes in circulation and the extended deposit window will mitigate any significant economic impact.
Read MorePost Title - RBI to Withdraw Rs 2,000 Currency Notes: Here's What You Need to Know
In a recent announcement, the Reserve Bank of India (RBI) stated that it will be withdrawing the circulation of Rs 2,000 denomination banknotes. However, it emphasized that the existing Rs 2,000 notes will remain legal tender. To ensure a smooth transition, the RBI has provided details and clarifications regarding this decision.
Read MorePost Title - Mixed Outlook for Economic Growth as RBI's MPC Members Debate Prospects
The Reserve Bank of India's monetary policy committee (MPC) remains divided on the prospects of economic growth, according to the minutes of their April meeting. External members expressed concerns about slowing growth, while internal members appeared more optimistic.
Read MorePost Title - India's Economy and Development Goals at Risk Due to Killer Heat Waves: Study
A recent study has revealed that India's agriculture, economy, and public health are under unprecedented burdens due to killer heat waves. Climate change is also hindering the country's long-term efforts to reduce poverty, inequality, and illness.
Read MorePost Title - India's Economy Shows Signs of Fatigue as Growth Slows
India's economy is facing challenges due to high interest rates, causing both domestic and foreign demand to decrease. This has resulted in a slowdown of growth, as seen in the October-December period, with growth rates easing to 4.4%. These concerns have prompted the RBI to pause its aggressive tightening cycle in a decade.
Read MorePost Title - India's Forex Reserves Jump to Nine-Month High, Rupee Climbs Against US Dollar
India's foreign exchange reserves surged by $6.3 billion to reach a nine-month high of $584.76 billion for the week ending on April 7, as per the Reserve Bank of India's (RBI) statistical supplement. The increase was primarily due to the rise in foreign currency assets, which climbed by $4.74 billion to $514.431 billion.
Read MorePost Title - RBI Predicts Inflation to Remain High at 5.2% for FY24
The Reserve Bank of India (RBI) has projected a marginal easing in retail inflation to 5.2% for the current fiscal year, down from its February projection of 5.3%. However, Governor Shaktikanta Das has cautioned that the fight against inflation is far from over, and the outlook remains dynamic amid recent crude oil price jumps due to OPEC's decision to cut output.
Read MorePost Title - Robust GST Collections Reflect Strong Indian Economy
The Indian government has released data revealing that the Goods and Services Tax (GST) collection for March has been buoyant for 12 consecutive months. Despite global headwinds, the sustained buoyancy of the tax on consumption highlights the resilience of the Indian economy. The total gross collection for 2022-23 stands at over ?18 lakh crore, a 22% year-on-year jump.
Read MorePost Title - India's Rupee Weakens Against US Dollar in FY23: A Look at the Factors
The Indian Rupee weakened by 7.8% against the US dollar in the financial year 2022-23, marking the most significant depreciation in three years. The currency closed at 82.18 to a dollar, compared to 75.79 a year ago. The rupee's depreciation was a result of the geopolitical factors and the US Federal Reserve's interest rate hike, leading to high volatility in most major currencies.
Read MorePost Title - India's Blue Economy: Recent Developments and Challenges
India's coastline stretches for more than 7,500 kilometres, providing ample opportunities for the development of the Blue Economy. The Blue Economy includes activities related to marine resources, such as fisheries, aquaculture, tourism, shipping, and offshore energy production.
Read MorePost Title - India's Economic Outlook: Stability amidst Global Uncertainties
As the US Federal Reserve announces aggressive monetary tightening, the global financial system braces itself for yet another crisis. But how will this uncertainty impact India? Here are three charts that shed light on India's economic performance.
Read MorePost Title - Navigating the Complexities of Financial Crisis in 2023: Lessons Learned from 2008 and 2020
The financial crisis of 2008 was a contagion that swept across the world, while 2020 was a medical crisis that led to an economic crisis, both of which required significant intervention from central banks and governments to contain. However, in retrospect, central banks should have curtailed their stimulus measures in 2021 and started tightening.
Read MorePost Title - Navigating Through the Economic Turmoil: How Rising Inflation and Rate Hikes Affect the Common Populace of India
The Indian economy has been grappling with rising inflation and the possibility of rate hikes. Inflation has been on the rise for the past few months, and the Reserve Bank of India (RBI) is expected to increase interest rates to curb inflation.
Read MorePost Title - Iranian Nuclear Enrichment and Its Potential Impact on India and the Middle East
The Iranian nuclear enrichment program has been a topic of debate and tension for many years. Recently, Iran announced that it would resume uranium enrichment to 20% purity, a significant increase from the 3.67% allowed under the 2015 nuclear deal.
Read MorePost Title - India's Position to Strengthen Economic Ties through the G20 Summit Presidency
The Group of Twenty (G20) is a global forum comprising 19 countries and the European Union, representing over 80% of the world's GDP. India is set to assume the presidency of the G20 in 2023, providing an opportunity for India to strengthen its economic ties with other countries.
Read MorePost Title - Ukraine-Russia War Completion 1 Year Later: Impact on Indian Economy and Markets and Risk of Escalation to Cheap Oil Imports from Russia
On February 24, 2023, it marks the first anniversary of the ongoing conflict between Ukraine and Russia. The war started when Russia annexed Crimea in 2014, and the conflict has since escalated into an ongoing battle.
Read MorePost Title - India's Resilient Economy: A Beacon of Hope Amid Global Recession
The world is currently facing uncertain economic waters, with many developed economies showing signs of deceleration and a high risk of recession.
Read MorePost Title - India's Dream to Become a Superpower with the Best Economy
India has long been considered a rising economic power, and the country has set its sights on becoming a superpower with the best economy.
Read MorePost Title - UPI- The Revolutionising Payment System of India: An Insight
The Unified Payment Interface (UPI) has transformed the payment landscape in India since its launch in 2016. It has made digital payments easier and convenient, bridging the gap between customers and banks.
Read MorePost Title - Recession Fears Loom as Global Slowdown Threatens Indian Economy
As the world economy enters 2023 with hope, the International Monetary Fund (IMF) has warned that one-third of the world will be in recession this year.
Read MorePost Title - India shines at World Economic Forum's Davos 2023, attracting global investments and praise from leaders
The World Economic Forum's annual meeting in Davos, Switzerland concluded on Friday, with global leaders and economists praising India for its strong ability to attract global investments and its policies, such as the Product-Linked Incentive (PLI).
Read MorePost Title - Rising Tensions: Russia-Ukraine War on the Verge of Escalation- Trouble Ahead for Global Economy
The ongoing Russia-Ukraine war is on the brink of escalating into a major conflict in the coming months, with dire implications for the geopolitical scenario and markets around the world.
Read MorePost Title - India's Accelerated Ascent to a $10 Trillion Economy
India, currently a $3.1 trillion economy, has been making remarkable strides towards becoming a $10 trillion economy. It took India 60 years since Independence to become a one trillion-dollar economy, but the next trillion dollars was added in only 7 years.
Read MorePost Title - Navigating Tax Implications for Non-Residents: Selling Ancestral Property in India
As a non-resident planning to sell an ancestral property in India, it's crucial to comprehend the tax implications associated with such transactions. Whether the property is in Mumbai or any other location, the tax obligations remain consistent.
Read MorePost Title - Unlock the Glittering World of Sovereign Gold Bonds (SGBs) This Diwali
With Dhanteras fast approaching on November 10, 2023, the anticipation for investing in gold is growing among many Indians. Recent data from the Reserve Bank of India (RBI) reveals that Sovereign Gold Bonds (SGBs) have become a compelling investment option.
Read MorePost Title - Zomato vs. Paytm: Unveiling the Better Long-Term Investment
As internet stocks stage a recovery in 2023, it's crucial to assess their long-term investment potential. The internet sector has seen a resurgence in profitability, revenue growth, and cost reduction in recent quarters.
Read MorePost Title - Don't Let These 6 Excuses Halt Your Investment Journey
Investing is a crucial step towards securing your financial future, but many individuals find themselves delaying this important journey due to various excuses. It's time to debunk these myths and start your investment journey on the right path.
Read MorePost Title - Mastering Investment Diversity: Unveiling the Power of Portfolio Diversification
Investment wisdom dictates that putting all your eggs in one basket is a risky endeavour. The solution? A diversified investment portfolio. But the concept of diversification runs deeper than mere asset allocation. Delve into the world of portfolio diversification to understand its essence and benefits.
Read MorePost Title - Avoid Trouble: Correctly Report Deductions and Exemptions in ITR Filing to Prevent Penalties
When filing Income Tax Returns (ITR), taxpayers must exercise caution to accurately report their income and claim only eligible deductions and exemptions. Wrongful claims can result in penalties, fines, and even criminal charges for tax evasion. This article highlights the importance of avoiding mistakes in ITR filing and provides guidance on correcting erroneous deductions and exemptions.
Read MorePost Title - Sovereign Gold Bonds: Your Guide to the 2023-24 Scheme
The Indian government is set to launch two tranches of Sovereign Gold Bonds (SGBs) in the first half of 2021. The first tranche is now open for subscription from 19th to 23rd June, while the second tranche will open from 11th to 15th September. These bonds offer investors a regulated and secured avenue to invest in gold as an asset class.
Read MorePost Title - Analysing the Choice: PF or No PF - Weighing the Advantages and Disadvantages for Employees
One of the crucial decisions an employee faces regarding their financial future is whether to opt for the Employee Provident Fund (EPF) or not. The EPF is a savings scheme offered by the government that helps individuals build a corpus for their retirement.
Read MorePost Title - Demystifying Gift Taxes in India: Taxable and Exempt Categories as per the IT Act 1961
Understanding the intricacies of gift taxes in India is essential for individuals and businesses involved in the act of gifting. The Income Tax Act of 1961 outlines specific regulations regarding taxable and exempt categories of gifts.
Read MorePost Title - Ways to save your income tax in the new financial year
The government offers several tax-saving instruments like Public Provident Fund (PPF), National Savings Certificate (NSC), Equity-Linked Savings Scheme (ELSS), etc. Investing in these instruments can help you save taxes under Section 80C of the Income Tax Act.
Read MorePost Title - Three Ways to Utilize Exemptions Under Section 54 When Buying a New Home
When buying a new home, it is important to understand the tax implications and exemptions available under Section 54 of the Income Tax Act. Section 54 provides exemptions on capital gains tax when an individual sells a property and purchases a new one.
Read MorePost Title - Invest in ELSS Funds Before March 31 to Save Tax: Here's What You Need to Know
With the end of the financial year approaching, many taxpayers are considering various investment options to save tax. One such option is Equity Linked Savings Scheme (ELSS) that offers a dual benefit of exposure to equity instruments as well as tax saving under Section 80C of the Income Tax Act, 1961.
Read MorePost Title - Reduce Your Tax Bill Today: Last-Minute Income Tax Saving Options to Explore
The end of the financial year can be a stressful time for taxpayers as they try to find ways to save on their taxes. However, there are several last-minute income tax saving options that you can consider. The first step is to determine how much you need to invest for tax savings.
Read MorePost Title - Investment Avenues in India That Offer High Returns and Tax Benefits
Investing is an essential aspect of financial planning, and it is vital to choose the right investment options that offer high returns and tax benefits. India has various investment avenues, and here we discuss some of the best investment options that provide both high returns and tax deductions under Chapter VI A.
Read MorePost Title - Availing Benefits of Section 54 through Investments in Bonds - A Detailed View
Capital gains tax is a tax on the profit made from the sale of an asset, such as property or stocks. The Indian government provides certain exemptions under Section 54 of the Income Tax Act, which allows individuals to save tax on long-term capital gains made from the sale of a property.
Read MorePost Title - Where Should Investors Put Their Money as Indian Markets Remain at a Premium Compared to Other Global Peers?
The Indian equity markets have been trading at a premium in recent times. This can be attributed to several factors such as strong investor sentiment, robust earnings growth, and a healthy outlook for the Indian economy.
Read MorePost Title - Unlock the Secret to Investing in Real Estate: Five Key Factors to Consider Before Investing in a REIT in India
Real estate investment in India has always been a popular option for investors due to the steady growth and appreciation of property values.
Read MorePost Title - Why You Should Invest in SIPs at an Early Age in India
Investing in SIPs (Systematic Investment Plans) is a smart way to build wealth over time. SIPs are a flexible and convenient way to invest in mutual funds, particularly for those who are just starting their investment journey.
Read MorePost Title - Mastering the Market in 2023: Top Investment Strategies to Watch
While knowing the importance of making investments is essential, picking up on the ideal strategy to reap the best of these investments is equally important.
Read MorePost Title - Comparing Investment Options: A Look at Mutual Funds, ETFs, and Bonds in India
When it comes to investing, there are a variety of options available to individuals in India. Mutual funds, ETFs, and bonds are all popular choices, but each comes with its own unique set of benefits and drawbacks.
Read MorePost Title - Market Insights: Key Triggers for the Week Ahead
The upcoming week is poised to be a crucial one for investors, offering a blend of domestic and global factors that will guide market direction. Notable events on the horizon include the release of Q2FY24 results, monitoring of macroeconomic data, foreign fund inflows, fluctuating crude oil prices, and the ongoing Israel-Hamas conflict.
Read MorePost Title - TCS Set to Consider Share Buyback Amidst Strong Year-to-Date Performance
Tata Consultancy Services (TCS) has announced its plans to consider a share repurchase proposal on October 11, coinciding with the release of its second-quarter earnings. This article provides insights into TCS's recent stock performance, its history of returning value to shareholders, and the potential impact of the upcoming share buyback.
Read MorePost Title - Markets Rebound, But FPIs Sell Amid Volatility - RBI Interest Rate Decision Looms Ahead
The Indian stock markets experienced a rebound on Friday, putting an end to a three-day losing streak and closing in the green. However, this recovery came amidst persisting market volatility, and it marked the second consecutive week of overall decline.
Read MorePost Title - Nazara Technologies Reports Impressive Q1 Results with 31% Net Profit Surge
Shares of Nazara Technologies Ltd. witnessed a rise after the company reported a remarkable surge in profit for the quarter ended June. According to the exchange filing, the company's net profit for Q1 grew by an impressive 31% year-on-year, reaching Rs 20.9 crore.
Read MorePost Title - Explosive Growth: Premier Explosives' Stock Soars 102% in Two Weeks, Riding High on Solid Q1 Results
Premier Explosives (PEL), a leading defence company, has witnessed an astonishing surge in its stock price, soaring an incredible 102% in just two weeks. This remarkable growth was fueled by the company's outstanding performance in the first quarter of FY24, reporting a staggering six-fold increase in its consolidated profit to Rs 8.26 crore.
Read MorePost Title - Record-Breaking Surge: Sensex and Nifty Reach All-Time Highs Driven by Strong Market Sentiment
The Indian equity market witnessed a remarkable rally today as both the Sensex and Nifty achieved unprecedented levels, supported by notable gains in banking, financial, and capital goods stocks. The surge was further fueled by a strengthening rupee and increased foreign capital inflows, providing a significant boost to investor sentiment.
Read MorePost Title - Tech Stocks Slide as Nifty IT Index Drops 2%, Led by Persistent, Coforge, and Mphasis
The Nifty IT index experienced a significant decline of 2% as all its components closed in the red. The IT sector is grappling with challenging economic conditions in crucial global markets, leading to a downward trend. This article examines the reasons behind the fall in tech stocks and its impact on the Nifty IT index.
Read MorePost Title - Key Sectors to Consider for Investment as Indian Stock Market Gains Momentum
The Indian stock market is experiencing a favourable climate, with substantial foreign fund flows, impressive quarterly results by India Inc., strong macroeconomic indicators, and market-friendly economic policies. The Sensex and the Nifty are on the verge of reaching their all-time high levels.
Read MorePost Title - Consumer Sentiment and Economic Indicators Reflect Uncertainty in the US Market - First signs of recession worldwide?
Consumer sentiment in the United States is facing a decline due to increased uncertainty surrounding the economy and concerns about the potential default of the US government's debt. In May, consumer sentiment fell sharply to a six-month low of 57.7, compared to 63.5 in April, which was well below the estimated level of 63.
Read MorePost Title - India's Stock Market Outlook Relies on Inflation Figures
The Indian stock market saw cumulative gains this week, but the session on Friday closed with sharp losses due to profit booking and banking stock declines. The recent collapse of Silicon Valley Bank, as well as other banks, has sent ripples across the global banking industry and raised fears of a contagion effect across economies.
Read MorePost Title - Global Market Insights 28th April 2023 : Tech Stocks Boost US Markets, Job Cuts in Major Companies, and Regulatory Reports Awaited
In today's global market insights, we highlight the positive performance of US markets driven by strong earnings from mega-cap tech stocks. However, Amazon faced a setback in the aftermarket. Additionally, significant job cuts have been announced by companies like Disney, Stellantis, Lyft, and Gap.
Read MorePost Title - Equity Markets to be Driven by Global Trends and Foreign Fund Trading Activity
As the holiday-shortened week begins, analysts predict that the equity markets will be primarily driven by global trends and foreign fund trading activity.
Read MorePost Title - Have Indian Markets decoupled from the American stock markets?
In recent years, Indian markets have become increasingly decoupled from American markets, signalling a shift in the global economy. This divergence has come as a surprise to many, as traditionally, Indian markets have followed American markets closely.
Read MorePost Title - Comparing Tata Power and Adani Power: Which Stock is Poised for Short-Term Growth?
Investors often look for short-term opportunities in the stock market. In the Indian power sector, two major players are Tata Power and Adani Power.
Read MorePost Title - Global Market in Turmoil: Economic Growth Concerns and Cost-Cutting Measures Take a Toll
Asian markets are set to open lower as growth concerns and cost-cutting measures continue to pose a threat to the business environment.
Read MorePost Title - Global Market Insights: US Markets Rebound on Trade Hopes, Inflation and Growth Forecasts in Spotlight
The global markets have been in a state of flux in recent times, with the ongoing trade tensions and the impact of the COVID-19 pandemic keeping investors on their toes.
Read MorePost Title - 5 Money Tips for the New Financial Year
As we step into the new financial year of 2024-25, it's like a fresh beginning to shape our money matters. Let's explore five simple strategies, inspired by Indian wisdom, to make our financial future brighter and more secure.
Read MorePost Title - Super Tax Savings: Harnessing the Power of Hindu Undivided Family (HUF)
Are you a married Hindu looking to optimize your tax savings? Look no further than the Hindu Undivided Family (HUF). Zerodha's Nithin Kamath sheds light on this lesser-known yet powerful tax-saving avenue.
Read MorePost Title - FY 2024-25 approaching: Here's the brief on Tax Regimes: A Comprehensive Guide
Choosing between the old and new tax regimes is a pivotal decision for both professionals and salaried taxpayers. While the new regime boasts simplicity and lower tax rates, the old regime retains numerous benefits that continue to appeal to many individuals. Here’s a detailed exploration of both regimes to empower you in making an informed choice.
Read MorePost Title - Navigating the Gold Monetisation Scheme 2023: A Step-by-Step Guide
Dive into the intricacies of the Gold Monetisation Scheme 2023, designed to offer short, medium, and long-term deposit options, allowing investors to earn interest on their idle gold. Here's your comprehensive guide to eligibility, benefits, and the application process.
Read MorePost Title - Get Financial Wisdom: Mastering the Art of Money Management
In the realm of investments, success often hinges on mastering fundamental questions that lay the groundwork for sound financial decisions. Delving into the nuances of how much one 'can' and 'should' invest provides a compass for effective money management.
Read MorePost Title - Unveiling the Financial Puzzle: Decoding Credit Scores and Reports for Success
In the intricate world of finance and banking, credit scores and reports take center stage. From payment apps to traditional banks, the emphasis on checking your credit score and reviewing your credit report is undeniable.
Read MorePost Title - Wealth Growth Strategies: FD vs PF vs SIP - Navigating the Investment Landscape
Delving into the intricacies of wealth multiplication is crucial for any investor. The annual returns required to amplify an initial investment vary across different avenues, reflecting both the chosen investment vehicle and the investor's risk appetite.
Read MorePost Title - Mastering Festive Finances: A Guide to Financial Bliss During Diwali 2023
As Diwali approaches, the excitement of festivities is often accompanied by financial concerns. Navigating the delicate balance between celebration and fiscal responsibility is crucial.
Read MorePost Title - Empowering Green Financing for Sustainable Transport: Key Strategies
The challenge of reducing emission intensity in the transport sector is more pressing than ever, with the number of vehicles on Indian roads multiplying sixfold in this decade.
Read MorePost Title - MCA Urges Timely Filing of Annual Returns to Avoid Penalties
The Ministry of Corporate Affairs (MCA) has issued a reminder to businesses, emphasizing the importance of adhering to due dates for filing annual returns and financial statements for the fiscal year 2023.
Read MorePost Title - Strategic Investments to Reduce Taxable Income and Secure Your Child's Future
Salaried individuals often seek ways to maximise tax savings by leveraging exemptions and deductions while calculating their taxable income. However, another critical financial aspect is planning for significant expenses associated with raising and educating a child.
Read MorePost Title - Navigating the Small-Cap Investment Craze: Timing and Strategy
Small-cap funds have been capturing the attention of investors due to their impressive Compounded Annual Growth Rates (CAGR). However, while timing is often considered crucial in the world of investments, it's essential to recognize that it's not the sole determinant of success when it comes to small-cap funds.
Read MorePost Title - GSTN Revolutionizes ITC Management with New Ledger: A Step-by-Step Guide for Taxpayers
In a significant move towards simplifying compliance and enhancing transparency, the Goods and Services Tax Network (GSTN) has introduced a groundbreaking Electronic Credit and Re-claimed Statement (ECRS) ledger.
Read MorePost Title - Rethinking Financial Freedom and Early Retirement: Beyond the Illusion
Finding joy in early retirement might seem alluring, but the reality often falls short of expectations. Many envision quitting their job at 40, amassing wealth, and living in leisure. However, this seemingly simple plan is laden with complexities that can lead to dissatisfaction and unmet dreams.
Read MorePost Title - Charting Your Path to Financial Freedom in the Digital Age: Five Innovative Investment Avenues
As the landscape of financial opportunities evolves, attaining financial independence has assumed a novel significance. With possibilities and challenges intertwined in the modern age, achieving financial freedom has never been more crucial.
Read MorePost Title - Faster Income Tax Refunds Await: Check Status Online and Beware of Phishing Scams
Are you eagerly awaiting your income tax refund? While the refund process typically takes 20-45 days after filing and verifying your Income Tax Return (ITR), this year brings good news as the tax department has expedited the processing using advanced technology.
Read MorePost Title - Mastering Self-Assessment Tax: Avoid Mistakes and Pay Online Effortlessly
Understanding and managing self-assessment tax is vital for every taxpayer. It ensures proper tax compliance and helps avoid penalties and interest charges. Cleartax provides step-by-step guidance on calculating self-assessment tax. However, taxpayers often make errors while filing, leading to potential complications.
Read MorePost Title - Tax Relief for Senior Citizens: ITR Filing 2023 Simplified for Some
As the deadline for income tax return (ITR) filing for FY 2022-23 approaches, senior citizens aged 75 and above may find some respite. The Income Tax Act's Section 194P, introduced in Budget 2021, offers relief to select senior citizens from filing income tax returns, provided they meet specific eligibility criteria.
Read MorePost Title - Monsoon Protection Made Easy: Your Guide to Essential Insurance Plans for the Rainy Season in India
As the monsoon season approaches, it's crucial to prepare for the potential risks and uncertainties that come with heavy rainfall and flooding. To safeguard yourself and your belongings, it's essential to understand the different types of insurance available in India specifically designed to offer protection during the monsoon
Read MorePost Title - Mastering Monsoon: 6 Essential Car Insurance Terms You Should Know
As the monsoon season brings heavy rains and potential damage to vehicles, it is crucial to have a comprehensive understanding of car insurance terms. Familiarising yourself with key terms such as Insured Declared Value (IDV), deductibles, and add-ons like zero depreciation and engine protection can prove invaluable when selecting a car insurance policy.
Read MorePost Title - Decoding Home Loans for Tax Savings: Is it Wise to Opt for a Home Loan Solely for Tax Benefits?
While tax benefits are an attractive aspect of home loans, it is essential to take a holistic view. Committing substantial funds solely for the purpose of claiming tax benefits may not be advisable. It is crucial to weigh other factors such as financial feasibility, long-term goals, and market conditions before making a decision regarding property purchase.
Read MorePost Title - Maximising Your Income Tax Refunds: A Comprehensive Guide for AY 2022-2023
As the deadline for filing Income Tax Returns (ITR) for the financial year 2022-23 approaches, it's essential to understand the intricacies of claiming income tax refunds. A tax refund occurs when the taxes paid on your behalf exceed your tax liability, making you eligible for a refund.
Read MorePost Title - Avoid Tax Troubles: Essential Disclosures to Include in Your Income Tax Returns
As the deadline for filing income tax returns approaches, it's crucial to pay attention to the required disclosures to prevent your returns from being rejected. Failure to provide accurate and complete information can lead to notices from the tax authorities.
Read MorePost Title - Maximising Tax Benefits for Senior Citizens: Exemptions and Deductions Explained
Under the old tax regime, senior citizens enjoy a higher exemption limit of ?3 lakh, while super senior citizens (80 years and above) have an exemption limit of ?5 lakh. However, in the new tax regime, both senior and super senior citizens receive a basic exemption limit of ?2.5 lakh, similar to regular taxpayers.
Read MorePost Title - Growth Mutual Fund vs. Dividend Mutual Fund: Making the Right Investment Choice
When it comes to investing in mutual funds, choosing between growth and dividend options can be a crucial decision for investors. The optimal choice depends on various factors, including taxable income and tax regime. In this article, we explore the advantages of each option to help investors make an informed decision.
Read MorePost Title - Benefits and Advantages of Filing Income Tax Returns (ITR) without Taxable Income
The Income Tax (I-T) Department has opened its portal for individuals to file their income tax returns (ITR) for the assessment year 2023-24. Many salaried individuals mistakenly believe that they don't need to file ITR if they don't have a tax liability. However, there are exceptions to this rule, and filing ITR is necessary even if the income is below the basic exemption limit.
Read MorePost Title - Understanding Tax Refunds: Deadlines, Processing, and Exemptions
Tax refunds are an essential aspect of income tax filing, providing relief to taxpayers by returning excess taxes paid. However, understanding the deadlines for receiving tax refunds and the eligibility for exemptions is crucial. This article aims to clarify the timeline for tax refund processing, steps to check the refund status, and the implications of transferring funds to a spouse's bank account for tax exemption purposes.
Read MorePost Title - Enhancing Bank Locker Security: Why Signing the Revised Agreement Matters
Bank locker holders have been receiving notifications from their banks urging them to sign revised locker agreements by June 30, 2023. These revised agreements aim to improve the safety of bank lockers. Experts explore the reasons behind this requirement and how it will benefit customers by enhancing the security of their lockers.
Read MorePost Title - Maximize Your Income Tax Return: 5 Pitfalls to Avoid
Filing your income tax return can be a daunting task, but it doesn't have to be overwhelming. To ensure a smooth and successful filing experience, it's essential to steer clear of common mistakes. Here are five pitfalls you must avoid when filing your ITR, along with valuable tips to optimise your returns.
Read MorePost Title - Important Financial Deadlines in June: Pan-Aadhar Link, Bank Locker Agreement, and More
As the month of June approaches, there are several crucial financial deadlines that taxpayers and bank customers in India need to keep in mind. Failing to meet these deadlines may result in fines and penalties. From linking PAN and Aadhaar cards to complying with new bank locker agreement rules, staying informed about these deadlines is essential to avoid any adverse consequences.
Read MorePost Title - Higher Leave Encashment Limit of Rs 25 Lakh: A Boost for Non-Government Employees
The Central Board of Direct Taxes (CBDT) has raised the tax exemption limit for leave encashment on retirement for non-government salaried employees to Rs 25 lakh, up from the previous limit of Rs 3 lakh. This relief, announced in the Union Budget 2023 by Finance Minister Nirmala Sitharaman, came into effect on April 1, 2023.
Read MorePost Title - A Comprehensive Guide to Preparing Your Income Tax Return: Documents and Steps
As the income tax filing season rolls around, it's important to gather all the necessary documents and information to ensure a smooth and accurate filing process. Filing your income tax return (ITR) correctly is crucial for staying compliant with the tax regulations and avoiding penalties.
Read MorePost Title - Choosing the Right Mutual Fund for Long-Term Investment Success: A Comprehensive Guide
Selecting the right mutual fund (MF) is crucial for long-term investment success. The performance of a fund depends on various factors, including the management process followed by the Asset Management Company (AMC) and the fund managers.
Read MorePost Title - Secure Your Child's Future with Sukanya Samriddhi Yojana: A Risk-Free Investment
Planning for your child's future is essential, and Sukanya Samriddhi Yojana (SSY) provides a government-backed small savings scheme in India to help parents save for their girl child's long-term financial needs. With attractive interest rates and tax benefits, this risk-free investment option ensures a secure future for your child.
Read MorePost Title - Government Introduces 20% TCS on International Credit Card Transactions, Making Foreign Travel More Expensive
In a move that will impact travellers and international online shoppers, the Indian government has recently announced the introduction of a 20% Tax Collected at Source (TCS) on all credit card transactions made abroad. Effective from July 1, 2023, this measure aims to regulate foreign remittances and generate additional revenue.
Read MorePost Title - Simplifying Income Tax Return Filing with ITR Form 2: Know Who Should Use It
Filing income tax returns is a crucial financial responsibility that ensures transparency and helps the government assess tax liabilities accurately. The Income Tax Return (ITR) form 2 is specifically designed for individuals and Hindu Undivided Families (HUFs) who do not have income from profits and gains of business or profession.
Read MorePost Title - Crackdown on GST Fraud: Special Drive Launched to Safeguard Government Revenue
In a concerted effort to tackle GST fraud and safeguard government revenue, the Central and State tax administrations in India have launched a two-month special drive. This initiative aims to detect suspicious/fake Goods and Services Tax Identification Numbers (GSTINs) and take necessary action against fraudulent billers.
Read MorePost Title - GST E-Invoice Limit Reduced to Rs. 5 Crores from August 1st, 2023
The Central Board of Indirect Taxes and Customs (CBIC) has made an important amendment to the GST regulations, reducing the turnover limit for generating E-Invoices to Rs. 5 crores. This change will come into effect from August 1st, 2023, and will impact businesses in India.
Read MorePost Title - Empowering Employment: Exploring the Atmanirbhar Bharat Rojgar Yojana Scheme in EPFO
The Atmanirbhar Bharat Rojgar Yojana (ABRY) scheme, introduced by the Indian government, aims to boost employment opportunities and provide financial relief to both employers and employees. Implemented through the Employees' Provident Fund Organization (EPFO), this scheme offers several benefits that contribute to the growth and stability of the workforce.
Read MorePost Title - ONDC: Revolutionizing E-Commerce in India and Empowering Small Retailers
The Open Network for Digital Commerce (ONDC) is a groundbreaking e-commerce protocol launched by the Department of Promotion of Industry and Internal Trade (DPIIT) of the Ministry of Commerce in India in April 2020. The primary goal of ONDC is to democratize e- commerce and empower small retailers and businesses to sell their products or services directly to customers, without the need for a third-party application.
Read MorePost Title - Green Finance: Paving the Path to India's Sustainable Future
India's remarkable economic growth has come with significant environmental challenges. Pollution, deforestation, and climate change have adversely impacted both human health and economic development. However, the Indian government has recognized the need for sustainable development and has embraced green finance as a key strategy.
Read MorePost Title - Brace Yourself! Major Income Tax Rule Changes You Need to Know for FY 2023-24
Are you ready for the new financial year 2023-24 starting from April 1? The Union finance minister Nirmala Sitharaman's announcements from the annual Feb 1 Budget will take effect from April 1. Brace yourself as some significant changes in income tax rules will kick in from 1st April 2023, affecting taxpayers like you.
Read MorePost Title - How to File an ITR-U Form to Rectify Income Tax Return Mistakes
Have you made mistakes or forgotten to report income in your income tax return? Don't worry, the Income Tax Act provides an opportunity for taxpayers to rectify their mistakes by filing an updated return, also known as an ITR-U form.
Read MorePost Title - EPFO Raises Interest Rates to 8.15% for FY23, Reversing a Four-Decade Low
The Employees' Provident Fund Organisation (EPFO) has announced that it will raise the interest rate on employees' provident fund (EPF) deposits to 8.15% for the financial year 2022-23. This decision comes after the interest rate was lowered to a four-decade low of 8.1% in March 2022, down from 8.5% in 2020-21.
Read MorePost Title - Foreign Remittance Certificates: Why They are Necessary and the Role of Filing 15CA/15CB
Sending money abroad has become increasingly common in today's globalized world. Whether it is for business purposes, education, travel or simply to support loved ones, remitting money overseas has become a routine for many. However, with the increase in cross-border transactions, the Indian government has made it mandatory to obtain a Foreign Remittance Certificate (FRC) for all foreign remittances.
Read MorePost Title - New Taxation Rules for Mutual Funds: What You Need to Know
The Indian government has recently passed the Finance Bill, which includes changes in the taxation of mutual funds. These changes will come into effect from 1st April 2023, and they will have a significant impact on the mutual fund investors. In this article, we will discuss the new taxation rules for mutual funds and analyze their implications.
Read MorePost Title - Know the factors which may result in Input Tax credit in GST being blocked
The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. One of the significant advantages of the GST system is the input tax credit (ITC) mechanism. Input tax credit is the tax paid by a registered taxpayer on inputs and input services used in the course of business, which can be claimed as a credit while paying output tax.
Read MorePost Title - Reduce Your Tax Bill Today: Last-Minute Income Tax Saving Options to Explore
The end of the financial year can be a stressful time for taxpayers as they try to find ways to save on their taxes. However, there are several last-minute income tax saving options that you can consider. The first step is to determine how much you need to invest for tax savings.
Read MorePost Title - Bank Borrowings Surge to Record High in FY23 as Liquidity Shrinks ; Reliance on short term funds increases
Bank borrowings have reached an all-time high in the current financial year, crossing the Rs 5 trillion mark for the first time. The surge in bank borrowings is due to the tightening of liquidity conditions and booming credit growth, leading to a higher reliance on short-term funding.
Read MorePost Title - The Fragility of the Global Financial System: An Analysis of Recent Crisis- SVB Collapse and Possible Contagion?
The world has experienced several crises in recent times, including the 2008 financial crisis and the 2020 pandemic-induced economic crisis. In retrospect, central banks' stimulus measures should have been curtailed earlier to prevent potential inflation.
Read MorePost Title - Failure to Respond to Income Tax Notices in India Can Lead to Severe Consequences
The income tax department of India sends notices to taxpayers for various reasons such as non-payment of taxes, non-filing of returns, incorrect filing of returns, and other issues related to income tax.
Read MorePost Title - India's UPI and PayNow tie-up signals a push for a third way in global payments
Last week, the central banks of Singapore and India announced a new system for cross-border cash transfers. The partnership between Singapore's PayNow and India's Unified Payments Interface (UPI) was celebrated in India as the first step towards creating a new global payments system for the developing world.
Read MorePost Title - Take Control of Your Finances: 5 Proven Strategies for Monitoring and Framing Your Budget
Managing your finances can seem overwhelming, but it doesn't have to be. By implementing a few simple strategies, you can take control of your budget and ensure that you are always in the black.
Read MorePost Title - Cryptocurrencies and Their Risks in India with RBI's Stance
Cryptocurrencies have gained immense popularity in recent years, with many individuals investing in them as an alternative to traditional investments.
Read MorePost Title - The Future of Financial Services: How Digital Technology is Changing the Game
The financial services industry is undergoing a major transformation, as digital technology continues to disrupt traditional business models and create new opportunities.
Read MorePost Title - Last-Minute Tax Planning: Top 5 Investment Options for Maximizing Savings
As the tax filing deadline approaches, many individuals are scrambling to find ways to maximize their tax savings. While it may seem like a daunting task, there are still several investment options that can help you reduce your tax liability at the last minute.
Read MorePost Title - SIP Investment in Mutual Funds: A Promising Outlook for 2023
The start of the New Year is a time to reflect on the past and look ahead with excitement and anticipation of the upcoming year.
Read MorePost Title - Gold prices hit record high; Know what the investors should do?
Gold prices in India hit an all-time high on January 12th, reaching Rs 56,245 per 10 grams, surpassing the previous record of Rs 56,191 hit in August 2020.
Read MorePost Title - Discover the Golden Basket: Emerging Investment Avenues in India and the Benefits of a Diverse Portfolio
Are you looking for new and exciting ways to invest your money? Do you want to diversify your portfolio and potentially earn higher returns?
Read MorePost Title - Entrepreneurial Ventures Under 3 Lakh Rupees: Turn Ideas into Reality
Embarking on a business journey might seem like a daunting task, but with a solid idea and unwavering determination, you can craft your own success story. Here are five exciting business opportunities that require an investment of less than 3 lakh rupees
Read MorePost Title - Top 5 Businesses in India with the Highest Earnings Potential in 2023
The Indian economy is one of the fastest growing in the world, and with it comes a growing demand for new businesses and services. In 2023, there are a number of industries that are poised to experience significant growth, and with it, the potential for high earnings.
Read MorePost Title - Role of ROC's to be reduced in a bid to promote Ease of doing business in the country
The Indian government is striving towards digitizing the process of company incorporation by reducing the role of the Registrar of Companies (ROCs) in the process. The aim is to make the process more transparent and efficient, leading to a more business-friendly environment in the country.
Read MorePost Title - India's Ease of Doing Business to Soar with Compliance Reduction and Decriminalization of Legal Provisions
India's ranking in the Ease of Doing Business report by The World Bank has improved significantly, from 142nd in 2014 to 63rd in 2022.
Read MorePost Title - Indian Government Aims to Revolutionize Business Through ESG Goals
The Indian government has announced its plan to revolutionize the business landscape in India by integrating Environmental, Social, and Governance (ESG) goals into its plans and laws.
Read MorePost Title - Unlock the Potential of Your Business with Digital Transformation
In today's fast-paced digital era, businesses that don't embrace technology and digitization risk being left behind. In order to thrive and stay ahead of the competition, companies must take advantage of the various digital tools and technologies available to them.
Read MorePost Title - Breaking the Debt Cycle: The Importance of Monitoring Loans
The ease of obtaining loans has made it easier for people to fulfill their financial needs, but it also makes it easier for them to fall into debt. Uncontrolled borrowing can quickly spiral into a vicious cycle of high interest debt that can be difficult to escape.
Read MorePost Title - Ease of Doing Business: Government's Multi-Level Approach to Reach Ground Level
Finance Minister Nirmala Sitharaman announced on Sunday that the central government is engaging with states and local administrations to ensure that benefits of Ease of Doing Business (EoDB) initiatives reach the ground level.
Read MorePost Title - Why this is the best time to start a business!
Starting your own business is a big challenge, but also an exciting opportunity. It requires hard work and dedication but can be extremely rewarding. If you’re thinking about starting a new business venture, now could be the perfect time to do so.
Read MoreFebruary 15, 2025 - First Issue
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