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Company Update : Apollo Tyres Ltd by Yes Securities Aiming to elevate return profile over mid-term Valuation and View APTY in its analyst meet reiterated vision FY26 to achieve revenues of ~USD5b (v/s Rs3.1b in FY23), EBITDA margins of >15% (v/s ~13.5% in FY23), RoCE of 12-15% (v/s 10.1% in FY23). The management continues to hint towards moderate capex (~Rs11b of which Rs6.5b in India in FY24E). By FY26, APTY aims ROCE in the range of 12-15%. Net debt to EBITDA is expected to remain below 2x (1.4x in FY23). APTY is well placed with a ...
Company Update : Apollo Tyres Ltd by Yes Securities
Company Update : Apollo Tyres Ltd by Yes Securities
Source: Yes Securities Ltd
3/07/2023 2:31:10 PM
Trident gains as its arm incorporates wholly owned subsidiary in Netherlands Trident is currently trading at Rs. 33.78, up by 0.24 points or 0.72% from its previous closing of Rs. 33.54 on the BSE. The scrip opened at Rs. 33.71 and has touched a high and low of Rs. 33.90 and Rs. 33.60 respectively. So far 299336 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 43.75 on 21-Jul-2022 and a 52 week low of Rs. 25.10 on 27-Mar-2023. Last one week high and low of the scrip stood at Rs. 33.90 and...
Trident gains as its arm incorporates wholly owned subsidiary in Netherlands
Trident gains as its arm incorporates wholly owned subsidiary in Netherlands
Source: Accord Fintech
19/06/2023 10:37:25 AM
Investment in Indian markets through participatory notes rises to Rs 95,911 crore in April-end The Securities and Exchange Board of India (SEBI) in its latest data showed that investment in the Indian capital markets through participatory notes has seen an upward trend in the past two months, with the number reaching Rs 95,911 crore in April-end, primarily driven by the country's robust economic growth. This was the highest level since November 2022, when investment through the route stood at Rs 96,292 crore. Participatory notes (P-notes) are issued by registered Foreign Portfolio ...
Investment in Indian markets through participatory notes rises to Rs 95,911 crore in April-end
Investment in Indian markets through participatory notes rises to Rs 95,911 crore in April-end
Source: Accord Fintech
31/05/2023 11:09:43 AM
April GST collections: Robust, reasonable: Experts Experts are voicing mixed views - robust, reasonable - on the Rs 1.87 trillion of goods and services tax (GST) collections made in April 2023 up from about Rs 1.60 trillion for March 2023. "The GST collections displayed a robust year-end uptick with a 12% expansion in April 2023, representing the transactions in March 2023," said Aditi Nayar, Chief Economist, Head - Research & Outreach, ICRA Ltd. "While collections have maintained a healthy 11-13 per cent growth in th...
April GST collections: Robust, reasonable: Experts
April GST collections: Robust, reasonable: Experts
Source: IANS
2/05/2023 12:23:15 PM
US dollar may not go down further, rupee to gain in short term: Emkay Global The US dollar may not go down much against other currencies in the near future as the potential for further rate hikes are there and flight to safety during uncertainties, Emkay Global Financial Services said in a report. The Indian rupee may gain some ground due to year end repatriations and once the supply dwindles the currency may become weaker again, it said. According to the report, the US dollar has conceded some ground to the other major currencies compared to the levels that wer...
US dollar may not go down further, rupee to gain in short term: Emkay Global
US dollar may not go down further, rupee to gain in short term: Emkay Global
Source: IANS
19/04/2023 3:14:48 PM
Indian banks` gross NPAs likely to decline 90 bps to less than 5% in FY23: Assocham-Crisil study A joint study carried out by Assocham-Crisil Rating has unveiled that gross Non-Performing Assets (NPAs) of Indian banks are expected to decline 90 basis points (bps) to less than five per cent in FY23 and hit a decadal low of sub-four per cent by March 31, 2024. The study attributed the decline in gross NPAs to the post-Covid economic recovery and higher credit growth. It said the biggest improvement would be in the corporate loan segment, where gross NPAs are seen falling below two per c...
Indian banks` gross NPAs likely to decline 90 bps to less than 5% in FY23: Assocham-Crisil study
Indian banks` gross NPAs likely to decline 90 bps to less than 5% in FY23: Assocham-Crisil study
Source: Accord Fintech
10/03/2023 11:26:43 AM
Exclusive-G20 host India to propose China, other creditors take haircuts on loans  India is drafting a proposal for G20 countries to help debtor nations badly hit by the economic fallout from the pandemic and Ukraine war, by asking lenders including China, the world's largest sovereign creditor, to take a large haircut on loans. Two Indian government sources told Reuters of the proposal as finance ministers and central bank chiefs from the Group of 20 prepared to meet in Bengaluru next week. The gathering will be the first major event of India's one-year pr...
Exclusive-G20 host India to propose China, other creditors take haircuts on loans
Exclusive-G20 host India to propose China, other creditors take haircuts on loans
Source: Reuters
15/02/2023 2:43:52 PM
Vedanta trades higher on the BSE Vedanta is currently trading at Rs. 334.35, up by 12.50 points or 3.88% from its previous closing of Rs. 321.85 on the BSE. The scrip opened at Rs. 324.00 and has touched a high and low of Rs. 336.50 and Rs. 322.35 respectively. So far 500108 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 440.75 on 11-Apr-2022 and a 52 week low of Rs. 206.10 on 01-Jul-2022. Last one week high and low of the scrip stood at Rs. 3...
Vedanta trades higher on the BSE
Vedanta trades higher on the BSE
Source: Accord Fintech
31/01/2023 2:27:01 PM
Godrej Properties inches up on inking pact to purchase land parcel in Khalapur Godrej Properties is currently trading at Rs. 1164.75, up by 0.65 points or 0.06% from its previous closing of Rs. 1164.10 on the BSE. The scrip opened at Rs. 1160.15 and has touched a high and low of Rs. 1169.35 and Rs. 1152.00 respectively. So far 2535 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1791.85 on 03-Feb-2022 and a 52 week low of Rs. 1130.20 on 20-Jun-2022. Last one week high and low of the scrip ...
Godrej Properties inches up on inking pact to purchase land parcel in Khalapur
Godrej Properties inches up on inking pact to purchase land parcel in Khalapur
Source: Accord Fintech
31/01/2023 11:04:46 AM
Welspun India Q3 profit misses view as inflation bites Home textiles manufacturer Welspun India reported a bigger-than-expected 68% slump in third-quarter profit on Monday as rising inflation pushed consumers to scale back spending on discretionary items. The bedsheet-maker's consolidated net profit fell to 423.8 million rupees ($5.20 million) for the quarter that ended Dec. 31 from 1.32 billion rupees a year earlier, Welspun India said in an exchange filing. Analysts had, on average, expected a profit of 609.5 million rupees, according...
Welspun India Q3 profit misses view as inflation bites
Welspun India Q3 profit misses view as inflation bites
Source: Reuters
30/01/2023 4:34:25 PM
Tech Mahindra Q3 profit slides as expenses jump on macro challenges India's Tech Mahindra reported a fall in third-quarter profit on Monday, hurt by higher expenses and a subdued performance by its communications division. The company's consolidated net profit fell 5.3% to 12.97 billion rupees ($159.15 million) for the quarter-ending Dec. 31, from 13.69 billion rupees a year earlier. "We are witnessing moderation in growth, given the tough macroeconomic environment," CP Gurnani, chief executive officer said. Large Indian IT service ...
Tech Mahindra Q3 profit slides as expenses jump on macro challenges
Tech Mahindra Q3 profit slides as expenses jump on macro challenges
Source: Reuters
30/01/2023 4:03:19 PM
Pharmaceuticals sector update : Domestic formulations expected to support growth By ICICI Direct Domestic formulations expected to support growth… The I-direct Pharma universe is likely to witness decent growth during the quarter on a YoY basis, mainly led by continued traction in the domestic formulations business, which is poised to maintain a normalised growth trajectory of ~10% YoY during the quarter. The US portfolio is also expected to deliver decent growth amid favourable currency movement and new launches. The universe (13 coverage companies) is expected to post ~13% gr...
Pharmaceuticals sector update : Domestic formulations expected to support growth By ICICI Direct
Pharmaceuticals sector update : Domestic formulations expected to support growth By ICICI Direct
Source: ICICI Direct Ltd
27/01/2023 2:31:02 PM
Jio True 5G services now available in Guwahati Reliance Jio launched its 5G services in Guwahati on Tuesday, and according to the company, by December 2023, Jio True 5G services would be made available across Assam. Chief Minister Himanta Biswa Sarma launched the Jio True 5G services at an event in the Kamakhya temple complex here. At the event, Jio demonstrated the benefits of 5G in the field of healthcare through the Jio Community Clinic medical kit, and the AR-VR device, Jio Glass. According to a statement issued by the compan...
Jio True 5G services now available in Guwahati
Jio True 5G services now available in Guwahati
Source: IANS
11/01/2023 10:50:47 AM
We want to push India`s $1 trillion digital economy dream: Satya Nadella As India embarks on its digital journey with full steam, Microsoft wishes to move in and provide every part of its tech stack to the country and its innovators, to help it become the $1 trillion digital economy as the country spends more on its tech sector, the company's Chairman and CEO Satya Nadella said here on Thursday. Nadella told IANS that India's tax spend as a percentage of its GDP is becoming normalised when compared to the developed world, and is now among the top 10 cou...
We want to push India`s $1 trillion digital economy dream: Satya Nadella
We want to push India`s $1 trillion digital economy dream: Satya Nadella
Source: IANS
5/01/2023 2:07:19 PM
India`s retail vehicle sales dip in December, to take hit in Q4 - dealers` body BENGALURU - Retail sales of vehicles in India could take a hit in the final quarter of the fiscal year, an automobile dealers' body said on Thursday while reporting a more than 5% year-on-year fall in sales for December at 1.62 million units. India has mandated automakers to comply with stricter fuel efficiency norms from April 2023, aimed at reducing carbon emissions. This, the Federation of Automobile Dealers Associations (FADA) said, would trigger further price hikes and result in w...
India`s retail vehicle sales dip in December, to take hit in Q4 - dealers` body
India`s retail vehicle sales dip in December, to take hit in Q4 - dealers` body
Source: Reuters
5/01/2023 9:43:33 AM
Reliance Retail Ventures Limited acquires METRO Cash & Carry India Private Limited METRO India, a wholly owned subsidiary of METRO AG, operates cash and carry stores primarily under ‘METRO’ brand in India, with a unique history of 19+ years of experience and innovation in B2B segment The acquisition will add uniquely positioned multi-category large format stores to Reliance Retail’s store footprint across India and further strengthen its new commerce business Reliance Retail Ventures Limited (‘RRVL’), a subsidiary of Reliance Industries L...
Reliance Retail Ventures Limited acquires METRO Cash & Carry India Private Limited
Reliance Retail Ventures Limited acquires METRO Cash & Carry India Private Limited
Source: PR Agency
22/12/2022 9:50:43 AM
63 moons technologies bags `Asia`s Most Trusted Company` award 63 moons technologies ltd, domestic fintech leader and creator of next-gen digital marketplaces, on Tuesday said the company has been recognised and honoured with "Asia's Most Trusted Companies" Award by the International Brand Consulting (IBC) Corporation, US, for being the "Best Technology Solution Provider of Asia". "We are delighted to see that our organisation has received global recognition at the international forum. We were among the Top 50 carefully ch...
63 moons technologies bags `Asia`s Most Trusted Company` award
63 moons technologies bags `Asia`s Most Trusted Company` award
Source: IANS
20/12/2022 4:49:04 PM
Over 7 in 10 employers keen to hire in services sector in India India is leading with the highest hiring intent in certain sectors despite the ongoing global inflation and layoffs in the IT-tech sector, and close to 77 per cent employers are keen to increase their resource pool in the services sector in the period of January-March 2023, a report showed on Tuesday. Overall, across services and manufacturing sectors, an average of 68 per cent employers (65 per cent in FYQ3) have expressed a strong hiring sentiment, according to TeamLease Services, a lead...
Over 7 in 10 employers keen to hire in services sector in India
Over 7 in 10 employers keen to hire in services sector in India
Source: IANS
20/12/2022 1:42:55 PM
Note in circulation witnesses annual growth of 7.98% to Rs 31.92 lakh crore as of December: Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman has said note in circulation (NiC) has witnessed an annual growth of 7.98 per cent to Rs 31.92 lakh crore as of December 2, 2022. She said the demand for currency depends upon several macroeconomic factors, including economic growth and level of interest rates. The quantum of cash or banknotes in the economy depends on the requirement for meeting the demand for banknotes due to GDP growth, inflation, replacement of soiled banknotes and growth in non-cash mo...
Note in circulation witnesses annual growth of 7.98% to Rs 31.92 lakh crore as of December: Finance Minister Nirmala Sitharaman
Note in circulation witnesses annual growth of 7.98% to Rs 31.92 lakh crore as of December: Finance Minister Nirmala Sitharaman
Source: Accord Fintech
20/12/2022 12:32:25 PM
How Mobavenue is driving consumers online for e-commerce players As India's e-commerce industry is poised for tremendous growth, leading growth and tech platform Mobavenue is empowering brands, agencies and publishers with MadTech (MarTech and AdTech) solutions to drive acquisition, growth, engagement and monetisation, the company said on Tuesday. According to Kunal Kothari, Co-founder and Chief Growth Officer, Mobavenue Media Private Limited, the company is working towards the growth and marketing needs of global and local e-commerce players trying...
How Mobavenue is driving consumers online for e-commerce players
How Mobavenue is driving consumers online for e-commerce players
Source: IANS
20/12/2022 12:11:53 PM
India will work to promote universal sense of oneness as G20 President : Prime Minister Narendra Modi With India formally assuming the G20 Presidency from Thursday, Prime Minister Narendra Modi in an article to commemorate the occasion said that the country will work to promote the universal sense of one-ness. Starting from December 1, India will assume the presidency until November 30, 2023. "The previous 17 Presidencies of the G20 delivered significant results -- for ensuring macro-economic stability, rationalising international taxation, relieving debt-burden on countries, among...
India will work to promote universal sense of oneness as G20 President : Prime Minister Narendra Modi
India will work to promote universal sense of oneness as G20 President : Prime Minister Narendra Modi
Source: IANS
1/12/2022 2:19:56 PM
India November factory activity hits 3-month high as inflation cools India's factory activity expanded at its fastest pace in three months in November, a private survey showed on Thursday, signalling resilient demand despite deteriorating global economic conditions as input cost inflation fell to a two-year low. Consumer inflation in South Asia's largest economy eased significantly in October to 6.77% from September's five-month high of 7.41%, indicating price rises may moderate and providing some succour to manufacturers. The Manufacturing P...
India November factory activity hits 3-month high as inflation cools
India November factory activity hits 3-month high as inflation cools
Source: Reuters
1/12/2022 11:37:54 AM
September quarter GDP numbers in line with expectations, says Chief Economic Advisor : V. Anantha Nageswaran Even as the September quarter GDP growth halved to 6.3 per cent compared to 13.5 per cent growth seen in June quarter, Chief Economic Advisor V. Anantha Nageswaran on Wednesday said that the growth is in line with expectations. Nageswaran said that at this rate of economic recovery, the current fiscal growth is expected to be in the range of 6.8 per cent to 7 per cent. Commenting on price rise, the CEA said that retail inflation may have peaked and is likely to ease in the coming months...
September quarter GDP numbers in line with expectations, says Chief Economic Advisor : V. Anantha Nageswaran
September quarter GDP numbers in line with expectations, says Chief Economic Advisor : V. Anantha Nageswaran
Source: IANS
1/12/2022 11:17:01 AM
S&P Global forecasts India's growth at 6% for 2023, 7% for 2022 Pegging India's gross domestic product (GDP) growth at seven per cent for 2022 and six per cent for 2023, global credit rating agency S&P Global Ratings said the forecast has been lowered by 0.5 per cent for next two fiscal years. In a research report S&P Global Ratings said India's forecast has been lowered by 0.5 percentage points for the next two fiscal years on slower global demand. Regional growth remains healthy overall. Meanwhile at global level, S&P Global Ra...
S&P Global forecasts India's growth at 6% for 2023, 7% for 2022
S&P Global forecasts India's growth at 6% for 2023, 7% for 2022
Source: IANS
1/12/2022 10:23:32 AM
Index of eight core industries rise by 0.1% in October The combined index of eight core industries increased by 0.1 per cent in October 2022 as compared to the index of October 2021. The production of fertilisers, steel, coal and electricity generation increased in October 2022 over the corresponding month of last year, according to a data released by the Commerce ministry said. Fertilisers production increased by 5.4 per cent in October, 2022 over October, 2021. Its cumulative index increased by 10.5 per cent during April to October, 2022-...
Index of eight core industries rise by 0.1% in October
Index of eight core industries rise by 0.1% in October
Source: IANS
1/12/2022 10:08:30 AM
India stocks to rise 9% by end-2023 despite slowing economy  India's stock market, which rallied to a record high this week, is forecast to rise another 9% by the end of 2023 despite widespread expectations of a gradual slowdown in the economy, according to market experts polled by Reuters. The benchmark BSE Sensex Index touched an all-time record high of 62,887.40 on Tuesday, surging more than 23% from this year's low of 50,921.22 hit on June 17. Among the 17 stock indices which Reuters polls on, only India's are at record highs. ...
India stocks to rise 9% by end-2023 despite slowing economy
India stocks to rise 9% by end-2023 despite slowing economy
Source: Reuters
30/11/2022 10:35:48 AM
SBI Cards and Payment Services rises on partnering with TSSC SBI Cards And Payment Services is currently trading at Rs. 817.30, up by 4.60 points or 0.57% from its previous closing of Rs. 812.70 on the BSE. The scrip opened at Rs. 813.10 and has touched a high and low of Rs. 823.50 and Rs. 813.10 respectively. So far 54193 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1028.75 on 17-Aug-2022 and a 52 week low of Rs. 656.10 on 20-Jun-2022. Last one week high and low of t...
SBI Cards and Payment Services rises on partnering with TSSC
SBI Cards and Payment Services rises on partnering with TSSC
Source: Accord Fintech
29/11/2022 4:02:43 PM
ICICI Bank gains on launching digital lending solution `iLens` ICICI Bank is currently trading at Rs. 946.30, up by 9.85 points or 1.05% from its previous closing of Rs. 936.45 on the BSE. The scrip opened at Rs. 933.70 and has touched a high and low of Rs. 949.90 and Rs. 933.70 respectively. So far 241852 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 949.90 on 29-Nov-2022 and a 52 week low of Rs. 642.00 on 07-Mar-2022. Last one week high and low of the scrip stood at Rs....
ICICI Bank gains on launching digital lending solution `iLens`
ICICI Bank gains on launching digital lending solution `iLens`
Source: Accord Fintech
29/11/2022 3:39:25 PM
Piramal Enterprises surges on planning to raise up to Rs 250 crore through NCDs Piramal Enterprises is currently trading at Rs. 822.75, up by 2.35 points or 0.29% from its previous closing of Rs. 820.40 on the BSE. The scrip opened at Rs. 818.05 and has touched a high and low of Rs. 827.10 and Rs. 818.05 respectively. So far 8770 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,617.82 on 13-Dec-2021 and a 52 week low of Rs. 785.00 on 18-Nov-2022. Last one week high and low of the scrip sto...
Piramal Enterprises surges on planning to raise up to Rs 250 crore through NCDs
Piramal Enterprises surges on planning to raise up to Rs 250 crore through NCDs
Source: Accord Fintech
29/11/2022 2:58:27 PM
Airtel 5G Plus goes live in Patna Bharti Airtel on Monday announced the launch of its cutting-edge 5G services in Patna. The Airtel 5G services are currently operational at Patna Sahib Gurudwara, Patna Railway Station, Dak Bungalow, Maurya Lok, Bailey Road, Boring Road, City Centre Mall, Patliputra Industrial Area and a few other select locations. Airtel said it will augment its network making its services available across the city in due course of time. "Airtel customers can now experience ultrafast network and...
Airtel 5G Plus goes live in Patna
Airtel 5G Plus goes live in Patna
Source: IANS
28/11/2022 3:37:40 PM
Railway stocks changing to fast track on the bourses The share prices of the Indian Railway sector companies seem to be chugging fast on the stock bourses track. The major listed companies catering to the railway sector are: Indian Railway Catering and Tourism Corporation Ltd (IRCTC), Container Corporation of India Ltd, Indian Railway Finance Corporation, IRCON International Ltd, Texmaco Rail and Engineering Ltd, BEML Ltd, Bharat Electronics Ltd, Rail Vikas Nigam Ltd and RailTel Corporation of India Ltd. According to analysts, the share p...
Railway stocks changing to fast track on the bourses
Railway stocks changing to fast track on the bourses
Source: IANS
28/11/2022 3:30:02 PM
FSN E-Commerce Ventures jumps on recording 75% growth in GMV on Day 1 of Pink Friday sale FSN E-Commerce Ventures is currently trading at Rs. 178.30, up by 2.30 points or 1.31% from its previous closing of Rs. 176.00 on the BSE. The scrip opened at Rs. 176.15 and has touched a high and low of Rs. 180.65 and Rs. 173.35 respectively. So far 283630 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 429.86 on 26-Nov-2021 and a 52 week low of Rs. 162.91 on 28-Oct-2022. Last one week high and low of the scrip...
FSN E-Commerce Ventures jumps on recording 75% growth in GMV on Day 1 of Pink Friday sale
FSN E-Commerce Ventures jumps on recording 75% growth in GMV on Day 1 of Pink Friday sale
Source: Accord Fintech
28/11/2022 2:42:57 PM
TARC surges on receiving Occupation Certificate for premium residential project in Gurugram TARC is currently trading at Rs. 42.05, up by 1.05 points or 2.56% from its previous closing of Rs. 41.00 on the BSE. The scrip opened at Rs. 41.35 and has touched a high and low of Rs. 43.00 and Rs. 41.35 respectively. So far 28525 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 60.60 on 17-Jan-2022 and a 52 week low of Rs. 32.50 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 43.00 and Rs....
TARC surges on receiving Occupation Certificate for premium residential project in Gurugram
TARC surges on receiving Occupation Certificate for premium residential project in Gurugram
Source: Accord Fintech
28/11/2022 2:29:14 PM
EaseMyTrip zooms on introducing special programme EMTPRO for elite customers Easy Trip Planners is currently trading at Rs. 68.70, up by 3.70 points or 5.69% from its previous closing of Rs. 65.00 on the BSE. The scrip opened at Rs. 66.70 and has touched a high and low of Rs. 69.10 and Rs. 65.10 respectively. So far 1060488 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 73.50 on 24-Nov-2022 and a 52 week low of Rs. 30.00 on 06-Dec-2021. Last one week high and low of the scrip stood at R...
EaseMyTrip zooms on introducing special programme EMTPRO for elite customers
EaseMyTrip zooms on introducing special programme EMTPRO for elite customers
Source: Geojit Financial Services Ltd
28/11/2022 2:20:57 PM
Zydus Lifesciences inches up as its arm receives USFDA`s approval for Levothyroxine Sodium for Injection Zydus Lifesciences is currently trading at Rs. 402.65, up by 0.85 points or 0.21% from its previous closing of Rs. 401.80 on the BSE. The scrip opened at Rs. 402.10 and has touched a high and low of Rs. 404.80 and Rs. 402.10 respectively. So far 1015 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 487.00 on 03-Jan-2022 and a 52 week low of Rs. 319.40 on 11-May-2022. Last one week high and low of the scrip stood ...
Zydus Lifesciences inches up as its arm receives USFDA`s approval for Levothyroxine Sodium for Injection
Zydus Lifesciences inches up as its arm receives USFDA`s approval for Levothyroxine Sodium for Injection
Source: Accord Fintech
28/11/2022 10:36:28 AM
Indian shares open marginally lower on China COVID woes  Indian stocks opened lower on Monday, tracking weakness in global markets, as sentiment took a hit due to protests in major Chinese cities against the country's strict zero-COVID policy. The benchmark S&P BSE Sensex opened down 0.23% to 62,150.97, while the NSE Nifty 50 index fell 0.19% to 18,477.35, before erasing all the opening losses. Nifty MidCap 100 and Nifty SmallCap 100 outperformed their larger peers, rising 0.34% and 0.47%, respectively. The slide followed a d...
Indian shares open marginally lower on China COVID woes
Indian shares open marginally lower on China COVID woes
Source: Reuters
28/11/2022 8:49:26 AM
India`s Adani to invest $4 billion in petrochemical complex - Media Indian billionaire Gautam Adani is planning to invest more than $4 billion in a petrochemical complex in the state of Gujarat, he said in an interview with the Financial Times on Friday. Adani, Asia's richest person, plans to launch a "super app" in the next three to six months to connect Adani airport passengers with other Adani Group services, according to the report.
India`s Adani to invest $4 billion in petrochemical complex - Media
India`s Adani to invest $4 billion in petrochemical complex - Media
Source: Reuters
25/11/2022 1:40:52 PM
India`s growth could slow down next year: Moody`s Global ratings agency Moody's Analytics in a report titled "Asia Pacific (APAC) Outlook: A Coming Downshift", which released on Thursday, has said that India is looking at a slower growth next year. However, at the same time, it has noted that investments and productivity gains in technology and agriculture could push its growth. "Risks to this outlook are largely balanced. On the upside, inward investment and productivity gains in technology, as well as in agricultur...
India`s growth could slow down next year: Moody`s
India`s growth could slow down next year: Moody`s
Source: IANS
25/11/2022 11:21:37 AM
South Korean financial regulator reviewing Apple Pay service for launch South Korea's financial regulator is currently reviewing terms and conditions for the Apple Pay service for launch in the country. Hyundai Card is expected to introduce Apple Pay pilot service within this year at the earliest. With the advent of Apple Pay, the second-largest global payment company, interest in the related industry is growing as to whether there will be a change in the structure between credit card companies and financial platforms as well as the domestic simple paym...
South Korean financial regulator reviewing Apple Pay service for launch
South Korean financial regulator reviewing Apple Pay service for launch
Source: IANS
24/11/2022 4:06:32 PM
Tax collections to cross budget estimates in current fiscal, says government Domestic tax collections will exceed the budget estimate by nearly Rs 4 lakh crore in the current fiscal owing to higher income tax, customs duty, and GST collections, the government said on Wednesday. Revenue Secretary Tarun Bajaj was quoted as saying that the growth in tax revenues will continue to be higher than the GDP growth, owing to better compliance. Tax collection target for the current fiscal is pegged at Rs 27.50 lakh crore. Bajaj also that the direct tax collections consi...
Tax collections to cross budget estimates in current fiscal, says government
Tax collections to cross budget estimates in current fiscal, says government
Source: IANS
24/11/2022 10:16:00 AM
Jio True 5G services now available in Pune Jio on Wednesday announced that Jio True 5G will now be available in Pune, offering unlimited 5G data at speeds of up to 1Gbps. Starting November 23, Jio users in Pune will be invited to the Jio Welcome Offer, to experience unlimited data, at no additional cost, according to an official report. "Post the launch of Jio True 5G in 12 cities, large number of Jio users have enrolled into the Jio Welcome Offer thereby helping Jio with customer and service feedback to create what will be...
Jio True 5G services now available in Pune
Jio True 5G services now available in Pune
Source: IANS
24/11/2022 9:45:48 AM
India likely to grow at 6.5-7.1% in current fiscal: Deloitte India may record a growth in the range of 6.5 per cent to 7.1 per cent during the current financial year 2022-23 mainly due to rising inflation and expectations of a global slowdown, Deloitte India said in a report. Deloitte expects "India to post a 6.5-7.1 per cent growth during 2022-23 and 5.5-6.1 per cent the following year contingent on the revival of the global economy and improving economic fundamentals." India's gross domestic product (GDP) grew by 8.7 per cent in 2...
India likely to grow at 6.5-7.1% in current fiscal: Deloitte
India likely to grow at 6.5-7.1% in current fiscal: Deloitte
Source: IANS
20/11/2022 3:17:27 PM
Qualcomm doubles down on 5G with Jio to connect 100 mn Indian homes With the initial roll-out of 5G in India, global chip-maker Qualcomm has bolstered its efforts with Reliance Jio to help it fast connect 100 million homes through its 5G fixed wireless accessAincluding the millimetre wave (mmWave), a top company executive has said. Qualcomm is working very closely with Reliance Jio to provide its chipset platforms for the 5G fixed wireless access and the Open RAN 5G network. "Reliance Jio is taking the benefits of 5G at scale to the people in India...
Qualcomm doubles down on 5G with Jio to connect 100 mn Indian homes
Qualcomm doubles down on 5G with Jio to connect 100 mn Indian homes
Source: IANS
18/11/2022 11:58:11 AM
Indian-American named president of Tufts University Indian-American academician Sunil Kumar has been appointed the next president of Massachusetts-based Tufts University -- the first person of colour to occupy the position. Kumar, Provost and Senior Vice President for academic affairs at Johns Hopkins University, succeeds President Anthony P. Monaco on July 1, 2023. "Sunil Kumar brings to Tufts a lifelong commitment to excellence in higher education and an exceptionally strong record as a leader, teacher, and colleague," said P...
Indian-American named president of Tufts University
Indian-American named president of Tufts University
Source: IANS
18/11/2022 10:40:07 AM
India considers plan to reduce short-term borrowing as yields surge - Media The Indian government is considering a proposal to bring down its treasury-bill sales in the upcoming quarter, Bloomberg News reported on Tuesday, citing people familiar with the matter. India could try to avoid incremental borrowing through the bills and only borrow to meet its previous repayment needs in the upcoming quarter, the report said. One option for the government would be to cancel sales if the yields demanded by investors prove to be too steep, the report added.
India considers plan to reduce short-term borrowing as yields surge - Media
India considers plan to reduce short-term borrowing as yields surge - Media
Source: Reuters
15/11/2022 4:04:55 PM
India Food Inflation - Moderation in Sight? Food inflation has always been a wild card. In October, food and beverages component of Consumer Price Index (CPI) increased by 7 per cent y/y. It had averaged 7.6 per cent during April-October vs. headline CPI of 7.1 per cent. From early this year, various food components have been volatile. Starting with concerns of a spike in edible oil and wheat prices (and in general from higher fertiliser prices) after the onset of the Russia-Ukraine war, this was followed by heatwave like conditions...
India Food Inflation - Moderation in Sight?
India Food Inflation - Moderation in Sight?
Source: IANS
15/11/2022 3:21:29 PM
Visiting India at a pivotal moment for global economy: US Treasury Secretary Janet Yellen US Treasury Secretary Janet Yellen on Friday described the timing of her visit to India at "a pivotal moment for the global economy" when the world is dealing with lingering effects of the Covid-19 pandemic and spillovers from Russian President Vladimir Putin's "barbaric war" in Ukraine. Speaking after visiting the Microsoft campus in Noida, Yellen said: "We are dealing with a confluence of headwinds. The lingering effects of the pandemic, spillovers from Putin...
Visiting India at a pivotal moment for global economy: US Treasury Secretary Janet Yellen
Visiting India at a pivotal moment for global economy: US Treasury Secretary Janet Yellen
Source: IANS
11/11/2022 1:40:55 PM
Mahindra & Mahindra Financial Services trades jubilantly despite reporting 55% fall in Q2 consolidated net profit Mahindra & Mahindra Financial Services is currently trading at Rs. 211.70, up by 18.10 points or 9.35% from its previous closing of Rs. 193.60 on the BSE. The scrip opened at Rs. 201.20 and has touched a high and low of Rs. 212.95 and Rs. 201.20 respectively. So far 921587 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 235.00 on 15-Sep-2022 and a 52 week low of Rs. 127.95 on 07-Mar-2022. Last one week high ...
Mahindra & Mahindra Financial Services trades jubilantly despite reporting 55% fall in Q2 consolidated net profit
Mahindra & Mahindra Financial Services trades jubilantly despite reporting 55% fall in Q2 consolidated net profit
Source: Accord Fintech
3/11/2022 11:02:53 AM