Today HCL Tech announced its Q3 FY23 results after the market closed on Thursday. HCL Tech reported a 19.3% YoY growth in total income at Rs 26,960 crore in Q3 FY23 as against Rs 22,586 crore in the same quarter last year. HCL Tech reported a 18.9% YoY increase in total expenses to Rs 21,588 … Read more
On Thursday 29 December, Eicher Motors Ltd announced a strategic investment and collaboration with Spain-based Stark Future SL to advance the electric motorcycle space. Two-wheelers account for 20% of India’s total carbon dioxide emissions, due to which many companies are investing heavily in electric vehicles. Royal Enfield’s parent company Eicher Motors will buy a 10.35% … Read more
On Friday 21 October, Reliance Industries Limited (RIL) announced that it would soon demerge its financial services business to form a new company Jio financial services limited (JFSL). Reliance Strategic Investments Limited (RSIL) is a wholly-owned subsidiary of Reliance Industries Limited (RIL) which currently carries out its business of providing loans to merchants and consumers. … Read more
HLE Glascoat Limited is a leading manufacturer of Glass Lined Equipment and Filtration & Drying Equipment. The company has a market share of up to 50% in Filtration & Drying Equipment and up to 25% in Glass Lined Equipment in India. HLE Glascoat Limited has approved an equity stock split of 10 for 2 at … Read more
India’s largest private lender HDFC Bank on Saturday announced the results of Q2 FY2022-23. HDFC Bank’s net profit grew by 20% to Rs 10605.78 crore in Q2 of FY 2022-23 from Rs 8834.31 crore in Q2 of FY 2021-22. HDFC Bank’s net revenue grew by 18.3% to Rs 28,869.8 crore in Q2 of FY2022-23 as … Read more
Today the share price of Dr Reddy’s Laboratories Ltd rose by 1.92% to Rs 4419 as LIC increased its stake in the company. LIC (Life Insurance Corporation of India) has purchased 3,386,486 shares in Dr Reddy’s Laboratories Limited through open market purchase at an average price of Rs 4289.29, the company said on Monday, October … Read more
The share price of Federal Bank rose by 5.62% to Rs 119.35 today as the bank announced its FY23 Quarter 2 Result. Federal Bank Gross Advances grew by 19.4% year-on-year to Rs.163956 crore in Quarter 2 (i.e. July 2022- September 2022) of FY23 as compared to Rs.137313 crore in the same period last year. Gross … Read more
India’s domestic economic recovery in FY 2021-22 boosted import demand while India’s external sector remained resilient and safe-haven demand for gold expanded the trade deficit from October 2021 to March 2022 time period. But strong capital inflows, dominated by strong exports and foreign direct investment (FDI), eased the pressure on the current account balance. In … Read more
According to GST revenue data released on Saturday 1 October, the gross GST revenue collected in the month of September 2022 increased from 26% year-to-year to Rs 1,47,686 crore as against Rs 1,17,010 crore in the month of September 2021. The gross GST revenue in August 2022 was Rs 1,43,612 crore, while September 2022 increased … Read more
In Budget 2022, Indian Finance Minister Nirmala Sitharaman had said that 5G in 2022 and BharatNet broadband will be ready by 2025. Apart from this, Indian Prime Minister Narendra Modi, while addressing the nation on the 75th Independence Day, had said that 5G services are going to start in India soon. Prime Minister Narendra Modi … Read more
On Tuesday, September 20 NDTV (New Delhi Television Limited) said in a regulatory filing that founders Radhika Roy and Prannoy Roy and their investment company RRPR Holding Pvt Ltd have moved the Supreme Court against the July 2022 order of the Securities Appellate Tribunal (SAT). The Securities Appellate Tribunal (SAT), in its order dated July … Read more
On Monday 19 September, OYO filed an addendum to the Draft Red Herring Prospectus (DRHP) filed earlier for its initial public offering (IPO) in October 2021 with the Securities and Exchange Board of India (SEBI). OYO (formally Oravel Stays Limited) disclosed its latest financials in the IPO filing addendum in which OYO’s revenue stood at … Read more
On Tuesday 13 September, the joint venture between Vedanta and Taiwan base Foxconn Group announced that it will open a new semiconductor and chip manufacturing plant in Gujarat. Vedanta is the third company to announce a chip plant in India. Earlier Singapore-based IGSS Ventures signed an MoU (Memorandum of understanding) with the Tamil Nadu state … Read more
Indian stock market touched a significant milestone of 10 crore Demat accounts in August 2022. A total of 22 lakh new Demat accounts were opened in the month of August. Now the total Demat account in India is 10,05,10,862 crores which is a new record for the Indian stock market. According to the National Securities … Read more
NTPC Limited is an Indian Public Sector Undertaking that is India‘s largest integrated power company with an installed capacity of 70,064 MW. NTPC Limited has produced 7.36 MMT of coal during the period April 2022 to August 2022 which is an increase of 62% year-on-year as compared to 4.55 MMT produced during the corresponding period … Read more
According to the GST revenue data released on Thursday, 1st September, the Gross GST Revenue collected in the month of August 2022 grew by 28% year-on-year to Rs 1,43,612 crore as against Rs 1,12,020 crore in the month of August 2021. Gross GST revenue fell by 3.6% month-on-month to Rs 1,43,612 crore in August 2022, … Read more
The Gross Domestic Product (GDP) figures were released by the Government of India on 31 August 2022, in which India’s GDP grew at the rate of 13.5% in Q1 of FY23 while GDP grew by 20.1% in Q1 of FY22. The Reserve Bank of India (RBI) has increased its benchmark repo rate by 140 basis … Read more
Indian billionaire Adani Group has acquired a 29.18% stake in media company NDTV (New Delhi Television Limited), but Adani owns this stake indirectly in NDTV. NDTV is one of India’s leading news channels which operates many national channels like NDTV India, NDTV 24×7 and the company also runs an online news website. In 2009 NDTV … Read more
On Monday 15 August 2022, India gifted a Dornier-228 aircraft to strengthen Sri Lanka‘s maritime security. The Indian Air Force and Indian officials handed over the Dornier-228 Maritime Surveillance Reconnaissance Aircraft to the Sri Lankan Air Force base at Katunayake during a ceremony. Katunayake is a suburb of the city of Negombo in Sri Lanka, … Read more
On Friday, 5 August 2022, in the Monsoon Session, Minister of State for Defense Ajay Bhatt said in response to a question in the Lok Sabha that Malaysia shortlisted 18 LCA (Light Combat Aircraft) Tejas jets from India and Argentina, Indonesia, Australia, America, Egypt, and the Philippines have shown interest. In March 2019, India’s indigenous … Read more
On 20 May 2022 Mahindra & Mahindra Limited announced that they will launch the all-new ‘Scorpio-N’ brand new of the much-awaited SUV segment. The all-new ‘Scorpio-N’ comes with automatic and manual transmission and is powered by diesel and petrol engines with prices starting at Rs 11.99 lakhs. The company said that their new SUV Scorpio-N … Read more
India’s civil aviation ministry has announced that from August 31 2022 all fare caps on domestic airlines will be removed. The Indian government on 21 May 2020 had set minimum and maximum price bands for airfares based on flight duration during the coronavirus pandemic to control fares. Aviation Minister Jyotiraditya Scindia said that due to … Read more
On Monday 11 July 2022, the Reserve Bank of India (RBI) announced that the settlement of international trade can be done in Indian Rupees (INR) in order to boost the growth of global trade and to emphasize exports from India. And this additional arrangement has been made for invoicing, payment, and settlement of imports and … Read more
Uranium is considered one of the rarest minerals and has a very high density. India has been confirmed to have reserves of more than 2.5 lakh tonnes of uranium and India produces about 2% of the world’s uranium. Rajasthan is a major state in the availability and diversity of minerals in India and produces about … Read more
On Thursday 16 June 2022, the National Payment Corporation of India (NPCI) announced that NPCI International has signed a Memorandum of Understanding (MoU) with France-based payment solutions provider Lyra Network to accept RuPay cards and UPI payments in France. RuPay cards and UPI (Unified Payments Interface) services will be available in France soon. France and … Read more