Market News Top 10 News RBI Cuts FY23 GDP Forecast to 7.2% – Top Indian Market News RBI keeps policy rates unchanged; cuts FY23 GDP forecast to 7.2% The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 4%. The reverse repo rate will also remain unchanged at 3.35%. The central bank will maintain its ‘accommodative’ stance to support growth and […] Written by marketfeed Team April 8, 2022April 21, 2022
Market News Top 10 News Tata Motors Secures Order for 1,300 CVs – Top Indian Market News Tata Motors secures order for 1,300 CVs from VRL Logistics Tata Motors has secured an order for 1,300 commercial vehicles (CVs) from VRL Logistics. The order comprises medium & heavy commercial vehicles (MHCV) and intermediate & light commercial vehicle (ILCV) range, which suit the logistics operations of VRL Logistics. The vehicles provide superior drivability, high […] Written by marketfeed Team April 7, 2022April 21, 2022
Market News Top 10 News Axis Bank Acquires Citi India’s Retail Assets for $1.6B – Top Indian Market News Axis Bank acquires Citi India’s retail assets for $1.6 billion Axis Bank has acquired Citi India’s retail assets, valuing the business at nearly $2 billion (~Rs 15,164 crore). The private sector bank will pay a cash consideration of $1.6 billion to Citi for the acquisition of the consumer business. The transaction comprises the sale of […] Written by marketfeed Team March 30, 2022April 21, 2022
Market News Top 10 News IT Dept Raids Hero MotoCorp Premises – Top Indian Market News IT Dept raids Hero MotoCorp premises The Income Tax Department has conducted raids at multiple premises of Hero Motorcorp Ltd as part of a tax evasion investigation against the company. Offices and residential premises of the promoters (including chairman & CEO of the group Pawan Munjal) in Gurugram, Haryana, Delhi, and other locations were covered […] Written by marketfeed Team March 23, 2022April 21, 2022
Market News Top 10 News Bajaj Auto Posts 17% YoY Fall in Net Profit in Q3 – Top Indian Market News Bajaj Auto Q3 Results: Net profit falls 17% YoY to Rs 1,430 crore Bajaj Auto Ltd reported a 17% YoY decline in consolidated net profit to Rs 1,429.68 crore for the quarter ended December (Q3 FY22). Net profit fell 30% when compared to the previous quarter. Its revenue from operations rose 1% YoY (or 5% […] Written by marketfeed Team January 19, 2022April 21, 2022
Market News Top 10 News L&T Bags Order for Mumbai-Ahmedabad Bullet Train Project – Top Indian Market News L&T secures third order for Mumbai-Ahmedabad bullet train project Larsen & Toubro (L&T) has secured a third order for the Mumbai-Ahmedabad High Speed Rail from the National High Speed Rail Corporation Ltd (NHSRCL). The order includes the design and construction of civil & building works for a double-line high-speed railway of a length of 8.198 […] Written by marketfeed Team January 10, 2022April 21, 2022
Market News Top 10 News JSPL Output Grows 9% to 5.9 MT in April-December – Top Indian Market News JSPL output grows 9% to 5.9 MT in April-December 2021 Jindal Steel & Power Ltd (JSPL) has manufactured 5.904 million tonnes (MT) steel in the April-December period of FY 2021-22, an increase of 9% YoY. The company’s sales stood at 6.85 lakh tonnes in December 2021. Delhi-based JSPL has a significant presence in the steel, […] Written by marketfeed Team January 4, 2022April 21, 2022
Market News Top 10 News SEBI Bans Futures Trading For Seven Commodities – Top Indian Market News SEBI Bans Futures Trading In Seven Commodities The Securities and Exchange Board of India (SEBI) has banned futures trading on seven commodities. The commodities are paddy (non-basmati), wheat, chana, mustard seeds and their derivatives, soya bean, crude palm oil, and moong. The move comes in the wake of the opposition that the incumbent government is […] Written by marketfeed Team December 20, 2021April 21, 2022
Market News Top 10 News M&M Finance Launches Car Leasing & Subscription Biz – Top Indian Market News Mahindra Finance launches car leasing and subscription business Mahindra & Mahindra Financial Services Ltd announced the launch of a lease-based vehicle subscription business for urban centres. The company is eyeing a business of Rs 10,000 crore from this segment in the next 3-5 years. Under the brand ‘Quiklyz’, Mahindra Finance will offer multi-brand vehicle leasing […] Written by marketfeed Team November 17, 2021April 21, 2022
Market News Top 10 News Kotak Mahindra Bank’s Net Profit Falls 7% YoY in Q2 – Top Indian Market News Kotak Mahindra Bank Q2 Results: Net profit falls 7% YoY to Rs 2,032 crore Kotak Mahindra Bank reported a 7% YoY decline in net profit to Rs 2,032 crore for the quarter ended September (Q2 FY22). Net profit rose 24% compared to the previous quarter. Its net interest income (NII) rose 3% YoY to Rs […] Written by marketfeed Team October 26, 2021April 21, 2022
Market News Top 10 News Tata Motors Reports Net Loss of Rs 4,451 crore in Q1 – Top Indian Market News Tata Motors Q1 Results: Net loss at Rs 4,451 crore Tata Motors Ltd reported a consolidated net loss of Rs 4,450.92 crore for the quarter ended June (Q1 FY22). It had posted a net loss of Rs 8,437.99 crore in the corresponding quarter last year (Q1 FY21). Its revenue from operations jumped 107.6% YoY to […] Written by marketfeed Team July 26, 2021April 21, 2022
Market News Top 10 News TCS Reports 28.5% YoY Rise in Net Profit in Q1 – Top Indian Market News TCS Q1 Results: Net profit rises 28.5% YoY to Rs 9,008 crore Tata Consultancy Services (TCS) reported a 28.5% year-on-year (YoY) increase in consolidated net profit to Rs 9,008 crore for the quarter ended June (Q1 FY22). Its net profit has declined by 2.5% when compared to the previous quarter. The IT firm’s revenue from […] Written by marketfeed Team July 8, 2021April 21, 2022
