Market News Top 10 News Piramal Group Completes Acquisition of DHFL – Top Indian Market News Piramal Group completes acquisition of DHFL for Rs 34,250 crore Piramal Enterprises Ltd (PEL) has completed the acquisition of Dewan Housing Finance Corp Ltd. (DHFL) for a total consideration of Rs 34,250 crore. This includes an upfront cash payment of Rs 14,700 crore and issuance of debt instruments worth Rs 19,550 crore (10-year NCDs at […] Written by marketfeed Team September 29, 2021April 21, 2022
Market News Top 10 News Adani Group to Invest $20 billion in Renewable Energy – Top Indian Market News Adani Group to invest $20 billion in renewable energy The Adani Group has announced plans to invest $20 billion (~Rs 1.47 lakh crore) over the next 10 years in renewable energy generation and component manufacturing. It also aims to produce the world’s cheapest green electron. Over 75% of the group’s planned capital expenditure (capex) until […] Written by marketfeed Team September 21, 2021April 21, 2022
Market News Top 10 News WPI Inflation Rises to 11.39% in August – Top Indian Market News WPI inflation rises to 11.39% in August India’s wholesale inflation, measured by the Wholesale Price Index (WPI), spiked to 11.39% in August 2021. WPI grew 11.16% in July and 12.07% in June. The food articles segment witnessed a (-)1.29% change in August, as prices of vegetables and fruits contracted. Inflation in the fuel and power […] Written by marketfeed Team September 14, 2021April 21, 2022
Market News Top 10 News CCI Imposes Rs 200 crore Penalty on Maruti Suzuki – Top Indian Market News CCI imposes Rs 200 crore penalty on Maruti Suzuki over dealer discount policy The Competition Commission of India (CCI) has imposed a penalty of Rs 200 crore on Maruti Suzuki India Ltd for indulging in anti-competitive practices by restricting discounts offered by its dealers. It was revealed that the automaker had employed mystery shopping agencies […] Written by marketfeed Team August 23, 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 HCL Tech Reports 9% YoY Rise in Net Profit in Q1 – Top Indian Market News HCL Tech Q1 Results: Net profit rises 9% YoY to Rs 3,213 crore HCL Technologies Ltd reported a 9.4% year-on-year (YoY) increase in consolidated net profit to Rs 3,213 crore for the quarter ended June (Q1 FY22). Its revenue from operations rose 12.5% YoY to Rs 20,068 crore during the same period. The total contract […] Written by marketfeed Team July 19, 2021April 21, 2022
Market News Top 10 News Tata Power Secures Contract Worth Rs 400 crore From KSEB – Top Indian Market News Tata Power secures contract worth Rs 400 crore from KSEB Tata Power Company has secured a contract worth Rs 400 crore from the Kerala State Electricity Board Ltd (KSEB). The order consists of developing an 84 megawatt (MW) solar rooftop project for domestic consumers across all districts of Kerala. The project has to be commissioned […] Written by marketfeed Team July 9, 2021April 21, 2022
Market News Top 10 News Avenue Supermarts Reports 31% Rise in Revenue in Q1 – Top Indian Market News Avenue Supermarts reports 31% YoY rise in revenue in Q1 Avenue Supermarts Ltd reported a 31.27% YoY increase in standalone revenue to Rs 5,031.75 crore for the quarter ended June 2021 (Q1 FY22). It had posted a revenue of Rs 3,833.23 crore in the corresponding quarter last year (Q1 FY21). The total number of stores […] Written by marketfeed Team July 3, 2021April 21, 2022
Market News Top 10 News Tata Power Solar Secures Contract from NHPC – Top Indian Market News Tata Power Solar secures contract worth Rs 188 crore from NHPC State-owned NHPC Ltd has awarded an EPC (engineering procurement, and construction) contract worth Rs 188.19 crore to Tata Power Solar Systems (TPSS) to set up a 40 megawatt (MW) solar power project at Ganjam, Odisha. The contract also includes work of associated 220 KV […] Written by marketfeed Team May 25, 2021April 21, 2022
Editorial Can IT Firms Maintain Job Satisfaction Rates? You may have noticed many IT companies hiking salaries and hiring more employees when the rest of India is going through a devastating economic slowdown. These firms have been successful in adopting a strong work-from-home (WFH) model, which has proved to be highly beneficial. However, while most IT firms posted record-breaking results in the previous […] Written by marketfeed Team May 18, 2021April 21, 2022
Market News Top 10 News Zydus Cadila’s ‘Virafin’ Gets DCGI Approval – Top Indian Market News Zydus Cadila’s ‘Virafin’ gets DCGI approval for treatment of moderate Covid-19 cases Zydus Cadila announced that it has received restricted emergency use approval from the Drugs Controller General of India (DCGI) to use antiviral drug ‘Virafin’ (Pegylated Interferon alpha-2b) for the treatment of moderate Covid-19 infections. Virafin will help Covid-19 patients recover faster and avoid […] Written by marketfeed Team April 23, 2021April 21, 2022
Market News Top 10 News Adani Transmission to Acquire Warora-Kurnool Transmission For Rs 3,370 crore – Top Indian Market News Adani Transmission to acquire Warora-Kurnool Transmission for Rs 3,370 crore Adani Transmission Ltd (ATL) has signed an agreement with Essel Infraprojects for the acquisition of Warora-Kurnool Transmission Limited (WKTL). ATL said the acquisition is valued at Rs 3,370 crore. With this acquisition, the cumulative network of ATL will reach 17,200 circuit kilometers (ckt km). Out […] Written by marketfeed Team March 27, 2021April 21, 2022
