Market News Top 10 News Axis Bank’s Net Profit Rises 62% YoY in Q3 – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Axis Bank Q3 Results: Net profit rises 62% YoY to ₹5,853 crore Axis Bank reported a 62% YoY increase in net profit to ₹5,853 crore for the quarter ended December (Q3 FY23). Its net interest income (NII) rose 31% YoY to ₹10,360 […] Written by Cherian Varghese January 23, 2023January 24, 2023
Market News Top 10 News Tata Group’s BigBasket Eyes IPO by 2025 – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Tata-owned BigBasket eyes IPO by 2025 after $200 million fundraising: Report According to a BQ Prime report, Tata Group’s online grocer BigBasket is expected to launch an initial public offering (IPO) within three years after the recent fundraising valued the online grocer […] Written by Cherian Varghese December 21, 2022December 21, 2022
Editorial Could IndiGrid InvIT Be The Next Breakout Stock? India Grid Infrastructure Investment Trust, or IndiGrid InvIT, is India’s first listed power-sector infrastructure investment trust. The trust’s assets under management (AUM) are currently worth ~Rs 15,000 crore. The listed company has delivered consistent growth in terms of share price appreciation, revenue, and profits since its Initial Public Offering in 2017. Could it be the […] Written by marketfeed Team January 31, 2022April 21, 2022
Market News Top 10 News Infosys Reports 23% YoY Rise in Net Profit in Q1 – Top Indian Market News Infosys Q1 Results: Net profit rises 23% YoY to Rs 5,195 crore Infosys Limited reported a 22.7% year-on-year (YoY) increase in consolidated net profit to Rs 5,195 crore for the quarter ended June (Q1 FY22). Net profit has increased by 2.3% when compared to the previous quarter. Its revenue from operations rose 17.87% YoY (or […] Written by marketfeed Team July 14, 2021April 21, 2022
Market News Top 10 News IndiGrid InvIT to Acquire Power Transmission Project From Sterlite Power – Top Indian Market News IndiGrid InvIT to acquire power transmission project from Sterlite Power for Rs 4,625 crore India Grid Trust (IndiGrid) has signed a share purchase agreement to acquire NER-II Transmission Limited from Sterlite Power. The indicative value of the acquisition is Rs 4,625 crore. The 830 circuit-km long transmission project is spread across Assam, Arunachal Pradesh, and […] Written by marketfeed Team March 6, 2021April 21, 2022
Editorial What are Infrastructure Investment Trusts (InvITs)? An Infrastructure Investment Trust (InvIT) is an investment scheme (similar to a mutual fund) that enables individual and institutional investors to directly invest funds in infrastructure projects. These investors, who collectively invest small amounts of money in income-generating assets, receive a small portion of the income in return. These ‘assets’ could include road projects, power […] Written by marketfeed Team February 4, 2021April 21, 2022
Market News Top 10 News CBI Registers Cases Filed by SBI, Canara Bank Over Rs 8,000 crore Fraud – Top Indian Market News CBI registers cases filed by SBI, Canara Bank over Rs 8,000 crore fraud The Central Bureau of Investigation (CBI) has registered two separate cases filed by Canara Bank and State Bank of India regarding fraud to the extent of Rs 7,926.01 crore and Rs 313.79 crore, respectively. The first case was registered against a Hyderabad-based […] Written by marketfeed Team December 19, 2020April 21, 2022
