Market News Top 10 News SpiceJet Calls for 10-15% Hike in Airfares – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: SpiceJet to hike airfares up to 15% on fuel, forex costs SpiceJet Ltd has called for a 10-15% hike in airfares to counter high fuel costs and a weak rupee. Operating costs have increased to unsustainable levels. The airline’s MD Ajay Singh […] Written by Cherian Varghese June 16, 2022June 16, 2022
Market News Top 10 News RIL Raises $4 billion in India’s Largest Forex Bond Deal – Top Indian Market News RIL raises $4 billion in India’s largest forex bond deal Reliance Industries Ltd (RIL) has raised $4 billion (~Rs 29,780 crore) in US dollar bonds, marking India’s largest-ever foreign currency bond deal. RIL raised $1.5 billion in a 10-year tranche, $1.75 billion in a 30-year, and $750 million in a 40-year deal. The company plans […] Written by marketfeed Team January 6, 2022April 21, 2022
Market News Top 10 News Reliance, Aramco to Re-Evaluate Investment Proposal – Top Indian Market News Reliance, Aramco to re-evaluate investment proposal Reliance Industries Ltd (RIL) and Saudi Aramco have mutually decided to re-evaluate a major investment proposal concerning the Oil to Chemicals (O2C) business of RIL. The deal was estimated to be about $15 billion. The current application with the National Company Law Tribunal (NCLT) for segregating the O2C business […] Written by marketfeed Team November 20, 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 States Suffer Power Outages as Coal Stocks Shrink – Top Indian Market News Indian states suffer power cuts and outages as coal stocks shrink North Indian states have suffered electricity cuts and face further outages due to a lack of coal. The shortages in India follow widespread outages in neighboring China, which has shut factories and schools to manage the crisis. Over half of India’s 135 coal-fired power […] Written by marketfeed Team October 9, 2021April 21, 2022
Market News Top 10 News India to Export 8 million Covid-19 Vaccine Doses in October – Top Indian Market News India to export 8 million Covid-19 vaccine doses in October India will export eight million Covid-19 vaccine doses by the end of October after ending its ban on sending doses abroad. Prime Minister Narendra Modi has promised to resume exports of vaccines at a meeting of the ‘Quad’ leaders, as India, Japan, Australia, and the […] Written by marketfeed Team September 25, 2021April 21, 2022
Market News Top 10 News Dr Reddy’s Reports 1% YoY Fall in Net Profit in Q1 – Top Indian Market News Dr Reddy’s Labs Q1 Results: Net profit declines 1% YoY to Rs 571 crore Dr Reddy’s Laboratories Ltd reported a 1% year-on-year (YoY) decline in consolidated net profit to Rs 571 crore for the quarter ended June (Q1 FY22). Its revenue from operations rose 11% YoY to Rs 4,919 crore during the same period. The […] Written by marketfeed Team July 27, 2021April 21, 2022
Market News Top 10 News Kalyan Jewellers Reports 54% YoY Rise in Net Profit in Q4 – Top Indian Market News Kalyan Jewellers Q4 Results: Net profit rises 54% YoY to Rs 74 crore Kalyan Jewellers reported a 54% YoY increase in consolidated net profit to Rs 73.9 crore for the quarter ended March (Q4). Its revenue from operations rose 42.78% YoY to Rs 3,050.60 crore during the same period. For the financial year ended March […] Written by marketfeed Team May 27, 2021April 21, 2022
Market News Top 10 News BEL Achieves Record Turnover of Rs 13,500 crore During 2020-21 – Top Indian Market News BEL achieves record turnover of Rs 13,500 crore during 2020-21 Bharat Electronics Limited (BEL) said it has achieved a record turnover of about Rs 13,500 crore during FY 2020-21, despite challenges posed by the Covid-19 pandemic and high competition. The company’s turnover in the previous financial year stood at Rs 12,608 crore. BEL’s total order […] Written by marketfeed Team April 1, 2021April 21, 2022
Market News Top 10 News Govt Approves Rs 10,900 crore PLI Scheme for Food Processing Sector – Top Indian Market News Govt approves Rs 10,900 crore PLI scheme for food processing sector The Union Cabinet has approved the extension of a production-linked incentive (PLI) scheme for the food processing sector. An outlay of Rs 10,900 crore has been approved as incentives for domestic manufacturing in the sector. This PLI scheme will help create 2.5 lakh jobs […] Written by marketfeed Team March 31, 2021April 21, 2022
Editorial Highway Infra Construction Firms: An Analysis As we know, the infrastructure sector has received a significant boost through the provisions of the Union Budget 2021-22. The Finance Ministry has allocated a whopping Rs 1.18 lakh crore towards the Ministry of Road Transport and Highways. This fund would be utilised for the launch of mega national highway projects across the states of […] Written by marketfeed Team March 23, 2021April 21, 2022
