Newsletter

SBI standalone net profits for Q4FY23 grew 83.19% yoy to Rs16,695 crore on healthy NII expansion and 44 bps surge in NIMs. At Rs55,648 crore net profits for FY23, SBI...

The Union Cabinet has approved a Rs38,000 crore subsidy for non-urea fertilisers during the 2023 Kharif season so that output is not impacted. During the Rabi season of 2022, government...

The southwest monsoon is likely to arrive late over Kerala coast this year. The IMD is projecting touch down on 04th June. However, SKYMET has pegged monsoon arrival on 07th...

NCLT will pass the final order on the plea challenging the admission of Go First insolvency on May 22nd. It may be recollected that aircraft lessors had challenged the NCLT...

Upstox, the discount broker backed by Ratan Tata, achieved break-even in FY23. For the year, revenues crossed Rs1,000 crore. The company is now targeting 10-fold growth in customer base to...

Morgan Stanley Capital International (MSCI) added Max Healthcare, HAL and Sona BLW Precision to its India Standard Index in the May 2023 rejig. This will translate into inflows of $675...

According to a recent Reuters poll, CPI inflation in India for April 2023 is likely to soften to an 18-month low. This was likely to be triggered by softening of...

It is rather interesting that stock market analysts are at their most bullish on Reliance Industries in the last 7 years since January 2016. That was the time the Jio...

As per reports coming from the Geological Survey of India (GSI) offic9ials, there have been huge reserves of lithium found in the state of Rajasthan. It is also claimed that...

The government plans to shortly invite bids for the strategic sale of BEML Ltd. The non-core business of BEML already got listed on the stock exchanges in April 2023. Now,...

Shareholders and creditors of Reliance Industries approved the demerger of the financial services arm, Jio Financial, from the parent. With 99.99% votes in favour, it was a done deal. Under...

In a move that was widely anticipated, the US Federal Reserve hiked rats by another 25 bps taking the rates to the range of 5.00% to 5.25%. Rates have now...

In a rather surprising move, Go First, the airline owned by the Wadia family, filed for insolvency. The company blamed the faulty Pratt & Whitney engines which had grounded nearly...

Adani Green Energy posted 4-fold jump in consolidated net profit at Rs507 crore for Q4FY23. Top line revenues were also higher by 88% at Rs2,988 crore in the quarter. If...

Hindustan Unilever reported a 9.66% higher net profit for the March 2023 quarter at Rs2,552 crore, led by higher demand for its home, beauty, and personal care products. The final...