Newsletter

Steel companies continued to see pressure on their operating profits. On Monday, Tata Steel posted 21% lower net profits at Rs7,714 crore for the June 2022 quarter. In Q1FY22, Tata...

Q1 results for Infosys beat revenue estimates but lagged on the margin front due to higher talent costs.Net profit for Q1FY23 at Rs5,360 crore was up 3.2% yoy but down...

Government rightly rules out postponement of tax filing dates Contrary to expectations, the deadline for filing of the income tax returns will not be extended beyond 31st July. This can...

ECB raised rates by 50 bps for the first time in 11 years and higher than the street expectation of 25 bps.The Euro Zone has been reeling under high inflation...

There is a quiet change in the India remittance story. It is still robust at $87 billion in 2021, but what has changed is the composition of the country of...

Hindustan Unilever reported 11% higher net profits at Rs2,289 crore on a standalone basis for Q1FY23.Revenues were up 20% yoy at Rs14,409 crore. HUL also reported healthy volume growth of...

The biggest earnest money deposit (EMD) of Rs14,000 crore has come from Reliance Jio Infocomm ahead of its 5G auction participation. Jio was followed by Bharti Airtel with EMD of...

SEBI has cleared the name as Ashish Chauhan for the post of MD and CEO of NSE. He is currently, the MD and CEO of BSE. Vikram Limaye demitted office...

WPI inflation for June 2022 was relatively lower at 15.18% compared to 15.88% in May 2022. This was driven by lower crude and minerals and also partially attributable to the...

June 2022 US consumer price inflation surged to 9.1%, the highest level of inflation since November 1981. On a sequential MOM basis, the inflation surged by 1.3%. The spike in...

CPI inflation for June 2022 eased to 7.01%, but still way above the RBI outer tolerance limit of 6%. Food inflation tapered slightly but core inflation remained almost static at...

RBI has allowed trade settlement between India and other nations in rupees in a move that will help settle trade with Russia and Sri Lanka with ease. Last month, Ultratech...

TCS may have flattered on the top line and disappointed on the bottom line in Q1FY23. However, it looks like TCS will now rely a lot more on the US...

Tata Sons chairman N Chandrasekaran confirmed that Tata Power will spend Rs75,000 crore to expand its renewable energy capacity in next 5 years. Tata Power will spend Rs10,000 crore in...

The government directed edible oil manufacturers to cut MRP of imported cooking oils by up to Rs10 per litre in next one week. India currently imports more than 60% of...