Newsletter

CRISIL expects a sharp drop in the profitability of cement companies for FY23. According to CRISIL, profits of cement companies could fall 15% in FY23 to around Rs900-925 per tonne....

For the week ended on 23rd September, the market cap of 7 out of the 10 most valuable companies eroded by Rs134,139 crore. Only defensives were in the positive for...

Indian refiners are likely to skip buying Russia ESPO crude this month due to higher freight rates. Instead, India finds African and Middle East oil cheaper. India had recently emerged...

For the fiscal year FY22, Indian exports to the 6 Gulf Cooperation Council (GCC) nations grew 44% to $43.9 billion. India’s exports to UAE jumped by 68% yoy. India’s FY22...

In a move that raises questions about the indebtedness of the Adani group, it pledged shares of ACC and Ambuja Cements worth $13 billion, just days after the acquisition. That...

SEBI put in abeyance the IPO of Go Digit General Insurance; backed by Virat Kohli, Anushka Sharma and the Canada based Fairfax group. Go Digit filed its DRHP in mid-August...

Last week, 6 out of the top-10 most valuable companies in India by market cap suffered value erosion of Rs200,281 crore. The losses were led by IT frontliners. Among major...

Fitch lowered India's GDP forecast for FY23 to 7% from its June 2022 estimate of 7.8%. Even FY24 GDP estimates had been pared lower from 7.4% to 6.7%. The downgrade...

In a move that was largely on expected lines, Goldman Sachs downgraded top Indian IT companies like TCS and Infosys from “Buy” to “Sell”. Goldman had cited the slowdown in...

US Consumer inflation for August 2022 was marginally lower at 8.3%, but still nearly 20 bps higher than street estimates. While gasoline prices have been tapering, that has been more...