Newsletter

In a significant move by the Indian government , the government introduced a Bill in Parliament to nullify the provision of retrospective taxation in the Income Tax Act. This brings...

Reliance Industries plans to double its PET recycling capacity by setting up a recycled PSF manufacturing facility in the state of Andhra Pradesh. This is in line with the endeavour...

On Tuesday the Sensex ended 872 points higher so there was hardly any surprise that the BSE scaled the market cap level of Rs.240 lakh crore or $3.25 trillion approximately....

July was another strong month for exports as per data put out by the Ministry of Commerce. Exports were up 48% yoy at $35.17 billion. Cumulatively, exports have grown by...

GST collections for July 2021 came in at Rs.1,16,393 crore, crossing the Rs.1.1 trillion mark once again giving a clear indication that the recovery post COVID 2.0 was underway. This...

The US economy reported GDP growth at 6.5% for the Jun-21 quarter. This is marginally lower than the original estimate of 6.4%, but stays robust nevertheless. The expansion in GDP...

Maruti Suzuki reported net profits of Rs.441 crore for the Jun-21 quarter as against  net loss of Rs.249 crore in the Jun-20 quarter. The sales of cars remained disrupted in...

IMF scaled down India’s GDP growth projection by 300 basis points to 9.5% for FY22 on account of COVID 2.0. This was revealed by IMF in its latest edition of...

Tata Motors reported a net loss of Rs.4,451 crore for the Jun-21 quarter, surely narrower than the loss of Rs.8,444 crore reported in the Jun-20 quarter. A severe shortage of...

For Jun-21 quarter, ICICI Bank reported 78% higher net profit on Saturday at Rs.4,616 crore, largely on the back of a 62% fall in provisioning for loan losses. However, the...

In an interesting move, Zomato decided to pull back its listing date to 23 July instead of 27 July, as was originally scheduled. It may be recollected that the price...

The much awaited judgment by the Supreme Court on the telecom AGR issue is expected on 22 July. While Vodafone claimed arithmetic errors in the calculation, Airtel has claimed duplications...

Asian Paints rallied 7% and scaled the Rs.3 trillion market cap after reporting stellar results for the Jun-21 quarter. Net profits were up 162% yoy at Rs.574 crore on the...

It was a sort of Black Monday on 19 July with the Sensex closing 587 points lower on concerns over rising COVID 3.0 cases as well as a spike in...

FPIs pulled out Rs.4,515 crore from equities in the first two weeks of July, after being net buyers in June. It looks like FPIs are playing it cautious with markets...