Sandhar Technologies Q4 Results Live : profit rise by 47.44% YOY | Company Business News
Sandhar Technologies Q4 Results Live : Revenue increased by 19.98% YoY & profit increased by 47.44% YoY Key Points
mintTime Technoplast Q4 Results Live : profit rise by 45.28% YOY | Company Business News
Time Technoplast Q4 Results Live : Revenue increased by 16.94% YoY & profit increased by 45.28% YoY Key Points
mintStovec Industries Q1 Results Live : profit rise by 94.12% YOY
Stovec Industries Q1 Results Live : Revenue increased by 35.05% YoY & profit increased by 94.12% YoY Key Points
mintPoonawalla Fincorp Q4 Results Live : profit rise by 67.21% YOY
Poonawalla Fincorp Q4 Results Live : Revenue increased by 1239.09% YoY & profit increased by 67.21% YoY Key Points
mintMulti Commodity Exchange Of India Q4 Results Live : profit rise by 1512.29% YOY
Multi Commodity Exchange Of India Q4 Results Live : Revenue increased by 35.43% YoY & profit increased by 1512.29% YoY Key Points
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Kesoram Industries Q4 Results Live : loss rise by 835.4% YOY
Kesoram Industries Q4 Results Live : Revenue increased by 1.72% YoY & loss increased by 835.4% YoY Key Points
mintPersistent Systems Q4 Results Live : profit rise by 25.37% YOY
Persistent Systems Q4 Results Live : Revenue increased by 14.91% YoY & profit increased by 25.37% YoY Key Points
mintToyam Sports Q3 FY24 Results Live : profit rise by 1227.87% YOY
Toyam Sports Q3 FY24 Results Live : Revenue increased by 909.17% YoY & profit increased by 1227.87% YoY Key Points
mintIPCA Laboratories Q3 FY24 Results Live : profit rise by 66.8% YOY
IPCA Laboratories Q3 FY24 Results Live : Revenue increased by 32.79% YoY & profit increased by 66.8% YoY Key Points
mintVTM Q3 FY24 Results Live: Profit Rise by 307.9% YoY
VTM Q3 FY24 Results Live: Revenue increased by 3.45% YoY & profit increased by 307.9% YoY Key Points
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Indo Rama Synthetics India Q3 FY24 Results Live: Loss Rises by 50.17% YoY
Indo Rama Synthetics India Q3 FY24 Results Live: Revenue increased by 5.67% YoY & loss increased by 50.17% YoY Key Points
mintMax Healthcare Institute Q3 FY24 Results Live : profit rise by 30.09% YOY
Max Healthcare Institute Q3 FY24 Results Live : Revenue increased by 16.98% YoY & profit increasedby 30.09% YoY Key Points
mintP & G Hygiene & Health Care Q2 Results Live: Profit Rises by 10.33% YoY
P & G Hygiene & Health Care Q2 Results Live: Revenue decreased by 0.35% YoY & profit increased by 10.33% YoY Key Points
mintJyothy Labs Q3 FY24 Results Live: Profit Rises by 34.87% YoY
Jyothy Labs Q3 FY24 Results Live: Revenue increased by 10.58% YoY & profit increased by 34.87% YoY Key Points
mintDabur India Q3 FY24 Results Live: Profit Rises by 8.04% YoY
Dabur India Q3 FY24 Results Live: Revenue increased by 6.96% YoY & Profit increased by 8.04% YoY Key Points
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Vaibhav Global Q3 FY24 Results Live : profit rise by 21.9% YOY
Vaibhav Global Q3 FY24 Results Live : Revenue increased by 22.76% YoY & profit increased by 21.9% YoY Key Points
mintAsahi Songwon Colors Q3 FY24 Results Live : loss falls by 86.09% YOY
Asahi Songwon Colors Q3 FY24 Results Live : Revenue increased by 8.58% YoY & loss decreased by 86.09% YoY Key Points
mintIndia reports 752 new Covid cases, 4 deaths in 24 hours
The number of people recuperated from the disease has increased to 4,44,71,212, and the national recovery rate stands at 98.81%, health ministry said. Key Points
ThePrintIndus Towers Q2 FY24 results: profit rise by 48.51% YOY
Indus Towers Q2 FY24 results: Revenue decreased by 10.47% YoY & profit increased by 48.51% YoY Key Points
mintSona Blw Precision Forgings Q2 FY24 results: profit rise by 33.83% YOY
Sona Blw Precision Forgings Q2 FY24 results: Revenue increased by 20.61% YoY & profit increased by 33.83% YoY Key Points
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HDFC AMC Delivers Strong Q1FY24 Performance: Robust Revenue Growth and 52% Increase in Profit After Tax
HDFC AMC's Q1 FY24 financial performance was strong, with increased revenue, well-managed expenses, and a significant increase in profit after tax. The company's core AM business also performed well, with operating profit increasing by 11%. Key Points
mintTata Motors to hike prices of its passenger vehicles by an average 0.6% from 17 July
Tata Motors had announced price hikes of 1.2% in January and 0.6% in April, citing increased input costs and regulatory changes, respectively. Key Points
ThePrintMaruti Suzuki rises on Wednesday's early trade ahead of Q4FY23
Maruti Suzuki's sales during the March quarter increased by 5.4% on year to 5.14 lakh units thanks to strong festive demand, the easing of supply chain constraints, and the introduction of new models. Key Points
mintFPIs buying into these mid-caps, analysts see up to 50% upside
For instance, the FPI holding in construction firm NCC has increased from 8.89% in March 2022 to 19.96% in March 2023. According to Bloomberg analyst consensus estimates, the stock can yield nearly 15% in a year. Key Points
Economic TimesSundaram Finance hikes interest rates on term deposits
While the general scheme rate is increased to 7.45%, senior citizens will get 7.95%. Key Points
The Hindu
Price tags for most daily essentials will fall in next few months
These pricing actions are part of an all-out effort by the companies to improve volume sales which is crucial for the industry to expand their sales. The industry is expecting volumes to grow significantly from March-April onwards with lower and stable pricing, increased government spending ahead of general elections, and higher farming income aiding the recovery process. For FMCG, it is also to fight the increased competition from regional brands. Key Points
Economic TimesFlight tickets may become more expensive as OMCs hike jet fuel prices. Details here
ATF prices surge to highest level since Dec 2022; jet fuel prices increased by 14% to ₹1.12 lk/kl in Delhi. Key Points
mintMahindra & Mahindra Q3 FY24 Results Live : profit falls by 0.68% YOY
Mahindra & Mahindra Q3 FY24 Results Live : Revenue increased by 15.02% YoY & profit decreased by 0.68% YoY Key Points
mintLKP Securities Q4 results : profit at ₹5.57Cr, Revenue increased by 88.61% YoY
LKP Securities Q4 results : Revenue increased by 88.61% YoY & profit at ₹5.57Cr Key Points
mintFMCG majors slash prices, hike advertising spends to beat regional brands
Top FMCG majors, including Hindustan Unilever, Marico, and Adani Wilmar, are reducing product prices and increasing marketing investments to combat competition from regional brands. These companies have faced a decline in market share due to lower-priced products from local and unorganised players. By lowering prices and increasing pack weight, they are already witnessing sales growth and expect further gains in the coming months. Hindustan Unilever anticipates that pricing corrections and increased pack weight in detergent bars will help in the fight against local players. Additionally, companies like Marico and Adani Wilmar have seen improved volume growth and doubled sales in their branded segments. Key Points
Economic Times
UP govt raises sugarcane prices by Rs 20 per quintal
The Uttar Pradesh government has raised sugarcane prices by ₹20 per quintal, benefiting sugarcane farmers ahead of the upcoming general elections. The state advisory price (SAP) for the early maturing variety is now ₹370 per quintal, up from ₹350, while common varieties increased to ₹360 per quintal and unsuitable varieties to ₹355 per quintal. Key Points
Economic TimesStudy discover emotion-focused therapy for bipolar disorder
A therapeutic tool focused on emotional awareness that increased activation and connectivity of an emotion-regulating centre in the brain has been discovered by researchers. The therapy may be useful in the long-term treatment and prevention of relapse in bipolar disorder (BD). Key Points
The Tribune IndiaIndustrial production growth jumps to 16-month high of 11.7% in October
The capital goods segment increased by 22.6% in October of this year according to use-based classification, as opposed to a 2.4 per cent contraction in the year-ago month Key Points
FirstpostAxita Cotton Q4 Results Live : profit falls by 11.54% YOY
Axita Cotton Q4 Results Live : Revenue increased by 75.59% YoY & profit decreased by 11.54% YoY Key Points
mintEnkei Wheels India Q4 CY23 results : profit at ₹2.11Cr, Revenue increased by 34.66% YoY
Enkei Wheels India Q4 CY23 results : Revenue increased by 34.66% YoY & profit at ₹2.11Cr Key Points
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CIE Automotive India Q4 CY23 results: profit at ₹168.94Cr, Revenue increased by 198.01% YoY
CIE Automotive India Q4 CY23 results: Revenue increased by 198.01% YoY & profit at ₹168.94Cr Key Points
mintRadaan Mediaworks India Q3 FY24 Results Live: Loss Falls by 23.28% YoY
Radaan Mediaworks India Q3 FY24 Results Live: Revenue increased by 25.59% YoY & Loss Decreased by 23.28% YoY Key Points
mintBaroda Rayon Q3 FY24 Results Live : profit falls by 95.25% YOY
Baroda Rayon Q3 FY24 Results Live : Revenue increased by 19.95% YoY & profit decreased by 95.25% YoY Key Points
mintIndustrial & Prudent Investments Company Q3 FY24 Results Live: profit rise by 18.91% YOY
Industrial & Prudent Investments Company Q3 FY24 Results Live: Revenue decreased by 42.05% YoY & profit increased by 18.91% YoY Key Points
mintUS fourth quarter economic growth handily beats expectations
International Business News: The US economy grew faster than expected in the fourth quarter amid strong consumer spending, defying recession predictions. Gross domestic product in the last quarter increased at a 3.3% annualized rate. Find out more about the factors contributing to the economy's resilience. Key Points
Times Of India
Capex on National Highways increased from Rs 51,000 cr in FY14 to Rs 2,40,000 cr in FY23, Parliament told
Union Road Transport and Highways minister Nitin Gadkari said budgetary allocation of the road ministry has increased from about Rs 31,130 crore in 2013-14 to Rs 2,70,435 crore in 2023-24. Such increased budgetary allocation led to expansion of the National Highway (NH) network in the country from about 91,287 km in March 2014 to about 1,46,145 km at present, Gadkari added. Key Points
Economic TimesDaily Covid-19 cases in India highest in 140 days
The death toll has increased to 5,30,816 with three deaths. One death each has been reported by Karnataka, Gujarat and Maharashtra, the data updated at 8 am stated. Key Points
FinancialexpressActive Covid-19 cases in country rise to 6,559: Union Health Ministry
The death toll increased to 5,30,808 with two deaths. While one death was reported by Odisha, another was reconciled by Kerala, the data updated at 8 am stated. Key Points
Financialexpress796 fresh Covid-19 infections in India, active cases cross 5K after 109 days
The death toll increased to 5,30,795 with five fatalities, the data updated at 8 am stated.While Karnataka, Himachal Pradesh, Puducherry and Uttar Pradesh reported one death each, one was reconciled by Kerala. Key Points
FinancialexpressUS inflation picks up, keeping Fed tilted toward another hike
Excluding food and energy, the so-called core PCE index increased 0.4% from the prior month and 4.7% from April 2022, also exceeding projections. Economists consider this to be a better gauge of underlying inflation Key Points
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Stock market today: BSE Sensex ends 694 points up; Nifty closes above 24,200
India Business News: Stock market today: The NSE Nifty 50 climbed 0.91% to 24,213.3, and BSE Sensex increased 0.88% to 79,476.63. Both indices initially declined 0.6% duri Key Points
Times Of IndiaCentre increased import duty on gold and silver coins to 15%
The government has increased import duties on gold and silver finding and coins to 15%, including basic custom duty and ADIC. The new rates will be effective January 22. The government also increased import duties on silver dore, bars, and articles to align with gold and platinum import duties. Key Points
Economic TimesReady for another round of re-rating? 4 mid & smallcap cement stocks with upside potential of up to 30%
For the last nine years on the priority list of the government has been building physical infrastructure like roads, highways, ports and airports. Binding all the infrastructure projects, whether big or small are two commodities, cement and steel. In the cement sector, small and mid sized companies have been able to take advantage of this focus and increased spending by the government and have been able to both clean up their balance sheet and in some cases, they have gone ahead and increased their capacities which would be getting commissioned soon. With continued focus on infrastructure, will these companies be able to see another round of re-rating? Key Points
Economic TimesIndia's wholesale prices in November rise 0.26%; rebounds from negative territory after seven months
India's wholesale inflation increased to 0.26 per cent in November as against a contraction of 0.52 per cent in October, the government data showed on Thursday. Key Points
Economic TimesStock market today: Sensex hits 70,000, Nifty 50 above 21,000 led by ONGC, Coal India, UPL
The S&P BSE Sensex gained 0.32% to 70,048.90, while the NSE Nifty 50 index increased by as much as 0.24% to 21,019.80 points at 10:06 IST. Key Points
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Amid polls, PM Modi launches Janman Scheme, Sankalp Yatra
The PM Janjati Adivasi Nyaya Maha Abhiyan (PM-Janman) will work towards protection and nurturing of tribes - some of them living in remote jungles - which are on the verge of extinction. He informed that the budget for tribal welfare has been increased by six times since he took office. Under PM Janman, the government has identified 75 tribal communities and primitive tribes with a population of lakhs who reside in more than 22,000 villages in the country. Key Points
Economic TimesHPCL shares touch new 52-week high post Q4FY23 results. Should you buy it?
HPCL Q4FY23 Results: According to a company's stock exchange statement, the consolidated net profit for January-March was ₹3,608.32 crore as compared to ₹2,018.45 crore during the same period last year. Key Points
mintUS inflation trending lower; consumer spending strong in December
US prices rose marginally in December, keeping inflation below 3% for a third straight month. The Federal Reserve is expected to cut interest rates this year, although the timing is uncertain. Consumer spending surged at the end of 2023, leading to expectations of a rate cut. Financial markets have lowered the odds of a March rate cut, indicating the economy's resilience. The central bank is likely to keep its policy rate unchanged next week. Key Points
Economic TimesZee Entertainment posts a mixed Q2 performance; what's in it for investors?
Throughout the week, Zee Ent share price has been under pressure and lost about 6%. According to Ruchit Jain, Lead Research Analyst at 5paisa, Zee Ent stock is consolidating in a broad range of 240-275. Key Points
mintWith four-fold increase in 4 years, property rates in Ayodhya on fire
Discover how the real estate market in Ayodhya has experienced a staggering four-fold increase in property rates over the past four years. Read more about this remarkable growth. Key Points
Times Of India
Maruti Suzuki announces price hike across models to offset inflation
Maruti Suzuki has announced a 0.45% price hike across its models due to increased cost pressure from inflation and increased commodity prices. The hike will take effect from January 16, 2024. The weighted average increase across models is around 0.45%. Other automakers, including Tata Motors, Mahindra & Mahindra, Honda Cars India, and luxury car dealer Audi, have also hiked prices this month Key Points
Economic TimesVehicle registrations zoom 21% in December
This growth in monthly registrations was a sharp pickup from the previous two years when the numbers had dropped - by 5.4% in December 2022 and 16.6% in December 2021. It has been driven by robust supply of vehicles, better promotional offers and increased consumer appetite to buy new cars, according to industry insiders. Key Points
Economic TimesTMB Q4 PAT grows 11.45% to ₹253.05 cr.
Tamilnad Mercantile Bank Ltd. (TMB) reported fourth-quarter net profit grew 11.45% to ₹253.05 crore from the year-earlier period following improvement performance. Key Points
The HinduIn relief for homebuyers, Maharashtra keeps ready reckoner rates unchanged
Mumbai's real estate market saw over 11,000 property registrations in March, generating over Rs 1,111 crore in revenue. Several big-ticket price houses were sold in this period. Key Points
The Indian ExpressDiesel exports plunge 25% to $20 billion as global prices soften
India's diesel exports have decreased by 25% year-on-year in the first 11 months of the financial year to $20 billion due to softer international market prices. Despite this, the export volume rose marginally to 26 million metric tonnes from 25.8 million metric tonnes. Petrol exports also declined, fetching $10 billion, a 13% decrease compared to the previous year, although the export volume increased by 4% to 12.1 million metric tonnes. Key Points
Economic Times
Grasim Q3 Results: Cons PAT slumps 40% YoY to Rs 1,514 crore, revenue rises 12%
Grasim's consolidated revenue increased by nearly 12% to Rs 31,965.50 crore. Sequentially, the bottomline surged over 30%, and the topline grew by nearly 6%. Key Points
Economic TimesKey infrastructure sectors’ growth up at 7.8% in Nov
The output of eight key infrastructure sectors increased by 7.8% in November 2023 against a 5.7% expansion in the year-ago period, according to the official dat Key Points
The Tribune IndiaMaruti Suzuki India to hike prices in Jan, quantum not finalised
New Delhi, Nov 27 (PTI) Marti Suzuki India on Monday said it plans to increase prices of its vehicles in January 2024, citing cost pressure driven by overall inflation and increased commodity rates. The company, which sells a range of vehicles from entry-level small car Alto to multi-utility vehicle Invicto, priced between Rs 3.54 lakh […] Key Points
ThePrintMore is less: Labour force rises but wage growth slows, gender pay gap widens
Labour force participation has increased, but it has resulted in depressed wage growth and a widened gender pay gap. The average wage growth rate for regular salaried employees in urban areas declined from 8.3% to 4.9% in 2022-23. The decline was more pronounced for lower-paying jobs. The gap between male and female earnings at managerial levels increased, and women faced higher job losses during economic downturns. Key Points
Economic TimesGovt says retail wheat and rice prices firm up again in July
The retail prices of wheat and rice have again increased to Rs 29.59 per kilogramme and Rs 40.82 per kg, respectively in July, Parliament was informed on Wednesday. Minister of State for Consumer Affairs, Food and Public Distribution Sadhvi Niranjan Jyoti, in her written reply to the Lok Sabha, said the retail prices of wheat and rice are continuously changing and the government is closely monitoring the prices. Key Points
Economic Times
Jet fuel price up 1.65 per cent on global cues
Jet fuel or ATF price on Saturday was hiked by 1.65 per cent -- the first increase in rate after fourth months of reduction warranted by softening oil prices. Key Points
The Tribune IndiaKing Charles just lost 500 million pounds. The reason will shock you
The official royal spending increased by 5 per cent during the last financial year reaching £107.5 million. | World News Key Points
Hindustan TimesHome prices up 14.7% in June quarter in top cities: Report
While the demand for housing in these cities increased 7.8% year-on-year and 10.4% quarter-on-quarter, supply declined 8.3% on-year and 7.4% sequentially, indicating a tightening of inventory that led to the price rise during the period. Key Points
Economic TimesDaily brief: Kharge likely to announce Karnataka CM pick tomorrow
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times. | Latest News India Key Points
Hindustan TimesCoal India reports record high PAT growth of 62% in FY23, Board declares ₹4 per share dividend
The profit after tax (PAT) for Coal India Ltd (CIL) for FY 2022–23 grew dramatically by 62%, from Rs. 17,378 Crores in FY22 to Rs. 28,125 Crores. Key Points
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Karnataka Election 2023: 35 pc increase in voters in 80-plus age group, first-time voters up 9 pc
Karnataka election: The overall electors in the state increased from 5.06 crore in 2018 to 5.3 crore. Key Points
FinancialexpressNationwide Covid mock drill underway to take stock of preparedness
India logged 5,880 new coronavirus cases, while the active cases have increased to 35,199. The death toll has increased to 5,30,979 with 14 deaths, according to the health ministry data updated on Monday. Key Points
The HinduDaily COVID-19 cases cross 6,000-mark in India, positivity rate at 3.39%
India has logged 6,050 fresh coronavirus cases, the highest in 203 days, while the active cases have increased to 28,303, according to Union health ministry data updated on Friday. On September 16 last year, 6,298 cases were recorded. Key Points
The HinduMFs and FIIs increase stakes in 5 out of 6 new-age tech stocks, Zomato among them
New-age consumer technology stocks continue to attract investors on Dalal Street. Mutual funds and foreign institutional investors have increased stakes in five out of the six listed companies in the December quarter. Zomato is the top-performing stock, with a staggering 154% returns in FY24. Paytm, PB Fintech, and Nykaa have also seen an increase in investor interest. Ant Group has exited Zomato, while One97 Communications and Delhivery have trimmed down their losses. Analysts remain positive on Paytm and PB Fintech, but less bullish on Nykaa due to competition in its segments. Key Points
Economic TimesFormal job creation picks up in March
Data released by the Ministry of Statistics and Programme Implementation shows that there was a double-digit increase in formal job creation across all categories in March 2022 compared to the previous month. While net additions to the Employees' Provident Fund Organisation increased 10.1%, new subscriptions to the Employees' State Insurance Corporation and National Pension Scheme increased 5.4% and 77.5%, respectively, over the same period. The EPF scheme and ESIC witnessed their highest net addition to the payroll over the last five years, with nearly 13.9 million new subscribers to the EPF scheme. Key Points
Economic Times
Jio adds 30.5 lakh mobile users in March; Voda Idea loses 12 lakh users
A look at March data released by TRAI showed that Vodafone Idea -- which trails Reliance Jio and Bharti Airtel in the mobile market subscriber tally -- lost 12.12 lakh mobile users in March. Key Points
FinancialexpressA road map with clear focus, fiscal discipline: Amitabh Chaudhry, MD and CEO, Axis Bank
The 2019 interim budget provided income tax rebate, social security coverage, and railway capex. The latest budget focused on fiscal discipline and ease of doing business. It reduced the fiscal deficit for this year and set lower targets for the next. The private sector can benefit from increased borrowing and infrastructure creation. The budget allocated funds for rural poverty alleviation, semiconductor manufacturing, solar power, and economic railway corridors. It also introduced schemes for housing, innovation, and economic growth. Key Points
Economic TimesHow Sridevi’s low salt diet can be dangerous | Explained
Sridevi was on a low salt diet to look good. How this diet can be dangerous? Here is what happens when you remove salt from your diet. Key Points
Firstpost4 things that changed for market overnight: Gifty Nifty, looming US govt shutdown to global market cues for Sensex today
Stocks set to open flat/negative as GIFT Nifty trades at a discount. Asian markets slide, US stocks end lower. Key Points
mintMP cabinet approves to give domestic gas cylinder at Rs 450 in Sawan month
The Madhya Pradesh cabinet, chaired by Chief Minister Shivraj Singh Chouhan, made several important decisions during a recent meeting. These decisions include providing domestic gas cylinders at a rate of Rs 450 during the Sawan month, postponing increased electricity bills until August 31, 2023, and increasing incentives for ASHA workers and supervisors, among others. Key Points
Economic Times
UPI to account for 90% of retail transactions in 5 years: RBI bulletin
Currency in circulation decelerated to 5.3% in June from 8.3% a year ago, owing to withdrawal of Rs 2,000 banknotes Key Points
Financialexpress