BUSINESS
Ruchi Soya to be re-branded as Patanjali Foods, stock gains 4.9%
The company will also be looking to evaluate the most efficient mode of enhancing synergies with Patanjali Ayurveda's food portfolio
BUSINESS
TCS Earnings Preview: Profit after tax in March quarter may increase 8% from last year, revenue likely to grow 15.5%
Growth in total contract values and margins likely to remain flat sequentially. Headwinds from high inflation in the US and Europe and backfilling likely to be offset by scale and efficiencies.
BUSINESS
SEBI constitutes committee to probe NSE lapses, prevent recurrence
The panel is expected to identify the reasons for various corporate governance lapses at the nation’s largest stock exchange and suggest stricter controls to clean up and streamline existing systems.
ECONOMY
RBI Monetary Policy shifts gears, plans liquidity normalisation in near term
RBI insisted on gradual, calibrated withdrawal of liquidity over a multi-year time frame in a non-disruptive manner beginning this year
BUSINESS
Sugar stocks turn sweeter. What's driving the rally?
Based on the opportunities arising from ethanol and bioenergy, the sugar sector appears to be powering forward on a sustainable growth path, which would drive a shift in how it is perceived and eventually spur its re-rating.
BUSINESS
Asian Granito's Rs 441 crore rights issue to open on April 25
The company plans to offer 7 crore shares at an issue price of Rs 63 per share. The shares of the company closed at Rs 118 per share on April 6. Hence, the issue price is at a discount of 46.6 percent to Wednesday’s closing price.
BUSINESS
IT Q4 preview: Companies ride demand momentum; market share gains expected but supply-side headwinds to remain
Supply-side challenges around high attrition, higher-than-usual pay increases for offshore employees and resumption of some discretionary spending like that on business travel will weigh on margins in the fourth quarter
BUSINESS
Primary Market in FY23: A repeat of FY22 likely, could be even better
Sebi has given its observations and approvals to 56 companies seeking to raise a massive Rs 1.4 lakh crore through IPOs in FY23, while 41 more are in the queue. Approvals to these companies will add another Rs 81,000 crore
BUSINESS
Rural Demand: Optimism about revival but slight scepticism remains
Slowdown in rural demand from last two quarters was not led by poor income but conserving of cash due to 2nd COVID wave: Prabhudas Liladhar
BUSINESS
Markets Outlook for FY23 | Experts see low double-digit growth; defence, EV, IT may steal focus
Experts expect investors should rationalize their return expectations amid heightened volatility due to geopolitical tensions, commodity inflation which will impact corporate earnings growth and subsequent rate hikes to curb inflationary pressures
BUSINESS
IPOs of FY22—a mix of outperformers and underperformers
As many as 52 IPOs were launched during the year and more than Rs 1.12 lakh crore raised. Out of these, 8 companies have generated three-digit returns. We look at some of the big gainers and losers
BUSINESS
Taking Stock | Market snaps three-day winning streak to sign off FY22 on a weak note
In FY22, which saw some giddy highs and desperate lows, the Nifty outperformed major global indices with returns of 19 percent
BUSINESS
Gold Prices Today: Gold, silver expected to remain volatile ahead of crucial OPEC meeting
Traders and investors continue to assess three major factors— the Russia-Ukraine war, new COVID lockdowns in China and rising global inflation—that are impacting the market
BUSINESS
Market can't keep loitering where it is right now, says White Oak Capital CEO Somaiyaa
In this uncertain phase, markets are looking at a downside or possibly an upside as the status quo has persisted for a long time, says Somaiyaa
BUSINESS
Sectoral report card FY22: The leaders and the laggards
Power, metals, utilities, telecom and IT indexes outperformed the benchmarks, while FMCG, banks, finance and auto lagged behind.
BUSINESS
Paper industry scripts resurgence from pandemic blues as packaging sector packs a punch
A stronger-than-anticipated growth in e-commerce sales due to increasing safety and hygiene consciousness, healthy double-digit growth in domestic pharmaceutical sales, and revival in consumer durable sales are driving demand for packaging paper
BUSINESS
Indian hospitality sector: demand revival brightens future prospects
Experts expect demand drivers to prove sustainable over the next couple of years and are positive about the prospects of the industry
BUSINESS
A big bang merger called PVR INOX
The merger provides substantial bargaining power over the entire ecosystem, including customers, real-estate developers, content producers, technology service providers, the state exchequer and employees.
BUSINESS
Taking Stock | Markets end week in the red; IT, pharma take a hit, realty gains
Markets continue to trade in a tight range over lingering uncertainty brought about by the Ukraine war, sanctions against Russia and the US Fed's stance on interest rate hikes
BUSINESS
Cement prices hiked, to remain firm in coming months to mitigate higher input costs
Demand for the building material remains strong as companies push volumes to meet year-end targets despite a labour shortage caused by the Holi holiday and elections in some regions.
BUSINESS
Dubai adds buzz to UAE IPO market as DEWA offering opens today
The price band for the IPO has been set at 2.25 to 2.48 United Arab Emirates dirham per share, the state-owned utility would be selling 3.25 billion shares or 6.5 percent of its stake.
BUSINESS
Taking Stock | Profit-taking, mixed news flow weigh on market; Sensex sheds 305 points, Nifty ends below 17,250
While the overall trend is positive, analysts expect the market to consolidate in the near term in the absence of any major news flow or developments.
BUSINESS
Credit Suisse will look for opportunities to come back to India but valuations and oil prices will play a crucial role in that decision: Dan Fineman
If it does return, IT and Banks will be at the top or close to the top of the list Credit Suisse will be telling people to buy into, says the investment bank's Head of Equity Strategy for the Asia Pacific
BUSINESS
Moneycontrol Market Sentiment Survey | Nifty can generate 10-15% returns in FY23: Experts
IT services, banking and automobiles are the key sectors for investors to bet their money in FY23
