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Showing posts from October, 2021

Halloween horror: How railway officials spooked IRCTC investors

Here’s the lowdown on how a Railway Ministry decision aimed at earning Rs 500 crore revenue annually, on average, led to market cap worth Rs 18,000 crore being wiped out from Moneycontrol Business News https://ift.tt/3BvLaXF

MC Insider: The investor who has to let go Rs 150 crore, upcoming IPOs, look who’s hiring, food gag order and more

Hush-hush tales from the world of stock markets, banking, corporate world and corridors of power from Moneycontrol Business News https://www.moneycontrol.com/news/business/mc-insider-the-investor-who-has-to-let-go-rs-150-crore-upcoming-ipos-look-who’s-hiring-food-gag-ordermore_15706561.html

Petrol, diesel prices today: Hiked for 5th straight day to hit fresh highs

Petrol, diesel prices today: The fifth consecutive increase follows the unrelenting hike in international oil price. from Moneycontrol Business News https://ift.tt/3GEiSOt

High Taxes Hampering Growth of Luxury Car Segment in India: Audi

Luxury car volumes account for less than 2 percent of the overall passenger vehicle sales annually and the sector has been more or less at the same level for the past decade from Moneycontrol Business News https://ift.tt/3jRsKL4

High Taxes Hampering Growth of Luxury Car Segment in India: Audi

Luxury car volumes account for less than 2 percent of the overall passenger vehicle sales annually and the sector has been more or less at the same level for the past decade from Moneycontrol Business News https://ift.tt/3pXWud5

Saudi Aramco sees third-quarter income rise to $30.4 billion

Saudi Arabia’s majority state-owned oil giant Aramco said its net income more than doubled from $11.8 billion during the same three-month period a year earlier. Last year’s figure came after profits plunged dramatically as global coronavirus lockdowns slammed oil prices from Moneycontrol Business News https://ift.tt/3pQoxv2

Market capitalisation of 9 from top 10 most valued firms tumbles by over Rs 2.48 lakh crore

The market valuation of RIL declined by Rs 56,741.2 crore to reach Rs 16,09,686.75 crore; HDFC Bank#39;s valuation came down by Rs 54,843.3 crore to Rs 8,76,528.42 crore; and TCS saw an erosion of Rs 37,452.9 crore in its worth at Rs 12,57,233.58 crore. from Moneycontrol Business News https://ift.tt/3CwmcsA

Market capitalisation of 9 from top 10 most valued firms tumbles by over Rs 2.48 lakh crore

The market valuation of RIL declined by Rs 56,741.2 crore to reach Rs 16,09,686.75 crore; HDFC Bank#39;s valuation came down by Rs 54,843.3 crore to Rs 8,76,528.42 crore; and TCS saw an erosion of Rs 37,452.9 crore in its worth at Rs 12,57,233.58 crore. from Moneycontrol Business News https://ift.tt/3w2xtyj

Excise collection 79% more than pre-COVID levels

Excise duty collection: Data available from the Controller General of Accounts in the Union Ministry of Finance showed excise duty collections during April-September 2021 surging to over Rs 1.71 lakh crore, from Rs 1.28 lakh crore mop-up in the same period of the previous fiscal from Moneycontrol Business News https://ift.tt/2Y0AylZ

United States, European Union end Trump-era tariff war over steel and aluminium

US Commerce Secretary Gina Raimondo told reporters that the deal will maintain US "Section 232" tariffs of 25 percent on steel and 10 percent aluminium, while allowing "limited volumes" of EU-produced metals into the US duty free from Moneycontrol Business News https://ift.tt/31k4meP

ILFS gets NCLT approval for phase 1 InvIT

Roadstar Infra Investment Trust, will get six road projects under Phase I and the SPV for this will be transferred to the InvIT at an aggregate valuation of Rs 9,214 crore from Moneycontrol Business News https://ift.tt/3jV9QDg

Maruti Suzuki expects adverse impact on production next month due to semiconductor shortage

Terming the situation as quite dynamic, the country’s largest carmaker noted in a regulatory filing that as per current estimates the total vehicle production volume across both locations in Haryana next month could be around 85 per cent of normal roll-out. from Moneycontrol Business News https://ift.tt/3pP8qh8

Indian Oil Corporation Q2 net at Rs 6,360 crore

Net profit of Rs 6,360.05 crore, or Rs 6.93 a share, in July-September compared with Rs 6,227.31 crore, or Rs 6.78 per share, in the same period a year back, according to the company’s filing to the stock exchanges. from Moneycontrol Business News https://ift.tt/3EsMnky

Indian Oil Corporation Q2 net at Rs 6,360 crore

Net profit of Rs 6,360.05 crore, or Rs 6.93 a share, in July-September compared with Rs 6,227.31 crore, or Rs 6.78 per share, in the same period a year back, according to the company’s filing to the stock exchanges. from Moneycontrol Business News https://ift.tt/3Bo6NJH

Indian Oil Corporation Q2 net at Rs 6,360 crore

Net profit of Rs 6,360.05 crore, or Rs 6.93 a share, in July-September compared with Rs 6,227.31 crore, or Rs 6.78 per share, in the same period a year back, according to the company’s filing to the stock exchanges. from Moneycontrol Business News https://ift.tt/3nKOnxI

Godfrey Phillips India Q2 net up 2% at Rs 105 crore

The company had posted a consolidated net profit of Rs 103.06 crore in the same quarter last fiscal, Godfrey Phillips India Ltd (GPI) said in a regulatory filing. from Moneycontrol Business News https://ift.tt/3BuBhK2

SEBI warns Vedanta over related-party transactions

In a warning letter, which Vedanta as per SEBI directions disclosed to stock exchanges, the regulator said it will take action if such actions were repeated in future. from Moneycontrol Business News https://ift.tt/3vZkJZh

SEBI warns Vedanta over related-party transactions

In a warning letter, which Vedanta as per SEBI directions disclosed to stock exchanges, the regulator said it will take action if such actions were repeated in future. from Moneycontrol Business News https://ift.tt/2Zz7lzd

Govt invites applications for post of SEBI chairman in place of Ajay Tyagi

Ajay Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, was appointed as SEBI chairman on March 1, 2017, for a period of three years. from Moneycontrol Business News https://ift.tt/2XYRQA5

Govt invites applications for post of SEBI chairman in place of Ajay Tyagi

Ajay Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, was appointed as SEBI chairman on March 1, 2017, for a period of three years. from Moneycontrol Business News https://ift.tt/3bnniLl

Power ministry proposes amendments in EC Act to boost renewable energy consumption

The amendments are aimed at promoting consumption of renewable energy. from Moneycontrol Business News https://ift.tt/2ZA0Vj8

Moneycontrol Pro Weekender | Finding true value 

In the season of corporate earnings and IPOs, the flavour is valuation from Moneycontrol Business News https://www.moneycontrol.com/news/business/moneycontrol-pro-weekender-|-finding-true-value _15704301.html

Moneycontrol Pro Weekender | Finding true value 

In the season of corporate earnings and IPOs, the flavour is valuation from Moneycontrol Business News https://www.moneycontrol.com/news/business/moneycontrol-pro-weekender-|-finding-true-value _15704281.html

Moneycontrol Pro Weekender | Finding true value 

In the season of corporate earnings and IPOs, the flavour is valuation from Moneycontrol Business News https://www.moneycontrol.com/news/business/moneycontrol-pro-weekender-|-finding-true-value _15704261.html

United States consumer spending up a modest 0.6% with inflation high

At the same time, a key inflation barometer that#39;s closely followed by the Federal Reserve surged 4.4 percent last month from a year earlier — the fastest such increase in three decades from Moneycontrol Business News https://ift.tt/3GwG0i9

United States consumer spending up a modest 0.6% with inflation high

At the same time, a key inflation barometer that#39;s closely followed by the Federal Reserve surged 4.4 percent last month from a year earlier — the fastest such increase in three decades from Moneycontrol Business News https://ift.tt/3GuhBK1

Expected cuts to Treasury auctions may be #39;calm before the storm#39;

The move, which is well anticipated on Wall Street, will likely total an $800 billion cut in nominal auction sizes in the 2022 fiscal year compared with the 2021 fiscal year, according to estimates from NatWest from Moneycontrol Business News https://ift.tt/3pQNart

Expected cuts to Treasury auctions may be #39;calm before the storm#39;

The move, which is well anticipated on Wall Street, will likely total an $800 billion cut in nominal auction sizes in the 2022 fiscal year compared with the 2021 fiscal year, according to estimates from NatWest from Moneycontrol Business News https://ift.tt/3vV6ODK

Wall Street closes at new highs after day of choppy trading

The SP 500 rose 0.2 percent after wavering between small gains and losses for much of the day. The Dow Jones Industrial Average and Nasdaq each rose 0.3 percent Friday – both also set all-time highs from Moneycontrol Business News https://ift.tt/3Esxxud

Natural gas futures ease on muted global trend; technicals stay positive

The commodity has been trading higher than 20, 50, 100, and 200-day simple and exponential moving averages but lower than the 5-day SMA and EMA on the daily chart. from Moneycontrol Business News https://ift.tt/3BlybI1

Natural gas futures ease on muted global trend; technicals stay positive

The commodity has been trading higher than 20, 50, 100, and 200-day simple and exponential moving averages but lower than the 5-day SMA and EMA on the daily chart. from Moneycontrol Business News https://ift.tt/3EwgOGF

Natural gas futures ease on muted global trend; technicals stays positive

The commodity has been trading higher than 20, 50, 100, and 200-day simple and exponential moving averages but lower than the 5-day SMA and EMA on the daily chart. from Moneycontrol Business News https://ift.tt/3jJ0omc

IndusInd Bank raises Rs 2,800 crore debt capital via bonds

The Finance Committee of the board of the bank in its meeting approved allotment of 2,800 rated, listed, non-convertible, subordinated and unsecured Basel III compliant bonds in the nature of debentures towards non-equity regulatory tier 2 capital (T2 bonds) for cash aggregating to Rs 2,800 crore, the bank said in a regulatory filing. from Moneycontrol Business News https://ift.tt/3jPoHz4

MoS Finance Bhagwat Karad urges banks to improve credit penetration in north-eastern states

The company said it has inked a Memorandum of Understanding (MoU) with BluSmart Mobility for the supply of the units. from Moneycontrol Business News https://ift.tt/3mn2zh6

Honda to commence battery sharing service for e-three wheelers in India next year

The Japanese auto major aims to utilise #39;Honda Mobile Power Pack e#39; (MPP e), its all-new portable and swappable batteries for the purpose. from Moneycontrol Business News https://ift.tt/3CmwN9s

Tata Motors bags order for 3,500 XPRES-T EV units from BluSmart Mobility

The company said it has inked a Memorandum of Understanding (MoU) with BluSmart Mobility for the supply of the units. from Moneycontrol Business News https://ift.tt/3Cqz7MR

Inside Ola#39;s plan to crack the food and grocery delivery market, again  

Ahead of its $2 billion IPO, Ola is set to wade into the hyper-local and ultra-competitive grocery delivery space once again. Having burnt its fingers in the past, will it be second time lucky for the ride hailing platform? Moneycontrol examines what’s at stake. from Moneycontrol Business News https://www.moneycontrol.com/news/business/inside-ola39s-plan-to-crackfoodgrocery-delivery-market-again  _15697241.html

DLF cuts net debt by 16% in September quarter to Rs 3,985 crore

According to an investors presentation, DLF’s net debt has come down to Rs 3,985 crore as on September 30, 2021 from Rs 4,745 crore at the end of June quarter of this fiscal year. from Moneycontrol Business News https://ift.tt/3EuNTT4

Exclusive: Maruti plans new plant after 15 years; sets aside Rs 2,200 cr for FY22 capex 

The investment is part of Maruti’s 10-year, Rs 18,000 crore investment plan, which envisages annual capacity creation of 1 million units. This new plant will come up in Haryana, home to Maruti Suzuki since its birth in 1983 from Moneycontrol Business News https://www.moneycontrol.com/news/business/exclusive-maruti-plans-new-plant-after-15-years-sets-aside-rs-2200-cr-for-fy22-capex _15697101.html

SC allows new board of Unitech to appoint PMCs for completion of stalled projects

A bench of Justices DY Chandrachud and M R Shah said that the new board of management can proceed ahead with the appointment of PMCs for completion of the stalled projects. from Moneycontrol Business News https://ift.tt/3Gx1kEc

Squid Game cryptocurrency ‘SQUID’ rises 2,400% in one day

SQUID#39;s market capitalisation is above $174 million. from Moneycontrol Business News https://www.moneycontrol.com/news/business/squid-game-cryptocurrency-‘squid’-rises-2400one-day_15696681.html

Weekly Tactical Pick: Easy Trip Planners

While the stock of Easy Trip Planners commands a premium to its global peers despite its small size, we expect a good momentum as travel picks up and the company capitalises on this efficient execution model. from Moneycontrol Business News https://ift.tt/3pOAzVQ

IRCTC – The super-fast train suddenly jumps the rails

We see a significant downside in IRCTC and investors should not try catching a falling knife too soon from Moneycontrol Business News https://www.moneycontrol.com/news/business/irctc-–-the-super-fast-train-suddenly-jumpsrails_15696341.html

Govt diktat on IRCTC -- penny wise, pound foolish

The government’s action in taking away half of the convenience fee levied by IRCTC underlines the risk in public sector companies  from Moneycontrol Business News https://ift.tt/3CpXnhT

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers from Moneycontrol Business News https://ift.tt/2ZH8y7V

Petrol gets costlier by 35 paise, diesel by 37 paise, as fuel prices make records every day

Cooking gas LPG prices may be hiked next week after under-recovery on the fuel widened to over Rs 100 per cylinder. from Moneycontrol Business News https://ift.tt/2Y0p1Dq

Mahindra Finance Q2 net jumps over three-fold to Rs 1,103 crore

The company had posted a net profit of Rs 353 crore in the corresponding quarter of last year. from Moneycontrol Business News https://ift.tt/3GGkSpI

Hertz says it may expand supply of Teslas to Uber to 150,000

Hertz earlier this week said it would order 100,000 Tesla vehicles by the end of 2022, half of which would be offered exclusively as a rental option for Uber drivers by 2023. from Moneycontrol Business News https://ift.tt/2ZEF0Yn

Hertz says it may expand supply of Teslas to Uber to 150,000

Hertz earlier this week said it would order 100,000 Tesla vehicles by the end of 2022, half of which would be offered exclusively as a rental option for Uber drivers by 2023. from Moneycontrol Business News https://ift.tt/3jMgrjc

Hertz says it may expand supply of Teslas to Uber to 150,000

Hertz earlier this week said it would order 100,000 Tesla vehicles by the end of 2022, half of which would be offered exclusively as a rental option for Uber drivers by 2023. from Moneycontrol Business News https://ift.tt/3bkzInh