On Monday, i.e., 31 January 2022, Auto player Tata Motors posted a consolidated net loss amounting to Rs. 1,516 crores for the third quarter of FY 2022. During the same quarter previous year, the company had reported a net profit worth Rs. 2,906.5 crores. Resultantly, Tata Motors share price fell over 3% during the early …
The Honorable Finance Minister Nirmala Sithraman presented the budget today, February 1, 2022. Along with many other announcements, the FM talked about Emergency Credit Line Guarantee Scheme (ECLGS). The government’s emergency credit scheme, which was launched to support the credit needs of sectors hit by the pandemic, will be extended for another year up to …
Leading FMCG brand Dabur India has accomplished a net profit of Rs. 504.35 crores during quarter 3, ended in December 2021 ─ a 2.19% rise from the preceding year. During the October-December quarter of 2020, this company’s net profit amounted to Rs. 493.50 crores. Read through to get a comprehensive overview of Dabur! What About …
HDFC’s Q3 results are out, and it looks like the company has beaten market estimates for its net profit. Net profit increased by around 11% year-on-year, standing at Rs. 3,261 crores. Moreover, reduced tax expenses helped this company’s bottom line. The tax expenses came at Rs. 787.5 crores for the December quarter as compared with …
India drastically slashed its asset sale target, which raised several questions regarding how much it is planning to generate from the IPO of LIC. This announcement was recently made during the budget session of 2022. Are you interested in knowing more about this topic? Read on. Lowered Divestment Estimates On Tuesday, i.e., 1 February 2022, …
Recently, Amazon came out with quarterly results and the promising number pushed its shares price higher by a whopping 17%. This soared the founder Jeff Bezos’ wealth. If the stock price rises by the same percentage again, it would be its biggest percentage gain since 2009 and give Jeff Bezos’ wealth a boost of $20 …
Meta, as it has been called, is spending substantially on its future “metaverse” project, although advertising revenue accounts for virtually all of its revenue for the time being. So when it reported dramatically increased expenses but a lackluster sales projection late Wednesday, investors were alarmed — and the business once known as Facebook’s value was …
The impact of the new Covid-19 variant, Omicron, may reportedly be not as severe on the country’s economy, according to the latest economic review from the government. The report notes that although it does pose some risk to the current recovery on the global scale, its impact may not be as adverse on India’s economy …
After a rough 2020, the world got worse. It only got worse. In the wake of the COVID-19 scandal, India’s healthcare system was brought to its knees. The country was also hit by the worst riots in its recent history. Despite the volatility, the Nifty50 is up more than 21 percent so far this year. …
The Ministry of Finance (MoF) recently communicated about their plan to raise funds via another round of Bharat Bond ETF in the next month before the calendar year 2021 ends. The final amount has not been fixed as per the officials but they added that the number can go above Rs. 100 billion. Looking at …
