With a market capitalization of Rs. 710 crores, the shares of the Special Purpose Machines manufacturing company started Friday’s trading session on a lower note at Rs. 385 compared to its previous close of Rs. 389.70. During the trading session, the shares hit a low of Rs. 375.20, losing around 2 percent and closed the [...]
Prime Minister Narendra Modi has laid the foundation stone for various sanitation and cleanliness initiatives valued at over Rs.9,600 crore, encompassing the AMRUT and AMRUT 2.0 schemes, the National Mission for Clean Ganga, and the GOBARdhan Scheme. This includes projects exceeding Rs.6,800 crore aimed at improving urban water and sewage systems under AMRUT and AMRUT [...]
One of the effective methods for assessing whether a stock is undervalued or overvalued is by analysing key metrics such as the Price-to-Earnings (P/E) ratio and the industry P/E average. The P/E ratio or Price-to-Earnings ratio compares the current share price to the earnings per share (EPS) of a company, serving as a widely recognized [...]
The Union Cabinet chaired by Prime Minister Narendra Modi approved the proposal of the Ministry of Housing & Urban Affairs for Chennai Metro rail project phase-II comprising three corridors with a capital outlay of Rs. 63,246 Crores. The corridors connect North to South and East to West of Chennai, passing through the major influence areas [...]
India's alcoholic beverage industry ranks as the third-largest globally, with an annual consumption of approximately 970 crore liters, valued at around Rs.4.5 lakh crore, contributing significantly to both state and central revenues. Exporting alcoholic beverages is vital for alcohol companies as it creates new revenue streams and boosts overall profitability. Access to international markets enables [...]
According to the Ministry of Agriculture, India's edible oils and oilseeds industry in FY 24 is pivotal, with oilseeds production forecasted at 41.9 million metric tons. Despite a 2.6% decline in edible oil imports to 10.09 million tons, the country still relies on imports for about 55-60% of its edible oil needs, highlighting ongoing challenges [...]
As India and China navigate the balance between diplomacy and potential conflict, Indian businesses are actively seeking to reduce their dependency on Chinese products and investments. Additionally, the China Plus One strategy has emerged as a pivotal approach for multinational corporations (MNCs) looking to diversify their supply chains beyond China. This strategy aims to mitigate [...]
According to India Brand Equity Foundation, India's defence sector is a pivotal component of its economy, boasting a budget of $74.7 billion for 2024, making it the fourth largest globally. The sector aims to achieve $2.41 billion in exports for FY24, reflecting a significant growth trajectory with a 32.5% increase in exports from the previous [...]
The Kavach system is an advanced train protection system developed by Indian Railways. It is designed to enhance railway safety by preventing collisions, ensuring train speed control, and reducing human errors. Kavach system is India's indigenous solution to improve the safety and efficiency of its extensive railway network, aligning with the country's modernization goals for [...]
Video games are fast becoming a dominant force in the entertainment space. As reported by the BBC, gaming was already worth more in 2019 than music and video combined. The market has only kept growing ever since, weighing over ₹22 000 billion as of 2023 according to research company Mordor Intelligence. Investing in gaming can [...]
