With a market capitalization of ₹ 599 crores and a share price of ₹ 4.50, Vikas Lifecare Ltd. (VLL), is a penny stock. The company is engaged in the business of manufacturing polymer and rubber compounds and specialty additives for plastics, synthetic & natural rubbers. up-cycled. It manufactures up-cycled compounds from industrial and post-consumer waste [...]
Industry body PHDCCI on Tuesday sought increase in the tax rebate benefits for consumption expenditure, reduction in the cost of doing business and hassle free disbursement of loans at affordable rates for businesses in the upcoming Union Budget 2023-24. "At this juncture, to enhance the consumption in the economy, there is a need to increase [...]
Finance Minister Nirmala Sitharaman will keep on the path of fiscal consolidation and opt for narrowing the FY24 fiscal deficit to as low as 5.8 per cent in the upcoming Budget, analysts said on Tuesday. The government may go for a fiscal deficit number which will be far lower than the 6.4 per cent of [...]
Indian consumers are willing to pay a premium for purchasing their next vehicle despite fears of inflation, with a large portion of them looking at automobiles in the Rs 10–25 lakh price bracket, according to a study by Deloitte. They are now prioritising experience over cost, indicating a clear shift in buying pattern and a [...]
Sundram Fasteners Ltd, engaged in manufacturing of auto components has bagged a USD 250 million contract from a top automobile manufacturer for supply of sub-assemblies to its electric vehicle segment, the company said on Tuesday. The city-based company said the award of contract was the biggest EV contract secured in its 60 year old history. [...]
Operating margins of India Inc are likely to have fallen by 270 basis points (bps) to 18-19 per cent in the December quarter on easing commodity prices and moderating revenue growth, says a report. However, sequentially, operating margins are set for a rise for the first time in six quarters, Crisil said on Tuesday. Cheaper [...]
Vijay Kedia, a seasoned investor has trimmed his stake in a Tata Group stock. Tejas Networks is a part of the Tata Group and it is a global R&D-driven telecom equipment company headquartered in India. Its shares were trading at ₹ 557.80 down 1.16% at 03:15 PM on Tuesday. Vijay Kedia is a known name [...]
The Reserve Bank has sounded a note of caution on reversion to the old pension scheme by some states, saying it poses a major risk on the "subnational fiscal horizon" and would result in accumulation of unfunded liabilities in the coming years for them. The observations in the RBI's Report titled 'State Finances: A Study [...]
The Sensex and Nifty ended nearly 1 per cent higher on Tuesday amid buying in index majors Reliance Industries and HDFC twins. The 30-share BSE benchmark Sensex rallied 562.75 points or 0.94 per cent to settle at 60,655.72. During the day, it jumped 611.51 points or 1 per cent to 60,704.48. The broader NSE Nifty [...]
Media firm TV18 Broadcast Ltd on Tuesday reported an 87.86 per cent decline in its consolidated net profit to Rs 37.81 crore for the third quarter ended December 31, 2022, on account of a decline in advertising revenue. The company had posted a net profit of Rs 311.55 crore for the October-December period of the [...]
