India's crude steel output rose by 2.56 per cent to 30.06 million tonne (MT) during the July-September period of the ongoing financial year. As per research firm SteelMint, the top six steel makers -- SAIL, Tata Steel, JSW Steel, JSPL, AMNS India and RINL -- produced 18.29 MT steel, the rest 11.77 MT came in [...]
Debt is an important parameter that we check while analysing a company. It is an important source from which companies raise capital for their business apart from equity. Having an ideal amount of debt can help to reduce the cost of capital of a company, however, too much of it can pose threats to its [...]
The shares of credit rating agencies CARE ratings and ICRA inched higher on Friday’s early trades after the Securities and Exchange Board of India (SEBI) took action against their peer. CARE ratings gained 4.81% to reach an intraday high of ₹536.85, while ICRA gained 2.53% to reach an intraday high of ₹ 4100.00. The capital [...]
The revenue growth of Indian agrochemical stocks is expected to remain weak for the September quarter. This is primarily because the fertilizer companies had to resort to price increases to counter cost inflation. This along with weaker rain distribution impacted demand resulting in subdued volume growth. However, analysts remain bullish on the sector. Brokerage Nirmal [...]
Richest Asian Gautam Adani on Friday announced a Rs 65,000 crore investment in Rajasthan over the next 5 to 7 years in setting up a mega 10,000 MW solar power capacity, expanding cement plant and upgrading Jaipur airport. The investment by ports-to-energy conglomerate that Adani heads also spans city gas infrastructure for retailing CNG to [...]
Equitas Small Finance Bank on Friday said its gross advances grew by 20 per cent to Rs 22,802 crore at end of September 2022 quarter. The Bank's gross advances in the year-ago period of September 2021 stood at Rs 18,978 crore. During the second quarter ended September 2022-23, the Bank's disbursements were up by 22 [...]
The shares of jewellery and other wearables retailer Titan Ltd. jumped 5% in the early hours of trading on Friday. As of 12:00 noon, the stock was trading at Rs. 2,721, up Rs. 128 for the day. This comes on the back of strong year-on-year (YoY) growth of 18% that the company achieved for the [...]
German luxury carmaker Audi on Friday reported a 29 per cent growth in retail sales at 2,947 units in the January-September period of this year in India. Audi India had retailed 2,291 units in the same period last year. The growth was driven by the new A8 and Q7, coupled with continued demand for the e-tron [...]
All brokerages must transfer unused funds back to the customer's bank account as part of the new account settlement process, starting today. Nithin Kamath, founder and CEO at Zerodha estimated that these funds will be more than ₹ 25,000 crores across the country. Capital markets regulator, Securities and Exchange Board of India (SEBI) has issued [...]
The shares of JSW Energy shot up more than 12% during intraday trade on Thursday. The company entered an agreement with the Maharashtra government to establish a 960-megawatt hydro pump storage project in Raigarh. As of 11:40 IST on Friday, the shares were exchanging hands for Rs. 334 a piece, up 1.36% for the day. [...]
