Diversified conglomerate ITC Limited on Wednesday said that the company will continue to deliver robust growth despite key concerns such as inflation. Speaking at the company's AGM virtually, CMD of ITC Sanjiv Puri said that in the FMCG space, the firm has nurtured 25 brands and the newer ones will garner an annual consumer spend [...]
A good number of stocks have given multibagger returns in the past two years. This happened mainly after the share prices of companies plunged during the pandemic and rose exorbitantly during the rally in 2021. However, here are a few stocks that have astonished many investors by giving multibagger returns in just one month: PC [...]
The government on Wednesday slashed the windfall tax on petrol, diesel, jet fuel and crude oil following a decline in international rates. It scrapped a Rs 6 a litre tax on export of petrol and reduced the same on ATF from Rs 6 a litre to Rs 4. Besides, the tax on diesel has been [...]
Mortgage lender HDFC Ltd on Tuesday said it has sold a portion of the shares of Ansal Housing which it had acquired by way of invocation after the housing construction company failed to pay its loan dues. Details about HDFC's loan exposure to Ansal were not provided. On June 16, Housing Development Finance Corporation (HDFC [...]
Canara Bank on Tuesday said it has raised Rs 2,000 crore by issuing Basel III compliant additional tier I bonds this month. The bank came out with the issuance of Rs 2,000 crore of additional tier-I bonds on July 15, 2022. "The bank received total bid amount of Rs 5,719 crore, out of which full [...]
Facing criticism over GST on daily use items, Finance Minister Nirmala Sitharaman on Tuesday said the 5 per cent tax is being levied on wheat flour and other items after nod from all states, including non-BJP ruled states. Non-BJP ruled states of Punjab, Chhattisgarh, Rajasthan, Tamil Nadu, West Bengal, Andhra Pradesh, Telangana and Kerala had [...]
Manali Petrochemicals Ltd, manufacturer of polyols and part of the AM International Group, Singapore has signed a commercial agreement with United Kingdom-based Econic Technologies to manufacture eco-friendly polyols, the company said on Tuesday. The agreement further strengthens the MPL-Econic partnership and the tie-up would offer significant upside across MPL's business value chain. The innovative technology [...]
Media firm TV18 Broadcast Ltd on Tuesday reported a 63.05 per cent decline in its consolidated net profit to Rs 60.02 crore for the first quarter ended on June 30, 2022. The company had posted a net profit of Rs 162.44 crore for the April-June period of the previous fiscal, TV18 Broadcast said in a [...]
Wire and cable manufacturer Polycab India on Tuesday reported a surge of 201.91 per cent in its profit after tax to Rs 222.54 crore during the first quarter of FY23. In the corresponding quarter of FY22, the company's PAT (Profit After Tax) stood at Rs 73.71 crore, Polycab India said in a statement. Revenue from [...]
Dividends have been a passive source of income for many people. Many investors make money from dividends even when stocks are trading sideways or are showing a downtrend. Here is a list of companies that are about to pay dividends this week: Hindustan Zinc Limited Ex-dividend date: 20-07-2022Dividend Type: InterimDividend per share: ₹ 21Face Value: [...]
