Q3 numbers modest; RIL, IT Inc make presence felt
Aggregate numbers were influenced by the performance of Reliance Industries (RIL), the country’s largest company by revenue and market capitalisation, and by the top software exporters.
RBI’s got a tough call in Feb as global peers opt for rate cuts
Four of the six central banks overseeing the 10 most heavily traded currencies held meetings since November, and have lowered their lending benchmarks.
Sebi tackles tech glitches with new online monitoring mechanism for system audits of brokers
The paper addresses the growing complexities of trading systems and the rising risks of technological glitches. The proposals aim to enhance audit practices, fostering a stronger regulatory framework. Public comments are invited until December 26.
11 stocks with consistent sales and profit growth turned multibaggers in FY25
In volatile market conditions, 11 fundamentally strong stocks have shown impressive double-digit sales and profit growth, with significant price surges, doubling investors’ wealth in FY25. Stocks include PG Electroplast, Balu Forge, and others.
Swiggy Q2 Results: Cons loss narrows YoY to Rs 625 crore, revenue jumps 30%
Swiggy Q2 Results: Swiggy’s food delivery business nearly doubled profitability, with adjusted EBITDA at Rs 112 crore, a 1.6% margin, and GOV growing 5.6% QoQ to Rs 7,191 crore. The company’s new 10-minute delivery service, ‘Bolt,’ now contributes 5% of total food deliveries within just 8 weeks. Swiggy Instamart saw strong performance, with GOV growth […]
Should you start preferring Swiggy over Zomato now? Deepak Shenoy answers
Deepak Shenoy highlights Swiggy’s potential as an investment, suggesting giving it two quarters post-IPO for better evaluation. He notes Swiggy’s initial challenges, like stock option-based compensation, but believes its rising performance and Instamart’s growth make it worth watching. Additionally, Shenoy mentions cautious optimism for cement stocks and LIC’s improving market share and premium growth.
Tech View: Nifty sustains above 21EMA. Here are cues for Wednesday’s trade
The Nifty continues its upward climb, breaking through key resistance levels and signalling a growing bullish sentiment. Surpassing the 38.20% Fibonacci retracement level and the 21-day exponential moving average, the index now targets 24,600–24,700. Maintaining above 24,400 is crucial for this bullish momentum, with a fall below potentially triggering a correction towards 24,150. Investors are […]
Long voyage time impacted trade, no container shortage: Govt to Parliament
Global trade, including Indian exports, is impacted by extended voyage times and conflicts in key regions. Despite no reported container shortages, India’s limited container manufacturing capacity is noted. Measures to reverse startup flipping and PLI schemes have shown substantial economic growth and export contributions.
No proposal under consideration for adding new sectors in PLI scheme: MoS Jitin Prasada
The government is not considering adding new sectors to the PLI scheme, which aims to boost manufacturing and exports. Current focus includes electronics, pharmaceuticals, and textiles, with significant progress in mobile phone exports and job creation. Efforts are ongoing to address challenges in the gems and jewellery sector.
India’s falling wages squeezes urban middle class and economy
Indian wages contracted last quarter for the first time since the pandemic. This curbed consumer spending and led to weaker corporate profits among major companies like Maruti Suzuki and Hindustan Unilever. The slowdown poses challenges for the government’s growth goals. Opposition parties criticized the government for ignoring the economic difficulties of the middle class.