News

ITC Q1 Results

ITC Quarterly Results: Net Profit Rises 30% to Rs 3,343 Crore

by Sathish SS • July 25, 2021

ITC Ltd reported an overall 30% rise in consolidated net profit for Q1 FY22 at Rs 3,343 crore over the last financial year (Q1 FY21). However, the consolidated net profit fell 12% on a q-o-q basis from Rs 3,816 crore on account of operations being hit by the second wave of coronavirus. While the company’s […]


RIL Quarterly Results: Net Profit Falls 7% YoY to ₹12,273 cr

by Revati Krishna • July 23, 2021

The quarterly results of Reliance Industries Limited were announced late on 23rd July 2021. The megacorp declared consolidated net profits of Rs 12,273 crore, a fall of 7% from the Rs 13,233 crore reported in the first quarter of the last financial year. However, last June saw an exceptional gain of Rs 4,966 crore; This […]


Yes Bank Quarterly Results: Net Profit Soars 355% to ₹207 Cr

by Revati Krishna • July 23, 2021

Yes Bank has released its quarterly results for Q1 FY 2021-22. The private sector bank reported net profit at Rs 207 crore, up by 355.2% on a year-on-year basis, the highest in the last 10 quarters. The bank had reported a net loss of Rs 3,788 crore in the quarter ended March 31, 2021 and […]


Hindustan Unilever Quarterly Results

by Revati Krishna • July 22, 2021

Hindustan Unilever Limited (HUL) published its first quarter results for the financial year 2021-22. The FMCG major posted a growth of 10% in its net profit on a year-on-year (y-o-y) basis. The profit, at Rs 2,061 crore, was in line with market expectations. This figure is, however, down 3.8% from the net profit reported in […]


HCL Tech Quarterly Results: Net Profit Up 9% in Q1

by Revati Krishna • July 20, 2021

IT services player HCL Technologies reported satisfactory numbers in Q1 FY22 aided by a slew of new deals in the cloud and business transformation services segments. The company also reported renewed demand for its major areas of engagement that include software services, business process outsourcing and tech-infrastructure services. HCL Technologies reported a 9.4% rise in […]


HDFC Bank Quarterly Results: Net Profit Up 16.6% to Rs 7,729.64 Crores

by Revati Krishna • July 19, 2021

HDFC Bank released its earnings report for the first quarter of FY22 with a 16.1% y-o-y increase in standalone net profit to Rs 7,729.64 crore. This is lower than market expectations of Rs 7,900 crores. Changes in customer behavior amid the coronavirus-led pandemic and the slew of ensuing lockdowns affected business activity, according to the […]


Wipro Quarterly Results: Net Profit Up 9%

by Sathish SS • July 17, 2021

IT services giant Wipro reported their first-quarter results of FY 22. The company beat its own growth guidance and revenue estimates pushed by investments in the digital sector as scores of businesses leveraging the online space during the pandemic.   Wipro’s net profit rose 9% sequentially to Rs 3,242.6 crore in the June quarter. The company […]


infosys infy office

Infosys Quarterly Results: Net Profit Up 23%

by Rohit Bhattacharya • July 16, 2021

Infosys announced their first-quarter results of FY22. The company recorded its fastest growth in the first quarter of a financial year in a decade. The country’s second-largest IT services company clocked a 22.7% y-o-y rise in the Q1 net profit from Rs 4,233 crore to Rs 5,195 crore. The company’s revenue saw a growth of […]


Tata Consultancy Services(TCS) Quarterly Results: Net Profit Up 29%

by Revati Krishna • July 12, 2021

Revenues for India’s largest IT services provider- Tata Consultancy Services – continued its winning streak for the fourth straight quarter in Q1 FY22. The company’s consolidated revenues surged 3.9% q-o-q and 18.5% y-o-y to Rs. 45,411 crore. Net profit stood at Rs 9,008 crore for the quarter, up 28.5% on the back of high demand […]


Vodafone Idea Q4 Results Out – Company’s Net Loss Reaches Rs 6,985 Crores

by Revati Krishna • July 2, 2021

Vodafone Idea’s loss-making trend continued in the January-March 2021 quarter (Q4) with the telecom giant reporting a loss of Rs 6,985 crores. High competition and the absence of interconnection charges dragged revenues for the mobile operator, yet again raising questions about the viability of the business. The company had reported a loss of Rs 4,540 […]


5 Times a Stock’s Price Went Up for the Wrong Reasons

by Revati Krishna • April 27, 2021

Have you ever wondered what’s in a name? Turns out, a lot.  Recently, Bombay Oxygen experienced a sudden surge in its stock price due to the rise in oxygen demand? The exciting part is, the company has nothing to do with oxygen. This was just one of the many instances when a company’s stock price […]


sebi

Sebi’s New Rule to Discourage Spoofing by Traders

by Revati Krishna • April 1, 2021

In a bid to make the Indian securities market free of manipulative trading and spurious movement in prices, the Securities and Exchange Board of India (Sebi) has made excessive modifications and cancellations in stock market orders a punishable activity. This is effective April 5. This is also known as spoofing. Any violation of this new […]


How Will The New Wage Code Impact Your Take Home Pay in India

by Revati Krishna • March 19, 2021

Coming April 2021, the beginning of the new financial year, the salary structure for most of us will be changing due to the new wage code. The new wage code mandates that your basic pay should be at least 50% of the total cost to the company (CTC).  However, how will this change affect your […]


Franklin Templeton Begins Repayment to Investors in Shut Down Funds

by Revati Krishna • February 18, 2021

With what has been a roller-coaster ride for investors since April 23, 2020, when Franklin Templeton Mutual Fund announced the winding up of six of its debt schemes, there is finally some respite with recent Supreme Court directions. Today, we will look at all the details of what transpired since the announcement of the voluntary […]


What Retail Investors Can Expect From Budget 2021

by Revati Krishna • February 3, 2021

The Union Budget for the upcoming financial year 2021-22 was announced by Finance Minister Nirmala Sitharaman on February 01, 2021. The year 2020 created ripples in the water for millions of people. Volatile markets, slashed interest rates, job losses, pay cuts and an overall negative macro-economic sentiment.  Keeping this in mind, the government has kept […]


Budget 2021 Market Impact: Health, Infra, Banking, Steel & More

by Revati Krishna • February 2, 2021

The union budget 2021 had a massive impact on the Indian markets today. The benchmark indices, which is Sensex and Nifty recorded the highest budget day gains in more than 2 decades. Nifty was up 4.74% to 14,281.2 and Sensex was up 5% to 48,600.61. Banking and realty indices were the topmost gainers on the […]


Mutual Fund Rules

Mutual Fund Rules That Come Into Effect from 2021

by Revati Krishna • January 15, 2021

There have been many regulatory changes in the mutual funds industry. The Securities and Exchange Board of India (Sebi) has time and again brought in new rules to keep the system fair, safe and transparent for the end-user, the investors. Sebi introduced a few changes last year for mutual funds that will be applicable from […]


Franklin Templeton Latest News

Franklin Templeton SC Hearing: SC asks FT to Take Unitholders’ Approval for Winding Up Schemes

by Rohit Bhattacharya • December 3, 2020

The Supreme Court, on December 3, 2020, directed a stay on redemption requests from investors and allowed Franklin Templeton Trustees to conduct a unitholders’ meeting to get their consent/approval on winding up the six debt schemes. The decision was taken after hearing the petition filed by Franklin Templeton Mutual Fund (FT MF) challenging a Karnataka […]


Lakshmi Vilas Bank Merger Latest News

Lakshmi Vilas Bank Moratorium Lifted – To be Operated as DBS from 27th Nov

by Rohit Bhattacharya • November 26, 2020

As per the latest update on the developments Lakshmi Vilas Bank, the moratorium placed on the bank by RBI on  November 17, 2020 is going to be lifted on November 27, 2020 November. The government had imposed a 30-day moratorium on the lender wherein the cash withdrawal was capped at Rs. 25,000 per depositor. The […]


Lakshmi Vilas Bank Under Moratorium by RBI: To be Merged with Singapore’s DBS

by Rohit Bhattacharya • November 18, 2020

Reserve Bank of India (RBI) has imposed a moratorium on Lakshmi Vilas Bank for a period of 1 month, effective 6 pm, November 17th until December 16th, 2020. Moreover, the RBI also announced the amalgamation of Lakshmi Vilas Bank and DBS within minutes of putting LVB under moratorium. During this moratorium period of 1 month, […]