SEBI Places F&O Ban on IRCTC, NALCO and Indiabulls Housing Finance

by Revati Krishna • September 9, 2021

Stocks get banned in the F&O segment to ensure market stability and protect the interest of investors and traders. Market regulator, SEBI, sometimes places a ban on certain scripts or stocks to be traded in the F&O segment. As on September 9, 2021, NSE has banned the trading of three stocks – IRCTC, NALCO and […]

SEBI to offer T+1 settlement cycle from 2022 to exchanges

by Revati Krishna • September 7, 2021

In a circular dated September 7, 2021, the Securities and Exchange Board of India (SEBI) has provided the stock exchanges (NSE and BSE) the flexibility to offer T+1 or T+2 settlement cycles for the delivery of stocks. This is expected to be enforced from January 2022 onwards. This will not impact intraday traders. Read on […]

Banking Sector Quarterly Results

by Revati Krishna • September 7, 2021

The banking industry is said to be the foundation of any country’s economy. As of September 7, 2021, India has around 12 public sector banks, 22 private sector banks, 45 foreign banks, 43 regional rural banks, 1,531 urban cooperative banks, and over ~97,000 rural cooperative banks are operating in the country to make sure that […]

Airtel’s 21,000 Crores Rights Issue Opens On October 5

by Revati Krishna • August 31, 2021

Bharti Airtel’s rights issue will open on October 5. The issue will close on October 21. The company had announced plans for a Rs 21,000 crore rights issue.  The rights issue price is Rs 535 per share. The record date for the rights issue is September 28. This means that you need to be a […]

SEBI Bans Kotak AMC From Launching New FMP Schemes For 6 Months

by Revati Krishna • August 29, 2021

In an order issued by the Securities and Exchange Board of India (SEBI), Kotak Mahindra Asset Management Company (Kotak AMC) has been fined Rs. 50 lakh and barred from launching any new Fixed Maturity Plan (FMP) Schemes for the next six months. What are FMPs? FMPs are closed-ended debt mutual fund schemes that have a […]

AGR Case: All You Need To Know

by Revati Krishna • August 18, 2021

The telecom industry has won a long-drawn battle. In a press conference on September 15, the telecom minister announced a four-year moratorium for AGR dues of the telecom companies. This means that the telecom companies will get four more years to pay back their adjusted gross revenue (AGR) dues. Another big win for the industry […]

Future Retail Limited Q1 Results FY22

by Revati Krishna • August 16, 2021

Future retail released its earnings report on August 14, 2021, and reported a consolidated net loss y-o-y at Rs 1,147.13 crore against Rs 561.95 crore in the year-ago period. The company’s total income declined by Rs 600 crore over the previous quarter. The company which operates leading retail stores like Big Bazaar, FBB, Nilgiris, Foodhall, […]

Vodafone Idea Q1 Results FY22

by Revati Krishna • August 16, 2021

Telecom giant Vodafone Idea’s loss-making trend continued with the company reporting a consolidated net loss of Rs 7,319 crore in Q1 FY22. The debt-ridden telco reported a decline in revenue and other income amid low recharge volume during the second wave of COVID-19 & economic slowdown. While the company was able to retain customers over […]

Tata Steel Q1 FY22 Results

by Rohit Bhattacharya • August 12, 2021

Indian steelmaker Tata Steel today reported its financials for the Q1 FY22 to SEBI with a more than 100% y-o-y increase in consolidated net profit at Rs 9,768.34 crore. The company beat market estimates and recorded a revenue of Rs 52,300 in Q1 FY22 with strong market financials and buoyant market conditions. Let’s highlight here […]

NMDC Q1 Results FY22

by Revati Krishna • August 12, 2021

India’s largest iron-ore manufacturer NMDC today announced its quarterly results and termed the Q1 FY22 results as one of its best Q1 performances since the inception of the enterprise. NMDC reported a whopping 500% y-o-y increase in the consolidated net profit at Rs 3,191.45 crore. The state-owned mineral-producing company also reported a 423% EBITDA rise […]

RBI’s Operation Twist: Here’s All You Need to Know

by Revati Krishna • August 9, 2021

Operation twist is a mechanism under which the Reserve Bank of India does simultaneous buying and selling of government securities (both short-term and long-term government securities) through open market operations (OMO). Operation twist is adopted by the Reserve Bank of India to revive the economic slowdown, bring down interest rates to boost investments. Operation twist […]

Tata Power Q1 Results

by Revati Krishna • August 7, 2021

Tata Power published its first quarterly results for the new fiscal year on August 6, 2021. Tata Power’s consolidated net profit rose 74% year-on-year (y-o-y) to Rs 465.69 crores compared to Rs 268.10 crores last year. Tailwinds from a consistent performance by all businesses, reduction in finance cost and higher execution of EPC projects helped […]

Vodafone repays Franklin Templeton investors

What’s in Store For Vodafone Idea

by Revati Krishna • August 7, 2021

As soon as the morning bell at the stock market on August 5, 2021, rang, we witnessed Vodafone-Idea share reacting to some overnight development – Kumar Mangalam Birla who has helmed the company for long as the non-executive chairman has resigned. The stock slumped nearly 24% in trade that day. The very next day, while […]

Adani Green Energy Q1 Results

Adani Power Q1 Results

by Revati Krishna • August 6, 2021

Adani Power Limited, the largest privately-owned thermal power producer in India, posted its first quarterly results of the new financial year on 5th August 2021. The company recorded an impressive performance as it recovered from losses of Rs 682 crore posted in the first quarter of the last financial year to post a profit after […]

Adani Green Energy Q1 FY22 Results

by Revati Krishna • August 4, 2021

Adani Green Energy Limited reported quarterly figures on August 4. A 22.89% jump in total income to Rs 1,079 crore in Q1 FY2022 over Q1 FY2021 led by robust growth in revenue from the power supply, pushed the company to report its best-ever revenue in a quarter yet. Revenue from power supply rose by 39% […]

SBI Q1 FY22 Results: Net Profit Up 55%

by Revati Krishna • August 4, 2021

The State Bank of India, the country’s largest public-sector lender, logged a record profit of Rs 6,504 crore in Q1 of the current financial year. This is an over 55% y-o-y rise in its standalone profit after tax. SBI had posted a profit of Rs 4,189 crore in the same quarter in the year-ago period. […]

Adani Green Energy Q1 Results

Adani Enterprises Q1 Results

by Revati Krishna • August 4, 2021

On 3rd of August 2021, Adani Enterprises Limited, the flagship company of the Gautam Adani-led Adani Group, published its first quarterly results. Consolidated net profit for the company witnessed an 8-fold year-on-year (y-o-y) rise in the first quarter of the financial year 2021-2022 on the back of increased revenue and lower base of last year. […]

Bharti Airtel Q1 Results FY22

by Revati Krishna • August 3, 2021

Bharti Airtel posted its first quarterly results for the financial year 2021-22. Net profit for the company nosedived 62.7% (quarter-on-quarter) q-o-q to Rs 284 crores, much below street’s expectations. The company attributed the impact on profit to increased tax outgoes over previous periods. This however is the third straight quarter that the company is reporting […]

Adani Ports Q1 Results FY 22

by Revati Krishna • August 3, 2021

Adani Ports and Special Economic Zone Limited, also called APSEZ, has posted a remarkable growth in its quarterly results published on 3rd August 2021. The company boasted of a 77.04% year-on-year (y-o-y) increase in net profit, from Rs 757.83 crore reported last year to Rs 1,341.69 crore this year. The Adani Ports Q1 Results showed […]

IDFC First Bank Q1 FY22 Results

by Revati Krishna • August 2, 2021

IDFC First Bank reported a Rs 630 crore loss in Q1 FY2022 against a net profit of Rs 94 crore reported in the same quarter last year. The private lender attributed this wide gap to the provisioning measures the bank had to undertake for cushioning the impact of the second wave of the Covid-19 pandemic. […]