Finance Minister will be presenting the Union Budget 2024-25. It will be a record seventh consecutive Budget presentation for Ms. Sitharaman. While a comprehensive analysis would be extensive, here are some key highlights: Economic Outlook GDP Growth Target: The government projected a robust GDP growth rate. Inflation Management: Strategies to […]
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Market Open The Indian benchmark indices opened lower on Monday. The Sensex opened at 80,141 points, a decrease of 463 points from the previous close. The Nifty50 index also opened lower, falling by 147 points or 0.6% to 24,383 points. Market Recovery However, the markets staged a recovery shortly after […]
Indian billionaire Gautam Adani and Singapore-based Wilmar International are indeed exploring the sale of a minority stake in their joint venture Adani Wilmar. This is to comply with shareholding regulations in India. Stake being sold: Up to 13% of Adani Wilmar, potentially in equal stakes by both Adani and Wilmar […]
Profit growth: Net profit is expected to show a significant increase, with estimates ranging from 17% to 19% YoY . Margin improvement: Potentially lower input costs could lead to an expansion of EBITDA margins by 90-100 bps YoY . Bajaj Auto’s stock price has been on a positive trend in […]
Quant Mutual Fund is facing a Securities and Exchange Board of India (SEBI) probe into possible front-running,but they are clarifying recent actions. SEBI data collection: There were reports of SEBI collecting data from Quant Mutual Fund. The fund house says this data collection was not a regular process, but rather […]
The National Stock Exchange of India (NSE) has made stricter rules for what kind of stocks can be used as collateral. This will affect borrowing money for trading purposes. What is collateral? Collateral is a security that a borrower gives to a lender to secure a loan. If the borrower […]
Positive: Strong TCS Q1: A solid performance by TCS, the leading Indian IT company, can boost investor confidence in the entire sector. It suggests healthy demand for IT services and strengthens the outlook for other companies. Surprise US CPI drop: A lower Consumer Price Index (CPI) in the US indicates […]
Revenue Growth: While the profit growth is healthy, the revenue growth of 5.4% is slightly lower than the projected 4.8-5% range by analysts . Margin Pressure: As expected, the wage hikes impacted margins, aligning with analyst predictions of a contraction . Workforce Expansion: Adding over 5,400 employees suggests TCS is […]
Nestle India did announce an interim dividend of Rs 2.75 per share for the financial year 2024-25. The record date for the dividend is July 16, 2024, and the dividend will be paid on and from August 6, 2024, along with the final dividend for the fifteen months financial year […]
Changes in GST Rates of Goods: Uniform IGST Rate: 5% on imports of parts, components, testing equipment, tools, and tool-kits for air crafts. GST on Milk Cans: All milk cans (steel, iron, aluminum) to attract 12% GST. GST Reduction on Cartons: Carton, boxes, and cases of corrugated and non-corrugated paper/paper-board […]