Heavy rains and the festival season have led to a roll back of price hikes to pass on high input costs. In Q2 FY22, the all India cement prices have been estimated to be around Rs.369 per bag. The price roll backs and depleted fuel stocks have kept t

On Tuesday, the benchmark index, Nifty has marked the fresh all-time high of 18604.45 level in the first 15-minutes of the trading session. Thereafter, the index was unable to move above its first 15-minutes candles high and witnessed correction. Thi

Nestle India said Tuesday its profit after tax for the third quarter ended September 2021 rose 5 to Rs 617.4 crore from Rs 587 crore a year earlier, helped by volume growth and price hikes as demand recovers. The company, which follows the Januar

Today market has closed in red, S&P BSE Information Technology is the top gainer while S&P BSE Realty is the top loser. After a positive close on Monday (18th October 2021), the market closed in red after a sudden sell-off in the last hour

Solar Industries has won an order of INR14.7bn from Coal India (CIL) which is to be delivered in two years. Order size has almost doubled from the last one. This is on account of increased production expectation by CIL ,sharp increase in the price of

ACC Ltd, which is part of Holcim (formerly LafargeHolcim), has reported strong earnings for the quarter ended September 30, beating street estimates, even though high fuel costs increased its operational expenses. ACC churned out 23.6 growth in n

HDFC Bank reported 17.6 YoY growth in PAT, led by 14.4 YoY growth in operating profit and lower than-expected provisioning. Loan book grew by 15.5 YoY but the pick-up in the retail segment is encouraging, where growth has been lack lustre in the l

Mohnish Pabrai believes in value investing; an investment philosophy that is inspired by Warren Buffet. Introduction - Mohnish Pabrai is a seasoned investor and the managing partner of the Pabrai Invest

Domestic equity indices continued the bull run to hit record highs on Tuesday, October 19, in a volatile trading session. The BSE Sensex and Nifty 50 gave up early gains and slipped into the red during the late morning deals, but turned positive t

Bad loans at Indian banks will likely increase in the current financial year after declining for three years in a row but will remain below the 2018 peak, credit ratings firm Crisil Ltd said Tuesday. Gross non-performing assets (NPAs) of Indian ba

This acquisition is pursuant to the right available to the company under the subscription and shareholders’ agreement signed for the acquisition of a 51 stake in 2018. Global technology solutions leader, Aurionpro has announced the si

Hindustan Unilever Ltd said Tuesday net profit for the second quarter of this fiscal year rose 8.86 from a year earlier as it increased prices of some products to offset a rise in input costs and controlled expenses. Standalone net profit increas