Budget Highlights are as follows: · 11.4 cr farmers received cash transfer of Rs 2.2 trillion cash. · Rs 2,200 cr to be spent on ‘atmanirbhar plant program’. · Agriculture credit target to be increased to Rs 20 lakhs, fund to be set up for agri start-ups, digital agri infra to be […]
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CEAT is one of India’s leading tyre brands and the flagship company of the RPG group. CEAT produces more than 41 million high performance tyres, catering to various segments like 2-3 wheelers, passenger, utility vehicles, commercial vehicles and off-highway vehicles. Ceat exports its products to 110 countries and caters to more than 50 original equipment […]
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KEI Industries, leading manufacturer of wires and cables (W&C) is among the top three organized players in the Indian W&C industry. The company manufactures low tension (LT) cables, high tension (HT) cables, extra high voltage (EHV) cables and house wires. KEI Industries reported its third quarter FY23 results yesterday on January 23, 2023. The company […]
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Banking sector is expected to report a strong December Quarter 2022, driven by strong credit growth, improving asset quality and stable net interest margins. Bank Nifty is up 2% over the past 30 days. So is the Nifty Private Bank index. It’s the PSU bank index ahead of the private peers yet again in Q3FY23. […]
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Canara Bank reported 92% YoY net profit jump in December Quarter 2022. The PSU bank’s net profit came in at Rs 2,882 crore in Q3FY23 compared to Rs 1502 crore, in the same period a year ago. Robust net interest income (NII), lower provisions and controlled expenditure supported Canara Bank’s strong profitability in Q3FY23. Provisions […]
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Will the auto sector volumes go back to pre-Covid levels in 2023
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Tata Consultancy Services (TCS) stock price fell 2% post its December quarter 2022 result announcement. Revenue growth came in at 19% YoY and net profit grew 11% YoY, but the street was not impressed. Nifty IT is the worst performing sector index down 26% YoY. While the present uncertain global macro-economic and geopolitical tensions persist, […]
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Titan Company’s quarterly business update was released on January 6, 2023. The stock price fell 2% intraday on the same day. As per the Q3FY23 business update, watches & wearable segment reported sales growth of 14% YoY followed by jewellery segment sales rising 11% YoY. Eye care sales grew 10% YoY. Quarterly growth rates in […]
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Festive season is definitely over, this can be gauged from the wholesale and retail 2-wheeler numbers of December 2022. While Hero MotoCorp (HMCL) reported flat YoY wholesale volume growth, Bajaj Auto (BAL) and TVS Motors wholesale volumes contracted 2% and 3% respectively in December 2022. .The overall wholesale volumes for top three listed two-wheeler manufacturers […]
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The Reserve Bank of India released its bi-monthly Consumer Confidence Survey on December 8, 2022. The survey pertains to the November 2022 period and gathers information about consumers current perceptions and future expectations (current situation vis-a-vis a year ahead) with respect to general economic situation, employment scenario, overall price situation and own income and spending […]
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