Budget Highlights 2024-25
Indiastockguru Team Gross Total Income Tax Rate Applied Upto Rs 3 Lakh Nil Rs 3-7 Lakh 5% Rs 7-10 Lakh 10% Rs 10-12 Lakh 15% Rs 12-15 Lakh 20% Above Rs 15 Lakh 30%
Continue ReadingIndiastockguru Team Gross Total Income Tax Rate Applied Upto Rs 3 Lakh Nil Rs 3-7 Lakh 5% Rs 7-10 Lakh 10% Rs 10-12 Lakh 15% Rs 12-15 Lakh 20% Above Rs 15 Lakh 30%
Continue ReadingSuhani Adilabadkar Tata Consultancy Services (TCS) stock price soared 7% on June 12, 2024 driven by better-than-expected June Quarter 2024 results, announced a day before after-market hours. The IT bell-weather’s resilience continued into FY25 with strongest constant currency (cc) YoY growth over the past four quarters, robust operating margins and positive momentum witnessed in the […]
Continue ReadingSuhani Adilabadkar With retail inflation coming above 5% in June 2024, it’s easier for RBI to say no. In the last monetary policy committee (MPC) meeting, the Reserve Bank of India with a majority of 4:2 voted in favour of maintaining the status quo. Repo rate was unchanged at 6.5% in May 2024. The […]
Continue ReadingIndiastockguru Team Tata Consultancy Services (TCS) reported revenues of Rs 62,613 crore up 5.4% YoY and with 2.25% growth sequentially. Constant currency growth stood at 4.4% YoY in June Quarter 2024. In dollar terms, revenues stood at $ 7,505 million with growth of 4.4% YoY in Q1FY25. Markets were expecting a mid-single digit revenue growth […]
Continue ReadingIndiastockguru Team Poor monsoons and severe heat waves impacted growth of the auto retail sector in India in June 2024. Auto retail sector reported a modest YoY growth of just 0.73%. Delayed rains in West Bengal, Bihar, Uttar Pradesh, Chhattisgarh, and Madhya Pradesh exacerbated the effects of a severe heatwave in northwest India in June […]
Continue ReadingSuhani Adilabadkar Bajaj Auto has always been the strategist. Creating new aspirations, spotting opportunities and riding them with full conviction has been Bajaj Auto’s biggest strength. Bajaj Auto spotted the rise of the 125cc motorcycle segment as BS-VI related costs increased acquisition cost in the 150cc segment. Pulsar 125cc was launched in 2019 and presently […]
Continue ReadingIndiastockguru Team June witnessed muted customer sentiment for the two-wheeler sector in India. Except Hero MotoCorp, largest two-wheeler manufacturer by volume in the world, all other major players reported lower YoY volume growth in June 2024. Hero is making strong strides in the 125 cc motorcycle segment with the launch of its Xtreme 125R bike […]
Continue ReadingSuhani Adilabadkar Potato prices have gone up by nearly 50% over the past one year. Mixing potato with any vegetable changes its look, taste and the quantity which is essential in the current inflationary scenario. I am talking about food inflation which is above 8% while retail inflation in India is below 5%. Going back […]
Continue ReadingV2 Retail stock price has risen nearly six times over the past one year. V2 Retail is a leading fashion and lifestyle retail chain in India catering to the needs and preferences of fashion-conscious customers at affordable prices for over a decade. The company caters to men, women, and children, offering a variety of clothing, […]
Continue ReadingThe US Federal Reserve kept its benchmark interest rates steady at 5.25- 5.50% in its June 12, 2024 meeting. Earlier last week, the US May jobs report came unexpectedly strong adding 2,72,000 jobs. Gross Domestic Product (GDP) growth rate for the US economy at 1.3% in Q12024, slowed down from 3.4% in Q42023 due to […]
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