Bata India’s stock price has fallen nearly 30% since April last year. Bata India, an iconic Indian footwear behemoth is facing headwinds in its core value segment impacted by inflation and GST. As consumer preference shifts towards sneakerization, athleisure and casual premium footwear, will Bata be able to maintain its supremacy amid high competitive intensity. […]
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Retail inflation at 6.52% in January 2023 surprised economists, analysts and the common man. A three-month high consumer price index (CPI) has validated RBI’s hawkish tone in the December monetary policy review. The central bank had raised the repo rate, key benchmark interest rate by 25 basis points. Repo rate is the rate at which […]
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Marico reported consolidated revenues of Rs 2,470 crore, 2.6% YoY increase against Rs 2,407 crore, corresponding quarter previous year. Domestic revenues came in at Rs 1,851 crore up 2% YoY in Q3FY23. International revenues (Rs 619 crore), 25% of total revenue base reported 8% YoY constant currency growth in Q3FY23. Volume growth for December Quarter […]
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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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Nifty PSU bank index rose 3.6% over the past one month beating Nifty 50 down 3.5%. Nifty PSU bank index is the only sectoral index in the positive zone over the past 30 day period. All other indices, from pharma, realty, healthcare, to FMCG, metals and IT Nifty gave negative returns, ranging between 1-10% over […]
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