Indian Market

India's trade policy remains blinded by its huge domestic market. This was underlined last week when the govt released its latest trade policy - three years late

TMS Ep403: Covid-19, dismantling Big5, markets, reusable launch vehicle

Is India staring at another Covid-19 wave? Should large groups like Adani and Reliance be dismantled? Will Covid-19 fears spook the market again? What is a reusable launch vehicle? All answers here

After outperforming over the past two years, Indian stocks are Asia's worst performers in 2023 amid concerns over monetary policy tightening and weak sentiment due to value erosion at the Adani Group

While global smartphone sales, including in India, are declining, the premium category smartphones are picking up pace and are seen as a saving grace for the country's overall shrinking market

"In the past 15 years or so, many multinational financial institutions have come and exited Indian markets and the latest incident was making wealthy investors nervous"

India is a key country for our regional strategy as we aim at steady growth in the Asia-Pacific region, says Chanakya Chakravarthi, MD, Ivanhoe Cambridge

Such rights are against the fundamental principles of corporate governance and shareholder democracy, according to the regulator

Key index providers such as MSCI, FTSE, and the homegrown Nifty undergo quarterly, or semi-annual rejig of their indices. Read more to find out what it means and how it affects stocks

"The Hindenburg-Adani Group affair will eventually become yesterday's news, and the market will focus on the fact that India does have strong earnings growth this year"

The appointment marks the first major effort by Adani Group to defend itself in the wake of a Jan. 24 report by Hindenburg that accused it of improper use of offshore tax havens and stock manipulation

Air cooler and appliances maker Symphony on Wednesday reported 85.71 per cent jump in consolidated net profit at Rs 39 crore for the third quarter ended December 2022. The company had logged a net profit of Rs 21 crore in October-December period a year ago, Symphony said in a regulatory filing. Revenue from operations rose 35.12 per cent to Rs 277 crore during the quarter under review against Rs 205 crore in the year-ago period. This was led by robust off-season sales and quite positive and buoyant trade sentiment during the quarter, Symphony said in its earnings statement. The company's revenue from the Indian market was at Rs 198 crore, while the global markets contributed Rs 79 crore. Total expenses in the quarter were Rs 243 crore, up 32.06 per cent as compared to the year-ago period. Symphony also said its board, in a meeting held on Wednesday, approved a share buyback of Rs 200 crore, buying back up to 10,00,000 equity shares at Rs 2,000 per scrip, subject to shareholders'

Apple CEO Tim Cook has said he is very bullish on India and described the country as a major focus and "hugely exciting market where the technology giant is putting a significant amount of energy through investments, retail and online presence. Apple on Thursday reported revenue of USD 117.2 billion for the December quarter and set all-time revenue records in a number of markets, including Canada, Indonesia, Mexico, Spain, Turkey and Vietnam, along with quarterly records in Brazil and India. The USD 117.2 billion revenue was down 5 per cent year-over-year, from nearly USD 124 billion in December 2021 as a result of a challenging environment. We actually did fairly well through COVID in India. And I'm even more bullish now on the other side of it, or hopefully, on the other side of it. And that's the reason why we're investing there. We're bringing retail there and bringing the online store there and putting a significant amount of energy there. I'm very bullish on India, Cook said a

Coffee planters in Karnataka are unhappy with the Budget as the Central government has not fulfilled their demand of complete exemption from tax on sales of coffee in different forms

Ford Motor Co said quarterly profits fell and automaker predicted a difficult year ahead, sending its shares down after bell as investors were disappointed

Realty firm Godrej Properties Ltd on Thursday reported a 51 per cent increase in its consolidated net profit to Rs 58.74 crore for the third quarter ended December 2022. Its net profit stood at Rs 39.02 crore in the year-ago period. The total income declined to Rs 404.58 crore in the third quarter of this fiscal from Rs 466.91 crore in the corresponding period of the previous year, according to a regulatory filing. Godrej Properties has posted a net profit of Rs 159.25 crore during the April-December period of this fiscal from Rs 91.90 crore in the year-ago period. Its total income rose to Rs 1,200.18 crore in the first nine months of this fiscal from Rs 1,063.12 crore a year ago. Godrej Properties is one of the leading real estate developers in the country. It is developing projects mainly in the Mumbai Metropolitan Region, Delhi-NCR, Bengaluru and Pune. Godrej Properties is a part of the business conglomerate Godrej Group.

Shares of Ashok Leyand on Thursday climbed 5 per cent after the firm reported a multi-fold jump in its profit after tax for the third quarter ended December. The stock climbed 5 per cent to Rs 155.10 on the BSE. At the NSE, it advanced 4.94 per cent to Rs 155. In a volatile trade, the 30-share BSE benchmark traded 48.36 points higher at 59,756.44. Hinduja group flagship Ashok Leyand on Wednesday reported a multi-fold jump in its profit after tax at Rs 361 crore for the third quarter ended December, aided by robust sales. The company had posted a profit after tax of Rs 6 crore in the October-December quarter of previous fiscal. Revenues for the quarter stood at Rs 9,030 crore over Rs 5,535 crore in the year-ago period, the company said in a statement. Ashok Leyland said its domestic Medium and Heavy Commercial Vehicle volume rose to 28,221 units, up 69 per cent, over the same period last year. The company's domestic LCV volumes for the third quarter rose to 16,405 units, up 15 p

Kamdhenu Ventures, the paints business of Kamdhenu Group, will be listed on the stock exchanges BSE and NSE later this month. The paints division was separated from the steel business of the group last year for better management focus and operational flexibility, its CMD Satish Agarwal said, citing reasons for the demerger. There are plans to raise Rs 200 crore through multiple routes and expand the paints business post listing, the CMD said. The group also aims to garner a revenue of Rs 1,000 crore from the paints segment over the next five years, he said. "Kamdhenu Ventures has also issued 2,69,35,500 shares of Rs 5 each in the ratio of 1:1 towards the consideration for demerger to the shareholders of Kamdhenu Ltd having shares on 7th September 2022 being the record date," Group CFO Harish Agarwal said. The new venture had received the in-principle approval for listing from the BSE and NSE in November 2022, the CFO said. Kamdhenu has its paint manufacturing plant at Chopanki in

FPIs have turned sustained sellers in the Indian market and sold for 11 consecutive days taking cumulative selling to Rs 14,300 crore, says V.K. Vijayakumar

India's economy is expected to grow 5.5% in the next financial year, a notch below the expected potential rate of 6%, as growth momentum in the country was slowing gradually, an economist at HSBC said

Among the top-20, PPFAS and Canara Robeco grew the fastest last year