Reliance Industries Ltd (File image) Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Mukesh Ambani-led Reliance Industries Ltd (RIL) has signed agreements with the Gujarat government making a commitment of an investment of close to Rs 6 lakh crore in the state, the oil-to-telecoms conglomerate said in a statement on January 13. Aimed at making Gujarat ‘net zero’ and carbon free, RIL proposes to invest Rs 5 lakh crore in the state over the next 10-15 years to set up 100 gigawatts (GW) of renewable energy power projects and develop green hydrogen eco-system. “RIL will develop an eco-system for assisting small and medium enterprises (SMEs) and encourage entrepreneurs to embrace new technologies and innovations leading to captive use of renewable energy and green hydrogen,” the company said in the statement. In consultation … [Read more...] about RIL commits Rs 5.95 lakh crore investment in Gujarat on clean energy, Jio, other businesses
The notional wealth of equity investors has suffered an over Rs 8-lakh-crore dent across four straight sessions with the benchmark equity indices down nearly 4 percent. “The US markets are down for the fifth consecutive day with tech-heavy NASDAQ leading the fall. The tremors of this fall are being felt in the tech sector in India too with IT underperforming hugely,” VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said in a note. At 10:31am, the Nifty50 index was down 136 points, or 0.8 percent, to 17,621.1, while the BSE-Sensex was at 58,969.1, down 495.7 points, or 0.8 percent. In the broader market, the Nifty Midcap 100 and Nifty Smallcap 100 indices fell 0.8 percent and 0.6 percent, respectively. Let’s take a look at the major forces behind the ongoing correction. 1. Global Markets Close The losses in the Indian markets are mirroring the fall in the US equity markets, which have fallen for five consecutive … [Read more...] about Market correction leaves investors poorer by Rs 8 lakh crore in 4 days. What’s driving D-Street down?
Representative image (Shutterstock) Foreign portfolio investors (FPIs) pumped in a record $10.8 billion (Rs 79,851 crore) in the Indian primary market so far this year. FPIs surpassed the previous high of $9.7 billion in 2020, despite continued withdrawal from Indian equities and bonds amid fears of a rapid spread of the Omicron variant of COVID-19. FPIs became net buyers of $3.9 billion worth of Indian equities in 2021 despite selling stocks worth $6.8 billion in the secondary market, The Economic Times reported, citing data from CDSL. Read | Rs 1.31 lakh cr and counting: IPO momentum to continue in 2022 as well FPIs have been big buyers in the IPO market as it gives the investor an opportunity to get hold of stocks at a discount in comparison to listed peers. The IPO market in 2021 has been robust with a number of unicorns going for listing. Close A total of 65 companies launched IPOs and amassed over Rs 1.31 lakh crore during the year, which is … [Read more...] about FPIs have pumped in Rs 79,851 crore in IPOs this year
Representative image Waves of foreign portfolio investments worth over Rs 51,000 crore splashed into the Indian market in 2021 as overseas investors turned net buyers of domestic securities for the third straight year while excess global liquidity and other factors steered the ebb and flow of their investing ways. With the global financial system still flush with liquidity, emerging market assets, especially equities, might well remain the preferred investment avenue for many more months to come, experts opined. As the equities sizzled during most of 2021, that also saw economy slowly coming back into the recovery path, Foreign Portfolio Investors (FPIs) turned net buyers but their investment is much less compared to net inflows of Rs 1.03 lakh crore in 2020. And last year’s quantum was lower than Rs 1.35 lakh crore investments made by them in 2019. As the equities sizzled during most of 2021, that also saw economy slowly coming back into the recovery path, Foreign … [Read more...] about Ebb and flow: FPIs’ net investments cross Rs 51,000 crore in 2021; more likely in New Year
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Consolidated quarterly numbers for Axis Bank are: Net Interest Income (NII) at Rs 8,858.02 crore in December 2021 up 18.03% from Rs. 7505.09 crore in December 2020. Quarterly Net Profit at Rs. 3,956.95 crore in December 2021 up 200.24% from Rs. 1,317.91 crore in December 2020. Operating Profit stands at Rs. 6,664.74 crore in December 2021 up 3.97% from Rs. 6,410.09 crore in December 2020. Axis Bank EPS has increased to Rs. 12.90 in December 2021 from Rs. 4.31 in December 2020. Close Axis Bank shares closed at 712.50 on January 21, 2022 (NSE) Axis Bank Consolidated Quarterly Results in Rs. Cr. Dec'21 Sep'21 Dec'20 Interest Earned (a) Int. /Disc. on Adv/Bills 13,049.18 12,311.96 11,788.55 (b) … [Read more...] about Axis Bank Consolidated December 2021 Net Interest Income (NII) at Rs 8,858.02 crore, up 18.03% Y-o-Y
Reliance Industries Ltd (File image) Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reliance Industries Ltd , the largest Indian company based on market capitalization, is likely to report a double-digit on-year growth in revenues and income for the third quarter ended December 2021, driven by strong performance in refining, telecom and E&P businesses. The oil-to-telecom-and-retail giant will declare its results for the quarter later today. Brokerages expect the Mukesh Ambani-led company to report 50-60 percent year-on-year growth in its consolidated revenues at Rs 1.81-1.91 lakh crore for the quarter, and a 12-16 percent growth in post-tax profit (PAT) to Rs 14,800-15,300 crore for the quarter. The company had reported a consolidated profit of Rs 13,101 crore on consolidated revenues of Rs 1.18 lakh crore … [Read more...] about RIL Q3 Results Preview: Double-digit earnings growth likely on strong show in refining, telecom, E&P and retail
(Representative image) Banks and non-banking financial companies (NBFCs) in India have the potential to achieve an electric vehicle financing market size of Rs 40,000 crore by 2025 and Rs 3.7 lakh crore by 2030, according to a report released on Friday. Government think-tank Niti Aayog and the Rocky Mountain Institute (RMI) India in a joint report, titled 'Banking on Electric Vehicles in India', outlined the importance of priority sector recognition for retail lending in the electric mobility ecosystem. "Banks and non-banking financial companies (NBFCs) in India have the potential to achieve an electric vehicle (EV) financing market size of Rs 40,000 crore (USD 5 billion) by 2025 and Rs 3.7 lakh crore (USD 50 billion) by 2030. "However, retail finance for EVs has been slow to pick up," it said. The report also stressed the need for the inclusion of lending by banks and NBFCs for buying EVs in the Reserve Bank of India's (RBI) priority-sector lending (PSL) guidelines. … [Read more...] about ‘Banks, NBFCs in India have potential to achieve EV financing market size of Rs 40K cr by 2025’
Indian Railways. Representative image. Expanding Vande Bharat train sets, innovating new wagons, including one specifically targeted at carrying lightweight cargo from small businesses and promotion of new technologies like Hypeloop are among the expectations of Indian Railways from the budget for the next financial year, said two government officials aware of the matter. There may be a broad statement around the transporter’s plans to reduce its carbon footprint on the roadmap to the goal of achieving net-zero emissions, said a third official with knowledge of the matter. The final form of the Railways-related announcements in the upcoming budget is still taking shape, he added. One of the officials quoted above said on condition of anonymity that although passenger revenue has been hit by the COVID-19 pandemic, an increase in capital expenditure is expected so that Railways could serve both passengers and freight customers better. He declined to comment on the size of … [Read more...] about Budget 2022: What’s in store for Indian Railways?
When it comes to the stock markets, just like cricket, Bollywood, or even politics, everyone has an opinion. But the market opinions that matter the most belong to people actually managing the money. The Moneycontrol Market Sentiment survey aims to gauge the mood of the market and get a sense of its direction by polling money managers. Investors are unlikely to be perturbed if the government chooses to turn attention towards populist schemes in the upcoming Union Budget for 2022-23, given several state elections in the coming months and a general election in two years, the seventh edition of the Moneycontrol survey of fund managers revealed. Domestic money managers are of the view that given the high buoyancy in tax collections in the current fiscal year so far, the government could indulge in certain populist measures without sidelining its long-term investment-led policy thrust laid down in the previous Budget. The government is widely expected to far exceed its tax … [Read more...] about Moneycontrol Market Sentiment Survey | A populist Budget is no threat to equities
yes-bank-300_36683164 Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Yes Bank on Saturday reported a 77% year on year growth in December quarter profit at Rs 266 crore as lower provisions and higher loan recoveries drove earnings at the lender. Net interest income, a closely watched measure of how much money the bank makes from lending, was down 31% to Rs 1,764 crore and other income declined 32% to Rs 734 crore. Provisions and contingencies fell 82% to Rs 375 crore. Sequentially they dipped 0.7%. Fresh slippages were significantly lower at Rs 978 crore against Rs 1783 crore in the previous quarter. Recoveries and upgrades for the quarter in review stood at Rs 610 crore and Rs 573 crore respectively. As a percentage of total loans, gross non-performing assets (NPAs) improved to 14.7% as compared to 15% in the … [Read more...] about Yes Bank posts 77% rise in December quarter profit on lower provisions, higher recoveries