Page 43 - Indian Markets

Centre plans sweeping overhaul of digital law as Indian market swells

The changes will impact how Alphabet Inc.'s Google to Meta Platforms Inc. to Amazon.com Inc. do business in a market the government estimates will expand to 1.3 billion internet users by 2025

Solid order book, indigenisation to keep defence stocks in demand: Analysts

Shares of Hindustan Aeronautics (HAL), Mazagon Dock Shipbuilders, MTAR Technologies, Bharat Electronics (BEL), and Bharat Dynamics (BDL) have skyrocketed up to 160 per cent in a year

Indian market offers opportunity of innovation for Nescafe: Nestle official

India is one of the fastest growing markets for Nescafe and offers a "huge opportunity" for innovation and premiumisation, according to a senior Nestle official. Nescafe is a coffee brand owned by leading Swiss food company Nestle. Nestle's Head of Coffee Strategic Business Unit Philipp Navratil, who is on an India visit, said the company is encouraged by the new coffee culture brewing in India with the opening of new coffee shops. "India is one of the fastest growing markets for Nescafe and offers a huge opportunity for penetration-led growth, both through in-home and out-of-home consumption," he said in a statement issued by the company on Tuesday. According to him, Nescafe has already reached a household penetration of 46 million in India, which is a substantial number. He also said there is a "huge opportunity" to bring Nescafe to the world, making it more affordable to consumers. "We believe Nescafe is perfectly positioned to introduce the world to coffee -- we are more ...

IPO-bound Netweb Technologies PAT more than doubles to Rs 47 cr in FY23

IPO-bound IT hardware company Netweb Technologies has posted over two-fold jump in its profit after tax at Rs 46.93 crore in the financial year ended March 31, 2023, according to a regulatory filing. The company had posted a profit after tax of Rs 22.45 crore in the financial year (FY) 2021-22. The revenue from operations of Netweb Technologies grew 80 per cent to Rs 444.97 crore in FY'23 from Rs 247 crore a year ago, according to a ROC filing. The company had filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in March 2023 to raise funds through an Initial Public Offering (IPO). The IPO consists of a fresh issue of equity shares worth up to Rs 257 crore and an offer-for-sale (OFS) of up to 85 lakh equity shares by selling shareholders. Netweb Technologies said it has demonstrated improved profitability with EBITDA margins expanding to 15.86 per cent in FY'23 compared to 14.32 per cent in FY22. Similarly, the profit after tax (PAT)

Recovery in rural demand, festival season may ramp it up: Mrinal Singh

There are green shoots of recovery in rural demand, which is likely to benefit rural heavy consumer staples and two-wheelers for instance

Sensex, Nifty end flat; Adani shares rally for 3rd day, SpiceJet sinks 14%

Stock market live updates: The SGX Nifty, on Tuesday, indicated a firm start as it quoted 18,359 levels, up 24-odd points

India's IPO mop-up so far sees sharp drop versus global peers in 2023

Domestic market share in amount raised globally falls to 0.9% versus five-year average of 2.9%

Analysts see rich valuations for paint, tyre stocks; time to book profit?

Shares of related companies have gained up to 84 per cent, as against a 14 per cent rise in the S&P BSE Sensex

IT stocks spark 234-pt rally in Sensex; Nifty tops 18,300; Adani Ent up 20%

Stock market live updates: The SGX Nifty, on Monday, signalled a muted start as it stood at 18,211 levels, down 28-odd points

Narayana Hrudayalaya rallies 11% to hit a record high on strong Q4 results

The company reported the highest-ever revenue and profitability in Q4FY23, as well as for FY23, which is attributed to increased patient footfalls along with improvements in speciality and payor mix

Statsguru: Six charts explain LIC's stock listing pains amid headwinds

Private players have diversified ways of sourcing business, while LIC is more dependent on its agents

Adani-Hindenburg: SC panel urges centralised database of unclaimed property

Database would aim to track rightful owners of such property and enable proven legal heirs to get full picture of investments and savings of the deceased and claim their money

Markets drop on US debt ceiling concerns, benchmark indices shed 6% each

Sensex and Nifty both lose over 1.2%, in two days despite positive flows from FPIs

Stock of this technology solutions company has zoomed 100% in 11 weeks

Shares of Aurionpro Solutions locked in 10 per cent upper circuit at Rs 581.5 in Wednesday's intra-day trade, in an otherwise a weak market on strong growth outlook

Biz activity for Shopify's Indian sellers up 9.8% to Rs 30,100 cr in 2022

Shopify has a total seller-base of 7.9 million registered Indian Micro, Small, and Medium Enterprises (MSMEs) on its platform

Bharti Airtel Q4 revenue may rise up to 6.4% QoQ, ARPU growth to aid margin

At the bourses, shares of Bharti Airtel have declined 1.86 per cent so far this calendar year (CY23), as against 2 per cent rise in the S&P BSE Sensex

Karnataka election results likely to keep Indian markets swinging

The market mood is bullish amid strong inflows from foreign portfolio investors. The benchmark National Stock Exchange Nifty is less than 3 per cent shy of new all-time highs

Sensex gains 123.38 points, finishes over 62K, highest since December

The 30-share index gained 123.38 points or 0.20 per cent to settle at 62,027.90, the highest closing level since December 12, 2022

Karvy Stock Broking case: Sebi fines Rs 1.9 crore on 4 ex-officials

Capital markets regulator Sebi on Friday imposed a penalty totalling Rs 1.9 crore on four former officials of Karvy Group for flouting norms in the case pertaining to misappropriation of clients' funds by Karvy Stock Broking Ltd (KSBL). They have been directed to pay the fine within 45 days, according to the order passed by the Securities and Exchange Board of India (Sebi). The order came after Sebi initiated adjudication proceedings against the key persons of KSBL, who allegedly contributed/colluded with the brokerage house in its wrongdoings. Those penalised by Sebi are Krishna Hari G, who was VP (F&A) of KSBL; Srikrishna Gurazada, former compliance officer of KSBL; Srinivasa Raju, who was the General Manager- back office operations; and V Mahesh, who was the MD of Karvy Stock Broking's subsidiary KDMSL. The case relates to KSBL's raising huge funds by pledging clients' securities and by misusing the Power of Attorney (PoA) granted to it by its clients. Further, the funds by ...

India is a focus market for the carrier, says KLM Royal Dutch Airlines

KLM Royal Dutch Airlines on Friday said India is a focus market for the carrier as it introduced a new class for travellers on its flights between various Indian cities and Amsterdam. The airline is part of the Air France-KLM Group, which recorded passenger traffic of one million on Indian routes in 2022. India is the world's third largest and one of the fastest aviation markets in the world. Currently, Air France-KLM operates up to 46 weekly flights connecting four Indian cities -- Delhi, Mumbai, Bengaluru, and Chennai. It also has a codeshare agreement with IndiGo for more than 30 cities. Reflecting the growing traffic to and from India, the group increased its seat capacity on Indian routes by 22 per cent as compared to 2022. KLM has introduced the 'premium comfort class' on the Indian routes. "The launch highlights the importance of India as a focus market for KLM. The new premium comfort class will be available on flights between Bengaluru, Delhi and Mumbai to Amsterdam and