11843 stories by IPA Staff
Indian gold demand likely to slow down in April-June: WGC
According to WGC data, total investment demand for Q1 2021 increased 34% y-o-y to 37.5 tonne. Indian gold demand is likely to slow down in the second quarter (April-June) due to COVID-related restrictions, before rebounding in the second half of 2021, according to the World Gold Council (WGC). The...
Revise United Breweries fair value to Rs 1,365
Exceptional loss stood at Rs 6.2 bn for Rs 4.5 bn impairment loss on Bihar brewery, and Rs 1.8 bn loss on investment in subsidiary. UBBL reported good sequential recovery in volumes with EBITDA margin at 16.9% aided by a tight leash on operating costs. OCF generation in FY2021...
Oil Prices Extend Gains as Demand Outlook Offsets India Concerns
Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer offset concerns of rising Covid-19 cases in India, Japan and Brazil. Brent crude for June edged up 8 cents, or 0.1%, to $67.35 a barrel by 0104 GMT while...
Demand for arhar remains subdued amid restrictions
Farmers had planted the pulse over 47 lakh hectares of area, with Maharashtra alone reporting over 12 lakh hectares of plantation. Lockdown restrictions in several states and skeletal functioning of mandis have led to a lack of demand, resulting in stagnancy in the tur (arhar) prices in Maharashtra. Wholesale...
TVS Motors TP raised to Rs 650 on margin performance
Positively, strong FCF generation in FY21 resulted in a net debt reduction of Rs 14.5bn. Notwithstanding the significant commodity headwinds, record 4Q FY21 EBITDA surprised the Street positively. Improved brand acceptance, diversified revenues and strong R&D capability provide long-term defensiveness. Strong and consistent margin performance drives our increase in...
Jio Platforms, Byju’s in Time Magazine’s First-ever List of 100 Most Influential Firms
Two Indian firms, Reliance Industries’ technology arm Jio Platforms and e-learning startup Byju’s have figured in the Time Magazine’s first-ever list of 100 most influential companies. On its website, Time said companies shaping the future are at the heart of the first ever TIME100 Most Influential Companies. To assemble...
Top Stocks For Investors on April 29
Indian benchmark indices are expected to open higher on Thursday, April 29 as trends on SGX Nifty indicate a positive start. At 09:03 IST, the BSE Sensex was up 356.27 points or 0.72 percent at 50,090.11, while the Nifty was up 102.30 points or 0.69 percent at 14966.80, according...
Gruelling West Bengal Elections Come to End, Bigger Battle Ahead for Winner
Blotched by violence, vicious personal attacks and jingoistic fulminations, polling for one of the most gruelling and long-drawn West Bengal assembly elections concluded on Thursday with an estimated around 80 per cent of over 84.77 lakh voters exercising their franchise. Arguably the most bitterly fought in a long time,...
Rahul Gandhi Demands Free Vaccination for All, Tweets Dictionary Meaning of ‘Free’
New Delhi: Congress leader Rahul Gandhi demanded free COVID-19 vaccination for all Indians on Thursday and put out a tweet with the dictionary meaning and usage of the word “free” to stress his point. Gandhi and his party have been demanding free COVID-19 vaccination for all citizens. They have...
CM Vijayan’s LDF Could Return In A Break From Tradition
Chief minister Pinarayi Vijayan’s Left alliance could upset the Congress in the electoral battle for Kerala and come back to power for a second straight term, according to exit polls on Thursday. If the predictions hold true, they would mark a departure from the political tradition of the state...
Stalin Could Become CM, Advantage DMK
MK Stalin’s Dravida Munnetra Kazhagam (DMK) could return to power in Tamil Nadu after a decade, trouncing the ruling All India Anna Dravida Munnetra Kazhagam (AIADMK), exit polls said on Thursday. In Puducherry, the Bharatiya Janata Party (BJP)’s alliance could have an upper hand, they said. TAMIL NADU 2016...
Sensex, Nifty End Marginally Higher on F&O Expiry
Market benchmarks Sensex and Nifty ended marginally higher as monthly derivatives expired on Thursday amid a largely positive trend in global equities. After gyrating 840 points during the day, the 30-share BSE index finished 32.10 points or 0.06 per cent higher at 49,765.94. Similarly, the broader NSE Nifty advanced...
BJP Could Be Headed For Second Straight Term
Voters queue up to cast their votes during the second phase of the Assam Assembly election, at a polling station in Dhekiabari, Morigaon district. (File pic: PTI) The citizenship law has put the BJP at odds with local sub-nationalist politics, but the party is confident that its outreach efforts...
Close BJP-TMC Contest Likely, Some Give Advantage To Mamata
The ruling Trinamool Congress (TMC) and the Bharatiya Janata Party (BJP) are locked in a close contest for West Bengal’s 294 seats, exit polls showed on Thursday, with some of them giving chief minister Mamata Banerjee’s party an upper hand in the fiercely fought election battle. 2016 results: The...
Maharashtra Cong to Give Nearly Rs 2 Crore for Covid-19 Vaccination Drive
File photo of Maharashtra Congress president Balasaheb Thorat. Speaking to reporters here, state Revenue Minister and senior Congress leader Balasaheb Thorat said he will donate a year’s salary, while other Congress MLAs will contribute a month’s salary to the CMRF. PTI Mumbai Last Updated:April 29, 2021, 18:46 IST FOLLOW...
Gold Gains Marginally in Delhi; Silver Jumps Rs 1,776
Gold went higher by Rs 61 to Rs 46,472 per 10 gram in the national capital on Thursday, according to HDFC Securities. The precious metal had closed at Rs 46,411 per 10 gram in the previous trade. Silver also moved up by Rs 1,776 to Rs 68,785 per kg,...
Rupee Extends Gains for 4th Day, Rises 29 Paise to 74.07 Against Dollar
The rupee rose by 29 paise to close at 74.07 (provisional) against the US dollar on Thursday, extending gains for the fourth straight session amid a positive trend in domestic equities. At the interbank forex market, the local unit opened at 74.20 against the greenback and witnessed an intra-day...
Valuations of shipping stocks still inexpensive; Jefferies bullish on these Wall Street shares
After being bruised and beaten in the previous year owing to the pandemic and a global lockdown, the shipping industry is recovering steadily. (Image: REUTERS) After being bruised and beaten in the previous year owing to the pandemic and a global lockdown, the shipping industry is recovering steadily. Last...
