11843 stories by IPA Staff
Analyst Corner: Upgrade Astral to ‘buy’ with revised TP of Rs 1,663
Considering the robust growth outlook amid the ongoing second Covid wave, we increase our revenue and PAT estimates by 4.4%/8.3%/8.1% and 6.7%/7.2%/7.9% for FY21E/FY22E/FY23E, respectively. We upgrade ASTRA to BUY with the stock correcting ~27% in the last one month. Besides expecting the company to continue with its strong...
In Big Setback for Ruling BJP, Newly formed TIPRA Sweeps Tripura Tribal Council Polls
The newly formed TIPRA, led by former state Congress president Pradyot Kishore Deb Barman, swept the Tripura Tribal Areas Autonomous District Council (TTAADC) elections on Saturday, winning 18 of the 28 seats that went to the polls, official sources said. The Tipraha Indigenous Progressive Regional Alliance (TIPRA) secured 18...
Amid Poll-related Violence, 71 More CAPF Companies Rushed to West Bengal
The Election Commission (EC) Saturday directed the Union Home Ministry to deploy 71 additional companies of Central Armed Police forces (CAPFs) in West Bengal for the conduct of the remaining four phases of polls, official sources said. The order comes in the backdrop of multiple incidents of poll violence...
BFSI: Momentum revival to reflect in Q4
Q4 is seasonally strong both on sourcing as well as collections. Business updates released for financiers in Q4FY21 suggest revived business growth momentum, both on credit (3-6% q-o-q growth) as well as deposit front (5-10%). However, key to watch out for in Q4FY21 earnings would be: (i) Actual stress...
EC Orders Suspension of Polls at Polling Station No. 126 in West Bengal’s Sitalkuchi Constituency
The Election Commission (EC) ordered suspension of polls on Saturday at polling station number 126 in the Sitalkuchi Assembly constituency of West Bengal amid reports of violence. A spokesperson of the poll panel said the decision was based on an interim report filed by special observers. Detailed reports have...
RTGS Facility To Be Unavailable For 14 Hours On April 18; How It Will Affect You
The Reserve Bank of India (RBI) on Monday announced that the money transfer facility, Real Time Gross Settlement System (RTGS), will be unavailable for 14 hours from 00:00 to 14:00 hours on Sunday, April 18, in lieu of a technical upgrade to enhance the resilience of the system. The...
Insurepays hopes to raise $5-7 million in Series A funding
So far, members, who have been coming on board since November 2020, have paid Rs 140 crore worth of premiums and have redeemed almost Rs 6.3 crore worth through discounts at various vendors. Insurepays, which rewards consumers by facilitating discounts at vendors against premiums paid for insurance policies, is...
76.16% Voter Turnout Till 5 pm in Violence-hit Fourth Phase of Polls
A voter turnout of 76.16 per cent was recorded till 5 pm in the fourth phase of West Bengal assembly polls Saturday, amid incidents of violence which prompted the Election Commission to suspend voting at a booth in Sitalkuchi constituency of Cooch Behar. The Commission said polling was held...
Retail Inflation Rises to 5.52% in March on Account of High Food Prices
Representative image (Reuters) The rate of price rise in the food basket accelerated to 4.94 per cent in March, as against 3.87 per cent in the preceding month, as per data released by the National Statistical Office. PTI New Delhi Last Updated:April 12, 2021, 18:29 IST FOLLOW US ON:...
EC Bans Entry of Politicians in Cooch Behar for 3 Days, Curtails Campaigning For 5th Phase
The Election Commission of India (ECI) on Saturday announced that no political leader from any party will be allowed to “enter the geographical boundaries of Cooch Behar district for the next 72 hours with immediate effect”. The decision was taken hours after West Bengal Chief Minister and TMC supremo...
Equity Strategy: Covid wave likely to affect the recovery
OWT IT Svcs, UWT Fin. Other top picks – RIL, Tata Steel, Concor, PGRD, GPL, Colgate, Dr Reddy’s & Maruti. Jefferies recovery tracker (JRT) averaged 102% in Mar’21, -1ppt MoM, partly as urban activity tapered down somewhat on rising COVID cases. Localised lockdowns are getting more stringent, and we...
Industrial Production Contracts 3.6% in February
India’s industrial production contracted by 3.6 per cent in February, official data showed on Monday. According to the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), manufacturing sector output declined by 3.7 per cent in February 2021. Mining output slipped 5.5 per cent, while...
Infosys to consider share buyback on April 14
Infosys completed its first buyback of Rs 13,000 crore in December 2017, comprising 11.3 crore equity shares at a price of Rs 1,150 per share. Software services giant Infosys said on Sunday it would consider a proposal to buy back of its shares at its forthcoming board meeting scheduled...
Women Representation in Kerala Assembly Never Crossed 10 per cent in Six Decades
Considered a progressive state, Kerala has never had a woman chief minister, nor women representation in the Assembly ever touched the 10 per cent-mark in the last six decades, data from the Election Commission of India revealed. So far, a total of 88 women have been elected to the...
Wheat Procurement in Full Swing, Farmers Getting MSP in Their Bank Accounts: Food Secy
Food Secretary Shudhanshu Pandey said on Thursday that wheat procurement has gained pace in the ongoing Rabi Marting Season (RMS) 2021-22 with the government agencies procuring 64.7 LMT of wheat worth Rs 12,800 crore at MSP (Minimum Support Price) of Rs 1,975 per quintal, against an estimated target of...
SGX Nifty nosedives 200 points; 5 things to know before today’s opening bell
On the charts, the Nifty has remained range-bound for the last few trading sessions and is likely to continue moving sideways. (Image: REUTERS) Equity benchmark indices could be staring at a weak opening to the week’s first trading session with SGX Nifty plummeting over 200 points during the early...
Audio Clip of Mamata ‘Framing CRPF’ Sparks War of Words Between BJP and TMC
A controversy erupted on Friday after the BJP released a purported audio clip in which West Bengal Chief Minister Mamata Banerjee is heard telling the Trinamool Congress nominee of Sitalkuchi to hold rallies with bodies of the four persons killed in CISF firing during polling on April 10. The...
TCS, Infosys, State Bank of India, Vodafone Idea, M&M, South Indian Bank among stocks in focus
Analysts believe, concerns over the fast spreading second wave of COVID-19 in India along with vaccine supply crunch will continue to keep the markets volatile. Image: Reuters Nifty futures plunged over 200 points to 14,659.50 on Singaporean Exchange, suggesting a gap-down opening for BSE Sensex and Nifty 50 on...
