Buy Asian paints @ 3020-3030 , target @ 3320-3330 in next 20 days , stop loss 2970
QuickBytes#
#Unacademy is conducting
another round of layoffs as its upskilling platform Relevel is
moving away from education business to focus on products pivoting around exam tests and the newly launched app called
NextLevel.
#Byju's Wants BCCI To
Encash Rs 140 Crore Bank
Guarantee
#Unacademy is conducting
another round of layoffs as its upskilling platform Relevel is
moving away from education business to focus on products pivoting around exam tests and the newly launched app called
NextLevel.
#Byju's Wants BCCI To
Encash Rs 140 Crore Bank
Guarantee
*News from Indian Business Media - 6Mar'23*
*Economic Times*
📝 FY23 fiscal deficit: FinMin monitoring daily receipts, expenses in March
📝 Food companies, FSSAI, health institutions differ over front pack labelling proposal
📝 Quality control: Govt to issue measures to stop imports of sub-standard goods
📝 Centre saved $27 bn in schemes using DBT method, says Economic Affairs Secy
📝 Chennai-based Computer Age Management Services acquires majority stake in Think Analytics
📝 Bank of Baroda reduces home loan rate by 40 bps to 8.5pc until Mar 31
📝 India's oil buy from Russia surges, now more than one-third of total imports
📝 Pfizer sells leasehold rights of 54-acre land parcel in Thane to Vidhi Research
📝 IndiGo looks to enable codeshare connectivity to US, Canada
📝 Agritech firm DeHaat's FY23 revenue set to rise by over 80% to Rs 2,300 crore
📝 DAO EvTech earmarks Rs 100 crore investment in Tamil Nadu, to hire 2,000 people
*Business Standard*
📝 Atmanirbhar push: Rs 7,000-cr PLI boost for toys, bicycle components soon
📝 Essar group returns to steel business with $8-billion investment
📝 Fitment panel to examine compensation cess structure for pan masala
📝 Square Yards raises Rs 112 cr from HNIs for office space in Hyderabad
📝 RIL, First Solar, Shirdi Sai bid for 15.5 Gw end-to-end solar manufacturing
📝 HCL Tech to double semiconductor biz in 4 yrs, needs 2 yrs to build fab
📝 Aiming to double India portfolio to $8 bn in 3-4 yrs: CapitaLand India CEO
📝 Bank of Ceylon, SBI, Indian Bank talk benefit of rupee trade in Colombo
📝 Govt likely to lower rail freight rates for coastal shipping of coal
📝 Bond traders request RBI to shift to multiple price auctions of govt debt
📝 Kotak Mahindra Bank to create vertical for mid-market firms
📝 Indian Navy successfully test-fires the BrahMos supersonic missile
📝 Flexi work model is here to stay, was around even before Covid: Infosys
*Financial Express*
📝 Centre may extend ECLGS for MSMEs by six month
📝 NBFCs expect up to 30 bps rise in borrowing cost in FY24
📝 Finolex looks to expand non-agriculture segment business
📝 BSNL fast-tracks 4G site installation, targets April launch
📝 Bank credit to retail, wholesale trade jumps 16% in February: RBI data
📝 UPI: P2M transactions jump 119% YoY in February 2023
📝 Holi sales to generate Rs 25,000 crore business this year: CAIT
📝 Mustard prices seen falling below MSP on bumper crop prospects
📝 CGA asks departments to avoid last-minute spending rush
📝 Agriculture exports up 10% to $21.8 bn in April-January
📝 India’s per capita income doubles since 2014-15
*Mint*
📝 Saudi Arabia raises oil prices for Asia and Europe for April
📝 Infra, manufacturing push to help economy scale $7 tn peak
📝 Zetwerk raises ₹100 cr debt led by Edelweiss
📝 Centre may ease AT-I bond valuation rules
📝 Mark Mobius sees India as best investment alternative to China.
*Economic Times*
📝 FY23 fiscal deficit: FinMin monitoring daily receipts, expenses in March
📝 Food companies, FSSAI, health institutions differ over front pack labelling proposal
📝 Quality control: Govt to issue measures to stop imports of sub-standard goods
📝 Centre saved $27 bn in schemes using DBT method, says Economic Affairs Secy
📝 Chennai-based Computer Age Management Services acquires majority stake in Think Analytics
📝 Bank of Baroda reduces home loan rate by 40 bps to 8.5pc until Mar 31
📝 India's oil buy from Russia surges, now more than one-third of total imports
📝 Pfizer sells leasehold rights of 54-acre land parcel in Thane to Vidhi Research
📝 IndiGo looks to enable codeshare connectivity to US, Canada
📝 Agritech firm DeHaat's FY23 revenue set to rise by over 80% to Rs 2,300 crore
📝 DAO EvTech earmarks Rs 100 crore investment in Tamil Nadu, to hire 2,000 people
*Business Standard*
📝 Atmanirbhar push: Rs 7,000-cr PLI boost for toys, bicycle components soon
📝 Essar group returns to steel business with $8-billion investment
📝 Fitment panel to examine compensation cess structure for pan masala
📝 Square Yards raises Rs 112 cr from HNIs for office space in Hyderabad
📝 RIL, First Solar, Shirdi Sai bid for 15.5 Gw end-to-end solar manufacturing
📝 HCL Tech to double semiconductor biz in 4 yrs, needs 2 yrs to build fab
📝 Aiming to double India portfolio to $8 bn in 3-4 yrs: CapitaLand India CEO
📝 Bank of Ceylon, SBI, Indian Bank talk benefit of rupee trade in Colombo
📝 Govt likely to lower rail freight rates for coastal shipping of coal
📝 Bond traders request RBI to shift to multiple price auctions of govt debt
📝 Kotak Mahindra Bank to create vertical for mid-market firms
📝 Indian Navy successfully test-fires the BrahMos supersonic missile
📝 Flexi work model is here to stay, was around even before Covid: Infosys
*Financial Express*
📝 Centre may extend ECLGS for MSMEs by six month
📝 NBFCs expect up to 30 bps rise in borrowing cost in FY24
📝 Finolex looks to expand non-agriculture segment business
📝 BSNL fast-tracks 4G site installation, targets April launch
📝 Bank credit to retail, wholesale trade jumps 16% in February: RBI data
📝 UPI: P2M transactions jump 119% YoY in February 2023
📝 Holi sales to generate Rs 25,000 crore business this year: CAIT
📝 Mustard prices seen falling below MSP on bumper crop prospects
📝 CGA asks departments to avoid last-minute spending rush
📝 Agriculture exports up 10% to $21.8 bn in April-January
📝 India’s per capita income doubles since 2014-15
*Mint*
📝 Saudi Arabia raises oil prices for Asia and Europe for April
📝 Infra, manufacturing push to help economy scale $7 tn peak
📝 Zetwerk raises ₹100 cr debt led by Edelweiss
📝 Centre may ease AT-I bond valuation rules
📝 Mark Mobius sees India as best investment alternative to China.
ITC
ITC reported a 17.5% jump in standalone net profit to Rs 4,902.74 crore for the April-June quarter, compared to Rs 4,169.38 crore in the year-ago period. Additionally, the board of ITC approved the ITC Hotels demerger and will list it on the bourses within 15 months. The share ratio is 10:1, wherein those shareholders holding 10 ordinary shares of ITC will receive one share of the demerged entity.
ITC reported a 17.5% jump in standalone net profit to Rs 4,902.74 crore for the April-June quarter, compared to Rs 4,169.38 crore in the year-ago period. Additionally, the board of ITC approved the ITC Hotels demerger and will list it on the bourses within 15 months. The share ratio is 10:1, wherein those shareholders holding 10 ordinary shares of ITC will receive one share of the demerged entity.
Today Green Hydrogen policy will be announced by GOI and the major game changer for this will be the below mentioned scripts.
Do your research and invest wisely.
GAIL (India) Ltd.
NTPC Ltd.
Reliance Industries Ltd.
Indian Oil Corporation Ltd.
Larsen & Toubro Ltd.
*Greenhydrogen sector*
Some stocks working towards this sector are
Neogen Chemicals Ltd.
Gujarat Fluorochemicals Ltd.
Meghmani Finechem Ltd
Chemplast Sanmar Ltd.
National Peroxide Ltd.
For Technology who are already in
BASF India Ltd.
INEOS Styrolution India Ltd.
Linde India Ltd.
Users of hydrogen fuel are
Aarti Industries Ltd.
Deepak Nitrite Ltd.
Alkyl Amines Chemicals Ltd.
Valiant Organics Ltd.
Capital Goods companies for machinery manufacturing are
Thermax Ltd.
Bosch Ltd.
Cummins India Ltd.
For designing
KPIT Technology for designing
Do your research and invest wisely.
GAIL (India) Ltd.
NTPC Ltd.
Reliance Industries Ltd.
Indian Oil Corporation Ltd.
Larsen & Toubro Ltd.
*Greenhydrogen sector*
Some stocks working towards this sector are
Neogen Chemicals Ltd.
Gujarat Fluorochemicals Ltd.
Meghmani Finechem Ltd
Chemplast Sanmar Ltd.
National Peroxide Ltd.
For Technology who are already in
BASF India Ltd.
INEOS Styrolution India Ltd.
Linde India Ltd.
Users of hydrogen fuel are
Aarti Industries Ltd.
Deepak Nitrite Ltd.
Alkyl Amines Chemicals Ltd.
Valiant Organics Ltd.
Capital Goods companies for machinery manufacturing are
Thermax Ltd.
Bosch Ltd.
Cummins India Ltd.
For designing
KPIT Technology for designing