Government considering quality control order for silk: Piyush Goyal
He also announced setting up of a Textile Advisory Group (TAG) on manmade fibre to draw a roadmap for the sector and its value chain along with a memorandum of understanding with the textile industry for traceability, certification and branding of Kasturi cotton, which is the brand of India’s premium cotton.
Infosys to announce Q3 earnings on Jan 12; all eyes on deal pipeline
The earnings come at a time when the industry is seeing massive layoffs that have surpassed the levels from the Great Recession the world went through 2008-2009
GST: GoM on online gaming, casinos submits report to Nirmala Sitharaman
“Presented the Second Report of the Group of Ministers (GoM) on casinos, race courses & online gaming to the Hon’ble Union Finance Minister, Smti. @nsitharaman Ji in New Delhi today,” the GoM’s chairman and Meghalaya Chief Minister Conrad Sangma tweeted. Usually, the GST Council secretariat gives notice to members in the Council before tabling any […]
Indegene files for IPO, Carlyle to sell stake
Existing shareholders who are looking at selling part of their stake include Carlyle, Singapore-based venture capital fund Genesis Alternative Ventures
AMFI stock category rejig: Paytm, Bandhan Bank can get downgraded to midcap
The AMFI rejig will majorly be classified by size, taking into account data from July to December 2022. This period saw rising valuations as the Indian equity market rose by over 5% with Nifty and Sensex at record highs.
Sensex rejig: Tata Motors to replace Dr Reddy’s with an inflow of $124 million
In the latest round of rejig of the 30-share pack, Tata Group’s automobile arm Tata Motors will replace the drug major Dr Reddy’s Laboratories, said an report from Nuvama Alternative and Quantitative Research.
We should not be positioning ourselves as a strong man economy; it scares away foreign investors: Ajit Dayal
“The government is trying to do very good things but attributing everything to one individual may scare away the foreign investors. It makes them nervous and they wonder if this is the next China. What if tomorrow like Xi or Putin, we do something stupid? It is very ambitious and sometimes we mis-position ourselves thinking […]
India’s top 4 MFs added this snack maker to their portfolio in November
The one smallcap stock that stole the heart of most of the fund houses was Bikaji Foods. The top 4 funds bought shares of the company worth more than Rs 100 crore in November, according to the data compiled by Systematix Shares & Stocks.
RIL’s m-cap grows by Rs 1.7 lakh cr in 2022. Here’s how other group firms fared
Reliance Industries’ market cap rose by Rs 1.7 lakh crore this year and stood at Rs 17,69,240 crore as on December 14, 2022. However, the year turned out to be an unlucky one for its listed subsidiaries as most of them gave double-digit negative returns.
Fundamental Radar: 5 factors why Polycab India could surpass Rs 3,200 levels in next 12 months
Polycab India is the market leader in wires and cables (W&C) industry with 22% share in the organized space. It boasts of an extensive product portfolio and has wide distribution reach with retail touch points of 2,05,000 – second only to Bajaj Electricals.