Farmers stare at loss as potato prices halve amid glut in UP, Punjab, Bengal
Sowing of potatoes usually begins in November, while the crop is harvested the following January. Uttar Pradesh, the largest producer of the tuber, has witnessed a 15% increase in production in the latest crop season compared with a year earlier, when the state had produced 15.5 million tonnes of potatoes.
Redemption of sovereign gold bonds expected to spike in FY24
The scheme was launched in November 2015, as part of the government’s efforts to trim physical gold demand. Gold bonds have an eight-year tenor, with an exit option for investors from the fifth year. Gross gold bond issuances by the government are expected to be lower at ₹11,200 crore in FY24 from an estimated ₹12,000 […]
Technology, innovation critical factors for improving healthcare infrastructure: NITI Aayog CEO
From diagnosis of the disease to providing treatment, the use of artificial intellgience is proving beneficial in transforming India’s healthcare system, he added. In the coming years, Iyer noted that there will be a significant amount of increase in the number of digital healthcare solutions.
Road projects to see 2-5 per cent hike in inflation-linked toll rates in FY24: Report
Rating agency Icra has revised down the outlook on the toll road sector to stable from positive for FY24, citing the easing wholesale price inflation which fell to 4.95 per cent in December 2022. The wholesale price index (WPI) based inflation is expected to fall further and is likely to settle at sub-2 per cent […]
Tech View: Nifty forms bearish candle. What should traders do on Tuesday
Since last week, Nifty has been range-bound, and until we get a decisive move above the zone of 17850 – 17900, the range-bound action is likely to continue. The daily momentum indicator has a positive crossover which is a buy signal and also suggests that this dip should be bought into. Overall, we expect the […]
Delhivery shares decline 6% as Q3 loss widens. Should you buy, sell or hold?
In line with the September quarter earnings, the incremental gross margin in the Express Parcel and PTL businesses combined continued to be approximately 50% in the third quarter as well. Revenue from Express Parcel services grew 7% quarter-on-quarter to Rs 1,200 crore in the third quarter as against Rs 1,125 crore in the second quarter.
Rs 10,200 crore-bet! Retail investors bought these 3 new-age tech cos in Dec qtr
While the stocks of new-age tech cos are yet to come out of the woods, analysts are turning bullish in some of them in the backdrop of an improvement in earnings and their ability to move towards positive profitability.
10 stocks that saw highest increase in FII holdings in Q3
In the December quarter of FY23, net inflows from DIIs stood at Rs 27,134 crore, and net inflows from Foreign Institutional Investors (FIIs) stood at Rs 47,349 crore. On the back of these strong FII inflows, from the September quarter to the December quarter of FY23, companies such as Yes Bank, PB Fintech, GMM Pfaudler […]
Nykaa Q3 preview: Sales, PAT may see double-digit growth, view on margin mixed
It expects sales to grow by 40% YoY, driven by a 35% growth in beauty and personal care (BPC) category and a 41% growth in fashion gross merchandise value (GMV). EBITDA margin is expected to contract 77 basis points sequentially to 5.5%, but on a YoY basis, it is seen expanding by 55 bps.
We are well positioned to create value added solutions for our clients: Sreekanth Nadella, KFin
Equity AUM overall market share of KFin Tech is about 35%. Getting to 40% will definitely take some time. KFin’s contribution of equity AUM to the total share of AUM continues to be an impressive 56% of the total book that we manage at this point in time