NFCSF revises down sugar output estimate to 32.7 million tons for 2022-23

The revised sugar production estimate is, however, down by 8.88 per cent from the actual production of 35.92 million tonnes in the 2021-22 marketing year (October-September). In a statement, NFCSF said about 531 sugar mills across the country have produced 32.03 million tonnes of sugar till April 30. Of 531 sugar mills, 67 mills are […]

India, Canada trade pact to cover goods, services, investments, technical barriers

Commerce and industry minister Piyush Goyal met Canada’s minister of International Trade, Export Promotion, Small Business and Economic Development, Mary Ng, during his visit to Canada. As per an official statement, the ministers reviewed the progress so far achieved in the India-Canada Free Trade Agreement negotiations in the seven rounds of negotiations so far.

Sectoral Spotlight: Metal stocks drag Q4 earnings. How should investors trade?

The metal sector has been underperforming significantly, with a negative 2% return from the BSE Metal index in the past year and earnings from listed companies being lacklustre, posting a 67% earnings decline for the quarter ending on March 31st. However, Motilal Oswal Financial Services’ report suggests that the overall 4QFY23 aggregate earnings have gone […]

Q4 worst since Covid days but dividend can keep doomsday away from IT cos

Indian IT companies have posted their worst results in 11 quarters, and stocks in tier-one tech firms have dropped up to 21% in the past three months. Weak demand for IT services is squeezing earnings, while there is little expectation of recovery in the first two quarters of the 2023 financial year, resulting in signs […]