Tit-for-tat tariffs or waiver talks: Choices India have to navigate new EU regulations
While the Government of India is still grappling with this new legislation — a bolt from the blue when New Delhi is engaging with the 27-nation bloc to craft a favourable free trade agreement (FTA) — Indian exporters will have to bear the brunt of it, especially those shipping commodities such as coffee, leather hide, […]
NTPC to hive off coal mining business into arm in Rs 7,795-crore deal
NTPC will receive Rs 7,795 crore from the transfer of the coal mining business. This is based on the book value, payable through a combination of cash/equity shares/debt liability, the company said in an exchange filing.
NTPC Q1 results: PAT rises 9.4% YoY to Rs 4,066 crore, sales drop 2.3%
Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), grew by nearly 17% on year to Rs 11,369.40 crore. Operating margin expanded a sharp 471 basis points to 29.06%.
Hostel accommodation to attract 12 per cent GST: AAR
In an advance Ruling sought by Srisai Luxurious Stay LLP, the AAR said GST exemption was applicable on the accommodation services, of charges up to Rs 1,000/- per day, provided by hotels, clubs, campsites etc. till July 17, 2022.”PG/Hostel Rent paid by inhabitants do not qualify for GST exemption… as the services provided by applicant […]
IDFC First Bank Q1 results: PAT soars 61.3% YoY to Rs 765 crore, NII grows 36%
Provisions and contingencies for the quarter was Rs 476 crore, compared to Rs 308 crore a year ago. Gross non-performing assets (NPA) as a percentage of the total loans was 2.17% as of June end, compared to 3.36% a year ago, and 2.51% a quarter ago.
Will Nifty Bank’s underperformance to Nifty 50 continue? Here’s what experts say
The index managed to close just above its 20-day moving average of 45350, which will act as a crucial support level, as a break below this level could lead to further selling pressure and potentially extend the downtrend, Shah said.
Tata Power among 3 stock ideas for next week: Kunal Shah
The index experienced a sharp correction from higher levels, and the resistance at 19800 is acting as a significant barrier for the bulls. However, the bulls are attempting to defend the index from lower levels and prevent further downside. If the index breaks below the support level of 19550, it may indicate further correction towards […]
Defying gravity! This smallcap multibagger stock turned Rs 10,000 to nearly Rs 7 lakh in 10 years
Bharat Rasayan, a smallcap company with a market capitalization of about Rs 3,798 crore, is a R&D driven chemical manufacturing company. It is engaged in the production of fatty acid anhydrides, grignard reagents, pharma intermediates, esters and solvents on a regular basis.
ITC, Maruti among 16 Nifty stocks with highest long build-ups in July series
Market-wide rollovers were higher at 91% in the July series against the three-month average of 90%. The stock futures rollovers stood at 93%, in line with the average rollovers of the last three series at 93%. However, stocks including Bajaj Finance, ITC, Maruti Suzuki and NTPC reported the highest long build-ups and dominated sectoral rollovers.
2 top stock recommendations from Mileen Vasudeo
Now we are consolidating the previous gains. At present, yes, Nifty has got good support at somewhere around say 19,600, 19,550 levels. Now the level of 19,500 which was earlier acting as a resistance is now going to act as a support.